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Introduction, basis for the presentation of the condensed interim consolidated financial statements and other informationIntroduction<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Banco Bilbao Vizcaya Argentaria, S.A. (hereinafter “the Bank”, “BBVA" or "BBVA, S.A.") is a private-law entity subject to the laws and regulations governing banking entities operating in Spain. It carries out its activity through branches and agencies across the country and abroad.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Bylaws and other public information are available for inspection at the Bank’s registered address (Plaza San Nicolás, 4, Bilbao) as noted on its web site (www.bbva.com).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In addition to the activities it carries out directly, the Bank heads a group of subsidiaries, joint ventures and associates which perform a wide range of activities and which together with the Bank constitute the Banco Bilbao Vizcaya Argentaria Group (hereinafter, “the Group” or “the BBVA Group”). In addition to its own separate financial statements, the Bank is required to prepare consolidated financial statements comprising all consolidated subsidiaries of the Group.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The consolidated financial statements of the BBVA Group for the year ended December 31, 2022 were authorized for issue on March 6, 2023.</div>Basis for the presentation of the condensed interim consolidated financial statements<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group’s condensed interim consolidated financial statements (hereinafter, the “Consolidated Financial Statements”) as of and for the six months ended June 30, 2023 are presented in accordance with the International Accounting Standard “Interim Financial Reporting” (hereinafter “IAS 34”), pursuant to article 12 of Royal Decree 1362/2007 as regards the preparation of condensed interim financial information and taking into account the requirements of Circular 3/2018, of June 28, of the Spanish Securities and Exchange Commission (CNMV) and have been approved by the Board of Directors at its meeting held on July 27, 2023. In accordance with IAS 34, the interim financial information is prepared solely for the purpose of updating the last annual consolidated financial statements, focusing on new activities, events and circumstances that occurred during the period without duplicating the information previously published in those consolidated financial statements.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Therefore, the Consolidated Financial Statements do not include all information required by a complete set of consolidated financial statements prepared in accordance with International Financial Reporting Standards endorsed by the European Union (“EU-IFRS”), consequently for an appropriate understanding of the information included in them, they should be read together with the consolidated financial statements of the Group as of and for the year ended December 31, 2022. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The aforementioned annual consolidated financial statements are presented in compliance with IFRS-IASB (International Financial Reporting Standards as issued by the International Accounting Standards Board), as well as in accordance with the International Financial Reporting Standards endorsed by the European Union (“EU-IFRS”) applicable as of December 31, 2022, considering the Bank of Spain Circular 4/2017, as well as its successive amendments, and with any other legislation governing financial reporting which is applicable and with the format and mark-up requirements established in the EU Delegated Regulation 2019/815 of the European Commission.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Consolidated Financial Statements were prepared applying principles of consolidation, accounting policies and valuation criteria, which, as described in Note 2, are the same as those applied in the consolidated financial statements of the Group as of and for the year ended December 31, 2022, except for the new Standards and Interpretations that became effective from January 1, 2023 (see Note 2.1), so that they present fairly the Group’s consolidated equity and financial position as of June 30, 2023, together with the consolidated results of its operations and the consolidated cash flows generated by the Group during the six months ended June 30, 2023. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Consolidated Financial Statements and Notes were prepared on the basis of the accounting records kept by the Bank and each of the other entities in the Group. They include the adjustments and reclassifications required to harmonize the accounting policies and valuation criteria used by the entities in the Group.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">All effective accounting standards and valuation criteria with a significant effect in the Consolidated Financial Statements were applied in their preparation.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The amounts reflected in the Consolidated Financial Statements are presented in millions of euros, unless it is more appropriate to use smaller units. Therefore, some items that appear without a balance in these Consolidated Financial Statements are due to how the units are expressed. Also, in presenting amounts in millions of euros, the accounting balances have been rounded up or down. It is therefore possible that the totals appearing in some tables are not the exact arithmetical sum of their component figures.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The percentage changes in amounts have been calculated using figures expressed in thousands of euros.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">When determining the information to disclose about various items of the Consolidated Financial Statements, the Group, in accordance with IAS 34, has taken into account their materiality in relation to the Consolidated Financial Statements.</div>Comparative information<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">IFRS 17 "Insurance Contracts"</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of January 1, 2023, IFRS 17 "Insurance Contracts" replaced IFRS 4 in the accounting treatment of insurance contracts. IFRS 17 is mandatory for financial years beginning on January 1, 2023, with comparative information of at least one year, that is, for the BBVA Group, from January 1, 2022, therefore the information for the six months ended June 30, 2022 and as of December 31, 2022 has been restated (see Note 2.1 and Appendix III).</div>Seasonal nature of income and expenseThe nature of the most significant activities carried out by the BBVA Group’s entities is mainly related to typical activities carried out by financial institutions, and are not significantly affected by seasonal factors within the same year.Responsibility for the information and for the estimates made<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The information contained in the BBVA Group’s Consolidated Financial Statements is the responsibility of the Group’s Directors.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Estimates were required to be made at times when preparing these Consolidated Financial Statements in order to calculate the recorded or disclosed amount of some assets, liabilities, income, expense and commitments. These estimates relate mainly to the following:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Loss allowances on certain financial assets (see Notes 6, 12, 13 and 15).</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•The assumptions used to quantify certain provisions (see Notes 22 and 23) and for the actuarial calculation of post-employment benefit liabilities and other commitments (see Note 24).</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•The useful life and impairment losses of tangible and intangible assets (see Notes 16, 17 and 20).</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•The valuation of goodwill and price allocation of business combinations (see Note 17).</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•The fair value of certain unlisted financial assets and liabilities (see Notes 6, 7, 9, 10, 11 and 12).</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•The recoverability of deferred tax assets (see Note 18).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The significant prevailing geopolitical and economic uncertainties (see Note 6.1) entail a greater complexity in developing reliable estimations and applying judgment. Estimates have been made on the basis of the best available information on the matters analyzed, as of June 30, 2023. However, it is possible that events may take place subsequent to such date which could make it necessary to amend these estimations (upward or downward), which would be carried out prospectively, recognizing the effects of the change in estimation in the corresponding consolidated income statement.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">During the six-month period ended on June 30, 2023 there have been no other significant changes in the estimates made at the end of the 2022 financial year, other than those indicated in these Consolidated Financial Statements.</div> Principles of consolidation, accounting policies, measurement bases applied and recent IFRS pronouncements and interpretationsThe accounting policies and methods applied for the preparation of the Consolidated Financial Statements do not differ significantly to those applied in the consolidated financial statements of the Group for the year ended December 31, 2022 (Note 2), except for the entry into force of new standards and interpretations in the year 2023. Principles of consolidation, accounting policies, measurement bases applied and recent IFRS pronouncements and interpretationsThe accounting policies and methods applied for the preparation of the Consolidated Financial Statements do not differ significantly to those applied in the consolidated financial statements of the Group for the year ended December 31, 2022 (Note 2), except for the entry into force of new standards and interpretations in the year 2023.Standards and interpretations that became effective in the first six months of 2023<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Entry into force of IFRS 17 – Insurance contracts</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Initial application</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">IFRS 17 has superseded IFRS 4 as the accounting standard applicable to the recognition, measurement and presentation of contracts that transfer significant insurance risk, based on a model that uses updated assumptions at each reporting period. The Group has applied IFRS 17 to "insurance contracts" as of January 1, 2023. In order to make 2022 information comparable with the information as of and for the six months ended June 30, 2023, 2022 information was adjusted by recording in equity the valuation differences arising from the application of IFRS 17 and IFRS 4, respectively (see Appendix III).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The application of IFRS 17 has not had a significant impact on the consolidated financial statements of the BBVA Group (see Appendix III). The main differences in accounting come from long-term contracts, and have been recorded in accumulated other comprehensive income (loss) and retained earnings. In short-term contracts there are no significant differences in their accounting with respect to the previous situation, nor a significant equity impact in initial application. The impact on the Group of "onerous" products has been not significant.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">During 2022, a generalized neutral effect has been observed in the results, comparing those expressed under IFRS 4 with those restated under IFRS 17, except in specific cases, affecting reserves in the initial application. For its part, the evolution of interest rates during 2022 included, in other accumulated comprehensive income (loss), the net effect of the change in the fair value of the liabilities under insurance and reinsurance contracts and the associated financial assets.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">IFRS 17 has introduced substantial changes in the accounting of insurance contracts with the aim of achieving greater homogeneity and increasing comparability among entities. For this reason, the BBVA Group has developed an accounting policy on insurance contracts under IFRS 17 and an operational guide to govern the calculation process, which seeks to ensure adequate control in the preparation of the aforementioned financial information.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">This note includes a non-exhaustive summary of the main judgments and estimates, as well as the accounting policy options chosen.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Grouping and classification</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group groups insurance contracts taking into account whether they are subject to similar risks and are managed jointly, their profitability or onerousness, and their year of issuance or cohort, grouping by this last criterion the contracts issued in the calendar year, i.e., between January 1 and December 31 of each year. In general, the Group classifies the profitability of contracts into two groups: onerous contracts, and non-onerous contracts or contracts without a significant possibility of becoming onerous5.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Since the Group has chosen the fair value transition approach, for long-term contracts issued prior to the transition date (January 1, 2022), it has not been necessary to aggregate the contracts by previous cohorts. For contracts issued after the transition date, the Group classifies them by year of issuance, and therefore, the Group has not accepted the exception provided for in the adoption of the standard by the European Union on annual cohorts in products with matched cash flows6.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group has evaluated whether a significant insurance risk from another party is accepted in its contracts, agreeing to compensate the holder of the insurance policy if an uncertain future event occurs that affects it adversely. From this evaluation it has been concluded that all the insurance contracts that were under the scope of IFRS 4 meet the definition of insurance contract and therefore, the introduction of IFRS 17 does not imply any reclassification, with the exception of certain insurance products of BBVA Seguros, S.A de Seguros y Reaseguros, which do not transfer significant insurance risk, and therefore, are valued under IFRS 9.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Valuation methods</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group has carried out an analysis of the limits of insurance and reinsurance contracts under IFRS 17, separately, applying the General Model (Building Block Approach) by default to all contracts, except those eligible to be valued by the Simplified Model (Premium Allocation Approach), or the Variable Fee Approach.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The General Model requires that insurance contracts are valued for the total of:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–fulfillment cash flows, which comprise the estimation of future cash flows discounted to reflect the time value of money, the financial risk associated, and a risk adjustment for non-financial risk that would represent the compensation required for the uncertainty associated with the amount and timing of the expected cash flows;</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–and the contractual service margin (CSM), which represents the expected unearned profit from insurance contracts, which will be recognized in the entity’s income statement as the service is provided in the future, instead of being recognized at the time of the estimation.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The amount recognized in the balance sheet for each group of insurance contracts measured under this model comprises the liability for remaining coverage, which includes the aforementioned fulfillment cash flows and margin, and the liability for incurred claims, which includes the cash flows from related to claims that have occurred, but have not been paid, discounted to reflect the time value of money, the financial risk associated with future cash flows, and a risk adjustment for non-financial risk that would represent the compensation required by the uncertainty associated with the amount and timing of the expected cash flows.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group has defined and identified for each group of contracts the hedging units to be used for the release to profit or loss of the contractual service margin, in accordance with IFRS 17, and subsequent interpretations issued by the Transition Resource Group for IFRS 17 and the IFRIC. Furthermore, the Group has chosen the accounting policy option of not changing the treatment of accounting estimates made in previous interim closings.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group used the Simplified Model in the valuation of the liability for remaining coverage of contracts with a coverage period of one year or less, or in those contracts with a duration of more than one year but which are not expected to have a material valuation different from that of the General Model. Under this model, the liability for remaining coverage is made up of the premiums received (collected), less the cash flows for the acquisition of the insurance paid, plus or minus the premiums or expected acquisition cash flows recorded in the income statement, respectively. The income statement recording is carried out on a linear basis throughout the coverage period of the contract, in the event that the accrual of income is also accrued. By default, it has chosen to defer acquisition expenses, although there is an option to recognize such expenses when they are incurred. In turn, the groups of contracts valued under this model have a liability for incurred claims calculated in a manner similar to that of the General Model.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">With regard to the liabilities under insurance and reinsurance contracts held as of January 1, 2023, approximately 92% correspond to long-term commitments valued by the General Model, and the remaining 8% to short-term contracts, which have been valued by the Simplified Model, the same as the ceded reinsurance assets. As of that date, the contracts valued by the Variable Fee Approach represent a residual amount in the Group.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Discount rate</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The methodology used to obtain the discount rate differs according to the entity and portfolio to which it is applied, highlighting mainly the cases of the companies in Spain and Mexico. In the first case, the top-down approach has been mainly applied and it has been verified that the Internal Rate of Return (hereinafter “IRR”) of the entity’s asset portfolio converges with the IRR of a reference portfolio from which the EIOPA (European Insurance and Occupational Pensions Authority) fundamental spread is discounted for. In the second case, the top-down approach has been used for immunized portfolios, eliminating the spread for credit risk through the EIOPA fundamental spread. However, in non-immunized portfolios, the bottom-up approach has been used, using the swap curve as the risk-free curve. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Risk adjustment for non-financial risk</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The risk adjustment for non-financial risk represents the compensation required for bearing uncertainty about the amount and timing of the associated cash flows. To estimate the non-financial risk adjustment, the Group has used its own methodologies based on calculations of the Value at Risk (VaR) of the commitments associated with the Life and Non-Life businesses.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Onerosity</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group has classified the contracts valued under the General Model into onerous groups, considering the fulfillment cash flows, acquisition expenses and any other attributable cash flow. The evaluation is normally carried out contract by contract, except in those cases in which it can be grouped into sets of homogeneous contracts. With contracts valued by the Simplified Model, by default it is assumed that they are not onerous at their initial recognition, unless there are facts and circumstances that indicate otherwise. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In the same way as the contractual service margin, which represents the estimated future benefit of the insurance contract, the loss component is the estimated loss of the contract. The accounting record of these two concepts has a different temporality: while the margin is deferred throughout the duration of the contract according to the contractual limits, the loss component is recognized in the income statement as soon as it is known. Throughout the life of a contract, the assumptions used to project future cash flows may change and, consequently, the expected return on a contract may increase or decrease. This means that a group of contracts initially classified as onerous may become more onerous, or on the contrary, in the subsequent measurement the assumptions used in the cash flows may change so much that the previously recognized loss could be reversed.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Results</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In general, for the presentation of the financial income or expenses from insurance contracts that arise as a result of the change in the discount rate, both due to the effect of the time value of money as well as the effect of financial risk, the Group has chosen the accounting policy option of disaggregating these financial income or expenses from insurance contracts between recording them in the "Net interest income" and "Accumulated other comprehensive income (loss)", in order to minimize accounting asymmetries in the valuation and recognition of financial investments under IFRS 9 and insurance contracts under IFRS 17.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group has chosen to disaggregate the changes in the risk adjustment between financial and non-financial, so that the change in the value of the risk adjustment derived from the effect of the time value of money, and changes in it, is recorded as a financial income or expense from insurance contracts. Insurance revenue is recognized over the period the entity provides insurance coverage, excluding any investment component.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Transition</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Of liabilities under insurance contracts held as of the transition date, January 1, 2022, those corresponding to long-term commitments to which the General Model has been applied, have been valued in transition using the fair value approach, given the impracticability of applying IFRS 17 retroactively, given the disproportionate cost and difficulty of obtaining the historical data necessary to apply a full retrospective approach given the age of these products on the balance sheet and their remaining duration. The fair value approach contemplates the determination of the contractual service margin or the loss component of the liability for remaining coverage, based on the difference between the fair value based on the requirements of IFRS 13 and the present value of the fulfillment cash flows based on IFRS 17. The application of the fair value in transition criteria allows contracts issued more than one year apart to be included in the same group and therefore not to differentiate by cohorts, an option that the Group has opted for. On the other hand, the short-term contracts valued by the Simplified Model, in transition have been valued using the full retrospective approach.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Redesignation of financial assets</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On the date of initial application of IFRS 17, as the BBVA Group was already applying IFRS 9, it has accepted the option of reassessing the classification of financial assets associated with contracts within the scope of IFRS 17, redesignating as of January 1, 2022 certain financial assets previously classified in the portfolio of "Financial assets at amortized cost" to "Financial assets at fair value through other comprehensive income (loss)", considering that the business model that best suits the objectives of the insurance contracts to which these investments are subject is to obtain the contractual cash flows and sell such financial assets (see Appendix III).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Amendments to IAS 1 “Presentation of financial statements” and IAS 8 “Accounting policies, changes in accounting estimates and errors"</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In February 2021 the International Accounting Standards Board (hereinafter “IASB”) issued amendments to this IAS with the aim of improving the quality of the disclosures in relation to the accounting policies applied by the entities with the ultimate aim of providing useful and material information in the financial statements. The amendments to IAS 1 require entities to disclose accounting policies that are material rather than significant accounting policies and provide guidance to help apply the concept of materiality in financial statement disclosures. The amendments to IAS 8 introduce clarifications to distinguish between the concept of accounting estimate and that of accounting policy. The amendments have entered into force on January 1, 2023, with no significant impact on the consolidated financial statements of the BBVA Group.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Amendment IAS 12 – Income taxes </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The IASB issued an amendment to IAS 12 to clarify that entities should recognize deferred tax arising on transactions such as leases or decommissioning obligations. The amendment requires entities to recognize a deferred tax asset and liability separately when the temporary differences arising in the recognition of an asset and a liability are the same, not being possible to apply the initial recognition exception provided for in the standard. The purpose of the amendments has been to reduce the diversity in the presentation of information on deferred taxes in said transactions. The modification has entered into force on January 1, 2023, although its early application was allowed, with no significant impact on the consolidated financial statements of the BBVA Group. </div>Standards and interpretations issued but not yet effective as of June 30, 2023<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The following new International Financial Reporting Standards together with their Interpretations or Modifications had been published at the date of preparation of the Consolidated Financial Statements, which are not mandatory as of June 30, 2023. Although in some cases the IASB allows early adoption before their effective date, the BBVA Group has not proceeded with this option for any such new standards.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Amendment to IFRS 16 "Leases"</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The IASB has issued an amendment to IFRS 16 that clarifies the requirements for sale-and-leaseback transactions. The new requirements established that the seller-lessee shall determine ‘lease payments’ or ‘revised lease payments’ in a way that the seller-lessee would not recognize any amount of the gain or loss that relates to the right of use retained by the seller-lessee. The amendments will be effective for annual reporting periods beginning on or after January 1, 2024, with early application permitted. No significant impact is expected on the BBVA Group´s consolidated financial statements.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Amendment to IAS 12 - International Tax Reform Pillar Two Model Rules</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On December 20, 2021, the OECD published an international tax initiative in which it is articulated a framework of rules (“GloBE -Global Anti-Base Erosion Rules”) for the application of the “Pillar Two Model Rules”, establishing a supplementary tax system that makes the effective rate of taxation of certain multinational groups in certain jurisdiction reach the minimum rate of 15%.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In May 2023, the IASB has published an amendment to IAS 12 to clarify the application of this initiative on the results derived from the tax legislation enacted or substantially enacted in each country to apply the model rules of Pillar Two in which:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•sets a temporary exception to the accounting of deferred taxes in relation to the implementation of the rules of the Pillar 2 model.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•requires qualitative and quantitative disclosures that allow users to understand the entities' exposure to taxes that may arise from this initiative and/or the entity's progress in its implementation.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The European Union has published a Directive incorporating this initiative into European law. As of June 30, 2023, Spain has not yet transposed the national tax legislation. The BBVA Group is working on analyzing the implications derived from this new regulation.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">These amendments to IAS 12 will become effective immediately upon their publication and adoption in the EU.</div> Standards and interpretations that became effective in the first six months of 2023<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Entry into force of IFRS 17 – Insurance contracts</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Initial application</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">IFRS 17 has superseded IFRS 4 as the accounting standard applicable to the recognition, measurement and presentation of contracts that transfer significant insurance risk, based on a model that uses updated assumptions at each reporting period. The Group has applied IFRS 17 to "insurance contracts" as of January 1, 2023. In order to make 2022 information comparable with the information as of and for the six months ended June 30, 2023, 2022 information was adjusted by recording in equity the valuation differences arising from the application of IFRS 17 and IFRS 4, respectively (see Appendix III).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The application of IFRS 17 has not had a significant impact on the consolidated financial statements of the BBVA Group (see Appendix III). The main differences in accounting come from long-term contracts, and have been recorded in accumulated other comprehensive income (loss) and retained earnings. In short-term contracts there are no significant differences in their accounting with respect to the previous situation, nor a significant equity impact in initial application. The impact on the Group of "onerous" products has been not significant.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">During 2022, a generalized neutral effect has been observed in the results, comparing those expressed under IFRS 4 with those restated under IFRS 17, except in specific cases, affecting reserves in the initial application. For its part, the evolution of interest rates during 2022 included, in other accumulated comprehensive income (loss), the net effect of the change in the fair value of the liabilities under insurance and reinsurance contracts and the associated financial assets.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">IFRS 17 has introduced substantial changes in the accounting of insurance contracts with the aim of achieving greater homogeneity and increasing comparability among entities. For this reason, the BBVA Group has developed an accounting policy on insurance contracts under IFRS 17 and an operational guide to govern the calculation process, which seeks to ensure adequate control in the preparation of the aforementioned financial information.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">This note includes a non-exhaustive summary of the main judgments and estimates, as well as the accounting policy options chosen.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Grouping and classification</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group groups insurance contracts taking into account whether they are subject to similar risks and are managed jointly, their profitability or onerousness, and their year of issuance or cohort, grouping by this last criterion the contracts issued in the calendar year, i.e., between January 1 and December 31 of each year. In general, the Group classifies the profitability of contracts into two groups: onerous contracts, and non-onerous contracts or contracts without a significant possibility of becoming onerous5.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Since the Group has chosen the fair value transition approach, for long-term contracts issued prior to the transition date (January 1, 2022), it has not been necessary to aggregate the contracts by previous cohorts. For contracts issued after the transition date, the Group classifies them by year of issuance, and therefore, the Group has not accepted the exception provided for in the adoption of the standard by the European Union on annual cohorts in products with matched cash flows6.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group has evaluated whether a significant insurance risk from another party is accepted in its contracts, agreeing to compensate the holder of the insurance policy if an uncertain future event occurs that affects it adversely. From this evaluation it has been concluded that all the insurance contracts that were under the scope of IFRS 4 meet the definition of insurance contract and therefore, the introduction of IFRS 17 does not imply any reclassification, with the exception of certain insurance products of BBVA Seguros, S.A de Seguros y Reaseguros, which do not transfer significant insurance risk, and therefore, are valued under IFRS 9.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Valuation methods</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group has carried out an analysis of the limits of insurance and reinsurance contracts under IFRS 17, separately, applying the General Model (Building Block Approach) by default to all contracts, except those eligible to be valued by the Simplified Model (Premium Allocation Approach), or the Variable Fee Approach.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The General Model requires that insurance contracts are valued for the total of:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–fulfillment cash flows, which comprise the estimation of future cash flows discounted to reflect the time value of money, the financial risk associated, and a risk adjustment for non-financial risk that would represent the compensation required for the uncertainty associated with the amount and timing of the expected cash flows;</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–and the contractual service margin (CSM), which represents the expected unearned profit from insurance contracts, which will be recognized in the entity’s income statement as the service is provided in the future, instead of being recognized at the time of the estimation.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The amount recognized in the balance sheet for each group of insurance contracts measured under this model comprises the liability for remaining coverage, which includes the aforementioned fulfillment cash flows and margin, and the liability for incurred claims, which includes the cash flows from related to claims that have occurred, but have not been paid, discounted to reflect the time value of money, the financial risk associated with future cash flows, and a risk adjustment for non-financial risk that would represent the compensation required by the uncertainty associated with the amount and timing of the expected cash flows.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group has defined and identified for each group of contracts the hedging units to be used for the release to profit or loss of the contractual service margin, in accordance with IFRS 17, and subsequent interpretations issued by the Transition Resource Group for IFRS 17 and the IFRIC. Furthermore, the Group has chosen the accounting policy option of not changing the treatment of accounting estimates made in previous interim closings.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group used the Simplified Model in the valuation of the liability for remaining coverage of contracts with a coverage period of one year or less, or in those contracts with a duration of more than one year but which are not expected to have a material valuation different from that of the General Model. Under this model, the liability for remaining coverage is made up of the premiums received (collected), less the cash flows for the acquisition of the insurance paid, plus or minus the premiums or expected acquisition cash flows recorded in the income statement, respectively. The income statement recording is carried out on a linear basis throughout the coverage period of the contract, in the event that the accrual of income is also accrued. By default, it has chosen to defer acquisition expenses, although there is an option to recognize such expenses when they are incurred. In turn, the groups of contracts valued under this model have a liability for incurred claims calculated in a manner similar to that of the General Model.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">With regard to the liabilities under insurance and reinsurance contracts held as of January 1, 2023, approximately 92% correspond to long-term commitments valued by the General Model, and the remaining 8% to short-term contracts, which have been valued by the Simplified Model, the same as the ceded reinsurance assets. As of that date, the contracts valued by the Variable Fee Approach represent a residual amount in the Group.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Discount rate</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The methodology used to obtain the discount rate differs according to the entity and portfolio to which it is applied, highlighting mainly the cases of the companies in Spain and Mexico. In the first case, the top-down approach has been mainly applied and it has been verified that the Internal Rate of Return (hereinafter “IRR”) of the entity’s asset portfolio converges with the IRR of a reference portfolio from which the EIOPA (European Insurance and Occupational Pensions Authority) fundamental spread is discounted for. In the second case, the top-down approach has been used for immunized portfolios, eliminating the spread for credit risk through the EIOPA fundamental spread. However, in non-immunized portfolios, the bottom-up approach has been used, using the swap curve as the risk-free curve. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Risk adjustment for non-financial risk</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The risk adjustment for non-financial risk represents the compensation required for bearing uncertainty about the amount and timing of the associated cash flows. To estimate the non-financial risk adjustment, the Group has used its own methodologies based on calculations of the Value at Risk (VaR) of the commitments associated with the Life and Non-Life businesses.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Onerosity</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group has classified the contracts valued under the General Model into onerous groups, considering the fulfillment cash flows, acquisition expenses and any other attributable cash flow. The evaluation is normally carried out contract by contract, except in those cases in which it can be grouped into sets of homogeneous contracts. With contracts valued by the Simplified Model, by default it is assumed that they are not onerous at their initial recognition, unless there are facts and circumstances that indicate otherwise. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In the same way as the contractual service margin, which represents the estimated future benefit of the insurance contract, the loss component is the estimated loss of the contract. The accounting record of these two concepts has a different temporality: while the margin is deferred throughout the duration of the contract according to the contractual limits, the loss component is recognized in the income statement as soon as it is known. Throughout the life of a contract, the assumptions used to project future cash flows may change and, consequently, the expected return on a contract may increase or decrease. This means that a group of contracts initially classified as onerous may become more onerous, or on the contrary, in the subsequent measurement the assumptions used in the cash flows may change so much that the previously recognized loss could be reversed.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Results</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In general, for the presentation of the financial income or expenses from insurance contracts that arise as a result of the change in the discount rate, both due to the effect of the time value of money as well as the effect of financial risk, the Group has chosen the accounting policy option of disaggregating these financial income or expenses from insurance contracts between recording them in the "Net interest income" and "Accumulated other comprehensive income (loss)", in order to minimize accounting asymmetries in the valuation and recognition of financial investments under IFRS 9 and insurance contracts under IFRS 17.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group has chosen to disaggregate the changes in the risk adjustment between financial and non-financial, so that the change in the value of the risk adjustment derived from the effect of the time value of money, and changes in it, is recorded as a financial income or expense from insurance contracts. Insurance revenue is recognized over the period the entity provides insurance coverage, excluding any investment component.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Transition</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Of liabilities under insurance contracts held as of the transition date, January 1, 2022, those corresponding to long-term commitments to which the General Model has been applied, have been valued in transition using the fair value approach, given the impracticability of applying IFRS 17 retroactively, given the disproportionate cost and difficulty of obtaining the historical data necessary to apply a full retrospective approach given the age of these products on the balance sheet and their remaining duration. The fair value approach contemplates the determination of the contractual service margin or the loss component of the liability for remaining coverage, based on the difference between the fair value based on the requirements of IFRS 13 and the present value of the fulfillment cash flows based on IFRS 17. The application of the fair value in transition criteria allows contracts issued more than one year apart to be included in the same group and therefore not to differentiate by cohorts, an option that the Group has opted for. On the other hand, the short-term contracts valued by the Simplified Model, in transition have been valued using the full retrospective approach.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Redesignation of financial assets</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On the date of initial application of IFRS 17, as the BBVA Group was already applying IFRS 9, it has accepted the option of reassessing the classification of financial assets associated with contracts within the scope of IFRS 17, redesignating as of January 1, 2022 certain financial assets previously classified in the portfolio of "Financial assets at amortized cost" to "Financial assets at fair value through other comprehensive income (loss)", considering that the business model that best suits the objectives of the insurance contracts to which these investments are subject is to obtain the contractual cash flows and sell such financial assets (see Appendix III).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Amendments to IAS 1 “Presentation of financial statements” and IAS 8 “Accounting policies, changes in accounting estimates and errors"</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In February 2021 the International Accounting Standards Board (hereinafter “IASB”) issued amendments to this IAS with the aim of improving the quality of the disclosures in relation to the accounting policies applied by the entities with the ultimate aim of providing useful and material information in the financial statements. The amendments to IAS 1 require entities to disclose accounting policies that are material rather than significant accounting policies and provide guidance to help apply the concept of materiality in financial statement disclosures. The amendments to IAS 8 introduce clarifications to distinguish between the concept of accounting estimate and that of accounting policy. The amendments have entered into force on January 1, 2023, with no significant impact on the consolidated financial statements of the BBVA Group.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Amendment IAS 12 – Income taxes </div>The IASB issued an amendment to IAS 12 to clarify that entities should recognize deferred tax arising on transactions such as leases or decommissioning obligations. The amendment requires entities to recognize a deferred tax asset and liability separately when the temporary differences arising in the recognition of an asset and a liability are the same, not being possible to apply the initial recognition exception provided for in the standard. The purpose of the amendments has been to reduce the diversity in the presentation of information on deferred taxes in said transactions. The modification has entered into force on January 1, 2023, although its early application was allowed, with no significant impact on the consolidated financial statements of the BBVA Group. Standards and interpretations issued but not yet effective as of June 30, 2023<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The following new International Financial Reporting Standards together with their Interpretations or Modifications had been published at the date of preparation of the Consolidated Financial Statements, which are not mandatory as of June 30, 2023. Although in some cases the IASB allows early adoption before their effective date, the BBVA Group has not proceeded with this option for any such new standards.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Amendment to IFRS 16 "Leases"</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The IASB has issued an amendment to IFRS 16 that clarifies the requirements for sale-and-leaseback transactions. The new requirements established that the seller-lessee shall determine ‘lease payments’ or ‘revised lease payments’ in a way that the seller-lessee would not recognize any amount of the gain or loss that relates to the right of use retained by the seller-lessee. The amendments will be effective for annual reporting periods beginning on or after January 1, 2024, with early application permitted. No significant impact is expected on the BBVA Group´s consolidated financial statements.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Amendment to IAS 12 - International Tax Reform Pillar Two Model Rules</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On December 20, 2021, the OECD published an international tax initiative in which it is articulated a framework of rules (“GloBE -Global Anti-Base Erosion Rules”) for the application of the “Pillar Two Model Rules”, establishing a supplementary tax system that makes the effective rate of taxation of certain multinational groups in certain jurisdiction reach the minimum rate of 15%.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In May 2023, the IASB has published an amendment to IAS 12 to clarify the application of this initiative on the results derived from the tax legislation enacted or substantially enacted in each country to apply the model rules of Pillar Two in which:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•sets a temporary exception to the accounting of deferred taxes in relation to the implementation of the rules of the Pillar 2 model.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•requires qualitative and quantitative disclosures that allow users to understand the entities' exposure to taxes that may arise from this initiative and/or the entity's progress in its implementation.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The European Union has published a Directive incorporating this initiative into European law. As of June 30, 2023, Spain has not yet transposed the national tax legislation. The BBVA Group is working on analyzing the implications derived from this new regulation.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">These amendments to IAS 12 will become effective immediately upon their publication and adoption in the EU.</div> BBVA Group <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group is an international diversified financial group with a significant presence in retail banking, wholesale banking and asset management. The Group also operates in the insurance sector.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The following information is detailed in the Appendices to the consolidated financial statements of the Group for the year ended December 31, 2022:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:21.26pt;text-align:justify;text-indent:-18pt">–Appendix I shows relevant information related to the consolidated subsidiaries and structured entities.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:21.26pt;text-align:justify;text-indent:-18pt">–Appendix II shows relevant information related to investments in joint ventures and associates accounted for using the equity method.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:21.26pt;text-align:justify;text-indent:-18pt">–Appendix III shows the main changes and notification of investments and divestments in the BBVA Group.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:21.26pt;text-align:justify;text-indent:-18pt">–Appendix IV shows fully consolidated subsidiaries with more than 10% owned by non-Group shareholders.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group’s activities are mainly located in Spain, Mexico, Turkey and South America, with an active presence in other areas of Europe, the United States and Asia (see Note 5).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Significant transactions in the first six months of 2023</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">During the first six months of 2023, no significant operations have been carried out.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Significant transactions in 2022</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Investments</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Announcement of the agreement with Neon Payments Limited</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On February 14, 2022, BBVA announced the agreement with the company “Neon Payments Limited” ("the Company" in this section) for the subscription of 492,692 preference shares, representing approximately 21.7% of its share capital, through a share capital increase and in consideration of approximately USD 300 million (equal to approximately €263 million, using the applicable 1.14 EUR/USD exchange rate as of February 11, 2022). </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Company, which is incorporated and domiciled in the United Kingdom, is the owner of 100% of the shares of the Brazilian company “Neon Pagamentos S.A.”. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of February 14, 2022, BBVA was already the indirect owner of approximately 10.2% of the share capital of the Company through companies where BBVA owns more than 99% of the share capital, As of December 31, 2022, BBVA held, directly and indirectly, approximately 29.2% of the share capital of the Company. Despite owning more than 20% of the share capital, BBVA's ability to influence Neon Payments Limited financial and operating decisions policies is very limited, so the investment is recognized under the heading "Non-trading financial assets mandatorily at fair value through profit or loss".</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Voluntary takeover bid for the entire share capital of Türkiye Garanti Bankası A.Ş (Garanti BBVA)</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On November 15, 2021, BBVA announced a voluntary takeover bid (hereinafter "VTB") addressed to the 2,106,300,000 shares7 not controlled by BBVA, which represented 50.15% of the total share capital of Türkiye Garanti Bankası A.Ş (hereinafter "Garanti BBVA"). BBVA submitted for authorization an application of the VTB to the supervisor of the securities markets in Turkey (Capital Markets Board, hereinafter "CMB") on November 18, 2021.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On March 31, 2022, CMB approved the offer information document and, on the same day, BBVA announced the commencement of the VTB acceptance period on April 4, 2022. On April 25, 2022 BBVA informed of an increase of the cash offer price per Garanti BBVA share from that initially announced (12.20 Turkish lira) to 15.00 Turkish lira.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On May 18, 2022, BBVA announced the finalization of the offer acceptance period, with the acquisition of 36.12% of Garanti BBVA’s share capital. The total amount paid by BBVA was approximately 22,758 million Turkish lira (equivalent to approximately €1,390 million8 including the expenses associated with the transaction and net of the collection of the dividends corresponding to the stake acquired).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The transaction resulted in a capital gain of approximately €924 million (including the impacts after the application of IAS 29, see Note 2.2.19 of the consolidated financial statements of the Group for the year ended December 31, 2022). An amount of €3,609 million was recorded under the heading “Other reserves” and there was a reclassification to “Accumulated other comprehensive income (loss)” corresponding to the 36.12% acquired from minority interests to “Accumulated other comprehensive income (loss)” of the parent company for an amount of €-2,685 million. The total derecognition associated with the transaction of the heading “Minority interests” considering “Other items” and “Accumulated other comprehensive income (loss)” amounted to €-2,541 million.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The percentage of total share capital of Garanti BBVA owned by BBVA (after the completion of the VTB on May 18, 2022) is 85.97%.</div> Shareholder remuneration system<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Annual General Shareholder's Meeting of BBVA held on March 17, 2023, approved, under item 1.3 of the Agenda, a cash distribution against the 2022 results as additional shareholder remuneration for the 2022 fiscal year, for an amount equal to €0.31 (€0.2511 net of withholding tax) per outstanding BBVA share entitled to participate in this distribution, which was paid on April 5, 2023. The total amount paid amounted to €1,860 million (see Note 46). </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Share buyback program</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On March 17, 2023, after receiving the required authorization from the European Central Bank, BBVA announced through an Inside Information notice the execution of a time-scheduled buyback program for the repurchase of own shares in accordance with the provisions of Regulation (EU) No. 596/2014 of the Parliament Commission and Council of April 16, 2014 on market abuse and Commission Delegated Regulation (EU) No. 2016/1052 of March 8, 2016, aimed at reducing BBVA’s share capital by a maximum monetary amount of €422 million. The execution was carried out internally by the Company, executing the trades through BBVA. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">By means of an Other Relevant Information notice dated April 21, 2023, BBVA announced the completion of the share buyback program upon reaching the maximum monetary amount, having acquired 64,643,559 own shares, between March 20 and April 20, 2023, representing, approximately, 1.07% of BBVA's share capital as of said date.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On June 2, 2023, BBVA notified through an Other Relevant Information notice a partial execution of the share capital reduction resolution adopted by the Annual General Shareholders’ Meeting of BBVA held on March 17, 2023, under item 3 of the agenda through the reduction of BBVA’s share capital in a nominal amount of €31,675,343.91 and the consequent redemption, charged to unrestricted reserves, of 64,643,559 own shares of €0.49 par value each acquired derivatively by BBVA in execution of the share buyback program scheme and which were held in treasury shares (see Note 25).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">BBVA requested on July 27, 2023 to the European Central Bank, the correspondent supervisory authorization in order to carry out a buyback program of BBVA shares up to €1,000 million. Its execution, if the authorization requested is finally granted, would be subject to the adoption of the correspondent corporate resolutions and to the communication of the specific terms and conditions of the share buyback program before its execution. This share buyback program would be considered to be an extraordinary shareholder distribution and is therefore not included in the scope of the ordinary distribution policy.</div>

Operating segment reporting<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Operating segment reporting represents a basic tool for monitoring and managing the different activities of the BBVA Group. In preparing the information by operating segment, the starting point is the lowest-level units, which are aggregated in accordance with the organizational structure determined by the Group's Management to create higher-level units and, finally, the reportable operating segments themselves.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of June 30, 2023, the structure of the information by operating segments reported by the BBVA Group remains the same as that of the closing of 2022 financial year.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group's operating areas or segments are summarized below:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–Spain includes mainly the banking, insurance and asset management businesses that the Group carries out in Spain.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–Mexico includes banking, insurance and asset management businesses in this country as well as the activity that BBVA Mexico carries out through its agency in Houston. </div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–Turkey reports the activity of Garanti BBVA group that is mainly carried out in this country and, to a lesser extent, in Romania and the Netherlands. </div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–South America includes banking, financial, insurance and asset management activity that are carried out mainly in Argentina, Chile, Colombia, Peru, Uruguay and Venezuela.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-22.5pt">–Rest of business mainly incorporates the wholesale activity carried out in Europe (excluding Spain), the United States, and the BBVA branches located in Asia.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Corporate Center performs centralized Group functions, including: the costs of the head offices with a corporate function, management of structural exchange rate positions; portfolios whose management is not linked to customer relationships, such as financial and industrial holdings; stakes in Funds & Investment Vehicles in tech companies; certain tax assets and liabilities; funds for employee commitments; goodwill and other intangible assets, as well as the financing of such portfolios and assets.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the BBVA Group’s total assets by operating segments and the Corporate Center as of June 30, 2023 and December 31, 2022, is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Total Group assets by operating segments (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022 ⁽¹⁾</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">452,360</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">427,116</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">164,758</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">142,557</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">67,324</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">66,036</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">67,541</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">61,951</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Business</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">54,242</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">49,952</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Subtotal assets by operating segments</td><td colspan="3" style="background-color:#5ac4c4;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">806,225</td><td colspan="3" style="background-color:#5ac4c4;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">747,613</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Corporate Center and adjustments</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(43,768)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(35,520)</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total assets BBVA Group</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">762,456</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">712,092</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts to that date (see Note 2.1).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The following table sets forth the main margins and profit by operating segment and the Corporate Center for the six months ended June 30, 2023 and 2022:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:28.175%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.231%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Main margins and profit by operating segments (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:middle">Operating Segments</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">BBVA Group</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Spain</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Mexico</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Turkey</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">South America</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Rest of Business</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Corporate Center and adjustments ⁽¹⁾</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"> June 2023</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Net interest income</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11,410</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,544</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,264</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">980</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,503</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">260</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(140)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Gross income</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14,148</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,630</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,774</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,480</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,415</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">565</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(716)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Operating profit /(loss) before tax</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,122</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,821</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,585</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">787</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">780</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">272</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(1,123)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Attributable profit (loss)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,878</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,231</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,614</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">525</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">367</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">212</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,072)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle"> June 2022 ⁽²⁾</td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Net interest income</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,538</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,758</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,686</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,153</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,849</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">155</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(64)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Gross income</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11,417</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,050</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,813</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,335</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,982</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">384</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(147)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Operating profit /(loss) before tax</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,724</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,404</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,446</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">633</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">745</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">162</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(666)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Attributable profit (loss)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,957</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">801</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,781</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">59</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">418</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">128</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(230)</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify">(1) The adjustments include the impact of the purchase of offices in Spain in 2022 from the transaction with Merlin Properties (see Note 16).</div><div style="margin-bottom:10pt;margin-top:3pt;text-align:justify">(2) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts to that date (see Note 2.1).</div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the BBVA Group’s total assets by operating segments and the Corporate Center as of June 30, 2023 and December 31, 2022, is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Total Group assets by operating segments (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022 ⁽¹⁾</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">452,360</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">427,116</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">164,758</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">142,557</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">67,324</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">66,036</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">67,541</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">61,951</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Business</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">54,242</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">49,952</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Subtotal assets by operating segments</td><td colspan="3" style="background-color:#5ac4c4;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">806,225</td><td colspan="3" style="background-color:#5ac4c4;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">747,613</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Corporate Center and adjustments</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(43,768)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(35,520)</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total assets BBVA Group</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">762,456</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">712,092</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts to that date (see Note 2.1).</div>

452360000000

427116000000

164758000000

142557000000

67324000000

66036000000

67541000000

61951000000

54242000000

49952000000

806225000000

747613000000

-43768000000

-35520000000

762456000000

712092000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The following table sets forth the main margins and profit by operating segment and the Corporate Center for the six months ended June 30, 2023 and 2022:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:28.175%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.231%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Main margins and profit by operating segments (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:middle">Operating Segments</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">BBVA Group</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Spain</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Mexico</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Turkey</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">South America</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Rest of Business</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">Corporate Center and adjustments ⁽¹⁾</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"> June 2023</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Net interest income</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11,410</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,544</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,264</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">980</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,503</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">260</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(140)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Gross income</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14,148</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,630</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,774</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,480</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,415</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">565</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(716)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Operating profit /(loss) before tax</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,122</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,821</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,585</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">787</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">780</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">272</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(1,123)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Attributable profit (loss)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,878</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,231</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,614</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">525</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">367</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">212</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,072)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle"> June 2022 ⁽²⁾</td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Net interest income</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,538</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,758</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,686</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,153</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,849</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">155</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(64)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Gross income</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11,417</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,050</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,813</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,335</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,982</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">384</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(147)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Operating profit /(loss) before tax</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,724</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,404</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,446</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">633</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">745</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">162</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(666)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Attributable profit (loss)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,957</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">801</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,781</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">59</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">418</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">128</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(230)</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify">(1) The adjustments include the impact of the purchase of offices in Spain in 2022 from the transaction with Merlin Properties (see Note 16).</div><div style="margin-bottom:10pt;margin-top:3pt;text-align:justify">(2) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts to that date (see Note 2.1).</div>

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Risk managementThe principles and risk management policies, as well as tools and procedures established and implemented in the Group as of June 30, 2023 do not differ significantly from those included in Note 7 of the consolidated financial statements of the Group for the year ended December 31, 2022.Risk factors<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group has processes in place for identifying risks and analyzing scenarios in order to enable the Group to manage risks in a dynamic and proactive way.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The risk identification processes are forward looking to seek the identification of emerging risks and take into account the concerns of both the business areas, which are close to the reality of the different geographical areas, and the corporate areas and senior management.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Risks are identified and measured consistently using the methodologies deemed appropriate in each case. Their measurement includes the design and application of scenario analyses and stress testing and considers the controls to which the risks are subjected. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As part of this process, a forward projection of the Risk Appetite Framework (hereinafter, "RAF") variables in stress scenarios is conducted in order to identify possible deviations from the established thresholds. If any such deviations are detected, measures are taken to seek to keep the variables within the target risk profile. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In this context, there are a number of emerging risks that could affect the evolution of the Group’s business, including the below and those mentioned in Note 7.1 to the consolidated financial statements of the Group for the year ended December 31, 2022: </div>Macroeconomic and geopolitical risks<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group is sensitive to the deterioration of economic conditions or the alteration of the institutional environment of the countries in which it operates, and especially Spain, Mexico and Turkey. Additionally, the Group is exposed to sovereign debt, especially in these geographical areas.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The global economy is currently facing a number of extraordinary challenges. The war in Ukraine and the sanctions from and against Russia have led to significant disruption, instability and volatility in global markets, as well as higher inflation and lower economic growth. The economic effects are being felt mainly through higher commodity prices, mainly of energy commodities, despite the moderation observed in the last months. While the Group’s direct exposure to Ukraine and Russia is limited, the war could adversely affect the Group’s business, financial condition and results of operations.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Geopolitical and economic risks have also increased lately as a result of trade tensions between the United States and China, Brexit, and the rise of populism, among other factors. Growing tensions may lead, among other things, to a deglobalization of the world economy, an increase in protectionism, a general reduction of international trade in goods and services and a reduction in the integration of financial markets, any of which could materially and adversely affect the Group’s business, financial condition and results of operations.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Moreover, the world economy could be vulnerable to other factors such as the aggressive interest rate hikes by central banks due to the high inflationary pressures, which could cause a significant growth slowdown - and, even, a sharp economic recession - as well as episodes of financial stress, such as that recently observed in the banking sector.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The central banks of many developed and emerging economies have significantly increased policy rates over the last year and monetary conditions are likely to remain restrictive for a relatively long period of time. The US Federal Reserve (FED) and the European Central Bank (the ECB) have increased their policy interest rates in an aggressive way. Although uncertainty is high, policy rates (refinancing rates in the case of the ECB) may remain high, around 5.50% in the United States and 4.50% in the Eurozone for a relatively long period of time. Furthermore, the reduction of central bank balance sheets in both regions as well as the recent turmoil in the banking sector are expected to contribute to the monetary tightening process.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group’s results of operations have been affected by the increases in interest rates adopted by central banks in an attempt to tame inflation, contributing to the rise in both interest revenue and interest expenses. In addition, increases in interest rates could adversely affect the Group by reducing the demand for credit, limiting its ability to generate credit for its clients and leading to an increase in the default rate of borrowers and other counterparties.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group is exposed, among others, to the following general risks with respect to the economic and institutional environment in the countries in which it operates: a deterioration in economic activity in the countries in which it operates, including recession scenarios; more persistent inflationary pressures, which could trigger a more severe tightening of monetary conditions; stagflation due to more intense or prolonged supply crises; changes in exchange rates; an unfavorable evolution of the real estate market; very high oil and gas prices, which could have a negative impact on disposable income levels in areas that are net energy importers, such as Spain or Turkey, to which the Group is particularly exposed; changes in the institutional environment of the countries in which the Group operates, which could give rise to sudden and sharp drops in GDP and/or changes in regulatory or government policy, including in terms of exchange controls and restrictions on the distribution of dividends or the imposition of new taxes or charges; growth in the public debt or in the external deficit could lead to a downward revision of the credit ratings of the sovereign debt and even a possible default or restructuring of such debt; and episodes of volatility in the financial markets, which could cause significant losses for the Group. In particular, in Argentina, overall macroeconomic conditions have continued to deteriorate, increasing the risk of economic and financial turbulence before the presidential elections scheduled for the last quarter of the year. Further, political uncertainty in Spain, where the recent general elections revealed a fragmented political landscape, could have a potential impact on Spain’s economy.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Any of these factors may have a significant adverse impact on the Group’s business, financial condition and results of operations.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:18pt;text-align:justify;text-indent:-17.85pt">–Risks relating to the political, economic and social conditions in Turkey</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In May 2022, the Group increased its shareholding stake in Garanti BBVA (Turkey) from 49.85% to 85.97% following the completion of a voluntary takeover bid (see Note 3).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">There are incipient signs of changes in the economic policy, in general, and monetary policy, in particular, since the general elections held in May 2023, which point to a gradual correction of the current macroeconomic distortions, especially the high external financing needs. Nonetheless, the situation remains unstable, characterized by a strong depreciation of the Turkish lira, high inflation, a significant trade deficit, depletion of the central bank’s foreign reserves and high external financing costs. The recent earthquakes of February 2023 have deepened Turkey's economic struggles. In addition to the vast human losses, the earthquakes and the government response thereto have pressured the inflation as well as the external and tax balances. Continuing unfavorable economic conditions in Turkey may result in a potential deterioration in the purchasing power and creditworthiness of our clients (both individual and corporate). In addition, the low interest rates set by the Turkish central bank in a context of high inflation (despite the recent increase of rates), the policies affecting the banking sector and currency depreciation have affected and may continue to affect the Group’s results.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Additionally, certain geopolitical factors, such as the war in Ukraine and other regional conflicts, and internal political developments, generate uncertainty about the evolution of the economy and could trigger scenarios of greater instability.</div>There can be no assurance that these and other factors will not have an impact on Turkey and will not cause further deterioration of the Turkish economy, which may have a material adverse effect on the Turkish banking sector and the Group’s business, financial condition and results of operations in Turkey.Regulatory and reputational risks<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Financial institutions are exposed to a complex and ever-changing regulatory environment defined by governments and regulators. Regulatory activity in recent years has affected multiple areas, including changes in accounting standards; strict regulation of capital, liquidity and remuneration; bank charges (such as the new tax for banks recently implemented in Spain, see Note 36) and taxes on financial transactions; regulations affecting mortgages, banking products and consumers and users; recovery and resolution measures; stress tests; prevention of money laundering and terrorist financing; market abuse; conduct in the financial markets; anti-corruption; and requirements as to the periodic publication of information. Governments, regulatory authorities and other institutions continually make proposals to strengthen the resistance of financial institutions to future crises. Further, there is an increasing focus on the climate-related financial risk management capabilities of banks. Any change in the Group’s business that is necessary to comply with any particular regulations at any given time, especially in Spain, Mexico or Turkey, could lead to a considerable loss of income, limit the Group’s ability to identify business opportunities, affect the valuation of its assets, force the Group to increase its prices and, therefore, reduce the demand for its products, impose additional costs on the Group or otherwise adversely affect its business, financial condition and results of operations.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The financial sector is under ever closer scrutiny by regulators, governments and society itself. In the course of activities, situations which might cause relevant reputational damage to the Group could arise and might affect the regular course of its business.</div>New business and operational risks and legal risks<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">New technologies and forms of customer relationships: Developments in the digital world and in information technologies pose significant challenges for financial institutions, entailing threats (new competitors, disintermediation, etc.) but also opportunities (new framework of relations with customers, greater ability to adapt to their needs, new products and distribution channels, etc.). Digital transformation is a priority for the Group as it aims to lead digital banking of the future as one of its objectives. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Technological risks and security breaches: The Group is exposed to new threats such as cyber-attacks, theft of internal and customer databases, fraud in payment systems, etc. that require major investments in security from both the technological and human point of view. The Group gives great importance to the active operational and technological risk management and control. Any attack, failure or deficiency in the Group’s systems could, among other things, lead to the misappropriation of funds of the Group’s clients or the Group itself and the unauthorized disclosure, destruction or use of confidential information, as well as prevent the normal operation of the Group and impair its ability to provide services and carry out its internal management. In addition, any attack, failure or deficiency could result in the loss of customers and business opportunities, damage to computers and systems, violation of regulations regarding data protection and/or other regulations, exposure to litigation, fines, sanctions or interventions, loss of confidence in the Group’ s security measures, damage to its reputation, reimbursements and compensation, and additional regulatory compliance expenses and could have a significant adverse impact on the Group’ s business, financial condition and results of operations.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Legal risks: The financial sector faces an environment of increasing regulatory and litigious pressure, and thus, the various Group entities are frequently party to individual or collective judicial proceedings (including class actions) resulting from their activity and operations, as well as arbitration proceedings. The Group is also party to government procedures and investigations, such as those carried out by the antitrust authorities in certain countries which, among other things, have in the past and could in the future result in sanctions, as well as lead to claims by customers and others. In addition, the regulatory framework, in the jurisdictions in which the Group operates, is evolving towards a supervisory approach more focused on the opening of sanctioning proceedings while some regulators are focusing their attention on consumer protection and behavioral risk. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In Spain and in other jurisdictions where the Group operates, legal and regulatory actions and proceedings against financial institutions, prompted in part by certain judgments in favor of consumers handed down by national and supranational courts (with regards to matters such as credit cards and mortgage loans), have increased significantly in recent years and this trend could continue in the future. Legal and regulatory actions and proceedings faced by other financial institutions in relation to these and other matters, especially if such actions or proceedings result in favorable resolutions for the consumer, could also adversely affect the Group.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">All of the above may result in a significant increase in operating and compliance costs or even a reduction of revenues, and it is possible that an adverse outcome in any proceedings (depending on the amount thereof, the penalties imposed or the procedural or management costs for the Group) could damage the Group's reputation, generate a knock-on effect or otherwise adversely affect the Group.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">It is difficult to predict the outcome of legal and regulatory actions and proceedings, both those to which the Group is currently exposed and those that may arise in the future, including actions and proceedings relating to former Group subsidiaries or in respect of which the Group may have indemnification obligations. Any of such outcomes could be significantly adverse to the Group. In addition, a decision in any matter, whether against the Group or against another credit entity facing similar claims as those faced by the Group, could give rise to other claims against the Group. In addition, these actions and proceedings attract resources from the Group and may occupy a great deal of attention on part of the Group's management and employees.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of June 30, 2023, the Group had €686 million in provisions for the proceedings it is facing (included in the line "Provisions for taxes and other legal contingencies" in the consolidated balance sheet) (see Note 23), of which €519 million correspond to legal contingencies and €167 million to tax related matters. However, the uncertainty arising from these proceedings (including those for which no provisions have been made, either because it is not possible to estimate them or for other reasons) makes it impossible to guarantee that the possible losses arising from these proceedings will not exceed, where applicable, the amounts that the Group currently has provisioned and, therefore, could affect the Group's consolidated results in a given period.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As a result of the above, legal and regulatory actions and proceedings currently faced by the Group or to which it may become subject in the future or which may otherwise affect the Group, whether individually or in the aggregate, if resolved in whole or in part adversely to the Group's interests, could have a material adverse effect on the Group’s business, financial condition and results of operations.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Spanish judicial authorities are investigating the activities of Centro Exclusivo de Negocios y Transacciones, S.L. (Cenyt). Such investigation includes the provision of services by Cenyt to the Bank. On July 29, 2019, the Bank was named as an investigated party (investigado) in a criminal judicial investigation (Preliminary Proceeding No. 96/2017 – Piece No. 9, Central Investigating Court No. 6 of the National High Court) for alleged facts which could be constitutive of bribery, revelation of secrets and corruption. On February 3, 2020, the Bank was notified by the Central Investigating Court No. 6 of the National High Court of the order lifting the secrecy of the proceedings. Certain current and former officers and employees of the Group, as well as former directors, have also been named as investigated parties in connection with this investigation. The Bank has been and continues to be proactively collaborating with the Spanish judicial authorities, including sharing with the courts information obtained in the internal investigation hired by the entity in 2019 to contribute to the clarification of the facts. As of the date of the preparation of the Consolidated Financial Statements, no formal accusation against the Bank has been made. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">This criminal judicial proceeding is in the pre-trial phase. Therefore, it is not possible at this time to predict the scope or duration of such proceeding or any related proceeding or its or their possible outcomes or implications for the Group, including any fines, damages or harm to the Group’s reputation caused thereby.</div>Credit riskCredit risk arises from the probability that one party to a financial instrument will fail to meet its contractual obligations for reasons of insolvency or inability to pay and cause a financial loss for the other party. The general principles governing credit risk management in the BBVA Group, as well as the credit risk management in the Group as of June 30, 2023 do not differ significantly from those included in Note 7 of the consolidated financial statements of the Group for the year ended December 31, 2022.Support measures<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Since the beginning of the pandemic, the Group offered COVID-19 support measures to its customers in all the geographical areas where it operates, consisting of both deferrals on existing loans and new public-guaranteed lending. Deferral support schemes have expired in all geographical areas. The measures adopted in 2022 which remain in force in 2023, relate to new government-guaranteed loans in Spain and Peru:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Spain:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–The Official Credit Institute (ICO by its Spanish acronym) published several support programs aimed at the self-employed, small and medium-sized enterprises and companies, through which a guarantee of between 60% and 80% was granted by the ICO (RDL Mar/2020, RDL Nov/2020, RDL 5/2021 and the Code of Good Practices).</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–In March, 2022, the Council of Ministers agreed to modify the Code of Good Practices to make access conditions to aid more flexible given the difficulties of clients, which are facing sharp increases in costs due to their special exposure to tensions in the prices of energy and other raw materials.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–As an additional measure of the Code of Good Practices, the Council of Ministers approved the agreement to establish the possibility of term extensions of ICO financing given to self-employed and companies, after June 30, 2022, after the expiry of the Temporary Framework of state support approved by the European Commission.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In addition, in March 2022, the Council of Ministers (RDL 6/2022) approved a line of financing with public guarantees of 70% and 80% of the principal amount for self-employed and enterprises in order to alleviate the liquidity tensions due to increases in energy prices and raw materials, available until December 2023.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Finally, on November 23, 2022, the Royal Decree-Law 19/2022, of November 22, was published. It amends the Code of Good Practices, establishes a new Code of Good Practices, regulated by Royal Decree Law 6/2012, easing the impact of interest rates hikes on mortgage loans agreements related to primary residences and provides for other structural measures aiming to ease access to lending. In November 30, 2022, the BBVA Board of Directors agreed the adherence to the new Code of Good Practices with effect from January 1, 2023. As of the date of the preparation of these consolidated financial statements herein, the number and amount of the transactions granted to clients in accordance with the new Code of Good Practices have been low.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Peru:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–There were public support programs such as Reactiva, Crecer or FAE aimed at companies and micro-enterprises providing a public guarantee ranging from 60% to 98% of the principal amount of loans, depending on the program and the type of company.</div>–In the framework of Emergency Order 023-2023, the Executive Power extended for three more months (until September 30, 2023) the validity and the deadline for the reprogramming of the Reactiva program, which expired in June 2023. The purpose of this measure is to help those companies that have not yet recovered from the economic lossesCredit risk exposure<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In accordance with IFRS 7 “Financial Instruments: Disclosures”, the BBVA Group’s credit risk exposure by headings in the consolidated balance sheets as of June 30, 2023 and December 31, 2022 is provided below. It does not consider the loss allowances and the availability of collateral or other credit enhancements to ensure compliance with payment obligations. The details are broken down by category of financial instruments:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:56.064%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.371%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.066%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.301%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Maximum credit risk exposure (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 3</td></tr><tr><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading </td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">102,376</td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,247</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33,999</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,129</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,019</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,432</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">313</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">274</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets designated at fair value through profit or loss</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,004</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives (trading and hedging) </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">60,371</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,115</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,254</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">62,835</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">61,981</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">834</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">21</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">450,181</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">403,998</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">32,363</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,819</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">44,868</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">44,539</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">296</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,753</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,753</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">17,611</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">17,574</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">37</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">380,949</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">335,133</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">32,030</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,787</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Total financial assets risk</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">686,066</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Total loan commitments and financial guarantees</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">210,578</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">201,767</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,742</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,069</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">155,009</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">149,846</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,999</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">164</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial guarantees given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">16,007</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,031</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">743</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">233</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">39,561</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">36,890</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,999</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">672</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total maximum credit exposure</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">896,643</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:54.832%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.371%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.300%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Maximum credit risk exposure (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 3</td></tr><tr><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading </td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">70,763</td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,404</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">24,367</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">41,993</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,888</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,511</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">129</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">247</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets designated at fair value through profit or loss</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives (trading and hedging) </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">53,101</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">65,497</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,198</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,273</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">63,425</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">822</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">425,803</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">378,407</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33,873</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,523</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">36,730</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">36,463</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">237</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">30</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,420</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,420</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">16,066</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,997</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">368,588</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">321,528</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33,568</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,493</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Total financial assets risk</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">622,965</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Total loan commitments and financial guarantees</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">192,568</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">181,427</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">9,993</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,147</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">136,920</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">130,459</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,283</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">177</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial guarantees given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">16,511</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,214</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,015</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">281</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">39,137</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">35,753</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,695</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">689</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total maximum credit exposure</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">815,533</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown by geographical area and stage of the maximum credit risk exposure, the accumulated allowances recorded and the carrying amount of the loans and advances to customers at amortized cost as of June 30, 2023 and December 31, 2022 is shown below:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:10.148%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.307%"></td><td style="width:0.1%"></td></tr><tr><td colspan="39" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle"> June 2023 (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="12" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Gross exposure</td><td colspan="12" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Accumulated allowances</td><td colspan="12" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Carrying amount</td></tr><tr><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Stage 3</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Stage 3</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Stage 3</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Spain ⁽¹⁾</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">212,447</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">187,043</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">17,650</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">7,754</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(4,626)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(444)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(653)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(3,529)</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">207,821</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">186,599</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">16,997</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,225</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Mexico</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">86,572</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">78,237</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">6,106</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2,229</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(2,879)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,138)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(586)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,155)</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">83,693</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">77,099</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5,520</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,074</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Turkey ⁽²⁾</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">37,440</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">31,591</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">4,013</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,836</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,767)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(165)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(401)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,201)</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">35,673</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">31,426</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3,612</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">635</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">South America ⁽³⁾</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">43,446</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">37,240</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,249</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,958</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,907)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(316)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(380)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,212)</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">41,539</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">36,924</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,869</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">746</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Others </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,044</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">10</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(9)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(8)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,035</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">11</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total ⁽⁴⁾</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">380,949</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">335,133</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">32,030</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">13,787</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">(11,188)</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">(2,063)</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">(2,020)</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">(7,105)</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">369,761</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">333,069</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">30,010</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">6,682</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Of which: individual</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,796)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(14)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(545)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,238)</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Of which: collective</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(9,392)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(2,050)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,476)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(5,867)</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Spain includes all the countries where BBVA, S.A. operates.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(2) Turkey includes all the countries in which Garanti BBVA operates.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(3) In South America, BBVA Group operates in Argentina, Colombia, Peru and Uruguay. </div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(4) The amount of the accumulated impairment includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation (PPA) and were originated mainly in the acquisition of Catalunya Banc S.A. (as of June 30, 2023, the remaining balance was €162 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the instrument or applied as allowances in the value of the financial instrument when the losses materialize.</div><div style="margin-bottom:3pt;margin-top:10pt;padding-left:0.56pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:10.148%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.295%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.307%"></td><td style="width:0.1%"></td></tr><tr><td colspan="39" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">December 2022 (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Gross exposure</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Accumulated allowances</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="9" style="border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Carrying amount</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 3</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 3</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 3</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Spain ⁽¹⁾</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">214,066</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">186,977</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">19,621</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">7,468</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(4,860)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(518)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(759)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(3,583)</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">209,206</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">186,459</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">18,862</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3,885</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Mexico</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">73,729</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">66,448</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5,342</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,939</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(2,496)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(955)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(475)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,066)</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">71,233</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">65,494</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">4,866</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">873</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Turkey ⁽²⁾</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">39,547</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">32,755</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">4,436</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2,356</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(2,105)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(224)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(358)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,523)</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">37,443</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">32,531</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">4,078</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">833</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">South America ⁽³⁾</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">40,199</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">34,312</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">4,166</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,721</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">(1,768)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">(318)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">(345)</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">(1,105)</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">38,431</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">33,994</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3,821</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">615</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Others </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,047</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,035</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">9</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(8)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(7)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,039</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,035</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total ⁽⁴⁾</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">368,588</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">321,528</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">33,568</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">13,493</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(11,237)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(2,014)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,938)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(7,284)</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">357,351</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">319,513</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">31,629</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">6,208</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Of which: individual</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(2,164)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(21)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(604)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,539)</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Of which: collective</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(9,073)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,994)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(1,334)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(5,745)</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Spain includes all the countries where BBVA, S.A. operates.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(2) Turkey includes all the countries in which Garanti BBVA operates.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(3) In South America, the BBVA Group operates in Argentina, Colombia, Peru and Uruguay.</div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(4) The amount of the accumulated impairment includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation (PPA) and were originated mainly in the acquisition of Catalunya Banc S.A. (as of December 31, 2022, the remaining balance was €190 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the instrument or applied as allowances in the value of the financial instrument when the losses materialize.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown by counterparty and product of the maximum credit risk exposure, the accumulated allowances recorded, as well as the carrying amount by type of product, classified in different headings of the assets as of June 30, 2023 and December 31, 2022 is shown below:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:23.091%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.679%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#e9e9e9;border-left:0.25pt solid #ffffff;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle"> June 2023 (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Central banks</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">General governments</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Credit institutions</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Other financial corporations</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Households</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Gross carrying amount</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">On demand and short notice</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">6</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">250</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1,939</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">869</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3,064</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3,198</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Credit card debt</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">3</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2,025</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">19,418</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">21,447</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">22,807</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial debtors</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1,046</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">60</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">620</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">21,111</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">47</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">22,884</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">23,060</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Finance leases</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">243</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">13</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">8,524</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">312</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">9,091</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">9,338</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Reverse repurchase loans</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">664</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,200</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">102</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,966</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,989</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other term loans</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">3,483</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">21,376</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">4,330</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">8,494</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">131,254</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">146,383</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">315,320</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">324,562</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Advances that are not loans</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2,586</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1,065</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">6,013</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">3,339</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1,256</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">341</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">14,600</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">14,659</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">LOANS AND ADVANCES</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">6,734</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">23,736</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">17,603</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">12,821</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">166,109</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">167,369</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">394,371</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">405,613</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">By secured loans</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: mortgage loans collateralized by immovable property</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">301</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">316</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">24,475</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">95,758</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">120,851</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">123,747</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: other collateralized loans</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">630</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">6,117</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">6,738</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">504</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">9,898</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2,517</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">26,403</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">26,757</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">By purpose of the loan</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: credit for consumption</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">56,629</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">56,629</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">60,568</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: lending for house purchase</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">96,389</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">96,389</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">97,853</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">By subordination</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: project finance loans</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,607</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,607</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">8,215</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:23.091%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.679%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">December 2022 (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">General governments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Credit institutions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Other financial corporations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Households</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Gross carrying amount</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">On demand and short notice</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">6</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">352</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2,810</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">933</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,101</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,266</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Credit card debt</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2,029</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">16,865</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">18,898</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">19,985</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial debtors</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,021</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">24</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">370</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">24,510</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">85</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">26,011</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">26,254</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Finance leases</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">195</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">13</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8,040</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">322</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8,571</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8,857</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Reverse repurchase loans</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">302</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5,251</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">102</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5,655</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5,674</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Other term loans</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3,802</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">19,438</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">4,009</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7,995</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">126,949</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">139,925</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">302,118</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">311,553</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Advances that are not loans</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">296</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">232</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">6,772</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3,930</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,256</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">217</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12,702</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12,758</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">LOANS AND ADVANCES</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,401</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">20,892</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">16,057</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">12,765</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">165,593</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">158,348</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">378,056</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">389,347</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">By secured loans</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: mortgage loans collateralized by immovable property</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">297</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">337</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">23,970</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">95,056</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">119,659</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">122,719</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: other collateralized loans</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">498</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,382</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,073</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">548</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,635</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,209</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">20,345</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">20,675</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">By purpose of the loan</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: credit for consumption</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">51,344</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">51,344</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">54,718</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: lending for house purchase</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">95,249</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">95,249</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">96,716</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">By subordination</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: project finance loans</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,942</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,942</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,530</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The value of guarantees received as of June 30, 2023 and December 31, 2022, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Guarantees received (Millions of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:bottom"> June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:bottom">December 2022</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:bottom">Value of collateral</td><td colspan="3" style="border-top:0.25pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">131,494</td><td colspan="3" style="border-top:0.25pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">125,963</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: guarantees normal risks under special monitoring</td><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt;text-align:right;vertical-align:middle">12,138</td><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt;text-align:right;vertical-align:middle">12,826</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: guarantees impaired risks</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,696</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,440</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Value of other guarantees</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">52,586</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">40,050</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: guarantees normal risks under special monitoring</td><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt;text-align:right;vertical-align:middle">4,683</td><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt;text-align:right;vertical-align:middle">4,963</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: guarantees impaired risks</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,086</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">984</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total value of guarantees received</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">184,081</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">166,013</td></tr></table></div>Impaired secured loans <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of loans and advances, within the heading “Financial assets at amortized cost”, including their gross carrying amount, impaired loans and advances, and accumulated impairment, by counterparties as of June 30, 2023 and December 31, 2022, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:40.167%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.584%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle"> June 2023 (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Gross carrying amount</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Impaired loans and advances</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Accumulated impairment </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Impaired loans and advances as a % of the total</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">6,753</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(19)</td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">23,760</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">31</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(25)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">17,611</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(34)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12,851</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(30)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">170,722</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,679</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(4,783)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Households</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">173,615</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,063</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(6,350)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">LOANS AND ADVANCES</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">405,313</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">13,787</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(11,241)</td><td colspan="2" style="background-color:#5AC4C4;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.4 </td><td style="background-color:#5AC4C4;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:40.167%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.584%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">December 2022 (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Gross carrying amount</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Impaired loans and advances</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Accumulated impairment </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Impaired loans and advances as a % of the total</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,420</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">(19)</td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">20,922</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">38</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(30)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">16,066</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(35)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12,802</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">17</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(37)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">170,929</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">6,340</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(5,495)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Households</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">163,936</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7,098</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(5,675)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">LOANS AND ADVANCES</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">389,073</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">13,493</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(11,291)</td><td colspan="2" style="background-color:#5AC4C4;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.5 </td><td style="background-color:#5AC4C4;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The changes during the six months ended June 30, 2023, and the year ended December 31, 2022 of impaired financial assets (financial assets and guarantees given) are as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Changes in impaired financial assets and guarantees given (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the beginning </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">14,521</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">15,467</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Additions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,132</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,084</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Decreases ⁽¹⁾</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(2,886)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(5,742)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Net additions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,247</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,342</td></tr><tr><td colspan="3" style="border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:left;vertical-align:bottom">Amounts written-off</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:right;vertical-align:middle">(1,958)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:right;vertical-align:middle">(2,771)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Exchange differences and other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(64)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(517)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the end </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14,746</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14,521</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Reflects the total amount of impaired loans derecognized from the consolidated balance sheet throughout the period as a result of monetary recoveries as well as mortgage foreclosures and real estate assets received in lieu of payment.</div>Measurement of Expected Credit Loss (ECL)<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of June 30, 2023, the models for calculating expected losses used by the Group to prepare the attached Consolidated Financial Statements do not differ significantly from those detailed in Note 7 to the consolidated financial statements of the Group for the year ended December 31, 2022, except for the application of the new scenarios derived from the macroeconomic and geopolitical situation in the first half of 2023. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">BBVA Research forecasts a maximum of five years for the macroeconomic variables. The following estimates for the next five years of the Gross Domestic Product (GDP) growth, of the unemployment rate and of the House Price Index (HPI), for the most relevant countries where it represents a significant factor, are determined by BBVA Research and have been used at the time of the calculation of the ECL as of June 30, 2023:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:9.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.613%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.761%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.990%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.613%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.915%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.618%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:bottom">Positive scenario of GDP, unemployment rate and HPI for the main geographical areas</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Spain</td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Mexico</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Turkey</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.04%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">11.03%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(0.77)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.28%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.77%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.27%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">8.42%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">8.89%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.59%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.12%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.00%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.40%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.53%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.13%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">4.37%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.74%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.94%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.86%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.21%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.37%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.40%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">4.14%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.91%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.94%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.84%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.63%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.21%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.17%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.47%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.55%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.82%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.27%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.52%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.75%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.27%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.05%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.54%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.88%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.75%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.30%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.24%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.09%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.93%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.98%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.41%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.92%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.66%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.32%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:5.525%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.465%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Peru</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Argentina</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Colombia</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">4.22%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.94%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.30%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">7.43%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.55%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.57%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">4.44%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.54%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.90%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.43%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.36%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.10%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.64%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.69%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.41%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.34%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.29%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.20%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.49%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.60%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.43%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.96%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.24%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.42%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.64%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.22%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.16%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.67%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.29%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.42%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.13%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.11%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.40%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.52%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:7.836%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.459%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.459%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.080%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:bottom">Estimate of GDP, unemployment rate and HPI for the main geographical areas</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Spain</td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Mexico</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Turkey</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.42%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">12.23%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(2.17)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.42%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.88%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.33%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">4.50%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.10%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.11%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.73%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(0.61)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.76%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.72%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.01%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.05%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.13%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.86%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.67%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.27%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.56%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">4.04%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.75%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.55%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.83%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.20%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.79%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.14%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.61%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.59%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.70%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.50%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.52%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.13%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.82%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.04%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.67%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.86%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.62%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.50%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.24%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.33%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.47%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.96%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.53%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.90%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.54%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.50%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:7.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.156%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Peru</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Argentina</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Colombia</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.58%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">7.08%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(3.50)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">8.28%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.16%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.76%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.65%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.78%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(2.00)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.39%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.49%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.70%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.50%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.15%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.58%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.20%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.68%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.50%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.95%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.96%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.53%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.60%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.50%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.70%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.16%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.92%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.29%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.60%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.00%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.60%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.39%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.58%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:7.990%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.915%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.148%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.771%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:bottom">Negative scenario of GDP, unemployment rate and HPI for the main geographical areas</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Spain</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Mexico</td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Turkey</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.82%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">13.39%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(3.59)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.59%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.01%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.33%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.51%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">11.29%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.65%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">13.28%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(2.02)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.11%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.91%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">5.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(0.58)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.57%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.77%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.05%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.08%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.18%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.72%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.85%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.62%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.20%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.77%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.14%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.09%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.75%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.51%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.61%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.73%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.79%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.06%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.99%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.85%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.55%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.67%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.21%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.83%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.72%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.92%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.67%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.90%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.47%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.66%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:6.164%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.361%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Peru</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Argentina</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Colombia</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(1.06)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">7.22%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(8.25)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">9.09%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(0.24)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.96%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.86%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.02%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(5.28)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.49%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.56%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.67%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.93%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.29%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.88%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.85%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.20%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.89%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.37%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.45%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.96%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.80%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.34%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.17%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.16%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.21%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.29%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.85%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.09%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.39%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.65%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Sensitivity to macroeconomic scenarios</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">A sensitivity exercise has been carried out on the expected losses due to variations in the key hypotheses as they are the ones that introduce the greatest uncertainty in estimating such losses. As a first step, GDP and the House Price Index have been identified as the most relevant variables. These variables have been subjected to shocks of +/- 100 bps in their entire window with impact of the macro models. Independent sensitivities have been assessed, under the assumption of assigning a 100% probability to each determined scenario with these independent shocks.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Variation in expected loss is determined both by re-staging (that is: in worse scenarios due to the recognition of lifetime credit losses for additional operations that are transferred to stage 2 from stage 1 where 12 months of losses are valued; or vice versa in improvement scenarios) as well as variations in the collective risk parameters (PD and LGD) of each financial instrument due to the changes defined in the macroeconomic forecasts of the scenario. The variation in the expected loss for the Group and the main portfolios and geographical areas is shown below:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.082%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.164%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.082%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.090%"></td><td style="width:0.1%"></td></tr><tr><td colspan="42" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Expected loss variation as of June 2023 ⁽¹⁾</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle">BBVA Group</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">Spain</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">Mexico</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">Turkey</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Total Portfolio</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Retail</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Companies</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Debt securities</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Total Portfolio</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Companies</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Retail</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Total Portfolio</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Companies</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Retail</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Total Portfolio</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Companies</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Retail</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">-100 bps</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">238</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">165</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">66</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">5</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">118</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">56</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">60</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">79</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">3</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">74</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">23</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">15</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">+100 bps</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(206)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(147)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(51)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(5)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(92)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(41)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(49)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(75)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(3)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(70)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(20)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(7)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(12)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Housing price</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">-100 bps</td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">26</td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">3</td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">+100 bps</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(1)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(25)</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(3)</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Last available data as of May 31, 2023.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Additional adjustments to expected losses measurement </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">To estimate expected losses, what is described in Note 7 of the 2022 consolidated financial statements on individual and collective estimates of expected losses must be taken into account, as well as macroeconomic estimates.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group periodically reviews its individual estimates and its models for the collective estimate of expected losses as well as the effect of macroeconomic scenarios on them. In addition, the Group may supplement the expected losses to account for the effects that may not be included, either by considering additional risk factors, or by the incorporation of sectorial particularities or particularities that may affect a set of operations or borrowers, following a formal internal approval process established for this purpose.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Thus, in Spain, during 2021 and 2022, the Loss Given Default (LGD) of certain specific operations considered unlikely to pay was reviewed upwards, with a remaining adjustment as of June 30, 2023 of €388 million, without significant variation since the end of the year 2022. In addition, due to the earthquakes that affected an area in the south of Turkey, during the month of February 2023 the classification of the credit exposure recorded in the five most affected cities was reviewed, which led to its reclassification to Stage 2. As of June 30, 2023 the amounts recorded in Stage 2 were €472 million on-balance sheet and €478 million off-balance sheet, with allowances for losses of approximately €56 million at contract level.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On the other hand, the complementary adjustments pending allocation to specific operations or customers that are in force as of June 30, 2023 total €158 million, of which €60 million correspond to BBVA, S.A., €85 million to Mexico, €2 million to Peru, €8 million to Colombia and €2 million to Chile. Compared to December 31, 2022, the complementary adjustments pending allocation to specific operations or customers totaled €302 million, of which €170 million correspond to BBVA, S.A., €92 million to Mexico, €25 million to Peru, €11 million to Colombia and €5 million to Chile.</div>Loss allowances<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Below are the changes in the six months ended June 30, 2023, and the year ended December 31, 2022 in the loss allowances recognized on the condensed consolidated balance sheets to cover the estimated impairment or reversal of impairment on loans and advances of financial assets at amortized cost:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Changes in loss allowances of loans and advances at amortized cost (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the beginning of the period </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(11,291)</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(11,142)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Increase in loss allowances charged to income</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,681)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,288)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 1</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(833)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,556)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 2</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,080)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,443)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 3</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,768)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,289)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Decrease in loss allowances charged to income</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,795 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,891 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 1</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">730 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,342 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 2</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">747 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,213 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 3</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,319 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,336 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Transfer to written-off loans, exchange differences and other</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,935 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,248 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle"> Closing balance</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(11,241)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(11,291)</td></tr></table></div>Liquidity and funding risk<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Liquidity and funding management at BBVA aims to finance the recurring growth of the banking business at suitable maturities and costs using a wide range of instruments that provide access to a large number of alternative sources of financing. BBVA's business model, risk appetite framework and funding strategy are designed to reach a solid funding structure based on stable customer deposits, mainly retail (granular). As a result of this model, deposits have a high degree of assurance in each geographical area, close to 60% in Spain and Mexico. In this regard, it is important to note that, given the nature of BBVA's business, lending is mainly financed through stable customer funds.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">One of the key elements in the BBVA Group's liquidity and funding management is the maintenance of large high-quality liquidity buffers in all geographical areas. In this respect, the Group has maintained during the last 12 months an average volume of high quality liquid assets (HQLA) of €138.1 billion, of which 96% corresponds to maximum quality assets (level 1 in the liquidity coverage ratio, LCR).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Due to its subsidiary-based management model, BBVA is one of the few major European banks that follows the Multiple Point of Entry (MPE) resolution strategy: the parent company sets the liquidity policies, but the subsidiaries are self-sufficient and responsible for managing their own liquidity and funding (taking deposits or accessing the market with their own rating). This strategy limits the spread of a liquidity crisis among the Group's different areas so that the cost of liquidity and financing is correctly reflected in the price formation process.</div><div style="text-align:justify">The BBVA Group maintains a stable liquidity position in every geographical area in which it operates, with ratios well above the minimum required:</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–LCR requires banks to maintain a volume of high-quality liquid assets sufficient to withstand liquidity stress for 30 days. BBVA Group's consolidated LCR remained comfortably above 100% during 2022 and stood at 148% as of June 30, 2023. It should be noted that, given the MPE nature of BBVA, this ratio limits the numerator of the LCR for subsidiaries other than BBVA S.A. to 100% of its net outflows. Therefore, the resulting ratio is below that of the individual units (the LCR of the main components reaches 174% in BBVA, S.A., 180% in Mexico and 228% in Turkey). If this restriction was eliminated, the Group's LCR ratio would reach 189%.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">–The net stable funding ratio (NSFR), defined as the ratio between the amount of stable funding available and the amount of stable funding required, demands banks to maintain a stable funding profile in relation to the composition of their assets and off-balance sheet activities. This ratio should be at least 100% at all times. The BBVA Group's NSFR ratio, is calculated based on the criteria established in the Regulation (UE) 2019/876 of the European Parliament and of the Council of May 20, 2019, with entry into force in June 2021. The BBVA Group's NSFR ratio stood at 132% as of June 30, 2023.</div><div style="text-align:justify">The main wholesale financing operations carried out by Group entities are detailed below. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Those carried out by BBVA, S.A. during the first half of 2023 are:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:17.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.631%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.460%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Type of issue</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Date of issue</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Nominal (millions)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Currency</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Coupon</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Early redemption</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Maturity date</td></tr><tr><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Senior non-preferred </td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Jan-23</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">1,000</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">4.625%</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Jan-30</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Jan-31</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Covered bonds</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jan-23</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">1,500</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">3.125%</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jul-27</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Senior preferred</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">May-23</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">1,000</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">4.125%</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">May-25</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">May-26</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Tier 2</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jun-23</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">750</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Midswap + 280 basis points</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jun-Sep 28</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Sep-33</td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">AT1</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jun-23</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">1,000</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">8.375%</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Dec-28</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Perpetual</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Additionally, in June 2023 BBVA, S.A. completed a securitization of a portfolio of car loans for an amount of €800 million.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">BBVA Mexico, for its part, carried out two senior issues in the first quarter of the year and a subordinated issue in the second quarter. The first of the senior issues consists of a green bond for 8,689 million Mexican pesos (approximately €468 million) with a maturity of 4 years, using the TIIE (Balanced Interbank Interest Rate used in Mexico) rate as benchmark, at one day +32 basis points; and the second one involved the issue of a senior bond for 6,131 million Mexican pesos (approximately €330 million) at a fixed rate of 9.54% and a term of 7 years. Regarding the subordinated issue carried out in June, it was a USD 1 billion Tier 2 issue for a term of 15 years with an early redemption option after 10 years and at a fixed rate of 8.45%. The main objective of this issue is to improve the loss-absorbing capital buffer to comply with TLAC (Total Loss-Absorbing Capacity) requirements, with full implementation in Mexico in 2025.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">BBVA Colombia together with the International Finance Corporation (IFC) announced the launch of the first blue bond in the country of USD 50 million.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In Turkey, Garanti BBVA renewed in June a syndicated loan associated with environmental, social and corporate governance (ESG) criteria, consisting of two separate tranches of $199 million and €218.5 million, both maturing in one year.</div>IBOR<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The transition from IBOR to Risk Free Rate (hereinafter "RFR") has been considered a complex initiative, which affects the BBVA Group in different geographical areas and business lines, as well as a multitude of products, systems and processes. The main risks to which the Group is exposed due to the transition are: (1) risk of litigation related to the products and services offered by the Group; (2) legal risks derived from changes in the documentation required for existing operations; (3) financial and accounting risks, derived from market risk models and from the valuation, hedging, cancellation and recognition of financial instruments associated with reference indices; (4) price risk, derived from how changes in the indices could impact the price determination mechanisms of certain instruments; (5) operational risks, as the reform may require changes to the Group's IT systems, business reporting infrastructure, operational processes and controls, and (6) conduct risks arising from the potential impact of customer communications during the transition period, which could lead to customer complaints, regulatory sanctions or reputational impact.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Thus, the Group established a transition project, provided with a robust governance structure, taking into account the different transition approaches and deadlines to the new RFR when evaluating the various risks associated with the transition, as well as defining the lines of action in order to mitigate them.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">BBVA has actively collaborated in the IBOR transition, both for its support and participation in the sectorial working groups and for its commitment to remediate the contracts with its counterparties. In this sense, BBVA has carried out a process of communication and contact with the counterparties to modify the terms of the contractual relations in such a way that such agreements have been modified using different mechanisms: through the inclusion of addenda to the contracts, by the adherence to industry standard protocols, the transition of operations by clearing house, the cancellation of contracts and subscription of new ones, or by the transition through other legislative mechanisms. This process has been managed through the monitoring mechanisms and indicators that have been developed by the working groups within the Group</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In relation to the indices affected by the reform, the transition of the EONIA indices and LIBOR GBP, CHF, JPY and EUR has already been completed satisfactorily in the BBVA Group. In the case of the EURIBOR, the European authorities have promoted modifications in its methodology so that it meets the requirements of the European Regulation of Reference Indices, for which reason the cessation of this rate is not foreseen at the moment. Regarding USD LIBOR, the only rate to which BBVA has exposure as of June 30, 2023, BBVA is actively working to modify all its contracts referenced to this rate to the corresponding RFR (SOFR, Secured Overnight Financing Rate). The Financial Conduct Authority (FCA) has announced its decision to publish USD LIBOR under a "synthetic" methodology not representative for the 1, 3 and 6 months tenors until September 30, 2024.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The BBVA Group's exposure to financial assets and liabilities maturing after June 30, 2023 in the case of loans and advances was €10,567 million, of asset and liabilities debt instruments €166 million and €1,841 million, respectively, deposits €46 million, and in the case of derivatives (notional value) €8,635 million.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Cleared derivatives have transitioned via CCP conversion processes and the majority of derivatives adhered to ISDA protocol have been amended to include the relevant fallback. Regarding loan instruments, most contracts are covered by hardwired fallbacks that cover the USD LIBOR cessation by defining an alternative reference rate, which will be triggered post June 30, 2023. Contracts without hardwired fallbacks will temporarily use Synthetic USD LIBOR, while available, in their first reset after June 30, 2023.</div>

686000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In accordance with IFRS 7 “Financial Instruments: Disclosures”, the BBVA Group’s credit risk exposure by headings in the consolidated balance sheets as of June 30, 2023 and December 31, 2022 is provided below. It does not consider the loss allowances and the availability of collateral or other credit enhancements to ensure compliance with payment obligations. The details are broken down by category of financial instruments:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:56.064%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.371%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.066%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.301%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Maximum credit risk exposure (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 3</td></tr><tr><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading </td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">102,376</td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,247</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33,999</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,129</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,019</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,432</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">313</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">274</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets designated at fair value through profit or loss</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,004</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives (trading and hedging) </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">60,371</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,115</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,254</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">62,835</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">61,981</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">834</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">21</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">450,181</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">403,998</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">32,363</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,819</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">44,868</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">44,539</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">296</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,753</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,753</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">17,611</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">17,574</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">37</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">380,949</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">335,133</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">32,030</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,787</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Total financial assets risk</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">686,066</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Total loan commitments and financial guarantees</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">210,578</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">201,767</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,742</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,069</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">155,009</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">149,846</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,999</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">164</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial guarantees given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">16,007</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,031</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">743</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">233</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">39,561</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">36,890</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,999</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">672</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total maximum credit exposure</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">896,643</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:54.832%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.371%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.300%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Maximum credit risk exposure (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 2</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Stage 3</td></tr><tr><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading </td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">70,763</td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,404</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">24,367</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">41,993</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,888</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,511</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">129</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">247</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets designated at fair value through profit or loss</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives (trading and hedging) </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">53,101</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">65,497</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,198</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,273</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">63,425</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">822</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">425,803</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">378,407</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33,873</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,523</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">36,730</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">36,463</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">237</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">30</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,420</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,420</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">16,066</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,997</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">368,588</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">321,528</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33,568</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,493</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Total financial assets risk</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">622,965</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Total loan commitments and financial guarantees</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">192,568</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">181,427</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">9,993</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,147</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">136,920</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">130,459</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,283</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">177</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial guarantees given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">16,511</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,214</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,015</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">281</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments given</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">39,137</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">35,753</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,695</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">689</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total maximum credit exposure</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">815,533</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td></tr></table></div>

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<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown by counterparty and product of the maximum credit risk exposure, the accumulated allowances recorded, as well as the carrying amount by type of product, classified in different headings of the assets as of June 30, 2023 and December 31, 2022 is shown below:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:23.091%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.679%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#e9e9e9;border-left:0.25pt solid #ffffff;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle"> June 2023 (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Central banks</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">General governments</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Credit institutions</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Other financial corporations</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Households</td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Gross carrying amount</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">On demand and short notice</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">6</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">250</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1,939</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">869</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3,064</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3,198</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Credit card debt</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">3</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2,025</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">19,418</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">21,447</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">22,807</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial debtors</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1,046</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">60</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">620</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">21,111</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">47</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">22,884</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">23,060</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Finance leases</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">243</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">13</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">8,524</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">312</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">9,091</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">9,338</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Reverse repurchase loans</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">664</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,200</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">102</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,966</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,989</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other term loans</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">3,483</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">21,376</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">4,330</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">8,494</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">131,254</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">146,383</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">315,320</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">324,562</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Advances that are not loans</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2,586</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1,065</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">6,013</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">3,339</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1,256</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">341</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">14,600</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">14,659</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">LOANS AND ADVANCES</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">6,734</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">23,736</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">17,603</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">12,821</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">166,109</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">167,369</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">394,371</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">405,613</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">By secured loans</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: mortgage loans collateralized by immovable property</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">301</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">316</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">24,475</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">95,758</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">120,851</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">123,747</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: other collateralized loans</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">630</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">6,117</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">6,738</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">504</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">9,898</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2,517</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">26,403</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">26,757</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">By purpose of the loan</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: credit for consumption</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">56,629</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">56,629</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">60,568</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: lending for house purchase</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">96,389</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">96,389</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">97,853</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">By subordination</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: project finance loans</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,607</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7,607</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">8,215</td></tr></table></div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:23.091%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.679%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">December 2022 (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">General governments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Credit institutions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Other financial corporations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Households</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Gross carrying amount</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">On demand and short notice</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">6</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">352</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2,810</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">933</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,101</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,266</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Credit card debt</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">1</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2,029</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">16,865</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">18,898</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">19,985</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Commercial debtors</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,021</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">24</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">370</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">24,510</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">85</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">26,011</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">26,254</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Finance leases</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">195</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">13</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8,040</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">322</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8,571</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8,857</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Reverse repurchase loans</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">302</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5,251</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">102</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5,655</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5,674</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Other term loans</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3,802</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">19,438</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">4,009</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7,995</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">126,949</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">139,925</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">302,118</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">311,553</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Advances that are not loans</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">296</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">232</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">6,772</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3,930</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1,256</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">217</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12,702</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12,758</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">LOANS AND ADVANCES</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,401</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">20,892</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">16,057</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">12,765</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">165,593</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">158,348</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">378,056</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">389,347</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">By secured loans</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: mortgage loans collateralized by immovable property</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">297</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">337</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">23,970</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">95,056</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">119,659</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">122,719</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: other collateralized loans</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">498</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,382</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,073</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">548</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,635</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,209</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">20,345</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">20,675</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">By purpose of the loan</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: credit for consumption</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">51,344</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">51,344</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">54,718</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: lending for house purchase</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">95,249</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">95,249</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">96,716</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">By subordination</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: project finance loans</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,942</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,942</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,530</td></tr></table> 0 6000000 0 250000000 1939000000 869000000 3064000000 3198000000 0 1000000 0 3000000 2025000000 19418000000 21447000000 22807000000 1046000000 60000000 620000000 21111000000 47000000 22884000000 23060000000 0 243000000 0 13000000 8524000000 312000000 9091000000 9338000000 664000000 0 7200000000 102000000 0 0 7966000000 7989000000 3483000000 21376000000 4330000000 8494000000 131254000000 146383000000 315320000000 324562000000 2586000000 1065000000 6013000000 3339000000 1256000000 341000000 14600000000 14659000000 6734000000 23736000000 17603000000 12821000000 166109000000 167369000000 394371000000 405613000000 301000000 0 316000000 24475000000 95758000000 120851000000 123747000000 630000000 6117000000 6738000000 504000000 9898000000 2517000000 26403000000 26757000000 56629000000 56629000000 60568000000 96389000000 96389000000 97853000000 7607000000 7607000000 8215000000 0 6000000 0 352000000 2810000000 933000000 4101000000 4266000000 0 1000000 0 3000000 2029000000 16865000000 18898000000 19985000000 1021000000 24000000 370000000 24510000000 85000000 26011000000 26254000000 0 195000000 0 13000000 8040000000 322000000 8571000000 8857000000 302000000 0 5251000000 102000000 0 0 5655000000 5674000000 3802000000 19438000000 4009000000 7995000000 126949000000 139925000000 302118000000 311553000000 296000000 232000000 6772000000 3930000000 1256000000 217000000 12702000000 12758000000 4401000000 20892000000 16057000000 12765000000 165593000000 158348000000 378056000000 389347000000 297000000 0 337000000 23970000000 95056000000 119659000000 122719000000 498000000 5382000000 5073000000 548000000 6635000000 2209000000 20345000000 20675000000 51344000000 51344000000 54718000000 95249000000 95249000000 96716000000 7942000000 7942000000 8530000000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The value of guarantees received as of June 30, 2023 and December 31, 2022, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Guarantees received (Millions of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:bottom"> June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:bottom">December 2022</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:bottom">Value of collateral</td><td colspan="3" style="border-top:0.25pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">131,494</td><td colspan="3" style="border-top:0.25pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">125,963</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: guarantees normal risks under special monitoring</td><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt;text-align:right;vertical-align:middle">12,138</td><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt;text-align:right;vertical-align:middle">12,826</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: guarantees impaired risks</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,696</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,440</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Value of other guarantees</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">52,586</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">40,050</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: guarantees normal risks under special monitoring</td><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt;text-align:right;vertical-align:middle">4,683</td><td colspan="3" style="border-top:0.25pt solid #d3d3d3;padding:2px 1pt;text-align:right;vertical-align:middle">4,963</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: guarantees impaired risks</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,086</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">984</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total value of guarantees received</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">184,081</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">166,013</td></tr></table></div> 131494000000 125963000000 12138000000 12826000000 3696000000 3440000000 52586000000 40050000000 4683000000 4963000000 1086000000 984000000 184081000000 166013000000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of loans and advances, within the heading “Financial assets at amortized cost”, including their gross carrying amount, impaired loans and advances, and accumulated impairment, by counterparties as of June 30, 2023 and December 31, 2022, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:40.167%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.584%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle"> June 2023 (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Gross carrying amount</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Impaired loans and advances</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Accumulated impairment </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Impaired loans and advances as a % of the total</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">6,753</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(19)</td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">23,760</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">31</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(25)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">17,611</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(34)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12,851</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(30)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">170,722</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,679</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(4,783)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Households</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">173,615</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,063</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(6,350)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">LOANS AND ADVANCES</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">405,313</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">13,787</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(11,241)</td><td colspan="2" style="background-color:#5AC4C4;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.4 </td><td style="background-color:#5AC4C4;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:40.167%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.584%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">December 2022 (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Gross carrying amount</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Impaired loans and advances</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Accumulated impairment </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Impaired loans and advances as a % of the total</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,420</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">(19)</td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">20,922</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">38</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(30)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">16,066</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(35)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12,802</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">17</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(37)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">170,929</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">6,340</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(5,495)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Households</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">163,936</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7,098</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">(5,675)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">LOANS AND ADVANCES</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">389,073</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">13,493</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(11,291)</td><td colspan="2" style="background-color:#5AC4C4;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.5 </td><td style="background-color:#5AC4C4;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div> 6753000000 0 -19000000 0 23760000000 31000000 -25000000 0.001 17611000000 0 -34000000 0 12851000000 14000000 -30000000 0.001 170722000000 5679000000 -4783000000 0.033 173615000000 8063000000 -6350000000 0.046 405313000000 13787000000 -11241000000 0.034 4420000000 0 -19000000 0 20922000000 38000000 -30000000 0.002 16066000000 0 -35000000 0 12802000000 17000000 -37000000 0.001 170929000000 6340000000 -5495000000 0.037 163936000000 7098000000 -5675000000 0.043 389073000000 13493000000 -11291000000 0.035 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The changes during the six months ended June 30, 2023, and the year ended December 31, 2022 of impaired financial assets (financial assets and guarantees given) are as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Changes in impaired financial assets and guarantees given (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the beginning </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">14,521</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">15,467</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Additions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,132</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,084</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Decreases ⁽¹⁾</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(2,886)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(5,742)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Net additions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,247</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,342</td></tr><tr><td colspan="3" style="border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:left;vertical-align:bottom">Amounts written-off</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:right;vertical-align:middle">(1,958)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:right;vertical-align:middle">(2,771)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Exchange differences and other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(64)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(517)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the end </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14,746</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14,521</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Reflects the total amount of impaired loans derecognized from the consolidated balance sheet throughout the period as a result of monetary recoveries as well as mortgage foreclosures and real estate assets received in lieu of payment.</div> 14521000000 15467000000 5132000000 8084000000 -2886000000 -5742000000

2247000000

2342000000

1958000000

2771000000

-64000000

-517000000

14746000000 14521000000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">BBVA Research forecasts a maximum of five years for the macroeconomic variables. The following estimates for the next five years of the Gross Domestic Product (GDP) growth, of the unemployment rate and of the House Price Index (HPI), for the most relevant countries where it represents a significant factor, are determined by BBVA Research and have been used at the time of the calculation of the ECL as of June 30, 2023:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:9.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.144%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.613%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.761%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.990%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.613%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.915%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.618%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:bottom">Positive scenario of GDP, unemployment rate and HPI for the main geographical areas</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Spain</td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Mexico</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Turkey</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.04%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">11.03%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(0.77)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.28%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.77%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.27%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">8.42%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">8.89%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.59%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.12%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.00%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.40%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.53%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.13%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">4.37%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.74%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.94%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.86%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.21%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.37%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.40%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">4.14%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.91%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.94%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.84%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.63%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.21%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.17%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.47%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.55%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.82%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.27%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.52%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.75%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.27%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.05%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.54%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.88%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.75%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.30%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.24%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.09%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.93%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.98%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.41%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.92%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.66%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.32%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:5.525%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.462%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.465%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Peru</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Argentina</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Colombia</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">4.22%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.94%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.30%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">7.43%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.55%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.57%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">4.44%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.54%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.90%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.43%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.36%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.10%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.64%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.69%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.41%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.34%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.29%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.20%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.49%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.60%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.43%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.96%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.24%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.42%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.64%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.22%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.16%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.67%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.29%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.42%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.13%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.11%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.40%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.52%</td></tr></table></div> 0.0304 0.1103 -0.0077 0.0328 0.0277 0.0627 0.0842 0.0889 0.0259 0.1012 0.0100 0.0240 0.0353 0.0613 0.0437 0.0974 0.0294 0.0886 0.0221 0.0237 0.0340 0.0414 0.0391 0.1094 0.0284 0.0763 0.0221 0.0217 0.0347 0.0155 0.0382 0.1127 0.0252 0.0675 0.0227 0.0205 0.0354 0.0088 0.0375 0.1130 0.0224 0.0609 0.0193 0.0198 0.0341 0.0192 0.0366 0.1132 0.0422 0.0694 0.0130 0.0743 0.0255 0.1057 0.0444 0.0654 0.0090 0.0943 0.0236 0.1110 0.0264 0.0648 0.0269 0.0941 0.0234 0.1129 0.0220 0.0649 0.0260 0.0843 0.0296 0.1124 0.0235 0.0642 0.0264 0.0722 0.0316 0.1067 0.0229 0.0642 0.0313 0.0611 0.0340 0.1052 <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:7.836%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.459%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.459%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.080%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:bottom">Estimate of GDP, unemployment rate and HPI for the main geographical areas</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Spain</td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Mexico</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Turkey</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.42%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">12.23%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(2.17)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.42%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">2.88%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.33%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">4.50%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.10%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.11%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.73%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(0.61)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.76%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.72%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.01%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.05%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.13%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.86%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.67%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.27%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.56%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">4.04%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.75%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.55%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.83%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.20%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.79%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.14%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.61%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.59%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.70%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.50%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.52%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.13%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.82%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.04%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.67%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.86%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.62%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.50%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.24%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.33%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.47%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.96%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.53%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.90%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.54%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.50%</td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:7.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.156%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Peru</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Argentina</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Colombia</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.58%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">7.08%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(3.50)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">8.28%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.16%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.76%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.65%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.78%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(2.00)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.39%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.49%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.70%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.50%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.15%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.58%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.20%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.68%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.50%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.95%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.96%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.53%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.60%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.50%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.70%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.16%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.92%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.29%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.60%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.00%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.60%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.39%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.58%</td></tr></table> 0.0242 0.1223 -0.0217 0.0242 0.0288 0.0633 0.0450 0.1010 0.0211 0.1173 -0.0061 0.0176 0.0372 0.0601 0.0205 0.1113 0.0286 0.1048 0.0167 0.0227 0.0356 0.0404 0.0375 0.1155 0.0283 0.0920 0.0179 0.0214 0.0361 0.0159 0.0370 0.1150 0.0252 0.0813 0.0182 0.0204 0.0367 0.0086 0.0362 0.1150 0.0224 0.0733 0.0147 0.0196 0.0353 0.0190 0.0354 0.1150 0.0158 0.0708 -0.0350 0.0828 0.0116 0.1076 0.0265 0.0678 -0.0200 0.1048 0.0148 0.1139 0.0249 0.0670 0.0250 0.1015 0.0235 0.1158 0.0220 0.0668 0.0250 0.0895 0.0296 0.1153 0.0235 0.0660 0.0250 0.0770 0.0316 0.1092 0.0229 0.0660 0.0300 0.0660 0.0339 0.1058 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:7.990%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.915%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.148%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.771%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:bottom">Negative scenario of GDP, unemployment rate and HPI for the main geographical areas</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Spain</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Mexico</td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Turkey</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">HPI</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.82%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">13.39%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(3.59)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">1.59%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">3.01%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">6.33%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">0.51%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">11.29%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.65%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">13.28%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(2.02)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.11%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.91%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">5.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(0.58)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.57%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.77%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.05%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.08%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.18%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.72%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.85%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.62%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.20%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.77%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.14%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.09%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.75%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.51%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.61%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.73%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.48%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.79%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.06%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.99%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.85%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.55%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.67%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.21%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.83%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.72%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.92%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.67%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">1.90%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.47%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.66%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:6.164%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.361%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Peru</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Argentina</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:bottom">Colombia</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Date</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Unemployment</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(1.06)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">7.22%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(8.25)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">9.09%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">(0.24)%</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.96%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.86%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.02%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">(5.28)%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.49%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">0.56%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.67%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.93%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.29%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.88%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.85%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.20%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.89%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.37%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">9.45%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.96%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.80%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.35%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.34%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">8.17%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.16%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">11.21%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.29%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">6.80%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2.85%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">7.09%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">3.39%</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">10.65%</td></tr></table></div> 0.0182 0.1339 -0.0359 0.0159 0.0301 0.0633 0.0051 0.1129 0.0165 0.1328 -0.0202 0.0111 0.0391 0.0580 -0.0058 0.1257 0.0277 0.1205 0.0108 0.0218 0.0372 0.0385 0.0362 0.1220 0.0280 0.1077 0.0114 0.0209 0.0375 0.0151 0.0361 0.1173 0.0248 0.0979 0.0106 0.0199 0.0380 0.0085 0.0355 0.1167 0.0221 0.0883 0.0072 0.0192 0.0367 0.0190 0.0347 0.1166 -0.0106 0.0722 -0.0825 0.0909 -0.0024 0.1096 0.0086 0.0702 -0.0528 0.1149 0.0056 0.1167 0.0235 0.0693 0.0229 0.1088 0.0235 0.1185 0.0220 0.0689 0.0237 0.0945 0.0296 0.1180 0.0235 0.0680 0.0234 0.0817 0.0316 0.1121 0.0229 0.0680 0.0285 0.0709 0.0339 0.1065 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Variation in expected loss is determined both by re-staging (that is: in worse scenarios due to the recognition of lifetime credit losses for additional operations that are transferred to stage 2 from stage 1 where 12 months of losses are valued; or vice versa in improvement scenarios) as well as variations in the collective risk parameters (PD and LGD) of each financial instrument due to the changes defined in the macroeconomic forecasts of the scenario. The variation in the expected loss for the Group and the main portfolios and geographical areas is shown below:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.082%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.164%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.082%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.090%"></td><td style="width:0.1%"></td></tr><tr><td colspan="42" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Expected loss variation as of June 2023 ⁽¹⁾</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle">BBVA Group</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">Spain</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">Mexico</td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle">Turkey</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">GDP</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Total Portfolio</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Retail</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Companies</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Debt securities</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Total Portfolio</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Companies</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Retail</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Total Portfolio</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Companies</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Retail</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Total Portfolio</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Companies</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Retail</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">-100 bps</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">238</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">165</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">66</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">5</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">118</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">56</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">60</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">79</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">3</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">74</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">23</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">15</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">+100 bps</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(206)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(147)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(51)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(5)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(92)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(41)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(49)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(75)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(3)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(70)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(20)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(7)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(12)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Housing price</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">-100 bps</td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">26</td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">3</td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">+100 bps</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(1)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(25)</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">(3)</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Last available data as of May 31, 2023.</div> 0.0238 0.0165 0.0066 0.0005 0.0118 0.0056 0.0060 0.0079 0.0003 0.0074 0.0023 0.0007 0.0015 -0.0206 -0.0147 -0.0051 -0.0005 -0.0092 -0.0041 -0.0049 -0.0075 -0.0003 -0.0070 -0.0020 -0.0007 -0.0012 0.0001 0.0026 0.0003 -0.0001 -0.0025 -0.0003 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Below are the changes in the six months ended June 30, 2023, and the year ended December 31, 2022 in the loss allowances recognized on the condensed consolidated balance sheets to cover the estimated impairment or reversal of impairment on loans and advances of financial assets at amortized cost:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Changes in loss allowances of loans and advances at amortized cost (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the beginning of the period </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(11,291)</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(11,142)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Increase in loss allowances charged to income</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,681)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,288)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 1</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(833)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,556)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 2</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,080)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,443)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 3</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,768)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,289)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Decrease in loss allowances charged to income</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,795 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,891 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 1</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">730 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,342 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 2</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">747 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,213 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Stage 3</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,319 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,336 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Transfer to written-off loans, exchange differences and other</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,935 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,248 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle"> Closing balance</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(11,241)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(11,291)</td></tr></table></div> -11291000000 -11142000000 -4681000000 -8288000000 -833000000 -1556000000 -1080000000 -1443000000 -2768000000 -5289000000 2795000000 4891000000 730000000 1342000000 747000000 1213000000 1319000000 2336000000 1935000000 3248000000 -11241000000 -11291000000 <div style="text-align:justify">The main wholesale financing operations carried out by Group entities are detailed below. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Those carried out by BBVA, S.A. during the first half of 2023 are:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:17.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.631%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.460%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Type of issue</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Date of issue</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Nominal (millions)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Currency</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Coupon</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Early redemption</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Maturity date</td></tr><tr><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Senior non-preferred </td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Jan-23</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">1,000</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">4.625%</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Jan-30</td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle">Jan-31</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Covered bonds</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jan-23</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">1,500</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">3.125%</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jul-27</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Senior preferred</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">May-23</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">1,000</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">4.125%</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">May-25</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">May-26</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Tier 2</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jun-23</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">750</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Midswap + 280 basis points</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jun-Sep 28</td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Sep-33</td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">AT1</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Jun-23</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">1,000</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">EUR</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">8.375%</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Dec-28</td><td colspan="3" style="border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">Perpetual</td></tr></table></div> 1000000000 1500000000 1000000000 750000000 1000000000

Fair value of financial instruments <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The criteria and valuation methods used to calculate the fair value of financial assets as of June 30, 2023 do not differ significantly from those included in Note 8 from the consolidated financial statements for the year ended December 31, 2022.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The techniques and unobservable inputs used for the valuation of the financial instruments classified in the fair value hierarchy as Level 3, do not significantly differ from those detailed in Note 8 of the consolidated financial statements for the year 2022. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The effect on the consolidated income statements and on the consolidated equity, resulting from changing the main assumptions used in the valuation of Level 3 financial instruments for other reasonably possible assumptions, does not differ significantly from that detailed in Note 8 of the consolidated financial statements for the year 2022.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">7.1.Fair value of financial instruments recognized at fair value according to valuation method</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The fair value of the Group's financial instruments from the attached condensed consolidated balance sheets is presented below, broken down according to the valuation method used to determine their fair value, and their respective book value as of June 30, 2023 and December 31, 2022:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.921%"><tr><td style="width:1.0%"></td><td style="width:55.910%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.686%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fair value of financial instruments by levels. June 2023 (Millions of Euros)</td></tr><tr style="height:12pt"><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Book value</td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Fair value</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">141,721</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">31,765</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">108,120</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,836</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Derivatives</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">39,346</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,014</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">38,057</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">274</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,247</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,194</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">53</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">33,999</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">25,242</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,590</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">167</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,129</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,315</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">61,473</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,341</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,019</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,723</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">360</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">936</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,432</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,450</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">62</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">920</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">313</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">298</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">15</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">274</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">273</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets designated at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,004</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">984</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">20</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,004</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">984</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">20</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63,979</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">51,191</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">12,276</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">513</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,254</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,078</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">67</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">108</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">62,700</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">50,087</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">12,209</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">405</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">14</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,888</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,888</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities held for trading </td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">127,332</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">25,302</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">100,825</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,205</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Trading derivatives</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,003</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">678</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36,565</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">760</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Short positions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,107</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,077</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">30</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">72,222</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,548</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">64,229</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">444</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities designated at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12,577</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">10,660</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,917</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">111</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">111</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">698</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">698</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,642</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,725</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,917</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,126</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,126</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">14</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,486</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,486</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr></table></div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.921%"><tr><td style="width:1.0%"></td><td style="width:55.910%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.686%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fair value of financial Instruments by levels. December 2022 (Millions of Euros)</td></tr><tr style="height:12pt"><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Book value</td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Fair value</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">110,671</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">22,710</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">85,636</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2,325</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Derivatives</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">39,908</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">795</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,140</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">974</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,404</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,369</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">34</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">24,367</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,284</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,934</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">148</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">41,993</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,262</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">39,562</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,169</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,888</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,720</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">151</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,017</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,511</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,457</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">40</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,014</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">129</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">19</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">111</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">247</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">245</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets designated at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">65,374</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">53,248</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">11,537</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">589</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,198</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,040</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">58</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">100</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">64,150</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">52,182</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">11,479</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">489</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">14</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,891</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,887</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities held for trading </td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">95,611</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">20,611</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">73,871</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,129</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Trading derivatives</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">37,909</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">746</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36,161</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,002</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Short positions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13,487</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13,354</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">133</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">44,215</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,511</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">37,577</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">127</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities designated at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">10,580</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,990</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,590</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">700</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">700</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,288</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,698</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,590</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,592</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,592</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">14</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,303</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">100</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,179</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">25</td></tr></table><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">7.2.Fair value of financial instruments recognized at amortized cost according to valuation method</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Below is shown the fair value of the Group's financial instruments from the attached condensed consolidated balance sheets recognized at amortized cost, broken down according to the valuation method used to determine their fair value, and their respective book value as of June 30, 2023 and December 31, 2022:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.921%"><tr><td style="width:1.0%"></td><td style="width:47.128%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.686%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fair value of financial instruments recognized at amortized cost by levels. June 2023 (Millions of Euros)</td></tr><tr style="height:12pt"><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Book value</td><td colspan="12" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Fair value</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Cash, cash balances at central banks and other demand deposits</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">8</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">71,858</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">71,858</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">71,559</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">299</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">13</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">438,841</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">433,369</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">41,747</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">10,914</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">380,708</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">44,769</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">44,022</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">35,039</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,169</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">814</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,734</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,672</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,672</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,577</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,558</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,708</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">15,814</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">369,761</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">365,117</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,037</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">364,079</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities at amortized cost </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">541,671</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">539,486</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63,403</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">283,474</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">192,610</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">21,070</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">21,030</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">20,857</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">172</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,891</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,846</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">32,848</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,999</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">402,344</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">399,980</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,048</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">227,470</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">171,462</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63,158</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63,312</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">41,498</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13,976</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,838</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,207</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,318</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">9,180</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,138</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.921%"><tr><td style="width:1.0%"></td><td style="width:47.128%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.686%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fair value of financial Instruments recognized at amortized cost by levels. December 2022 (Millions of Euros)</td></tr><tr style="height:12pt"><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Book value</td><td colspan="12" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Fair value</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Cash, cash balances at central banks and other demand deposits</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">8</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">79,756</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">79,756</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">79,463</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">293</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">13</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">414,421</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">412,965</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">30,587</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">12,173</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">370,206</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36,639</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36,311</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26,239</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">9,313</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">759</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,401</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,401</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,259</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">142</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,031</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,089</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">89</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,289</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,711</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">357,351</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">356,164</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,571</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">354,594</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities at amortized cost </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">529,172</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">525,595</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">77,112</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">266,194</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">182,289</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from central banks</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,323</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,312</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,012</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">300</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26,935</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26,777</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">20,546</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,231</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">394,404</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">392,805</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,158</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">230,821</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">160,826</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">55,429</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">53,550</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">37,942</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,240</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,368</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,081</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,151</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,587</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,564</td></tr></table></div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The fair value of the Group's financial instruments from the attached condensed consolidated balance sheets is presented below, broken down according to the valuation method used to determine their fair value, and their respective book value as of June 30, 2023 and December 31, 2022:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.921%"><tr><td style="width:1.0%"></td><td style="width:55.910%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.686%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fair value of financial instruments by levels. June 2023 (Millions of Euros)</td></tr><tr style="height:12pt"><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Book value</td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Fair value</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">141,721</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">31,765</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">108,120</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,836</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Derivatives</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">39,346</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,014</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">38,057</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">274</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,247</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,194</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">53</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">33,999</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">25,242</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,590</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">167</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,129</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,315</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">61,473</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,341</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,019</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,723</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">360</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">936</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,432</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,450</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">62</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">920</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">313</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">298</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">15</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">274</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">273</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets designated at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,004</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">984</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">20</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,004</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">984</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">20</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63,979</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">51,191</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">12,276</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">513</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,254</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,078</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">67</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">108</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">62,700</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">50,087</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">12,209</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">405</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">14</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,888</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,888</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities held for trading </td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">127,332</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">25,302</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">100,825</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,205</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Trading derivatives</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,003</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">678</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36,565</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">760</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Short positions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,107</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,077</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">30</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">72,222</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,548</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">64,229</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">444</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities designated at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12,577</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">10,660</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,917</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">111</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">111</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">698</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">698</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,642</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,725</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,917</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,126</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,126</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">14</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,486</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,486</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr></table></div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.921%"><tr><td style="width:1.0%"></td><td style="width:55.910%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.686%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fair value of financial Instruments by levels. December 2022 (Millions of Euros)</td></tr><tr style="height:12pt"><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Book value</td><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Fair value</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">110,671</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">22,710</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">85,636</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2,325</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Derivatives</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">39,908</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">795</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,140</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">974</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,404</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,369</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">34</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">24,367</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,284</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,934</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">148</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">41,993</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,262</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">39,562</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,169</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,888</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,720</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">151</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,017</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,511</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,457</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">40</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,014</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">129</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">19</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">111</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">247</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">245</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets designated at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">913</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">65,374</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">53,248</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">11,537</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">589</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,198</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,040</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">58</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">100</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">64,150</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">52,182</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">11,479</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">489</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">14</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,891</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,887</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities held for trading </td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">95,611</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">20,611</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">73,871</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,129</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Trading derivatives</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">37,909</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">746</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36,161</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,002</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Short positions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13,487</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13,354</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">133</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">44,215</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,511</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">37,577</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">127</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities designated at fair value through profit or loss</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">10,580</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,990</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,590</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">700</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">700</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,288</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,698</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,590</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,592</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,592</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting</td><td colspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">14</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,303</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">100</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,179</td><td colspan="3" style="border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">25</td></tr></table>

141721000000

31765000000

108120000000

1836000000

39346000000

1014000000

38057000000

274000000

4247000000 4194000000 0 53000000 33999000000 25242000000 8590000000 167000000 64129000000 1315000000 61473000000 1341000000

8019000000

6723000000

360000000

936000000

7432000000 6450000000 62000000 920000000 313000000 0 298000000 15000000 274000000 273000000 0 1000000

1004000000

984000000

20000000

1004000000 984000000 20000000 0

63979000000

51191000000

12276000000

513000000

1254000000

1078000000

67000000

108000000

62700000000 50087000000 12209000000 405000000 26000000 26000000 0 0

1888000000

127332000000

25302000000

100825000000

1205000000

38003000000

678000000

36565000000

760000000

17107000000 17077000000 30000000 0 72222000000 7548000000 64229000000 444000000

12577000000

10660000000

1917000000

111000000 0 111000000 0 698000000 0 698000000 0 3642000000 0 1725000000 1917000000 8126000000 0 8126000000 0

3486000000

110671000000

22710000000

85636000000

2325000000

39908000000

795000000

38140000000

974000000

4404000000 4369000000 0 34000000 24367000000 16284000000 7934000000 148000000 41993000000 1262000000 39562000000 1169000000

6888000000

5720000000

151000000

1017000000

6511000000 5457000000 40000000 1014000000 129000000 19000000 111000000 0 247000000 245000000 0 3000000

913000000

913000000 913000000 0 0

65374000000

53248000000

11537000000

589000000

1198000000

1040000000

58000000

100000000

64150000000 52182000000 11479000000 489000000 26000000 26000000 0 0

1891000000

4000000

1887000000

95611000000

20611000000

73871000000

1129000000

37909000000

746000000

36161000000

1002000000

13487000000 13354000000 133000000 0 44215000000 6511000000 37577000000 127000000

10580000000

8990000000

1590000000

0 0 0 0 700000000 0 700000000 0 3288000000 0 1698000000 1590000000 6592000000 0 6592000000 0

3303000000

100000000

3179000000

25000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Below is shown the fair value of the Group's financial instruments from the attached condensed consolidated balance sheets recognized at amortized cost, broken down according to the valuation method used to determine their fair value, and their respective book value as of June 30, 2023 and December 31, 2022:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.921%"><tr><td style="width:1.0%"></td><td style="width:47.128%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.686%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fair value of financial instruments recognized at amortized cost by levels. June 2023 (Millions of Euros)</td></tr><tr style="height:12pt"><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Book value</td><td colspan="12" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Fair value</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Cash, cash balances at central banks and other demand deposits</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">8</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">71,858</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">71,858</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">71,559</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">299</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">13</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">438,841</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">433,369</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">41,747</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">10,914</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">380,708</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">44,769</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">44,022</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">35,039</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,169</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">814</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,734</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,672</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,672</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,577</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,558</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,708</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">15,814</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">369,761</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">365,117</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,037</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">364,079</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities at amortized cost </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">541,671</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">539,486</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63,403</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">283,474</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">192,610</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">21,070</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">21,030</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">20,857</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">172</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,891</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,846</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">32,848</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,999</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">402,344</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">399,980</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,048</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">227,470</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">171,462</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63,158</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63,312</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">41,498</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13,976</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,838</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,207</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,318</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">9,180</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,138</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.921%"><tr><td style="width:1.0%"></td><td style="width:47.128%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.686%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fair value of financial Instruments recognized at amortized cost by levels. December 2022 (Millions of Euros)</td></tr><tr style="height:12pt"><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Book value</td><td colspan="12" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Fair value</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 1</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Level 3</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Cash, cash balances at central banks and other demand deposits</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">8</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">79,756</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">79,756</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">79,463</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">293</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">13</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">414,421</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">412,965</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">30,587</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">12,173</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">370,206</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt securities </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36,639</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">36,311</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26,239</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">9,313</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">759</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,401</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,401</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,259</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">142</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,031</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,089</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">89</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,289</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,711</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">357,351</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">356,164</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,571</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">354,594</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities at amortized cost </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">529,172</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">525,595</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">77,112</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">266,194</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">182,289</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from central banks</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,323</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,312</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">38,012</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">300</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26,935</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26,777</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">20,546</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,231</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">394,404</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">392,805</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,158</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">230,821</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">160,826</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">55,429</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">53,550</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">37,942</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,240</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8,368</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,081</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,151</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7,587</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">6,564</td></tr></table></div>

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36639000000 36311000000 26239000000 9313000000 759000000 4401000000 4401000000 4259000000 0 142000000

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Cash, cash balances at central banks and other demand deposits<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under the heading “Cash, cash balances at central banks and other demand deposits” in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Cash, cash balances at central banks and other demand deposits (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Cash on hand</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">6,951</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">6,533</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Cash balances at central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">58,888</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">67,314</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other demand deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,019</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,909</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">71,858</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">79,756</td></tr></table></div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under the heading “Cash, cash balances at central banks and other demand deposits” in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Cash, cash balances at central banks and other demand deposits (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Cash on hand</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">6,951</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">6,533</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Cash balances at central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">58,888</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">67,314</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other demand deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,019</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,909</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">71,858</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">79,756</td></tr></table></div>

6951000000

6533000000

58888000000

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5909000000

71858000000

79756000000

Financial assets and liabilities held for trading<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Financial assets and liabilities held for trading (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">39,346</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">39,908</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,247</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,404</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33,999</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">24,367</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Issued by central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">890</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">821</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Issued by public administrations ⁽¹⁾</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">30,238</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">20,703</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Issued by financial institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,595</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,365</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,275</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,477</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,129</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">41,993</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,165</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,632</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reverse repurchase agreement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,165</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,632</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">48,189</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">25,231</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reverse repurchase agreement ⁽²⁾</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">48,158</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">25,201</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,775</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,130</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reverse repurchase agreement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,371</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14,832</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total assets</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">141,721</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">110,671</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">38,003</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">37,909</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Short positions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">17,107</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,487</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Deposits</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">72,222</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">44,215</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Deposits from central banks </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,656</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,950</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Repurchase agreement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,656</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,950</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">48,395</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">28,924</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Repurchase agreement ⁽²⁾</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">47,970</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">28,573</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,170</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11,341</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Repurchase agreement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,140</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11,302</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total liabilities</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">127,332</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">95,611</td></tr></table>(1) The variation is mainly due to the increase in positions of the Public Treasury.</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:0.56pt;text-align:justify">(2) The variation is mainly due to the evolution of "Reverse repurchase agreement" of BBVA, S.A. compensated with the evolution of "Repurchase agreement" of BBVA, S.A.</div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Financial assets and liabilities held for trading (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">39,346</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">39,908</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,247</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,404</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">33,999</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">24,367</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Issued by central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">890</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">821</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Issued by public administrations ⁽¹⁾</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">30,238</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">20,703</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Issued by financial institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,595</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,365</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other debt securities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,275</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,477</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">64,129</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">41,993</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,165</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,632</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reverse repurchase agreement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,165</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,632</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">48,189</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">25,231</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reverse repurchase agreement ⁽²⁾</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">48,158</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">25,201</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,775</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,130</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reverse repurchase agreement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,371</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14,832</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total assets</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">141,721</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">110,671</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">38,003</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">37,909</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Short positions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">17,107</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,487</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Deposits</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">72,222</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">44,215</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Deposits from central banks </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,656</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,950</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Repurchase agreement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8,656</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3,950</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">48,395</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">28,924</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Repurchase agreement ⁽²⁾</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">47,970</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">28,573</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,170</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11,341</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Repurchase agreement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,140</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11,302</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total liabilities</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">127,332</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">95,611</td></tr></table>(1) The variation is mainly due to the increase in positions of the Public Treasury.</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:0.56pt;text-align:justify">(2) The variation is mainly due to the evolution of "Reverse repurchase agreement" of BBVA, S.A. compensated with the evolution of "Repurchase agreement" of BBVA, S.A.</div>

39346000000

39908000000

4247000000 4404000000 33999000000 24367000000 890000000 821000000 30238000000 20703000000 1595000000 1365000000 1275000000 1477000000 64129000000 41993000000 2165000000 1632000000 2165000000 1632000000 48189000000 25231000000 48158000000 25201000000 13775000000 15130000000 13371000000 14832000000

141721000000

110671000000

38003000000

37909000000

17107000000 13487000000 72222000000 44215000000 8656000000 3950000000 8656000000 3950000000 48395000000 28924000000 47970000000 28573000000 15170000000 11341000000 15140000000 11302000000

127332000000

95611000000

Non-trading financial assets mandatorily at fair value through profit or loss<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">7,432</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">6,511</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">313</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">129</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">274</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">247</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,019</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,888</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">7,432</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">6,511</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">313</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">129</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">274</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">247</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,019</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,888</td></tr></table></div> 7432000000 6511000000 313000000 129000000 274000000 247000000

8019000000

6888000000

Financial assets and liabilities designated at fair value through profit or loss<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Financial assets and liabilities designated at fair value through profit or loss (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">6.2 / 7</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,004</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">913</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Deposits from central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">111</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">698</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">700</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,642</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,288</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other financial liabilities: Unit-linked products</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,126</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,592</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total liabilities</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,577</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10,580</td></tr></table></div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Financial assets and liabilities designated at fair value through profit or loss (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">6.2 / 7</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,004</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">913</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Deposits from central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">111</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">698</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">700</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,642</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,288</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other financial liabilities: Unit-linked products</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,126</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,592</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total liabilities</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,577</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10,580</td></tr></table></div> 1004000000 913000000 111000000 0 698000000 700000000 3642000000 3288000000 8126000000 6592000000

12577000000

10580000000

Financial assets at fair value through other comprehensive income Breakdown of the balance<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance of this heading of the condensed consolidated balance sheets by type of financial instruments is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Financial assets at fair value through other comprehensive income (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,254</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,198</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">62,700</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">64,150</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">63,979</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">65,374</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: loss allowances of debt securities</td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(135)</td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(123)</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Note 2.1 and Appendix III).</div>Gains/losses<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Changes in gains (losses)</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The changes in the gains/losses (net of taxes) during the six months ended June 30, 2023 and in the year ended December 31, 2022 of debt securities recognized under the equity heading “Accumulated other comprehensive income – Items that may be reclassified to profit or loss – Fair value changes of debt instruments measured at fair value through other comprehensive income” and equity instruments recognized under the equity heading “Accumulated other comprehensive income – Items that will not be reclassified to profit or loss – Fair value changes of equity instruments measured at fair value through other comprehensive income” in the condensed consolidated balance sheets are as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:24.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other comprehensive income - Changes in gains (losses) (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Debt securities</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Equity instruments</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022 ⁽¹⁾</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the beginning </td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(809)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,274</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,194)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,079)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Valuation gains and losses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(166)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(3,049)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">123</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(112)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Amounts transferred to income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">20</td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Amounts transferred to Reserves</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(9)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(2)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Income tax and other</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">32</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">946</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(1)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the end</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:center;vertical-align:middle">27</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(943)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(809)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,077)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,194)</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Figures restated due to the application of IFRS 17 (see Notes 1.3 and 2.1).</div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance of this heading of the condensed consolidated balance sheets by type of financial instruments is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Financial assets at fair value through other comprehensive income (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,254</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,198</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">62,700</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">64,150</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">63,979</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">65,374</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: loss allowances of debt securities</td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(135)</td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(123)</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) This includes redesignations from the heading "Financial assets at amortized cost" due to the application of IFRS 17 (see Note 2.1 and Appendix III).</div>

1254000000

1198000000

62700000000 64150000000 26000000 26000000

63979000000

65374000000

-135000000 -123000000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The changes in the gains/losses (net of taxes) during the six months ended June 30, 2023 and in the year ended December 31, 2022 of debt securities recognized under the equity heading “Accumulated other comprehensive income – Items that may be reclassified to profit or loss – Fair value changes of debt instruments measured at fair value through other comprehensive income” and equity instruments recognized under the equity heading “Accumulated other comprehensive income – Items that will not be reclassified to profit or loss – Fair value changes of equity instruments measured at fair value through other comprehensive income” in the condensed consolidated balance sheets are as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:24.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other comprehensive income - Changes in gains (losses) (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Debt securities</td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Equity instruments</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022 ⁽¹⁾</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the beginning </td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(809)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,274</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,194)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,079)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Valuation gains and losses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(166)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(3,049)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">123</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(112)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Amounts transferred to income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">20</td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Amounts transferred to Reserves</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(9)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(2)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Income tax and other</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">32</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">946</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(1)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the end</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:center;vertical-align:middle">27</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(943)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(809)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,077)</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">(1,194)</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Figures restated due to the application of IFRS 17 (see Notes 1.3 and 2.1).</div> -809000000 1274000000 -1194000000 -1079000000 -166000000 -3049000000 123000000 -112000000 0 20000000 -9000000 -2000000 32000000 946000000 3000000 -1000000 -943000000 -809000000 -1077000000 -1194000000 Financial assets at amortized costBreakdown of the balance<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets according to the nature of the financial instrument is as follows: </div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:58.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Financial assets at amortized cost (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.1pt">Debt securities (1)</div></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">44,769</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">36,639</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,734</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,401</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,577</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">16,031</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">369,761</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">357,351</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Government</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">23,736</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">20,892</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other financial corporations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,821</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,765</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">165,939</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">165,433</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">167,265</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">158,261</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">438,841</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">414,421</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: impaired assets of loans and advances to customers</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,787</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">13,493</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: loss allowances of loans and advances</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(11,241)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(11,291)</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: loss allowances of debt securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(98)</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(91)</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 2.1 and Appendix III).</div>Loans and advances to customers<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets according to the nature of the financial instrument is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Loans and advances to customers (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">On demand and short notice</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">3,064</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">4,101</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Credit card debt</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">21,446</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">18,898</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Trade receivables</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">22,824</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">25,987</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Finance leases</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">9,091</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,571</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Reverse repurchase agreements</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">102</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">102</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other term loans</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">307,234</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">294,059</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Advances that are not loans</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,001</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,633</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">369,761</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">357,351</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets according to the nature of the financial instrument is as follows: </div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:58.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Financial assets at amortized cost (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.1pt">Debt securities (1)</div></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">44,769</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">36,639</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,734</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,401</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,577</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">16,031</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">369,761</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">357,351</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Government</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">23,736</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">20,892</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other financial corporations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,821</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,765</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">165,939</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">165,433</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">167,265</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">158,261</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">438,841</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">414,421</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: impaired assets of loans and advances to customers</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13,787</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">13,493</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: loss allowances of loans and advances</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.2</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(11,241)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(11,291)</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: loss allowances of debt securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(98)</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(91)</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) This includes redesignations to the heading "Financial assets at fair value through other comprehensive income" due to the application of IFRS 17 (see Note 2.1 and Appendix III).</div> 44769000000 36639000000 6734000000 4401000000

17577000000

16031000000

369761000000

357351000000

23736000000

20892000000

12821000000

12765000000

165939000000

165433000000

167265000000

158261000000

438841000000

414421000000

13787000000

13493000000

11241000000

11291000000

98000000

91000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets according to the nature of the financial instrument is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Loans and advances to customers (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">On demand and short notice</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">3,064</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">4,101</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Credit card debt</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">21,446</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">18,898</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Trade receivables</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">22,824</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">25,987</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Finance leases</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">9,091</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,571</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Reverse repurchase agreements</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">102</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">102</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other term loans</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">307,234</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">294,059</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Advances that are not loans</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,001</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,633</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">369,761</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">357,351</td></tr></table></div>

3064000000

4101000000

21446000000

18898000000

22824000000

25987000000

9091000000

8571000000

102000000

307234000000

294059000000

6001000000

5633000000

369761000000

357351000000

Derivatives – Hedge accounting and fair value changes of the hedged items in portfolio hedges of interest rate risk<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting and fair value changes of the hedged items in portfolio hedge of interest rate risk (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives - Hedge accounting</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,888</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,891</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Fair value changes of the hedged items in portfolio hedges of interest rate risk</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(137)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(148)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives - Hedge accounting</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,486</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,303</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Fair value changes of the hedged items in portfolio hedges of interest rate risk</td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives – Hedge accounting and fair value changes of the hedged items in portfolio hedge of interest rate risk (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives - Hedge accounting</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,888</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,891</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Fair value changes of the hedged items in portfolio hedges of interest rate risk</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(137)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(148)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Derivatives - Hedge accounting</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,486</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,303</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Fair value changes of the hedged items in portfolio hedges of interest rate risk</td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-bottom:1pt solid #FFFFFF;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr></table></div>

1888000000

1891000000

-137000000

-148000000

3486000000

3303000000

Investments in joint ventures and associates<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance of “Investments in joint ventures and associates” in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Joint ventures and associates (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">June 2023</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Joint ventures</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">90</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">100</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Associates</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">839</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">816</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">929</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">916</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance of “Investments in joint ventures and associates” in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Joint ventures and associates (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">June 2023</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Joint ventures</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">90</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">100</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Associates</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">839</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">816</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">929</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">916</td></tr></table></div>

90000000

100000000

839000000

816000000

929000000

916000000

Tangible assets<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance and changes of this heading in the condensed consolidated balance sheets, according to the nature of the related items, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Tangible assets. Breakdown by type (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Property, plant and equipment </td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8,613</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8,441</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">For own use</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8,080</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">7,911</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Land and buildings</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,434</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,255</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Work in progress</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">168</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">93</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Furniture, fixtures and vehicles</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,140</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,833</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Right to use assets</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,989</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,871</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Accumulated depreciation</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(6,455)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(5,920)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Impairment</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(197)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(220)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Leased out under an operating lease</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">533</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">530</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Assets leased out under an operating lease</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">578</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">582</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Accumulated depreciation</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(45)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(52)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Investment property</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">279</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">296</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Building rental </td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">227</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">242</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other </td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Right to use assets</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">232</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">213</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Accumulated depreciation</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(106)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(94)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Impairment</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(76)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(67)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">8,892</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">8,737</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Purchase of Tree Inversiones Inmobiliarias SOCIMI, S.A. (Tree) from Merlin Properties SOCIMI, S.A. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On June 15, 2022, BBVA acquired from Merlin Properties SOCIMI, S.A. the shares representing the entire share capital of Tree Inversiones Inmobiliarias SOCIMI, S.A (hereinafter “Tree”) for an amount of €1,987 million. This company has 662 properties leased to BBVA that were part of the set of properties that BBVA sold between 2009 and 2010 under a sale and leaseback agreement. Prior to that date, these properties were registered as "Rights of use" in the assets of the consolidated balance sheet of the BBVA Group under the headings "Tangible assets - Property, plant and equipment" and "Tangible assets - Investment property" of the consolidated balance sheet and that, in liabilities, the payment obligation was reflected under the heading "Financial liabilities at amortized cost – Other financial liabilities", in accordance with IFRS 16 Leases.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Tree purchase transaction has been considered an asset purchase given that the Group has determined that it is not acquiring a set of activities that present elements that could constitute a business. After the closing of this transaction, the BBVA Group has once again become owner of the properties and recorded them at their acquisition price in the Group's Consolidated Financial Statements as of June 30, 2022. The assets acquired that are not used for the Bank's activity are recorded under the heading "Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale" (see Note 20).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The impact of the transaction amounted to €-201 million (losses net of taxes) which was registered under the headings "Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations” for an amount of €-134 million and “Tax expense or income related to profit or loss from continuing operations” for an amount of €-67 million from the consolidated income statement of the BBVA Group.</div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance and changes of this heading in the condensed consolidated balance sheets, according to the nature of the related items, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Tangible assets. Breakdown by type (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Property, plant and equipment </td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8,613</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8,441</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">For own use</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8,080</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">7,911</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Land and buildings</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,434</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,255</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Work in progress</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">168</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">93</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Furniture, fixtures and vehicles</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,140</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,833</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Right to use assets</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,989</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,871</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Accumulated depreciation</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(6,455)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(5,920)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Impairment</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(197)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(220)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Leased out under an operating lease</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">533</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">530</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Assets leased out under an operating lease</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">578</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">582</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Accumulated depreciation</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(45)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(52)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Investment property</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">279</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">296</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Building rental </td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">227</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">242</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other </td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Right to use assets</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">232</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">213</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Accumulated depreciation</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(106)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(94)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Impairment</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(76)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(67)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">8,892</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">8,737</td></tr></table></div>

8613000000

8441000000

8080000000 7911000000 6434000000 6255000000 168000000 93000000 6140000000 5833000000 1989000000 1871000000 -6455000000 -5920000000 -197000000 -220000000 533000000 530000000 578000000 582000000 -45000000 -52000000

279000000

296000000

227000000

242000000

1000000

2000000

232000000

213000000

106000000

94000000

76000000

67000000

8892000000 8737000000

Intangible assetsGoodwill<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets, according to the cash-generating unit (hereinafter “CGU”) to which goodwill has been allocated, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:37.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.072%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Goodwill. Breakdown by CGU and changes of the year / period (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Mexico</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Turkey</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Colombia</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Chile</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Other</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Total</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance as of December 31, 2021</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">504</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">152</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">134</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">24</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">818</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Additions </td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Exchange difference</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">55</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(16)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">41</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Impairment</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Companies held for sale</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(152)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(152)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance as of December 31, 2022</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">559</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">118</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">25</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">5</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">707</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Additions </td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Exchange difference</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">15</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">85</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Impairment</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Companies held for sale</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance as of June 30, 2023</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">628</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">133</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">27</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">5</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">793</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Impairment test</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As mentioned in Note 2.2.7 of the consolidated financial statements for the year 2022, the CGUs to which goodwill has been allocated are periodically tested for impairment by including the allocated goodwill in their carrying amount. This analysis is performed at least annually or whenever there is any indication of impairment. As of and for the six months ended June 30, 2023, no indicators of impairment have been identified in any CGU.</div>Other intangible assets<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance and changes of this heading in the condensed consolidated balance sheets, according to the nature of the related items, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;border-left:0.25pt solid #ffffff;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other intangible assets (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Computer software acquisition expense</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,448</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,393</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other intangible assets with an infinite useful life</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other intangible assets with a definite useful life</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">34</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">43</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,491</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,449</td></tr></table></div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets, according to the cash-generating unit (hereinafter “CGU”) to which goodwill has been allocated, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:37.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.069%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.072%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Goodwill. Breakdown by CGU and changes of the year / period (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Mexico</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Turkey</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Colombia</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Chile</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Other</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Total</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance as of December 31, 2021</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">504</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">152</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">134</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">24</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">818</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Additions </td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Exchange difference</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">55</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(16)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">41</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Impairment</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Companies held for sale</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(152)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(152)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance as of December 31, 2022</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">559</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">118</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">25</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">5</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">707</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Additions </td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Exchange difference</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">15</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">85</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Impairment</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Companies held for sale</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Balance as of June 30, 2023</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">628</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">133</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">27</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">5</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">793</td></tr></table></div>

504000000

152000000

134000000

24000000

4000000

818000000

55000000

-16000000

1000000

41000000

0 0 0 0 0

-152000000

559000000

118000000

25000000

5000000

707000000

69000000

15000000

1000000

85000000

0 0 0 0 0 0

628000000

133000000

27000000

5000000

793000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance and changes of this heading in the condensed consolidated balance sheets, according to the nature of the related items, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;border-left:0.25pt solid #ffffff;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other intangible assets (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Computer software acquisition expense</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,448</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,393</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other intangible assets with an infinite useful life</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other intangible assets with a definite useful life</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">34</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">43</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,491</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,449</td></tr></table></div>

1448000000

1393000000

9000000

13000000

34000000

43000000

1491000000

1449000000

Tax assets and liabilitiesConsolidated tax group<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Pursuant to current legislation, BBVA consolidated tax group in Spain includes the Bank (as the parent company) and its Spanish subsidiaries that meet the requirements provided for under Spanish legislation regulating the taxation regime for the consolidated profit of corporate groups.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group’s non-Spanish banks and subsidiaries file tax returns in accordance with the tax legislation in force in each country.</div>Current and deferred taxes <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The balance under the heading "Tax assets" in the condensed consolidated balance sheets includes current and deferred tax assets. The balance under the “Tax liabilities” heading includes the Group’s various current and deferred tax liabilities. The details of the mentioned tax assets and liabilities are as follows: </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Tax assets and liabilities (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Tax assets</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Current tax assets</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">2,244</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">1,978</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Deferred tax assets</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,374</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14,747</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">17,618</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">16,725</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Tax liabilities</td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Current tax liabilities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">1,000</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">1,415</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Deferred tax liabilities</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,087</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,520</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,087</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,935</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Tax expense or income related to profit or loss from continuing operations</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The heading "Tax expense or income related to profit or loss from continuing operations" recorded an expense amounting € 1,978 million in the first half of 2023 applying the estimated tax rate for BBVA Group for the year 2023. In the first half of 2022 an expense of €1,650 million was recorded. In 2023, it is included the revaluation for tax purposes of the immovable properties and other depreciable assets of Garanti BBVA AS arising from the application of the temporary article no. 32 as well as paragraph (ç) of article no. 298 of the Tax Procedure Law no. 213; as of June 30, 2023, a corporate income tax expense credit has been generated in the consolidated financial statements of the BBVA Group, amounting to approximately €205 million, due to the higher tax base of the assets. The increase in the tax base of the assets, which represents a corrective effect of inflation with relation to taxation, will be taken into account when calculating the corporate income tax liability every year.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Corporate Income Tax in Turkey</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Following its publication in the Official Gazette on July 15, 2023, Law No. 7456 on Additional Motor Vehicle Tax and Amendments to Certain Laws as well as Decree Law No. 375, for Compensation of Economic Losses Caused by the Earthquakes on February 6, 2023, has entered into force in Turkey. Among other aspects, this Law provides for the modification of the general corporate income tax rate in Turkey from 20% to 25%. However, the general tax rate for banks and financial institutions is increased to 30% (it was already 25%). This change is applicable to profits generated in tax periods beginning on or after January 1, 2023. The Group does not expect significant impacts from this reform.</div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The balance under the heading "Tax assets" in the condensed consolidated balance sheets includes current and deferred tax assets. The balance under the “Tax liabilities” heading includes the Group’s various current and deferred tax liabilities. The details of the mentioned tax assets and liabilities are as follows: </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Tax assets and liabilities (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Tax assets</td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Current tax assets</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">2,244</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">1,978</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Deferred tax assets</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">15,374</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14,747</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">17,618</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">16,725</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">Tax liabilities</td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Current tax liabilities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">1,000</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">1,415</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Deferred tax liabilities</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,087</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,520</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,087</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,935</td></tr></table></div>

2244000000

1978000000

15374000000

14747000000

17618000000 16725000000

1000000000

1415000000

2087000000

1520000000

3087000000 2935000000

1978000000

1650000000

Other assets and liabilities<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other assets and liabilities (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:left;vertical-align:middle">Inventories</td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">456</td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">325</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Transactions in progress</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">68</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">93</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Accruals</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,387</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,461</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other items </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,470</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">706</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,381</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,586</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:left;vertical-align:middle">Transactions in progress</td><td colspan="3" style="border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:right;vertical-align:middle">87</td><td colspan="3" style="border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:right;vertical-align:middle">44</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Accruals</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,524</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,595</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other items</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,727</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,269</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">5,338</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,909</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other assets and liabilities (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">ASSETS</td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:left;vertical-align:middle">Inventories</td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">456</td><td colspan="3" style="border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">325</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Transactions in progress</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">68</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">93</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Accruals</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,387</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,461</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other items </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,470</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">706</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,381</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,586</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">LIABILITIES</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:left;vertical-align:middle">Transactions in progress</td><td colspan="3" style="border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:right;vertical-align:middle">87</td><td colspan="3" style="border-top:1pt solid #C0C0C0;padding:2px 1pt;text-align:right;vertical-align:middle">44</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Accruals</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,524</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,595</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other items</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,727</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,269</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">5,338</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,909</td></tr></table></div>

456000000

325000000

68000000

93000000

1387000000 1461000000 2470000000 706000000

4381000000

2586000000

87000000 44000000 2524000000 2595000000 2727000000 2269000000

5338000000

4909000000

Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The composition of the balance under the heading “Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale” in the condensed consolidated balance sheets, broken down by the origin of the assets, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale. Breakdown by items (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June<div>2023</div></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December<div>2022</div></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">ASSETS</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Foreclosures and recoveries</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">993</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,070</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other assets from tangible assets </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,037</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,063</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Companies held for sale</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">46</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">40</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other assets classified as held for sale</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Accrued amortization </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(89)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(93)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Impairment losses </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(1,020)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(1,057)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">966</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Companies held for sale</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The composition of the balance under the heading “Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale” in the condensed consolidated balance sheets, broken down by the origin of the assets, is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Non-current assets and disposal groups classified as held for sale and liabilities included in disposal groups classified as held for sale. Breakdown by items (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June<div>2023</div></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December<div>2022</div></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">ASSETS</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Foreclosures and recoveries</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">993</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,070</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other assets from tangible assets </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,037</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,063</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Companies held for sale</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">46</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">40</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other assets classified as held for sale</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Accrued amortization </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(89)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(93)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Impairment losses </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(1,020)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(1,057)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">966</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">LIABILITIES</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Companies held for sale</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr></table></div>

993000000

1070000000

1037000000

1063000000

46000000

40000000

89000000

93000000

1020000000

1057000000

966000000

1022000000

Financial liabilities at amortized costBreakdown of the balance <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:57.759%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities measured at amortized cost (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">462,305</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">459,662</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">21,070</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">38,323</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Demand deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">189</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">205</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Time deposits and other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,254</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">33,534</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">9,627</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,584</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">38,891</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26,935</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Demand deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">7,314</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,434</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Time deposits and other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,875</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,787</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">18,703</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,714</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">402,344</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">394,404</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Demand deposits</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">308,688</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">316,082</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Time deposits and other</td><td colspan="3" style="padding:0 1pt 0 7pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">89,588</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">76,063</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="padding:0 1pt 0 7pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,067</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,259</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">63,158</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">55,429</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">16,207</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14,081</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">541,671</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">529,172</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:0.56pt;text-align:justify">The amount recorded in "Deposits from central banks - Time deposits and other" includes the drawdowns of the TLTRO III facilities of the European Central Bank, mainly by BBVA S.A., amounting to €3,660 million and €26,711 million, as of June 30, 2023 and December 31, 2022, respectively, after beginning in December 2022 the repayment of the TLTRO III program, for an approximate amount of €35,000 million.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:0.56pt;text-align:justify">The positive income generated by the drawdowns of the TLTRO III facilities was recorded under the heading of "Interest and other income – Other income" in the condensed consolidated income statement, while the negative remuneration generated by the drawdown of the TLTRO III facilities is recorded under the heading "Interest expense" in the condensed consolidated income statement (see Notes 32.1 and 32.2 respectively).</div>Deposits from credit institutions<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown by geographical area and the nature of the related instruments of this heading in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:36.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.081%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Deposits from credit institutions (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Demand deposits </td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Time deposits and others ⁽¹⁾</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,776</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2,410</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,060</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">5,246</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">640</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">690</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,330</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">16</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">475</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">73</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">565</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">741</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,545</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">58</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,344</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Europe</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,197</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,221</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,511</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">23,929</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of the world</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">944</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,534</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,478</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">7,314</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,875</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">18,703</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">38,891</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">December 2022</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,215</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,429</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">67</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2,709</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">855</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">732</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,587</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">633</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">29</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">672</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">844</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,251</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,095</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Europe</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,613</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,944</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,669</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,226</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of the world</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,897</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,797</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,949</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10,645</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,434</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,787</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,714</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26,935</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify"> (1) Subordinated deposits are included amounting to €34 million and €24 million as of June 30, 2023 and December 31, 2022, respectively.</div>Customer deposits<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown by geographical area and the nature of the related instruments of this heading in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:36.342%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.235%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Customer deposits (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Demand deposits</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Time deposits and others</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">181,940</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13,938</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">3</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">195,880</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">69,117</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,449</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,596</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">85,162</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">19,269</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">23,406</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,273</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">43,948</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26,937</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,694</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">44,631</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Europe</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">9,689</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,272</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,196</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">27,157</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of the world</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,736</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,830</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,565</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">308,688</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">89,588</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,067</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">402,344</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">December 2022</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">188,803</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13,937</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">202,742</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">64,671</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,916</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">630</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">78,217</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">22,117</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,254</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">747</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">40,118</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">27,083</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14,505</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">41,587</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Europe</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,670</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14,224</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">880</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26,774</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of the world</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,737</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,228</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,965</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">316,082</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">76,063</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,259</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">394,404</td></tr></table></div>Debt certificates<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the condensed balance under this heading, by type of financial instrument and by currency, is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Debt certificates (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">In Euros</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">41,976</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">35,611</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Promissory bills and notes</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">3,076</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,079</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Non-convertible bonds and debentures</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,519</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">16,979</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Covered bonds </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,809</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">7,665</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Hybrid financial instruments ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,062</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">959</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Securitization bonds</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,412</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,501</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Wholesale funding</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,175</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">139</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Subordinated liabilities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">7,922</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,289</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Convertible perpetual certificates</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,000</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,000</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other non-convertible subordinated liabilities</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,922</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,289</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">In foreign currencies</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">21,182</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">19,819</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Promissory bills and notes</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">299</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">351</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Non-convertible bonds and debentures</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">9,467</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">9,323</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Covered bonds </td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">103</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">114</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Hybrid financial instruments ⁽¹⁾</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,266</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,724</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Securitization bonds</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Wholesale funding</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">57</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">111</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Subordinated liabilities</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,991</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,196</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Convertible perpetual certificates</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,842</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,876</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other non-convertible subordinated liabilities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,149</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,320</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle"> Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">63,158</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">55,429</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Corresponds to structured note issuances with embedded derivatives that have been segregated according to IFRS 9.</div>Other financial liabilities<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other financial liabilities (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Lease liabilities </td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,407</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,398</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Creditors for other financial liabilities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,229</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,584</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Collection accounts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,806</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,426</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Creditors for other payment obligations </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,765</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,673</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">16,207</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">14,081</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:57.759%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities measured at amortized cost (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">462,305</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">459,662</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from central banks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">21,070</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">38,323</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Demand deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">189</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">205</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Time deposits and other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,254</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">33,534</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">9,627</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,584</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">38,891</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26,935</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Demand deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">7,314</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,434</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Time deposits and other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,875</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,787</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 7pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">18,703</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,714</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">402,344</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">394,404</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Demand deposits</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">308,688</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">316,082</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Time deposits and other</td><td colspan="3" style="padding:0 1pt 0 7pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">89,588</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">76,063</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 25pt;text-align:left;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="padding:0 1pt 0 7pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4,067</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,259</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Debt certificates issued</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">63,158</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">55,429</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other financial liabilities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">16,207</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">14,081</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">541,671</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">529,172</td></tr></table></div> 462305000000 459662000000

21070000000

38323000000

189000000

205000000

11254000000

33534000000

9627000000

4584000000

38891000000

26935000000

7314000000

11434000000

12875000000

11787000000

18703000000

3714000000

402344000000

394404000000

308688000000

316082000000

89588000000

76063000000

4067000000

2259000000

63158000000

55429000000

16207000000

14081000000

541671000000

529172000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown by geographical area and the nature of the related instruments of this heading in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:36.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.081%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Deposits from credit institutions (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Demand deposits </td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Time deposits and others ⁽¹⁾</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,776</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2,410</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,060</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">5,246</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">640</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">690</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,330</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">16</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">475</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">73</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">565</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">741</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,545</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">58</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,344</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Europe</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,197</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,221</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,511</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">23,929</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of the world</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">944</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,534</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,478</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">7,314</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,875</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">18,703</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">38,891</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">December 2022</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,215</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,429</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">67</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2,709</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">855</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">732</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,587</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">633</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">29</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">672</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">844</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,251</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,095</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Europe</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,613</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,944</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,669</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,226</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of the world</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,897</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,797</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,949</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10,645</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,434</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,787</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,714</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26,935</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify"> (1) Subordinated deposits are included amounting to €34 million and €24 million as of June 30, 2023 and December 31, 2022, respectively.</div>

1776000000

2410000000

1060000000

5246000000

640000000

690000000

1330000000

16000000

475000000

73000000

565000000

741000000

2545000000

58000000

3344000000

3197000000

3221000000

17511000000

23929000000

944000000

3534000000

4478000000

7314000000

12875000000

18703000000

38891000000

1215000000

1429000000

67000000

2709000000

855000000

732000000

1587000000

10000000

633000000

29000000

672000000

844000000

2251000000

3095000000

3613000000

2944000000

1669000000

8226000000

4897000000

3797000000

1949000000

10645000000

11434000000

11787000000

3714000000

26935000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown by geographical area and the nature of the related instruments of this heading in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:36.342%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.924%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.235%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Customer deposits (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Demand deposits</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Time deposits and others</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Repurchase agreements</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">Total</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">181,940</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13,938</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">3</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">195,880</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">69,117</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,449</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,596</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">85,162</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">19,269</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">23,406</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,273</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">43,948</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">26,937</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">17,694</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">44,631</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Europe</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">9,689</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,272</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,196</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">27,157</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of the world</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,736</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,830</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,565</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">308,688</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">89,588</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,067</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">402,344</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.18pt;text-align:left;text-indent:-0.18pt;vertical-align:middle">December 2022</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Spain</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">188,803</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13,937</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">202,742</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Mexico</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">64,671</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">12,916</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">630</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">78,217</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Turkey</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">22,117</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,254</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">747</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">40,118</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">South America</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">27,083</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14,505</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">41,587</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of Europe</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,670</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14,224</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">880</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">26,774</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Rest of the world</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,737</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,228</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,965</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">316,082</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">76,063</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,259</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">394,404</td></tr></table></div>

181940000000

13938000000

3000000

195880000000

69117000000

14449000000

1596000000

85162000000

19269000000

23406000000

1273000000

43948000000

26937000000

17694000000

44631000000

9689000000

16272000000

1196000000

27157000000

1736000000

3830000000

5565000000

308688000000

89588000000

4067000000

402344000000

188803000000

13937000000

2000000

202742000000

64671000000

12916000000

630000000

78217000000

22117000000

17254000000

747000000

40118000000

27083000000

14505000000

41587000000

11670000000

14224000000

880000000

26774000000

1737000000

3228000000

4965000000

316082000000

76063000000

2259000000

394404000000

Debt certificates<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the condensed balance under this heading, by type of financial instrument and by currency, is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Debt certificates (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">In Euros</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">41,976</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">35,611</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Promissory bills and notes</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">3,076</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,079</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Non-convertible bonds and debentures</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,519</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">16,979</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Covered bonds </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,809</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">7,665</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Hybrid financial instruments ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,062</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">959</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Securitization bonds</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,412</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2,501</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Wholesale funding</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,175</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">139</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Subordinated liabilities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">7,922</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,289</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Convertible perpetual certificates</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,000</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,000</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other non-convertible subordinated liabilities</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,922</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,289</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">In foreign currencies</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">21,182</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">19,819</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Promissory bills and notes</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">299</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">351</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Non-convertible bonds and debentures</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">9,467</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">9,323</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Covered bonds </td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">103</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">114</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Hybrid financial instruments ⁽¹⁾</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,266</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,724</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Securitization bonds</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Wholesale funding</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">57</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">111</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Subordinated liabilities</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,991</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">6,196</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Convertible perpetual certificates</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,842</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,876</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Other non-convertible subordinated liabilities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,149</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,320</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle"> Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">63,158</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">55,429</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Corresponds to structured note issuances with embedded derivatives that have been segregated according to IFRS 9.</div> 41976000000 35611000000 3076000000 1079000000 17519000000 16979000000 6809000000 7665000000 1062000000 959000000 2412000000 2501000000 3175000000 139000000 7922000000 6289000000 4000000000 3000000000 3922000000 3289000000 21182000000 19819000000 299000000 351000000 9467000000 9323000000 103000000 114000000 4266000000 3724000000 0 0 57000000 111000000 6991000000 6196000000 1842000000 1876000000 5149000000 4320000000 63158000000 55429000000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other financial liabilities (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Lease liabilities </td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,407</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,398</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Creditors for other financial liabilities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,229</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,584</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Collection accounts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">4,806</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,426</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Creditors for other payment obligations </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,765</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">5,673</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">16,207</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">14,081</td></tr></table></div>

1407000000

1398000000

4229000000

3584000000

4806000000

3426000000

5765000000

5673000000

16207000000

14081000000

Assets and liabilities under insurance and reinsurance contracts<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of June 30, 2023 and December 31, 2022, the balance under this heading "Insurance and reinsurance assets" amounted to €212 million and €183 million, respectively.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the condensed balance under the heading “Liabilities under insurance and reinsurance contracts” is as follows: </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Liabilities under insurance and reinsurance contracts (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June<div>2023</div></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December<div>2022</div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Liabilities for remaining coverage</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">10,460</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">9,157</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Liabilities for incurred claims</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,078</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">974</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,537</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10,131</td></tr></table></div>

212000000

183000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the condensed balance under the heading “Liabilities under insurance and reinsurance contracts” is as follows: </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Liabilities under insurance and reinsurance contracts (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June<div>2023</div></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December<div>2022</div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Liabilities for remaining coverage</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">10,460</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">9,157</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Liabilities for incurred claims</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,078</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">974</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11,537</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10,131</td></tr></table></div>

10460000000

9157000000

1078000000

974000000

11537000000

10131000000

Provisions<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets, based on type of provisions, is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Provisions. Breakdown by concepts (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Provisions for pensions and similar obligations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2,581</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2,632</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other long term employee benefits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">454</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">466</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Provisions for taxes and other legal contingencies</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">686</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">685</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Commitments and guarantees given</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">748</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">770</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other provisions ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">390</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">380</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,859</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,933</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Individually non-significant provisions for various concepts and corresponding to different geographical areas.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Ongoing legal proceedings and litigation</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The financial sector faces an environment of increased regulatory pressure and litigation. In this environment, the various Group entities are often sued on lawsuits and are therefore involved in individual or collective legal proceedings and litigation arising from their activity and operations, including proceedings arising from their lending activity, from their labor relations and from other commercial, regulatory or tax issues, as well as in arbitration.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On the basis of the information available, the Group considers that, at June 30, 2023, the provisions made in relation to judicial proceedings and arbitration, where so required, are adequate and reasonably cover the liabilities that might arise, if any, from such proceedings. Furthermore, on the basis of the information available and with the exceptions indicated in Note 6.1 "Risk factors", BBVA considers that the liabilities that may arise from such proceedings will not have, individually, a significant adverse effect on the Group's business, financial situation or results of operations.</div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheets, based on type of provisions, is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Provisions. Breakdown by concepts (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Provisions for pensions and similar obligations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2,581</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2,632</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other long term employee benefits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">454</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">466</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Provisions for taxes and other legal contingencies</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">6.1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">686</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">685</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Commitments and guarantees given</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">30</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">748</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">770</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other provisions ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">390</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">380</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,859</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,933</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Individually non-significant provisions for various concepts and corresponding to different geographical areas.</div>

2581000000

2632000000

454000000 466000000

686000000

685000000

748000000 770000000

390000000

380000000

4859000000

4933000000

Pension and other post-employment commitments<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Group sponsors defined-contribution plans for the majority of its active employees, with the plans in Spain and Mexico being the most significant. Most of the defined benefit plans are for individuals already retired, and are closed to new employees, the most significant being those in Spain, Mexico and Turkey. In Mexico, the Group provides post-retirement medical benefits to a closed group of employees and their family members, both in active service and retirement.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The amounts relating to post-employment benefits charged to the condensed consolidated income statement are as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Condensed consolidated income statement impact (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Interest income and expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">66</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">21</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Personnel expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">92</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">61</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Defined contribution plan expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">38.1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">41</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Defined benefit plan expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">38.1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">23</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">20</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Provisions or (reversal) of provisions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">40</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">32</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(49)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total expense (income)</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">191</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">34</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The amounts relating to post-employment benefits charged to the condensed consolidated income statement are as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Condensed consolidated income statement impact (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Interest income and expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">66</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">21</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Personnel expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">92</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">61</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Defined contribution plan expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">38.1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">41</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Defined benefit plan expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">38.1</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">23</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">20</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Provisions or (reversal) of provisions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">40</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">32</td><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(49)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total expense (income)</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">191</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">34</td></tr></table></div> 66000000 21000000 92000000 61000000 69000000 41000000 23000000 20000000 32000000 -49000000 191000000 34000000 Capital<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of June 30, 2023 BBVA’s share capital amounted to €2,923,081,772.45 divided into 5,965,473,005 shares (€2,954,757,116.36 divided into 6,030,116,564 shares as of December 31, 2022). The variation is due to the partial execution, notified on June 2, 2023, of the share capital reduction resolution adopted by the Ordinary General Shareholders' Meeting of BBVA held on March 17, 2023, under item 3 of the agenda (see Note 4).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of such dates mentioned, all shares were fully subscribed and paid-up, of the same class and series, of €0.49 par value each, and represented through book-entry accounts. All of the Bank´s shares carry the same voting and dividend rights, and no single stockholder enjoys special voting rights. Each and every share is part of the Bank’s capital.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">BBVA is not aware of any direct or indirect interests through which control of the Bank may be exercised. BBVA has not received any information on stockholder agreements including the regulation of the exercise of voting rights at its Annual General Meetings or restricting or placing conditions on the free transferability of BBVA shares. BBVA is not aware of any agreement that could give rise to changes in the control of the Bank.</div> Retained earnings and other reserves<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheet is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Retained earnings and other reserves (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Retained earnings</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">36,379</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">32,711</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other reserves </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">2,250</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">2,345</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">38,629</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">35,056</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheet is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Retained earnings and other reserves (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Retained earnings</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">36,379</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">32,711</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other reserves </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">2,250</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">2,345</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">38,629</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">35,056</td></tr></table></div>

36379000000

32711000000

2250000000

2345000000

38629000000 35056000000 Accumulated other comprehensive income<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheet is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:63.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.909%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.691%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Accumulated other comprehensive income (loss). Breakdown by concepts (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June<div>2023</div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Items that will not be reclassified to profit or loss</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1,958)</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1,881)</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Actuarial gains (losses) on defined benefit pension plans</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(939)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(760)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-current assets and disposal groups classified as held for sale</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Fair value changes of equity instruments measured at fair value through other comprehensive income</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">12.2</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,077)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,194)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">58</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">72</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Items that may be reclassified to profit or loss</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(14,961)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(15,760)</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Hedge of net investments in foreign operations (effective portion)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(2,197)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1,408)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Mexican peso</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(2,835)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,751)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Turkish lira</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">657</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">358</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other exchanges</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(19)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(15)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Foreign currency translation </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(11,573)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(13,078)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Mexican peso</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(465)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(2,791)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Turkish lira</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(7,598)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(6,599)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Argentine peso</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(910)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(868)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Venezuela Bolívar</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,866)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,850)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other exchanges</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(733)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(969)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Hedging derivatives. Cash flow hedges (effective portion)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(243)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(447)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle">Fair value changes of debt instruments measured at fair value through other comprehensive income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">12.2</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(943)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(809)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-current assets and disposal groups classified as held for sale</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Share of other recognized income and expense of investments in joint ventures and associates</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(5)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(18)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(16,919)</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(17,642)</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The balances recognized under these headings are presented net of tax.</div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated balance sheet is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:63.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.909%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.691%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Accumulated other comprehensive income (loss). Breakdown by concepts (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June<div>2023</div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Items that will not be reclassified to profit or loss</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1,958)</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1,881)</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Actuarial gains (losses) on defined benefit pension plans</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(939)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(760)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-current assets and disposal groups classified as held for sale</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Fair value changes of equity instruments measured at fair value through other comprehensive income</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">12.2</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,077)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,194)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">58</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">72</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Items that may be reclassified to profit or loss</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(14,961)</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(15,760)</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Hedge of net investments in foreign operations (effective portion)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(2,197)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1,408)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Mexican peso</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(2,835)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,751)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Turkish lira</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">657</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">358</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other exchanges</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(19)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(15)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Foreign currency translation </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(11,573)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(13,078)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Mexican peso</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(465)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(2,791)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Turkish lira</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(7,598)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(6,599)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Argentine peso</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(910)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(868)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Venezuela Bolívar</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,866)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,850)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other exchanges</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(733)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(969)</td></tr><tr><td colspan="3" style="border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Hedging derivatives. Cash flow hedges (effective portion)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(243)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(447)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle">Fair value changes of debt instruments measured at fair value through other comprehensive income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">12.2</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(943)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(809)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-current assets and disposal groups classified as held for sale</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Share of other recognized income and expense of investments in joint ventures and associates</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(5)</td><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(18)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(16,919)</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(17,642)</td></tr></table></div> -1958000000 -1881000000 -939000000 -760000000 0 0 -1077000000 -1194000000 58000000 72000000 -14961000000 -15760000000 -2197000000 -1408000000 -2835000000 -1751000000 657000000 358000000 -19000000 -15000000 -11573000000 -13078000000 -465000000 -2791000000 -7598000000 -6599000000 -910000000 -868000000 -1866000000 -1850000000 -733000000 -969000000 -243000000 -447000000 -943000000 -809000000 0 0 -5000000 -18000000

-16919000000

-17642000000

Non-controlling interest<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown by groups of consolidated entities of the balance under the heading “Minority interests (non-controlling interest)” of the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Non-controlling interests. Breakdown by subgroups (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Garanti BBVA</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,012</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,179</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Peru</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,535</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,469</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Argentina</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">694</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">687</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Colombia</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">72</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">73</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Venezuela</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">96</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">95</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other entities</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">109</td><td colspan="3" style="border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">119</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,517</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,623</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">These amounts are broken down by groups of consolidated entities under the heading “Profit (Loss) - Attributable to minority interest (non-controlling interest)” in the condensed consolidated income statement: </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Profit attributable to non-controlling interests. Breakdown by subgroups (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Garanti BBVA</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">92</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(61)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Peru</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">129</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">130</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Argentina</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">46</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">45</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Colombia</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(3)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Venezuela</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other entities</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(11)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(3)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">266</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">117</td></tr></table></div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown by groups of consolidated entities of the balance under the heading “Minority interests (non-controlling interest)” of the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Non-controlling interests. Breakdown by subgroups (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Garanti BBVA</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,012</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,179</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Peru</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,535</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,469</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Argentina</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">694</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">687</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Colombia</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">72</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">73</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Venezuela</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">96</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">95</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other entities</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">109</td><td colspan="3" style="border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">119</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,517</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,623</td></tr></table></div>

1012000000

1179000000

1535000000

1469000000

694000000

687000000

72000000

73000000

96000000

95000000

109000000

119000000

3517000000

3623000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">These amounts are broken down by groups of consolidated entities under the heading “Profit (Loss) - Attributable to minority interest (non-controlling interest)” in the condensed consolidated income statement: </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Profit attributable to non-controlling interests. Breakdown by subgroups (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Garanti BBVA</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">92</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(61)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Peru</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">129</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">130</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Argentina</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">46</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">45</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Colombia</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(3)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">BBVA Venezuela</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">13</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other entities</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(11)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(3)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">266</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">117</td></tr></table></div>

92000000

-61000000

129000000

130000000

46000000

45000000

-3000000

4000000

13000000

2000000

-11000000

-3000000

266000000

117000000

Capital base and capital management<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The eligible capital instruments and the risk-weighted assets of the Group (phased-in) are shown below, calculated in accordance with the applicable regulation, considering the entities in scope required by such regulation, as of June 30, 2023 and December 31, 2022:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Capital ratios (phased-in)</td></tr><tr><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023 ⁽¹⁾ ⁽²⁾</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Eligible Common Equity Tier 1 capital (millions of Euros) (a)</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">45,153</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">42,738</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Eligible Additional Tier 1 capital (millions of Euros) (b)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,171</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,193</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Eligible Tier 2 capital (millions of Euros) (c)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,930</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Risk Weighted Assets (millions of Euros) (d)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">347,488</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">337,066</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Common Tier 1 capital ratio (CET 1) (A)=(a)/(d)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.99 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.68 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Additional Tier 1 capital ratio (AT 1) (B)=(b)/(d)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.78 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.54 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Tier 1 capital ratio (Tier 1) (A)+(B)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14.77 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14.22 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Tier 2 capital ratio (Tier 2) (C)=(c)/(d)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.02 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.76 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total capital ratio (A)+(B)+(C)</td><td colspan="2" style="background-color:#5AC4C4;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16.79 </td><td style="background-color:#5AC4C4;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="background-color:#5AC4C4;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15.98 </td><td style="background-color:#5AC4C4;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Provisional data.</div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(2) The difference between the phased-in and fully-loaded ratios arises from the temporary treatment of certain capital items, mainly as a result of the impact of IFRS 9, to which the BBVA Group has adhered voluntarily (in accordance with article 473bis of the CRR and the subsequent amendments introduced by the Regulation (EU) 2020/873). In 2023, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">BBVA’s fully-loaded CET1 ratio stood at 12.99% as of June 30, 2023, which represents an increase of +38 basis points compared to December 31, 2022, being equal to the consolidated phased-in CET1 (12.99%, which represents an increase of +31 basis points in the first half of the year), as a result of the fact that, as of June 30, 2023, the transitory adjustments for the treatment of the impacts of IFRS 9 have no effect on capital ratios.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">These ratios include the supervisory effect included during the first quarter of 2023, with an impact of -20 basis points of CET1. Additionally, the reversal of the CET1 deduction for the prudential hedging of non-performing exposures is included, once it has been incorporated in the Group's capital requirement, resulting in an impact of +19 basis points. Excluding these effects, the fully-loaded CET1 ratio, as of June 30, 2023, increased by +39 basis points compared to December 31, 2022. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Fully-loaded risk-weighted assets (RWA) increased in the first half of the year by €10,603 million, mainly as a result of organic generation, which was partially offset by the effect of changes in exchange rates.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The fully-loaded additional Tier 1 capital ratio (AT1) stood at 1.78% (1.78% phased-in) as of June 30, 2023, which includes the effect of the issuance of perpetual contingent convertible securities (CoCos), carried out in June 2023 for a total nominal amount of €1,000 million.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The fully-loaded Tier 2 ratio stood at 2.02%, as of June 30, 2023, which represents an increase of +23 basis points compared to December 31, 2022, mainly due to the issuance of subordinated bonds in Spain with a nominal amount of €750 million and another in Mexico for a nominal amount of $1,000 million, both in June 2023. The phased-in Tier 2 ratio also stood at 2.02%.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As a result of the above, the total fully-loaded capital ratio stood at 16.79% as of June 30, 2023, and total phased-in ratio stood at 16.79%.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">With regard to MREL (Minimum Requirement for own funds and Eligible Liabilities) requirements, on March, 8, 2022 BBVA disclosed the reception of a communication from the Bank of Spain regarding its minimum requirement for own funds and eligible liabilities, established by the Single Resolution Board (hereinafter "SRB"), calculated taking into account the financial and supervisory information as of June 30, 2021.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In accordance with this communication, BBVA must maintain, as from January 1, 2022, an amount of own funds and eligible liabilities equal to 21.46% of the total RWA of its resolution group, on sub-consolidated level (hereinafter, the "MREL in RWA"), within this MREL in RWA, an amount equal to 13.50% of the RWA shall be met with subordinated instruments (the "subordination requirement in RWA").The MREL in RWA and the subordination requirement in RWA do not include the combined capital buffer requirement which, according to applicable regulations and supervisory criteria, would be estimated at 3.32%, considering the exposures subject to the calculation of the countercyclical buffer as of June 30, 2023.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In addition, BBVA has to reach, since January 1, 2022, an amount of own funds and eligible liabilities in terms of the total exposure considered for calculating the leverage ratio equal to 7.27% (the “MREL in LR”) of which 5.61% in terms of the total exposure considered for calculating the leverage ratio shall be satisfied with subordinated instruments (the "subordination requirement in LR").</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Given the own funds and eligible liabilities structure of the resolution group, as of June 30, 2023, the MREL in RWA ratio stood at 28.05%, complying with the aforementioned requirement. Finally, as of June 30, 2023, the MREL in LR was 11.25% and the subordination ratios in terms of RWA and in terms of LR were 22.90% and 9.18%, respectively. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On June 14, 2023 the Group disclosed the reception of a new communication from the Bank of Spain regarding its MREL requirement, established by the SRB, calculated taking into account the financial and supervisory information as of December 31, 2021. In accordance with this new communication, BBVA has to reach, starting January 1, 2024 a MREL in RWA equal to 22.11% and a subordination requirement in RWA equal to 13.50%. The MREL in RWA and the subordination requirement in RWA do not include the applicable combined capital buffer requirement which, according to applicable regulations and supervisory criteria, would be estimated at 3.32%, considering the exposures subject to the calculation of the countercyclical buffer as of June 30, 2023. Given the own funds and eligible liabilities structure of the resolution group, as of June 30, 2023 the MREL in RWA met the requirement. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the leverage ratio as of June 30, 2023 and December 31, 2022, calculated according to CCR, is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Leverage ratio</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023 ⁽¹⁾</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Tier 1 (millions of Euros) (a)</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">51,324</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">47,931</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Exposure to leverage ratio (millions of Euros) (b)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">792,051</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">738,413</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Leverage ratio (a)/(b) (percentage)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.48 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.49 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Provisional data</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Finally, as of June 30, 2023, the phased-in leverage ratio, which includes the transitory treatment of certain capital elements (mainly the impact of IFRS 9), stood at 6.48% with a slight reduction in the first half of the year, which is mainly explained by the increase in the exposure to the leverage ratio, offset in part by the increase in Tier 1 capital.</div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The eligible capital instruments and the risk-weighted assets of the Group (phased-in) are shown below, calculated in accordance with the applicable regulation, considering the entities in scope required by such regulation, as of June 30, 2023 and December 31, 2022:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Capital ratios (phased-in)</td></tr><tr><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023 ⁽¹⁾ ⁽²⁾</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Eligible Common Equity Tier 1 capital (millions of Euros) (a)</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">45,153</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">42,738</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Eligible Additional Tier 1 capital (millions of Euros) (b)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">6,171</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,193</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Eligible Tier 2 capital (millions of Euros) (c)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7,021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5,930</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Risk Weighted Assets (millions of Euros) (d)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">347,488</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">337,066</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Common Tier 1 capital ratio (CET 1) (A)=(a)/(d)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.99 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.68 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Additional Tier 1 capital ratio (AT 1) (B)=(b)/(d)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.78 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.54 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Tier 1 capital ratio (Tier 1) (A)+(B)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14.77 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14.22 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Tier 2 capital ratio (Tier 2) (C)=(c)/(d)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.02 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.76 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total capital ratio (A)+(B)+(C)</td><td colspan="2" style="background-color:#5AC4C4;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16.79 </td><td style="background-color:#5AC4C4;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="background-color:#5AC4C4;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15.98 </td><td style="background-color:#5AC4C4;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Provisional data.</div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(2) The difference between the phased-in and fully-loaded ratios arises from the temporary treatment of certain capital items, mainly as a result of the impact of IFRS 9, to which the BBVA Group has adhered voluntarily (in accordance with article 473bis of the CRR and the subsequent amendments introduced by the Regulation (EU) 2020/873). In 2023, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment.</div> 45153000000 42738000000 6171000000 5193000000 7021000000 5930000000 347488000000 337066000000 0.1299 0.1268 0.0178 0.0154 0.1477 0.1422 0.0202 0.0176 0.1679 0.1598 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the leverage ratio as of June 30, 2023 and December 31, 2022, calculated according to CCR, is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Leverage ratio</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023 ⁽¹⁾</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Tier 1 (millions of Euros) (a)</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">51,324</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">47,931</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Exposure to leverage ratio (millions of Euros) (b)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">792,051</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">738,413</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Leverage ratio (a)/(b) (percentage)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.48 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.49 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Provisional data</div> 51324000000 47931000000 792051000000 738413000000 0.0648 0.0649 0.0648 Commitments and guarantees given<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Commitments and guarantees given (Millions of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1.49pt 0 1pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1.49pt 0 1pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">6.2.2</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">155,009</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">136,920</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: impaired</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">164</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">177</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">162</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">2,410</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,031</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">27,971</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">15,407</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,962</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,895</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">67,741</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">68,120</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Households </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">50,763</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">44,467</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial guarantees given</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">6.2.2</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,007</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,511</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: impaired ⁽¹⁾</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">233</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">281</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">173</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">96</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">430</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">475</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,311</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,263</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13,951</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,541</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Households </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">142</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">135</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments given </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">6.2.2</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">39,561</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">39,137</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: impaired ⁽¹⁾</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">672</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">689</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">304</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">215</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,976</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,134</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,897</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,758</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">33,211</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">32,858</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Households </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">174</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">171</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">6.2.2</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">210,578</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">192,568</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Impaired financial guarantees given amounted to €905 and €970 million, respectively, as of June 30, 2023 and December 31, 2022, respectively.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of June 30, 2023 and December 31, 2022, the provisions for loan commitments given, financial guarantees given and other commitments given, recorded in the consolidated balance sheet amounted €239 million, €138 million and €372 million; and €243 million, €175 million and €353 million, respectively (see Note 23). </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Since a significant portion of the amounts above will expire without any payment being made by the consolidated entities, the aggregate balance of these commitments cannot be considered the actual future requirement for financing or liquidity to be provided by the BBVA Group to third parties.</div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated balance sheets is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Commitments and guarantees given (Millions of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1.49pt 0 1pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1.49pt 0 1pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">6.2.2</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">155,009</td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">136,920</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: impaired</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">164</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">177</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">162</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">2,410</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,031</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">27,971</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">15,407</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,962</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5,895</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">67,741</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">68,120</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Households </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">50,763</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">44,467</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial guarantees given</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">6.2.2</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,007</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">16,511</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: impaired ⁽¹⁾</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">233</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">281</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">173</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">96</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">430</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">475</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,311</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,263</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13,951</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">14,541</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Households </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">142</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">135</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments given </td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">6.2.2</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">39,561</td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">39,137</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #FFFFFF;border-top:1pt solid #dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: impaired ⁽¹⁾</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">672</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #dbdbdb;padding:2px 1pt;text-align:right;vertical-align:middle">689</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Central banks</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">General governments</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">304</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">215</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Credit institutions</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3,976</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4,134</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other financial corporations</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,897</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,758</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial corporations</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">33,211</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">32,858</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Households </td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">174</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">171</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">6.2.2</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">210,578</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">192,568</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Impaired financial guarantees given amounted to €905 and €970 million, respectively, as of June 30, 2023 and December 31, 2022, respectively.</div> 155009000000 136920000000 164000000 177000000 162000000 0 2410000000 3031000000 27971000000 15407000000 5962000000 5895000000 67741000000 68120000000 50763000000 44467000000 16007000000 16511000000 233000000 281000000 0 0 173000000 96000000 430000000 475000000 1311000000 1263000000 13951000000 14541000000 142000000 135000000 39561000000 39137000000 672000000 689000000 0 0 304000000 215000000 3976000000 4134000000 1897000000 1758000000 33211000000 32858000000 174000000 171000000 210578000000 192568000000 Other contingent assets and liabilitiesAs of June 30, 2023 and December 31, 2022, there were no material contingent assets or liabilities other than those disclosed in these Notes.

Net interest incomeInterest and other income<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the interest and other income recognized in the condensed consolidated income statement is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Interest and other income. Breakdown by origin (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2,093</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">774</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,913</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,304</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,305</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10,395</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Insurance activity</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">493</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">602</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Adjustments of income as a result of hedging transactions </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(57)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(63)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other income ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">149</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">391</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">21,897</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">13,403</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;text-align:justify">(1) The balance includes the interest accrued from TLTRO III operations which amounted to €191 million for the six months ended June 30, 2022 (See Note 21.1).</div>Interest expense<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.739%"><tr><td style="width:1.0%"></td><td style="width:68.035%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.333%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Interest expense. Breakdown by origin (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities held for trading </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,532</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">553</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities designated at fair value through profit or loss </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">51</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">20</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities at amortized cost </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,215</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,775</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Adjustments of expense as a result of hedging transactions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">296</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(178)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Insurance activity</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">294</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">439</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Cost attributable to pension funds</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">59</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">31</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other expense</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">40</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">225</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">10,487</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,865</td></tr></table></div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the interest and other income recognized in the condensed consolidated income statement is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Interest and other income. Breakdown by origin (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets held for trading</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2,093</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">774</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,913</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,304</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">17,305</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">10,395</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Insurance activity</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">493</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">602</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Adjustments of income as a result of hedging transactions </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(57)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(63)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other income ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">149</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">391</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">21,897</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">13,403</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;text-align:justify">(1) The balance includes the interest accrued from TLTRO III operations which amounted to €191 million for the six months ended June 30, 2022 (See Note 21.1).</div>

2093000000

774000000

1913000000 1304000000 17305000000 10395000000 493000000 602000000 -57000000 -63000000 149000000 391000000

21897000000

13403000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.739%"><tr><td style="width:1.0%"></td><td style="width:68.035%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.333%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Interest expense. Breakdown by origin (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities held for trading </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,532</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">553</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities designated at fair value through profit or loss </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">51</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">20</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Financial liabilities at amortized cost </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8,215</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">3,775</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Adjustments of expense as a result of hedging transactions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">296</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(178)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Insurance activity</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">294</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">439</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Cost attributable to pension funds</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">59</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">31</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other expense</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">40</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">225</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">10,487</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,865</td></tr></table></div>

1532000000

553000000

51000000

20000000

8215000000 3775000000 296000000 -178000000 294000000 439000000 59000000 31000000 40000000 225000000

10487000000

4865000000

Dividend income<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The balances for this heading in the condensed consolidated income statements correspond to dividends on shares and equity instruments other than those from shares in entities accounted for using the equity method, as per the breakdown below:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Dividend income (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">10</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">73</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">76</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The balances for this heading in the condensed consolidated income statements correspond to dividends on shares and equity instruments other than those from shares in entities accounted for using the equity method, as per the breakdown below:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Dividend income (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Non-trading financial assets mandatorily at fair value through profit or loss</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">10</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">63</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">73</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">76</td></tr></table></div>

10000000

13000000

63000000

73000000

76000000

Fee and commission income and expense <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Fee and commission income. Breakdown by origin (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Bills receivables</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Demand accounts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">165</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">233</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Credit and debit cards and POS</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,968</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,610</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Checks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">89</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">81</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Transfers and other payment orders</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">422</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">389</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Insurance product commissions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">180</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">127</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">139</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">123</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments and financial guarantees given</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">225</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">200</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Asset management</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">670</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">610</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Securities fees</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">148</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">131</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Custody securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">100</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">91</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other fees and commissions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">379</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">354</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,498</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,964</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fee and commission expense. Breakdown by origin (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Demand accounts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Credit and debit cards</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,022</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">851</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Transfers and other payment orders</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">75</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">62</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Commissions for selling insurance</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">24</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">24</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Custody securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">42</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">48</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other fees and commissions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">425</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">318</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,590</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,305</td></tr></table></div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Fee and commission income. Breakdown by origin (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Bills receivables</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Demand accounts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">165</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">233</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Credit and debit cards and POS</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,968</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,610</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Checks</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">89</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">81</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Transfers and other payment orders</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">422</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">389</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Insurance product commissions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">180</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">127</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">139</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">123</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments and financial guarantees given</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">225</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">200</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Asset management</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">670</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">610</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Securities fees</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">148</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">131</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Custody securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">100</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">91</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other fees and commissions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">379</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">354</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">4,498</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,964</td></tr></table></div> 13000000 13000000 165000000 233000000 1968000000 1610000000 89000000 81000000 422000000 389000000 180000000 127000000 139000000 123000000 225000000 200000000

670000000

610000000

148000000

131000000

100000000 91000000

379000000

354000000

4498000000

3964000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fee and commission expense. Breakdown by origin (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Demand accounts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Credit and debit cards</td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,022</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">851</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Transfers and other payment orders</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">75</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">62</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Commissions for selling insurance</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">24</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">24</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Custody securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">42</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">48</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other fees and commissions</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">425</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">318</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,590</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,305</td></tr></table></div> 2000000 2000000 1022000000 851000000 75000000 62000000 24000000 24000000 42000000 48000000

425000000

318000000

1590000000

1305000000

Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences, net <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings, by source of the related items, in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences, net (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">39</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">35</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial assets and liabilities </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(36)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">31</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) on financial assets and liabilities held for trading, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">283</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reclassification of financial assets from fair value through other comprehensive income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reclassification of financial assets from amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other gains (losses)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">283</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(35)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(35)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reclassification of financial assets from fair value through other comprehensive income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reclassification of financial assets from amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other gains (losses)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(35)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(35)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">150</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">348</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) from hedge accounting, net </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">73</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">16</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Subtotal gains (losses) on financial assets and liabilities</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">469</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">379</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Exchange differences, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">304</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">716</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">773</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,096</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance (excluding exchange rate differences) under this heading in the income statements by the nature of financial instrument is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Gains (losses) on financial assets and liabilities. Breakdown by nature of the financial instrument (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Debt instruments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">259</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1,354)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">467</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,224)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Trading derivatives and hedge accounting</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(865)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,189</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">46</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(100)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(17)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">179</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">579</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,690</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">469</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">379</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under these headings, by source of the related items, in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Gains (losses) on financial assets and liabilities, hedge accounting and exchange differences, net (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">39</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">35</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">8</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other financial assets and liabilities </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(36)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">31</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) on financial assets and liabilities held for trading, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">283</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reclassification of financial assets from fair value through other comprehensive income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reclassification of financial assets from amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other gains (losses)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">283</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(35)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(35)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reclassification of financial assets from fair value through other comprehensive income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Reclassification of financial assets from amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Other gains (losses)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(35)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(35)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">150</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">348</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Gains (losses) from hedge accounting, net </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">73</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">16</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Subtotal gains (losses) on financial assets and liabilities</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">469</td><td colspan="3" style="background-color:#5AC4C4;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">379</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Exchange differences, net</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">304</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">716</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">773</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,096</td></tr></table></div> -1000000 39000000 35000000 8000000 -36000000 31000000 283000000 11000000 0 0 0 0 283000000 11000000 -35000000 -35000000 0 0 0 0 -35000000 -35000000 150000000 348000000

73000000

16000000

469000000 379000000

304000000

716000000

773000000 1096000000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance (excluding exchange rate differences) under this heading in the income statements by the nature of financial instrument is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Gains (losses) on financial assets and liabilities. Breakdown by nature of the financial instrument (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Debt instruments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">259</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">(1,354)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Equity instruments</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">467</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,224)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Trading derivatives and hedge accounting</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(865)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,189</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">46</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(100)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(17)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">179</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">579</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,690</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">469</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">379</td></tr></table></div> 259000000 -1354000000 467000000 -1224000000 -865000000 1189000000 46000000 -100000000 -17000000 179000000 579000000 1690000000 469000000 379000000

Other operating income and expense<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under the heading “Other operating income” in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other operating income (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1.49pt 0 1pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1.49pt 0 1pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Gains from sales of non-financial services</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">184</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">135</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other operating income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">149</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">161</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">333</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">297</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under the heading “Other operating expense” in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other operating expense (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Change in inventories</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">62</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Contributions to guaranteed banks deposits funds </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">457</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">490</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Hyperinflation adjustment ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">822</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">916</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other operating expense ⁽²⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">595</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">335</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,944</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,803</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) In the six months ended June 30, 2023, it includes €237 million due to Turkey and €571 million due to Argentina. In June 2022, it includes €554 million due to Turkey and €360 million due to Argentina.</div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(2) In the six months ended June 30, 2023, it includes €225 million corresponding to the estimated total annual amount of the temporary tax on credit institutions and financial credit establishments, according to Law 38/2022 of December 27, 2022.</div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under the heading “Other operating income” in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other operating income (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1.49pt 0 1pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1.49pt 0 1pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:middle">Gains from sales of non-financial services</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">184</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">135</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other operating income</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">149</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">161</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">333</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">297</td></tr></table></div> 184000000 135000000 149000000 161000000

333000000

297000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under the heading “Other operating expense” in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other operating expense (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Change in inventories</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">62</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Contributions to guaranteed banks deposits funds </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">457</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">490</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Hyperinflation adjustment ⁽¹⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">822</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">916</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other operating expense ⁽²⁾</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">595</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">335</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,944</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,803</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) In the six months ended June 30, 2023, it includes €237 million due to Turkey and €571 million due to Argentina. In June 2022, it includes €554 million due to Turkey and €360 million due to Argentina.</div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(2) In the six months ended June 30, 2023, it includes €225 million corresponding to the estimated total annual amount of the temporary tax on credit institutions and financial credit establishments, according to Law 38/2022 of December 27, 2022.</div> 69000000 62000000 457000000 490000000 822000000 916000000 595000000 335000000

1944000000

1803000000

Income and expense from insurance and reinsurance contracts<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The detail of the headings “Income and expense from insurance and reinsurance contracts” in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Income and expense from insurance and reinsurance contracts (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Income from insurance and reinsurance contracts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,645</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,343</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Expense from insurance and reinsurance contracts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,065)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(802)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">580</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">540</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The detail of the headings “Income and expense from insurance and reinsurance contracts” in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Income and expense from insurance and reinsurance contracts (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Income from insurance and reinsurance contracts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,645</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,343</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Expense from insurance and reinsurance contracts</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(1,065)</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">(802)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">580</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">540</td></tr></table></div> 1645000000 1343000000 -1065000000 -802000000 580000000 540000000 Administration costsPersonnel expense<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Personnel expense (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Wages and salaries</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2,358</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,996</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Social security costs</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">410</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">354</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Defined contribution plan expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">24</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">41</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Defined benefit plan expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">24</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">23</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">20</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other personnel expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">221</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">170</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,081</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,582</td></tr></table></div>Other administrative expense<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other administrative expense. Breakdown by main concepts (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Technology and systems</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">799</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">663</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Communications </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">107</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">98</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Advertising</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">164</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">122</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Property, fixtures and materials</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">249</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">216</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Taxes other than income tax</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">228</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">170</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Surveillance and cash courier services</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">120</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">104</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other expense</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">515</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">418</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,181</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,790</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Personnel expense (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Wages and salaries</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">2,358</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">1,996</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Social security costs</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">410</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">354</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Defined contribution plan expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">24</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">69</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">41</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Defined benefit plan expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;vertical-align:middle">24</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">23</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">20</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Other personnel expense</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">221</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">170</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">3,081</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,582</td></tr></table></div>

2358000000

1996000000

410000000

354000000

69000000

41000000

23000000

20000000

221000000

170000000

3081000000

2582000000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Other administrative expense. Breakdown by main concepts (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Technology and systems</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">799</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">663</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Communications </td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">107</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">98</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Advertising</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">164</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">122</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Property, fixtures and materials</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">249</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">216</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Taxes other than income tax</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">228</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">170</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Surveillance and cash courier services</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">120</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">104</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other expense</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">515</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">418</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">2,181</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,790</td></tr></table></div> 799000000 663000000

107000000

98000000

164000000

122000000

249000000 216000000 228000000 170000000 120000000 104000000

515000000

418000000

2181000000

1790000000

Depreciation and amortization<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Depreciation and amortization (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Tangible assets</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">415</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">405</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">For own use</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">261</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">237</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Right-of-use assets</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">152</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">166</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Investment properties and other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Intangible assets</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">261</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">247</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">676</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">652</td></tr></table></div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Depreciation and amortization (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;border-top:1pt solid #FFFFFF;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle">Tangible assets</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">415</td><td colspan="3" style="border-top:1pt solid #072146;padding:2px 1pt;text-align:right;vertical-align:middle">405</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">For own use</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">261</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">237</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Right-of-use assets</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">152</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">166</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Investment properties and other</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Intangible assets</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">261</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">247</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">676</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">652</td></tr></table></div>

415000000

405000000

261000000

237000000

152000000

166000000

2000000

261000000

247000000

676000000

652000000

Provisions or reversal of provisions<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In the six months ended June 30, 2023 and 2022 the net provisions recognized in this condensed income statement line item were as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Provisions or reversal of provisions (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">Pensions and other post-employment defined benefit obligations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">24</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">32</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(49)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Commitments and guarantees given</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">27</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Pending legal issues and tax litigation</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">72</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">105</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Other provisions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">29</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">129</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">112</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In the six months ended June 30, 2023 and 2022 the net provisions recognized in this condensed income statement line item were as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Provisions or reversal of provisions (Millions of Euros)</td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#E9E9E9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">Pensions and other post-employment defined benefit obligations</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">24</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">32</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">(49)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Commitments and guarantees given</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">14</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">27</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Pending legal issues and tax litigation</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">72</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">105</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Other provisions</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">11</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">29</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">129</td><td colspan="3" style="background-color:#5AC4C4;border-bottom:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">112</td></tr></table></div> 32000000 -49000000 14000000 27000000 72000000 105000000 11000000 29000000 129000000 112000000 Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification by the nature of those assets in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income - Debt securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">12.2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">35</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">50</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,958</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,391</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: recovery of written-off assets by cash collection</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(174)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(192)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,993</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,441</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification by the nature of those assets in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:55.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.310%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#E9E9E9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification (Millions of Euros)</td></tr><tr><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Notes</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at fair value through other comprehensive income - Debt securities</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">12.2</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">35</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">50</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial assets at amortized cost</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,958</td><td colspan="3" style="border-left:1pt solid #FFFFFF;border-right:1pt solid #FFFFFF;border-top:1pt solid #FFFFFF;padding:2px 1pt;text-align:right;vertical-align:middle">1,391</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle">Of which: recovery of written-off assets by cash collection</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(174)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">(192)</td></tr><tr><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5AC4C4;padding:0 1pt"></td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,993</td><td colspan="3" style="background-color:#5AC4C4;padding:2px 1pt;text-align:right;vertical-align:middle">1,441</td></tr></table></div> 35000000 50000000 1958000000 1391000000

-174000000

-192000000

1993000000

1441000000

Impairment or reversal of impairment on non-financial assets<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The impairment losses on non-financial assets broken down by the nature of those assets in the condensed consolidated income statements are as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Impairment or reversal of impairment on non-financial assets (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Tangible assets</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">(3)</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">(22)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Intangible assets</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Others </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">6</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">17</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:bottom">13</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The impairment losses on non-financial assets broken down by the nature of those assets in the condensed consolidated income statements are as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Impairment or reversal of impairment on non-financial assets (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Tangible assets</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">(3)</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">(22)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Intangible assets</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">10</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">5</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Others </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">6</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">17</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:bottom">13</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:bottom">—</td></tr></table></div> -3000000 -22000000

10000000

5000000

6000000 17000000 13000000 0 Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Gains on sale of real estate</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">27</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">53</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Impairment of non-current assets held for sale</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">2</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(173)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Gains (losses) on sale of investments classified as non-current assets held for sale</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">29</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">(120)</td></tr></table></div> <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The breakdown of the balance under this heading in the condensed consolidated income statements is as follows:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Gains on sale of real estate</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">27</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">53</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Impairment of non-current assets held for sale</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">2</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">(173)</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Gains (losses) on sale of investments classified as non-current assets held for sale</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">29</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:right;vertical-align:middle">(120)</td></tr></table></div> 27000000 53000000 2000000 -173000000 0 0 29000000 -120000000

Related-party transactionsAs financial institutions, BBVA and other entities in the Group engage in transactions with related parties in the normal course of their business. All of these transactions are not material and are carried out under normal market conditions. As of June 30, 2023 and December 31, 2022, the transactions with related parties are the following:<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">44.1 Transactions with significant shareholders</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">As of June 30, 2023 and December 31, 2022 there were no shareholders considered significant.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">44.2 Transactions with BBVA Group entities</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The balances of the main captions in the condensed consolidated balance sheets arising from the transactions carried out by the BBVA Group with associates and joint venture entities accounted for using the equity method are as follows:</div><div style="margin-bottom:6pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Balances arising from transactions with entities of the Group (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Assets</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:right;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:right;vertical-align:middle">9</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,250</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,842</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Liabilities</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">1</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">155</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">204</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Memorandum accounts</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Financial guarantees given</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">97</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">136</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments given</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">765</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">751</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">10</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The balances of the main aggregates in the condensed consolidated income statements resulting from transactions with associates and joint venture entities are as follows:</div><div style="margin-bottom:6pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Balances of consolidated income statement arising from transactions with entities of the Group (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"> June 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:bottom">Income statement</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:left;vertical-align:middle">Interest and other income</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:right;vertical-align:bottom">15</td><td colspan="3" style="border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:right;vertical-align:bottom">10</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Interest expense</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Fee and commission income</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Fee and commission expense</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">23</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">18</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">There were no other material effects in the Consolidated Financial Statements arising from dealings with these entities, other than the effects from using the equity method (see Note 2.1 to the consolidated financial statements of 2022) and from the insurance policies to cover pension or similar commitments (see Note 25 to the consolidated financial statements of 2022) and the derivatives transactions arranged by BBVA Group with these entities, associates and joint ventures.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In addition, as part of its regular activity, the BBVA Group has entered into agreements and commitments of various types with shareholders of subsidiaries and associates, which have no material effects on the Consolidated Financial Statements.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">44.3 Transactions with members of the Board of Directors and Senior Management</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The transactions entered into between BBVA or its Group companies with members of the Board of Directors and Senior Management of the Bank or their related parties were within the scope of the ordinary course of business of the Bank and were immaterial, defined as transactions the disclosure of which is not necessary to present a true and fair view of the Bank's equity, financial position and results, and were concluded on normal markets terms or on terms applicable to the rest of employees.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The amount and nature of the main transactions carried out with members of the Board of Directors and Senior Management of the Bank, or their respective related parties, are shown below.</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:13.229%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.416%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.538%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Balance (thousands of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">30th June 2023</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">31st December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Directors</td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Related parties of Directors</td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Senior Management (1)</div></td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Related parties of Senior Management</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Directors</td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Related parties of Directors</td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Senior Management (1)</div></td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Related parties of Senior Management</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and credits</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">645</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">1,950</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">6,415</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">746</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">668</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">1,880</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">6,321</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">764</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Bank guarantees</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">10</td><td colspan="3" style="background-color:#ffffff;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:0.03pt;padding-left:0.56pt;text-align:justify">(1) Excluding executive directors.</div><div style="margin-bottom:10pt;margin-top:15pt;text-align:justify">The information on the remuneration and other benefits for the members of the BBVA Board of Directors and Senior Management is included in Note 45.</div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The balances of the main captions in the condensed consolidated balance sheets arising from the transactions carried out by the BBVA Group with associates and joint venture entities accounted for using the equity method are as follows:</div><div style="margin-bottom:6pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Balances arising from transactions with entities of the Group (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1.18pt 2px 1pt;text-align:right;text-indent:-0.18pt;vertical-align:middle">December 2022</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Assets</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to credit institutions</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:right;vertical-align:middle">9</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:right;vertical-align:middle">9</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and advances to customers</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,250</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">1,842</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Debt securities</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">8</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Liabilities</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Deposits from credit institutions</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">1</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Customer deposits</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">155</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">204</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Memorandum accounts</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Financial guarantees given</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">97</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle">136</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Other commitments given</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">765</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">751</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Loan commitments given</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">5</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">10</td></tr></table></div>

9000000

1250000000

1842000000

8000000 7000000 1000000 1000000

155000000

204000000

97000000 136000000 765000000 751000000 5000000 10000000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The balances of the main aggregates in the condensed consolidated income statements resulting from transactions with associates and joint venture entities are as follows:</div><div style="margin-bottom:6pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:68.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Balances of consolidated income statement arising from transactions with entities of the Group (Millions of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"> June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"> June 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:2px 1pt;text-align:left;vertical-align:bottom">Income statement</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #072146;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:left;vertical-align:middle">Interest and other income</td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:right;vertical-align:bottom">15</td><td colspan="3" style="border-top:0.25pt solid #c0c0c0;padding:2px 1pt;text-align:right;vertical-align:bottom">10</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Interest expense</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Fee and commission income</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Fee and commission expense</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">23</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">18</td></tr></table></div> 15000000 10000000 2000000 0 2000000 3000000 23000000 18000000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The amount and nature of the main transactions carried out with members of the Board of Directors and Senior Management of the Bank, or their respective related parties, are shown below.</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:13.229%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.416%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.538%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Balance (thousands of Euros)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">30th June 2023</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">31st December 2022</td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Directors</td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Related parties of Directors</td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Senior Management (1)</div></td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Related parties of Senior Management</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Directors</td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Related parties of Directors</td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Senior Management (1)</div></td><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Related parties of Senior Management</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Loans and credits</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">645</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">1,950</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">6,415</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">746</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">668</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">1,880</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">6,321</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">764</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Bank guarantees</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">10</td><td colspan="3" style="background-color:#ffffff;padding:2px 1.56pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:0.03pt;padding-left:0.56pt;text-align:justify">(1) Excluding executive directors.</div> 645000 1950000 6415000 746000 668000 1880000 6321000 764000 0 0 10000 0 0 0 10000 0

Remuneration and other benefits for the Board of Directors and members of the Bank's Senior Management<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Note 54 of the report of the consolidated annual financial statements of the BBVA Group for the year ended December 31, 2022 sets out the remuneration and other benefits for members of the Board of Directors and Senior Management of the Bank, including a description of the remuneration policy and system applicable to them, as well as information on the conditions granting entitlement to the remuneration and other benefits for the year then ended. There now follows a description of the remuneration and other benefits of the members of the Board of Directors and Senior Management of the Bank for the first half of 2023 and 2022 in accordance with the applicable remuneration policies and systems.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Remuneration of non-executive directors </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The remuneration of non-executive directors corresponding to the first half of 2023 and 2022 is shown below, individualized and by remuneration item:</div><div style="margin-bottom:3pt;margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.066%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.071%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="background-color:#e9e9e9;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.1pt;margin-top:0.1pt;padding-left:0.49pt;text-indent:-0.49pt">Remuneration of non-executive directors (thousands of Euros) (1)</div></td></tr><tr style="height:27pt"><td colspan="6" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle">Board of Directors</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Executive Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Audit Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Risk and Compliance Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Remuneration Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Appointments and Corporate Governance Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Technology and Cybersecurity Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Other positions (2)</div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle">Total</td></tr><tr style="height:11pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">June 2023</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">June 2022</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">José Miguel Andrés Torrecillas</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">83</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">50</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">58</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">25</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">280</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">263</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Jaime Caruana Lacorte</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">83</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">66</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">53</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">267</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">284</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Sonia Dulá (3)</div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">43</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">18</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">72</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Raúl Galamba de Oliveira</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">71</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">8</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">40</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">205</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">153</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Belén Garijo López</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">28</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">22</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">54</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">23</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">191</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">174</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Connie Hedegaard Koksbang </td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">75</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">43</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Lourdes Máiz Carro</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">33</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">119</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">119</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">José Maldonado Ramos</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">83</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">23</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">171</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">171</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Ana Peralta Moreno</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">33</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">119</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">119</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Juan Pi Llorens</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">89</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">23</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">198</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">243</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Ana Revenga Shanklin </td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">53</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">146</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">125</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Susana Rodríguez Vidarte (4)</div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">32</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">42</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">27</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">112</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">224</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Carlos Salazar Lomelín </td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">86</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">86</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Jan Verplancke</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">107</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">107</td></tr><tr><td colspan="6" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">847</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">320</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">226</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">312</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">146</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">146</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">86</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">65</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2,149</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2,111</td></tr></table>(1) Includes amounts corresponding to the positions on the Board and its various Committees, the composition of which was modified on April 26, 2023 with effects as from May 1, 2023. </div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify">In addition, Carlos Salazar Lomelín received, in the first half of 2023 and 2022, a total of €58 thousand and €54 thousand, respectively, in attendance fees for his membership of the management body of BBVA México, S.A. and Grupo Financiero BBVA México, S.A. de C.V., and of strategy forum of BBVA México.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;padding-right:14.4pt;text-align:justify">(2) Amounts corresponding to the positions of Deputy Chair of the Board of Directors and Lead Director.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;padding-right:14.4pt;text-align:justify">(3) Director appointed at the General Meeting held on March 17, 2023. Remuneration received based on the date of acceptance of the position.</div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;padding-right:14.4pt;text-align:justify">(4) Director who left office on March 17, 2023. Remuneration pertaining to her effective term of office in 2023.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:0.56pt;padding-right:14.4pt;text-align:justify">In addition, in the first half of 2023 and 2022, €123 thousand and €110 thousand, respectively, were paid in respect of healthcare and accident insurance premiums for non-executive directors.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Remuneration system with deferred delivery of shares for non-executive directors</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">During the first half of 2023 and 2022, the following theoretical shares were allocated to the non-executive directors under the remuneration system with deferred delivery of shares, equivalent to 20% of the total annual fixed cash allowance received by each of them in financial years 2022 and 2021, respectively. These shares will be delivered to each beneficiary, where applicable, after they leave their positions as directors for any reason other than serious dereliction of their duties.</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.086%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.898%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.204%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.658%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Theoretical shares allocated (1)</div></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Theoretical shares accumulated at June 30 </td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Theoretical shares allocated (1)</div></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Theoretical shares accumulated at June 30</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">José Miguel Andrés Torrecillas</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">16,023</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">134,048</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">19,253</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">118,025</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Jaime Caruana Lacorte</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">17,255</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">94,960</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">20,733</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">77,705</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Sonia Dulá (2)</div></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Raúl Galamba de Oliveira</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10,091</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">29,768</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10,177</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">19,677</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Belén Garijo López</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10,603</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">101,192</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12,741</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">90,589</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Connie Hedegaard Koksbang (3)</div></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3,263</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3,263</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Lourdes Máiz Carro</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">7,237</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">71,593</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">8,696</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">64,356</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">José Maldonado Ramos</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10,397</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">146,874</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12,493</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">136,477</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ana Peralta Moreno</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">7,237</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">42,329</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">8,696</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">35,092</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Juan Pi Llorens</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">13,943</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">148,542</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">18,703</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">134,599</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ana Revenga Shanklin</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">8,035</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">24,214</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">8,611</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">16,179</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Susana Rodríguez Vidarte (4)</div></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">13,648</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">16,400</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">177,775</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Carlos Salazar Lomelín</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5,218</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">17,130</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">6,270</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">11,912</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Jan Verplancke</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">6,521</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">35,772</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">7,835</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">29,251</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">129,471</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">849,685</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">150,608</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">911,637</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) The number of theoretical shares allocated has been calculated based on the average of the closing prices of the BBVA share during the 60 trading sessions prior to the General Meetings of March 17, 2023 and March 18, 2022, which was €6.58 and €5.47 per share, respectively.</div><div style="padding-left:0.56pt;text-align:justify">(2) Director appointed at the General Meeting held on March 17, 2023; therefore, no theoretical shares will be allocated to her until 2024.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(3) Director appointed at the General Meeting held on March 18, 2022; therefore the allocation of theoretical shares was made for the first time in 2023.</div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(4) Director who left office on March 17, 2023. Under the system, she received a total of 191,423 BBVA shares following her departure, equivalent to the total number of theoretical shares accumulated up to that date.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Remuneration of executive directors </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The remuneration of executive directors corresponding to the first half of 2023 an of 2022 is shown below, individualized and by remuneration item:</div><div style="margin-bottom:6pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:78.252%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.225%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Annual Fixed Remuneration (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 6.65pt 0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June <div>2023</div></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June<div>2022</div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom">Chair</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">1,462</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">1,462</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Chief Executive Officer</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">1,090</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">1,090</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2,551</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">2,551</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In addition, in the first half of 2023 and 2022, and in accordance with the terms of his contract and the provisions of the BBVA Directors’ Remuneration Policy applicable in each year, the Chief Executive Officer received the amounts of €327 thousand as “cash in lieu of pension” (equivalent to 30% of his Annual Fixed Remuneration) and €300 thousand as a mobility allowance.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:77.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.533%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Remuneration in kind (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr></table>Likewise, in the first half of 2023 and 2022, remuneration in kind was paid in favor of the executive directors, including insurance premiums and other items, amounting to €190 thousand and €259 thousand in the case of the Chair and €127 thousand and €151 thousand in the case of the Chief Executive Officer, respectively.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:77.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.533%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Annual Variable Remuneration (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Annual Variable Remuneration (hereinafter, the “AVR”) accrues and is awarded, if applicable, following the end of the corresponding financial year and, thus, no amount is shown for the first half of 2023 and 2022. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The amount of the Annual Variable Remuneration for 2023 will be determined in 2024, with the Upfront Portion (40%) to be paid in the first half of 2024, provided the relevant conditions are met. All of it, in accordance with applicable rules and conditions governing Annual Variable Remuneration, as set out in the BBVA Directors’ Remuneration Policy approved by the General Meeting on March 17, 2023.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In the first half of 2023, the executive directors received the Upfront Portion (40%) of their Annual Variable Remuneration for 2022, in equal parts in cash and BBVA shares (€926 thousand and 158,169 shares in the case of the Chair and €712 thousand and 121,646 shares in the case of the Chief Executive Officer). The remaining 60% has been deferred (40% in cash and 60% in shares) over a period of 5 years (Deferred Portion) and will be paid, provided that the relevant conditions are met, proportionally, once each of the 5 years of deferral has elapsed, in an amount equal to 20% of the Deferred Portion each year. The Deferred Portion may be reduced, but never increased, depending on the outcome of the multi-year performance indicators determined by the Board of Directors at the beginning of 2022. All of the foregoing, subject to the rules applicable to the Annual Variable Remuneration provided for in the BBVA Directors’ Remuneration Policy approved by the General Meeting on April 20, 2021.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The executive directors likewise received, during the first half of 2023, the remuneration pertaining to the Deferred AVR for previous years, payment of which was due, following the end of financial year 2022. This remuneration was paid to the Chairman and Chief Executive Officer in the percentages applicable in each case, in accordance with the vesting and payment rules set out in the remuneration policies in force in each year: </div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•2021 Deferred AVR: first payment (20% of the Deferred Portion) was made to the executive directors, including the update of its cash portion (€215 thousand and 57,325 shares in the case of the Chair and €164 thousand and 43,552 shares in the case of the Chief Executive Officer). Thereafter, 80% of the 2021 Deferred AVR is still deferred for both executive directors and will be paid, if the relevant conditions are met, in 2024, 2025, 2026 and 2027.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•2019 Deferred AVR: first payment (60% of the Deferred Portion) was made to the executive directors, including the update of its cash portion, after having confirmed that no reduction should be made in view of the result of the multi-year performance indicators determined in 2019 by the Board of Directors (€513 thousand and 136,587 shares in the case of the Chair and €460 thousand and 122,572 shares in the case of the Chief Executive Officer). Thereafter, 40% of the 2019 Deferred AVR is still deferred for both executive directors and will be paid, if the relevant conditions are met, in 2024 and 2025.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•2018 Deferred AVR: second payment (20% of the Deferred Portion) was made to the Chair, including the update of its cash portion (€128 thousand and 35,795 shares). Thereafter, 20% of the 2018 Deferred AVR is still deferred and will be paid, if the relevant conditions are met, in 2024. This remuneration is associated with his previous position as Chief Executive Officer.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•2017 Deferred AVR: third and last payment (20% of the Deferred Portion) was made to the Chair, including the update of its cash portion (€154 thousand and 27,898 shares). After this, payment of the 2017 Deferred AVR of the Chair was concluded. This remuneration was associated with his previous position as Chief Executive Officer.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In attention to the exceptional circumstances arising from the COVID-19 crisis, the executive directors voluntarily waived the generation of the full 2020 AVR.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Pension commitments with executive directors</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:19.547%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.416%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.419%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.148%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Executive directors (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="15" style="border-bottom:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Contributions (1)</div></td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Accumulated funds</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="6" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Retirement</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Death and disability</td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Chair</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">239</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">232</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">161</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">237</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">23,691</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">22,973</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Chief Executive Officer</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">115</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">143</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">—</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">239</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">232</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">276</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">379</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">23,691</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">22,973</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Contributions registered to meet pension commitments with executive directors in the proportional part for the first half of 2023 and 2022. In the case of the Chair, these contributions correspond to the sum of the annual retirement pension contribution and the adjustment made to the part qualifying as “discretionary pension benefits” for financial years 2022 and 2021, the contribution of which was to be made in 2023 and 2022, respectively, and to the premiums for death and disability in the portion corresponding to the first half of each financial year. In the case of the Chief Executive Officer, the contributions registered correspond solely to the insurance premiums paid by the Bank corresponding to the first half of each financial year to cover the contingencies of death and disability, as in his case, the Bank has not undertaken any commitments to cover the contingency of retirement.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Remuneration of members of Senior Management</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The remuneration of all members of Senior Management, excluding executive directors, corresponding to the first half of 2023 and 2022 (16 members qualifying as such at June 30, 2023 and June 30, 2022) is as follows by remuneration item:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:78.252%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.225%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fixed remuneration (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 6.65pt 0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June <div>2023</div></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June<div> 2022</div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Senior Management Total</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">9,421</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">8,966</td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:78.189%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.255%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.256%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Remuneration in kind (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In the first half of 2023 and 2022, remuneration in kind, including insurance premiums and other items, was paid in favor of all members of Senior Management, excluding the executive directors, for a joint total of €756 thousand and €831 thousand, respectively.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.585%"><tr><td style="width:1.0%"></td><td style="width:78.189%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.255%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.256%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Annual Variable Remuneration (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The Annual Variable Remuneration accrues and is awarded, if applicable, following the end of the corresponding financial year and, thus, no amount is shown for the first half of 2023 and 2022. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The amount of the Annual Variable Remuneration for 2023 will be determined in 2024, with the Upfront Portion (40%) to be paid in the first half of 2024, provided the relevant conditions are met. All of it, in accordance with the rules and conditions governing the Annual Variable Remuneration of members of Senior Management, as set out in the BBVA Group’s General Remuneration Policy approved by the Board of Directors on March 29, 2023.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In the first half of 2023, the members of Senior Management received the Upfront Portion (40%) of their Annual Variable Remuneration for 2022, in equal parts in cash and BBVA shares, for a total of €2,158 thousand and 365,746 shares for all members of Senior Management. The remaining 60% has been deferred (40% in cash and 60% in shares) over a period of 5 years (Deferred Portion) and will be paid, provided that the relevant conditions are met, proportionally, once each of the 5 years of deferral has elapsed, in an amount equal to 20% of the Deferred Portion each year. The Deferred Portion may be reduced, but never increased, depending on the outcome of the multi-year performance indicators determined by the Board of Directors at the beginning of 2022. All of the foregoing, subject to the rules applicable to the Annual Variable Remuneration provided for in the BBVA Group’s General Remuneration Policy, as approved by the Board of Directors on June 30, 2021.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Members of Senior Management likewise received, in the first half of 2023, the remuneration pertaining to the Deferred AVR for previous years, payment of which was due, following the end of financial year 2022. This remuneration was paid in the percentages applicable in each case, in accordance with the vesting and payment rules set out in the remuneration policies in force in each year: </div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•2021 Deferred AVR: first payment (20% of the Deferred Portion) was made, including the update of its cash portion. Under this item, all members of Senior Management jointly received a total of €477 thousand and 124,602 shares. Thereafter, 80% of the 2021 Deferred AVR is still deferred, and will be paid, if the relevant conditions are met, in 2024, 2025, 2026 and 2027.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•2019 Deferred AVR: first payment (60% of the Deferred Portion) or payment in full (depending on the payment schedule applicable to each beneficiary under the policies in force in 2019) was made, including the update of its cash portion, after having confirmed that no reduction should be made in view of the result of the multi-year performance indicators determined by the Board of Directors in 2019. In addition, first payment of the deferred portion of a retention plan was made to two members of Senior Management. Under these items, all members of Senior Management jointly received a total of €1,364 thousand and 320,172 shares. Thereafter, for certain members of Senior Management, 40% of the 2019 Deferred AVR and of the retention plans of the two members who are beneficiaries is still deferred and will be paid, if the relevant conditions are met, in 2024 and 2025.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•2018 Deferred AVR: second payment (20% of the Deferred Portion) was made, including the update of its cash portion. Under this item, all members of Senior Management jointly received a total of €155 thousand and 41,442 shares. Thereafter, 20% of the 2018 Deferred AVR is still deferred and will be paid, if the relevant conditions are met, in 2024.</div><div style="margin-bottom:10pt;margin-top:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•2017 Deferred AVR: third and last payment (20% of the Deferred Portion) was made, including the update of its cash portion. Under this item, all members of Senior Management jointly received a total of €171 thousand and 29,267 shares. After this, payment of the 2017 Deferred AVR to its beneficiaries was concluded. </div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In attention to the exceptional circumstances arising from the COVID-19 crisis, the members of Senior Management voluntarily waived the generation of the full 2020 AVR.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Pension commitments with members of Senior Management</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:19.855%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.032%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.148%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.151%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:top">Senior Management (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="15" style="border-bottom:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Contributions (1)</div></td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Accumulated funds</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="6" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Retirement</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Death and disability</td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Senior Management Total</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">2,048</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">1,875</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">625</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">730</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">33,182</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">28,076</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Contributions registered to meet pension commitments with all members of Senior Management, excluding executive directors, in the proportional part for the first half of 2023 and 2022, equivalent to the sum of the annual retirement pension contributions and the adjustments made to the part qualifying as “discretionary pension benefits” for financial years 2022 and 2021, the contribution to which was to be made in 2023 and 2022, respectively, and to the insurance premiums paid by the Bank for the contingencies of death and disability in the portion corresponding to the first half of each financial year.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Payments for the termination of the contractual relationship</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">In accordance with the BBVA Directors’ Remuneration Policy, the Bank has no commitments to make severance payments to executive directors.</div><div style="text-align:justify">With regard to Senior Management, excluding the executive directors, the Bank did not make any payments arising from the termination of contractual relationships in the first half of 2023 and 2022.</div>

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The remuneration of non-executive directors corresponding to the first half of 2023 and 2022 is shown below, individualized and by remuneration item:</div><div style="margin-bottom:3pt;margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.299%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.066%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.071%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="background-color:#e9e9e9;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.1pt;margin-top:0.1pt;padding-left:0.49pt;text-indent:-0.49pt">Remuneration of non-executive directors (thousands of Euros) (1)</div></td></tr><tr style="height:27pt"><td colspan="6" rowspan="2" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:middle">Board of Directors</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Executive Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Audit Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Risk and Compliance Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Remuneration Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Appointments and Corporate Governance Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Technology and Cybersecurity Committee</td><td colspan="3" rowspan="2" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Other positions (2)</div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle">Total</td></tr><tr style="height:11pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">June 2023</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">June 2022</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">José Miguel Andrés Torrecillas</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">83</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">50</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">58</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">25</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">280</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">263</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Jaime Caruana Lacorte</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">83</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">66</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">53</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">267</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">284</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Sonia Dulá (3)</div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">43</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">18</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">72</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Raúl Galamba de Oliveira</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">71</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">8</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">40</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">205</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">153</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Belén Garijo López</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">28</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">22</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">54</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">23</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">191</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">174</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Connie Hedegaard Koksbang </td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">11</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">75</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">43</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Lourdes Máiz Carro</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">33</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">119</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">119</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">José Maldonado Ramos</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">83</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">23</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">171</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">171</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Ana Peralta Moreno</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">33</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">119</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">119</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Juan Pi Llorens</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">89</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">23</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">198</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">243</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Ana Revenga Shanklin </td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">53</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">7</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">146</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">125</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Susana Rodríguez Vidarte (4)</div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">32</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">42</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">27</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">12</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">112</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">224</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Carlos Salazar Lomelín </td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">86</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">86</td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Jan Verplancke</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">64</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">21</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">107</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">107</td></tr><tr><td colspan="6" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">847</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">320</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">226</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">312</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">146</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">146</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">86</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">65</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2,149</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2,111</td></tr></table>(1) Includes amounts corresponding to the positions on the Board and its various Committees, the composition of which was modified on April 26, 2023 with effects as from May 1, 2023. </div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify">In addition, Carlos Salazar Lomelín received, in the first half of 2023 and 2022, a total of €58 thousand and €54 thousand, respectively, in attendance fees for his membership of the management body of BBVA México, S.A. and Grupo Financiero BBVA México, S.A. de C.V., and of strategy forum of BBVA México.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;padding-right:14.4pt;text-align:justify">(2) Amounts corresponding to the positions of Deputy Chair of the Board of Directors and Lead Director.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;padding-right:14.4pt;text-align:justify">(3) Director appointed at the General Meeting held on March 17, 2023. Remuneration received based on the date of acceptance of the position.</div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;padding-right:14.4pt;text-align:justify">(4) Director who left office on March 17, 2023. Remuneration pertaining to her effective term of office in 2023.</div>

64000

83000

50000

58000

25000

280000

263000

64000

83000

66000

53000

267000

284000

43000

11000

18000

72000

64000

71000

8000

21000

40000

205000

153000

64000

28000

22000

54000

23000

191000

174000

64000

11000

75000

43000

64000

33000

21000

119000

64000

83000

23000

171000

64000

33000

21000

119000

64000

89000

23000

21000

198000

243000

64000

53000

7000

21000

146000

125000

32000

42000

27000

12000

112000

224000

64000

21000

86000

64000

21000

107000

847000

320000

226000

312000

146000

86000

65000

2149000

2111000

<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">During the first half of 2023 and 2022, the following theoretical shares were allocated to the non-executive directors under the remuneration system with deferred delivery of shares, equivalent to 20% of the total annual fixed cash allowance received by each of them in financial years 2022 and 2021, respectively. These shares will be delivered to each beneficiary, where applicable, after they leave their positions as directors for any reason other than serious dereliction of their duties.</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.086%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.898%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.204%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.658%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Theoretical shares allocated (1)</div></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Theoretical shares accumulated at June 30 </td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Theoretical shares allocated (1)</div></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Theoretical shares accumulated at June 30</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">José Miguel Andrés Torrecillas</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">16,023</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">134,048</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">19,253</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">118,025</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Jaime Caruana Lacorte</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">17,255</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">94,960</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">20,733</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">77,705</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Sonia Dulá (2)</div></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Raúl Galamba de Oliveira</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10,091</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">29,768</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10,177</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">19,677</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Belén Garijo López</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10,603</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">101,192</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12,741</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">90,589</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Connie Hedegaard Koksbang (3)</div></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3,263</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">3,263</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Lourdes Máiz Carro</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">7,237</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">71,593</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">8,696</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">64,356</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">José Maldonado Ramos</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10,397</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">146,874</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12,493</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">136,477</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ana Peralta Moreno</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">7,237</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">42,329</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">8,696</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">35,092</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Juan Pi Llorens</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">13,943</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">148,542</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">18,703</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">134,599</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Ana Revenga Shanklin</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">8,035</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">24,214</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">8,611</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">16,179</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:0.05pt;margin-top:0.05pt">Susana Rodríguez Vidarte (4)</div></td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">13,648</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">16,400</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">177,775</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Carlos Salazar Lomelín</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">5,218</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">17,130</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">6,270</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">11,912</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Jan Verplancke</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">6,521</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">35,772</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">7,835</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">29,251</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">129,471</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">849,685</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">150,608</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">911,637</td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) The number of theoretical shares allocated has been calculated based on the average of the closing prices of the BBVA share during the 60 trading sessions prior to the General Meetings of March 17, 2023 and March 18, 2022, which was €6.58 and €5.47 per share, respectively.</div><div style="padding-left:0.56pt;text-align:justify">(2) Director appointed at the General Meeting held on March 17, 2023; therefore, no theoretical shares will be allocated to her until 2024.</div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(3) Director appointed at the General Meeting held on March 18, 2022; therefore the allocation of theoretical shares was made for the first time in 2023.</div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(4) Director who left office on March 17, 2023. Under the system, she received a total of 191,423 BBVA shares following her departure, equivalent to the total number of theoretical shares accumulated up to that date.</div> 16023 134048 19253 118025 17255 94960 20733 77705 0 0 0 0 10091 29768 10177 19677 10603 101192 12741 90589 3263 3263 0 0 7237 71593 8696 64356 10397 146874 12493 136477 7237 42329 8696 35092 13943 148542 18703 134599 8035 24214 8611 16179 13648 0 16400 177775 5218 17130 6270 11912 6521 35772 7835 29251 129471 849685 150608 911637 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The remuneration of executive directors corresponding to the first half of 2023 an of 2022 is shown below, individualized and by remuneration item:</div><div style="margin-bottom:6pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:78.252%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.225%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Annual Fixed Remuneration (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 6.65pt 0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June <div>2023</div></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June<div>2022</div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom">Chair</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">1,462</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">1,462</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Chief Executive Officer</td><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">1,090</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">1,090</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;border-bottom:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2,551</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">2,551</td></tr></table></div> 1462000 1462000 1090000 1090000 2551000 2551000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Pension commitments with executive directors</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:19.547%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.416%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.419%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.148%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Executive directors (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="15" style="border-bottom:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Contributions (1)</div></td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Accumulated funds</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="6" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Retirement</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Death and disability</td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Chair</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">239</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">232</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">161</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">237</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">23,691</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">22,973</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Chief Executive Officer</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">115</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">143</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">—</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">—</td></tr><tr><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">239</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">232</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">276</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">379</td><td colspan="3" style="background-color:#5ac4c4;padding:0 1pt"></td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">23,691</td><td colspan="3" style="background-color:#5ac4c4;padding:2px 1pt;text-align:center;vertical-align:middle">22,973</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Contributions registered to meet pension commitments with executive directors in the proportional part for the first half of 2023 and 2022. In the case of the Chair, these contributions correspond to the sum of the annual retirement pension contribution and the adjustment made to the part qualifying as “discretionary pension benefits” for financial years 2022 and 2021, the contribution of which was to be made in 2023 and 2022, respectively, and to the premiums for death and disability in the portion corresponding to the first half of each financial year. In the case of the Chief Executive Officer, the contributions registered correspond solely to the insurance premiums paid by the Bank corresponding to the first half of each financial year to cover the contingencies of death and disability, as in his case, the Bank has not undertaken any commitments to cover the contingency of retirement.</div> 239000 232000 161000 237000 23691000 22973000 0 0 115000 143000 0 0 239000 232000 276000 379000 23691000 22973000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">The remuneration of all members of Senior Management, excluding executive directors, corresponding to the first half of 2023 and 2022 (16 members qualifying as such at June 30, 2023 and June 30, 2022) is as follows by remuneration item:</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:78.252%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.225%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:middle">Fixed remuneration (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:0 6.65pt 0 1pt"></td><td colspan="3" style="border-left:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June <div>2023</div></td><td colspan="3" style="border-left:0.25pt solid #ffffff;border-right:0.25pt solid #ffffff;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June<div> 2022</div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle">Senior Management Total</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">9,421</td><td colspan="3" style="background-color:#ffffff;border-right:0.25pt solid #ffffff;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom">8,966</td></tr></table></div> 9421000 8966000 <div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">Pension commitments with members of Senior Management</div><div style="margin-bottom:3pt;margin-top:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.893%"><tr><td style="width:1.0%"></td><td style="width:19.855%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.032%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.148%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.151%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#e9e9e9;padding:2px 1pt 2px 1.49pt;text-align:left;text-indent:-0.49pt;vertical-align:top">Senior Management (thousands of Euros)</td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td><td colspan="3" style="background-color:#e9e9e9;padding:0 1pt 0 1.49pt;text-indent:-0.49pt"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="15" style="border-bottom:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.04pt;margin-top:0.06pt;text-align:center;text-indent:-0.18pt">Contributions (1)</div></td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Accumulated funds</td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.18pt;text-indent:-0.18pt"></td><td colspan="6" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Retirement</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt;text-indent:-0.18pt"></td><td colspan="6" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">Death and disability</td><td colspan="3" style="padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1.18pt 0 1pt;text-indent:-0.18pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td><td colspan="3" style="padding:0 1pt;text-indent:-0.18pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2023</td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-0.18pt;vertical-align:middle">June 2022</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Senior Management Total</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">2,048</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">1,875</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">625</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">730</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">33,182</td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:middle">28,076</td></tr></table></div><div style="margin-bottom:10pt;margin-top:3pt;padding-left:0.56pt;text-align:justify">(1) Contributions registered to meet pension commitments with all members of Senior Management, excluding executive directors, in the proportional part for the first half of 2023 and 2022, equivalent to the sum of the annual retirement pension contributions and the adjustments made to the part qualifying as “discretionary pension benefits” for financial years 2022 and 2021, the contribution to which was to be made in 2023 and 2022, respectively, and to the insurance premiums paid by the Bank for the contingencies of death and disability in the portion corresponding to the first half of each financial year.</div> 2048000 1875000 625000 730000 33182000 28076000

Subsequent events<div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">On July 21, 2023, and once the prior consent from the Regulator has been obtained, BBVA hereby announced its irrevocable decision to early redeem on September 24, 2023 the issuance of preferred securities contingently convertible into ordinary shares of BBVA, carried out by BBVA on September 24, 2018 for a total amount of € 1,000 million.</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">BBVA requested on July 27, 2023 to the European Central Bank the correspondent supervisory authorization in order to carry out a buyback program of BBVA shares up to €1,000 million. Its execution, if the authorization requested is finally granted, would be subject to the adoption of the correspondent corporate resolutions and to the communication of the specific terms and conditions of the share buyback program before its execution. This share buyback program would be considered to be an extraordinary shareholder distribution and is therefore not included in the scope of the ordinary distribution policy (see Note 4).</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:justify">From July 1, 2023 to the date of preparation of these Consolidated Financial Statements, no other subsequent event requiring disclosure in these Consolidated Financial Statements has taken place that significantly affect the Group’s earnings or its consolidated equity position.</div>

762456000000

(2) Amounts corresponding to the positions of Deputy Chair of the Board of Directors and Lead Director. (1) Includes amounts corresponding to the positions on the Board and its various Committees, the composition of which was modified on April 26, 2023 with effects as from May 1, 2023. In addition, Carlos Salazar Lomelín received, in the first half of 2023 and 2022, a total of €58 thousand and €54 thousand, respectively, in attendance fees for his membership of the management body of BBVA México, S.A. and Grupo Financiero BBVA México, S.A. de C.V., and of strategy forum of BBVA México. (3) Director appointed at the General Meeting held on March 17, 2023. Remuneration received based on the date of acceptance of the position. (1) The adjustments include the impact of the purchase of offices in Spain in 2022 from the transaction with Merlin Properties (see Note 16). (2) Restated balances according to IFRS 17 - Insurance contracts, which had no material impacts to that date (see Note 2.1). .(4) Director who left office on March 17, 2023. Remuneration pertaining to her effective term of office in 2023. (2) The difference between the phased-in and fully-loaded ratios arises from the temporary treatment of certain capital items, mainly as a result of the impact of IFRS 9, to which the BBVA Group has adhered voluntarily (in accordance with article 473bis of the CRR and the subsequent amendments introduced by the Regulation (EU) 2020/873). In 2023, there are no differences between phased-in and fully-loaded ratios due to the aforementioned temporary treatment. (1) Provisional data. (3) Director appointed at the General Meeting held on March 18, 2022; therefore the allocation of theoretical shares was made for the first time in 2023. (1) The number of theoretical shares allocated has been calculated based on the average of the closing prices of the BBVA share during the 60 trading sessions prior to the General Meetings of March 17, 2023 and March 18, 2022, which was €6.58 and €5.47 per share, respectively. (2) Director appointed at the General Meeting held on March 17, 2023; therefore, no theoretical shares will be allocated to her until 2024. (1) Spain includes all the countries where BBVA, S.A. operates. (2) Turkey includes all the countries in which Garanti BBVA operates. (3) In South America, BBVA Group operates in Argentina, Colombia, Peru and Uruguay. (1) In the six months ended June 30, 2023, it includes €237 million due to Turkey and €571 million due to Argentina. In June 2022, it includes €554 million due to Turkey and €360 million due to Argentina. (2) In the six months ended June 30, 2023, it includes €225 million corresponding to the estimated total annual amount of the temporary tax on credit institutions and financial credit establishments, according to Law 38/2022 of December 27, 2022. (1) Excluding executive directors. (4) The amount of the accumulated impairment includes the provisions recorded for credit risk over the remaining expected lifetime of purchased financial instruments. Those provisions were determined at the moment of the Purchase Price Allocation (PPA) and were originated mainly in the acquisition of Catalunya Banc S.A. (as of June 30, 2023, the remaining balance was €162 million). These valuation adjustments are recognized in the consolidated income statement during the residual life of the instrument or applied as allowances in the value of the financial instrument when the losses materialize. (1) Spain includes all the countries where BBVA, S.A. operates.