Cover
Cover | 12 Months Ended |
Dec. 31, 2021 | |
Cover [Abstract] | |
Document Type | 6-K |
Current Fiscal Year End Date | --12-31 |
Document Period End Date | Dec. 31, 2021 |
Entity File Number | 001-12518 |
Entity Registrant Name | Banco Santander, S.A. |
Entity Address, Address Line One | Ciudad Grupo Santander |
Entity Address, Postal Zip Code | 28660 |
Entity Address, City or Town | Boadilla del Monte (Madrid) |
Entity Address, Country | ES |
Entity Central Index Key | 0000891478 |
Amendment Flag | false |
Document Fiscal Year Focus | 2021 |
Document Fiscal Period Focus | FY |
Consolidated Balance Sheets
Consolidated Balance Sheets - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
ASSETS | |||
CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEPOSITS ON DEMAND | € 210,689 | € 153,839 | € 101,067 |
FINANCIAL ASSETS HELD FOR TRADING | 116,953 | 114,945 | 108,230 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 5,536 | 4,486 | 4,911 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 15,957 | 48,717 | 62,069 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 108,038 | 120,953 | 125,708 |
FINANCIAL ASSETS AT AMORTIZED COST | 1,037,898 | 958,378 | 995,482 |
HEDGING DERIVATIVES | 4,761 | 8,325 | 7,216 |
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK | 410 | 1,980 | 1,702 |
INVESTMENTS | 7,525 | 7,622 | 8,772 |
Joint venture entities | 1,692 | 1,492 | 1,325 |
Associated entities | 5,833 | 6,130 | 7,447 |
ASSETS UNDER INSURANCE OR REINSURANCE CONTRACTS | 283 | 261 | 292 |
TANGIBLE ASSETS | 33,321 | 32,735 | 35,235 |
Property, plant and equipment | 32,342 | 31,772 | 34,262 |
Investment properties | 979 | 963 | 973 |
INTANGIBLE ASSETS | 16,584 | 15,908 | 27,687 |
Goodwill | 12,713 | 12,471 | 24,246 |
Other intangible assets | 3,871 | 3,437 | 3,441 |
TAX ASSETS | 25,196 | 24,586 | 29,585 |
Current tax assets | 5,756 | 5,340 | 6,827 |
Deferred tax assets | 19,440 | 19,246 | 22,758 |
OTHER ASSETS | 8,595 | 11,070 | 10,138 |
Insurance contracts linked to pensions | 149 | 174 | 192 |
Inventories | 6 | 5 | 5 |
Other | 8,440 | 10,891 | 9,941 |
NON-CURRENT ASSETS HELD FOR SALE | 4,089 | 4,445 | 4,601 |
TOTAL ASSETS | 1,595,835 | 1,508,250 | 1,522,695 |
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 79,469 | 81,167 | 77,139 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 32,733 | 48,038 | 60,995 |
Memorandum items: subordinated liabilities | 26,196 | 21,880 | 21,062 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 1,349,169 | 1,248,188 | 1,230,745 |
HEDGING DERIVATIVES | 5,463 | 6,869 | 6,048 |
CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK | 248 | 286 | 269 |
LIABILITIES UNDER INSURANCE OR REINSURANCE CONTRACTS | 770 | 910 | 739 |
PROVISIONS | 9,583 | 10,852 | 13,987 |
TAX LIABILITIES | 8,649 | 8,282 | 9,322 |
Current tax liabilities | 2,187 | 2,349 | 2,800 |
Deferred tax liabilities | 6,462 | 5,933 | 6,522 |
OTHER LIABILITIES | 12,698 | 12,336 | 12,792 |
LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE | 0 | 0 | 0 |
TOTAL LIABILITIES | 1,498,782 | 1,416,928 | 1,412,036 |
EQUITY | |||
SHAREHOLDERS´ EQUITY | 119,649 | 114,620 | 124,239 |
CAPITAL | 8,670 | 8,670 | 8,309 |
Called up paid capital | 8,670 | 8,670 | 8,309 |
Unpaid capital which has been called up | 0 | 0 | 0 |
SHARE PREMIUM | 47,979 | 52,013 | 52,446 |
EQUITY INSTRUMENTS ISSUED OTHER THAN CAPITAL | 658 | 627 | 598 |
Equity component of the compound financial instrument | 0 | 0 | 0 |
Other equity instruments issued | 658 | 627 | 598 |
OTHER EQUITY | 152 | 163 | 146 |
ACCUMULATED RETAINED EARNINGS | 60,273 | 65,583 | 61,028 |
REVALUATION RESERVES | 0 | 0 | 0 |
OTHER RESERVES | (4,477) | (3,596) | (3,110) |
Reserves or accumulated losses in joint venture investments | 1,572 | 1,504 | 1,210 |
Others | (6,049) | (5,100) | (4,320) |
(-) OWN SHARES | (894) | (69) | (31) |
PROFIT OR LOSS ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT | 8,124 | (8,771) | 6,515 |
(-) INTERIM DIVIDENDS | (836) | 0 | (1,662) |
OTHER COMPREHENSIVE INCOME OR LOSS | (32,719) | (33,144) | (24,168) |
Items that will not be reclassified to profit or loss | (4,241) | (5,328) | (4,288) |
Items that may be reclassified to profit or loss | (28,478) | (27,816) | (19,880) |
NON-CONTROLLING INTEREST | 10,123 | 9,846 | 10,588 |
Other comprehensive income or loss | (2,104) | (1,800) | (982) |
Other items | 12,227 | 11,646 | 11,570 |
Total equity | 97,053 | 91,322 | 110,659 |
TOTAL LIABILITIES AND EQUITY | 1,595,835 | 1,508,250 | 1,522,695 |
Loan commitments granted | |||
EQUITY | |||
MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS | 262,737 | 241,230 | 241,179 |
Financial guarantees granted | |||
EQUITY | |||
MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS | 10,758 | 12,377 | 13,650 |
Other commitments granted | |||
EQUITY | |||
MEMORANDUM ITEMS: OFF BALANCE SHEET AMOUNTS | 75,733 | 64,538 | 68,895 |
Pensions and other post-retirement obligations | |||
LIABILITIES | |||
PROVISIONS | 3,185 | 3,976 | 6,358 |
Other long term employee benefits | |||
LIABILITIES | |||
PROVISIONS | 1,242 | 1,751 | 1,382 |
Taxes and other legal contingencies | |||
LIABILITIES | |||
PROVISIONS | 1,996 | 2,200 | 3,057 |
Contingent liabilities and commitments | |||
LIABILITIES | |||
PROVISIONS | 733 | 700 | 739 |
Other provisions | |||
LIABILITIES | |||
PROVISIONS | 2,427 | 2,225 | 2,451 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||
LIABILITIES | |||
Memorandum items: subordinated liabilities | 0 | 0 | 0 |
FINANCIAL LIABILITIES AT AMORTIZED COST | |||
LIABILITIES | |||
Memorandum items: subordinated liabilities | 26,196 | 21,880 | 21,062 |
Derivatives | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 53,566 | 64,469 | 63,016 |
Short positions | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 12,236 | 16,698 | 14,123 |
Deposits | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 13,667 | 0 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 27,279 | 43,598 | 57,111 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 1,078,587 | 990,391 | 942,417 |
Central banks | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 1,038 | 0 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 607 | 2,490 | 12,854 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 139,757 | 112,804 | 62,468 |
Credit institutions | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 6,488 | 0 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 1,064 | 6,765 | 9,340 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 52,235 | 62,620 | 90,501 |
Customers | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 6,141 | 0 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 25,608 | 34,343 | 34,917 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 886,595 | 814,967 | 789,448 |
Marketable debt securities | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 5,454 | 4,440 | 3,758 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 240,709 | 230,829 | 258,219 |
Other financial liabilities | |||
LIABILITIES | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 0 | 0 | 0 |
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 0 | 126 |
FINANCIAL LIABILITIES AT AMORTIZED COST | 29,873 | 26,968 | 30,109 |
For own use | |||
ASSETS | |||
Property, plant and equipment | 13,259 | 13,213 | 15,041 |
Leased out under an operating lease | |||
ASSETS | |||
Property, plant and equipment | 19,083 | 18,559 | 19,221 |
Investment properties | 839 | 793 | 823 |
Derivatives | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 54,292 | 67,137 | 63,397 |
Equity instruments | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 15,077 | 9,615 | 12,437 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 4,042 | 3,234 | 3,350 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 2,453 | 2,783 | 2,863 |
Debt instruments | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 26,750 | 37,894 | 32,041 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 957 | 700 | 1,175 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 2,516 | 2,979 | 3,186 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 97,922 | 108,903 | 118,405 |
FINANCIAL ASSETS AT AMORTIZED COST | 35,708 | 26,078 | 29,789 |
Loans and advances | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 20,834 | 299 | 355 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 537 | 552 | 386 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 13,441 | 45,738 | 58,883 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 7,663 | 9,267 | 4,440 |
FINANCIAL ASSETS AT AMORTIZED COST | 1,002,190 | 932,300 | 965,693 |
Central banks | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 3,608 | 0 | 0 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 0 | 0 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 9,481 | 6,473 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 0 | 0 | 0 |
FINANCIAL ASSETS AT AMORTIZED COST | 15,657 | 12,499 | 18,474 |
Credit institutions | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 10,397 | 3 | 0 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 0 | 0 | 0 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 3,152 | 12,136 | 21,649 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 0 | 0 | 0 |
FINANCIAL ASSETS AT AMORTIZED COST | 39,169 | 37,838 | 40,943 |
Customers | |||
ASSETS | |||
FINANCIAL ASSETS HELD FOR TRADING | 6,829 | 296 | 355 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | 537 | 552 | 386 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | 10,289 | 24,121 | 30,761 |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | 7,663 | 9,267 | 4,440 |
FINANCIAL ASSETS AT AMORTIZED COST | € 947,364 | € 881,963 | € 906,276 |
Consolidated Income Statements
Consolidated Income Statements - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
IFRS Statement [Line Items] | |||
Interest income | € 46,463 | € 45,741 | € 56,785 |
Interest expense | (13,093) | (13,747) | (21,502) |
Interest income/(charges) | 33,370 | 31,994 | 35,283 |
Dividend income | 513 | 391 | 533 |
Income from companies accounted for using the equity method | 432 | (96) | 324 |
Commission income | 13,812 | 13,024 | 15,349 |
Commission expense | (3,310) | (3,009) | (3,570) |
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | 628 | 1,107 | 1,136 |
Gain or losses on financial assets and liabilities held for trading, net | 1,141 | 3,211 | 1,349 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 132 | 82 | 292 |
Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net | 270 | (171) | (286) |
Gain or losses from hedge accounting, net | (46) | 51 | (28) |
Exchange differences, net | (562) | (2,093) | (932) |
Other operating income | 2,255 | 1,920 | 1,797 |
Other operating expenses | (2,442) | (2,342) | (2,138) |
Income from assets under insurance and reinsurance contracts | 1,516 | 1,452 | 2,534 |
Expenses from liabilities under insurance and reinsurance contracts | (1,305) | (1,242) | (2,414) |
Total income | 46,404 | 44,279 | 49,229 |
Administrative expenses | (18,659) | (18,320) | (20,279) |
Staff costs | (11,216) | (10,783) | (12,141) |
Other general administrative expenses | (7,443) | (7,537) | (8,138) |
Depreciation and amortisation cost | (2,756) | (2,810) | (3,001) |
Provisions or reversal of provisions, net | (2,814) | (2,378) | (3,490) |
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (7,407) | (12,382) | (9,352) |
Impairment or reversal of impairment of investments in subsidiaries, joint ventures and associates, net | 0 | 0 | 0 |
Impairment or reversal of impairment on non-financial assets, net | (231) | (10,416) | (1,623) |
Tangible assets | (150) | (174) | (45) |
Intangible assets | (71) | (10,242) | (1,564) |
Others | (10) | 0 | (14) |
Gain or losses on non-financial assets and investments, net | 53 | 114 | 1,291 |
Negative goodwill recognized in results | 0 | 8 | 0 |
Gains or losses on non-current assets held for sale not classified as discontinued operations | (43) | (171) | (232) |
Operating profit/(loss) before tax | 14,547 | (2,076) | 12,543 |
Tax expense or income from continuing operations | (4,894) | (5,632) | (4,427) |
Profit/(loss) from continuing operations | 9,653 | (7,708) | 8,116 |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 |
Profit/(loss) for the year | 9,653 | (7,708) | 8,116 |
Profit/(loss) attributable to non-controlling interests | 1,529 | 1,063 | 1,601 |
Profit/(loss) attributable to the parent | € 8,124 | € (8,771) | € 6,515 |
Earnings/(losses) per share | |||
Basic (in euro per share) | € 0.438 | € (0.538) | € 0.347 |
Diluted (in euro per share) | € 0.436 | € (0.538) | € 0.346 |
Other financial assets and liabilities | |||
IFRS Statement [Line Items] | |||
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | € 539 | € 1,138 | € 828 |
Financial assets at fair value through other comprehensive income | |||
IFRS Statement [Line Items] | |||
Interest income | 2,582 | 2,840 | 3,571 |
Dividend income | 112 | 88 | 111 |
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (19) | (19) | (12) |
Financial assets at amortized cost | |||
IFRS Statement [Line Items] | |||
Interest income | 40,471 | 40,365 | 48,552 |
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | 89 | (31) | 308 |
Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes | (7,388) | (12,363) | (9,340) |
Other interest income | |||
IFRS Statement [Line Items] | |||
Interest income | 3,410 | 2,536 | 4,662 |
Reclassification of financial assets at fair value through other comprehensive income | |||
IFRS Statement [Line Items] | |||
Gain or losses on financial assets and liabilities held for trading, net | 0 | 0 | 0 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Reclassification of financial assets at amortized cost | |||
IFRS Statement [Line Items] | |||
Gain or losses on financial assets and liabilities held for trading, net | 0 | 0 | 0 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Other gains (losses) | |||
IFRS Statement [Line Items] | |||
Gain or losses on financial assets and liabilities held for trading, net | 1,141 | 3,211 | 1,349 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | € 132 | € 82 | € 292 |
Consolidated Statements of Reco
Consolidated Statements of Recognized Income and Expense - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement of comprehensive income [abstract] | |||
CONSOLIDATED PROFIT/(LOSS) FOR THE YEAR | € 9,653 | € (7,708) | € 8,116 |
OTHER RECOGNISED INCOME AND EXPENSE | (220) | (9,794) | 267 |
Items that will not be reclassified to profit or loss | 754 | (1,018) | (1,351) |
Actuarial gains and losses on defined benefit pension plans | 1,567 | (25) | (1,677) |
Non-current assets held for sale | 0 | 0 | 0 |
Other recognised income and expense of investments in subsidiaries, joint ventures and associates | (1) | (4) | 1 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income | (171) | (917) | (29) |
Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net | 0 | 0 | 0 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) | 117 | 4 | 44 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) | (117) | (4) | (44) |
Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk | (99) | 31 | (156) |
Income tax relating to items that will not be reclassified | (542) | (103) | 510 |
Items that may be reclassified to profit or loss | (974) | (8,776) | 1,618 |
Hedges of net investments in foreign operations (effective portion) | (1,159) | 2,340 | (1,151) |
Revaluation gains (losses) | (1,159) | 2,340 | (1,151) |
Amounts transferred to income statement | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Exchanges differences | 3,082 | (11,040) | 1,232 |
Revaluation gains (losses) | 3,082 | (11,040) | 1,232 |
Amounts transferred to income statement | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Cash flow hedges (effective portion) | (938) | (53) | 8 |
Revaluation gains (losses) | (1,739) | 799 | (1,104) |
Amounts transferred to income statement | 801 | (852) | 1,112 |
Transferred to initial carrying amount of hedged items | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Hedging instruments (items not designated) | 0 | 0 | 0 |
Revaluation gains (losses) | 0 | 0 | 0 |
Amounts transferred to income statement | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Debt instruments at fair value with changes in other comprehensive income | (3,250) | (100) | 2,414 |
Revaluation gains (losses) | (3,063) | 692 | 2,588 |
Amounts transferred to income statement | (545) | (1,165) | (792) |
Other reclassifications | 358 | 373 | 618 |
Non-current assets held for sale | 0 | 0 | 0 |
Revaluation gains (losses) | 0 | 0 | 0 |
Amounts transferred to income statement | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Share of other recognised income and expense of investments | 19 | (151) | (15) |
Income tax relating to items that may be reclassified to profit or loss | 1,272 | 228 | (870) |
Total recognised income and expenses for the year | 9,433 | (17,502) | 8,383 |
Attributable to non-controlling interests | 1,255 | 245 | 1,911 |
Attributable to the parent | € 8,178 | € (17,747) | € 6,472 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Total Equity - EUR (€) € in Millions | Total | Capital | Share premium | Equity instruments issued (not capital) | Other equity instruments | Accumulated retained earnings | Revaluation reserves | Other reserves | (-) Own shares | Profit attributable to shareholders of the parent | (-) Interim dividends | Other comprehensive income | Non-controlling interest, other comprehensive income | Non-controlling interest, other elements |
Equity at beginning of period (Previously stated) at Dec. 31, 2018 | € 107,361 | € 8,118 | € 50,993 | € 565 | € 234 | € 56,756 | € 0 | € (1,583) | € (59) | € 7,810 | € (2,237) | € (24,125) | € (1,292) | € 12,181 |
Equity at beginning of period (Increase (decrease) due to changes in accounting policy) at Dec. 31, 2018 | (391) | (391) | ||||||||||||
Equity at beginning of period at Dec. 31, 2018 | 106,970 | 8,118 | 50,993 | 565 | 234 | 56,756 | 0 | (1,974) | (59) | 7,810 | (2,237) | (24,125) | (1,292) | 12,181 |
Total recognised income and expense | 8,383 | 6,515 | (43) | 310 | 1,601 | |||||||||
Other changes in equity | (4,694) | 191 | 1,453 | 33 | (88) | 4,272 | (1,136) | 28 | (7,810) | 575 | (2,212) | |||
Issuance of ordinary shares | 1,673 | 191 | 1,453 | 28 | 1 | |||||||||
Capital reduction | (2) | (2) | ||||||||||||
Dividends | (3,612) | (1,055) | (1,662) | (895) | ||||||||||
Purchase of equity instruments | (928) | (928) | ||||||||||||
Disposal of equity instruments | 950 | (6) | 956 | |||||||||||
Transfers between equity items | 5,327 | 246 | (7,810) | 2,237 | ||||||||||
Increases (decreases) due to business combinations | 110 | 110 | ||||||||||||
Share-based payment | (88) | (88) | 0 | |||||||||||
Others increases or (-) decreases in equity | (2,797) | 33 | (1,404) | (1,426) | ||||||||||
Equity at end of period (Previously stated) at Dec. 31, 2019 | 110,659 | 8,309 | 52,446 | 598 | 146 | 61,028 | 0 | (3,110) | (31) | 6,515 | (1,662) | (24,168) | (982) | 11,570 |
Equity at end of period at Dec. 31, 2019 | 110,659 | 8,309 | 52,446 | 598 | 146 | 61,028 | 0 | (3,110) | (31) | 6,515 | (1,662) | (24,168) | (982) | 11,570 |
Total recognised income and expense | (17,502) | (8,771) | (8,976) | (818) | 1,063 | |||||||||
Other changes in equity | (1,835) | 361 | (433) | 29 | 17 | 4,555 | (486) | (38) | (6,515) | 1,662 | (987) | |||
Issuance of ordinary shares | 364 | 361 | (72) | 70 | 5 | |||||||||
Capital reduction | 0 | |||||||||||||
Dividends | (826) | (361) | (465) | |||||||||||
Purchase of equity instruments | (758) | (758) | ||||||||||||
Disposal of equity instruments | 721 | 1 | 720 | |||||||||||
Transfers between equity items | 0 | 4,555 | 298 | (6,515) | 1,662 | |||||||||
Increases (decreases) due to business combinations | (54) | (54) | ||||||||||||
Share-based payment | (53) | (53) | ||||||||||||
Others increases or (-) decreases in equity | (1,229) | 29 | 70 | (855) | (473) | |||||||||
Equity at end of period (Previously stated) at Dec. 31, 2020 | 91,322 | 8,670 | 52,013 | 627 | 163 | 65,583 | 0 | (3,596) | (69) | (8,771) | 0 | (33,144) | (1,800) | 11,646 |
Equity at end of period at Dec. 31, 2020 | 91,322 | 8,670 | 52,013 | 627 | 163 | 65,583 | 0 | (3,596) | (69) | (8,771) | 0 | (33,144) | (1,800) | 11,646 |
Total recognised income and expense | 9,433 | 8,124 | 54 | (274) | 1,529 | |||||||||
Other changes in equity | (3,702) | (4,034) | 31 | (11) | (5,310) | (881) | (825) | 8,771 | (836) | 371 | (30) | (948) | ||
Issuance of ordinary shares | 17 | 17 | ||||||||||||
Capital reduction | 0 | |||||||||||||
Dividends | (1,961) | (477) | (836) | (648) | ||||||||||
Purchase of equity instruments | (1,645) | (1,645) | ||||||||||||
Disposal of equity instruments | 843 | 23 | 820 | |||||||||||
Transfers between equity items | 0 | (3,557) | (5,310) | (275) | 8,771 | 371 | (30) | 30 | ||||||
Increases (decreases) due to business combinations | (5) | (5) | ||||||||||||
Share-based payment | (62) | (62) | ||||||||||||
Others increases or (-) decreases in equity | (889) | 31 | 51 | (629) | (342) | |||||||||
Equity at end of period at Dec. 31, 2021 | € 97,053 | € 8,670 | € 47,979 | € 658 | € 152 | € 60,273 | € 0 | € (4,477) | € (894) | € 8,124 | € (836) | € (32,719) | € (2,104) | € 12,227 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement of cash flows [abstract] | |||
CASH FLOWS FROM OPERATING ACTIVITIES | € 56,691 | € 66,153 | € 3,389 |
Profit (loss) | 9,653 | (7,708) | 8,116 |
Adjustments made to obtain the cash flows from operating activities | 21,363 | 37,836 | 23,990 |
Depreciation and amortisation cost | 2,756 | 2,810 | 3,001 |
Other adjustments | 18,607 | 35,026 | 20,989 |
Net increase/(decrease) in operating assets | 27,258 | 51,385 | 64,593 |
Financial assets held-for-trading | 2,064 | 12,390 | 15,450 |
Non-trading financial assets mandatorily at fair value through profit or loss | 969 | (275) | (6,098) |
Financial assets at fair value through profit or loss | (32,746) | (10,314) | 4,464 |
Financial assets at fair value through other comprehensive income | (9,152) | 6,549 | 1,693 |
Financial assets at amortized cost | 73,181 | 43,541 | 49,541 |
Other operating assets | (7,058) | (506) | (457) |
Net increase/(decrease) in operating liabilities | 56,945 | 90,356 | 38,469 |
Financial liabilities held-for-trading | (1,386) | 7,880 | 6,968 |
Financial liabilities designated at fair value through profit or loss | (14,316) | (10,907) | (8,858) |
Financial liabilities at amortized cost | 79,114 | 96,561 | 47,622 |
Other operating liabilities | (6,467) | (3,178) | (7,263) |
Income tax recovered/(paid) | (4,012) | (2,946) | (2,593) |
CASH FLOWS FROM INVESTING ACTIVITIES | (3,715) | (7,220) | (7,229) |
Payments | 11,669 | 11,976 | 14,289 |
Tangible assets | 10,015 | 7,386 | 12,766 |
Intangible assets | 1,388 | 1,134 | 1,377 |
Investments | 126 | 525 | 63 |
Subsidiaries and other business units | 140 | 2,931 | 83 |
Non-current assets held for sale and associated liabilities | 0 | 0 | 0 |
Other payments related to investing activities | 0 | 0 | 0 |
Proceeds | 7,954 | 4,756 | 7,060 |
Tangible assets | 6,382 | 2,014 | 4,091 |
Intangible assets | 0 | 0 | 0 |
Investments | 672 | 182 | 686 |
Subsidiaries and other business units | 6 | 1,775 | 218 |
Non-current assets held for sale and associated liabilities | 894 | 785 | 2,065 |
Other proceeds related to investing activities | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | (1,322) | (1,909) | (10,122) |
Payments | 7,741 | 6,978 | 12,159 |
Dividends | 1,313 | 0 | 3,773 |
Subordinated liabilities | 2,684 | 3,780 | 5,123 |
Redemption of own equity instruments | 0 | 0 | 0 |
Acquisition of own equity instruments | 1,645 | 758 | 928 |
Other payments related to financing activities | 2,099 | 2,440 | 2,335 |
Proceeds | 6,419 | 5,069 | 2,037 |
Subordinated liabilities | 5,340 | 4,095 | 1,090 |
Issuance of own equity instruments | 0 | 0 | 0 |
Disposal of own equity instruments | 854 | 721 | 947 |
Other proceeds related to financing activities | 225 | 253 | 0 |
EFFECT OF FOREIGN EXCHANGE RATE CHANGES | 5,196 | (4,252) | 1,366 |
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 56,850 | 52,772 | (12,596) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR | 153,839 | 101,067 | 113,663 |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | 210,689 | 153,839 | 101,067 |
COMPONENTS OF CASH AND CASH EQUIVALENTS AT END OF THE YEAR | |||
Cash | 8,142 | 7,817 | 8,764 |
Cash equivalents at central banks | 193,102 | 137,047 | 75,353 |
Other financial assets | 9,445 | 8,975 | 16,950 |
Less, bank overdrafts refundable on demand | 0 | 0 | 0 |
TOTAL CASH AND CASH EQUIVALENTS AT END OF THE YEAR | 210,689 | 153,839 | 101,067 |
Restricted cash | € 0 | € 0 | € 0 |
Introduction, basis of presenta
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of reclassifications or changes in presentation [abstract] | |
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information | Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information a) Introduction Banco Santander, S.A. ('the parent' or 'Banco Santander'), is a private-law entity subject to the rules and regulations applicable to banks operating in Spain, where it was constituted and currently maintains its legal domicile, which is paseo de Pereda, numbers 9 to 12 (39004, Santander, Spain). The principal headquarters of Banco Santander are located in Ciudad Grupo Santander, Avenida Cantabria s/n (28660, Boadilla del Monte, Madrid, Spain). The corporate purpose of Banco Santander, S.A., mainly entails carrying out all kinds of activities, operations and services inherent to the banking business in general and permitted by current legislation, and the acquisition, holding, enjoyment and disposal of all kinds of securities. In addition to the operations carried on directly by it, Banco Santander is the head of a group of subsidiaries that engage in various business activities and which compose, together with it, Grupo Santander ('Santander' or 'the Group'). Therefore, Banco Santander is obliged to prepare, in addition to its own separate financial statements, the Group's consolidated financial statements, which also include the interests in joint ventures and investments in associates. At 31 December 2021, Grupo Santander consisted of 721 subsidiaries of Banco Santander, S.A. In addition, other 172 companies are associates of the Group, joint ventures or companies of which the Group holds more than 5% (excluding the Group companies of negligible interest with respect to the fair presentation that the annual accounts must express). Grupo Santander consolidated financial statements for 2019 were approved by the shareholders at the group´s annual general meeting on 3 April 2020. Grupo Santander consolidated financial statements for 2020 were approved by the shareholders at the group´s annual general meeting on 26 March 2021. The Group's 2021 consolidated financial statements, the financial statements of the parent and of substantially all the Group companies have not been approved yet by their shareholders at the respective annual general meetings. However, Banco Santander board of directors considers that the aforementioned financial statements will be approved without any significant changes. b) Basis of presentation of the consolidated financial statements Under Regulation (EC) n.º 1606/2002 of the European Parliament and of the Council of 19 July 2002 all companies governed by the law of an EU Member State and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financial statements for the years beginning on or after 1 January, 2005 in conformity with the International Financial Reporting Standards ('IFRS') previously adopted by the European Union ('EU-IFRS'). In order to adapt the accounting system of Spanish credit institutions with the principles and criteria established by the IFRS adopted by the European Union ('EU-IFRS'), the Bank of Spain published circular 4/2017, dated 27 November 2017, on Public and Confidential Financial Reporting Standards and Financial Statement Formats. During 2021 and 2020, the Bank of Spain published Circulars 6/2021 of 22 December, 2/2020 and 3/2020 of 11 June, amending Circular 4/2017 of 27 November to credit institutions on Public and Confidential Financial Reporting Standards and Financial Statement Formats. Grupo Santander consolidated financial statements for 2021 were authorised by the Bank's directors (at the board meeting on 24 February 2022) in accordance with International Financial Reporting Standards as adopted by the European Union and with Bank of Spain circular 4/2017 and subsequent modifications, and Spanish corporate and commercial law applicable to the Group, using the basis of consolidation, accounting policies and measurement bases set forth in note 2, accordingly, they present fairly the Group's equity and financial position at 31 December 2021, 2020 and 2019 and the consolidated results of its operations and the consolidated cash flows in 2021, 2020 and 2019. These consolidated financial statements were prepared from the accounting records kept by the Bank and by the other Group entities, and include the adjustments and reclassifications required to unify the accounting policies and measurement bases applied by the Group. These consolidated annual accounts have been prepared on the basis of the accounting records held by the Bank and by each of the other companies of the Group, and include the adjustments and reclassifications required to standardise the accounting policies and valuation criteria applied by Grupo Santander. The consolidated financial statements are also in compliance with IFRS as issued by the International Accounting Standards Board ('IFRS - IASB' and together with IFRS adopted by the European Union, 'IFRS'). The notes to the consolidated financial statements contain additional information to that presented in the consolidated balance sheet, consolidated income statement, consolidated statement of recognised income and expense, consolidated statement of changes in total equity and consolidated statement of cash flows. The notes provide, in a clear, relevant, reliable and comparable manner, narrative descriptions and breakdowns of these statements. Adoption of new standards and interpretations issued The following modifications came into force and were adopted by the European Union in 2021: • Amendments to IFRS 9 Financial Instruments, IAS 39 Financial Instruments: Recognition and Measurement, IFRS 7 Financial Instruments: Disclosures, IFRS 4 Insurance Contracts and IFRS 16 Leases, on Reference Interest Rates - Phase 2: The amendments allow for the temporary application of certain exceptions to the requirements of (i) assessment of derecognition of financial assets, financial liabilities and lease liabilities in the event of changes in the financial assets, financial liabilities and lease liabilities, and (ii) exemptions from hedge accounting requirements directly affected by the IBOR reform, requiring additional disclosures, (iii) exemptions for lease modifications that allow the liability to be measured using the reformed interest rate curves against the right-of-use. These new exemptions require additional disclosures. The amendments became effective as of 1 January 2021, with the possibility of early application and will cease to be applicable when the uncertainties about the hedged risks, cash flows of the financial instruments affected or the hedging relationship is terminated. In this regard, the Group chose to apply the amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 in the preparation of the financial statements for the year ending 31 December 2020. The additional breakdowns required by the amendments to IFRS 7 relating to hedging relationships are included in note 36. A description of the Grupo Santander's management of the transition to alternative reference rates, as well as the changes in risk management strategy is included in note 53. Following is a detail of the carrying amount at 31 December 2021 of financial assets, financial liabilities, derivatives and loan commitments that continue to be referenced to the indices subject to the IBOR Reform: EUR million Gross Carrying amount Loans and advances Debt securities acquired (Assets) Deposits Debt securities issued (Liabilities) Derivatives (Assets) Derivatives (Liabilities) Loan Commitments Referenced to EONIA 15 68 949 284 101 242 — Referenced to LIBOR 45,713 4,325 9,358 8,408 11,806 17,551 24,533 of which USD 39,806 2,749 8,634 6,667 8,387 11,163 24,034 of which GBP 2,957 1,570 253 1,700 3,386 4,899 418 TOTAL 45,728 4,393 10,307 8,692 11,907 17,793 24,533 • Covid-19-Related Rent Concessions - Amendments to IFRS 16 Leases: As a result of the covid-19 pandemic, IFRS 16 is amended to allow the lessee to apply a practical alternative and not to consider rental concessions as a modification of the lease agreement when the following requirements are met: the revised consideration is the same or less than the consideration before the change, the affected payments are prior to 30 June 2021, and there are no substantial changes to the remaining lease terms. On 31 March 2021, the IASB published an additional amendment to extend the scope of the practical expedient to 30 June 2022. It is applicable from 1 April 2021. • Amendment to IFRS 4 Insurance Contracts, which is aimed at extending the expiry date of the temporary exemption from applying IFRS 9 by two years (from 1 January 2021 to 1 January 2023) for entities whose activities are predominantly insurance-related. This achieves alignment with the effective date of IFRS 17 Insurance Contracts (1 January 2023). It is applicable from 1 January 2021. The application of the aforementioned amendments to accounting standards and interpretations did not have any material effects on Grupo Santander consolidated financial statements. Likewise, at the date of approval of these consolidated annual accounts, the following standards which effectively came into force have effective dates after 31 December 2021: • Amendment to IFRS 3 Business Combinations: to update the references to the Conceptual Framework for Financial Reporting and add an exception for the recognition of liabilities and contingent liabilities within the scope of IAS 37 Provisions, Contingent Liabilities and Contingent Assets and IFRIC 21 Levies. The amendments also confirm that an acquirer should not recognize contingent assets acquired in a business combination. It will apply from 1 January 2022. • Amendment to IAS 16 Property, Plant and Equipment: prevents an entity from deducting from the cost of an item of property, plant and equipment any revenue from the sale of finished goods while the entity is preparing the item for its intended use. It is also clear that an entity is "testing whether the asset is functioning properly" when evaluating the technical and physical performance of the asset. The financial performance of the asset should not be taken into account for this evaluation. Additionally, entities should disclose separately the amounts of income and expenses related to finished goods that are not the product of the entity's ordinary activities. It will apply from 1 January 2022. • Amendment to IAS 37 Provisions, Contingent Liabilities and Contingent Assets: clarifies that the direct costs of fulfilling a contract include both the incremental costs of fulfilling the contract and an allocation of other costs directly related to fulfilling contracts. Before recognising a separate provision for an onerous contract, the entity recognises any impairment loss that has occurred on assets used in fulfilling the contract. It will apply from 1 January 2022. • Amendment to IFRS Cycle (2018-2020): introduces minor amendments, to be applied from 1 January 2022, with early application permitted, to the following standards: • IFRS 9 Financial Instruments: clarifies which rates must be included in the 10% test for derecognition of financial liabilities. • IFRS 16 Leases: amendment to remove possible confusion regarding the treatment of leasing incentives in the application of IFRS 16 Leases. • IFRS 1, in relation to the first-time adoption of International Financial Reporting Standards, allows entities that have measured their assets and liabilities at the carrying amounts recorded in their parent's books to also measure any cumulative translation differences using the amounts reported by the parent. This amendment also applies to associates and joint ventures that have adopted the same exemption from IFRS 1. • IFRS 17 Insurance Contracts: new general accounting standard for insurance contracts, which includes the recognition, measurement, presentation and disclosure of information. Insurance contracts combine financial and service provision features that, in many cases, generate variable long-term cash flows. To properly reflect these characteristics, IFRS 17 combines the measurement of future cash flows with the recording of the result of the contract during the period in which the service is provided, presents separately the financial results from the results for the provision of the service and allows entities, through the choice of an accounting policy option, to recognize the financial results in the income statement or in other comprehensive income. It will apply from 1 January 2023. In addition, during 2021, although it is still pending adoption by the European Union a transitional option relating to comparative information presented on financial assets in the initial application of IFRS 17, which is intended to help entities avoid temporary accounting mismatches between the financial assets and liabilities of insurance contracts, has been included during 2021 but is still pending adoption by the European Union. It will apply from 1 January 2023. Grupo Santander is still analysing the possible effects of this new standard, however, it should be noted that no material impacts on the consolidated financial statements of Grupo Santander have been identified as a result of its application, except for certain balance sheet reclassifications arising from the different treatment that this new standard establishes for the components of an insurance contract. Finally, at the date of approval of these consolidated annual accounts, the following standards which effectively come into force after 31 December 2021 had not yet been adopted by the European Union: • Classification of Liabilities, amendments to IAS 1 Presentation of Financial Statements, considering non-current liabilities those in which the entity has the possibility of deferring payment for more than 12 months from the closing date of the reporting period. They must be applied retrospectively in accordance with the normal requirements in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. It will apply from 1 January 2023. • The amendments to IAS 1 Presentation of Financial Statements require companies to disclose material information about their accounting policies rather than their significant accounting policies. It will be applicable from 1 January 2023. • The amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors clarifies how to distinguish changes in accounting policies, which are generally applied retrospectively, from changes in accounting estimates, which are generally applied prospectively. It will be applicable from 1 January 2023. • The amendments to IAS 12 Income Taxes require companies to recognise deferred tax on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. In addition, entities should recognise deferred tax assets (to the extent that it is probable that they can be utilised) and deferred tax liabilities at the beginning of the earliest comparative period for all deductible and taxable temporary differences associated with: • Right-of-use assets and lease liabilities, and • Decommissioning, restoration and similar liabilities, and the corresponding amounts recognised as part of the cost of the related assets. The cumulative effect of recognising these adjustments is recognised in retained earnings, or another component of equity, as appropriate. It will be applicable from 1 January 2023. Grupo Santander is currently analysing the possible effects of these new standards and interpretations. All accounting policies and measurement bases with a material effect on the consolidated financial statements for 2021 were applied in the preparation of these consolidated annual accounts. c) Use of critical estimates The consolidated results and the determination of consolidated equity are sensitive to the accounting policies, measurement bases and estimates used by the directors of the Bank in preparing the consolidated financial statements. The main accounting policies and measurement bases are set forth in note 2. In the consolidated financial statements estimates were occasionally made by the senior management of Grupo Santander in order to quantify certain of the assets, liabilities, income, expenses and obligations reported herein. These estimates, which were made on the basis of the best information available, relate basically to the following: • The impairment losses on certain assets: it applies to financial assets at fair value through other comprehensive income, financial assets at amortised cost, non-current assets held for sale, investments, tangible assets and intangible assets (see notes 6, 7, 10, 12, 13, 16, 17, 18 and 53). • The assumptions used in the actuarial calculation of the post-employment benefit liabilities and commitments and other obligations (see note 25). • The useful life of the tangible and intangible assets (see notes 16 and 18). • The measurement of goodwill arising on consolidation (see note 17). • The calculation of provisions and the consideration of contingent liabilities (see note 25). • The fair value of certain unquoted assets and liabilities (see notes 6, 7, 8, 9, 10, 11, 20, 21 and 22). • The recoverability of deferred tax assets and the income tax expense (see note 27). • The fair value of the identifiable assets acquired and the liabilities assumed in business combinations (see note 3). To update the estimates described above, the Group's Management has taken into account the current situation as a result of covid-19, classified as a pandemic by the World Health Organization, which significantly is affecting the economic activity worldwide and, as a result, the Group's operations and financial results, and which generates uncertainty in the Group's estimates. Therefore, the Group's Management has made an assessment of the current situation according to the best information available to date, disclosing in the notes the main estimates made and the potential impacts of covid-19 on them for the period ended 31 December 2021 (see notes 17, 27 and 53). Although these estimates have been made on the basis of the best information available at the end of the year 2021, and considering information updated at the date of preparation of these consolidated annual accounts, it is possible that events that may take place in the future may make it necessary to modify them (upwards or downwards) in the coming years, which would be done, if appropriate, in a prospective manner, recognising the effects of the change in estimate in the corresponding consolidated income statement. d) Information relating to 2020 and 2019 In July 2016, the IASB published IFRS 16, Leases, which was adopted by the Group in accordance with the standard on 1 January 2019. IFRS 16 establishes the principles for the recognition, measurement, presentation and breakdown of lease contracts, with the objective of ensuring reporting information that faithfully represents the lease transactions. The adoption of IFRS 16 led to changes in the Group's accounting policies for the recognition, measurement, presentation and breakdown of lease contracts. As a result of its adoption , the impact of the first application recorded by Grupo Santander corresponds, mainly, to the recognition of right-of-use for an amount of EUR 6,693 million, financial liabilities for an amount of EUR 7,084 million and a negative impact on the Group's equity of EUR 391 million. The impact of the first application of IFRS 16 on the ordinary capital ratio (Common Equity Tier 1 - CET 1) was -20 bp. Secondly, Grupo Santander chose to apply in advance for the financial statements for the year ended 31 December 2019 the amendment to IFRS 9, IAS 39 and IFRS 7 on Reference Interest Rates (IBOR Reform - Phase 1). Grupo Santander applies IAS 39 for hedge accounting, detailed below are the main assumptions or judgments made by Grupo Santander when applying the amendments to that standard. – For cash flow hedges, the Group has assumed that the cash flows covered (which are based on the benchmark index) are not modified as a result of the aforementioned reform, and therefore continue to comply with the highly probable future transaction requirement. – To determine the prospective effectiveness of hedges, the Group has assessed that the economic relationship between the hedged item and the hedging instrument continues to exist since the interest rate benchmark on which the hedged item and the hedging instrument are based is not changed as a result of the IBOR reform. See information regarding Phase 2 of that Reform in section b of this note and in note 53. Additionally, the segment information corresponding to the year ended 31 December 2020 and 2019 were restated for comparative purposes in accordance with the Group's new organizational structure, as required by IFRS 8 (see note 51). In addition to the above, the information in note 4.b relating to the shares outstanding in 2019 has been restated due to the capital increase done in 2020 described in note 31.a in accordance with IAS 33 Earnings per Share. Finally, based on the meeting held on 3 March 2020 by the International Financial Reporting Standards Committee (IFRIC), the Group has changed its accounting policy in relation to the presentation of exchange differences and the effects of hyperinflation of the operations generated in Argentina with retroactive effect (see note 2.a.iv). In order to interpret the changes in the balances with respect to 31 December 2021, it is necessary to take into consideration the exchange rate effect arising from the volume of foreign currency balances held by Grupo Santander in view of its geographic diversity (see note 51.b) and the impact of the appreciation/depreciation of the various currencies against the euro in 2021, based on the exchange rates at the end of 2021: Mexican peso (5.55%), US dollar (8.34%) , Brazilian real (0.85%) , Argentine peso (-11.30%), Sterling pound (6.91%), Chilean peso (-9.61%), and Polish zloty (-0.82%); as well as the evolution of the comparable average rates: Mexican peso (1.60%), US dollar (-3.52%), Brazilian real (-8.75%), Argentine peso ( -8.21%), Sterling pound (3.43%), Chilean peso (0.55%) and Polish zloty (-2.70%). e) Capital management i. Regulatory and economic capital Credit institutions must meet a number of minimum capital and liquidity requirements. These minimum requirements are governed by the European Capital Requirements Regulation, better known as CRR, and the Capital Requirements Directive, CRD. In June 2019, these regulations were significantly amended. The applicable regulations are now CRR II and CRD V. As the Directives need to be transposed into the legal systems of the different Member States in order to be applicable, in the case of Spain, Royal Legislative Decree 7/2021 and Royal Decree 970/2021 were published for this purpose in 2021. In June 2019, CRR II introduced the minimum TLAC (Total Loss Absorbing Capacity) requirement, which only applies to global systemically important banks (G-SIBs). This requirement introduces two metrics: i) a minimum requirement for own funds and eligible liabilities as a percentage of the Total Risk Exposure Amount (TREA) set at 16% during the transition period and 18% from 1 January 2022 after the end of the transition period; and ii) a metric to set a minimum requirement for own funds and eligible liabilities as a percentage of the Total Risk Exposure Amount of 6% during the transition period and 6.75% from 1 January 2022 after the end of the transition period. This year saw the implementation of the EBA Guidelines on the Definition of New Default, which were prepared in accordance with CRR II, on 1 January 2021. The changes to CRR II that are applicable from June 2021 include the introduction of a minimum leverage ratio of 3%, the new standardised EAD calculation for counterparty risk, known as SA-CCR, the long-term liquidity ratio (NSFR), the new limits for large exposures and the requirement to report under the standardised approach for market risk. The CRD V introduces important modifications such as the regulation of Pillar 2G ('guidance', orientation of requirements by Pillar 2). On 27 October 2021, the European Commission published the draft review of European banking legislation: CRR III and CRD VI. The banking package consists of the following elements: 1) Implementation of the final Basel III reforms, 2) Contribution to sustainability and green transition and 3) Stronger supervision: ensuring sound management of EU banks and better protection of financial stability. In general, the Commission proposes to start applying the new rules from 1.1.2025, but the amendments to the regulation that concern resolution issues could come into force in the first months of 2022. With regard to the resolution rules, institutions must have an adequate funding structure to ensure that, in the event of financial distress, the institution has sufficient liabilities to absorb losses in order to recover its position or be resolved, while ensuring the protection of depositors and financial stability. The directive that governs the resolution framework mentioned above is the Bank Recovery and Resolution Directive (BRRD). Like the CRR and the CRD, the BRRD was amended in June 2019, so BRRD II refers to all of these amendments. The transposition of this directive into the Spanish legal system took place in 2021 through a Royal Decree. BRRDII has introduced important changes to the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). For example, the TLAC requirement is now considered a Pillar 1 resolution requirement for G-SIBs. For large banks (defined as banks with total assets of more than EUR 100 billion) or banks deemed systemically important by the resolution authority, BRRDII sets a minimum subordination requirement of 13.5% of risk-weighted assets or 5% of the leverage ratio, whichever is higher. For all other institutions, the subordination requirement is set by the resolution authority on a case-by-case basis. Finally, Deposit Guarantee Schemes (DGS) are regulated by Directive 2014/49 or DSGD, which has not undergone any significant changes since its publication in 2014. It aims to harmonise the deposit guarantee schemes of the Member States, thus ensuring stability and balance in the different countries. It creates an appropriate framework for depositors to have better access to DGSs than was the case before the publication of this Directive through clear coverage, shorter repayment periods, better information and robust funding requirements. This Directive is transposed into Spanish law by Law 11/2015, Royal Decree 1012/2015 and Royal Decree 1041/2021. In 2020, the national governments took measures to address the economic and social impact of the vine population, in particular legislative moratoria that were aimed at containing NPLs and helping the population to meet liquidity needs. Throughout 2020, the EBA adopted a series of guidelines, including the Guidelines on legislative and non-legislative moratoria applied in the context of the Cov19 crisis on 2 April 2020 (EBA/GL/2020/08). These guidelines clarified the requirements for public and private moratoria to avoid classification of exposures affected by moratoria as forborne exposures. Although these guidelines were initially going to apply to moratoria granted before 30 June 2020, the EBA decided on 2 December 2020 to reactivate the application of these guidelines (EBA/GL/2020/02) for moratoria requested before 31 March 2021 and for a period not exceeding 9 months. Another measure adopted in 2020 to provide flexibility in meeting the requirements was the approval and entry into force of the CRR "Quick Fix" amending CRR II (urgent and extraordinary amendments to bring about a more flexible regulatory framework in response to COVID-19). The Quick Fix introduces a number of new features, including the extension of the transitional period granted before the pandemic for the entry into force of IFRS 9, due to the sudden and significant increase in expected credit loss provisions to be recognised. The implementation of certain provisions of CRR II has also been delayed, such as those relating to the leverage ratio buffer (postponed until 1 January 2023); the possibility of excluding exposures to central banks from the calculation of the leverage ratio, which should have been applied from June 2021 on, has been brought forward. Other provisions beneficial to institutions have also been brought forward. These include the support factors for SMEs and infrastructure, and the new treatment for software (applicable from the day following the publication date of the Delegated Regulation that implements it). At 31 December 2021 Grupo Santander met the minimum capital requirements established by current legislation (see note 53d). ii. Plan for the roll-out of advanced approaches and authorisation from the supervisory authorities Grupo Santander continues adopting, over the next few years, the advanced internal ratings-based (AIRB) approach under Basel II for substantially all its banks. The commitment assumed before the supervisor still implies the adoption of advanced models within the ten key markets where Santander Group operates. This objective of covering IRB models in the group should be seen in the context of the current supervisory focus on the robustness and adequacy of existing models, as well as the simplification strategy recently agreed with the ECB. Grupo Santander has obtained authorisation from the supervisory authorities to use the AIRB approach for the calculation of regulatory capital requirements for credit risk for the Parent and the main subsidiaries in Spain, the United Kingdom and Portugal, as well as for certain portfolios in Germany, Mexico, Brazil, Chile, the Nordic countries (Norway, Sweden and Finland), France and the United States. As regards the other risks explicitly addressed under Basel Pillar I, the Group is authorised to use its internal model for market risk for its treasury trading activities in Spain, Chile and Mexico. For the purpose of calculating regulatory capital for operational risk, the Group uses the standardised approach provided for the CRR. In 2017 the European Central Bank authorised the use of the Alternative Standardised Approach to calculate the capital requirements at consolidated level in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, in addition to the approval obtained in 2016 in Brazil. f) Environmental impact In view of the business activities carried on by the Group entities, the Group does not have any environmental liability, expenses, assets, provisions or contingencies that might be material with respect to its consolidated equity, financial position or results. Grupo Santander considers the aspects related to climate change in the preparation of the ratings of its wholesale clients if they are relevant. These ratings influence the subsequent assignment of credit parameters for the calculation of the expected loss' estimate. With the reasonable and supportable information available at the date of approval of these consolidated annual accounts, the potential additional impacts of expected losses on the time horizons of the Group's portfolios, taking into account as well the mitigation measures, are not considered material. Grupo Santander, together with the rest of the financial industry, is working on developing the appropriate methodologies to improve the measurement of these losses, when the necessary regulatory developments are more advanced and information is available to carry out a more precise measurement. See additional information in note 53.a. g) Events after the reporting perio d No significant events occurred from 1 January 2022 to the date on which these consolidated financial statements were authorised for issue, other than those described in these consolidated annual accounts. |
Accounting policies
Accounting policies | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Accounting Policies Abstract [Abstract] | |
Accounting policies | Accounting policiesThe accounting policies applied in preparing the consolidated financial statements were as follows: a) Foreign currency transactions i. Presentation currency Banco Santander’s functional and presentation currency is the euro. Also, the presentation currency of the Group is the euro. ii. Translation of foreign currency balances Foreign currency balances are translated to euros in two consecutive stages: ▪ Translation of foreign currency to the functional currency (currency of the main economic environment in which the entity operates). ▪ Translation to euros of the balances held in the functional currencies of entities whose functional currency is not the euro. Translation of foreign currency to the functional currency Foreign currency transactions performed by consolidated entities (or entities accounted for using the equity method) not located in European Monetary Union (“EMU”) countries are initially recognised in their respective currencies. Monetary items in foreign currency are subsequently translated to their functional currencies using the closing rate. Furthermore: ▪ Non-monetary items measured at historical cost are translated to the functional currency at the exchange rate at the date of acquisition. ▪ Non-monetary items measured at fair value are translated at the exchange rate at the date when the fair value was determined. ▪ Income and expenses are translated at the average exchange rates for the year for all the transactions performed during the year. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the year which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates. ▪ The balances arising from non-hedging forward foreign currency/foreign currency and foreign currency/euro purchase and sale transactions are translated at the closing rates prevailing in the forward foreign currency market for the related maturity. Translation of functional currencies to euros The balances in the financial statements of consolidated entities (or entities accounted for using the equity method) whose functional currency is not the euro are translated to euros as follows: ▪ Assets and liabilities, at the closing rates. ▪ Income and expenses, at the average exchange rates for the year. ▪ Equity items, at the historical exchange rates. iii. Recognition of exchange differences The exchange differences arising on the translation of foreign currency balances to the functional currency are generally recognised at their net amount under 'Exchange differences, net' in the consolidated income statement, except for exchange differences arising on financial instruments at fair value through profit or loss, which are recognised in the consolidated income statement without distinguishing them from other changes in fair value, and for exchange differences arising on non-monetary items measured at fair value through equity, which are recognised under 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' (except for exchange differences on equity instruments, where the option to irrevocably elect to be measured at fair value through changes in accumulated other comprehensive income, which are recognised in accumulated 'Other Comprehensive Income - Items not to be reclassified to profit or loss - Changes in fair value of equity instruments measured at fair value' through other comprehensive income (see note 29). The exchange differences arising on the translation to euros of the financial statements denominated in functional currencies other than the euro are recognised in 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' in the consolidated balance sheet, whereas those arising on the translation to euros of the financial statements of entities accounted for using the equity method are recognised in equity under 'Other comprehensive income–Items that may be reclassified to profit or loss and Items not reclassified to profit or loss–Other recognised income and expense' of investments in subsidiaries, joint ventures and associates (see note 29), until the related item is derecognised, at which time they are recognised in profit or loss. Exchange differences arising on actuarial gains or losses when converting to euros the financial statements denominated in the functional currencies of entities whose functional currency is different from the euro are recognised under equity 'Other comprehensive income–Items not reclassified to profit or loss–Actuarial gains or (-) losses' on defined benefit pension plans (see note 29). iv. Entities located in hyperinflationary economies When a subsidiary operates in a country with hyperinflationary economy, IAS 29 Financial Information in Hyperinflationary Economies is applied, which means that: – Historical cost of non-monetary assets and liabilities and of the various items of equity have to be adjusted to reflect the changes in the purchasing power of the currency due to inflation from their date of acquisition or incorporation into the consolidated balance sheet. – The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in 'Other comprehensive income'. – The loss on the net monetary position is recorded in the income for the year against 'Accumulated Other comprehensive income'. – All components of the financial statements of the subsidiary are translated at the closing exchange rate. The deterioration of the economic situation in Argentina over the last years caused, among other impacts, a significant increase in inflation, which by the end of 2018 had reached 48% per year (147% accumulated in three years). This led the Group to conclude that it was necessary to apply IAS 29 Financial Information in Hyperinflationary Economies to its activities in the country in question in its consolidated financial statements from that year on. At that moment, according with Group’s accounting policies, exchange differences arising on the translation to the Group´s presentation currency of financial statements denominated in functional currencies other than euro for subsidiaries located in countries with high inflation rates were recorded in the consolidated statement of changes in total 'Equity-Other reserves'. However, on the basis of the meeting held on 3 March 2020 by the International Financial Reporting Standards Committee (IFRIC), in 2020 Grupo Santander changed its accounting policy with regard to the presentation of exchange differences and the effects of hyperinflation in the operations generated in Argentina, which resulted in a reclassification of EUR -2,136 million at 31 December 2019 for comparability purposes, from the heading "Other reserves" to "Accumulated other comprehensive income", from "Other reserves" to "Accumulated other comprehensive income", corresponding to the accumulated amount of exchange differences related to foreign operations in a hyperinflationary economy and the amount corresponding to the adjustment of the historical cost of the Argentine companies reflecting the changes in the purchasing power of the currency derived from inflation. This change in accounting policy and its consequent restatement between different equity items has no impact on the total equity of Grupo Santander. In accordance with the provisions of the Argentine Federation of Professional Councils in Economic Sciences (Fcpce), which is the organization that issues the professional accounting standards in said country, the inflation indexes applied are the wholesale internal price index (WPI) until 30 November 2016 and the National Consumer Price Index published by the National Institute of Statistics and Censues (Indec) from 1 December 2016 on. Inflation during 2021 wa s 50.9%% for the year (36.1% at 31 December 2020). The exchange rate at 31 December 2021 has been of Argentine peso s 116.30 pe r euro (Argentine pesos 103.16 Argentine pesos per euro at 31 December 2020). The net impact on Other Comprehensive Income in 2021 of the effects derived from the exchange differences arising on the translation to the Group´s presentation currency of financial statements of the subsidiaries located in Argentina and the application of IAS 29 was a profit of EUR 177 m illion (loss of EUR 202 million in 2020). At 31 December 2020, no other country in which the consolidated and associated entities of Grupo Santander are located is considered to have a hyperinflationary economy in accordance with the criteria establ ished in this regard by the International Financial Reporting Standards adopted by the European Union. v. Exposure to foreign currency risk Grupo Santander hedges a portion of its long-term foreign currency positions using foreign exchange derivative financial instruments (see note 36). Also, the Group manages foreign exchange risk dynamically by hedging its short-term position (with a potential impact on profit or loss) in order to limit the impact of currency depreciations while optimising the cost of financing the hedges. The following tables show the sensitivity of the consolidated income statement and consolidated equity to percentage changes of ± 1% in the foreign exchange rate positions arising from investments in Grupo Santander companies with currencies other than the euro (with its hedges) and in their results (with its hedges), in which the Group maintains significant balances. The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit of a 1% appreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2021 2020 2019 2021 2020 2019 US dollar (133.3) (123.6) (161.3) (8.6) (4.1) (3.5) Chilean peso (11.4) (20.4) (21.8) (2.4) (4.4) (2.3) Pound sterling (105.9) (107.9) (189.2) (2.3) (1.2) (3.9) Mexican peso (23.1) (21.7) (22.6) (0.9) (2.0) (3.3) Brazilian real (80.8) (75.0) (71.6) (15.4) (12.6) (10.4) Polish zloty (27.5) (26.7) (38.3) (1.1) (2.2) (1.2) Argentine peso (10.7) (7.9) (6.9) (2.5) (1.8) (1.2) Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit of a 1% depreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2021 2020 2019 2021 2020 2019 US dollar 136.0 126.1 164.6 8.8 4.2 3.5 Chilean peso 11.6 20.8 22.2 2.4 4.5 2.4 Pound sterling 108.0 110.1 193.0 2.3 1.2 4.0 Mexican peso 23.6 22.1 23.1 0.9 2.0 3.4 Brazilian real 82.4 76.5 73.1 15.7 12.8 10.6 Polish zloty 28.0 27.2 39.0 1.1 2.2 1.2 Argentine peso 11.0 8.0 7.0 2.6 1.8 1.3 The above data were obtained as follows: a) Effect on consolidated equity: in accordance with the accounting policy detailed in note 2.a.iii, foreign exchange rate impact arising on the translation to euros of the financial statements in the functional currencies of the Group entities whose functional currency is not the euro are recognised in consolidated equity. The potential effect that a change in the exchange rates of the related currency would have on the Group’s consolidated equity was therefore determined by applying the aforementioned change to the net value of each unit’s assets and liabilities -including, where appropriate, the related goodwill- and by taking into consideration the offsetting effect of the hedges of net investments in foreign operations. b) Effect on consolidated profit: the effect was determined by applying the up and down movements in the average exchange rates of the year, as indicated in note 2.a.ii (except in the case of Argentina, which is a hyperinflationary economy and has applied the closing exchange rate), to translate to euros the income and expenses of the consolidated entities whose functional currency is not the euro, taking into consideration, where appropriate, the offsetting effect of the various hedging transactions in place. The estimates used to obtain the foregoing data were performed considering the effects of the changes in the exchange rate in standalone basis not considering the effect of the performance of other variables whose changes would affect equity and profit or loss, such as variations in the interest rates of the reference currencies or other market factors. Accordingly, all variables other than the exchange rate variations were kept constant with respect to their positions at 31 December 2021, 2020 and 2019. b) Basis of consolidation i. Subsidiaries Subsidiaries are defined as entities over which the Bank has the capacity to exercise control. The Bank controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of the subsidiaries are fully consolidated with those of the Bank. Accordingly, all balances and effects of the transactions between consolidated companies are eliminated on consolidation. On acquisition of control of a subsidiary, its assets, liabilities and contingent liabilities are recognised at their acquisition-date fair values. Any positive differences between the acquisition cost and the fair values of the identifiable net assets acquired are recognised as goodwill (see note 17). Negative differences are recognised in profit or loss on the date of acquisition. Additionally, the share of third parties of Grupo Santander equity is presented under 'Non-controlling interests' in the consolidated balance sheet (see note 28). Their share of the profit for the year is presented under 'Profit attributable to non-controlling interests' in the consolidated income statement. The results of subsidiaries acquired during the year are included in the consolidated income statement from the date of acquisition to year-end. Similarly, the results of subsidiaries for which control is lost during the year are included in the consolidated income statement from the beginning of the year to the date of disposal. At 31 December 2021 Grupo Santander controls a company in which it holds an ownership interest of less than 50% of the share capital, Luri 1, S.A., in liquidation, apart from the structured consolidated entities. The percentage ownership interest in the aforementioned company is 46% (see appendix I). Although Grupo Santander holds less than half the voting power, it manages and, as a result, exercises control over this entity. The company´s corporate purpose for the entity is the acquisition of real estate and other general operations relating thereto, including rental, and the purchase and sale of properties; the company object of the latter entity is the provision of payment services. The impact of the consolidation of this company on the Group's consolidated financial statements is immaterial. The appendices contain significant information on the subsidiaries. ii. Interests in joint ventures Joint ventures are deemed to be entities that are not subsidiaries but which are jointly controlled by two or more unrelated entities. This is evidenced by contractual arrangements whereby two or more parties have interests in entities so that decisions about the relevant activities require the unanimous consent of all the parties sharing control. In the consolidated financial statements, investments in joint ventures are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with a joint venture are eliminated to the extent of the Group’s interest therein. The appendices contain relevant information on the joint ventures. iii. Associates Associates are entities over which Banco Santander is in a position to exercise significant influence, but not control or joint control. It is presumed that Banco Santander exercises significant influence if it holds 20% or more of the voting power of the investee. In the consolidated financial statements, investments in associates are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with an associate are eliminated to the extent of the Group’s interest in the associate. There are certain investments in entities which, although Grupo Santander owns 20% or more of their voting power, are not considered to be associates because the Group is not in a position to exercise significant influence over them. At 31 December 2021 and 2020, this was the situation of the investment in Project Quasar Investments 2017, S.L., despite maintaining a 49% interest in its share capital (see appendix II). The remaining investments are not significant for the Group. There are also certain investments in associates where the Group owns less than 20% of the voting rights, as it is determined that it has the capacity to exercise significant influence over them. The impact of these companies is immaterial in the Group's consolidated financial statements. The appendices contain significant information on the associates. iv. Structured entities When Grupo Santander incorporates entities, or holds ownership interests therein, to enable its customers to access certain investments, or for the transfer of risks or other purposes (also called structured entities since the voting or similar power is not a key factor in deciding who controls the entity), the Group determines, using internal criteria and procedures and taking into consideration the applicable legislation, when control (as defined above) exists and, therefore, whether these entities should be consolidated. Specifically, for those entities to which this policy applies (mainly investment funds and pension funds), the Group analyses the following factors: ▪ Percentage of ownership held by Grupo Santander; 20% is established as the general threshold. ▪ Identification of the fund manager, and verification as to whether it is a company controlled by the Group since this could affect Grupo Santander ability to direct the relevant activities. ▪ Existence of agreements between investors that might require decisions to be taken jointly by the investors, rather than by the fund manager. ▪ Existence of currently exercisable removal rights (possibility of removing the manager from his position), since the existence of such rights might limit the manager’s power over the fund, and it may be concluded that the manager is acting as an agent of the investors. ▪ Analysis of the fund manager’s remuneration regime, taking into consideration that a remuneration regime that is proportionate to the service rendered does not, generally, create exposure of such importance as to indicate that the manager is acting as the principal. Conversely, if the remuneration regime is not proportionate to the service rendered, this might give rise to an exposure that would lead the Group to a different conclusion. These structured entities also include the securitisation special purpose vehicles, which are consolidated in the case of the Special Purpose Vehicles (SPVs) over which, being exposed to variable yield, it is considered that the Group continues to exercise control. The exposure associated with unconsolidated structured entities are not material with respect to the Group’s consolidated financial statements. v. Business combinations A business combination is the bringing together of two or more separate entities or economic units into one single entity or group of entities. Business combinations whereby Grupo Santander obtains control over an entity or a business are recognised for accounting purposes as follows: ▪ Grupo Santander measures the cost of the business combination, which is normally the consideration transferred, defined as the acquisition-date fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity instruments issued, if any, by the acquirer. In cases where the amount of the consideration to be transferred has not been definitively established at the acquisition date, but rather depends on future events, any contingent consideration is recognised as part of the consideration transferred and measured at its acquisition-date fair value. Moreover, acquisition-related costs do not for these purposes form part of the cost of the business combination. ▪ The fair values of the assets, liabilities and contingent liabilities of the acquired entity or business, including any intangible assets identified in the business combination which might not have been recognised by the acquiree, are estimated and recognised in the consolidated balance sheet; the Group also estimates the amount of any non-controlling interests and the fair value of the previously held equity interest in the acquiree. ▪ Any positive difference between the aforementioned items is recognised as discussed in note 2.m. Any negative difference is recognised under 'Negative Goodwill' recognised in the consolidated income statement. Goodwill is only calculated and recognised once, when control of a business or an entity is obtained. vi. Changes in the levels of ownership interests in subsidiaries Acquisitions and disposals not giving rise to a change in control are recognised as equity transactions, and no gain or loss is recognised in the income statement and the initially recognised goodwill is not remeasured. The difference between the consideration transferred or received and the decrease or increase in non-controlling interests, respectively, is recognised in reserves. Similarly, when control over a subsidiary is lost, the assets, liabilities and non-controlling interests and any other items recognised in 'Other Comprehensive income' of that company are derecognised from the consolidated balance sheet, and the fair value of the consideration received and of any remaining equity interest is recognised. The difference between these amounts is recognised in profit or loss. vii. Acquisitions and sales Note 3 provides information on the most significant acquisitions and sales in the last three years. c) Definitions and classification of financial instruments i. Definitions A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. An equity instrument is a contract that evidences a residual interest in the assets of the issuing entity after deducting all of its liabilities. A financial derivative is a financial instrument whose value changes in response to the change in an observable market variable (such as an interest rate, foreign exchange rate, financial instrument price, market index or credit rating), whose initial investment is very small compared with other financial instruments with a similar response to changes in market factors, and which is generally settled at a future date. Hybrid financial instruments are contracts that simultaneously include a non-derivative host contract together with a derivative, known as an embedded derivative, that is not separately transferable and has the effect that some of the cash flows of the hybrid contract vary in a way similar to a stand-alone derivative. Compound financial instruments are contracts that simultaneously create for their issuer a financial liability and an own equity instrument (such as convertible bonds, which entitle their holders to convert them into equity instruments of the issuer). The preference shares contingently convertible into ordinary shares eligible as Additional Tier 1 capital (CCPSs) -perpetual shares, which may be repurchased by the issuer in certain circumstances, the interest on which is discretionary, and would convert into variable number of newly issued ordinary shares if the capital ratio of the Bank or its consolidated group falls below a given percentage (trigger event), as those two terms are defined in the related issue prospectuses- are recognised for accounting purposes by the Group as compound instruments. The liability component reflects the issuer’s obligation to deliver a variable number of shares and the equity component reflects the issuer’s discretion in relation to the payment of the related coupons. In order to effect the initial allocation, the Group estimates the fair value of the liability as the amount that would have to be delivered if the trigger event were to occur immediately and, accordingly, the equity component, calculated as the residual amount, is zero. In view of the aforementioned discretionary nature of the payment of the coupons, they are deducted directly from equity. Capital perpetual preference shares (CPPS), with the possibility of purchase by the issuer in certain circumstances, whose remuneration is discretionary, and which will be amortised permanently, totally or partially, in the event that the bank or its consolidated group submits a capital ratio lesser than a certain percentage (trigger event), as defined in the corresponding prospectuses, are accounted for by the Group as equity instruments. The following transactions are not treated for accounting purposes as financial instruments: ▪ Investments in associates and joint ventures (see note 13). ▪ Rights and obligations under employee benefit plans (see note 25). ▪ Rights and obligations under insurance contracts (see note 15). ▪ Contracts and obligations relating to employee remuneration based on own equity instruments (see note 34). ii. Classification of financial assets for measurement purposes Financial assets are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Non-current assets held for sale' or they relate to 'Cash, cash balances at central banks and other deposits on demand', 'Changes in the fair value of hedged items in portfolio hedges of interest rate risk (asset side)', 'Hedging derivatives and Investments', which are reported separately. Classification of financial instruments: the classification criteria for financial assets depends on the business model for their management and the characteristics of their contractual flows. Grupo Santander business models refer to the way in which it manages its financial assets to generate cash flows. In defining these models, the Group takes into account the following factors: • How key management staff are assessed and reported on the performance of the business model and the financial assets held in the business model. • The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed. • How business managers are remunerated. • The frequency and volume of sales in previous years, as well as expectations of future sales. The analysis of the characteristics of the contractual flows of financial assets requires an assessment of the congruence of these flows with a basic loan agreement. The Group determines if the contractual cash flows of its financial assets that are only principal and interest payments on the outstanding principal amount at the beginning of the transaction. This analysis takes into consideration four factors (performance, clauses, contractually linked products and currencies). Furthermore, among the most significant judgements used by the Group in carrying out this analysis, the following ones are included: • The return on the financial asset, in particular in cases of periodic interest rate adjustments where the term of the reference rate does not coincide with the frequency of the adjustment. In these cases, an assessment is made to determine whether or not the contractual cash flows differ significantly from the flows without this change in the time value of money, establishing a tolerance level of 2%. • The contractual clauses that may modify the cash flows of the financial asset, for which the structure of the cash flows before and after the activation of such clauses is analysed. • Financial assets whose cash flows have different priority for payment due to a contractual link to underlying assets (e.g. securitisations) require a look-through analysis by the Group so as to review that both the financial asset and the underlying assets are only principal and interest payments and that the exposure to credit risk of the set of underlying assets belonging to the tranche analysed is less than or equal to the exposure to credit risk of the set of underlying assets of the instrument. Depending on these factors, the asset can be measured at amortised cost, at fair value with changes in other comprehensive income, or at fair value with changes through profit and loss. IFRS 9 also establishes an option to designate an instrument at fair value with changes in profit or loss, when doing so eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as 'accounting asymmetry') that would otherwise arise from measuring assets or liabilities or recognising gains and losses on different bases. Grupo Santander uses the following criteria for the classification of financial debt instruments: • Amortised cost: financial instruments under a business model whose objective is to collect principal and interest flows, over which there is no significant unjustified sales and fair value is not a key element in the management of these assets and contractual conditions they give rise to cash flows on specific dates, which are only payments of principal and interest on the outstanding principal amount. In this sense, unjustified sales are considered to be those other than those related to an increase in the credit risk of the asset, unanticipated funding needs (stress case scenarios). Additionally, the characteristics of its contractual flows represent substantially a “basic financing agreement”. • Fair value with changes in other comprehensive income: financial instruments held in a business model whose objective is to collect principal and interest cash flows and the sale of these assets, where fair value is a key factor in their management. Additionally, the contractual cash flow characteristics substantially represent a 'basic financing agreement'. • Fair value with changes in profit or loss: financial instruments included in a business model whose objective is not obtained through the above mentioned models, where fair value is a key factor in managing of these assets, and financial instruments whose contractual cash flow characteristics do not substantially represent a 'basic financing agreement'. In this section it can be enclosed the portfolios classified under 'Financial assets held for trading', 'Non-trading financial assets mandatorily at fair value through profit or loss' and 'Financial assets at fair value through profit or loss'. In this regard, most of the financial assets presented in the category of 'Financial assets designated at value reasonable with change in results' are instruments financial services that, not being part of the portfolio of negotiation, are contracted jointly with other financial instruments that are recorded in the category of 'held for trading', and that by both are recorded at fair value with changes in results, so your record in any other category would produce accounting asymmetries. Equity instruments will be classified at fair value under IFRS 9, with changes in profit or loss, unless the Group decides, for non-trading assets, to classify them at fair value with changes in other comprehensive income (irrevocably) at initial recognition. iii. Classification of financial assets for presentation purposes Financial assets are classified by nature into the following items in the consolidated balance sheet: • Cash, cash balances at Central Banks and other deposits on demand: cash balances and balances receivable on demand relating to deposits with central banks and credit institutions. • Loans and advances: includes the debit balances of all credit and loans granted by the Group, other than those represented by securities, as well as finance lease receivables and other debit balances of a financial nature in favour of the Group such as cheques drawn on credit institutions, balances receivable from clearing houses and settlement agencies for transactions o |
Santander Group
Santander Group | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about business combination [abstract] | |
Grupo Santander | Grupo Santander a) Banco Santander, S.A., and international Group structure The growth of Grupo Santander in the last decades has led Banco Santander to also act, in practice, as a holding entity of the shares of the various companies in its Group, and its results are becoming progressively less representative of the performance and earnings of the Group. Therefore, each year the bank determines the amount of the dividends to be distributed to its shareholders on the basis of the consolidated net profit, while maintaining the Group’s objectives of capitalisation and taking into account that the transactions of the Bank and of the rest of the Group are managed on a consolidated basis (notwithstanding the allocation to each company of the related net worth effect). At the international level, the various banks and other subsidiaries, joint ventures and associates of the Group are integrated in a corporate structure comprising various holding companies which are the ultimate shareholders of the banks and subsidiaries abroad. The purpose of this structure, all of which is controlled Banco Santander, is to optimise the international organisation from the strategic, economic, financial and tax standpoints, since it makes it possible to define the most appropriate units to be entrusted with acquiring, selling or holding stakes in other international entities, the most appropriate financing method for these transactions and the most appropriate means of remitting the profits obtained by the group’s various operating units to Spain. The Appendices provide relevant data on the consolidated group companies and on the companies accounted for using the equity method. b) Acquisitions and disposals Following is a summary of the main acquisitions and disposals of ownership interests in the share capital of other entities and other significant corporate transactions performed in the last three years or pending to be completed: i. Purchase by SHUSA for shares of Santander Consumer USA ### In August 2021 Santander Holdings USA, Inc. ('SHUSA') and Santander Consumer USA Holdings Inc. ('SC') entered into a definitive agreement pursuant to which SHUSA acquired all outstanding shares of common stock of SC not already owned by SHUSA via an all-cash tender offer (the 'Tender Offer') for USD 41.50 per SC common share (the 'Offer Price'), followed by a second-step consisting of a merge (together with the Offer, the 'Transaction') in which a wholly owned subsidiary of SHUSA was merged with and into SC, with SC surviving as a wholly owned subsidiary of SHUSA, and all outstanding shares of common stock of SC not tendered in the Tender Offer were converted into the right to receive the Offer Price in cash. The Offer Price represented a 14% premium to the closing price of SC common stock of USD 36.43 as of 1 July 2021, the last day prior to the announcement of SHUSA’s initial offer to acquire the remaining outstanding shares of SC’s common stock. On 31 January 2022, after completion of the customary closing conditions, the Transaction was performed and SHUSA increased its share up to the 100% of SC's common stock. The transaction has meant a disbursement of USD 2,510 million (around EUR 2,239 million) for the Group. ii. Acquisition of Amherst Pierpont, a U.S. fixed-income broker dealer On 15 July 2021, Santander Holdings USA, Inc. reached an agreement to acquire Amherst Pierpont Securities, a market-leading independent fixed-income and structured products broker dealer, through the acquisition of its parent holding company, Pierpont Capital Holdings LLC, for a total consideration of approximately USD 600 million (around EUR 530 million). Amherst Pierpont will become part of Santander Corporate & Investment Banking (Santander CIB) Global business line. The transaction is expected to close upon receipt of relevant regulatory approvals. iii Tender offer for shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México On 26 March 2021, Banco Santander, S.A. announced its intention to make a tender offer for all shares of Banco Santander Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México ('Santander México') that were not owned by Grupo Santander, representing (after the execution of the operation referred to in point vii. below) approximately 8.3% of the share capital of Santander México. The announcement was subsequently supplemented by other publications on 24 May, 8 June and 28 October 2021, in which amendments to some of the terms of the offer were announced. The offer was finally launched on 3 November 2021 and was settled on 10 December. Banco Santander accepted all of the Santander Mexico Shares and Santander Mexico American Depositary Share (ADS) (securities listed on the New York Stock Exchange, each representing 5 shares of Santander Mexico) tendered and not withdrawn representing approximately 4.5% of the share capital of Santander México. After the transaction, Santander Group holds approximately 96.2% of Santander México share capital. The shareholders who have tendered their shares in the offer have received MXN 26.5 (approximately EUR 1) per share of Santander México and USD 6.2486 in cash per each ADS (the USD equivalent of MXN 132.50 per ADS based on the USD/MXN exchange rate on the expiration date of 7 December 2021) which has meant a disbursement of approximately EUR 335 million. This transaction has entailed a decrease of reserves of EUR 41 million and a decrease of EUR 294 million of minority interests. iv. Agreement for the acquisition of a significant stake in Ebury On 28 April 2020, the investment in Ebury, a payments and currencies platform for SMEs, announced on 4 November 2019, was completed. The transaction involved a total outlay of GBP 357 million (EUR 409 million) of which GBP 70 million (approximately EUR 80 million) was for new shares. At 2019 year-end the Group had already acquired 6.4% of the company for GBP 40 million (approximately EUR 45 million). Following the disbursement made in April 2020, the Group is entitled to receive 50.38% of the dividends distributed by the company. This interest is recognized under 'Investments in Joint Ventures and Associates - Associates' in the consolidated balance sheet. v. Reorganization of the banking insurance business, asset management and pension plans in Spain On 24 June 2019, Banco Santander, S.A., reached an agreement with the Allianz Group to terminate the agreement that Banco Popular Español, S.A.U. ('Banco Popular') held in Spain with the Allianz Group for the exclusive distribution of certain life insurance products, non-life insurance products, collective investment institutions (IIC), and pension plans through the Banco Popular network (the 'Agreement'). Under this Agreement, the Group held a 40% stake in the capital of Popular Spain Holding de Inversiones, S.L.U., classified as investments in joint ventures and associated entities for an overall amount of EUR 409 million on 31 December 2019. The Agreement was executed on 15 January 2020 for the non-life business and on 31 January 2020 for the remaining businesses, once the regulatory authorisations were obtained in the first half of 2020. The execution of the Termination Agreement entailed the payment by Banco Santander of a total consideration of EUR 859 million (after deducting the dividends paid until the end of the operation) and the acquisition of the remaining 60% of the capital of Popular Spain Holding de Inversiones, S.L.U. On 10 July, 51% of the life-risk insurance business held by Banco Santander and the 51% of the new General Insurance business from Banco Popular's network not transferred to Mapfre (in accordance with the agreement indicated below) was acquired by Aegon, valuing these businesses at a total of approximately EUR 557 million. The total amount of the life-savings business, collective investment institutions and pension plans is EUR 711 million and has resulted in the recognition of EUR 271 million of goodwill. In addition, under the agreement reached between Banco Santander and Mapfre on 21 January 2019, 50.01% of the car, commercial multi-risk, SME multi-risk and corporate liability insurance business in the whole network of Banco Santander in Spain was acquired by Mapfre on 25 June 2019 amounting to EUR 82 million. vi. Agreement with Crédit Agricole S.A. on the depositary and custody business On 17 April 2019, Banco Santander, S.A., announced that it had signed a memorandum of understanding with Crédit Agricole S.A. with the purpose of combining CACEIS and its subsidiaries (the 'CACEIS Group'), which is wholly-owned by Crédit Agricole S.A., with Santander Securities Services, S.A.U. and its subsidiaries (the 'S3 Group'), which is wholly-owned by Banco Santander, S.A. The operation consisted of the contribution by the Santander Group to the CACEIS Group of 100% of the S3 Group in Spain and 50% of the S3 Group's business in Latin America in exchange for a 30.5% stake in the CACEIS Group Capital and voting rights. The remaining 69.5% remained the property of Crédit Agricole, SA. The S3 Group's Latin American business is under the joint control of the CACEIS Group and the Santander Group. On 27 June 2019, the signing of the final contracts took place after having carried out the precise prior consultations with the representative bodies of Crédit Agricole, SA employees and the CACEIS Group. The closing of the operation took place on 20 December 2019 once the relevant regulatory authorizations were obtained. The operation generated a net capital gain of EUR 693 million recorded for its gross amount under the heading of 'Non-classified assets as non-current assets for sale' of the consolidated profit and loss account, of which EUR 219 million correspond to the recognition at fair value of the investment of 49.99% retained by the Group in S3 Latin America. The 30.5% interest in the CACEIS Group was recorded under the heading of 'Investments - Associates' of the consolidated balance sheet for an amount of EUR 1,010 million. vii . Offer to acquire shares of Banco Santander Mexico, S.A., Institución de Banca Multiple, Grupo Financiero Santander México. On 12 April 2019, Banco Santander, S.A., announced its intention to make an offer to acquire all the shares of Banco Santander Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México ('Santander México') which are not owned by Grupo Santander, representing approximately 25% of the share capital of Santander México. The shareholders who have accepted the offer have received 0.337 newly issued shares of Banco Santander, S.A., per share of Santander México and 1.685 American Depositary Shares (ADSs) of Banco Santander, S.A., per ADS of Santander México. The offer was accepted by holders of shares representing 16.69% of the capital stock of Santander Mexico, so the Group's participation in Santander Mexico became 91.65% of its share capital. To meet the exchange, the Bank proceeded to issue, in execution of the agreement adopted by the extraordinary general meeting held on 23 July 2019, 381,540,640 shares, which represented approximately 2.35% of the Bank's share capital in the date of issue. This operation meant an increase of EUR 191 million in Capital, EUR 1,491 million in issue premium and a decrease of EUR 670 million in Reserves and EUR 1,012 million in minority interests. c) Offshore entities According to current Spanish regulation (Law 11/2021, of 9 July and Royal Decree 1080/1991, of 5 July), Santander has one subsidiary and three branches in the non-cooperative jurisdictions of Jersey, the Isle of Man and the Cayman Islands (offshore entities). Santander also has three other subsidiaries incorporated in non-cooperative jurisdictions that are tax resident in the UK and subject to British tax law. i. Offshore subsidiaries A subsidiary resident in the Isle of Man was liquidated in 2021 so, at the reporting date, Grupo Santander has only one subsidiary resident in Jersey: Abbey National International Limited. In 2021, this subsidiary’s contribution to Santander’s consolidated profit was insubstantial. ii. Offshore branches Grupo Santander also has three offshore branches. One is found in the Cayman Islands, one is on the Isle of Man and another is in Jersey. They report to, and consolidate balance sheets and income statements with, their foreign headquarters. They are taxed either with their headquarters (the Cayman Islands branch in Brazil) or in the territories they are located in (Jersey and Isle of Man, pertain to the UK). The entities mentioned in Sections I and II had 147 employees as of December 2021. iii. Subsidiaries in non-cooperative jurisdictions that are tax resident in the United Kingdom Grupo Santander also has three subsidiaries (one in liquidation) that were incorporated in offshore jurisdictions but are not deemed offshore entities. They only operate from, and are tax resident in, the UK and, thus, are subject to British tax law. iv. Other offshore holdings From Brazil, Grupo Santander manages Santander Brazil Global Investment Fund SPC, a segregated portfolio company located in the Cayman Islands. It also has two small financial investments in entities located in the Cayman Islands. In 2021, Guaranteed Investment Products 1 PCC Limited, a protected cell company found in Guernsey managed from the UK, was liquidated. Organization for Economic Cooperation and Development (OECD) Grupo Santander is not in any of the non-cooperative jurisdictions the OECD released in November 2021. Furthermore, Jersey, the Isle of Man and the Cayman Islands satisfy OECD standards on transparency and exchange of information for tax purposes. The European Union (EU) As of October 2021, the EU’s blacklist comprises 9 jurisdictions where Santander is not present. Additionally, the EU’s grey list comprises 15 jurisdictions which have sufficiently committed to adapt legislation to international standards, subject to monitoring by the EU. Within these jurisdictions, Santander is only present in Uruguay and Hong Kong mainly through Banco Santander S.A. in Uruguay and a branch in Hong Kong. The Group's presence in offshore territories at the end of 2021 is as follows: Presence of the Group in non-cooperative jurisdictions Spanish legislation OECD European Commission Blacklist Sub. Branch Sub. Branch Sub. Branch Jersey 1 1 Isle of Man 1 Guernsey* Bermuda* Cayman Islands 1 2021 1 3 — — — — 2020 2 3 — — — — * Additionally, there are 2 entities constituted in Guernsey (1 in liquidation) and 1 in Bermuda, but resident for tax purposes in the United Kingdom. Changes to Spain's tax law On 10 July 2021, Law 11/2021 on measures to prevent and fight against tax fraud was published in the Official Estate Gazette. The law expands the meaning of tax havens, which it renames “non-cooperative jurisdictions”. It also allows government to update the non-cooperative jurisdictions list. Nonetheless, until that list conforms to the new criteria, the former list set out in Royal Decree 1080/1991 of 5 July will remain in effect. Grupo Santander has the right mechanisms (risk management, supervision, verification and review plans, and regular reporting) to prevent reputational, tax and legal risk in entities resident in non-cooperative jurisdictions. Grupo Santander also maintains its policy of reducing the number of these entities. PwC (PricewaterhouseCoopers) member firms audited the financial statements of Grupo Santander’s offshore entities in 2021, 2020 and 2019. |
Distribution of Banco Santander
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share | 12 Months Ended |
Dec. 31, 2021 | |
Shareholder remuneration system and earnings per share | |
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share | Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share a) Distribution of Banco Santander's profit and shareholder remuneration scheme The distribution of the Bank's net profit against the results for 2021, that the board of directors will propose for approval by the shareholders at the annual general meeting is as follows: EUR million To dividends 1,701 Dividend paid prior to the meeting date* 836 Complementary dividend** 865 To voluntary reserves*** 2,231 Net profit for the year 3,932 * Total amount paid as interim dividend, at the rate of EUR 4.85 fixed cents per eligible share (recorded in 'Shareholders' equity - Interim dividends'). ** Fixed dividend of EUR 5.15 gross cents per eligible share, payable in cash as from 2 May 2022. The total amount has been estimated on the assumption that, after the implementation of the second buy-back programme announced on 24 February 2022, the number of the Bank's outstanding shares eligible for the dividend will be 16,804,353,202. *** Estimated amount corresponding to a final dividend of EUR 865 million. To be increased or reduced by the same amount by which the final dividend is lower or higher, respectively, than that amount. The transcribed proposal comprises the part of the 2021 shareholder remuneration policy that is implemented through cash dividends (the interim dividend paid in November 2021 of EUR 4.85 cents per share with dividend entitlement and the final dividend expected to be paid as of 2 May 2022, subject to approval by the general meeting of shareholders, of EUR 5.15 cents per share with dividend entitlement). In addition, the 2021 remuneration policy also provided for shareholder remuneration through the implementation of share buyback programs, which are not reflected in the above-transcribed proposal for the appropriation of earnings. The first of these programs, amounting to approximately EUR 841 million, was completed between October and November 2021. Subject to obtaining the appropriate regulatory approvals, a second repurchase program for approximately EUR 865 million is planned to be launched. Capital reduction resolutions are also submitted to the general shareholders' meeting to redeem the treasury shares acquired in each of the two repurchase programs, also subject to the relevant regulatory authorizations. Finally, and although it is not part of the remuneration charged to the 2021 financial year, it should be noted that in May 2021 Banco Santander paid a dividend of EUR 2.75 cents in cash per share corresponding to the 2020 financial year against share premium, for an amount of EUR 477 million, this being the maximum amount allowed in accordance with the limit established by the recommendation of the European Central Bank of 15 December 2020. This payment was made in execution of the premium distribution resolution approved at the General Shareholders' Meeting of Banco Santander held on 27 October 2020. b) Earnings/loss per share from continuing and discontinued operations i. Basic earnings / loss per share Basic earnings/loss per share are calculated by dividing the net profit attributable to the Group, adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity (see note 23) and the capital perpetual preference shares, if applicable, by the weighted average number of ordinary shares outstanding during that period, excluding the average number of own shares held through that period. Accordingly: 2021 2020 2019 Profit (Loss) attributable to the Parent (EUR million) 8,124 (8,771) 6,515 Remuneration of contingently convertible preference shares (CCP) (EUR million) (note 23) (566) (552) (595) 7,558 (9,323) 5,920 Of which: Profit (Loss) from discontinued operations (non controlling interest net) (EUR million) — — — Profit (Loss) from continuing operations (PPC net) 7,558 (9,323) 5,920 Weighted average number of shares outstanding 17,272,055,430 17,316,288,908 16,348,415,883 Impact factor correction* Not applicable Not applicable 710,800,691 Adjusted number of shares 17,272,055,430 17,316,288,908 17,059,216,574 Basic earnings (Loss) per share (euros) 0.438 (0.538) 0.347 Of which, from discounted operations (euros) — — — Basic earnings (Loss) per share from continuing operations (euros) 0.438 (0.538) 0.347 * Correction factor for the capital increase released on 3 December 2020 (see notes 1.d and 31.a). ii. Diluted earnings / loss per share Diluted earnings/loss per share are calculated by dividing the net profit attributable to the Group, adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity (see note 23) and the capital perpetual preference shares, if applicable, by the weighted average number of ordinary shares outstanding during the year, excluding the average number of treasury shares and adjusted for all the dilutive effects inherent to potential ordinary shares (share options, and convertible debt instruments). Accordingly, diluted earnings/loss per share were determined as follows: 2021 2020 2019 Profit (Loss) attributable to the Parent (EUR million) 8,124 (8,771) 6,515 Remuneration of contingently convertible preference shares (CCP) (EUR million) (Note 23) (566) (552) (595) Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares — — — 7,558 (9,323) 5,920 Of which: Profit (Loss) from discontinued operations (net of non-controlling interests) (EUR million) — — — Profit (Loss) from continuing operations (net of non-controlling interests and CCP) (EUR million) 7,558 (9,323) 5,920 Weighted average number of shares outstanding 17,272,055,430 17,316,288,908 16,348,415,883 Dilutive effect of options/rights on shares 48,972,459 Not applicable 35,891,644 Impact factor correction* Not applicable Not applicable 712,361,197 Adjusted number of shares 17,321,027,889 17,316,288,908 17,096,668,724 Diluted earnings (Loss) per share (euros) 0.436 (0.538) 0.346 Of which, from discounted operations (euros) — — — Diluted earnings (Loss) per share from continuing operations (euros) 0.436 (0.538) 0.346 |
Remuneration and other benefits
Remuneration and other benefits paid to the Bank’s directors and senior managers | 12 Months Ended |
Dec. 31, 2021 | |
Remuneration and other benefits paid to the Bank's directors and senior managers | |
Remuneration and other benefits paid to the Bank's directors and senior managers | Remuneration and other benefits paid to the Bank’s directors and senior managersThe following section contains qualitative and quantitative disclosures on the remuneration paid to the members of the board of directors —both executive and non-executive directors— and senior managers for 2021 and 2020: a) Remuneration of Directors i. Bylaw-stipulated emoluments The annual General Meeting held on 22 March 2013 approved an amendment to the Bylaws, whereby the remuneration of directors in their capacity as board members became an annual fixed amount determined by the annual General Meeting. This amount shall remain in effect unless the shareholders resolve to change it at a general meeting. However, the board of directors may elect to reduce the amount in any years in which it deems such action justified. The remuneration established by the Annual General Meeting was EUR 6 million in 2021 (same amount as in 2020), with two components: (a) an annual emolument and (b) attendance fees. In regard to 2020, as a gesture of responsibility in view of the situation created by the health emergency the board of directors agreed on 5 May 2020 to reduce their allotments by 20% for the balance of 2020, with effect from 1 April 2020, and propose that amounts saved thereby be used to finance the initiatives of the Bank to fight against the covid-19 pandemic. The specific amount payable for the above-mentioned items to each of the directors is determined by the Board of Directors. For such purpose, it takes into consideration the positions held by each director on the Board, their membership of the Board and the board committees and their attendance to the meetings thereof, and any other objective circumstances considered by the Board. The total bylaw-stipulated emoluments earned by the Directors in 2021 amounted to EUR 4.8 million (4.1 million in 2020). Annual emolument In 2021, the board voted not to change the fees amount set out in the 2020 policy ahead of the aforementioned exceptional decision and, per the remuneration policy approved at the 2021 AGM. Additionally, the innovation and technology committee also began to be remunerated, and its members received EUR 25,000 and its Chair, an additional EUR 70,000. The annual amounts received individually by the directors in 2021 and 2020 based on the positions held by them on the board and their membership of the board committees were as follows: 2021 2020 Amount per director in euros 1 Jan to 31 Mar 1 Apr to 31 Dec Members of the board of directors 90,000 22,500 49,500 Members of the executive committee 170,000 42,500 93,500 Members of the audit committee 40,000 10,000 22,000 Members of the appointments committee 25,000 6,250 13,750 Members of the remuneration committee 25,000 6,250 13,750 Members of the risk supervision, regulation and compliance committee 40,000 10,000 22,000 Members of the responsible banking, sustainability and culture committee 15,000 3,750 8,250 Members of the innovation and technology committee 25,000 — — Chairman of the audit committee 70,000 17,500 38,500 Chairman of the appointments committee 50,000 12,500 27,500 Chairman of the remuneration committee 50,000 12,500 27,500 Chairman of the risk supervision, regulation and compliance committee 70,000 17,500 38,500 Chairman of the responsible banking, sustainability and culture committee 50,000 12,500 27,500 Chairman of the innovation and technology committee 70,000 — — Lead director* 110,000 27,500 60,500 Non-executive vice chairmen 30,000 7,500 16,500 * Mr. Bruce Carnegie-Brown, in view of the positions held on the board and its committees, in particular as chairman of the appointments and remuneration committees and as coordinating director, and the time and dedication required to properly perform such positions, has been assigned a minimum total annual remuneration of EUR 700,000 since 2015, including the annual allowance for the items corresponding to him of those indicated above and attendance fees. However, in line with the decision taken by the board of directors to reduce his fees by 20% with effect from April 1, 2020 to 31 December, which is shared by Mr. Bruce Carnegie-Brown, the same reduction was applied to this amount. Accordingly, the amount assigned for 2020 was EUR 595,000. Attendance fees The directors receive fees for attending board and committee meetings, excluding executive committee meetings, since no attendance fees are received for this committee. Like the annual allotment, the board voted not to change the fees amount set out in the 2020 policy ahead of the aforementioned exceptional decision and, per the remuneration policy approved at the 2021 AGM, added attendance fees for innovation and technology committee members (which they did not receive before). The fees for 2021 and 2020 are as follows: 2021 2020 Attendance fees per director per meeting in euros 1 Jan to 31 Mar 1 Apr to 31 Dec Board of directors 2,600 2,600 2,080 Audit committee and risk supervision, regulation and compliance committee 1,700 1,700 1,360 Other committees (excluding executive committee) 1,500 1,500 1,200 ii. Salaries The executive directors receive salaries. In accordance with the policy approved by the annual general meeting, salaries are composed of a fixed annual remuneration and a variable one, which consists in a unique incentive, which is a deferred variable remuneration plan linked to multi-year objectives, which establishes the following payment scheme: • 40% of the variable remuneration amount, determined at year-end on the basis of the achievement of the established objectives, is paid immediately. • The remaining 60% is deferred over five years, to be paid in five portions, provided that the conditions of permanence in the Group and non-concurrence of the malus clauses are met, and subject to long term metrics, taking into account the following accrual scheme: – The accrual of the first and second portion (payment in 2023 and 2024) will be conditional on none of the malus clauses being triggered. – The accrual of the third, fourth, and fifth portion (payment in 2025, 2026 and 2027), is linked to objectives related to the period 2021—2023 and the metrics and scales associated with these objectives. The fulfilment of the objectives determines the percentage to be paid of the deferred amount in these three annuities, which, accordingly, might not be paid, where the maximum amount is the amount determined at closing of 2021, when the total variable remuneration is approved. • In accordance with current remuneration policies, the amounts already paid will be subject to a possible recovery (clawback) by the Bank during the period set out in the policy in force at each moment. The immediate payment (or short-term), as well as each deferred payment (linked to long term metrics and not linked to long-term metrics) will be settled 50% in cash and the remaining 50% in Santander shares. In the case of Sergio Rial, he has been considered as an executive director since his appointment as director became effective on 30 May 2020 by virtue of Article 529 duodecies of the Spanish Companies Act in light of his role as CEO and vice-chairman of Banco Santander Brasil, S.A. In 2021 he received as fixed pay for his role as Regional head for South America, the EUR 750,000 euros that had been approved at the 2021 AGM as part of the 2021 remuneration policy. He has not received any other remuneration for executive functions in Banco Santander, S.A. The same policy and principles above apply to Sergio Rial's remuneration as CEO in Santander Brasil. Comparative of Executive Remuneration (Chairman and CEO) The board resolved to maintain the same gross annual salary for Ana Botín and José Antonio Álvarez for 2021 as in 2020. It also maintained the fixed pension contribution of 22% of gross annual salary it had declared in 2020 for 2021. Comparing with the previous year, it should be mentioned that amid the covid-19 health crisis in 2020, Ana Botín and José Antonio Álvarez proposed to reduce their total 2020 compensation (salary and bonus) by 50%. To achieve the 50% reduction compared to 2019, the board of directors decided to apply an additional adjustment to Ana Botín’s and José Antonio Alvarez’s variable compensation, reducing the variable compensation by 74% in the case of Ana Botín and 79% in the case of José Antonio Álvarez. And in 2021, the good business performance (which enabled Banco Santander to reach a 12.73% underlying RoTE, above the end of 2019), the excellent execution of our strategy (with the highest underlying attributable profit of the last 12 years), and the efficient capital management, boosted the bonus pool and thus the variable remuneration of corporate centre employees, (including executive directors). iii. Detail by director The detail, by bank director, of the short-term (immediate) and deferred (not subject to long-term goals) remuneration for 2021 and 2020 is provided below: EUR thousand 2021 Bylaw-stipulated emoluments Annual emolument Board M Executive committee Audit committee Appointments committee Remuneration committee Risk supervision, regulation and compliance oversight committee Responsible banking, sustainability and culture committee Innovation and technology committee Attendance fees and commissions Ana Botín 90 170 — — — — — 25 45 José Antonio Álvarez 90 170 — — — — — 25 45 Bruce Carnegie-Brown 276 170 — 75 75 — — 25 80 Homaira Akbari 90 — 40 — — — 15 25 78 Javier Botín A 90 — — — — — — — 39 Álvaro Cardoso B 90 — — — — 28 15 — 50 R.Martín Chávez C 90 — — 25 25 40 — 95 99 Sol Daurella 90 — — 25 25 — 15 — 84 Henrique de Castro D 90 — 40 — 25 — — 25 87 Gina Díez E 90 — — 1 — — — — 39 Luis Isasi F 90 170 — — 25 40 — — 81 Ramiro Mato 90 170 40 — — 40 65 — 94 Sergio Rial G 90 — — — — — — — 39 Belén Romana 90 170 40 — — 93 15 25 100 Pamela Walkden H 90 — 110 — — 27 — — 76 Rodrigo Echenique I — — — — — — — — — Ignacio Benjumea J — — — — — — — — — Guillermo de la Dehesa K — — — — — — — — — Esther Giménez-Salinas L — — — — — — — — — Total 2021 1,536 1,020 270 126 175 268 125 245 1,035 Total 2020 1,303 915 208 133 138 252 135 — 1,066 A. All amounts received were reimbursed to Fundación Botín. B. Director since 1 April 2018. C. Director since 27 October 2020. D. Director since 17 July 2019. E. Director since 22 December 2020. F. Director since 19 May 2020. G. Executive director since 30 May 2020. H. Director since 29 October 2019. I. Stepped down as executive director on 30 April 2019. Non-executive director from 1 May 2019 to 22 December 2020. J. Stepped down as director on 5 May 2020. K. Stepped down as director on 3 April 2020. L. Stepped down as director on 27 October 2020. M Also includes emoluments for other roles in the board. 2021 2020 Short-term and deferred (not subject to long-term goals) salaries of executive directors Fixed Variable - immediate payment Deferred variable In cash In shares In cash In shares Total Pension contribution Other remuneration Total Total Ana Botín 3,176 1,838 1,839 1,103 1,103 9,059 1,041 1,006 11,436 6,819 José Antonio Álvarez 2,541 1,241 1,240 744 745 6,511 783 1,536 9,160 6,019 Bruce Carnegie-Brown — — — — — — — — 700 595 Homaira Akbari — — — — — — — — 248 203 Javier Botín A — — — — — — — — 129 122 Álvaro Cardoso B — — — — — — — — 183 243 R.Martín Chávez C — — — — — — — — 374 37 Sol Daurella — — — — — — — — 239 214 Henrique de Castro D — — — — — — — — 267 217 Gina Díez E — — — — — — — — 130 4 Luis Isasi F — — — — — — — 1,000 1,406 943 Ramiro Mato — — — — — — — — 499 431 Sergio Rial G 750 — — — — 750 — — 879 63 Belén Romana — — — — — — — — 533 418 Pamela Walkden H — — — — — — — — 303 214 Rodrigo Echenique I — — — — — — — — — 1,956 Ignacio Benjumea J — — — — — — — — — 276 Guillermo de la Dehesa K — — — — — — — — — 107 Esther Giménez-Salinas L — — — — — — — — — 192 Total 2021 6,467 3,079 3,079 1,847 1,848 16,320 1,824 3,542 26,486 — Total 2020 5,717 514 515 308 309 7,363 2,019 5,537 — 19,073 Footnotes in previous table. Following is the detail, by executive director, of the salaries linked to multi-year objectives at their fair value, which will only be received if the conditions of permanence in the group, non-applicability of malus clauses and achievement of the established objectives are met (or, as the case may be, of the minimum thresholds thereof, with the consequent reduction of amount agreed-upon at the end of the year) in the terms described in Note 46. EUR thousand 2021 2020 Variable subject to Long-term 1 In cash In shares Total Total Ana Botín 1,158 1,158 2,316 420 José Antonio Álvarez 782 782 1,563 228 Total 1,940 1,940 3,880 648 1. Corresponds with the fair value of the maximum amount they are entitled to in a total of 3 years: 2025, 2026 and 2027, subject to conditions of continued service, with the exceptions provided, and to the non-applicability of malus clauses and achievement of the objectives established. The fair value has been determined at the grant date based on the valuation report of an independent expert, Willis Towers Watson. Based on the design of the plan for 2021 and the levels of achievement of similar plans in comparable entities, the expert concludes that the reasonable range for estimating the initial achievement ratio is around 60% - 80%. Accordingly, it has been considered that the fair value is 70% of the maximum (see note 46). Note 5.e below includes disclosures on the shares delivered from the deferred remuneration schemes in place in previous years and for which delivery conditions were met, as well as on the maximum number of shares that may be received in future years in connection with the aforementioned 2021 and 2020 variable remuneration plans. In addition to the EUR 750,000 Sergio Rial received as Regional head for South America, he was paid the following amounts as CEO of Santander Brasil (additionally, in the following table, it is also disclosed the variable subject to long-term objectives at 70% of fair value): 2021 BRL thousand EUR thousand Base salary 12,645 1,985 Other fixed benefits 47 7 Pensions 7,350 1,153 Variable remuneration immediately payable and deferred (not linked to long-term objectives) 26,600 4,018 Total 46,642 7,163 b) Remuneration of the Board members as representatives of the Bank By resolution of the executive committee, all the remuneration received by the Bank’s directors who represent the Bank on the Boards of Directors of listed companies in which the Bank has a stake, paid by those companies and relating to appointments made on or after 18 March, 2002, accrues to the Group. In 2021 and 2020 the Bank’s directors did not receive any remuneration in respect of these representative duties. On the other hand, in their personal capacity, in 2021 Álvaro Cardoso was paid BRL 2,130 thousand (EUR 334 thousand) as non-executive chairman of Banco Santander Brasil, S.A., Homaira Akbari was paid USD 190 thousand (EUR 161 thousand) as member of the board of Santander Consumer USA (SCUSA) and EUR 52 thousand as member of the Board of PagoNxt, and Henrique de Castro and R. Martín Chávez were each paid the same EUR 52 thousand as members of the board of PagoNxt. Likewise, Pamela Walkden was paid GBP 31 thousand (EUR 36 thousand) as member of Santander UK plc y Santander UK Group Holdings. Likewise, Luis Isasi was paid EUR 1,000 thousand as non-executive chairman of the board of Santander Spain and for attending board and committee meetings (amounts paid by Banco Santander, S.A.). c) Post-employment and other long-term benefits In 2012, the contracts of Ms. Ana Botín and Mr. José Antonio Alvarez (and other members of the Bank's senior management) with defined benefit pension commitments were modified to transform these commitments into a defined contribution system, which covers the contingencies of retirement, disability and death. From that moment on, the Bank makes annual contributions to their pension system for their benefit. This system gives them the right to receive benefits upon retirement, regardless of whether or not they are active at the Bank at such time, based on contributions to the system, and replaced their previous right to receive a pension supplement in the event of retirement. Upon revision in 2021, José Antonio Álvarez’s contract precluded the right to early retirement if terminated. Furthermore, Ana Botín is not entitled to early retirement if she freely resigns; however, she will still be entitled to it if Banco Santander terminates her contract before 31 August 2022, at which time early retirement will no longer be available. As long as she retains that right, she is entitled to an annual allotment equal to her total fixed remuneration, plus 30% of the average of up to her last three variable pays. The initial balance for each of them in the new defined benefits system corresponded to the market value of the assets from which the provisions corresponding to the respective accrued obligations had materialised on the date on which the old pension commitments were transferred into the new benefits system. Since 2013, the Bank has made annual contributions to the benefits system for executive directors and senior executives, in proportion to their respective pensionable bases, until they leave Grupo Santander or until their retirement within the Group, death, or disability. The benefit plan system is outsourced to Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., and the economic rights of the foregoing directors under this plan belong to them regardless of whether or not they are active at the Bank at the time of their retirement, death or disability. In accordance with the provisions of the remuneration regulations, contributions made calculated on variable remuneration are subject to the discretionary pension benefits regime. Under this regime, contributions are subject to malus clauses and clawback according to the policy in force at any given time and during the same period in which the variable remuneration is deferred. Furthermore, they must be invested in bank shares for a period of five years from the date when the executive director leaves the Group, regardless of whether or not they leave to retire. Once that period has elapsed, the amount invested in shares will be reinvested, along with the remainder of the cumulative balance corresponding to the executive director, or it will be paid to the executive director or to their beneficiaries in the event of a contingency covered by the benefits system. As per the director´s remuneration policy approved at the 23 March 2018 general shareholder´s meeting, the system was changed with a focus on: • Aligning the annual contributions with practices of comparable institutions. • Reducing future liabilities by eliminating the supplementary benefits scheme in the event of death (death of spouse or parent) and permanent disability of serving directors. • Not increasing total costs for the Bank. The changes to the system were the following: • Fixed and variable pension contributions were reduced to 22% of the respective pensionable bases. The gross annual salaries and the benchmark variable remuneration were increased in the corresponding amount with no increase in total costs for the Bank. The pensionable base for the purposes of the annual contributions for the executive directors is the sum of fixed remuneration plus 30% of the average of their last three variable remuneration amounts. • The death and disability supplementary benefits were eliminated since 1 April 2018. A fixed remuneration supplement (included in other remuneration in section a.iii in this note) was implemented the same date. • The total amount insured for life and accident insurance was increased. The provisions recognised in 2021 and 2020 for retirement pensions and supplementary benefits (surviving spouse and child benefits, and permanent disability) were as follows: EUR thousand 2021 2020 Ana Botín 1,041 1,155 José Antonio Álvarez 783 864 Total 1,825 2,019 Following is a detail of the balances relating to each of the executive directors under the welfare system as of 31 December 2021 and 2020: EUR thousand 2021 2020 Ana Botín 48,075 49,444 José Antonio Álvarez 18,821 18,082 Total 66,896 67,526 d) Insurance The Group pays for life insurance policies for the Bank’s directors, who will be entitled to receive benefits if they are declared disabled; in the event of death, the benefits will be payable to their heirs. The premiums paid by the Group are included in the 'Other remuneration' column of the table shown in Note 5.a.iii above. Also, the following table provides information on the sums insured for the Bank’s executive directors: Insured capital EUR thousand 2021 2020 Ana Botín 21,489 21,984 José Antonio Álvarez 18,028 18,703 Total 39,517 40,687 The insured capital has been modified in 2018 for Ms Ana Botín and Mr José Antonio Alvarez as part of the pension systems transformation set out in note 5.c) above, which has encompassed the elimination of the supplementary benefits systems (death of spouse and death of parent) and the increase of the life insurance annuities. During 2021 and 2020, the Group has disbursed a total amount of EUR 25.5 million and EUR 19.5 million , respectively, for the payment of civil-liability insurance premiums. These premiums correspond to several civil-liability insurance policies that hedge, among others, directors, senior executives and other managers and employees of the Group and the Bank itself, as well as its subsidiaries, in light of certain types of potential claims. For this reason, it is not possible to disaggregate or individualize the amount that correspond to the directors and executives. As of 31 December 2021 and 2020, no life insurance commitments exist for the Group in respect of any other directors. e) Deferred variable remuneration systems The following information relates to the maximum number of shares to which the executive directors are entitled at the beginning and end of 2021 and 2020 due to their participation in the deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to 2021 and prior years, as well as on the deliveries, in shares or in cash, made to them in 2021 and 2020 once the conditions for the receipt thereof had been met (see Note 46): i) Deferred conditional variable remuneration plan From 2011 to 2015, the bonuses of executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration that puts them on the same remuneration level as senior executives and employees who assume risk (all of whom are referred to as identified staff) have been approved by the Board of Directors and instrumented, respectively, through various cycles of the deferred conditional variable remuneration plan. Application of these cycles, insofar as they entail the delivery of shares to the plan beneficiaries, was authorized by the related Annual General Meetings. The purpose of these plans was to defer a portion of the bonus of the plan beneficiaries (60% in the case of executive directors) over a period of five years (three years for the plans approved up to 2014) for it to be paid, where appropriate, in cash and in Santander shares. The remaining 40% portion of the bonus is paid in cash and Santander shares (in equal parts), upon commencement of this plan, in accordance with the rules set forth below. In addition to the requirement that the beneficiary remains in Santander Group’s employ, the accrual of the deferred remuneration was conditional upon none of the following circumstances existing in the opinion of the Board of Directors -following a proposal of the remuneration committee-, in relation to the corresponding year, in the period prior to each of the deliveries: (i) poor financial performance of the Group; (ii) breach by the beneficiary of internal regulations, including, in particular, those relating to risks; (iii) material restatement of the Group’s consolidated financial statements, except when it is required pursuant to a change in accounting standards; or (iv) significant changes in the Group’s economic capital or its risk profile. All the foregoing shall be subject in each case to the regulations of the relevant plan cycle. Deferred amounts (whether or not contingent on multi-year targets) is earned if the beneficiary continues to work with the group14, and none of the circumstances triggering the malus clause arise before each payment, according to the section on malus and clawback clauses in the remuneration policy. Similarly, Banco Santander can clawback any paid variable amounts in the scenarios and for the period dictated by the terms and conditions in the said policy. On each delivery, the beneficiaries are paid an amount in cash equal to the dividends paid for the amount deferred in shares and the interest on the amount deferred in cash. If the Santander Dividendo Elección scrip dividend scheme is applied, payment will be based on the price offered by the Bank for the bonus share rights corresponding to those shares. The maximum number of shares to be delivered is calculated taking into account the daily volume-weighted average prices for the 15 trading sessions prior to the date on which the board of directors approves the bonus for the Bank’s Executive Directors for each year. This plan and the Performance Shares (ILP) plan described below have been integrated for the executive directors and other senior managers in the deferred variable compensation plan linked to multiannual objectives, in the terms approved by the General Meeting of Shareholders held on March 18, 2016. In the case of Sergio Rial, who does not receive any remuneration for executive duties in Banco Santander, S.A., the same policy principles, deferrals, multi year targets linked to the payment of deferred amounts and malus and clawback principles described herein apply to his variable remuneration in the subsidiary where he is the CEO. ii) Deferred variable compensation plan linked to multiannual objectives In the annual shareholders meeting of 18 March 2016, with the aim of simplifying the remuneration structure, improving the ex-ante risk adjustment and increasing the incidence of long-term objectives, the bonus plan (deferred and conditioned variable compensation plan) and ILP were replaced by one single plan, the deferred multiyear objectives variable remuneration plan. The variable remuneration of executive directors and certain executives (including senior management) corresponding to 2021 has been approved by the Board of Directors and implemented through the sixth cycle of the deferred variable remuneration plan linked to multi-year objectives. The application of the plan was authorised by the annual general meeting of shareholders, as it entails the delivery of shares to the beneficiaries. As indicated in section a.ii of this note, 60% of the variable remuneration amount is deferred over five years (three years for certain beneficiaries, not including executive directors), to be paid, where appropriate, in five portions, provided that the conditions of permanence in the group and non-concurrence of malus clauses are met, and subject to long term metrics, according to the following accrual scheme: • The accrual of the first and second parts (instalments in 2023 and 2024) is conditional on none of the malus clauses being triggered. • The accrual of the third, fourth and fifth parts (instalments in 2025, 2026 and 2027) is linked to the fulfilment of certain objectives related to the 2021‑2023 period and the metrics and scales associated with those objectives, as well as to non-concurrence of malus clauses. These objectives are: – The growth of consolidated earnings per share in 2023 compared to 2020; – The relative performance of the Bank’s total shareholder return (RTA) in the 2021-2023 period in relation to the weighted RTAs of a reference group of 9 credit institutions; – Compliance with the fully loaded ordinary level 1 capital objective for the year 2023. The degree of compliance with the above objectives determines the percentage to be applied to the deferred amount in these three annuities, the maximum being the amount determined at the end of the year 2021 when the total variable remuneration is approved. Both the immediate (short-term) and each of the deferred (long-term and conditioned) portions are paid 50% in cash and the remaining 50% in Santander shares. The accrual of deferred amounts (whether or not subject to performance measures) is conditioned, in addition to the permanence of the beneficiary in the Group, to non-occurrence, during the period prior to each of the deliveries, of any the circumstances giving rise to the application of malus as set out in the Group’s remuneration policy in its chapter related to malus and clawback. Likewise, the amounts already paid of the incentive will be subject to clawback by the Bank in the cases and during the term foreseen in said policy, and in accordance with the terms and conditions foreseen in it. Malus and clawback clauses are triggered by poor financial performance of Banco Santander, a division or area, or exposures from staff as a result of an executive(s)’s management of, at least, one of these factors: (i) Significant failures in risk management committed by the entity, or by a business unit or risk control. (ii) The increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures. (iii) Regulatory sanctions or judicial sentences from events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity. (iv) Irregular conduct, whether individual or collective. In this regard, the negative effects derived from the marketing of inappropriate products and the responsibilities of the people or bodies that made those decisions will be specially considered. The maximum number of shares to be delivered is calculated by taking into account the average weighted daily volume of the average weighted listing prices corresponding to the fifteen trading sessions prior to the previous Friday (excluded) to the date on which the bonus is agreed by the board of executive directors of the Bank. In the case of Mr. Sergio Rial, as explained above, he just received a fixed pay for executive duties in Banco Santander, S.A. (head for South America), and he is included as CEO of Santander Brasil in the deferred variable compensation plan linked to multiannual objectives and thus subject to the same conditions and principles of deferral, multiannual objectives, deferrals and malus and clawback herein in respect of the remuneration he receives in his role as CEO of this subsidiary. iii) Shares assigned by deferred variable remuneration plans The following table shows the number of Santander shares assigned to each executive director and pending delivery as of 1 January 2020, 31 December 2020 and 31 December 2021, as well as the gross shares that were delivered to them in 2020 and 2021, either in the form of an immediate payment or a deferred payment. In this case after having been appraised by the board, at the proposal of the remuneration committee, that the corresponding one-fifth of each plan had accrued. They come from each of the plans through which the variable remunerations of deferred conditional variable remuneration plans in 2015 and of the deferred conditional and linked to multi-year objectives in 2016, 2017, 2018, 2019, 2020 and 2021 were formalized. Share-based variable remuneration Maximum number of shares to be delivered at January 1,2020 Shares delivered in 2020 (immediate payment 2019 variable remuneration) Shares delivered in 2020 (deferred payment 2018 variable remuneration) Shares delivered in 2020 (deferred payment 2017 variable remuneration) Shares delivered in 2020 (deferred payment 2016 variable remuneration) Variable remuneration 2020 (Maximum number of shares to be delivered) 2015 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 128,809 — — — — — Mr José Antonio Álvarez Álvarez 85,620 — — — — — 214,429 2016 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 216,308 — — — (72,102) — Mr José Antonio Álvarez Álvarez 145,998 — — — (48,667) — 362,306 (120,769) 2017 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 275,700 — — (68,925) — — Mr José Antonio Álvarez Álvarez 184,377 — — (46,094) — — 460,077 (115,019) 2018 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 516,519 — (103,304) — — — Mr José Antonio Álvarez Álvarez 345,161 |
Loans and advances to central b
Loans and advances to central banks and credit institutions | 12 Months Ended |
Dec. 31, 2021 | |
Loans and advances to central banks and credit institutions | |
Loans and advances to central banks and credit institutions | Loans and advances to central banks and credit institutions The detail, by classification, type and currency, of Loans and advances to central banks and credit institutions in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 CENTRAL BANKS Classification Financial assets held for trading 3,608 — — Non-trading financial assets mandatorily at — — — Financial assets designated at fair value through profit or loss — 9,481 6,473 Financial assets designated at fair value — — — Financial assets at amortised cost 15,657 12,499 18,474 19,265 21,980 24,947 Type Time deposits 13,275 11,757 17,533 Reverse repurchase agreements 5,990 10,223 7,414 Impaired assets — — — Valuation adjustments for impairment — — — 19,265 21,980 24,947 CREDIT INSTITUTIONS Classification Financial assets held for trading 10,397 3 — Non-trading financial assets mandatorily at — — — Financial assets designated at fair value through profit or loss 3,152 12,136 21,649 Financial assets designated at fair value — — — Financial assets at amortised cost 39,169 37,838 40,943 52,718 49,977 62,592 Type Time deposits 10,684 7,338 9,699 Reverse repurchase agreements 18,853 20,862 31,180 Non- loans advances 23,188 21,784 21,726 Impaired assets 1 1 1 Valuation adjustments for impairment (8) (8) (14) 52,718 49,977 62,592 CURRENCY Euro 24,286 22,260 32,248 Pound sterling 3,228 4,127 3,659 US dollar 12,639 13,209 14,442 Brazilian real 24,011 26,437 30,919 Other currencies 7,819 5,924 6,271 TOTAL 71,983 71,957 87,539 The loans and advances to credit institutions classified under 'Financial assets at amortised' cost are mainly time accounts and deposits. Note 50 contains a detail of the residual maturity periods of 'Financial assets at amortised cost'. At 31 December 2021 the exposure by impairment stage of the assets accounted for amounts to EUR 54,833, EUR 0 and EUR 1 million (EUR 50,344, EUR 0 and EUR 1 million in 2020 and EUR 59,430, EUR 0 and EUR 1 million in 2019), and the loan loss provision by impairment stage amounts to EUR 8, EUR 0 and EUR 0 million (EUR 8, EUR 0 and EUR 0 million in 2020 and EUR 14, EUR 0 and EUR 0 million in 2019) in stage 1, stage 2 and stage 3, respectively. |
Debt instruments
Debt instruments | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of Debt Instruments [Abstract] | |
Debt instruments | Debt instruments a) Detail The detail, by classification, type and currency, of Debt instruments in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Classification Financial assets held for trading 26,750 37,894 32,041 Non-trading financial assets mandatorily at fair value through profit or loss 957 700 1,175 Financial assets designated at fair value through profit or loss 2,516 2,979 3,186 Financial assets designated at fair value through other comprehensive income 97,922 108,903 118,405 Financial assets at amortised cost 35,708 26,078 29,789 163,853 176,554 184,596 Type Spanish government debt securities 20,638 30,397 42,054 Foreign government debt securities 102,976 110,570 107,434 Issued by financial institutions 12,324 10,133 9,670 Other fixed-income securities 27,850 25,337 25,265 Impaired financial assets 280 401 647 Impairment losses (215) (284) (474) 163,853 176,554 184,596 Currency Euro 45,197 58,850 70,357 Pound sterling 6,304 7,372 15,713 US dollar 34,229 29,009 29,846 Brazilian real 35,907 35,139 38,316 Other currencies 42,431 46,468 30,838 Debt securities excluding impairment adjustments 164,068 176,838 185,070 Impairment losses (215) (284) (474) 163,853 176,554 184,596 In the last quarter of 2019, debt securities were transferred from the 'Financial asset at amortised cost' to the 'Financial asset at fair value through other comprehensive income'. The fair value of these assets at the date of the transfer being EUR 6,359 million. As established in IFRS 9, the aforementioned transfer was made prospectively, recognising the difference between the previous amortised cost of the transferred financial assets and their fair value in 'Other comprehensive income'. In application of this standard, the effective interest rate and the measurement of expected credit losses were not adjusted as a result of the reclassification. The context of adapting the Group´s commercial strategy to the changes in business models, in order to favour a greater alignment of the sensitivity of the Bank's balance sheet masses to interest rates, has led to a change in the assets related to these liabilities from a business model whose objective is to collect the principal and interest flows to a business model whose objective is achieved through the collection of the principal and interest flows and the sale of these assets. At 31 December 2021, 2020 and 2019 the exposure by impairment stage of the book assets under IFRS 9 amounted to EUR 133,437 million, EUR 134,792 million and EUR 147,575 million in stage 1; EUR 128 million, EUR 72 million and EUR 446 million in stage 2, and EUR 280 million, EUR 401 million and EUR 647 million in stage 3, respectively. b) Breakdown The breakdown, by origin of the issuer, of debt instruments at 31 December 2021, 2020 and 2019, net of impairment losses, is as follows: EUR million 2021 2020 2019 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Spain 3,773 20,638 24,411 14.90 % 1,588 30,397 31,985 18.12 % 3,634 42,054 45,688 24.75 % United Kingdom 3,334 2,097 5,431 3.31 % 3,099 2,795 5,894 3.34 % 3,806 11,479 15,285 8.28 % Portugal 3,008 3,845 6,853 4.18 % 3,095 6,462 9,557 5.41 % 2,979 7,563 10,542 5.71 % Italy 1,215 1,531 2,746 1.68 % 1,047 4,688 5,735 3.25 % 1,384 3,620 5,004 2.71 % Ireland 4,759 52 4,811 2.94 % 2,924 2 2,926 1.66 % 2,387 2 2,389 1.29 % Poland 2,848 12,727 15,575 9.51 % 3,126 11,400 14,526 8.23 % 460 9,361 9,821 5.32 % Other European countries 8,922 3,422 12,344 7.53 % 8,211 2,891 11,102 6.29 % 7,186 1,784 8,970 4.86 % United States 5,634 21,465 27,099 16.54 % 6,386 14,645 21,031 11.91 % 5,915 15,609 21,524 11.66 % Brazil 5,446 29,251 34,697 21.18 % 5,179 33,316 38,495 21.80 % 5,808 35,036 40,844 22.13 % Mexico 517 14,572 15,089 9.21 % 435 19,053 19,488 11.04 % 708 13,234 13,942 7.55 % Chile 51 9,467 9,518 5.81 % 41 8,082 8,123 4.60 % 50 4,819 4,869 2.64 % Other American countries 655 2,128 2,783 1.70 % 274 3,098 3,372 1.91 % 605 1,095 1,700 0.92 % Rest of the world 77 2,419 2,496 1.52 % 182 4,138 4,320 2.44 % 186 3,832 4,018 2.18 % 40,239 123,614 163,853 100 % 35,587 140,967 176,554 100 % 35,108 149,488 184,596 100 % The detail, by issuer rating, of Debt instruments at 31 December 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % AAA 15,956 1,773 17,729 10.82 % 14,088 2,099 16,187 9.17 % 14,737 1,085 15,822 8.57 % AA 2,005 26,355 28,360 17.31 % 1,714 18,784 20,498 11.61 % 5,133 28,325 33,458 18.13 % A 8,594 44,359 52,953 32.32 % 6,228 53,655 59,883 33.92 % 3,238 59,744 62,982 34.12 % BBB 5,234 20,304 25,538 15.59 % 6,515 31,204 37,719 21.36 % 4,889 24,766 29,655 16.06 % Below BBB 3,584 30,823 34,407 21.00 % 3,431 35,164 38,595 21.86 % 1,244 35,466 36,710 19.89 % Unrated 4,866 — 4,866 2.97 % 3,611 61 3,672 2.08 % 5,867 102 5,969 3.23 % 40,239 123,614 163,853 100 % 35,587 140,967 176,554 100 % 35,108 149,488 184,596 100 % During 2021, 2020 and 2019, the distribution of the exposure by rating level of the previous table has not been affected by ratings reviews of the sovereign issuers. The detail, by type of financial instrument, of private fixed-income securities at 31 December 2021, 2020 and 2019, net of impairment losses, is as follows: EUR million 2021 2020 2019 Securitised mortgage bonds 5,806 5,926 5,494 Other asset-backed bonds 6,304 5,479 6,388 Floating rate debt 8,081 7,829 10,348 Fixed rate debt 20,048 16,353 12,878 Total 40,239 35,587 35,108 c) Impairment losses The changes in the impairment losses on debt instruments are summarised below: EUR million 2021 2020 2019 Balance at beginning of year 284 474 635 Net impairment losses for the year* 28 79 (170) Of which: Impairment losses charged to income 49 91 77 Impairment losses reversed with a credit to income (21) (12) (247) Exchange differences and other items (97) (269) 9 Balance at end of year 215 284 474 Of which: By geographical location of risk: European Union 25 21 14 Latin America 190 263 460 * Of the EUR 28 million corresponding to net provisions for the year ended 31 December 2021 (EUR 79 million and EUR -170 million at 31 December 2020 and 2019, respectively), EUR 31 million relates to financial assets at amortized cost (EUR 77 million and EUR -176 million at 31 December 2020 and 2019, respectively) and EUR -3 million relates to financial assets designated at fair value through other comprehensive income (EUR 2 million and EUR 6 million at 31 December 2020 and 2019, respectively). At 31 December 2021, 2020 and 2019 the loan loss provision by impairment stage of the assets accounted for under IFRS9 amounted to EUR 26 million, EUR 25 million and EUR 22 million in stage 1, EUR 8 million, EUR 2 million and EUR 6 million in stage 2, and EUR 181 million, EUR 257 million and EUR 446 million in stage 3, respectively. |
Equity instruments
Equity instruments | 12 Months Ended |
Dec. 31, 2021 | |
Equity Instruments Abstract | |
Equity instruments | Equity instruments a) Breakdown The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Classification Financial assets held for trading 15,077 9,615 12,437 Non-trading financial assets mandatorily at fair value through profit or loss 4,042 3,234 3,350 Financial assets designated at fair value through other comprehensive income 2,453 2,783 2,863 21,572 15,632 18,650 Type Shares of Spanish companies 3,896 3,364 3,711 Shares of foreign companies 15,184 10,437 12,682 Shares of investment funds 2,492 1,831 2,257 21,572 15,632 18,650 Note 29 contains a detail of the 'Other comprehensive income', recognised in equity, on 'Financial assets designated at fair value through other comprehensive income'. b) Changes The changes in 'Financial assets at fair value through other comprehensive income' were as follows: EUR million 2021 2020 2019 Balance at beginning of the year 2,783 2,863 2,671 Net additions (disposals) (276) 833 177 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)* (171) (917) (29) Changes in the RV hedged with micro-hedging transactions 117 4 44 Balance at end of year 2,453 2,783 2,863 * They do not include fair value movements for currency risk hedged with hedging instruments. c) Notifications of acquisitions of investments The notifications of the acquisitions and disposals of holdings in investees made by the Bank in 2021, in compliance with Article 155 of the Spanish Limited Liability Companies Law and Article 125 of Spanish Securities Market Law 24/1998, are listed in appendix IV. |
Trading derivatives (assets and
Trading derivatives (assets and liabilities) and short positions | 12 Months Ended |
Dec. 31, 2021 | |
Trading Derivatives And Short Positions [Abstract] | |
Trading derivatives (assets and liabilities) and short positions | Trading Derivatives (assets and liabilities) and short positions a) Trading Derivatives The detail, by type of inherent risk, of the fair value of the trading derivatives arranged by the Group is as follows (see note 11): EUR million 2021 2020 2019 Debit balance Credit balance Debit balance Credit balance Debit balance Credit balance Interest rate risk 31,884 30,192 43,832 41,085 42,614 40,956 Currency risk 19,823 21,894 21,162 22,028 18,085 19,870 Price risk 1,498 891 1,931 944 2,329 1,772 Other risks 1,087 589 212 412 369 418 54,292 53,566 67,137 64,469 63,397 63,016 b) Short positions Following is a breakdown of the short positions (liabilities): EUR million 2021 2020 2019 Borrowed securities Debt instruments 825 625 390 Of which: Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 825 625 390 Equity instruments 389 289 393 Of which: Banco Santander, S.A. 318 289 308 Short sales Debt instruments 11,022 15,784 13,340 Of which: Banco Santander, S.A. 8,926 8,645 7,980 Banco Santander (Brasil) S.A. 1,952 7,085 5,194 12,236 16,698 14,123 |
Loans and advances to customers
Loans and advances to customers | 12 Months Ended |
Dec. 31, 2021 | |
Loans And Advances To Customers Abstract | |
Loans and advances to customers | Loans and advances to customers a) Detail The detail, by classification, of Loans and advances to customers in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Financial assets held for trading 6,829 296 355 Non-trading financial assets mandatorily at fair value through 537 552 386 Financial assets designated at fair value through profit or loss 10,289 24,121 30,761 Financial assets at fair value through other comprehensive income 7,663 9,267 4,440 Financial assets at amortized cost 947,364 881,963 906,276 Of which: Impairment losses (22,964) (23,595) (22,242) 972,682 916,199 942,218 Loans and advances to customers disregarding impairment losses 995,646 939,794 964,460 Note 50 contains a detail of the residual maturity periods of 'Financial assets. Note 53 shows the Group’s total exposure, by geographical origin of the issuer. There are no loans and advances to customers for material amounts without fixed maturity dates. b) Breakdown Following is a breakdown of the loans and advances granted to the Group's customers, which reflect the Group's exposure to credit risk in its main activity, without considering the balance of value adjustments for impairment, taking into account the type and situation of the transactions, the geographical area of their residence and the type of interest rate on the transactions: EUR million 2021 2020 2019 Loan type and status Commercial credit 49,603 37,459 37,753 Secured loans 542,404 503,014 513,929 Reverse repurchase agreements 33,264 35,702 45,703 Other term loans 269,526 269,143 267,154 Finance leases 38,503 36,251 35,788 Receivable on demand 10,304 7,903 7,714 Credit cards receivables 20,397 19,507 23,876 Impaired assets 31,645 30,815 32,543 995,646 939,794 964,460 Geographical area Spain 216,741 215,330 204,810 European Union (excluding Spain)* 190,032 192,988 460,338 United States and Puerto Rico 102,491 93,405 100,152 Other OECD countries* 374,729 338,362 86,327 South America (non - OECD) 94,010 79,629 92,145 Rest of the world 17,643 20,080 20,688 995,646 939,794 964,460 Interest rate formula Fixed rate 593,645 550,883 546,619 Floating rate 402,001 388,911 417,841 995,646 939,794 964,460 * The amounts referring to the years 2021 and 2020 for the United Kingdom have been considered in the line Other OECD countries, instead of in the line European Union (excluding Spain) due to the leaving of the United Kingdom from the European Union. At 31 December 2021, 2020 and 2019 the Group had granted loans amounting to EUR 14,131, 12,104 and 9,993 million to Spanish public sector agencies which had a rating at 31 December 2021 of A (ratings of A at 31 December 2020 and 31 December 2019), and EUR 10,263, 10,779, and 12,218 million to the public sector in other countries (at 31 December 2021, the breakdown of this amount by issuer rating was as follows: 1.2% AAA, 13.4% AA, 5.2% A, 69.9% BBB, 9.7% below BBB and 0.5% without rating). Without considering the public administrations, the amount of the loans and advances at 31 December 2021, 2020 and 2019 amounts to EUR 971,252 million, EUR 916,911 million and EUR 942,249 million, of which, EUR 939,645 million, EUR 886,118 million and EUR 909,741 million are classified as performing, respectively. Following is a detail, by activity, of the loans to customers at 31 December 2021, net of impairment losses: EUR million Secured loans Net exposure Loan-to-value ratio*** Total Without Of which Of which Less than or equal to 40% More More More More than 100% Public sector 22,152 21,359 180 613 68 81 26 608 10 Other financial institutions (financial business activity) 70,348 27,770 2,612 39,966 2,532 1,868 1,585 35,871 722 Non-financial corporations and individual entrepreneurs (non-financial business activity) (broken down by purpose) 323,475 182,711 60,112 80,652 24,034 21,064 18,461 57,321 19,884 Of which: Construction and property development 18,936 2,349 9,778 6,809 5,357 4,821 1,695 3,555 1,159 Civil engineering construction 3,061 1,818 219 1,024 108 149 167 688 131 Large companies 174,191 116,018 19,655 38,518 7,789 5,111 5,365 31,122 8,786 SMEs and individual entrepreneurs 127,287 62,526 30,460 34,301 10,780 10,983 11,234 21,956 9,808 Households – other (broken down by purpose) 540,339 96,351 360,447 83,541 98,463 117,198 138,456 55,419 34,452 Of which: Residential 353,623 2,257 350,651 715 91,428 110,574 121,400 24,007 3,957 Consumer loans 167,760 91,829 1,403 74,528 2,927 3,938 13,083 26,721 29,262 Other purposes 18,956 2,265 8,393 8,298 4,108 2,686 3,973 4,691 1,233 Total* 956,314 328,191 423,351 204,772 125,097 140,211 158,528 149,219 55,068 Memorandum item Refinanced and restructured transactions** 27,781 11,975 11,222 4,584 3,856 2,237 4,678 2,442 2,593 * In addition, the Group has granted advances to customers amounting to E UR 16,368 millio n, bri nging the total of loans and advances to EUR 972,682 million. ** Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk. *** The ratio is the carrying amount of the transactions at 31 December 2021 provided by the latest available appraisal value of the collateral. Note 53 contains information relating to the forborne loan portfolio. Following is the movement of the gross exposure broken down by impairment stage of loans and advances to customers recognised under "Financial assets at amortised cost" and “Financial assets at fair value through other comprehensive income” during 2021, 2020 and 2019: 2021 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 817,906 66,104 30,318 914,328 Movements Transfers To stage 2 from stage 1 (33,051) 33,051 — To stage 3 from stage 1 (6,617) 6,617 — To stage 3 from stage 2 (5,836) 5,836 — To stage 1 from stage 2 17,796 (17,796) — To stage 2 from stage 3 1,865 (1,865) — To stage 1 from stage 3 271 (271) — Net changes on financial assets 62,629 (11,629) (719) 50,281 Write-offs — — (9,089) (9,089) Exchange differences and others 19,766 1,825 460 22,051 Balance at the end of the year 878,700 67,584 31,287 977,571 2020 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 849,939 50,476 31,837 932,252 Movements Transfers To stage 2 from stage 1 (43,170) 43,170 — To stage 3 from stage 1 (5,120) 5,120 — To stage 3 from stage 2 (8,734) 8,734 — To stage 1 from stage 2 13,459 (13,459) — To stage 2 from stage 3 1,831 (1,831) — To stage 1 from stage 3 578 (578) — Net changes on financial assets 53,555 (2,951) (659) 49,945 Write-offs — — (8,930) (8,930) Exchange differences and others (51,335) (4,229) (3,375) (58,939) Balance at the end of the year 817,906 66,104 30,318 914,328 2019 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 795,829 52,183 33,461 881,473 Movements Transfers To stage 2 from stage 1 (28,369) 28,369 — To stage 3 from stage 1 (4,101) 4,101 — To stage 3 from stage 2 (13,240) 13,240 — To stage 1 from stage 2 12,436 (12,436) — To stage 2 from stage 3 2,439 (2,439) — To stage 1 from stage 3 488 (488) — Net changes on financial assets 61,581 (8,092) (3,608) 49,881 Write-offs — — (12,593) (12,593) Exchange differences and others 12,075 1,253 163 13,491 Balance at the end of the year 849,939 50,476 31,837 932,252 In addition, at 31 December 2021, the Group had EUR 420 million (EUR 497 million at 31 December 2020 and EUR 706 million at 31 December 2019) of exposure in assets purchased with impairment of which EUR 358 million still show signs of impairment, which correspond mainly to the business combinations carried out by the Group. c) Impairment losses on loans and advances to customers at amortised cost and at fair value through other comprehensive income The changes in the impairment losses on the assets making up the balances of financial assets at amortised cost and at fair value through other comprehensive income - Loans and advances - Customers: EUR million 2021 2020 2019 Amount at beginning of the year 23,595 22,242 23,307 Impairment losses charged to income for the year 8,762 13,385 11,108 Of which: Impairment losses charged to profit or loss 18,240 20,909 19,192 Impairment losses reversed with a credit to profit or loss (9,478) (7,524) (8,084) Change of perimeter — (82) — Write-off of impaired balances against recorded impairment allowance (9,089) (8,930) (12,593) Exchange differences and other changes (304) (3,020) 420 Amount at end of the year 22,964 23,595 22,242 Which correspond to: Impaired assets 13,550 13,658 13,933 Other assets 9,414 9,937 8,309 Of which: Individually calculated 2,496 2,679 3,555 Collective calculated 20,468 20,916 18,687 In addition, provisions for debt securities amounting to EUR 28 million were recorded at 31 December 2021 (provisions amounting to EUR 79 million and releases amounting EUR 170 million as of 31 December 2020 and 2019, respectively), written-off assets recoveries have been recorded in the year amounting to EUR 1,383 million at 31 December 2021 (EUR 1,221 million and EUR 1,586 million at 31 December 2020 and 2019, respectively) and EUR 0 million were recorded in the account for losses on renegotiation or contractual modification at 31 December 2021 (EUR 139 million and EUR 0 million at 31 December 2020 and 2019, respectively). With this, the impairment recorded in Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes: 'Financial assets at fair value through other comprehensive income' and 'Financial assets at amortised cost'; amounts EUR 7,407 million at 31 December 2021 (EUR 12,382 million and EUR 9,352 million at 31 December 2020 and 2019, respectively). Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2021, 2020 and 2019: 2021 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,265 5,672 13,658 23,595 Transfers To stage 2 from stage 1 (578) 2,968 2,390 To stage 3 from stage 1 (237) 2,209 1,972 To stage 3 from stage 2 (1,086) 2,474 1,388 To stage 1 from stage 2 254 (1,025) (771) To stage 2 from stage 3 216 (760) (544) To stage 1 from stage 3 8 (67) (59) Net changes of the exposure and modifications in the credit risk 617 (1,557) 5,326 4,386 Write-offs — — (9,089) (9,089) FX and other movements (141) 38 (201) (304) Loss allowance at the end of the year 4,188 5,226 13,550 22,964 2020 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 3,835 4,474 13,933 22,242 Transfers To stage 2 from stage 1 (1,040) 2,880 1,840 To stage 3 from stage 1 (255) 2,386 2,131 To stage 3 from stage 2 (971) 2,066 1,095 To stage 1 from stage 2 294 (976) (682) To stage 2 from stage 3 303 (727) (424) To stage 1 from stage 3 53 (138) (85) Net changes of the exposure and modifications in the credit risk 1,966 535 7,009 9,510 Write-offs — — (8,930) (8,930) FX and other movements (588) (573) (1,941) (3,102) Loss allowance at the end of the year 4,265 5,672 13,658 23,595 2019 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 3,658 4,743 14,906 23,307 Transfers To stage 2 from stage 1 (964) 3,235 2,271 To stage 3 from stage 1 (214) 1,296 1,082 To stage 3 from stage 2 (3,065) 5,612 2,547 To stage 1 from stage 2 301 (1,048) (747) To stage 2 from stage 3 381 (817) (436) To stage 1 from stage 3 29 (123) (94) Net changes of the exposure and modifications in the credit risk 1,119 (182) 5,548 6,485 Write-offs — — (12,593) (12,593) FX and other movements (94) 410 104 420 Loss allowance at the end of the year 3,835 4,474 13,933 22,242 d) Impaired assets and assets with unpaid past-due amounts The detail of the changes in the balance of the financial assets classified as 'Financial assets Loans to customers' considered to be impaired due to credit risk is as follows: EUR million 2021 2020 2019 Balance at beginning of year 30,815 32,543 34,218 Net additions 9,390 10,577 10,755 Written-off assets (9,089) (8,930) (12,593) Changes in the scope of consolidation — (39) — Exchange differences and other 529 (3,336) 163 Balance at end of year 31,645 30,815 32,543 This amount, after deducting the related allowances, represents the Group’s best estimate of the discounted value of the flows that are expected to be recovered from the impaired assets. At 31 December 2021, the Group’s written-off assets totalled EUR 40,585 million (EUR 39,087 million and EUR 46,209 million at 31 December 2020 and 2019, respectively). Set forth below for each class of impaired asset are the gross amount, associated allowances and information relating to the collateral and/or other credit enhancements obtained at 31 December 2021: EUR million Gross Allowance recognised Estimated collateral Without associated real collateral 13,327 7,416 — With real estate collateral 12,907 3,540 9,054 With other collateral 5,411 2,594 2,317 Total 31,645 13,550 11,371 * Including the estimated value of the collateral associated with each loan. Accordingly, any other cash flows that may be obtained, such as those arising from borrowers’ personal guarantees, are not included. When classifying assets in the previous table, the main factors considered by the Group to determine whether an asset has become impaired are the existence of amounts past due —assets impaired due to arrears— or other circumstances may be arise which will not result in all contractual cash flow being recovered, such as a deterioration of the borrower’s financial situation, the worsening of its capacity to generate funds or difficulties experienced by it in accessing credit. e) Transferred credits 'Loans and advances to customers' includes, inter alia, the securitised loans transferred to third parties on which the Group has retained the risks and rewards, albeit partially, and which therefore, in accordance with the applicable accounting standards, cannot be derecognised. This is mainly due to mortgage loans, loans to companies and consumer loans in which the group retains subordinate financing and/or grants some kind of credit enhancement to new holders. Securitisation is used as a tool for the management of regulatory capital and as a means of diversifying the Group's liquidity sources. The breakdown of securitized loans held on the balance sheet, according to the nature of the financial instrument in which they are originated, is shown below: EUR million 2021 2020 2019 Retained on the balance sheet 80,600 88,662 93,553 Of which Securitised mortgage assets 19,523 30,145 31,868 Of which: UK assets 5,295 9,034 13,002 Other securitised assets 61,077 58,517 61,685 Total* 80,600 88,662 93,553 * Note 22 details the liabilities associated with these securitisation transactions. At 31 December 2021, Grupo Santander had loans that had been fully derecognised and for which it retained servicing amounting to EUR 14,141 million (EUR 13,999 million and EUR 16,786 million at 31 December 2020 and 2019, respectively). |
Trading derivatives
Trading derivatives | 12 Months Ended |
Dec. 31, 2021 | |
Derivatives [Abstract] | |
Trading derivatives | Trading derivatives The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Notional amount Market Notional amount Market Notional amount Market Trading derivatives Interest rate risk Forward rate agreements 147,603 (11) 515,889 — 218,252 (8) Interest rate swaps 3,920,945 1,931 3,789,169 3,638 4,322,199 2,573 Options, futures and other derivatives 508,723 (228) 698,500 (891) 794,140 (907) Credit risk Credit default swaps 13,571 436 12,378 (133) 23,701 (71) Foreign currency risk Foreign currency purchases and sales 329,781 (664) 304,280 (45) 325,720 (441) Foreign currency options 49,680 (114) 45,074 (7) 44,763 (182) Currency swaps 430,644 (1,293) 394,178 (814) 379,176 (1,162) Securities and commodities derivatives and other 69,850 669 70,861 920 61,966 579 Total 5,470,797 726 5,830,329 2,668 6,169,917 381 |
Non-current assets
Non-current assets | 12 Months Ended |
Dec. 31, 2021 | |
Non-current assets held for sale | |
Non-current assets | Non-current assets The detail of Non-current assets held for sale in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Tangible assets 4,089 4,445 4,588 Of which: Foreclosed assets 3,651 4,081 4,485 Of which property assets in Spain* 3,120 3,485 3,667 Other tangible assets held for sale 438 364 103 Other assets — — 13 Total 4,089 4,445 4,601 * During 2019, the sale of real estate assets to Cerberus from foreclosures materialized, generating losses of EUR 180 million. At 31 December 2021, the allowances recognised for the total non-current assets held for sale represented 48% (48% at 31 December 2020 and 2019). The charges recorded in those years amounted to EUR 239 million, EUR 250 million and EUR 279 million, respectively, and the recoveries during these exercises are amounted to EUR 98 million, EUR 35 million and EUR 133 million, respectively. |
Investments
Investments | 12 Months Ended |
Dec. 31, 2021 | |
Investments | |
Investments | Investments a) Breakdown The detail, by company, of Investments is as follows: EUR million 2021 2020 2019 Associated entities 5,833 6,130 7,447 Merlin Properties, SOCIMI, S.A. 1,640 1,581 1,511 Metrovacesa, S.A. 1,087 1,157 1,226 Caceis (note 3) 975 1,077 1,010 Zurich Santander Insurance 826 955 1,009 CNP Santander 418 439 402 Ebury Partners Limited (note 3) 394 388 — Popular Spain Holding de Inversiones, S.L.U. (former Allianz Popular, S.L.) (note 3) — — 409 Project Quasar Investment 2017 S.L.* — — 1,351 Other companies 493 533 529 Joint Ventures entities 1,692 1,492 1,325 Santander Vida Seguros y Reaseguros, S.A. (note 3) 378 381 170 Santander Caceis Latam Holding 1, S.L. - Consolidated (previously Santander Securites Services Latam Holding, S.L) 334 326 349 U.C.I., S.A. - Consolidated 228 168 206 Fortune Auto Finance Co., ltd 222 172 155 Hyundai Capital UK Limited 201 151 135 Banco RCI Brasil S.A. 92 88 116 Other companies 237 206 194 Total Associated entities and Joint ventures 7,525 7,622 8,772 * At 31 December 2021 and 2020, the Group did not hold significant influence over this company, despite holding a 49% interest in it, since it did not meet any of the requirements established in the Standard by which an entity is considered to exercise significant influence over another. Of the entities included above, at 31 December 2021, the entities Merlin Properties, SOCIMI, S.A, Metrovacesa S.A. and Compañía Española de Viviendas en Alquiler, S.A. are the only listed companies. Below is a breakdown of the Goodwill of the main investments in joint ventures and associates included in the balance of this heading: EUR million 2021 2020 2019 Goodwill 1,723 1,862 2,043 Of which: Zurich Santander Insurance America, S.L. - Consolidated 526 526 526 Caceis 337 337 466 b) Changes The changes in the investments were as follows: EUR million 2021 2020 2019 Balance at beginning of year 7,622 8,772 7,588 Acquisitions (disposals) of companies and capital increases (reductions) 94 676 (123) Of which: Ebury Partners Limited (note 3) — 409 — Santander Vida Seguros y Reaseguros, S.A. (note 3) — 219 — Changes in the consolidation method (note 3) — (1,359) 1,368 Of which: Project Quasar Investments 2017, S.L. — (956) — Popular Spain Holding de Inversiones, S.L.U. (former Allianz Popular, S.L.) (note 3) — (409) — Caceis — — 1,010 Santander CACEIS Latam Holding 1, S.L. - Consolidado (former Santander Securities Services Latam Holding, S.L.) — — 349 Effect of equity accounting 432 (96) 324 Dividends distributed and reimbursements of share premium (662) (186) (407) Of which: Zurich Santander Insurance America S.L. - Consolidated (230) (80) (158) Caceis (144) — — CNP Santander (60) — (37) Metrovacesa, S.A. (60) — (25) Santander Vida Seguros y Reaseguros, S.A.- Consolidado (31) (37) (29) Merlin Properties, SOCIMI, S.A. (52) (17) (53) Popular Spain Holding de Inversiones, S.L.U. (former Allianz Popular, S.L.) (note 3) — — (52) Other global result (13) (1) 5 Exchange differences and other changes 52 (184) 17 Balance at end of year 7,525 7,622 8,772 c) Impairment adjustments During the years 2021, 2020 and 2019 there was no evidence of significant impairment in the Group's associated interests. d) Other information A summary of the financial information at the end of December 2021 of the main associates and joint ventures (obtained from the information available at the date of preparation of the consolidated financial statements) is shown below: EUR million Associates Joint ventures Merlin Properties, SOCIMI, S.A.* Metrovacesa, S.A.* Caceis Zurich Santander Insurance América, S.L. - Consolidated CNP Santander Ebury Partners Limited (note 3)** Santander Caceis Latam Holding, S.L. - Consolidated U.C.I., S.A. - Consolidated Hyundai Capital UK Limited Fortune Auto Finance Co., LTD Santander Vida Seguros y Reaseguros, S.A.- Consolidated (note 3) Banco RCI Brasil S.A. Current assets 416 2,452 51,995 704 155 688 151 368 1,837 670 112 5 Non current assets 13,062 475 70,137 12,785 2,174 93 385 10,963 2,501 2,511 1,666 1,694 Total assets 13,478 2,927 122,132 13,489 2,329 781 536 11,331 4,338 3,181 1,778 1,699 Current liabilities 180 485 7,708 259 19 768 124 55 1,619 34 193 50 Non current liabilities 6,602 262 110,259 12,441 1,878 28 9 10,856 2,317 2,702 932 1,408 Total liabilities 6,782 747 117,967 12,700 1,897 796 133 10,911 3,936 2,736 1,125 1,458 Attributable profit for the period 56 (164) 187 291 86 (69) 39 6 79 61 76 25 Other accumulated comprehensive income (16) — 24 (675) 2 1 (288) (11) 5 25 1 (228) Rest of equity 6,656 2,344 3,954 1,173 344 53 652 425 318 359 576 444 Total Equity 6,696 2,180 4,165 789 432 (15) 403 420 402 445 653 241 Total liabilities and equity 13,478 2,927 122,132 13,489 2,329 781 536 11,331 4,338 3,181 1,778 1,699 — — — — — — — — — — — — Ordinary activities income 417 150 2,196 3,841 785 124 115 239 845 278 763 165 Profit (loss) from continuing operations 56 (164) 187 291 86 (69) 39 6 79 61 76 25 Profit (loss) for the year from discontinuing operations — — — — — — — — — — — — * Data as of 31 December 2020, latest accounts available. ** Data as of 30 April 2021, latest accounts available. |
Insurance contracts linked to p
Insurance contracts linked to pensions | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of types of insurance contracts [abstract] | |
Insurance contracts linked to pensions | Insurance contracts linked to pensions The detail of Insurance contracts linked to pensions in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Assets relating to insurance contracts covering post-employment benefit plan obligations: Banco Santander, S.A. 149 174 192 149 174 192 |
Liabilities and assets under in
Liabilities and assets under insurance contracts and reinsurance assets | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [abstract] | |
Liabilities and assets under insurance contracts and reinsurance assets | Liabilities and assets under insurance contracts and reinsurance assetsThe detail of Liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets (see note 2.j) is as follows: EUR million 2021 2020 2019 Technical provisions for: Direct insurance and reinsurance assumed Reinsurance Total Direct Reinsurance Total Direct Reinsurance Total Unearned premiums and unexpired risks 56 (50) 6 51 (45) 6 59 (52) 7 Life insurance 209 (150) 59 189 (137) 52 206 (151) 55 Unearned premiums and risks 146 (130) 16 126 (122) 4 139 (132) 7 Mathematical provisions 63 (20) 43 63 (15) 48 67 (19) 48 Claims outstanding 451 (55) 396 561 (59) 502 399 (55) 344 Bonuses and rebates 20 (11) 9 23 (11) 12 22 (10) 12 Other technical provisions 34 (17) 17 86 (9) 77 53 (24) 29 770 (283) 487 910 (261) 649 739 (292) 447 |
Tangible assets
Tangible assets | 12 Months Ended |
Dec. 31, 2021 | |
Property, plant and equipment [abstract] | |
Tangible assets | Tangible assets a) Changes The changes in Tangible assets in the consolidated balance sheets were as follows: EUR million Tangible assets Of which: For own use Leased out under Investment Total For own use Leased out under Investment Total Cost Balances at 1 January 2019 25,428 25,087 2,378 52,893 6,693 — — 6,693 Additions / disposals (net) due to change in the scope of consolidation (5) — (15) (20) — — — — Additions / disposals (net) 1,863 3,148 (310) 4,701 (997) — — (997) Transfers, exchange differences and other items (178) (3,781) (603) (4,562) (10) — — (10) Balance at 31 December 2019 27,108 24,454 1,450 53,012 5,686 — — 5,686 Additions / disposals (net) due to change in the scope of consolidation (16) 1,082 7 1,073 (37) — — (37) Additions / disposals (net) 827 512 (29) 1,310 (1,339) * — — (1,339) Transfers, exchange differences and other items (3,023) (1,844) 32 (4,835) (362) — — (362) Balance at 31 December 2020 24,896 24,204 1,460 50,560 3,948 — — 3,948 Additions / disposals (net) due to change in the scope of consolidation 66 (257) — (191) 1 — — 1 Additions / disposals (net) 781 (1,076) (64) (359) 96 * — — 96 Transfers, exchange differences and other items (214) 1,552 141 1,479 384 — — 384 Balance at 31 December 2021 25,529 24,423 1,537 51,489 4,429 — — 4,429 Accumulated depreciation Balances at 1 January 2019 (10,524) (8,404) (199) (19,127) — — — — Disposals due to change in the scope of consolidation 3 — 6 9 — — — — Disposals 356 2,149 32 2,537 37 — — 37 Charge for the year (2,021) — (14) (2,035) (807) — — (807) Transfers, exchange differences and other items 212 1,045 31 1,288 5 — — 5 Balance at 31 December 2019 (11,974) (5,210) (144) (17,328) (765) — — (765) Disposals due to change in the scope of consolidation (40) — — (40) (3) — — (3) Disposals 527 2,387 11 2,925 167 — — 167 Charge for the year (1,906) — (8) (1,914) (706) — — (706) Transfers, exchange differences and other items 1,850 (2,762) 8 (904) 90 — — 90 Balance at 31 December 2020 (11,543) (5,585) (133) (17,261) (1,217) — — (1,217) Disposals due to change in the scope of consolidation (1) 40 — 39 — — — — Disposals 733 3,390 3 4,126 44 — — 44 Charge for the year (1,733) — (10) (1,743) (612) — — (612) Transfers, exchange differences and other items 529 (3,083) (9) (2,563) (4) — — (4) Balance at 31 December 2021 (12,015) (5,238) (149) (17,402) (1,789) — — (1,789) * Includes contract extensions on operating leases and repurchases. EUR million Tangible assets Of which: For own use Leased out under Investment Total For own use Leased out under Investment Total Impairment losses Balances at 1 January 2019 (61) (239) (616) (916) — — — — Impairment charge for the year (14) (12) (36) (62) — — — — Releases 8 6 3 17 — — — — Disposals due to change in the scope of consolidation — — — — — — — — Exchange differences and other (26) 222 316 512 — — — — Balances at 31 December 2019 (93) (23) (333) (449) — — — — Impairment charge for the year (104) (70) (11) (185) (4) — — (4) Releases 4 2 5 11 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 20 — 3 23 — — — — Exchange differences and other 33 31 (28) 36 (6) — — (6) Balances at 31 December 2020 (140) (60) (364) (564) (9) — — (9) Impairment charge for the year (144) (17) (8) (169) (13) — — (13) Releases 10 4 5 19 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 61 — 3 64 7 — — 7 Exchange differences and other (42) (29) (44) (115) (1) — — (1) Balances at 31 December 2021 (255) (102) (408) (765) (15) — — (15) Tangible assets, net Balances at 31 December 2019 15,041 19,221 973 35,235 4,921 — — 4,921 Balances at 31 December 2020 13,213 18,559 963 32,735 2,722 — — 2,722 Balances at 31 December 2021 13,259 19,083 979 33,321 2,625 — — 2,625 b) Tangible assets - For own use The detail, by class of asset, of 'Property, plant and equipment' which is owned by the Group in the consolidated balance sheets is as follows: EUR million Tangible assets for own use Of which: Cost Accumulated Impairment Carrying Land and buildings 13,972 (2,889) (93) 10,990 4,908 IT equipment and fixtures 5,995 (4,808) — 1,187 2 Furniture and vehicles 6,952 (4,216) — 2,736 11 Construction in progress and other items 189 (61) — 128 — Balances at 31 December 2019 27,108 (11,974) (93) 15,041 4,921 Land and buildings 13,081 (3,215) (133) 9,733 2,716 IT equipment and fixtures 5,562 (4,416) — 1,146 1 Furniture and vehicles 6,085 (3,854) — 2,231 5 Construction in progress and other items 168 (58) (7) 103 — Balances at 31 December 2020 24,896 (11,543) (140) 13,213 2,722 Land and buildings 13,855 (3,675) (240) 9,940 2,570 IT equipment and fixtures 5,543 (4,335) — 1,208 42 Furniture and vehicles 5,982 (3,954) — 2,028 12 Construction in progress and other items 149 (51) (15) 83 — Balances at 31 December 2021 25,529 (12,015) (255) 13,259 2,625 The carrying amount at 31 December 2021 in the foregoing table includes the following approximate amounts EUR 6,753 million (EUR 6,299 million at 31 December 2020 and EUR 7,737 million at 31 December 2019) relating to property, plant and equipment owned by group entities and branches located abroad. c) Tangible assets - Leased out under an operating lease Grupo Santander has assets leased out under operating leases where the company is the lessor and do not meet the accounting requirements to be classified as finance leases. The net cost of these leases is recorded as an asset and depreciated on a straight-line basis over the contractual term of the lease to the expected residual value. The expected residual value and, consequently, the monthly depreciation expense may change during the term of the lease. The Group estimates expected residual values using independent data sources and internal statistical models. It also assesses the estimate of the residual value of these leases and adjusts the depreciation rate in line with the change in the expected value of the asset at the end of the lease. Grupo Santander periodically assesses its investment in operating leases for impairment in certain circumstances, such as a systemic and material decrease in the values of used vehicles. If assets leased out under operating leases are deemed to be impaired, impairment is measured as the amount by which the carrying amount of the assets exceeds the fair value as estimated by discounted cash flows. Of the EUR 19,083 million that the Group had assigned to operating leases at 31 December 2021 (EUR 18,559 million and EUR 19,221 million at 31 December 2020 and 2019, respectively), EUR 12,977 million (EUR 13,455 million and EUR 14,799 million at 31 December 2020 and 2019, respectively ) relate to vehicles of Santander Consumer USA Holdings Inc. The variable lease payments of various items of this entity are not representative. In addition, the maturity analysis of the payments for assets leased out under operating leases from Santander Consumer USA Holdings Inc. is as follows: EUR million 2021 Maturity Analysis 2022 3,030 2023 3,814 2024 5,644 2025 872 d) Tangible assets - Investment property The fair value of investment property at 31 December 2021, 2020, 2019 amounted to EUR 1,088, 1,055 and 1,076 million, respectively. A comparison of the fair value of investment property at 31 December 2021, 2020 and 2019 with the net book value shows gross unrealised gains of EUR 109, 92 and 103 million, respectively, attributed completely to the group. The rental income earned from investment property and the direct costs related both to investment properties that generated rental income in 2021, 2020 and 2019 and to investment properties that did not generate rental income in those years are not material in the context of the consolidated financial statements. |
Intangible assets - Goodwill
Intangible assets - Goodwill | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of reconciliation of changes in goodwill [abstract] | |
Intangible assets - Goodwill | Intangible assets – Goodwill The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows: EUR million 2021 2020 2019 Banco Santander (Brasil) 3,219 3,109 4,388 SAM Investment Holdings Limited 1,444 1,444 1,173 Santander Consumer Germany 1,304 1,314 1,236 Santander Bank Polska 1,095 1,104 2,427 Santander Portugal 1,040 1,040 1,040 Santander España 1,027 1,027 1,027 Santander Consumer USA 979 904 2,143 Santander Bank, National Association 643 594 1,828 Santander UK 633 592 7,147 Banco Santander - Chile 516 571 589 Grupo Financiero Santander (México) 435 399 460 Santander Consumer Nordics 224 216 496 Other companies 154 157 292 Total Goodwill 12,713 12,471 24,246 The changes in goodwill were as follows: EUR million 2021 2020 2019 Balance at beginning of year 12,471 24,246 25,466 Additions (note 3) 81 429 41 Of which: SAM Investment Holdings Limited — 271 — Santander España — — 4 Impairment losses (6) (10,100) (1,491) Of which: Santander UK — (6,101) (1,491) Santander Bank Polska — (1,192) — Santander Bank, National Association — (1,177) — Santander Consumer USA — (1,153) — Santander Consumer Nordics — (277) — Disposals or changes in scope of consolidation — — — Exchange differences and other items 167 (2,104) 230 Balance at end of year 12,713 12,471 24,246 Grupo Santander has goodwill generated by cash-generating units located in non-euro currency countries (mainly Brazil, Poland, the United States, the United Kingdom, Chile, Mexico, Norway and Sweden) and, therefore, this gives rise to exchange differences on the translation to euros, at closing rates, of the amounts of goodwill denominated in foreign currencies. Accordingly, in 2021 there was an increase of EUR 167 million (a decrease of EUR 2,104 million in 2020 and an increase of EUR 230 million in 2019), due to exchange differences and other items which, pursuant to current standards, were recognised with a change to 'Other comprehensive income - Items that may be reclassified to profit or loss - Exchange differences in other comprehensive income in the consolidated statement of recognised income and expense' (see note 29.d). At least once per year (or whenever there is any indication of impairment), Grupo Santander performs an analysis of the potential impairment of its recorded goodwill with respect to its recoverable amount. The first step that must be taken in order to perform this analysis is the identification of the cash-generating units, which are the Group's smallest identifiable groups of assets that generate cash inflows that are largely independent of the cash flows of other assets or groups of assets. The amount to be recovered of each cash-generating unit is determined taking into consideration the carrying amount (including any fair value adjustment arising on the business combination) of all the assets and liabilities of all the independent legal entities composing the cash-generating unit, together with the related goodwill. The amount to be recovered of the cash-generating unit is compared with its recoverable amount in order to determine whether there is any impairment. Grupo Santander's directors assess the existence of any indication that might be considered to be evidence of impairment of the cash-generating unit by reviewing information including the following (i) certain macroeconomic variables that might affect its investments (population data, political situation, economic situation —including banking concentration level—, among others) and (ii) various microeconomic variables comparing the investments of the Group with the financial services industry of the country in which the cash-generating unit carries on most of its business activities (balance sheet composition, total funds under management, results, efficiency ratio, capital adequacy ratio, return on equity, among others). Regardless of whether there is any indication of impairment, every year the Group calculates the recoverable amount of each cash-generating unit to which goodwill, has been allocated and, to this end, it uses price quotations, market references (multiples), internal estimates and valuations performed by internal and external experts. Firstly, the Group determines the recoverable amount by calculating the fair value of each cash-generating unit on the basis of the quoted price of the cash-generating units, if available. In addition, the Group performs estimates of the recoverable amounts of certain cash-generating units by calculating their value in use using discounted cash flow projections. The main assumptions used in this calculation are (i) earnings projections based on the financial budgets approved by the Group’s directors which cover between three The cash flow projections used by Group management to obtain the values in use are based on the financial budgets approved by both local management of the related local units and the Group’s directors. The Group’s budgetary estimation process is common for all the cash-generating units. The local management teams prepare their budgets using the following key assumptions: a) Microeconomic variables of the cash-generating unit: management takes into consideration the current balance sheet structure, the product mix and the business decisions taken by local management in this regard. b) Macroeconomic variables: growth is estimated on the basis of the changing environment, taking into consideration expected GDP growth in the unit’s geographical location and forecast trends in interest and exchange rates. These data, which are based on external information sources, are provided by the Group’s economic research service. c) Past performance variables: in addition, management takes into consideration in the projection the difference (both positive and negative) between the cash-generating unit’s past performance and budgets. During 2021, the Group recognised impairment losses of EUR 6 million of immaterial goodwill which were recognised under 'Impairment or reversal of impairment of non-financial assets, net - Intangible assets'. Goodwill is deducted from CET1 for regulatory purposes and therefore an impairment of goodwill has no impact on the Group's capital ratios. In 2020, considering the economic and business environment resulting from covid-19, market conditions and the existing economic uncertainty, an impairment test was performed for certain CGUs during the second quarter. As a result, the Group recognised goodwill impairment of EUR 10,100 million, mainly associated with Santander UK, Santander Bank Polska, Santander Bank, National Association, Santander Consumer USA and Santander Consumer Nordics. In 2019, the Group recorded an impairment of goodwill associated with Santander UK amounting to EUR 1,491 million considering the following reasons: decrease in the profit generation capacity of the cash generating unit in contrast to the forecast made in previous years, the general competitive environment in the UK, the impact of the banking reform on retail businesses and the impact of the uncertainty generated by Brexit on the country's economic growth. Following is a detail of the main assumptions taken into account in determining the recoverable amount, at 2021 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method: 2021 Projected period Discount rate* Nominal Santander UK 5 years 9.2 % 2.3 % Santander Bank Polska 5 years 10.3 % 3.5 % Santander Consumer USA 3 years 10.6 % 1.5 % Santander Bank, National Association** 5 years 11.6 % 3.0 % Santander Consumer Germany 5 years 8.3 % 1.8 % SAM Investment Holdings, Limited 5 years 10.4 % 2.5 % Santander Portugal 5 years 9.7 % 1.8 % Santander Consumer Nordics 5 years 9.9 % 2.0 % * Post-tax discount rate. ** Weighted information of the main assumptions of the segments to which goodwill has been allocated. The discount and nominal perpetual growth rates taken into account in 2020 and 2019 are presented below for comparison purposes: Discount rate* Nominal 2020 2019 2020 2019 Santander UK 9.5 % 8.5 % 2.3 % 2.5 % Santander Bank Polska 10.0 % 9.2 % 3.5 % 3.5 % Santander Consumer USA 10.7 % 9.5 % 1.5 % 1.5 % Santander Bank, National Association** 11.6 % 9.6 % 2.5 % 3.6 % Santander Consumer Germany 9.0 % 8.2 % 1.8 % 2.5 % SAM Investment Holdings, Limited 10.1 % 10.0 % 2.5 % 2.5 % Santander Portugal 9.8 % 8.9 % 1.8 % 2.0 % Santander Consumer Nordics 10.1 % 8.6 % 2.0 % 2.5 % * Post-tax discount rate. ** Weighted information of the main assumptions of the segments to which goodwill has been allocated. Given the degree of uncertainty of the above key assumptions on which the recoverable amount of the cash-generating units is based, the Group performs a sensitivity analysis which consisted of adjusting +/- 50 basis points the discount rate, adjusting +/- 50 basis points the growth rate in perpetuity and reducing the cash flow projections by 5%. These changes in the key assumptions in isolation mean that the recoverable amount of all the cash-generating units continues to exceed their amount to be recovered and have been considered by the Group to be reasonably possible in a stable economic environment and in which non-recurring events unrelated to the business operations of the cash-generating units are not contemplated. The recoverable amount of Banco Santander - Chile, Grupo Financiero Santander (México) and Banco Santander (Brasil) was calculated as the fair values of the aforementioned cash-generating units obtained from the quoted market prices of their shares at year-end. This value exceeded the amount to be recovered. A significant reduction in the quoted market prices of these cash generating unit could result in an indication of impairment which in turn may lead to a goodwill impairment charge in the future. |
Intangible assets - Other intan
Intangible assets - Other intangible assets | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [abstract] | |
Intangible assets - Other intangible assets | Intangible assets - Other intangible assetsThe detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2021, 2020, and 2019 is as follows: EUR million Estimated 31 December 2020 Net Change in Amortization Application of Exchange 31 December 2021 Cost 9,376 1,409 5 — (293) 215 10,712 Brand names 37 — — — (34) 1 4 IT developments 3 -7 years 7,900 1,325 4 — (212) 172 9,189 Other 1,439 84 1 — (47) 42 1,519 Accumulated amortisation (5,809) — (2) (1,013) 232 (115) (6,707) Development (5,307) — (1) (922) 178 (97) (6,149) Other (502) — (1) (91) 54 (18) (558) Impairment losses (130) — — (65) 61 — (134) Of which addition — — — (65) — — — Liberation — — — — — — — 3,437 1,409 3 (1,078) — 100 3,871 EUR million Estimated 31 December 2019 Net Change in Amortization Application of Exchange 31 December 2020 Cost 9,263 1,451 (33) — (241) (1,064) 9,376 Brand names 42 — — — (5) 37 IT developments 3-7 years 7,945 1,123 (34) (224) (910) 7,900 Other 1,276 328 1 (17) (149) 1,439 Accumulated amortisation (5,686) 35 49 (896) 105 584 (5,809) Development (5,139) — 49 (792) 88 487 (5,307) Other (547) 35 — (104) 17 97 (502) Impairment losses (136) — — (142) 136 12 (130) Of which addition — — — (142) — — — Liberation — — — — — — — 3,441 1,486 16 (1,038) — (468) 3,437 EUR million Estimated 31 December 2018 Net Change in Amortization Application of Exchange 31 December 2019 Cost 8,680 1,377 (41) — (887) 134 9,263 Brand names 36 2 2 — 2 42 IT developments 3-7 years 7,134 1,374 (19) (639) 95 7,945 Other 1,510 1 (24) (248) 37 1,276 Accumulated amortisation (5,432) — 8 (966) 806 (102) (5,686) Development (4,743) — 4 (874) 570 (96) (5,139) Other (689) — 4 (92) 236 (6) (547) Impairment losses (154) — — (73) 81 10 (136) Of which addition — — — (75) — — — Liberation — — — 2 — — — 3,094 1,377 (33) (1,039) — 42 3,441 |
Other assets
Other assets | 12 Months Ended |
Dec. 31, 2021 | |
Miscellaneous assets [abstract] | |
Other assets | Other assets The detail of 'Other assets' is as follows: EUR million 2021 2020 2019 Transactions in transit 157 88 157 Net pension plan assets (note 25) 1,990 635 903 Prepayments and accrued income 2,610 2,806 3,129 Other (note 2.n) 3,683 7,362 5,752 8,440 10,891 9,941 |
Deposits from central banks and
Deposits from central banks and credit institutions | 12 Months Ended |
Dec. 31, 2021 | |
Deposits from central banks and credit institutions | |
Deposits from central banks and credit institutions | Deposits from central banks and credit institutions The detail, by classification, counterparty, type and currency, of Deposits from central banks and 'Deposits from credit institutions' in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 CENTRAL BANKS Classification Financial liabilities held for trading 1,038 — — Financial liabilities designated at fair value through profit or loss 607 2,490 12,854 Financial liabilities at amortized cost 139,757 112,804 62,468 141,402 115,294 75,322 Type Deposits on demand 10 10 5 Time deposits 134,439 108,090 67,424 Reverse repurchase agreements 6,953 7,194 7,893 141,402 115,294 75,322 CREDIT INSTITUTIONS Classification Financial liabilities held for trading 6,488 — — Financial liabilities designated at fair value through profit or loss 1,064 6,765 9,340 Financial liabilities at amortized cost 52,235 62,620 90,501 59,787 69,385 99,841 Type Deposits on demand 6,139 5,727 9,136 Time deposits 37,332 43,308 61,406 Reverse repurchase agreements 16,198 20,179 29,115 Subordinated deposits 118 171 184 59,787 69,385 99,841 Currency Euro 107,908 104,499 79,008 Pound sterling 42,451 23,339 18,129 US dollar 24,012 26,581 53,403 Brazilian real 11,297 12,356 13,022 Other currencies 15,521 17,904 11,601 TOTAL 201,189 184,679 175,163 In 31 December 2021, the balance of the conditional long-term financing of the European Central Bank (TLTRO- Targeted Long-Term Refinancing Operation-) amounted to EUR 88,894 million, all corresponding to TLRTO III (EUR 77,732 million and EUR 46,201 million at 31 December 2020 and 2019, respectively). In December 2021, the income recognized in the consolidated income statement corresponding to TLTRO III amounts to EUR 868 million (EUR 391 million at 31 December 2020). Grupo Santander´s deposits with central banks in 2021 amounted to EUR 193,102 million (EUR 137,047 million and EUR 75,353 million in 2020 and 2019), of which EUR 99,530 million with the European Central Bank (EUR 71,324 million and EUR 28,182 million in 2020 and 2019, respectively), at an average effective cost of -0.40%. |
Customer deposits
Customer deposits | 12 Months Ended |
Dec. 31, 2021 | |
Deposits from customers [abstract] | |
Customer deposits | Customer deposits The detail, by classification, geographical area and type, of Customer deposits is as follows: EUR million 2021 2020 2019 Classification Financial liabilities held for trading 6,141 — — Financial liabilities designated at fair value through profit or loss 25,608 34,343 34,917 Financial liabilities 886,595 814,967 789,448 918,344 849,310 824,365 Geographical area Spain 319,565 294,516 271,103 European Union (excluding Spain)* 112,361 106,013 334,542 United States and Puerto Rico 73,814 59,057 60,011 Other OECD countries* 321,607 306,243 71,235 South America 90,997 83,481 87,474 918,344 849,310 824,365 Type Demand deposits- 717,728 642,897 588,533 Current accounts 482,649 418,752 373,146 Savings accounts 227,318 216,500 208,701 Other demand deposits 7,761 7,645 6,686 Time deposits- 164,259 171,939 196,921 Fixed-term deposits and other term deposits 162,172 170,127 194,163 Home-purchase savings accounts 38 43 44 Discount deposits 3 3 3 Hybrid financial liabilities 1,906 1,743 2,711 Subordinated liabilities 140 23 — Repurchase agreements 36,357 34,474 38,911 918,344 849,310 824,365 * The amounts referring to 2021 and 2020 exercises for the United Kingdom geographical area have been considered in the line Other OECD countries, instead of in the line European Union (excluding Spain) due to the leaving of the United Kingdom from the European Union. Note 50 contains a detail of the residual maturity periods of financial liabilities at amortised cost. |
Marketable debt securities
Marketable debt securities | 12 Months Ended |
Dec. 31, 2021 | |
Marketable Debt Securities [Abstract] | |
Marketable debt securities | Marketable debt securities a) Breakdown The detail, by classification and type, of Marketable debt securities is as follows: EUR million 2021 2020 2019 Classification Financial liabilities — — — Financial liabilities designated 5,454 4,440 3,758 Financial liabilities 240,709 230,829 258,219 246,163 235,269 261,977 Type Bonds and debentures outstanding 194,362 191,577 208,455 Subordinated 25,938 21,686 20,878 Notes and other securities 25,863 22,006 32,644 246,163 235,269 261,977 The distribution of the book value of debt securities issued by contractual maturity at 31 December 2021 is shown below: EUR million On Within 1 1 to 3 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — — 49 130 656 6,167 18,936 25,938 Senior unsecured debt — 3,033 3,734 10,621 38,731 26,715 28,600 111,434 Senior secured debt — 1,673 5,271 12,364 33,562 13,340 16,718 82,928 Promissory notes and other securities — 9,201 9,304 7,358 — — — 25,863 Debt securities issued — 13,907 18,358 30,473 72,949 46,222 64,254 246,163 The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2021 is as follows: EUR million On Within 1 1 to 3 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — — 49 129 652 6,128 18,816 25,774 Senior unsecured debt — 3,063 3,771 10,725 39,110 26,976 28,880 112,525 Senior secured debt — 1,663 5,241 12,293 33,369 13,263 16,622 82,451 Promissory notes and other securities — 9,341 9,447 7,471 — — — 26,259 Debt securities issued — 14,067 18,508 30,618 73,131 46,367 64,318 247,009 b) Bonds and debentures outstanding The detail, by currency of issue, of 'Bonds and debentures outstanding' is as follows: 2021 EUR million Currency of issue 2021 2020 2019 Outstanding issue amount in foreign currency (Million) Annual Euro 90,348 89,031 89,008 90,348 1.06% US dollar 66,581 61,174 64,952 75,406 2.39% Pound sterling 13,340 16,569 20,178 11,206 2.13% Brazilian real 9,131 8,398 15,292 57,702 1.99% Chilean peso 3,757 5,624 6,848 3,623,635 5.03% Other currencies 11,205 10,781 12,177 Balance at end of year 194,362 191,577 208,455 The changes in 'Bonds and debentures outstanding' were as follows: EUR million 2021 2020 2019 Balance at beginning of year 191,577 208,455 195,498 Net inclusion of entities in the Group — 785 — Issues 59,937 54,905 64,184 Of which: Santander Consumer USA Holdings Inc. 15,771 12,246 15,631 Banco Santander (Brasil) S.A. 14,996 11,036 13,227 Banco Santander, S.A. 11,766 10,220 12,066 Santander UK Group Holdings plc 3,372 6,320 4,547 Santander Consumo 4, F.T. 1,531 — — SC Germany S.A. (New Compartment: Consumer 2021-1) 1,496 — — Santander Consumer Finance, S.A. 1,169 2,394 5,150 Banco Santander - Chile 1,158 766 1,644 Santander International Products, Plc. 914 1,588 848 Auto ABS French Lease Master Compartiment 2016 900 300 300 Santander Factoring Sp. z o.o. 819 391 375 PSA Banque France 815 385 1,132 Santander Consumer Bank AS 779 773 1,572 PSA Bank Deutschland GmbH 600 — 1,104 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 541 1,770 577 PSA Financial Services, Spain, E.F.C, S.A. — 605 — Santander Holdings USA, Inc. — 1,269 2,778 SC Germany S.A., Compartment Consumer 2020-1 — 1,800 — SCF Rahoituspalvelut IX DAC — 650 — Santander Consumer Bank AG — 500 750 SCF Rahoituspalvelut VIII DAC — — 799 Redemptions and repurchases (61,846) (62,699) (52,462) Of which: Banco Santander (Brasil) S.A. (15,182) (14,211) (12,817) Santander Consumer USA Holdings Inc. (15,151) (13,959) (14,517) Santander UK Group Holdings plc (14,695) (14,102) (9,115) Santander Consumer Finance, S.A. (3,779) (4,371) (2,550) Banco Santander, S.A. (3,185) (5,991) (3,303) Banco Santander - Chile (1,030) (1,974) (848) Santander Factoring Sp. z o.o. (920) (299) (407) Auto ABS French Lease Master Compartiment 2016 (900) — — Santander Holdings USA, Inc. (778) (1,201) (1,990) PSA Bank Deutschland GmbH (580) — (902) Santander Consumer Bank AS (348) (936) (1,551) Santander International Products, Plc. (345) (324) (722) PSA Banque France (335) (684) — Banco Santander Totta, S.A. (9) (784) (739) Exchange differences and other movements 4,694 (9,869) 1,235 Balance at year-end 194,362 191,577 208,455 c) Notes and other securities These notes were issued basically by Santander Consumer Finance, S.A., Santander UK plc, Banco Santander (México), S.A. Institución de Banca Múltiple, Grupo Financiero Santander México, Banco Santander, S.A., Santander Consumer Bank AG, PSA Banque France, Banco Santander - Chile, Santander Bank Polska S.A. and Banco Santander S.A. - Uruguay. d) Guarantees Set forth below is information on the liabilities secured by assets: EUR million 2021 2020 2019 Asset-backed securities 40,519 35,753 38,616 Of which, mortgage-backed securities 1,487 2,274 3,819 Other mortgage securities 41,779 49,425 50,269 Of which: mortgage-backed bonds 23,197 24,736 24,736 Territorial covered bond 630 869 1,270 82,928 86,047 90,155 The main characteristics of the assets securing the aforementioned financial liabilities are as follows: 1. Asset-backed securities a. Mortgage-backed securities- these securities are secured by mortgage assets (see Note 10.e) with average maturities of more than ten years that must: be a first mortgage for acquisition of principal or second residence, be current in payments, have a loan-to-value ratio below 80% and have a liability insurance policy in force covering at least the appraisal value. The value of the financial liabilities broken down in the foregoing table is lower than the balance of the assets securing them —securitised assets retained on the balance sheet— mainly because the Group repurchases a portion of the bonds issued, and in such cases they are not recognised on the liability side of the consolidated balance sheet. b. Other asset - backed securities: includes asset-backed securities, notes issued by securitization funds collateralized mainly by mortgage loans that do not meet the above requirements and other loans (mainly personal loans with an average maturity of five years and loans to SMEs with average maturities of seven years) and private issues of Santander Consumer USA Holdings Inc collateralized by vehicles assigned under operating leases. 2. Other mortgage securities include mainly: (i) mortgage-backed bonds with average maturities of more than ten years that are secured by a portfolio of mortgage loans and credits (included in secured loans —see note 10.b—) which must: not be classified as of procedural stage; have available appraisals performed by specialised entities; have a loan-to-value (LTV) ratio below 80% in the case of home loans and below 60% for loans for other assets and have sufficient liability insurance, (ii) other debt securities issued as part of the Group’s liquidity strategy in the UK, mainly covered bonds in the UK secured by mortgage loans and other assets. The fair value of the guarantees received by the Group (financial and non-financial assets) which the Group is authorised to sell or pledge even if the owner of the guarantee has not defaulted is scantly material taking into account the Consolidated financial statements as a whole. e) Spanish mortgage-market issues The members of the board of directors hereby state that the Group entities operating in the Spanish mortgage-market issues area have established and implemented specific policies and procedures to cover all activities carried on and guarantee strict compliance with mortgage-market regulations applicable to these activities as provided for in Royal Decree 716/2009, of 24 April implementing certain provisions of Mortgage Market Law 2/1981, of 25 March, and, by application thereof, in Bank of Spain Circulars 7/2010 and 5/2011, and other financial and mortgage system regulations. Also, financial management defines the Grupo Santander's funding strategy. The risk policies applicable to mortgage market transactions envisage maximum loan-to-value (LTV) ratios, and specific policies are also in place adapted to each mortgage product, which occasionally require the application of stricter limits. Grupo Santander’s general policies in this respect require the repayment capacity of each potential customer (the effort ratio in loan approval) to be analysed using specific indicators that must be met. This analysis must determine whether each customer’s income is sufficient to meet the repayments of the loan requested. In addition, the analysis of each customer must include a conclusion on the stability over time of the customer’s income considered with respect to the life of the loan. The aforementioned indicator used to measure the repayment capacity (effort ratio) of each potential customer takes into account mainly the relationship between the potential debt and the income generated, considering on the one hand the monthly repayments of the loan requested and other transactions and, on the other, the monthly salary income and duly supported income. Grupo Santander entities have specialised document comparison procedures and tools for verifying customer information and solvency (see note 53). Grupo Santander entities’ procedures envisage that each mortgage originated in the mortgage market must be individually valued by an appraisal company not related to the Group. In accordance with Article 3 of Mortgage Market Law 41/2007, any appraisal company approved by the Bank of Spain may issue valid appraisal reports. However, as permitted by this same article, the Group entities perform several checks and select, from among these companies, a small group with which they enter into cooperation agreements with special conditions and automated control mechanisms. The Group’s internal regulations specify, in detail, each of the internally approved companies, as well as the approval requirements and procedures and the controls established to uphold them. In this connection, the regulations establish the functions of an appraisal company committee on which the various areas of the Group related to these companies are represented. The aim of the committee is to regulate and adapt the internal regulations and the activities of the appraisal companies to the current market and business situation (see note 2.i). Basically, the companies wishing to cooperate with the Group must have a significant level of activity in the mortgage market in the area in which they operate, they must pass a preliminary screening process based on criteria of independence, technical capacity and solvency -in order to ascertain the continuity of their business- and, lastly, they must pass a series of tests prior to obtaining definitive approval. In order to comply in full with the legislation, any appraisal provided by the customer is reviewed, irrespective of which appraisal company issues it, to check that the requirements, procedures and methods used to prepare it are formally adapted to the valued asset pursuant to current legislation and that the values reported are customary in the market. The information required by Bank of Spain circulars 7/2010 and 5/2011, by application of Royal Decree 716/2009, of 24 April is as follows: EUR million 2021 2020 2019 Face value of the outstanding mortgage loans and credits that support the issuance of mortgage-backed and mortgage bonds pursuant to Royal Decree 716/2009 (excluding securitised bonds) 83,088 76,554 84,720 Of which: Loans eligible to cover issues of mortgage-backed securities 64,896 57,382 59,517 Transfers of assets retained on balance sheet: mortgage-backed certificates and other securitised mortgage assets 11,133 17,610 14,569 Mortgage-backed bonds The mortgage-backed bonds ( 'cédulas hipotecarias' ) issued by the Group entities are securities the principal and interest of which are specifically secured by mortgages, there being no need for registration in the property register, by mortgage on all those that at any time are recorded in favour of the issuer and are not affected by the issuance of mortgage bonds and / or are subject to mortgage participations, and / or mortgage transfer certificates, and, if they exist, by substitution assets eligible to be hedged and for the economic flows generated by derivative financial instruments linked to each issue, and without prejudice to the issuer’s unlimited liability. The mortgage bonds include the credit right of its holder against the issuing entity, guaranteeing in the manner provided for in the previous paragraph, and involve the execution to claim from the issuer the payment after due date. The holders of these securities are recognised as preferred creditors, singularly privileged, with the preference, included in number 3º of article 1,923 of the Spanish Civil Code against any other creditor, in relation with the entire group of loans and mortgage loans registered in favour of the issuer, except those that act as coverage for mortgage bonds and / or are subject to mortgage participations and / or mortgage transfer certificates. In the event of insolvency, the holders of mortgage-backed bonds, as long as they are not considered 'person especially related' to the issuing entity in accordance with Royal Legislative Decree 1/2020, of 5 May, approving the revised text of the Bankruptcy Law , will enjoy the special privilege established in Article 270.1.1 of the aforementioned Bankruptcy Law. Without prejudice to the foregoing, in accordance with Article 242.10 of the Bankruptcy Law, during the insolvency proceedings, the payments relating to the repayment of the principal and interest of the bonds issued and outstanding at the date of the insolvency filing will be settled up to the amount of the income received by the insolvent party from the mortgage loans and credits and, where appropriate, from the replacement assets backing the bonds and from the cash flows generated by the financial instruments associated with the issues (Article 14 of Law 2/1981 of 25 March 1981 regulating the mortgage market). If, due to a timing mismatch, the income received by the insolvent party is insufficient to meet the payments described in the preceding paragraph, the insolvency managers must settle them by realising the replacement assets set aside to cover the issue and, if this is not sufficient, they must obtain financing to meet the mandated payments to the holders of the mortgage-backed bonds, and the finance provider must be subrogated to the position of the bond-holders. In the event that it would be necessary to proceed in accordance with the terms of Article 212.1 and, in accordance with the requirements of Article 413 of the Insolvency Law, the payments to all holders of the mortgage-backed bonds issued would be made on a pro-rata basis, irrespective of the issue dates of the bonds. If the same credit or loan is subject to the payment of bonds and a mortgage bond issue, it will be paid first to the holders of the bonds. The outstanding mortgage-backed bonds issued by Grupo Santander totalled EUR 23,197 million at 31 December 2021 (all of which were denominated in euros), of which EUR 22,747 million were issued by Banco Santander, S.A (with an outstanding face value of EUR 22,266 million), and EUR 450 million were issued by Santander Consumer Finance, S.A. The issues outstanding at 31 December 2021 and 2020 are detailed in the separate financial statements of each of these companies. Mortgage-backed bond issuers have an early redemption option for the purpose of complying with the limits on the volume of outstanding mortgage-backed bonds stipulated by mortgage market regulations. In addition, the issuing entity may advance the mortgage-backed bonds, if this has been expressly established in the final conditions of the issue in question and under the conditions set out therein. None of the mortgage-backed bonds issued by the Group entities had replacement assets assigned to them. |
Subordinated liabilities
Subordinated liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Subordinated liabilities [abstract] | |
Subordinated liabilities | Subordinated liabilities a) Breakdown The detail, by currency of issue, of Subordinated liabilities, deposits and marketable debt securities, in the consolidated balance sheets is as follows: 2021 EUR million Outstanding issue amount in foreign currency (million) Annual interest rate (%) Currency of issue 2021 2020 2019 Euro 13,857 13,570 12,542 13,857 3.52% US dollar 8,236 5,991 6,506 9,328 4.92% Pound sterling 1,535 565 655 1,289 4.36% Brazilian real 879 — — 5,555 9.65% Other currencies 1,689 1,754 1,359 Balance at end of year 26,196 21,880 21,062 Note 50 contains a detail of the residual maturity periods of subordinated liabilities at each year-end. b) Changes The movement in the balance of subordinated liabilities in the last three years were as follows: EUR million 2021 2020 2019 Balance at beginning of year 21,880 21,062 23,820 Net inclusion of entities in the Group (note 3) — — — Placements 5,340 4,075 1,090 Of which: Banco Santander, S.A. 4,469 3,722 1,056 Banco Santander (Brasil) S.A. 871 — — Banco Santander - Chile — 353 — PSA Bank Deutschland GmbH — — 23 Banca PSA Italia S.p.a. — — 11 Net redemptions and repurchases* (1,500) (2,838) (4,009) Of which: Banco Santander, S.A. (1,500) (1,671) (3,782) Santander UK plc — (740) (16) Santander UK Group Holdings plc — (316) — Santander Bank, National Association — (111) (19) Banco Santander (Brasil) S.A. — — (124) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México — — (69) Exchange differences and other movements 476 (419) 161 Balance at end of year 26,196 21,880 21,062 * The balance rel ating to issuances, redemptions and repurchases (E UR 3,840 million), together with the interest paid in remuner ation of these issuances including PPCC (EUR 1,184 million), is included in the cash flow from financing activities. c) Other disclosures This caption includes contingent convertible or redeemable preferred participations, as well as other subordinated financial instruments issued by consolidated companies, which do not qualify as equity (preferred shares). Preferred shares do not have voting rights and are non-cumulative. They have been subscribed by third parties outside the Group, and except for the issues of Santander UK plc, the rest are redeemable by decision of the issuer, according to the terms of each issue. Banco Santander's contingently convertible preferred participations are subordinated debentures and rank after common creditors and any other subordinated credit that by law and/or by their terms, to the extent permitted by Spanish law, ranks higher than the contingently convertible preferred participations. Their remuneration is conditioned to the obtainment of sufficient distributable profits, and to the limitations imposed by the regulations on shareholders' equity, and they have no voting rights. The other issues of Banco Santander, S.A. mentioned in this caption are also subordinated debentures and, for credit ranking purposes, they rank behind all the common creditors of the issuing entities and ahead of any other subordinated credit that ranks pari passu with the Bank's contingently convertible preferred participations. The main issues of subordinated debt securities issued, broken down by company, are detailed below: Issues by Banco Santander, S.A. At 22 November 2021, Banco Santander, S.A. issued subordinated debentures for a term of eleven years, with a redemption option on the tenth anniversary of the issue date, in the amount of USD 1,000 million (EUR 1,007 million at the exchange rate on the day of issue). The issue bears interest at an annual rate of 3.225%, payable semi-annually, for the first ten years (then repricing at a margin of 160 points over the one-year U.S. government bond). At 4 October 2021, Banco Santander, S.A. issued subordinated debentures for a term of eleven years, with a redemption option on the sixth anniversary of the issue date, amounting to GBP 850 million (EUR 887 million at the exchange rate on the day of issue). The issue bears interest at an annual rate of 2.25%, payable annually for the first six years (then repricing at a margin of 165 points over the 5-year UK government bond). At 21 September 2021, Banco Santander, S.A. carried out a placement of preferential shares contingently convertible into newly issued ordinary shares of the Bank ('PPCC') for a nominal amount of EUR 1,000 million (issue placed on the market EUR 997 million). The issuance has been carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, has been set at 3.625% per year for the first eight At 11 September 2021, Banco Santander, S.A. proceeded to redeem early and voluntarily the entire issue made on 11 September 2014 of tier 1 contingently convertible preference shares (PPCC) with ISIN code XS110729154 which are traded in the Irish Stock Exchange Market 'Global Exchange Market', for a total nominal amount of EUR 1,500 million . At 12 May 2021, Banco Santander placed the issue of preference shares contingently convertible into newly issued ordinary shares of the Bank, previously announced, for a total nominal amount of EUR 1,578 million, issued in a Series in Dollars of USD 1,000 million (EUR 828 million at the exchange rate on the day of issue) and a Series in Euros for an amount of EUR 750 million. The issuance is carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, has been set (i) for the Series in Dollars at 4.750% per annum for the first six years, being revised every five years applying a margin of 375.3 basis points over the 5-year UST rate and (ii) for the Series in Euros by 4.125% per annum for the first seven years, being revised every five years applying a margin of 431.1 basis points over the applicable 5-year euro mid-swap. At 3 December 2020, Banco Santander, S.A. issued subordinated debentures with a ten-year term of USD 1,500 million (EUR 1,222 million at the date of issue). The issue bears interest at an annual rate of 2.749%, payable semiannually. At 22 October 2020, it carried out a ten-year subordinated debenture issue for an amount of EUR 1,000 million. The issue bears interest at an annual rate of 1.625%, payable annually. At 12 March 2020, it proceeded to redeem early and voluntarily the entire outstanding issue of Tier 1 Contingently Convertible Preferred Participations Series I/2014, for a total nominal amount of EUR 1,500 million. At 14 January 2020, it carried out a placement of contingently convertible preferred participations into newly issued ordinary shares of the Bank (the 'PPCCs'), excluding the pre-emptive subscription rights of its shareholders and for a nominal amount of EUR 1,500 million (the 'Issue' and the 'PPCCs'). The Issue was made at par and the remuneration of the PPCCs, the payment of which is subject to certain conditions and is also discretionary, was set at 4.375% per annum for the first six years, revised every five years thereafter by applying a margin of 453.4 basis points over the 5-year Mid-Swap Rate (5-year Mid-Swap Rate). At 19 May 2019, the voluntary early redemption of the preferred shares relating to the second issue made on 9 May 2014 (code ISIN XS1066553329) was communicated for an amount of USD 1,500 million (EUR 1,345 million) at the redemption date. At 8 February 2019, Banco Santander, S.A, carried out an issue of PPCC for a nominal amount of USD 1,200 million (EUR 1,056 million). The remuneration of the issues whose payment is subject to certain conditions and is also discretionary was set at 7.50% per annum, for the first five years (revised thereafter by applying a margin of 498.9 points over the mid-swap rate). At 19 March 2018, a 'PPCC' issue was carried out, for a nominal amount of EUR 1,500 million. The remuneration of the issue, the payment of which is subject to certain conditions and is also discretionary, was set at 4.75% per annum, payable quarterly, for the first seven years (revised thereafter by applying a margin of 410 basis points over the Mid-swap rate). At 8 February 2018, a 10-year subordinated debenture issue of EUR 1,250 million was carried out. The issue accrues annual interest of 2.125% payable annually. At 25 April and 29 September 2017, Banco Santander, S.A. carried out issues of 'PPCCs', for a nominal amount of EUR 750 million, and EUR 1,000 million respectively. The remuneration of the PPCCs, the payment of which is subject to certain conditions and is also discretionary, was set at 6.75% per annum for the first five years (revised thereafter by applying a margin of 680.3 basis points over the 5-year Mid-Swap Rate) for the issue disbursed in April, at 5.25% per annum for the first six years (revised thereafter by applying a margin of 499.9 basis points over the 5 years Mid-Swap Rate) for the issue disbursed in September.) Issues by Banco Santander - Chile In June 2020, Banco Santander - Chile issued subordinated debentures for a term of fifteen years, in the amount of UF 5 million (equivalent to USD 185 million). The issue bears annual interest at 3.5%. In April 2020, Banco Santander - Chile issued two subordinated debentures, the first for a term of fourteen years, for an amount of UF 3 million (equivalent to USD 100 million), bearing annual interest at 3%, and the second for a term of nineteen years, for an amount of UF 3 million (equivalent to USD 100 million), bearing annual interest at 3.15%. Issues Banco Santander (Brasil) S.A. At the end of November 2021, Banco Santander (Brasil) S.A. carried out an issue of Subordinated Financial Bills (TIER II) in its local market for a 10-year term, with a repurchase option as of the fifth anniversary of the issue date, in the amount of BRL 5,500 million. The issue price was CDI +2% per annum, payable at maturity. On 29 January 2014 Banco Santander (Brasil) S.A. issued Tier 1 perpetual subordinated notes for a nominal amount of USD 1,248 million and the Group acquired 89.6% of the issue. The notes are perpetual and would be converted into common shares of Banco Santander (Brasil) S.A. if the common equity Tier 1 ratio, calculated as established by the Central Bank of Brazil, were lower than 5.125%. This issue was fully redeemed in fiscal year 2019. Issues by Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México At 1 October 2018, a ten-year subordinated debenture issue was made by Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México for a nominal amount of USD 1,300 million and at an interest rate of 5.95%, with the group having acquired 75% of the issue. Additionally, at 30 December 2016, a nominal amount of USD 500 million was made, with the Group having acquired 88.2% of the issue. The perpetual debentures are automatically converted into shares when the Regulatory Capital Ratio (CET1) is equal to or less than 5.125% at the conversion price. Issues by Santander Bank Polska S.A. At 20 April 2018, Santander Bank Polska S.A. carried out a ten-year subordinated debenture issue with a redemption option on the fifth anniversary of the issue date in the amount of PLN 1,000 million. The issue bears floating interest at Wibor (6M) + 160 basis points payable semi-annually. The accrued interests from the subordinated liabilities during 2021 amounted to EUR 648 million (EUR 571 million and EUR 645 million during 2020 and 2019, respectively). In addition, interests from the PPCC during 2021 amounted to EUR 566 million (EUR 552 million and EUR 595 million in 2020 and 2019, respectively). |
Other financial liabilities
Other financial liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Other Financial Liabilities [Abstract] | |
Other financial liabilities | Other financial liabilities The detail of Other financial liabilities in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Trade payables 1,475 1,177 1,279 Clearing houses 650 599 165 Tax collection accounts: Public Institutions 5,315 4,122 4,122 Factoring accounts payable 275 222 409 Unsettled financial transactions 3,779 5,080 3,693 Lease liabilities (note 2.l) 2,856 3,049 5,108 Other financial liabilities 15,523 12,719 15,459 29,873 26,968 30,235 Note 50 contains a detail of the residual maturity periods of other financial liabilities at each year-end. Lease liabilities The cash outflow of leases in 2021 was EUR 715 million (EUR 789 and EUR 946 million in 2020 and 2019, respectively). The analysis of the maturities of lease liabilities at December 2021, 2020 and 2019 is shown below: EUR million 2021 2020 2019 Maturity Analysis - Discounted payments Within 1 year 690 594 766 Between 1 and 3 years 933 981 1,254 Between 3 and 5 years 534 637 875 Later than 5 years 699 837 2,213 Total discounted payments at the end of the year 2,856 3,049 5,108 |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of provision matrix [abstract] | |
Provisions | Provisions a) Breakdown The detail of Provisions in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Provision for pensions and other obligations post-employments 3,185 3,976 6,358 Other long term employee benefits 1,242 1,751 1,382 Provisions for taxes and other legal contingencies 1,996 2,200 3,057 Provisions for contingent liabilities and commitments (note 2) 733 700 739 Other provisions 2,427 2,225 2,451 Provisions 9,583 10,852 13,987 b) Changes The changes in 'Provisions' in the last three years were as follows: EUR million 2021 Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Balances at beginning of year 3,976 1,751 700 4,425 10,852 Additions charged to income 100 101 29 2,748 2,978 Interest expense (note 39) 78 13 — — 91 Staff costs (note 47) 67 6 — — 73 Provisions or reversion of provisions (45) 82 29 2,748 2,814 Addition 21 154 473 3,065 3,713 Release (66) (72) (444) (317) (899) Other additions arising from insurance contracts linked to pensions (8) — — — (8) Changes in value recognised in equity (1,705) — — — (1,705) Payments to pensioners and pre-retirees with a charge to internal provisions (201) (605) — — (806) Payments to external funds (440) — — — (440) Amounts used — — — (2,961) (2,961) Transfer, exchange differences and other changes 1,463 (5) 4 211 1,673 Balances at end of year 3,185 1,242 733 4,423 9,583 EUR million 2020 2019 Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Balances at beginning of year 6,358 1,382 739 5,508 13,987 5,558 1,239 779 5,649 13,225 Incorporation of Group companies, net (5) — (1) (2) (8) — (1) — — (1) Additions charged to income (217) 782 50 1,934 2,549 173 729 (31) 2,836 3,707 Interest expense (note 39) 84 11 — — 95 128 17 — — 145 Staff costs (note 47) 69 7 — — 76 65 7 — — 72 Provisions or reversion of provisions (370) 764 50 1,934 2,378 (20) 705 (31) 2,836 3,490 Addition 6 787 490 2,258 3,541 10 713 422 4,276 5,421 Release (376) (23) (440) (324) (1,163) (30) (8) (453) (1,440) (1,931) Other additions arising from insurance contracts linked to pensions 2 — — — 2 4 — — — 4 Changes in value recognised in equity 547 — — — 547 1,520 — — — 1,520 Payments to pensioners and pre-retirees with a charge to internal provisions (303) (408) — — (711) (331) (612) — — (943) Benefits paid due to settlements (1,551) — — — (1,551) — — — — — Insurance premiums paid (1) — — — (1) (1) — — — (1) Payments to external funds (333) — — — (333) (455) — — — (455) Amounts used — — — (2,485) (2,485) — — — (2,907) (2,907) Transfer, exchange differences and other changes (521) (5) (88) (530) (1,144) (110) 27 (9) (70) (162) Balances at end of year 3,976 1,751 700 4,425 10,852 6,358 1,382 739 5,508 13,987 c) Provision for pensions and other obligations post –employments and Other long term employee benefits The detail of Provisions for pensions and similar obligations is as follows: EUR million 2021 2020 2019 Provisions for post-employment plans - Spanish entities 1,709 1,881 3,951 Provisions for other similar obligations - Spanish entities 1,188 1,695 1,321 Of which pre-retirements 1,176 1,676 1,303 Provisions for post-employment plans - United Kingdom 44 449 329 Provisions for post-employment plans - Other subsidiaries 1,432 1,646 2,078 Provisions for other similar obligations - Other subsidiaries 54 56 61 Provision for pensions and other obligations post -employments and Other long term employee benefits 4,427 5,727 7,740 Of which defined benefits 4,419 5,719 7,731 i. Spanish entities - Post-employment plans and other similar obligations At 31 December 2021, 2020 and 2019, the Spanish entities had post-employment benefit obligations under defined contribution and defined benefit plans. In addition, in various years some of the consolidated entities offered certain of their employees the possibility of taking pre-retirement and, therefore, provisions are recognised each year for the obligations to employees taking pre-retirement -in terms of salaries and other employee benefit costs- from the date of their pre-retirement to the agreed end date. In 2019, the provisions accounted for benefit plans and contribution commitments were EUR 688 million. In December 2020, Banco Santander reached an agreement with the workers' representatives to implement an early retirement and incentivized dismissals plan, which was expected to benefit 3,572 employees during 2021, constituting a provision to cover these commitments amounting to EUR 688 million. In addition to this plan, in 2020, 443 employees took advantage of the offer of early retirement and incentivized dismissals, increasing the provision made to cover these commitments to EUR 84 million. In 2021, due to the increase in the number of employees covered by the plan, a provision of EUR 139 million has been recognised. In December 2019 Banco Santander reached an agreement with the workers' representatives to offer during 2020 to part of its passive personnel, the possibility of receiving the pensionable rights derived from the collective bargaining agreement in the form of a single consideration or divided into a maximum of 5 equal annuities. The proposal was also extended to personnel with pensionable rights recognized under individual contracts or agreements. The number of beneficiaries who exercised the voluntary option of accepting the substitution of the life annuity for the payment of a lump sum in the form of a capital sum or in instalments of a maximum of 5 annuities amounted to 15,613 people. The effect of the reduction of the aforementioned commitments is shown in the tables below under the headings 'Benefits paid in settlement' in the amount of EUR 1,551 million and 'Effect of reduction/settlement' in the amount of EUR 362 million. On 8 July 2021, Banco Santander reached an agreement with the employee representatives for the transformation of defined benefit pension commitments into defined contributions for certain retired personnel from Banco Popular and Banco Pastor. Through the aforementioned Collective Agreement, it was agreed to carry out an offer to replace the life annuities that the passive personnel included in the scope of application of said Collective Agreement had been receiving, for a capitalization fund in the Santander Employees pension plan. The number of beneficiaries who exercised the voluntary option to accept the substitution of the life annuity for a capitalization fund in the Santander Employees pension plan amounted to 1,468 people. The effect of the reduction of the aforementioned commitments is shown in the tables below under the headings 'Benefits paid by settlement' amounting to EUR 166 million and 'Effect reduction / settlement' amounting to EUR 36 million. The expenses incurred by the Spanish companies in 2021, 2020 and 2019 in respect of contributions to defined contribution plans amounted to EUR 91 million, EUR 89 million and EUR 89 million, respectively. The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques. 1. Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately. 2. Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows: Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Annual discount rate 0.90 % 0.60 % 0.80 % 0.90 % 0.60 % 0.80 % Mortality tables PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PERM/F-2000 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PERM/F-2000 Cumulative annual CPI growth 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % Annual salary increase rate 1.25%* 1.25%* 1.25%* N/A N/A N/A Annual social security pension increase rate 1.00 % 1.00 % 1.00 % N/A N/A N/A Annual benefit increase rate N/A N/A N/A 0 % 0 % 0 % * Corresponds to the group’s defined-benefit obligations. The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in euros) matching the durations of the commitments. From the bond portfolio considered, callable, putable and sinkable bonds, which could distort the rates, are excluded. Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2021, if the discount rate used had been decreased or increased by 50 basis points (bp), there would have been an increase or decrease in the present value of the post-employment obligations of 5.00% (-50 bp) to -5.06% (+50 bp),respectively, and an increase or decrease in the present value of the long-term obligations of 1.18% (-50 bp) to -1.18% (+50 bp), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets and insurance contracts linked to pensions. 3. The estimated retirement age of each employee is the first at which the employee is entitled to retire or the agreed-upon age, as appropriate. The fair value of insurance contracts was determined as the present value of the related payment obligations, taking into account the following assumptions: Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Expected rate of return on plan assets 0.90 % 0.60 % 0.80 % 0.90 % 0.60 % 0.80 % Expected rate of return on reimbursement rights 0.90 % 0.60 % 0.80 % N/A N/A N/A The funding status of the defined benefit obligations in 2021 and the two preceding years is as follows: EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Present value of the obligations To current employees 29 60 59 — — — Vested obligations to retired employees 2,797 3,318 5,393 — — — To pre-retirees employees — — — 1,186 1,688 1,317 Long-service bonuses and other benefits — — — 12 18 18 Other 65 41 42 — 1 — 2,891 3,419 5,494 1,198 1,707 1,335 Less - Fair value of plan assets 1,217 1,542 1,547 10 12 14 Provisions - Provisions for pensions 1,674 1,877 3,947 1,188 1,695 1,321 Of which: Internal provisions for pensions 1,560 1,707 3,759 1,188 1,695 1,321 Net pension assets (30) — — — — — Insurance contracts linked to pensions (note 14) 149 174 192 — — — Unrecognised net assets for pensions (5) (4) (4) — — — The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Current service cost 5 10 12 1 1 1 Interest cost (net) 24 26 53 11 9 15 Expected return on insurance contracts linked to pensions (1) (1) (2) — — — Provisions or reversion of provisions Actuarial (gains)/losses recognised in the year — — — (15) (3) 7 Past service cost 13 2 3 — — 1 Pre-retirement cost — — 1 139 772 687 Other* (39) (372) (29) (55) (15) (2) 2 (335) 38 81 764 709 *Including reduction/settlement effect In addition, in 2021 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' has decreased by EUR 37 million with respect to defined benefit obligations (increase of EUR 84 and EUR 278 million in 2020 and 2019, respectively). The changes in the present value of the accrued defined benefit obligations were as follows: EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Present value of the obligations at beginning of year 3,419 5,494 5,427 1,707 1,335 1,204 Incorporation of Group companies, net 6 — — — — (1) Current service cost 5 10 12 1 1 1 Interest cost 36 39 72 11 9 15 Pre-retirement cost — — 1 139 772 687 Effect of curtailment/settlement (61) (372) (29) (55) (15) (2) Benefits paid (248) (359) (400) (589) (392) (599) Benefits paid due to settlements (166) (1,551) — — — — Past service cost 13 2 3 — — 1 Actuarial (gains)/losses (121) 163 407 (15) (3) 7 Demographic actuarial (gains)/losses 9 91 15 (8) (8) (9) Financial actuarial (gains)/losses (130) 72 392 (7) 5 16 Exchange differences and other items 8 (7) 1 (1) — 22 Present value of the obligations at end of year 2,891 3,419 5,494 1,198 1,707 1,335 The changes in the fair value of plan assets and of insurance contracts linked to pensions were as follows: Plan Assets EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Fair value of plan assets at beginning of year 1,542 1,547 1,500 12 14 15 Incorporation of Group companies, net 6 — — — — — Expected return on plan assets 12 13 19 — — — Gains/(losses) on settlements (22) — — — — — Benefits paid (263) (94) (108) (2) (2) (2) Contributions/(surrenders) 15 5 8 — — — Actuarial gains/(losses) (76) 76 128 — — — Exchange differences and other items 3 (5) — — — 1 Fair value of plan assets at end of year 1,217 1,542 1,547 10 12 14 Insurance Contracts linked to pensions EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Fair value of insurance contracts linked to pensions at beginning of year 174 192 210 — — — Incorporation of Group companies, net — — — — — — Expected return on insurance contracts linked to pensions 1 1 2 — — — Benefits paid (19) (21) (24) — — — Paid premiums 1 — — — — — Actuarial gains/(losses) (8) 2 4 — — — Fair value of insurance contracts linked to pensions at end of year 149 174 192 — — — In view of the conversion of the defined-benefit obligations to defined-contribution obligations, the Group has not made material current contributions in Spain in 2021 to fund its defined-benefit pension obligations. The plan assets and the insurance contracts linked to pensions are instrumented mainly through insurance policies. The following table shows the estimated benefits payable at 31 December 2021 for the next ten years: EUR million 2022 606 2023 466 2024 402 2025 333 2026 284 2027 to 2031 904 ii. United Kingdom At the end of each of the last three years, the businesses in the United Kingdom had post-employment benefit obligations under defined contribution and defined benefit plans. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR 89 million in 2021 (EUR 91 million in 2020 and EUR 93 million in 2019). The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques: 1. Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately. 2. Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows: 2021 2020 2019 Annual discount rate 1.90% 1.28% 2.11% Mortality tables The S3 Middle The S3 Middle The S3 Middle Cumulative annual CPI growth 3.37% 2.95% 3.01% Annual salary increase rate 1.00% 1.00% 1.00% Annual pension increase rate 3.21% 2.85% 2.91% The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in pounds sterling) that coincide with the terms of the obligations. Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2021, if the discount rate used had been decreased or increased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 9.74% (-50 bp) and -8.67% (+50 bp), respectively. If the inflation assumption had been increased or decreased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 6.19% (+50 bp) and -6.00% (-50 bp), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets. The funding status of the defined benefit obligations in 2021 and the two preceding years is as follows: EUR million 2021 2020 2019 Present value of the obligations 15,392 15,472 14,297 Less- Fair value of plan assets 17,244 15,575 14,755 Provisions - Provisions for pensions (1,852) (103) (458) Of which: Internal provisions for pensions 44 449 329 Net assets for pensions (1,896) (552) (787) The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: EUR million 2021 2020 2019 Current service cost 33 30 27 Interest cost (net) (6) (12) (24) Provisions or reversal of provisions, net Cost of services provided 6 — — Others — (1) — 33 17 3 In addition, in 2021 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' decreased by EUR 1,475 million with respect to defined benefit obligations (increase of EUR 568 million and decrease of EUR 601 million at 31 December 2020 and 2019, respectively). The changes in the present value of the accrued defined benefit obligations were as follows: EUR million 2021 2020 2019 Present value of the obligations at beginning of year 15,472 14,297 12,079 Current service cost 33 30 27 Interest cost 219 284 352 Benefits paid (465) (445) (441) Contributions made by employees 18 17 18 Past service cost 6 — — Actuarial (gains)/losses (933) 2,060 1,594 Demographic actuarial (gains)/losses (17) 34 48 Financial actuarial (gains)/losses (916) 2,026 1,546 Exchange differences and other items 1,042 (771) 668 Present value of the obligations at end of year 15,392 15,472 14,297 The changes in the fair value of the plan assets were as follows: EUR million 2021 2020 2019 Fair value of plan assets at beginning of year 15,575 14,755 12,887 Expected return on plan assets 225 296 376 Benefits paid (463) (443) (441) Contributions 285 274 244 Actuarial gains/(losses) 541 1,492 993 Exchange differences and other items 1,081 (799) 696 Fair value of plan assets at end of year 17,244 15,575 14,755 In 2022 the Group expects to make current contributions to fund these obligations for amounts similar to those made in 2021. The main categories of plan assets as a percentage of total plan assets are as follows: 2021 2020 2019 Equity instruments 10 % 9 % 12 % Debt instruments 51 % 55 % 46 % Properties 10 % 10 % 11 % Other 29 % 26 % 31 % The following table shows the estimated benefits payable at 31 December 2021 for the next ten years: EUR million 2022 462 2023 367 2024 393 2025 408 2026 433 2027 to 2031 2,481 iii. Other foreign subsidiaries Certain of the consolidated foreign entities have acquired commitments to their employees similar to post-employment benefits. At 31 December 2021, 2020 and 2019, these entities had defined-contribution and defined-benefit post-employment benefit obligations. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR 106 million in 2021 (EUR 103 million at 31 December 2020 and EUR 110 million at 31 December 2019). The actuarial assumptions used by these entities (discount rates, mortality tables and cumulative annual CPI growth) are consistent with the economic and social conditions prevailing in the countries in which they are located. Specifically, the discount rate used for the flows was determined by reference to high-quality corporate bonds, except in the case of Brazil where there is no extensive corporate bond market and, accordingly the discount rate was determined by reference to the series B bonds issued by the Brazilian National Treasury Secretariat for a term coinciding with that of the obligations. In Brazil the discount rate used was between 8.39% and 8.44%, the CPI 3.00% and the mortality table the AT - 2000 Basic. Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2021, if the discount rate used had been decreased or increased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 4.78% and -4.40%, respectively. These changes would be offset in part by increases or decreases in the fair value of the assets. The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2021 and the two preceding years is as follows: EUR million 2021 Of which business in Brazil 2020 2019 Present value of the obligations 8,018 5,111 8,434 10,717 Less- Of which: with a charge to the participants 106 106 112 176 Fair value of plan assets 7,167 5,288 7,182 8,826 Provisions - Provisions for pensions 745 (283) 1,140 1,715 Of which: Internal provisions for pensions 1,478 432 1,694 2,129 Net assets for pensions (64) (46) (83) (116) Unrecognised net assets for pensions (669) (669) (471) (298) The amounts recognised in the consolidated income statements in relation to these obligations are as follows: EUR million 2021 2020 2019 Current service cost 34 35 32 Interest cost (net) 62 72 101 Provisions or reversion of provisions (Actuarial gains)/losses recognised in the year 11 11 12 Past service cost 3 5 6 Pre-retirement cost (24) — — Other (3) (5) (1) 83 118 150 In addition, in 2021 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' decreased by EUR 193 million with respect to defined benefit obligations (decreased EUR 105 million and increased EUR 641 million in 2020 and 2019, respectively). The changes in the present value of the accrued obligations were as follows: EUR million 2021 2020 2019 Present value of the obligations at beginning of year 8,434 10,717 9,116 Incorporation of Group companies, net (5) (84) — Current service cost 34 35 32 Interest cost 429 465 651 Pre-retirement cost (24) — — Effect of curtailment/settlement (3) (5) (1) Benefits paid (538) (544) (666) Contributions made by employees 3 3 5 Past service cost 3 5 6 Actuarial (gains)/losses (486) 176 1,652 Demographic actuarial (gains)/losses 16 23 3 Financial actuarial (gains)/losses (502) 153 1,649 Exchange differences and other items 171 (2,334) (78) Present value of the obligations 8,018 8,434 10,717 The changes in the fair value of the plan assets were as follows: EUR million 2021 2020 2019 Fair value of plan assets at beginning of year 7,182 8,826 7,743 Incorporation of Group companies, net (6) (86) — Expected return on plan assets 411 410 573 Benefits paid (478) (488) (613) Contributions 152 63 214 Actuarial gains/(losses) (155) 536 1,021 Exchange differences and other items 61 (2,079) (112) Fair value of plan assets at end of year 7,167 7,182 8,826 In 2022 the Group expects to make contributions to fund these obligations for amounts similar to those made in 2021. The main categories of plan assets as a percentage of total plan assets are as follows: 2021 2020 2019 Equity instruments 12 % 11% 8% Debt instruments 83 % 84% 84% Properties 1 % 1% 1% Other 4 % 4% 7% The following table shows the estimated benefits payable at 31 December 2021 for the next ten years: EUR million 2022 538 2023 544 2024 550 2025 555 2026 560 2027 to 2031 2,870 d) Provisions for taxes and other legal contingencies and Other provisions 'Provisions - Provisions for taxes and other legal contingencies' and 'Provisions - Other provisions', which include, inter alia, provisions for restructuring costs and tax-related and non-tax-related proceedings, were estimated using prudent calculation procedures in keeping with the uncertainty inherent to the obligations covered. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, these obligations have no fixed settlement period and, in other cases, depend on the legal proceedings in progress. The detail, by geographical area, of Provisions for taxes and other legal contingencies and Other provisions is as follows: EUR million 2021 2020 2019 Recognised by Spanish companies 1,595 1,647 1,381 Recognised by other EU companies 779 539 1,100 Recognised by other companies 2,049 2,239 3,027 Of which: Brazil 1,339 1,475 2,484 4,423 4,425 5,508 Set forth below is the detail, by type of provision, of the balance at 31 December 2021, 2020 and 2019 of Provisions for taxes and other legal contingencies and Other provisions. The types of provision were determined by grouping together items of a similar nature: EUR million 2021 2020 2019 Provisions for taxes 564 600 759 Provisions for employment-related proceedings (Brazil) 328 437 776 Provisions for other legal proceedings 1,104 1,163 1,522 Provision for customer remediation 745 395 725 Regulatory framework-related provisions 36 69 67 Provision for restructuring 749 810 641 Other 897 951 1,018 4,423 4,425 5,508 Relevant information is set forth below in relation to each type of provision shown in the preceding table: The provisions for taxes include provisions for tax-related proceedings. The provisions for employment-related proceedings (Brazil) relate to claims filed by trade unions, associations, the prosecutor’s office and ex-employees claiming employment rights to which, in their view, they are entitled, particularly the payment of overtime and other employment rights, including litigation concerning retirement benefits. The number and nature of these proceedings, which are common for banks in Brazil, justify the classification of these provisions in a separate category or as a separate type from the rest. The Group calculates the provisions associated with these claims in accordance with past experience of payments made in relation to claims for similar items. When claims do not fall within these categories, a case-by-case assessment is performed and the amount of the provision is calculated in accordance with the status of each proceeding and the risk assessment carried out by the legal advisers. The provisions for other legal proceedings include provisions for court, arbitration or administrative proceedings (other than those included in other categories or types of provisions disclosed separately) brought against Santander Group companies. The provisions for customer remediation include mainly the estimated cost of payments to remedy errors relating to the sale of certain products in the UK, as well as the impact of Swiss franc (CHF) mortgage portfolios in Poland and the estimated amount related to the floor clauses of Banco Popular Español, S.A.U. To calculate the provision for customer remediation, the best estimate of the provision made by management is used, which is based on the estimated number of claims to be received and, of these, the number that will be accepted, as well as the estimated average payment per case. The regulatory framework-related provisions include mainly the provisions relating to the FSCS (Financial Services Compensation Scheme), the Bank Levy in the UK and in Poland the provision related to the Banking Tax. The provisions for restructuring include only the costs arising from restructuring processes carried out by the various Group companies. Lastly, the 'Other' heading contains very atomized and individually insignificant provisions, such as the provisions to cover the operational risk. Qualitative information on the main litigation is provided in note 25.e to the consolidated financial statements. The group's general policy is to record provisions for tax and legal proceedings in which we assess the chances of loss to be probable and we do not record provisions when the chances of loss are possible or remote. We determine the amounts to be provided for as our best estimate of the expenditure required to settle the corresponding claim based, among other factors, on a case-by-case analysis of the facts and the legal opinion of internal and external counsel or by considering the historical average amount of the loss incurred in claims of the same nature. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, the obligations do not have a fixed settlement term and, in others, they depend on legal proceedings in progress. The main movements during the 2021 of the breakdown provisions are shown below: With respect to provisions for labor and other legal proceedings, in Brazil, provisions of EUR 155 million and EUR 168 million were recorded, making payments of EUR 289 million and EUR 205 million, respectively. With respect to provisions for customer compensation an amount of EUR 319 million was provided in Poland to cover the CHF mortgage portfolio in the year. On the regulatory framework side, EUR 69 million was provisioned in the United Kingdom and a utilization of EUR 104 million was made in the year (Bank Levy). In addition, in Poland, EUR 131 million were recorded under the regulatory framework and paid during the year. In addition, the restructuring provision includes provisions of EUR 598 million mainly in the UK and Portugal, as well as the payments made by the Group during the year. e) Litigation and other matters i. Tax-related litigation At 31 December 2021 the main tax-related proceedings concerning the Group were as follows: • Legal actions filed by Banco Santander (Brasil) S.A. and other Group entities to avoid the application of Law 9.718/98, which modifies the basis to calculate PIS and COFINS social contribution, extending it to all the entities income, and not only to the income from the provision of services. In relation of Banco Santander (Brasil) S.A. process, in May 2015 the Federal Supreme Court (FSC) admitted the extraordinary appeal filed by the Federal Union regarding PIS, and dismissed the extraordinary appeal lodged by the Brazilian Public Prosecutor's Office regarding COFINS contribution, confirming the decision of Federal Regional Court favourable to Banco Santander (Brasil) S.A. of August 2007. The appeals filed by the other entities before the Federal Supreme Court, both for PIS and COFINS, are still pending. These claims are fully provisioned. • Banco Santander (Brasil) S.A. and other Group companies in Brazil have appealed against the assessments issued by the Brazilian tax authorities questioning the deduction of loan losses in their income tax returns (IRPJ and CSLL) in relation to different administrative processes of various years on the ground that the requirements under the applicable legislation were not met. The appeals are pending decision in CARF. No provision was recognised in connection with the amount considered to be a contingent liability. • Banco Santander (Brasil) S.A. and other Group companies in Brazil are involved in administrative and legal proceedings against several municipalities that demand payment of the Service Tax on certain items of income from transactions not classified as provisions of services. There are several cases in different judicial instances. A provision was recognised in connection with the amount of the estimated loss. • Banco Santander (Brasil) S.A. and other Group companies in Brazil are involved in administrative and legal proceedings against the tax authorities in connection with the taxation for social security purposes of certain items which are not considered to be employee remuneration. There are several cases in different judicial instances. A provision was recognised in connection with the amount of the estimated loss. • In May 2003 the Brazilian tax authorities issued separate infringement notices against Santander Distribuidora de Títulos e Valores Mobiliarios, Ltda. (DTVM, actually Santander Brasil Tecnología S.A.) and Banco Santander (Brasil) S.A. in relation to the Provisional Tax on Financial Movements (CPMF) of the years 2000 to 2002. The administrative discussion ended unfavourably for both companies, and on July 3, 2015, filed a lawsuit requesting the cancellation of both tax assessments. The lawsuit was judged unfavourably in first instance. Therefore, both plaintiffs appealed to the court of second instance. On December 2020, the appeal was decided unfavourably. Against the judgment, the bank filed a motion for clarification which has not been accepted. Currently it is appealed to higher courts. There is a provision recognized for the estimated loss. • In December 2010 the Brazilian tax authorities issued an infringement notice against Santander Seguros S.A. (Brazil), currently Zurich Santander Brasil Seguros e Previdência S.A., as the successor by merger to ABN AMRO Brasil dois Participações S.A., in relation to income tax (IRPJ and CSLL) for 2005, questioning the tax treatment applied to a sale of shares of Real Segur |
Other liabilities
Other liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Miscellaneous liabilities [abstract] | |
Other liabilities | Other liabilities The detail of Other liabilities in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Transactions in transit 545 498 663 Accrued expenses and deferred income 7,084 6,309 6,909 Other 5,069 5,529 5,220 12,698 12,336 12,792 |
Tax matters
Tax matters | 12 Months Ended |
Dec. 31, 2021 | |
Major components of tax expense (income) [abstract] | |
Tax matters | Tax matters a) Consolidated Tax Group Pursuant to current legislation, the Consolidated Tax Group includes Banco Santander, S.A. (as the parent) and the Spanish subsidiaries that meet the requirements provided for in Spanish legislation regulating the taxation of the consolidated profits of corporate groups (as the controlled entities). The other Group companies file income tax return in accordance with the tax regulations applicable to them. b) Years open for review by the tax authorities In June and November 2021 acts with agreement, conformity and non-conformity relating to the corporate income tax financial years 2012 to 2015 were formalised. The adjustments signed in conformity and with agreement had not impact on results and, in relation to the concepts signed in disconformity both in this year and in previous years (corporate income tax 2003 to 2011), Banco Santander, S.A., as the Parent of the Consolidated Tax Group, considers, in accordance with the advice of its external lawyers, that the adjustments made should not have a significant impact on the consolidated financial statements, as there are sound arguments as proof in the appeals filed against them pending at the National Appellate Court (tax years 2003 to 2011) and at different administrative instances (tax years 2012-2015). Consequently, no provision has been recorded for this concept. It should also be noted that, in those cases where it has been considered appropriate, the mechanisms available to avoid international double taxation have been used. At the date of approval of these accounts, the Corporate Income Tax and other taxes audit for periods 2017 to 2019 are ongoing, and subsequent years up to and including 2021, are subject to review. Likewise, relating the Consolidated Tax Group of which Banco Popular Español, S.A.U. was the parent, during 2019, a certificate of disconformity was drawn up for 2017 corporate income tax, with no impact on profit, and the final assessment was appealed. In relation to this Consolidated Tax Group, the years 2016 and 2017 inclusive are subject to review. On 1 January 2018 those entities that were part of the aforementioned Consolidated Tax Group were integrated in the Consolidate Tax Group which parent company is Banco Santander. The other entities have the corresponding years open for review, pursuant to their respective tax regulations. Because of the possible different interpretations which can be made of the tax regulations, the outcome of the tax audits of the rest of years subject to review might give rise to contingent tax liabilities which cannot be objectively quantified. However, the Group’s tax advisers consider that it is unlikely that such tax liabilities will materialize, and that in any event the tax charge arising therefrom would not materially affect the Group’s consolidated financial statements. c) Reconciliation The reconciliation of the income tax expense calculated at the tax rate applicable in Spain (30%) to the income tax expense recognised and the detail of the effective tax rate are as follows: EUR million 2021 2020 2019 Consolidated profit (loss) before tax: From continuing operations 14,547 (2,076) 12,543 From discontinued operations — — — 14,547 (2,076) 12,543 Income tax at tax rate applicable in Spain (30%) 4,364 (623) 3,763 By the effect of application of the various tax rates applicable in each country* 210 362 243 Of which: Brazil 634 560 502 United Kingdom (158) (43) (80) United States (179) (71) (71) Chile (34) (24) (35) Effect of profit or loss of associates and joint ventures (130) 29 (97) Effect of reassessment of deferred taxes 9 2,500 (612) Permanent differences 441 3,364 1,130 Current income tax 4,894 5,632 4,427 Effective tax rate 33.64% — 35.29 % Of which: Continuing operations 4,894 5,632 4,427 Discontinued operations — — — Of which: Current taxes 3,799 4,214 3,962 Deferred taxes 1,095 1,418 465 Income tax (receipts)/payments 4,012 2,946 2,593 * Calculated by applying the difference between the tax rate applicable in Spain and the tax rate applicable in each jurisdiction to the profit or loss contributed to the Group by the entities which operate in each jurisdiction. ** In 2020 and 2019 it includes mainly the impairment of goodwill. d) Tax recognised in equity In addition to the income tax recognised in the consolidated income statement, the Group recognised the following amounts in consolidated equity in 2021, 2020 and 2019: EUR million 2021 2020 2019 Other comprehensive income Items not reclassified to profit or loss (510) (82) 500 Actuarial gains or (-) losses on defined benefit pension plans (530) (165) 499 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (13) 92 (42) Financial liabilities at fair value with changes in results attributable to changes in credit risk 33 (9) 43 Items that may be reclassified to profit or loss 1,136 208 (832) Cash flow hedges 278 5 (17) Changes in the fair value of debt instruments through other comprehensive income 857 195 (811) Other recognised income and expense of investments in subsidiaries, joint ventures and associates 1 8 (4) Total 626 126 (332) e) Deferred taxes 'Tax assets' in the consolidated balance sheets includes debit balances with the Public Treasury relating to deferred tax assets. 'Tax liabilities' includes the liability for the Group’s various deferred tax liabilities. On 26 June 2013, the Basel III legal framework was included in European law through Directive 2013/36 (CRD IV) and Regulation 575/2013 on prudential requirements for credit institutions and investment firms (CRR), directly applicable in every member State as from 1 January 2014, albeit with a gradual timetable with respect to the application of, and compliance with, various requirements. This legislation establishes that deferred tax assets, the use of which relies on future profits being obtained, must be deducted from regulatory capital. In this regard, pursuant to Basel III, in recent years several countries have amended their tax regimes with respect to certain deferred tax assets so that they may continue to be considered regulatory capital since their use does not rely on the future profits of the entities that generate them (referred to hereinafter as 'monetizable tax assets'). Italy had a very similar regime to that described above, which was introduced by Decree-Law no. 225, of 29 December 2010, and amended by Law no. 10, of 26 February 2011. In addition, in 2013 in Brazil, by means of Provisional Measure no. 608, of 28 February 2013, that become Ordinary Law 12838/2013, and, in Spain, through Royal Decree Law 14/2013, of 29 November confirmed by Law 27/2014, of 27 November, tax regimes were established whereby certain deferred tax assets (arising from provisions to allowances for loan losses in Brazil and provisions to allowances for loan losses, provisions to allowances for foreclosed assets and provisions for pension and pre-retirement obligations in Spain) may be converted into tax receivables in specific circumstances. As a result, their use does not rely on the entities obtaining future profits and, accordingly, they are exempt from deduction from regulatory capital. In 2015 Spain completed its regulations on monetizable tax assets with the introduction of a financial contribution which involves the payment of 1.5% per annum, in order to maintain the right to monetise which applies to the portion of the deferred tax assets that qualify under the legal requirements as monetizable assets generated prior to 2016. In a similar manner, Italy, by decree of 3 May 2016 has introduced a fee of 1.5% annually to maintain the monetizable of part of the deferred tax assets. The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Monetizable* Other Monetizable* Other Monetizable* Other Tax assets 10,473 8,967 10,721 8,525 11,233 11,525 Tax losses and tax credits — 1,249 — 1,093 — 3,428 Temporary differences 10,473 7,718 10,721 7,432 11,233 8,097 Of which: Non-deductible provisions — 2,256 — 2,139 — 2,751 Valuation of financial instruments — 600 — 483 — 400 Loan losses 6,888 988 7,134 1,007 7,645 1,086 Pensions 3,585 669 3,587 875 3,587 1,009 Valuation of tangible and intangible assets — 1,509 — 1,373 — 1,317 Tax liabilities — 6,462 — 5,933 — 6,522 Temporary differences — 6,462 — 5,933 — 6,522 Of which: Valuation of financial instruments — 1,419 — 1,791 — 2,073 Valuation of tangible and intangible assets — 3,081 — 2,311 — 1,962 Investments in Group companies — 337 — 440 — 831 * Banco Popular Español, S.A.U. considered that part of its monetizable assets were converted into credit against the Tax Administration in 2017 Income Tax return, as the circumstances of the aforementioned regulations were met at the end of that year (EUR 995 million). The Spanish tax authorities have expressly confirmed the nature of these assets as monetizable, but they consider that conditions for conversion are not met at the end of 2017, without prejudice to the conversion in future years. Likewise, Grupo Santander, due to losses incurred in 2020, converted EUR 642 million of monetizable tax assets into credit against the Tax Administration in its Corporate Income Tax return. This tax return is subject to review by the Tax Authorities. Grupo Santander only recognises deferred tax assets for temporary differences or tax loss and tax credit carryforwards where it is considered probable that the consolidated entities that generated them will have sufficient future taxable profits against which they can be utilised. The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed. These analyses take into consideration all evidence, both positive and negative, of the recoverability of such deferred tax assets, among which we can find, (i) the results generated by the different entities in previous years, (ii) the projections of results of each entity or fiscal group, (iii) the estimation of the reversal of the different temporary differences according to their nature and (iv) the period and limits established under the applicable legislation of each country for the recovery of the different deferred tax assets, thus concluding on the ability of each entity or fiscal group to recover the deferred tax assets registered. The projections of results used in this analysis are based on the financial budgets approved by both the local directions of the corresponding units and by the Group's administrators. The Group's budget estimation process is common for all units. The Group's management prepares its financial budgets based on the following key assumptions: a) Microeconomic variables of the entities that make up the fiscal group in each location: the existing balance structure, the mix of products offered and the commercial strategy at each moment defined by local directions are taken into account, based on the competition, regulatory and market environment. b) Macroeconomic variables: estimated growths are based on the evolution of the economic environment considering the expected evolution in the gross domestic product of each location, and the forecasts of interest rates, inflation and exchange rates fluctuations. These data is provided by the Group’s Studies Service, based on external sources of information. Additionally, the Group performs retrospective contrasts (backtesting) on the variables projected in the past. The differential behaviour of these variables with respect to the real market data is considered in the projections estimated in each fiscal year. Thus, and in relation to Spain, the deviations identified by the Directors in recent past years are due to non-recurring events outside the operation of the business, such as the impacts due to the first application of new regulations, the costs assumed for the acceleration of the restructuring plans and the changing effect of the current macroeconomic environment. During 2020, taking into account the uncertainties about the economic impacts derived from the covid-19 health crisis, the Group reassessed the ability to generate future taxable income in relation to the recoverability of deferred tax assets recorded in the main Group companies. Management considered that the recovery period of these assets would not be affected and that it was not necessary to make adjustments to the deferred tax assets recognised in the Group on the basis of the results of the analyses performed, except in Spain, where the changes in the key assumptions on which the projected results of its tax group are based, arising from the impact of covid-19, resulted in the recognition of an impairment of EUR 2,500 million of deferred tax assets under 'Income Tax' in the income statement. Finally, and given the degree of uncertainty of these assumption on the referred variables, the Group conducts a sensitivity analysis of the most significant assumptions considered in the deferred tax assets’ recoverability analysis, considering any reasonable change in the key assumptions on which the projections of results of each entity or fiscal group and the estimation of the reversal of the different temporary differences are based. In relation to Spain, the sensitivity analysis has consisted of adjusting 50 basis points for growth (gross domestic product) and adjusting 50 basis points for inflation. Following the sensitivity analysis performed, the Group estimate that the maximum recovery period of the deferred tax assets recognized as of 31 December 2021 would be 15 years. Relevant information is set forth below for the main countries which have recognised deferred tax assets: Spain The deferred tax assets recognised at the Consolidated Tax Group total EUR 9,954 million, of which EUR 7,420 million were for monetizable temporary differences with the right to conversion into a credit against the Public Finance, EUR 1,902 million for other temporary differences and EUR 632 million for tax losses and credits. The Group estimates that the recognised deferred tax assets for temporary differences will be recovered in a maximum period of 15 years. This period would also apply to the recovery of the recognised tax loss and tax credit carryforwards. Brazil The deferred tax assets recognised in Brazil total EUR 5,204 million, of which EUR 2,909 million were for monetizable temporary differences, EUR 1,984 million for other temporary differences and EUR 311 million for tax losses and credits. Grupo Santander estimates that the recognised deferred tax assets for temporary differences, tax losses and credits will be recovered in approximately 10 years. United States The deferred tax assets recognised in the United States total EUR 1,503 million, of which EUR 1,215 million were for temporary differences and EUR 288 million for tax losses and credits. The Group estimates that the recognised deferred tax assets for temporary differences, tax losses and credits will be recovered in a period of 15 years. The changes in Tax assets - Deferred and Tax liabilities - Deferred in the last three years were as follows: EUR million Balances at 31 December 2020 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balances at 31 December 2021 Deferred tax assets 19,246 (209) 193 209 1 19,440 Tax losses and tax credits 1,093 129 28 — — 1,250 Temporary differences 18,153 (338) 165 209 1 18,190 Of which monetizable 10,721 (273) 25 — — 10,473 Deferred tax liabilities (5,933) (886) (170) 528 (1) (6,462) Temporary differences (5,933) (886) (170) 528 (1) (6,462) 13,313 (1,095) 23 737 0 12,978 EUR million Balance at 31 December 2019 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balance at 31 December 2020 Deferred tax assets 22,758 (1,016) (2,465) 38 (69) 19,246 Tax losses and tax credits 3,427 (2,065) (266) — (3) 1,093 Temporary differences 19,331 1,049 (2,199) 38 (66) 18,153 Of which monetizable 11,233 613 (1,125) — — 10,721 Deferred tax liabilities (6,522) (402) 851 156 (16) (5,933) Temporary differences (6,522) (402) 851 156 (16) (5,933) 16,236 (1,418) (1,614) 194 (85) 13,313 EUR million Balances at 31 December 2018 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balance at 31 December 2019 Deferred tax assets 23,258 215 (610) (92) (13) 22,758 Tax losses and tax credits 4,276 (301) (548) — — 3,427 Temporary differences 18,982 516 (62) (92) (13) 19,331 Of which monetizable 10,866 427 (60) — — 11,233 Deferred tax liabilities (5,568) (680) 92 (366) 0 (6,522) Temporary differences (5,568) (680) 92 (366) — (6,522) 17,690 (465) (518) (458) (13) 16,236 f) Tax reforms The following significant tax reforms were approved in 2021 and previous years: In Spain, Royal Decree-Law 3-2016 was approved in December 2016, which meant the reduction of the limits for the integration of deferred monetizable tax assets and for the set-off of negative tax bases and deductions in order to avoid double taxation as well as the compulsory impairment reversion for deductible participations in previous years in five years, and the non deductibility of the losses generated from the transmission of participations. In 2020 the General State Budget Law for 2021 established, among other tax measures, the non deductibility in Corporation Tax of management fees on participations whose dividends or capital gains are exempt, determining the amount of these expenses as a 5% of the dividends or capital gains. Likewise in 2021 the General State Budget Law for 2022 was approved. This law establishes a minimum effective tax rate of 15% (18% for financial entities) on Corporation Tax base. In the United Kingdom, in March 2021 it was announced that the main Corporation Tax rate will increase from 1 April 2023 to 25% from 19%. This increase was enacted in Finance Act 2021. In Brazil, the Constitutional Amendment 103/19 was adopted on 12 November 2019, modifying the social security system, including, among other measures, an increase in the CSLL tax rate for banks from 15% to 20%, effective 1 March 2020. This increase lifted the aggregate tax rate -sum of CSLL and the corporate income tax (Imposto de Renda Pessoa Jurídica; IRPJ)- for banks from 40% to 45%. In addition, in 2021, the provisional measure (Medida Provisoria) 1,034/2021, temporarily increases, from 1 July 2021 to 31 December 2021, the rate of a Social Contribution on the Net Income (CSLL) of the banks to 25% from 20%, and for other financial institutions to 20% from 15%, being the joint taxation for banks 50% (25% IR and 25% CSLL), and 45% for other financial institutions. In the IOF (Tax on financial operations) on credit operations, as of 1 January 2021 the rate of 0,38% (0% for part of 2020) is reinstated, and for settled transactions from 20 September to 31 December 2021, a temporary increase in the IOF rates applicable for credit transactions was approved (annual rate 1.5%% to 2.04%% for legal persons and 3% to 4.8% for natural persons). In Argentina, Law n.º 27630 (BOE of 16 June 2021) amended, with retroactive effect to 1 January 2021, the rate applicable to the Corporate Income Tax, establishing a progressive rate scale which for Banco Santander Río S.A. represents an increase from 30% to 35%. In addition, the 7% withholding on dividend distribution is maintained (however, the distribution of pre-2018 reserves is not subject to withholding tax). In addition, during the first quarter of the year, there was an increase in the tax on gross income to financial institutions in both, the City of Buenos Aires (from 7% to 8%) and the Province of Buenos Aires (from 7% to 9%). Additionally, the adjustment for tax inflation that was to be applied on a transitional basis in 1/3 of 2019, has been lowered to 1/6 in 2019, with the rest being deferred over the next five years On 27 November 2019 entered into force the Protocol amending the Convention between the United States of America and the kingdom of Spain for the Avoidance of Double Taxation (DTT). The revision of the Convention introduces substantial reductions in the withholding rates that apply to different types of income, highlighting the reduction of the withholding rate on dividends to 5% for shareholdings of more than 10%, the elimination of withholding for shareholdings greater than 80% and elimination of withholding at source on interests and royalties. Build Back Better Act, approved in the House of Representatives on November 19, 2021, includes significant tax increases and measures impacting large corporations and other high-income taxpayers, such as the introduction of a 15% Minimum Tax on Financial Statement Pre-Tax Book Income, changes to the Base Erosion Anti-Abuse Tax and a new excise tax on Share Buy-Backs. Build Back Better Act is pending to be passed by the Senate In Chile, Law n.º 21,210 on modernization of Chilean tax law was enacted in 2020. It includes several modifications to different tax laws in force in Chile. Among the aspects included, it is worth highlighting the substitute tax that on a temporary basis until 30 April 2022 allows taxing at 30% (instead of the generally applicable 35%) with a credit of the first category tax paid, the tax profits generated up to the 31 December 2016, reducing the fiscal cost of its distribution and other measures about asset depreciation and indirect taxes. On 22 December 2021, the European Commission has proposed a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups. The proposal follows closely the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting and sets out how the principles of the 15% effective tax rate – agreed by 137 countries – will be applied in practice within the European Union (EU). It includes a common set of rules (GloBe Rules) on how to calculate this effective tax rate, so that it is properly and consistently applied across the EU. g) Other information In compliance with the disclosure requirement established in the listing rules instrument 2005 published by the UK Financial Conduct Authority, it is hereby stated that shareholders of the Bank resident in the United Kingdom will be entitled to a tax credit for taxes paid abroad in respect of withholdings that the Bank has to pay on the dividends to be paid to such shareholders if the total income of the dividend exceeds the amount of exempt dividends of GBP 2,000 for the year 2021/22. The shareholders of the Bank resident in the United Kingdom who hold their ownership interest in the Bank through Santander Nominee Service will be informed directly of the amount thus withheld and of any other data they may require to complete their tax returns in the United Kingdom. The other shareholders of the Bank resident in the United Kingdom should contact their bank or securities broker. Banco Santander, S.A., is part of the Large Business Forum and has adhered since 2010 to the Code of Good Tax Practices in Spain. Also Santander UK is a member of the HMRC’s Code of Practice on Taxation in the United Kingdom, actively participating in both cases in the cooperative compliance programs being developed by these Tax Administrations. |
Non-controlling interests
Non-controlling interests | 12 Months Ended |
Dec. 31, 2021 | |
Non-controlling interests Abstract | |
Non-controlling interests | Non-controlling interestsNon-controlling interests include the net amount of the equity of subsidiaries attributable to equity instruments that do not belong, directly or indirectly, to the Bank, including the portion attributed to them of profit for the year. a) Breakdown The detail, by Group company, of 'Equity - Non-controlling interests' is as follows: EUR million 2021 2020 2019 Santander Bank Polska S.A. 1,559 1,676 1,597 Grupo PSA 1,543 1,622 1,569 Santander Consumer USA Holdings Inc. 1,255 986 1,565 Banco Santander - Chile 1,042 1,218 1,101 Banco Santander (Brasil) S.A. 1,023 1,014 1,167 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 202 461 333 Other companies* 1,970 1,806 1,655 8,594 8,783 8,987 Profit/(Loss) for the year attributable to non-controlling interests 1,529 1,063 1,601 Of which: Santander Consumer USA Holdings Inc. 494 201 230 Grupo PSA 311 255 266 Banco Santander - Chile 292 198 283 Banco Santander (Brasil) S.A. 251 233 373 Santander Bank Polska S.A. 75 81 162 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 62 61 195 Other companies 44 34 92 TOTAL 10,123 9,846 10,588 * Includes a Santander UK plc issuance of perpetual convertible equity instruments, at the option of Santander UK plc, into preference shares of Santander UK itself for a nominal amount of GBP 2,200 million (the Group having acquired GBP 1,050 million). Carrying amount of EUR 1,363 million in 2021 (EUR 1,275 million and EUR 1,346 million in 2020 and 2019, respectively). b) Changes The changes in Non-controlling interests are summarised as follows: EUR million 2021 2020 2019 Balance at the end of the previous year 9,846 10,588 10,889 Balance at beginning of year 9,846 10,588 10,889 Other comprehensive income* (304) (818) 310 Other 581 76 (611) Profit attributable to non-controlling interests 1,529 1,063 1,601 Modification of participation rates** (390) (632) (1,623) Change of perimeter (5) (54) 110 Dividends paid to minority shareholders (648) (465) (895) Changes in capital and other concepts* 95 164 196 Balance at end of year 10,123 9,846 10,588 * Mainly due to exchange differences. ** Includes the effect of the Public Offers for the acquisition of shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in 2021 and 2019 (see note 3.c). The foregoing changes are shown in the consolidated statement of changes in total equity. c) Other information The financial information on the subsidiaries with significant non-controlling interests at 31 December 2021 is summarised below: EUR million* Santander Bank Polska S.A. Banco Santander (Brasil) S.A. Banco Santander (Chile), S.A. Grupo Financiero Santander México, S.A.B. de C.V. Santander Consumer USA Total assets 49,788 159,447 71,987 78,383 43,966 Total liabilities 45,071 146,662 67,282 71,162 35,064 Net assets 4,717 12,785 4,705 7,221 8,902 Total income 1,646 10,884 2,457 3,579 4,725 Total profit 230 2,589 928 896 2,510 * Information prepared in accordance with the segment reporting criteria described in note 51 and, therefore, it may not coincide with the information published separately by each entity. |
Other comprehensive income
Other comprehensive income | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of analysis of other comprehensive income by item [abstract] | |
Other comprehensive income | Other comprehensive income The balances of 'Other comprehensive income' include the amounts, net of the related tax effect, of the adjustments to assets and liabilities recognised in equity through the consolidated statement of recognised income and expense. The amounts arising from subsidiaries are presented, on a line by line basis, in the appropriate items according to their nature. Respect to items that may be reclassified to profit or loss, the consolidated statement of recognised income and expense includes changes in other comprehensive income as follows: • Revaluation gains (losses): includes the amount of the income, net of the expenses incurred in the year, recognised directly in equity. The amounts recognised in equity in the year remain under this item, even if in the same year they are transferred to the income statement or to the initial carrying amount of the assets or liabilities or are reclassified to another line item. • Amounts transferred to income statement: includes the amount of the revaluation gains and losses previously recognised in equity, even in the same year, which are recognised in the income statement. • Amounts transferred to initial carrying amount of hedged items: includes the amount of the revaluation gains and losses previously recognised in equity, even in the same year, which are recognised in the initial carrying amount of assets or liabilities as a result of cash flow hedges. • Other reclassifications: includes the amount of the transfers made in the year between the various valuation adjustment items. a) Breakdown of Other comprehensive income - Items that will not be reclassified in results and Items that can be classified in results EUR million 2021 2020 2019 Other comprehensive income (32,719) (33,144) (24,168) Items that will not be reclassified to profit or loss (4,241) (5,328) (4,288) Actuarial gains and losses on defined benefit pension plans (3,986) (5,002) (4,764) Non-current assets held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates (8) (2) 1 Other valuation adjustments — — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (157) (308) 514 Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income — — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item) 275 159 44 Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument) (275) (159) (44) Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk (90) (16) (39) Items that may be reclassified to profit or loss (28,478) (27,816) (19,880) Hedges of net investments in foreign operations (Effective portion) (4,283) (3,124) (5,464) Exchange differences (23,887) (26,911) (16,701) Hedging derivatives. Cash flow hedges (Effective portion) (276) 295 300 Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income 436 2,411 2,321 Hedging instruments (items not designated) — — — Non-current assets classified as held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates (468) (487) (336) b) Other comprehensive income- Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans 'Other comprehensive income —Items not reclassified to profit or loss— Actuarial gains or (-) losses on defined benefit pension plans' include the actuarial gains and losses and the return on plan assets, less the administrative expenses and taxes inherent to the plan, and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). Its variation (decrease of EUR 1,567 million in the year) is shown in the consolidated statement of recognised income. The release against equity in 2021 amounts to EUR 1,705 million - see note 25.b -, with the following breakdown: • Reduction of EUR 37 million in the accumulates actuarial losses relating to the Group´s entities in Spain, mainly due to the evolution experienced by the discount rate -increase from 0.60% to 0.90%. • Reduction of EUR 1,475 million in the cumulative actuarial losses relating to the Group´s businesses in the UK, mainly due to the evolution experienced by the discount rate– increase from 1.28% to 1.90%. • Reduction of EUR 91 million in accumulated actuarial losses corresponding to the Group’s business in Brazil, mainly due to the increase in the discount rate -from 6.82% to 8.39% in pension benefits and 7.14% to 8.44% in medical benefits-. • Reduction of EUR 102 million in the accumulated actuarial losses corresponding to the Group's businesses in other geographical areas. The other modification in accumulated actuarial profit or losses is an increase of EUR 138 million as a result of the evolution of exchange rates, mainly in United Kingdom (appreciation of the pound sterling). c) Other comprehensive income - Items that will not be reclassified in results - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income Since the entry into force of IFRS 9, no impairment analysis is performed of equity instruments recognised under 'Other comprehensive income'. IFRS 9 eliminates the need to carry out the impairment estimate on this class of equity instruments and the reclassification to profit and loss on the disposal of these assets, being recognised at fair value with changes in equity. The following is a breakdown of the composition of the balance as of 31 December 2021, 2020 and 2019 under 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other global result' depending on the geographical origin of the issuer: EUR million 2021 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 25 (663) (638) 759 International Rest of Europe 39 (58) (19) 170 United States 13 (4) 9 31 Latin America and rest 496 (5) 491 1,493 573 (730) (157) 2,453 Of which: Publicly listed 500 (44) 456 1,521 Non publicly listed 73 (686) (613) 932 EUR million 2020 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 28 (849) (821) 1,032 International Rest of Europe 65 (76) (11) 314 United States 7 (4) 3 25 Latin America and rest 525 (4) 521 1,412 625 (933) (308) 2,783 Of which: Publicly listed 525 (31) 494 1,424 Non publicly listed 100 (902) (802) 1,359 EUR million 2019 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 21 (445) (424) 184 International Rest of Europe 68 (72) (4) 379 United States 15 (3) 12 44 Latin America and rest 934 (4) 930 2,256 1,038 (524) 514 2,863 Of which: Publicly listed 936 (14) 922 2,283 Non publicly listed 102 (510) (408) 580 d) Other comprehensive income - Items that may be reclassified to profit or loss - Hedge of net investments in foreign operations (effective portion) and exchange differences The change in 2021 reflects the positive effect of the generalized appreciation of some currencies, especially the pound sterling and the US dollar, whereas the change in 2020 reflected the negative effect of the generalized depreciation of the main currencies, especially the Brazilian real, the pound sterling and the US dollar. The change in 2019 showed the positive effect of the appreciation of the pound sterling and the US dollar and the negative effect of the depreciation of the Brazilian real. Of the change in the balance in these years, a profit of EUR 167 million, a loss of EUR 2,104 million and a profit of EUR 230 million in 2021, 2020 and 2019, respectively relate to the measurement of goodwill. The detail, by country is as follows: EUR million 2021 2020 2019 Net balance at end of year* (28,170) (30,035) (22,165) Of which: Brazilian real (17,440) (17,417) (13,579) Pound sterling (3,415) (4,205) (3,135) Mexican peso (3,088) (3,091) (2,439) Argentine peso* (2,109) (2,288) (2,094) Chilean peso (2,039) (1,776) (1,560) US dollar 1,536 387 1,654 Polish zloty (809) (788) (501) Other (806) (857) (511) * Grupo Santander changed its accounting policy in relation to the presentation of exchange differences and the effects of hyperinflation of the operations generated in Argentina, reclassifying at 1 January 2019 an amount of EUR -1,984 million from the heading 'Other reserves' to 'Accumulated other comprehensive income' (see note 2.a and 33.b). The breakdown of translation differences by currency is as follows: EUR million 2021 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results* From net assets Brazilian real (16,032) (15,913) 119 30 19 70 Pound sterling (4,602) (3,504) 1,098 41 38 1,019 Mexican peso (2,393) (2,012) 381 26 29 326 Argentine peso (2,287) (2,109) 178 — — 178 Chilean peso (1,450) (1,852) (402) (55) (43) (304) US dollar 1,253 2,775 1,522 125 102 1,295 Polish zloty (638) (678) (40) (9) (1) (30) Other (762) (594) 168 9 11 148 Total Group (26,911) (23,887) 3,024 167 155 2,702 * Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. EUR million 2020 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results* From net assets Brazilian real (10,704) (16,032) (5,328) (1,280) (190) (3,858) Pound sterling (3,329) (4,602) (1,273) (455) (4) (814) Mexican peso (1,547) (2,393) (846) (59) (2) (785) Argentine peso (2,094) (2,287) (193) — — (193) Chilean peso (1,181) (1,450) (269) (18) 15 (266) US dollar 2,833 1,253 (1,580) (143) (58) (1,379) Polish zloty (249) (638) (389) (133) (5) (251) Other (430) (762) (332) (16) (10) (306) Total Group (16,701) (26,911) (10,210) (2,104) (254) (7,852) * Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. e) Other comprehensive income -Items that may be reclassified to profit or loss - Hedging derivatives – Cash flow hedges (Effective portion) Other comprehensive income – Items that may be reclassified to profit or loss - Cash flow hedges includes the gains or losses attributable to hedging instruments that qualify as effective hedges. These amounts will remain under this heading until they are recognised in the consolidated income statement in the periods in which the hedged items affect it (see note 11). f) Other comprehensive income - Items that may be reclassified to profit or loss – Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income Includes the net amount of unrealised changes in the fair value of assets classified as Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (see note 7). The breakdown, by type of instrument and geographical origin of the issuer, of 'Other comprehensive income – Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income' at 31 December 2021, 2020 and 2019 is as follows: EUR million 31 December 2021 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Government debt securities and debt Instruments issued by central banks Spain 271 — 271 12,917 Rest of Europe 544 (118) 426 20,397 Latin America and rest of the world 334 (438) (104) 49,847 Private-sector debt securities 80 (237) (157) 22,424 1,229 (793) 436 105,585 EUR million 31 December 2020 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Government debt securities and debt Instruments issued by central banks Spain 693 — 693 19,314 Rest of Europe 915 (69) 846 23,116 Latin America and rest of the world 785 (73) 712 51,026 Private-sector debt securities 181 (21) 160 24,714 2,574 (163) 2,411 118,170 EUR million 31 December 2019 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Government debt securities and debt Instruments issued by central banks Spain 947 (2) 945 32,413 Rest of Europe 664 (38) 626 19,052 Latin America and rest of the world 839 (121) 718 51,284 Private-sector debt securities 81 (49) 32 20,096 2,531 (210) 2,321 122,845 Since the entry into force of IFRS 9, the Group estimates the expected losses on debt instruments measured at fair value with changes in other comprehensive income. These losses are recorded with a charge to the consolidated income statement for the period. At the end of the years 2021, 2020 and 2019, the Group recorded under 'Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss', net due to modification of the consolidated income statement, in the line of financial assets at fair value with changes in other comprehensive income a provision of EUR 19 million, EUR 19 million and EUR 12 million in 2021, 2020 and 2019, respectively. g) Other comprehensive income - Items that may be reclassified to profit or loss and Items not reclassified to profit or loss - Other recognised income and expense of investments in subsidiaries, joint ventures and associates The changes in other comprehensive income - Entities accounted for using the equity method were as follows: EUR million 2021 2020 2019 Balance at beginning of year (489) (335) (320) Revaluation gains/(losses) 7 (170) (22) Net amounts transferred to profit or loss 6 16 7 Balance at end of year (476) (489) (335) Of which: Zurich Santander Insurance América, S.L. (332) (298) (171) |
Shareholders' equity
Shareholders' equity | 12 Months Ended |
Dec. 31, 2021 | |
Equity [abstract] | |
Shareholders' equity | Shareholders’ equityThe changes in Shareholders' equity are presented in the consolidated statement of changes in total equity. Significant information on certain items of Shareholders' equity and the changes during the year are set forth below. |
Issued capital
Issued capital | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of classes of share capital [abstract] | |
Issued capital | Issued capital a) Changes At 31 December 2018, Banco Santander’s share capital consisted of 16,236,573,942 shares with a total par value of EUR 8,118 million. On 10 September 2019, a capital increase of EUR 191 million was carried out with the issuance of 381,540,640 shares (2.35% of the Bank's share capital), to meet the takeover bid for 16.69% of the share capital of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México. (see Note 3.a). Therefore, Banco Santander’s new capital consisted of EUR 8,309 million at 31 December 2019, represented by 16,618,114,582 shares of EUR 0.50 of nominal value each one and all of them from a unique class and series. On 3 December 2020, a capital increase of EUR 361 million was made, with a charge to the share premium, through the issue of 722,526,720 shares (4.35% of the share capital). Therefore, Banco Santander's share capital at 31 December 2020 consisted of EUR 8,670 million, represented by 17,340,641,302 shares of EUR 0.50 of nominal value each and all of them of a unique class and series. Equally, Banco Santander's share capital at 31 December 2021 consisted of EUR 8,670 million, represented by 17,340,641,302 shares of EUR 0.50 of nominal value each and all of them of a unique class and series. Includes 259,930,273 shares corresponding to the first share repurchase program for which it has been agreed (together with the shares that are finally to be acquired under the second share repurchase program) to submit their redemption to the general shareholders meeting subject to the pertinent regulatory authorizations (see notes 4 and 34). Banco Santander’s shares are listed on the Spanish Stock Market Interconnection System and on the New York, London, Mexico and Warsaw Stock Exchanges, and all of them have the same features and rights. Santander shares are listed on the London Stock Exchange under Crest Depository Interest (CDI), each CDI representing one Bank’s share. They are also listed on the New York Stock Exchange under American Depositary Receipts (BDR), each BDR representing one share. During 2019 and 2018 the number of markets where the Bank is listed was reduced; the Bank's shares was delisted from Buenos Aires, Milan, Lisboa and São Paulo's markets. At 31 December 2021, no shareholder held more than 3% of Banco Santander’s total share capital (which is the threshold generally provided under Spanish regulations for a significant holding in a listed company to be disclosed). Even though at 31 December 2021, certain custodians appeared in our shareholder registry as holding more than 3% of our share capital, we understand that those shares were held in custody on behalf of other investors, none of whom exceeded that threshold individually. These custodians were State Street Bank (13.35%), Chase Nominees Limited (9.15%), The Bank of New York Mellon Corporation (5.21%), Citibank New York (3.74%) and EC Nominees Limited (3.34%). On 24 October 2019, BlackRock Inc. reported to the CNMV its significant holding of voting rights in Banco Santander (5.426%). It also specified that it was holding shares on behalf of a number of funds or other investment entities, none of which exceeded 3% individually. No changes have been communicated since then. There may be some overlap in the holdings declared by the above mentioned custodians and asset manager. At 31 December 2021, neither Banco Santander's shareholder registry nor the CNMV's registry showed any shareholder residing in a non-cooperative jurisdiction with a shareholding equal to, or greater than, 1% of our share capital (which is the other threshold applicable under Spanish regulations). b) Other considerations Under Spanish law, only shareholders at the general meeting have the authority to increase share capital. However, they may delegate the authority to approve or execute capital increases to the board of directors. Banco Santander´s Bylaws are fully aligned with Spanish law and do not establish any different conditions for share capital increases. At 31 December 2021 the shares of the following companies were listed on official stock markets: Banco Santander Río S.A.; Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México; Banco Santander - Chile; Banco Santander (Brasil) S.A., Santander Bank Polska S.A. (former Bank Zachodni WBK S.A.) and Santander Consumer USA Holdings Inc. and Getnet Adquirência e Serviços para Meios de Pagamento S.A. At 31 December 2021 the number of Banco Santander shares owned by third parties and managed by Group management companies (mainly portfolio, collective investment undertaking and pension fund managers) or jointly managed was 45 million shares, which represented 0.26% of Banco Santander’s share capital (39 and 40 million shares, representing 0.22% and 0.24% of the share capital in 2020 and 2019, respectively). In addition, the number of Banco Santander shares owned by third parties and received as security was 231 million shares (equal to 1.33% of the Bank’s share capital). At 31 December 2021 the capital increases in progress at Group companies and the additional capital authorised by their shareholders at the respective general meetings were not material at Group level (see appendix V). |
Share premium
Share premium | 12 Months Ended |
Dec. 31, 2021 | |
Share Premium Abstract | |
Share premium | Share premium Share premium includes the amount paid up by the Bank’s shareholders in capital issues in excess of the par value. The Corporate Enterprises Act expressly permits the use of the share premium account balance to increase capital at the entities at which it is recognised and does not establish any specific restrictions as to its use. The change in the balance of share premium corresponds to the capital increases detailed in note 31.a). The increased produced in 2019 was a consequence of the increase of EUR 1,491 million to cope with the capital increase for the acquisition of Banco Santander México, S.A, Institución de Banca Múltiple, Grupo Financiero Santander México shares on 10 September 2019. The decrease in 2020 was due to the reduction of EUR 361 million to cover the capital increase on 3 December (see note 31). The decreased produced in 2021 for an amount of EUR 4,034 million has been the consequence of applying the result obtained by Banco Santander during the financial year 2020, consisting of losses of EUR 3,557 million, as reflected in the consolidated statements of changes in total equity, and the charge of the dividend for the fiscal year 2020 for an amount of EUR 477 million (see note 4.a and consolidated statements of changes in total equity). Also, in 2020 and 2019 an amount of EUR 72 million and EUR 38 million, respectively, were transferred from the Share premium account to the Legal reserve (see note 33.b.i). |
Accumulated retained earnings
Accumulated retained earnings | 12 Months Ended |
Dec. 31, 2021 | |
Accumulated Retained Earnings | |
Accumulated retained earnings | Accumulated retained earnings a) Definitions The balance of 'Equity - Accumulated gains and Other reserves' includes the net amount of the accumulated results (profits or losses) recognised in previous years through the consolidated income statement which in the profit distribution were allocated in equity, the expenses of own equity instrument issues, the differences between the amount for which the treasury shares are sold and their acquisition price, as well as the net amount of the results accumulated in previous years, generated by the result of non-current assets held for sale, recognised through the consolidated income statement. b) Breakdown The detail of Accumulated retained earnings and Reserves of entities accounted for using the equity method is as follows: EUR million 2021 2020 2019 Restricted reserves 2,543 2,460 2,595 Legal reserve 1,734 1,734 1,662 Own shares 755 672 879 Revaluation reserve Royal Decree-Law 7/1996 43 43 43 Reserve for retired capital 11 11 11 Unrestricted reserves 4,243 10,422 10,664 Voluntary reserves* 6,123 6,128 4,603 Consolidation reserves attributable to the Bank (1,880) 4,294 6,061 Reserves of subsidiaries 47,438 47,601 43,449 Reserves of entities accounted for using the equity method 1,572 1,504 1,210 55,796 61,987 57,918 * In accordance with the commercial regulations in force in Spain. i. Legal reserve Under the Consolidated Spanish Corporate Enterprises Act, 10% of net profit for each year must be transferred to the legal reserve. These transfers must be made until the balance of this reserve reaches 20% of the share capital. The legal reserve can be used to increase capital provided that the remaining reserve balance does not fall below 10% of the increased share capital amount. In 2020 and 2019, Banco Santander transferred EUR 72 million and EUR 38 million, respectively, from the Share premium account to the Legal reserve. Consequently, once again, after the capital increases described in note 31 had been carried out, the balance of the legal reserve reached 20% of the share capital, and at 31 December 2021 the Legal reserve was of the stipulated level. ii. Reserve for treasury shares According to the Consolidated Text of the Corporate Enterprises Act, an unavailable reserve equivalent to the amount for which Banco Santander's shares owned by subsidiaries are recorded. This reservation shall be freely available when the circumstances which have obliged its constitution disappear. In addition, this reserve covers the outstanding balance of loans granted by the Group with Banco Santander's share guarantee and the amount equivalent to the credits granted by the Group companies to third parties for the acquisition of own shares. iii. Revaluation reserve Royal Decree Law 7/1996, of 7 June The balance of Revaluation reserve Royal Decree-Law 7/1996 can be used, free of tax, to increase share capital. From 1 January 2007, the balance of this account can be taken to unrestricted reserves, provided that the monetary surplus has been realised. The surplus will be deemed to have been realised in respect of the portion on which depreciation has been taken for accounting purposes or when the revalued assets have been transferred or derecognised. If the balance of this reserve were used in a manner other than that provided for in Royal Decree law 7/1996, of 7 June, it would be subject to taxation. iv. Reserves of subsidiaries The detail, by company, of Reserves of subsidiaries, based on the companies’ contribution to the Group (considering the effect of consolidation adjustments) is as follows: EUR million 2021 2020 2019 Banco Santander (Brasil) S.A. (Consolidated Group) 14,325 14,067 12,400 Santander UK Group 8,558 8,447 8,079 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 4,913 4,230 3,810 Santander Consumer Finance Group 4,753 4,186 4,012 Banco Santander - Chile 3,502 3,404 3,116 Banco Santander Totta, S.A. (Consolidated Group) 3,194 2,960 2,823 Group Santander Holdings USA 2,940 4,793 4,528 Banco Santander Río S.A. 2,318 2,161 1,895 Santander Bank Polska S.A. 1,990 1,748 1,738 Santander Investment, S.A. 1,307 1,335 146 Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. 869 695 823 Banco Santander International SA (former Banco Santander (Suisse) SA) 277 247 348 Other companies and consolidation adjustments (1,508) (672) (269) 47,438 47,601 43,449 Of which, restricted 3,392 3,155 3,193 |
Other equity instruments and ow
Other equity instruments and own shares | 12 Months Ended |
Dec. 31, 2021 | |
Other equity instruments and own shares | |
Other equity instruments and own shares | Other equity instruments and own shares a) Equity instruments issued not capital and other equity instruments Other equity instruments includes the equity component of compound financial instruments, the increase in equity due to personnel remuneration, and other items not recognised in other “Shareholders’ equity” items. On 8 September 2017, Banco Santander, S.A. issued contingent redeemable perpetual bonds (the fidelity bonds) amounting to EUR 981 million nominal value -EUR 686 million fair value. On 31 December 2021 amounted to EUR 658 million. Additionally, at 31 December 2021 the Group had other equity instruments amounting to EUR 152 million. b) Own shares 'Shareholders’ equity - Own shares' includes the amount of own equity instruments held by all the Group entities. Transactions involving own equity instruments, including their issuance and cancellation, are recognised directly in equity, and no profit or loss may be recognised on these transactions. The costs of any transaction involving own equity instruments are deducted directly from equity, net of any related tax effect. At December 31, 2020, the number of treasury shares held by the Group was 28,439,022 (0.164% of the issued share capital). During 2021, 524,312,848 shares of the Bank were acquired at an average price of EUR 3.14 per share, of which 259,930,273 shares (1.499% of the issued share capital) relate to the First Share Buyback Program at a weighted average price of EUR 3.235 per share (note 4); and 275,159,930 shares were transferred at an average price of EUR 3.10 per share - of which 55,750,000 shares correspond to two extraordinary donations made by Banco Santander to the Banco Santander Foundation. As of December 31, 2021, the Group holds 277,591,940 shares of the Bank's issued share capital (1.60%). The effect on equity, net of tax, arising from the purchase and sale of Bank shares is of EUR 23 million profit in 2021 (EUR 1 million profit and EUR 6 million loss in 2020 and 2019, respectively). |
Memorandum items
Memorandum items | 12 Months Ended |
Dec. 31, 2021 | |
Off-balance-sheet exposures | |
Memorandum items | Memorandum items Memorandum items relates to balances representing rights, obligations and other legal situations that in the future may have an impact on net assets, as well as any other balances needed to reflect all transactions performed by the consolidated entities although they may not impinge on their net assets. a) Guarantees and contingent commitments granted Contingent liabilities includes all transactions under which an entity guarantees the obligations of a third party and which result from financial guarantees granted by the entity or from other types of contract. The detail is as follows: 2021 2020 2019 Loans commitment granted 262,737 241,230 241,179 Of which doubtful 615 274 352 Financial guarantees granted 10,758 12,377 13,650 Of which doubtful 188 124 154 Financial guarantees 10,715 12,358 13,619 Credit derivatives sold 43 19 31 Other commitments granted 75,733 64,538 68,895 Of which doubtful 781 548 747 Technical guarantees 40,158 33,526 33,890 Other 35,575 31,012 35,005 The breakdown as at 31 December 2021 of the exposures and the provision fund (see note 25) out of balance sheet by impairment stage is EUR 337,113 million and EUR 372 million (EUR 310,435 million and EUR 377 million in 2020 and EUR 316,116 million and EUR 417 million in 2019) in stage 1, EUR 10,531 million and EUR 200 million (EUR 6,764 million and EUR 182 million in 2020 and EUR 6,355 million and EUR 145 million in 2019) in stage 2 and EUR 1,584 million and EUR 161 million (EUR 946 million and EUR 141 million in 2020 and EUR 1,253 million and EUR 177 million in 2019) in stage 3, respectively. Income from guarantee instruments is recognised under 'Fee and commission income' in the consolidated income statements and is calculated by applying the rate established in the related contract to the nominal amount of the guarantee. i. Loan commitments granted Loan commitments granted: firm commitments of grating of credit under predefined terms and conditions, except for those that comply with the definition of derivatives as these can be settled in cash or through the delivery of issuance of another financial instrument. They include stand-by credit lines and long-term deposits. ii. Financial guarantees granted Financial guarantees includes, inter alia, financial guarantee contracts such as financial bank guarantees, credit derivatives sold, and risks arising from derivatives arranged for the account of third parties. iii. Other commitments granted Other contingent liabilities include all commitments that could give rise to the recognition of financial assets not included in the above items, such as technical guarantees and guarantees for the import and export of goods and services. b) Memorandum items i. Off-balance-sheet funds under management The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows: EUR million 2021 2020 2019 Investment funds 145,987 131,965 142,988 Pension funds 16,078 15,577 11,843 Assets under management 24,862 20,712 22,079 186,927 168,254 176,910 ii. Non-managed marketed funds At 31 December 2021 there are non-managed marketed funds totalling EUR 48,385 million (EUR 38,563 million and EUR 49,490 million at 31 December 2020 and 2019, respectively). c) Third-party securities held in custody At 31 December 2021 the Group held in custody debt securities and equity instruments totalling EUR 236,153 million (EUR 209,269 million and EUR 229,381 million at 31 December 2020 and 2019, respectively) entrusted to it by third parties. |
Hedging derivatives
Hedging derivatives | 12 Months Ended |
Dec. 31, 2021 | |
Hedging Derivatives | |
Hedging derivatives | Hedging derivatives Grupo Santander, within its financial risk management strategy, and in order to reduce asymmetries in the accounting treatment of its operations, enters into hedging derivatives on interest, exchange rate, credit risk or variation of stock prices, depending on the nature of the risk covered. Based on its objective, Grupo Santander classifies its hedges in the following categories: • Cash flow hedges: cover the exposure to the variation of the cash flows associated with an asset, liability or a highly probable forecast transaction. This cover the variable-rate issues in foreign currencies, fixed-rate issues in non-local currency, variable-rate interbank financing and variable-rate assets (bonds, commercial loans, mortgages, etc.). • Fair value hedges: cover the exposure to the variation in the fair value of assets or liabilities, attributable to an identified and hedged risk. This covers the interest risk of assets or liabilities (bonds, loans, bills, issues, deposits, etc.) with coupons or fixed interest rates, interests in entities, issues in foreign currencies and deposits or other fixed rate liabilities. • Hedging of net investments abroad: cover the exchange rate risk of the investments in subsidiaries domiciled in a country with a different currency from the functional one of the Group. Due to the replacement of the current rates by the alternative rates defined in the note 1 of this report, in the section 'Amendments to IFRS 9, IAS 9 and IFRS 7 on reference interest rates (IBOR Reform Phase I and II)',the nominal amount of hedging instruments corresponding to the hedging relationships directly affected by the uncertainties related to the IBOR reforms is shown below. The percentage of the nominal amount of derivatives affected with a maturity date after the transition date of the reform represents 4.85% of the total hedging derivatives: EUR million USD LIBOR Total hedging instruments affected Fair value hedges 14,223 Interest rate risk 14,223 Cash flow hedges 12,034 Interest rate risk 12,034 26,257 Post-transition date agreement Fair value hedges 11,241 Interest rate risk 11,241 Cash flow hedges 7,830 Interest rate risk 7,830 19,071 As for the hedged items directly affected by the uncertainties related to the IBOR reforms, their nominal amount is shown below, which represents 2.02% of the total notional amount hedged: EUR million USD LIBOR Total hedge items directly affected Fair value hedges 190 Interest rate risk 190 Cash flow hedges 11926 Interest rate risk 11,926 12,116 Post-transition date agreement Fair value hedges 190 Interest rate risk 190 Cash flow hedges 7732 Interest rate risk 7,732 7,922 The following tables contains the detail of the hedging derivatives according to the type of hedging, the hedge risk and the main products used as of 31 December 2021, 2020 and 2019: Million euros 2021 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 206,957 2,528 2,656 1,079 Interest rate risk 176,176 2,227 1,778 591 Hedging derivatives Of which: Interest rate swap 66,904 1,668 920 (377) Call money swap 97,321 1 734 714 Exchange rate risk 21,238 7 423 287 Hedging derivatives Fx forward 13,909 7 423 22 Future interest rate 7,329 — — 265 Interest rate and exchange rate risk 9,326 294 452 200 Hedging derivatives Of which: Interest rate swap 1,650 12 9 (7) Currency swap 7,397 281 443 192 Inflation risk 44 — 1 — Hedging derivatives Credit risk 173 — 2 1 Hedging derivatives Cash flow hedges 160,397 2,034 2,157 (1,703) Interest rate risk 99,648 156 420 (526) Hedging derivatives Of which: Future interest rate 7,652 — — (155) Interest rate swap 69,471 70 155 (212) Call money swap 16,846 20 182 (409) Exchange rate risk 27,343 396 657 (112) Hedging derivatives Of which: FX forward 8,381 280 42 26 Currency swap 15,004 100 606 (133) Interest rate and exchange rate risk 21,609 1,425 400 (815) Hedging derivatives Of which: Interest rate swap 3,604 95 2 (112) Currency swap 17,005 1,330 393 (702) Inflation risk 11,741 52 679 (247) Hedging derivatives Of which: Currency swap 10,503 51 678 (232) Equity risk 56 5 1 (3) Hedging derivatives Hedges of net investments in foreign operations 25,594 199 650 — Exchange rate risk 25,594 199 650 — Hedging derivatives FX forward 25,594 199 650 — 392,948 4,761 5,463 (624) EUR million 2020 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 199,260 4,199 4,671 (451) Interest rate risk 181,582 3,528 3,850 (456) Hedging derivatives Of which: Interest rate swap 94,713 2,985 2,747 (27) Call money swap 69,740 184 886 (486) Exchange rate risk 9,037 293 47 11 Hedging derivatives Of which: FX forward 8,422 210 47 11 Interest rate and exchange rate risk 8,434 378 771 (11) Hedging derivatives Of which: Currency swap 7,704 370 757 (4) Credit risk 207 — 3 5 Hedging derivatives Cash flow hedges 139,156 3,436 1,739 232 Interest rate risk 74,731 478 522 75 Hedging derivatives Of which: Future interest rate 7,492 — 322 (208) Interest rate swap 46,547 237 108 135 Call money swap 12,123 204 7 145 Exchange rate risk 23,483 555 802 (401) Hedging derivatives Of which: FX forward 9,151 265 195 (155) Currency swap 13,425 283 600 (103) Interest rate and exchange rate risk 27,021 2,362 275 679 Hedging derivatives Of which: Currency swap 19,682 2,100 264 550 Inflation risk 13,907 36 140 (129) Hedging derivatives Of which: Interest rate swap 5,218 262 — 129 Currency swap 10,206 26 136 (132) Equity risk 14 5 — 8 Hedging derivatives Hedges of net investments in foreign operations 22,210 690 459 3 Exchange rate risk 22,210 690 459 3 Hedging derivatives FX forward 22,210 690 459 — 360,626 8,325 6,869 (216) EUR million 2019 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 202,548 3,570 3,649 (1,522) Interest rate risk 183,586 3,032 3,160 (1,346) Hedging derivatives Of which: Future interest rate 12,325 — 32 (476) Interest rate swap 117,439 2,651 2,297 (429) Call money swap 44,791 91 472 (295) Exchange rate risk 10,006 73 55 (60) Hedging derivatives Of which: Fx forward 9,722 49 54 (60) Interest rate and exchange rate risk 8,698 465 428 (116) Hedging derivatives Of which: Currency swap 7,552 449 423 (67) Inflation risk 0 — 0 5 Hedging derivatives Credit risk 258 — 6 (5) Hedging derivatives Cash flow hedges 135,439 3,398 1,618 (1,540) Interest rate risk 55,810 277 261 (267) Hedging derivatives Of which: Futures 21,655 33 147 (93) Interest rate swap 21,492 99 97 (105) Call money swap 6,164 30 12 8 Exchange rate risk 31,803 463 660 (405) Hedging derivatives Of which: FX forward 10,595 237 216 (145) Currency swap 11,030 214 433 (365) Futures 9,290 — — 113 Interest rate and exchange rate risk 38,938 2,625 640 (826) Hedging derivatives Of which: Interest rate swap 7,347 133 5 201 Currency swap 27,044 2,492 622 (1,020) Inflation risk 8,830 33 53 (44) Hedging derivatives Of which: FX forward 2,230 5 4 4 Currency swap 6,511 28 42 (44) Equity risk 58 — 4 2 Hedging derivatives Hedges of net investments in foreign operations 24,477 248 781 0 Exchange rate risk 24,477 248 781 0 Hedging derivatives FX forward 24,477 248 781 — 362,464 7,216 6,048 (3,062) Considering the main entities or groups within the Group by the weight of their hedging, the main types of hedging that are being carried out in Santander UK Group Holdings plc group and Banco Santander, S.A. Santander UK Group Holdings plc group enters into fair value and cash flow hedging derivatives depending on the exposure of the underlying. Only designated risks are hedged and therefore other risks, such as credit risk, are managed but not hedged. Within fair value hedges, Santander UK Group Holdings plc group has portfolios of assets and liabilities at fixed rate that are exposed to changes in fair value due to changes in market interest rates. These positions are managed by contracting mainly interest rate swaps. Effectiveness is assessed by comparing the changes in the fair value of these portfolios generated by the hedged risk with the changes in the fair value of the derivatives contracted. Santander UK Group Holdings plc group also has access to international markets to obtain financing by issuing fixed-rate debt in its functional currency and other currencies. As such, they are exposed to changes in interest rates and exchange rates, mainly in EUR and USD. This risk is mitigated with cross currency swaps e interest rate swaps in which they pay a fixed rate and receive a variable rate. Effectiveness is evaluated using linear regression techniques to compare changes in the fair value of the debt at interest and exchange rates with changes in the fair value of interest rate swaps o loss cross currency swaps. Within the cash flow hedges, Santander UK Group Holdings plc group has portfolios of assets and liabilities at variable rates, normally at SONIA or LIBOR. To mitigate this market rate variability risk, it contracts interest rate swaps. As Santander UK Group Holdings plc group obtains financing in the international markets, it assumes a significant exposure to currency risk mainly USD and EUR. In addition, it also holds debt securities for liquidity purposes which assume exposure mainly in JPY. To manage this exchange rate risk, spot, forward y cross currency swap are contracted to match the cash flow profile and the maturity of the estimated interest and principal repayments of the hedged item. Effectiveness is assessed by comparing changes in the fair value of the derivatives with changes in the fair value of the hedged item attributable to the hedged risk by applying a hypothetical derivative method using linear regression techniques. In addition, within the hedges that cover equity risk, Santander UK Group Holdings plc group offers employees the opportunity to purchase shares of the Bank at a discount under the sharesave scheme, exposing the Bank to share price risk. As such, options are purchased allowing them to purchase shares at a pre-set price. Banco Santander, S.A. covers the risks of its balance sheet in a variety of ways. On the one hand, documented as fair value hedges, it covers the interest rate, foreign currency and credit risk of fixed-income portfolios at a fixed rate (REPOs are included in this category). Resulting, in an exposure to changes in their fair value due to variations in market conditions based on the various risks hedged, which has an impact on Banco Santander's income statement. To mitigate these risks, Banco Santander contracts derivatives, mainly interest rate swaps, cross currency swaps, cap&floors, forex forward y credit default swaps. On the other hand, the interest and exchange rate risk of loans granted to corporate clients at a fixed rate is generally covered. These hedges, are carried out through interest rate swaps, cross currency swaps and exchange rate derivatives (forex swaps and forex forward). In addition, Banco Santander, S.A. manages the interest and exchange risk of debt issues in its various categories (issuing covered bonds, perpetual, subordinated and senior bond) and in different currencies, denominated at fixed rates, and therefore subject to changes in their fair value. These issues are covered through interest rate swaps, cross currency swaps or a mix of both by applying differentiated fair value hedging strategies for interest rate risk and cash flow hedging strategies to hedge foreign exchange risk. The methodology used by Banco Santander, S.A. to measure the effectiveness of fair value hedges is based on comparing the market values of the hedged items (based on the objective risk of the hedge) and of the hedging instruments in order to analyse whether the changes in the market value of the hedged items are offset by the market value of the hedging instruments, thereby mitigating the hedged risk and minimizing volatility in the income statement. Prospectively, the same analysis is performed, measuring the theoretical market values in the event of parallel variations in the market curves of a positive basis point. There is a macro hedge of structured loans in which the interest rate risk of fixed-rate loans (mortgage, personal or with other guarantees) granted to legal entities in commercial or corporate banking and wealth clients in the medium-long term is hedged. This hedge is instrumented as a macro hedge of fair value, the main hedging instruments being interest rate swap and cap&floors. In case of total or partial cancellation or early repayment, the customer is obliged to pay/receive the cost/income of the cancellation of the interest rate risk hedge managed by the Bank. Regarding cash flow hedges, the objective is to hedge the cash flow exposure to changes in interest rates and exchange rates. For retrospective purposes, the hypothetical derivative methodology is used to measure effectiveness. By means of this methodology, the hedged risk is modelled as a derivative instrument -not real-, created exclusively for the purpose of measuring the effectiveness of the hedge, and which must comply with the fact that its main characteristics coincide with the critical terms of the hedged item throughout the period for which the hedging relationship is designated. This hypothetical derivative does not incorporate characteristics that are exclusive to the hedging instrument. Additionally, it is worth mentioning that any risk component not associated with the hedged objective risk and effectively documented at the beginning of the hedge is excluded for the purpose of calculating the effectiveness. The market value of the hypothetical derivative that replicates the hedged item is compared with the market value of the hedging instrument, verifying that the hedged risk is effectively mitigated and that the impact on the income statement due to potential ineffectiveness is residual. Prospectively, the variations in the market values of the hedging instrument and the hedged item (represented by the hypothetical derivative) are measured in the event of parallel shifts of a positive basis point in the affected market curves. There is another macro-hedge, this time of cash flows, the purpose of which is to actively manage the risk-free interest rate risk (excluding credit risk) of a portion of the floating rate assets of Banco Santander, S.A., through the arrangement of interest rate derivatives whereby the bank exchanges floating rate interest flows for others at a fixed rate agreed at the time the transactions are arranged. The items affected by the Macro-hedging have been designated as those in which their cash flows are exposed to interest rate risk, specifically the floating rate mortgages of the Banco Santander, S.A. network referenced to Euribor 12 Months or Euribor Mortgage, with annual renewal of rates, classified as sound risk and which do not have a contractual floor (or, if not, this floor is not activated). The hedged position affecting the Macro Cash Flow Hedge at the present time is EUR 7,000 million. Regarding net foreign investments hedges, basically, they are allocated in Banco Santander, S.A. and Santander Consumer Finance Group. Grupo Santander assumes as a priority risk management objective to minimize -to the limit determined by the Group's Financial Management- the impact on the calculation of the capital ratio of its permanent investments included within the Group's consolidation perimeter, and whose shares or equity interests are legally denominated in a currency other than that of the Group's parent company. For this purpose, financial instruments (generally derivatives) are contracted to hedge the impact on the capital ratio of changes in forward exchange rates. Grupo Santander mainly hedges the risk for the following currencies: BRL, CLP, MXN, CAD, COP, CNY, GBP, CHF, NOK, USD, and PLN. The instruments used to hedge the risk of these investments are forex swaps, forex forward and spot currency purchases/sales. For this type of hedges, ineffectiveness scenarios are considered to be of low probability, given that the hedging instrument is designated considering the position determined and the spot rate at which the position is located. The following table sets out the maturity profile of the hedging instruments used in Grupo Santander non-dynamic hedging strategies: EUR million 31 December 2021 Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges 5,546 11,786 45,119 114,828 29,678 206,957 Interest rate risk 4,324 9,978 33,873 103,216 24,785 176,176 Of which: Interest rate swap 267 2,138 4,189 42,398 17,912 66,904 Call money swap 3,716 7,527 25,588 56,120 4,370 97,321 Exchange rate risk 598 1,712 11,013 5,550 2,365 21,238 Fx forward 598 1,712 11,013 586 — 13,909 Future interest rate — — — 4,964 2,365 7,329 Interest rate and exchange rate risk 624 77 199 5,898 2,528 9,326 Of which: Interest rate swap — — — 1,232 418 1,650 Currency swap 624 72 198 4,437 2,066 7,397 Inflation risk — — — 44 — 44 Credit risk — 19 34 120 — 173 Cash flow hedges 17,674 3,208 20,459 102,833 16,223 160,397 Interest rate risk 13,047 1,061 9,875 68,867 6,798 99,648 Of which: Future interest rate 7,097 — 244 311 — 7,652 Interest rate swap 2,336 310 7,759 58,930 136 69,471 Call money swap 1,202 751 858 7,920 6,115 16,846 Exchange rate risk 3,438 1,348 3,195 15,506 3,856 27,343 Of which: FX forward 2,406 1,309 1,947 2,719 — 8,381 Currency swap 1,032 39 1,248 9,885 2,800 15,004 Interest rate and exchange rate risk 860 336 5,924 11,165 3,324 21,609 Of which: Interest rate swap — — — 2,505 1,099 3,604 Currency swap 860 336 5,924 7,660 2,225 17,005 Inflation risk 329 463 1,463 7,246 2,240 11,741 Of which: Currency swap 82 339 597 7,245 2,240 10,503 Equity risk — — 2 49 5 56 Hedges of net investments in foreign operations: 4,097 5,346 13,235 2,916 — 25,594 Exchange rate risk 4,097 5,346 13,235 2,916 — 25,594 FX forward 4,097 5,346 13,235 2,916 — 25,594 27,317 20,340 78,813 220,577 45,901 392,948 EUR million 31 December 2020 Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges 7,132 14,221 44,897 95,343 37,667 199,260 Interest rate risk 5,616 9,667 39,921 90,913 35,465 181,582 Of which: Interest rate swap 3,943 4,804 24,807 33,333 27,826 94,713 Call money swap 1,021 4,662 11,241 49,624 3,192 69,740 Exchange rate risk 1,516 4,264 3,257 — — 9,037 Of which: Fx forward 901 4,264 3,257 — — 8,422 Interest rate and exchange rate risk — 282 1,711 4,239 2,202 8,434 Of which: Currency swap — 282 1,711 3,607 2,104 7,704 Credit risk — 8 8 191 — 207 Cash flow hedges 10,489 11,629 44,127 61,186 11,725 139,156 Interest rate risk 6,019 6,707 33,070 26,959 1,976 74,731 Of which: Future interest rate 5,213 — — 2,279 — 7,492 Interest rate swap 806 4,626 29,511 11,219 385 46,547 Call money swap — 1,502 1,550 7,890 1,181 12,123 Exchange rate risk 1,746 2,336 4,616 13,071 1,714 23,483 Of which: FX forward 1,532 2,243 3,040 2,336 — 9,151 Currency swap 214 93 1,576 9,828 1,714 13,425 Interest rate and exchange rate risk 1,691 972 5,634 15,687 3,037 27,021 Of which: Interest rate swap 816 — 981 2,402 1,019 5,218 Currency swap 875 972 4,653 11,164 2,018 19,682 Inflation risk 1,033 1,614 807 5,456 4,997 13,907 Of which: Currency swap 33 181 229 4,766 4,997 10,206 Equity risk — — — 13 1 14 Hedges of net investments in foreign operations: 2,435 5,086 12,831 1,858 — 22,210 Exchange rate risk 2,435 5,086 12,831 1,858 — 22,210 FX forward 2,435 5,086 12,831 1,858 — 22,210 20,056 30,936 101,855 158,387 49,392 360,626 EUR million 31 December 2019 Up to one month One to three months Three months One year More than five Total Fair value hedges 5,816 14,591 43,236 90,707 48,198 202,548 Interest rate risk 5,468 9,055 37,627 86,119 45,317 183,586 Of which: Future interest rate 16 — 606 6,066 5,637 12,325 Interest rate swap 734 3,532 24,382 62,474 26,317 117,439 Call money swap 4,674 5,318 12,085 14,653 8,061 44,791 Exchange rate risk 333 4,090 5,172 411 — 10,006 Of which: Fx forward 329 4,090 5,082 221 — 9,722 Interest rate and exchange rate risk 15 1,432 437 3,933 2,881 8,698 Credit risk — 14 — 244 0 258 Cash flow hedges 16,506 5,912 38,678 62,119 12,224 135,439 Interest rate risk 13,023 2,179 13,011 26,332 1,265 55,810 Of which: Futures 12,304 385 3,196 5,770 — 21,655 Interest rate swap 460 864 7,441 12,585 142 21,492 Call money swap — 398 1,253 3,925 588 6,164 Exchange rate risk 2,300 2,572 14,324 11,753 854 31,803 Of which: Future interest rate — — 9,290 — — 9,290 FX forward 2,173 1,746 3,404 3,272 — 10,595 Currency swap 127 826 1,630 7,593 854 11,030 Interest rate and exchange rate risk 1,086 308 9,221 20,782 7,541 38,938 Of which: Interest rate swap — — 1,917 2,880 2,550 7,347 Currency swap 1,086 308 5,553 15,106 4,991 27,044 Inflation risk 97 853 2,114 3,204 2,562 8,830 Of which: FX forward — 117 1,205 908 — 2,230 Currency swap 97 736 909 2,207 2,562 6,511 Equity risk — — 8 48 2 58 Hedges of net investments in foreign operations 2,735 4,191 14,192 3,359 — 24,477 Exchange rate risk 2,735 4,191 14,192 3,359 — 24,477 FX forward 2,735 4,191 14,192 3,359 — 24,477 25,057 24,694 96,106 156,185 60,422 362,464 Additionally, for Santander UK Group Holdings plc and Banco Santander, S.A., both the maturity profile, the average interest and exchange rate of hedging instruments by maturity buckets are shown: Santander UK Group Holdings plc group 31 December 2021 EUR million Up to one month One to three months Three months One year More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 3,716 7,408 25,525 53,427 5,942 96,018 Average fixed interest rate (%) GBP 0.590 0.420 0.090 0.910 3.130 Average fixed interest rate (%) EUR 0.510 1.740 1.080 0.810 2.610 Average fixed interest rate (%) USD 1.910 0.960 1.440 2.760 4.050 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 127 683 165 975 Average GBP/EUR exchange rate — — 1.205 1.159 1.171 Average fixed interest rate (%) EUR — — 3.290 2.030 2.620 Cash flow hedges Interest rate risk Interest rate instruments Nominal 1,203 572 1,036 8,967 6,115 17,893 Average fixed interest rate (%) GBP 1.970 0.440 0.080 1.290 0.970 Foreign exchange risk Exchange and interest rate instruments Nominal 3,218 1,114 2,448 10,897 3,584 21,261 Average GBP/JPY exchange rate — 142.905 148.856 — — Average GBP/EUR exchange rate 1.165 — 1.185 1.159 1.174 Average GBP/USD exchange rate 1.344 1.342 1.332 1.339 1.388 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 739 — 1,000 8,112 2,860 12,711 Average GBP/EUR exchange rate 1.277 — 1.386 1.202 1.200 Average GBP/USD exchange rate — — — 1.609 1.381 Average fixed interest rate (%) GBP 2.260 — 1.170 2.720 3.410 31 December 2020 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 2,704 8,481 30,946 53,170 9,050 104,351 Average fixed interest rate (%) GBP 0.690 0.650 0.820 0.730 3.720 Average fixed interest rate (%) EUR 1.180 0.230 3.020 0.980 2.340 Average fixed interest rate (%) USD 1.870 1.720 2.890 2.490 4.160 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 147 776 260 1,183 Average GBP/EUR exchange rate — — 1.141 1.170 1.167 Average fixed interest rate (%) EUR — — 4.640 1.780 3.560 Cash flow hedges Interest rate risk Interest rate instruments Nominal — 999 2,815 8,869 1,180 13,863 Average fixed interest rate (%) GBP — 0.460 0.570 1.450 1.330 Foreign exchange risk Exchange and interest rate instruments Nominal 1,602 2,244 4,317 8,328 1,246 17,737 Average GBP/JPY exchange rate — 137.977 135.607 132.271 — Average GBP/EUR exchange rate — — — 1.163 1.179 Average GBP/USD exchange rate 1.293 1.316 1.323 1.304 — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 1,630 — 3,858 11,816 2,792 20,096 Average GBP/EUR exchange rate — — 1.354 1.253 1.197 Average GBP/USD exchange rate 1.465 — — 1.609 1.381 Average fixed interest rate (%) GBP 2.010 — 3.180 2.480 3.390 31 December 2019 EUR million Up to one month One to three months Three months One year More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 5,118 6,822 32,210 51,307 15,397 110,854 Average fixed interest rate (%) GBP 0.770 0.900 0.880 1.330 3.000 Average fixed interest rate (%) EUR (0.410) 0.290 2.210 1.360 2.360 Average fixed interest rate (%) USD — 1.540 1.990 2.690 4.560 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — 887 — 394 738 2,019 Average GBP/EUR exchange rate — — — 1.178 1.160 Average GBP/USD exchange rate — 1.511 — — — Average fixed interest rate (%) EUR — — — 3.520 2.120 Average fixed interest rate (%) USD — 2.380 — — — Cash flow hedges Interest rate risk Interest rate instruments Nominal — 398 1,253 5,490 588 7,729 Average fixed interest rate (%) GBP — 0.760 0.820 1.460 0.400 Foreign exchange risk Exchange and interest rate instruments Nominal 1,395 2,491 4,417 7,019 — 15,322 Average GBP/JPY exchange rate — 145.928 143.086 140.815 — Average GBP/EUR exchange rate — 1.144 1.117 1.153 — Average GBP/USD exchange rate 1.286 1.252 1.293 1.299 — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 954 — 7,626 15,089 7,291 30,960 Average GBP/EUR exchange rate 1.274 — 1.169 1.311 1.209 Average GBP/USD exchange rate — — 1.536 1.581 1.450 Average fixed interest rate (%) GBP 2.490 — 2.160 2.870 2.960 Banco Santander, S.A. 31 December 2021 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 14 1,822 3,038 21,507 10,031 36,412 Average fixed interest rate (%) GBP — — — 2.139 1.750 Average fixed interest rate (%) EUR 3.859 0.989 (0.031) 1.212 1.532 Average fixed interest rate (%) CHF — — — 0.828 0.403 Average fixed interest rate (%) JPY — — — 0.465 — Average fixed interest rate (%) USD 4.746 1.449 3.459 2.737 3.374 Average fixed interest rate (%) RON — — — 4.211 3.200 Foreign exchange risk Exchange and interest rate instruments Nominal 503 1,634 10,350 586 — 13,073 Average GBP/EUR exchange rate — 0.882 0.865 0.876 — Average USD/EUR exchange rate 1.187 1.172 1.180 — — Average CNY/EUR exchange rate 7.859 7.717 7.412 — — Average PEN/USD exchange rate — 4.003 — — — Average JPY/EUR exchange rate 132.688 130.741 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 116 1,109 53 3,255 1,279 5,812 Average fixed interest rate (%) AUD/EUR — — — 4.000 4.661 Average fixed interest rate (%) CZK/EUR — — — 0.860 — Average fixed interest rate (%) RON/EUR — — — 4.849 — Average fixed interest rate (%) HKD/EUR — — — 2.580 — Average fixed interest rate (%) JPY/EUR — — — 0.730 1.144 Average fixed interest rate (%) NOK/EUR — — — — 3.605 Average fixed interest rate (%) CHF/EUR — — — 0.760 1.243 Average fixed interest rate (%) USD/COP — 5.140 9.470 6.789 7.153 Average fixed interest rate (%) COP/USD — — — (0.140) — Average fixed interest rate (%) USD/CLP — — — 3.450 — Average AUD/EUR exchange rate — — — 1.499 1.529 Average CZK/EUR exchange rate — — — 25.506 — Average EUR/GBP exchange rate — 1.176 — — — Average EUR/USD exchange rate — — — 0.891 — Average HKD/EUR exchange rate — — — 8.782 — Average JPY/EUR exchange rate — — — 132.966 126.605 Average MXN/EUR exchange rate — — 14.696 — — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.815 4.927 Average CHF/EUR exchange rate — — — 1.092 1.105 Average USD/CLP exchange rate — — — 0.001 — Average NZD/EUR exchange rate — — — — 1.666 Average USD/MXN exchange rate — — — 0.050 — Credit risk Credit risk instruments Nominal — 19 34 120 — 173 31 December 2021 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — 9 1,169 1,848 408 3,434 Average fixed interest rate (%) EUR/PEN — — 3.441 — — Average fixed interest rate (%) EUR/AUD — 1.632 — — — Average fixed interest rate (%) AUD/EUR — — — 0.305 — Average EUR/GBP exchange rate — — 1.102 1.113 — Average EUR/USD exchange rate — — — 0.882 — Average AUD/EUR exchange rate — — — 1.604 1.562 Average RON/EUR exchange rate — — — 4.885 — Average JPY/EUR exchange rate — — — 120.568 — Average CHF/EUR exchange rate — — — — 1.102 Average NOK/EUR exchange rate — — — — 10.242 Average CZK/EUR exchange rate — — — 26.131 — Average EUR/PEN exchange rate — — 0.208 — — Average EUR/AUD exchange rate — 0.624 — — — Interest rate risk Bond Forward instruments Nominal 4,279 — 5,191 38,314 — 47,784 Average fixed interest rate (%) EUR — — (0.465) (0.258) — Average fixed interest rate (%) USD — — 1.765 — — Average fixed interest rate (%) AUD — — — 1.650 — Hedges of net investments in foreign operations Exchange rate risk Exchange and interest rate instruments Nominal 3,778 4,848 11,815 2,916 — 23,357 Average BRL/EUR exchange rate 6.663 6.758 6.841 — — Average CLP/EUR exchange rate 943.354 929.690 949.615 — — Average COP/EUR exchange rate — — 4,538.997 — — Average GBP/EUR exchange rate 0.854 0.857 0.855 0.875 — Average MXN/EUR exchange rate 25.541 25.335 25.192 — — Average PLN/EUR exchange rate 4.592 4.582 4.634 — — Average USD/EUR exchange rate — — 1.167 1.233 — 31 December 2020 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 2,073 409 2,165 17,430 14,294 36,371 Average fixed interest rate (%) GBP — — — 1.375 4.072 Average fixed interest rate (%) EUR 0.647 0.551 0.388 0.820 1.927 Average fixed interest rate (%) CHF — — — 0.800 0.403 Average fixed interest rate (%) JPY — — — 0.465 — Average fixed interest rate (%) USD 0.698 0.570 2.031 3.004 3.562 Average fixed interest rate (%) RON — — — 3.610 — Foreign exchange risk Exchange and interest rate instruments Nominal 833 4,149 3,008 — — 7,990 Average GBP/EUR exchange rate — 0.901 0.916 — — Average USD/EUR exchange rate 1.165 1.171 1.178 — — Average COP/USD exchange rate 3,628.140 3,603.595 — — — Average CNY/EUR exchange rate 8.108 8.102 7.997 — — Average SAR/EUR exchange rate 4.484 4.514 — — — Average PEN/USD exchange rate — 3.609 — — — Average AUD/EUR exchange rate — 1.609 — — — Average JPY/EUR exchange rate — 124.612 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — 282 818 2,621 1,083 4,804 Average fixed interest rate (%) AUD/EUR — — — 4.000 4.660 Average fixed interest rate (%) CZK/EUR — — — 0.860 — Average fixed interest rate (%) EUR/COP — — 4.380 — — Average fixed interest rate (%) RON/EUR — — — 4.849 — Average fixed interest rate (%) HKD/EUR — — — 2.580 — Average fixed interest rate (%) JPY/EUR — — 2.195 0.568 1.281 Average fixed interest rate (%) NOK/EUR — — — — 3.605 Average fixed interest rate (%) CHF/EUR — — — — 1.243 Average fixed interest rate (%) USD/COP — — 8.030 6.659 7.231 Average fixed interest rate (%) COP/USD — — 6.000 — — Average fixed interest rate (%) USD/CLP — — 0.930 — — Average AUD/EUR exchange rate — — — 1.499 1.508 Average COP/USD exchange rate — — 3,437.200 — — Average CZK/EUR exchange rate — — — 25.539 — Average EUR/GBP exchange rate — 1.113 — — — Average EUR/USD exchange rate — — — 0.891 — Average HKD/EUR exchange rate — — — 8.782 — Average JPY/EUR exchange rate — — 113.370 133.840 125.883 Average MXN/EUR exchange rate — — — 14.696 — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.727 — Average CHF/EUR exchange rate — — — 1.092 1.105 Average USD/CLP exchange rate — — 0.001 — — Average USD/MXN exchange rate — — 0.050 — — 31 December 2020 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Credit risk Credit risk instruments Nominal — 8 8 191 — 207 Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — — 1,247 3,242 208 4,697 Average EUR/GBP exchange rate — — 1.080 1.102 — Average EUR/USD exchange rate — — — 0.882 — Average AUD/EUR exchange rate — — — 1.625 — Average RON/EUR exchange rate — — — 4.810 — Avera |
Discontinued operations
Discontinued operations | 12 Months Ended |
Dec. 31, 2021 | |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | |
Discontinued operations | Discontinued operationsNo operations were discontinued in 2021, 2020 or 2019. |
Interest income
Interest income | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Interest income | |
Interest income | Interest income Interest and similar income in the consolidated income statement comprises the interest accruing in the year on all financial assets with an implicit or explicit return, calculated by applying the effective interest method, irrespective of measurement at fair value; and the rectifications of income as a result of hedge accounting. Interest is recognised gross, without deducting any tax withheld at source. The detail of the main interest and similar income items earned in 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Loans and advances, central banks 476 431 1,314 Loans and advances, credit institutions 916 894 1,785 Debt instruments 5,724 5,022 6,378 Loans and advances, customers 38,649 38,788 46,180 Other interest 698 606 1,128 46,463 45,741 56,785 Most of the interest and similar income was generated by the Group’s financial assets that are measured either at amortised cost or at fair value through Other comprehensive income. |
Interest expense
Interest expense | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Interest Expense | |
Interest expense | Interest expense Interest expense and similar charges in the consolidated income statement includes the interest accruing in the year on all financial liabilities with an implicit or explicit return, including remuneration in kind, calculated by applying the effective interest method, irrespective of measurement at fair value; the rectifications of cost as a result of hedge accounting; and the interest cost attributable to provisions recorded for pensions. The detail of the main items of interest expense and similar charges accrued in 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Central banks deposits 338 366 468 Credit institution deposits 1,140 1,652 2,576 Customer deposits 5,452 5,599 10,137 Debt securities issued and subordinated liabilities 4,838 5,119 6,679 Marketable debt securities 4,190 4,548 6,034 Subordinated liabilities (note 23) 648 571 645 Provisions for pensions (note 25) 91 95 145 Lease Liabilities 125 186 273 Other interest expense 1,109 730 1,224 13,093 13,747 21,502 Most of the interest expense and similar charges was generated by the Group’s financial liabilities that are measured at amortised cost. |
Dividend income
Dividend income | 12 Months Ended |
Dec. 31, 2021 | |
Dividend income Abstract | |
Dividend income | Dividend income Dividend income includes the dividends and payments on equity instruments out of profits generated by investees after the acquisition of the equity interest. The detail of Income from dividends as follows: EUR million 2021 2020 2019 Dividend income classified as: Financial assets held for trading 369 272 388 Non-trading financial assets mandatorily at fair value through profit or loss 32 31 34 Financial assets at fair value through other comprehensive income 112 88 111 513 391 533 |
Commission income
Commission income | 12 Months Ended |
Dec. 31, 2021 | |
Fee and commission income [abstract] | |
Commission income | Commission income Commission income comprises the amount of all fees and commissions accruing in favour of the Group in the year, except those that form an integral part of the effective interest rate on financial instruments. The detail of fee and commission income is as follows: EUR million 2021 2020 2019 Coming from collection and payment services Bills 214 265 328 Demand accounts 1,408 1,284 1,382 Cards 3,138 2,986 3,858 Orders 503 484 478 Cheques and other 139 110 155 5,402 5,129 6,201 Coming from non-banking financial products Investment funds 992 888 943 Pension funds 161 170 180 Insurance 2,467 2,289 2,631 3,620 3,347 3,754 Coming from Securities services Securities underwriting and placement 431 394 364 Securities trading 319 316 281 Administration and custody 402 336 485 Asset management 369 316 293 1,521 1,362 1,423 Other Foreign exchange 522 500 612 Financial guarantees 415 409 521 Commitment fees 442 366 293 Other fees and commissions 1,890 1,911 2,545 3,269 3,186 3,971 13,812 13,024 15,349 |
Commission expense
Commission expense | 12 Months Ended |
Dec. 31, 2021 | |
Fee and commission expense [abstract] | |
Commission expense | Commission expense Commission expense shows the amount of all fees and commissions paid or payable by the Group in the year, except those that form an integral part of the effective interest rate on financial instruments. The detail of commission expense is as follows: EUR million 2021 2020 2019 Commissions assigned to third parties 1,993 1,856 2,350 Cards 1,355 1,249 1,616 By collection and return of effects 16 12 12 Other fees assigned 622 595 722 Other commissions paid 1,317 1,153 1,220 Brokerage fees on lending and deposit transactions 60 26 27 Sales of insurance and pension funds 341 248 232 Other fees and commissions 916 879 961 3,310 3,009 3,570 |
Gains or losses on financial as
Gains or losses on financial assets and liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Gains or losses on financial assets and liabilities | |
Gains or losses on financial assets and liabilities | Gains or losses on financial assets and liabilities The following information is presented below regarding the gains or losses recorded for financial assets or liabilities: a) Breakdown The detail, by origin, of Gains/losses on financial assets and liabilities: EUR million 2021 2020 2019 Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net 628 1,107 1,136 Financial assets at amortized cost 89 (31) 308 Other financial assets and liabilities 539 1,138 828 Of which debt instruments 567 1,179 804 Gains or losses on financial assets and liabilities held for trading, net* 1,141 3,211 1,349 Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss 132 82 292 Gains or losses on financial assets and liabilities measured at fair value through profit or loss, net* 270 (171) (286) Gains or losses from hedge accounting, net (46) 51 (28) 2,125 4,280 2,463 * Includes the net result obtained by transactions with debt securities, equity instruments, derivatives and short positions included in this portfolio when the Group jointly manages its risk in these instruments. As explained in note 44, the above breakdown should be analysed in conjunction with the 'Exchange differences, net': EUR million 2021 2020 2019 Exchange differences, net (562) (2,093) (932) b) Financial assets and liabilities at fair value through profit or loss The detail of the amount of the asset balances is as follows: EUR million 2021 2020 2019 Loans and receivables: 34,812 46,589 59,624 Central banks 3,608 9,481 6,473 Credit institutions 13,549 12,139 21,649 Customers 17,655 24,969 31,502 Debt instruments 30,223 41,573 36,402 Equity instruments 19,119 12,849 15,787 Derivatives 54,292 67,137 63,397 138,446 168,148 175,210 Grupo Santander mitigates and reduces this exposure as follows: • With respect to derivatives, the Group has entered into framework agreements with a large number of credit institutions and customers for the netting-off of asset positions and the provision of collateral for non-payment. At 31 December 2021 the exposure to credit risk of the derivatives presented in the balance sheet is not significant because they are subject to netting and collateral agreements (see note 2.f). • Loans and advances to credit institutions and Loans and advances includes reverse repos amounting to EUR 26,060 million at 31 December 2021. Also, mortgage-backed assets totalled EUR 1,299 million. • Debt instruments include EUR 24,117 million of Spanish and foreign government securities. At 31 December 2021 the amount of the change in the year in the fair value of financial assets at fair value through profit or loss attributable to variations in their credit risk (spread) was not material. The detail of the amount of the liability balances is as follows: EUR million 2021 2020 2019 Deposits 40,946 43,598 57,111 Central banks 1,645 2,490 12,854 Credit institutions 7,552 6,765 9,340 Customer 31,749 34,343 34,917 Marketable debt securities 5,454 4,440 3,758 Short positions 12,236 16,698 14,123 Derivatives 53,566 64,469 63,016 Other financial liabilities — — 126 112,202 129,205 138,134 At 31 December 2021, the amount of the change in the fair value of financial liabilities at fair value through profit or loss attributable to changes in their credit risk during the year is not material. In relation to liabilities designated at fair value through profit or loss where it has been determined at initial recognition that the credit risk is recorded in accumulated 'Other comprehensive income' (see 'Statement of recognised income and expense') the amount that the Group would be contractually obliged to pay on maturity of these liabilities at 31 December 2021 is EUR 81 million lower than their carrying amount (EUR 119 million at 31 December 2020 and EUR 26 million at 31 December 2019). Within Deposits, there are repurchase agreements amounting to EUR 14,057 million at 31 December 2021. |
Exchange differences, net
Exchange differences, net | 12 Months Ended |
Dec. 31, 2021 | |
Foreign exchange rates [abstract] | |
Exchange differences, net | Exchange differences, net Exchange differences shows basically the gains or losses on currency dealings, the differences that arise on translations of monetary items in foreign currencies to the functional currency. Grupo Santander manages the currencies to which it is exposed together with the arrangement of derivative instruments and, accordingly, the changes in this line item should be analysed together with those recognised under 'Gains/losses on financial assets and liabilities' (see note 43). |
Other operating income and expe
Other operating income and expenses | 12 Months Ended |
Dec. 31, 2021 | |
Other operating income and expenses | |
Other operating income and expenses | Other operating income and expenses Other operating income and Other operating expenses in the consolidated income statements include: EUR million 2021 2020 2019 Insurance activity 211 210 120 Income from insurance and reinsurance contracts issued 1,516 1,452 2,534 Of which: Insurance and reinsurance premium income 1,381 1,349 2,404 Reinsurance income (note 15) 135 103 130 Expenses of insurance and reinsurance contracts (1,305) (1,242) (2,414) Of which: Claims paid, other insurance-related expenses and net provisions for insurance contract liabilities (1,097) (1,063) (2,183) Reinsurance premiums paid (208) (179) (231) Other operating income 2,255 1,920 1,797 Non- financial services 291 362 379 Other operating income 1,964 1,558 1,418 Other operating expense (2,442) (2,342) (2,138) Non-financial services (283) (350) (351) Other operating expense: (2,159) (1,992) (1,787) Of which, credit institutions deposit guarantee fund and single resolution fund (1,016) (1,005) (911) 24 (212) (221) Most of Banco Santander’s insurance activity is carried on in life insurance. The amount of the Group recognises in relation to income from sub-leases of rights of use is not material. |
Staff costs
Staff costs | 12 Months Ended |
Dec. 31, 2021 | |
Average headcount and number of offices | |
Staff costs | Staff costs a) Breakdown The detail of Staff costs is as follows: EUR million 2021 2020 2019 Wages and salaries 8,466 8,070 8,987 Social Security costs 1,323 1,277 1,426 Additions to provisions for defined benefit pension plans (note 25) 73 76 72 Contributions to defined contribution pension funds 286 283 292 Other Staff costs 1,068 1,077 1,364 11,216 10,783 12,141 b) Headcount The average number of employees in the Group and Banco Santander, S.A., by professional category, was as follows: Average number of employees 2021 2020 2019 Banco Santander, S.A. 24,512 27,503 30,009 Executive directors and Senior management 19 21 20 Other line personnel 23,343 26,527 29,147 Branches abroad 1,150 955 842 Rest of Spain 10,348 8,878 8,269 Santander UK plc 15,463 16,790 17,961 Santander Brasil 46,269 44,554 47,253 Other companies* 95,913 96,166 97,622 192,505 193,891 201,114 * Does not include staff affected by discontinued operations. The number of employees, at the end of 2021, 2020 and 2019, was 197,070, 191,189 and 196,419, respectively. The functional breakdown (final employment), by gender, at 31 December 2021 is as follows: FUNCTIONAL BREAKDOWN BY GENDER Senior executives Other executives Other personnel Men Women Men Women Men Women Europe 1,039 390 6,865 3,926 29,934 37,773 North America 223 60 1,181 583 18,299 23,226 South America 318 115 2,955 1,934 29,137 39,112 1,580 565 11,001 6,443 77,370 100,111 The same information, expressed in percentage terms at 31 December 2021 is as follows: Functional breakdown by gender Senior executives Other executives Other personnel Men Women Men Women Men Women Europe 73 % 27 % 64 % 36 % 44 % 56 % North America 79 % 21 % 67 % 33 % 44 % 56 % South America 73 % 27 % 60 % 40 % 43 % 57 % 74 % 26 % 63 % 37 % 44 % 56 % The labour relations between employees and the various Group companies are governed by the related collective agreements or similar regulations. The number of employees in the Group with disabilities, distributed by professional categories, at 31 December 2021, is as follows: Number of employees* 2021 Senior management 10 Management 115 Collaborators 3,578 3,703 * An employee with disabilities is considered to be a person who is recognised by the State or the company in each jurisdiction where the Group operates and that entitles them to receive direct monetary assistance, or other types of aid such as, for example, reduction of their taxes. In the case of Spain, employees with disabilities have been considered to be those with a degree of disabilities greater than or equal to 33%. The number of Group employees with disabilities at 2020 and 2019, was 3,577 and 3,584, respectively. Likewise, the average number of employees of Banco Santander, S.A. with disabilities, equal to or greater than 33%, during 2021 was 288 (319 and 318 employees during 2020 and 2019). At the end of fiscal year 2021, there were 307 employees (317 and 295 employees at 31 December, 2020 and 2019, respectively). c) Share-based payments The main share-based payments granted by the Group in force at 31 December, 2021, 2020 and 2019 are described below. i. Bank The variable remuneration policy for the Bank’s executive directors and certain executive personnel of the Bank and of other Group companies includes Bank share-based payments, the implementation of which requires, in conformity with the law and the Bank’s Bylaws, specific resolutions to be adopted by the general meeting. Were it necessary or advisable for legal, regulatory or other similar reasons, the delivery mechanisms described below may be adapted in specific cases without altering the maximum number of shares linked to the plan or the essential conditions to which the delivery thereof is subject. These adaptations may involve replacing the delivery of shares with the delivery of cash amounts of an equal value. The plans that include share-based payments are as follows: (i) Deferred and Conditional Variable Remuneration Plan; (ii) Deferred Multiyear Objectives Variable Remuneration Plan; (iii) Digital Transformation Award. The characteristics of the plans are set forth below: Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (i) Deferred and conditional variable remuneration plan (2015, 2016, 2017, 2018, 2019, 2020 and 2021) The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three years for the sixth cycles, and over three Beneficiaries: • Executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration which puts them on the same remuneration level as senior executives and employees who assume risks (fifth cycle) • In the case of the sixth, seventh, eighth, ninth, tenth and eleventh cycle, the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan. For the fifth and sixth cycles (2015 to 2016), the accrual of deferred compensation is conditioned, in addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations upon none of the following circumstances existing during the period prior to each of the deliveries, pursuant to the provisions set forth in each case in the plan regulations: i. Poor financial performance of the Group. ii. breach by the beneficiary of internal regulations, including, in particular, those relating to risks. iii. material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards. iv. Significant changes in the Group’s economic capital or risk profile In the case of the seventh, eighth, ninth, tenth and eleventh cycles (2017 to 2021), the accrual of deferred compensation is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan's regulations, to no assumptions in which there is a poor performance of the entity as a whole or of a specific division or area of the entity or of the exposures generated by the personnel, and at least the following factors must be considered: v. significant failures in risk management committed by the entity , or by a business unit or risk control unit. vi. the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures. vii. Regulatory sanctions or judicial sentences for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity. viii. Irregular behaviours, whether individual or collective, considering in particular the negative effects derived from the marketing of inappropriate products and the responsibilities of the persons or bodies that made those decisions. Fifth cycles (2015): • Executive directors and members of the Identified Staff with total variable remuneration higher than 2.6 million euros: 40% paid immediately and 60% deferred over3 years (fourth cycle) or 5 years (fifth cycle). • Division managers, country heads, other executives of the Group with a similar profile and members of the Identified Staff with total variable remuneration between 1.7 million euros (1.8 million in fourth cycle) and 2.6 million euros: 50% paid immediately and 50% deferred over 3 years(fourth cycle) or 5 years (fifth cycle) • Other beneficiaries: 60% paid immediately and 40% deferred over 3 years. Sixth cycle (2016): • 60% of bonus will be paid immediately and 40% deferred over a three years period. Seventh, eighth, ninth, tenth and eleventh cycle (2017, 2018, 2019, 2020 and 2021): • Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years • Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50%paid over 5 years • Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 3 years. Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (ii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018, 2019, 2020 and 2021) The aim is simplifying the remuneration structure, improving the ex ante risk adjustment and increasing the impact of the long-term objectives on the Group’s most relevant roles. The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three Beneficiaries Executive directors, senior managers and certain executives of the Group’s first lines of responsibility. In 2016 the accrual is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan’s regulations that none of The following circumstances during the period prior to each of the deliveries in the terms set forth in each case in the plan’s regulations: i. Poor performance of the Group. ii. breach by the beneficiary of the internal regulations, including in particular that relating to risks. iii. material restatement of the Group’s consolidated financial statements, except when appropriate under a change in accounting regulations. iv. Significant changes in the Group’s economic capital or risk profile. In 2017, 2018, 2019, 2020 and 2021 the accrual is conditioned, in addition to the beneficiary permanence in the Group, with the exceptions contained in the plan’s regulations, to the non-occurrence of instances of poor financial performance from the entity as a whole or of a specific division or area thereof or of the exposures generated by the personnel, at least the following factors must be considered: v. Significant failures in risk management committed by the entity, or by a business unit or risk control unit. vi. the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures. vii. Regulatory sanctions or court rulings for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity. viii. Irregular behaviours, whether individual or collective, considering in particular negative effects derived from the marketing of inappropriate products and responsibilities of persons or bodies that made those decisions. Paid half in cash and half in shares. The maximum number of shares to be delivered is calculated by taking into account the weighted average daily volume of weighted average prices for the fifteen trading sessions prior to the previous Friday (excluding) on the date on which the board decides the bonus for the Executive directors of the Bank. First cycle (2016): • Executive directors and members of the Identified Staff with total variable remuneration higher than or equal to 2.7 million euros: 40% paid immediately and 60% deferred over a 5 years period. • Senior managers, country heads of countries representing at least 1% of the Group´s capital and other members of the identified staff whose total variable remuneration is between 1.7 million and 2.7 million euros: 50% paid immediately and 50% deferred over a 5 years period. • Other beneficiaries: 60% paid immediately and 40% deferred over a 3 years period. The second, third, fourth, fifth and sixth cycles (2017, 2018, 2019,2020 and 2021 respectively) are under the aforementioned deferral rules, except that the variable remuneration considered is the target for each executive and not the actual award. In 2016 the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: • Earnings per share (EPS) growth in 2018 over 2015. • Relative Total Shareholder Return (TSR) in the 2016-2018 period measured against a group of credit institutions. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial year 2018. • Compliance with Santander Group’s underlying return on risk-weighted assets (“RoRWA”) growth target for financial year 2018 compared to financial year 2015. In the second, third, fourth fifth and sixth cycle (2017, 2018, 2019, 2020 and 2021) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: • EPS growth in 2019, 2020, 2021, 2022 and 2023 (over 2016, 2017, 2018, 2019 and 2020, for each respective cycle) • Relative Total Shareholder Return (TSR) measured against a group of 17 credit institutions (second and third cycles) in the periods 2017-2019 and 2018-2019, respectively, and against a group of 9 entities (fourth, fifth and sixth cycle) for the 2019-2021, 2020-2022 and 2010-2023 period. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial years 2019, 2020, 2021,2022 and 2023, respectively. Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (iii) Digital Transformation Award (2019, 2020 and 2021) The 2019, 2020 and 2021 Digital Transformation Incentive (the “Digital Incentive”) is a variable remuneration system that includes the delivery of Santander shares and share options. The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent. The number of beneficiaries is limited to a maximum of 250 employees and the total amount of the incentive is limited to 30 million euros. The funding of this incentive is subject to meeting important milestones that are aligned with the Group´s digital roadmap and have been approved by the board of directors, taking into account the digitalization strategy of the Group, with the aim of becoming the best open, responsible global financial services platform. Performance of incentive shall be measured based on achievement of the following milestones: 1. Launch of a Global Trade Services (GTS) platform. 2. Launch of a Global Merchant Services (GMS) platform. 3. Migration of our fully digital bank, OpenBank, to a "next generation" platform and launch in 3 markets. 4. Extension of SuperDigital in Brazil to at least one other country. 5. Launch of our international payments app based on blockchain Pago FX to non-Santander customers. The milestones for the 2020 Digital Transformation Award were: (i) rolling out the global merchant services (GMS) platform in 3 new geographies, enhancing the platform functionality and achieving volume targets for transactions and participating merchants; (ii) doing the commercial rollout of the global trade services (GTS) platform in 8 new geographies, enhancing platform functionality, and achieving volume targets for on-boarded clients and monthly active users; (iii) launching OpenBank in a new market and migrating the retail banking infrastructure to “new-mode” bank; (iv) launch the global platform SuperDigital in at least 4 countries, driving target active user growth; (v) deploying machine learning across pre-defined markets for 4 priority use cases, rolling out Conversion Rate Optimization (Digital marketing) for at least 40 sales programs, delivering profit targets, and driving reduction of agent handled calls in contact centers; (vi) successfully implementing initiatives related to on-board and identity services, common API (application programming interface) layer, payment hubs, mobile app for SMEs and virtual assistant services; and (vii) launching the PagoFX global platform in at least 4 countries. The milestones for 2021 are: (i)in relation to Pago Nxt Consumer payment platform: implementation of Superdigital platform in seven countries, acquisition of over 1.5 million active customer base and accelerating growth through B2B (business to business) and B2B2C (business to business to customer) partnerships, acquiring more than 50% of the new customers through these channels, which are more cost-effective; (ii)in relation to Digital Consumer Bank: launching online API for checkout lending in the European Union and completion of controllable items for Openbank launch in USA; (iii)in relation to One Santander strategy: implementation in Europe of One Common Mobile Experience and, specifically, implementation of Europe ONE app for individual customers in at least three of the four countries by December 2021; and be among the three-top rated entities in terms of Mobile NetPromoter Score (Mobile NPS) in at least two of the four countries by December 2021; (iv) In relation to cloud adoption: host 75% of migratable virtual machines on cloud technology (either public cloud or OHE) by December 2021. For these purposes, mainframes, physical servers and servers with non-x86 operating systems will be considered non-migratable. The Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five years deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting. Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general malus & clawback provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Santander Group. In this regard, the board may define specific rules for non-Identified Staff. Vested share options can be exercised until maturity, with all options lapsing after ten years (for granting the 2019 incentive) and eight years (for granting the 2020 and 2021 incentive). The total achievement for 2021 Digital Incentive was 77.5% (85% en 2020 and 83% en 2019). ii. Santander UK plc The long-term incentive plans on shares of the Bank granted by management of Santander UK plc to its employees are as follows: Number of shares (in thousand) Exercise price in pounds sterling* Year granted Employee group Number of persons** Date of commencement of exercise period Date of expiry of exercise period Plans outstanding at 01/01/2019 26.838 Options granted (sharesave) 9,594 2.83 2019 Employees 5,606 01/11/19 01/11/22 01/11/19 01/11/24 Options exercised (7,978) 2.83 Options cancelled (net) or not exercised (5,081) 3.42 Plans outstanding at 31/12/2019 23,373 Options granted (sharesave) 11,642 1.65 2020 Employees 5,012 01/11/20 01/11/23 01/11/20 01/11/25 Options exercised (860) 2.75 Options cancelled (net) or not exercised (12,993) 2.96 Plans outstanding at 31/12/2020 21,162 Options granted (sharesave) 9,414 2.43 2021 Employees 4,142 11/01/21 11/01/24 11/01/21 11/01/26 Options exercised (48) 1.86 Options cancelled (net) or not exercised (4,592) 2.95 Plans outstanding at 31/12/2021 25,936 * At 31 December, 2021, 2020 and 2019, the euro/pound sterling exchange rate was EUR 1.1904 GBP 1, EUR 1.1168 GBP 1; EUR 1.1754 GBP 1, respectively. ** Number of accounts/contracts. A single employee may have more than one account/contract. In 2008 the Group launched a voluntary savings scheme for Santander UK employees (Sharesave Scheme) whereby employees who join the scheme see deducted between GBP 5 and GBP 500 from their net monthly pay over a period of three iii. Fair value The fair value of the performance share plans was calculated as follows: a) Deferred variable compensation plan linked to multi-year objectives 2019, 2020 and 2021: The Group calculates at the grant date the fair value of the plan based on the valuation report of an independent expert, Willis Towers Watson. According to the design of the plan for 2019, 2020 and 2021 and the levels of achievement of similar plans in comparable entities, the expert concludes that the reasonable range for estimating the initial achievement ratio is around 60%-80%. It has been considered that the fair value is 70% of the maximum. b) Santander UK sharesave plans: The fair value of each option at the date of grant is estimated using an analytical model that also reflects the correlation between EUR and GBP. This model uses assumptions on the share price, the EUR/GBP FX rate, the EUR/GBP risk-free interest rate, dividend yields, the expected volatilities of both the underlying shares and EUR/GBP for the expected lives of options granted. The weighted average grant-date fair value of options granted during the year was GBP 0.20 (GBP 0.21 and GBP 0.49 reported in 2020 and 2019, respectively). |
Other general administrative ex
Other general administrative expenses | 12 Months Ended |
Dec. 31, 2021 | |
Other General Administrative Expense | |
Other general administrative expenses | Other general administrative expenses a) Breakdown The detail of Other general administrative expenses is as follows: EUR million 2021 2020 2019 Technology and systems 2,182 2,119 2,161 Property, fixtures and supplies 789 827 975 Technical reports 689 672 677 Taxes other than income tax 558 537 522 Advertising 510 523 685 Communications 401 473 518 Surveillance and cash courier services 306 325 416 Insurance premiums 109 88 86 Per diems and travel expenses 69 73 226 Other administrative expenses 1,830 1,900 1,872 7,443 7,537 8,138 The payments associated with short-term leases (leases less than or equal to 12 months) and leases of low-value assets, that the Group recognises as an expense in the income statement is not material. b) Technical reports and other Technical reports includes the fees paid by the various Group companies (detailed in the accompanying appendices) for the services provided by their respective auditors, the detail being as follows: EUR million 2021 2020 2019 Audit fees 103.7 99.4 102.4 Audit-related fees 6.0 6 7.8 Tax fees 0.7 0.8 0.7 All other fees 2.4 1.2 2.3 Total 112.8 107.4 113.2 The 'Audit fees' heading includes mainly, audit fees for the Banco Santander, S.A. individual and consolidated financial statements, of the companies forming part of the Group, the integrated audits prepared for the annual report filling in the Form 20-F required by the U.S. Securities and Exchange Commission (SEC) for those entities currently required to do so, the internal control audit (SOx) for those required entities, the limited review of the financial statements and the regulatory reports required by the auditor corresponding to the different locations of Grupo Santander. The main concepts included in 'Audit-related fees' correspond to aspects such as the issuance of Comfort letters, or other reviews required by different regulations in relation to aspects such as, for example, Securitization. The services commissioned from the Group's auditors meet the independence requirements stipulated by the Audit Law, the US SEC rules and the Public Company Accounting Oversight Board (PCAOB), applicable to the Group, and they did not involve in any case the performance of any work that is incompatible with the audit function. Lastly, the Group commissioned services from audit firms other than PwC amounting to EUR 263.8 million in 2021 (EUR 172.4 million and EUR 227.6 million in 2020 and 2019, respectively). The Audit fees and Audit-related fees caption includes the fees corresponding to the audit for the year, regardless of the date on which the audit was completed. In the event of subsequent adjustments, which are not significant in any case, and for purposes of comparison, they are presented in this note in the year to which the audit relates. The rest of the services are presented according to their approval by the Audit Committee. c) Number of branches The number of offices at 31 December 2021, 2020 and 2019 is as follows: Number of branches Group 2021 2020 2019 Spain 1,998 2,989 3,286 Group 7,881 8,247 8,666 9,879 11,236 11,952 |
Gains or losses on non financia
Gains or losses on non financial assets, net | 12 Months Ended |
Dec. 31, 2021 | |
Gains (losses) on disposals of non-current assets [abstract] | |
Gains or losses on non financial assets, net | Gains or losses on non financial assets, net The detail of Gains/ (losses) on disposal of assets not classified as non-current assets held for sale is as follows: EUR million 2021 2020 2019 Gains Tangible and intangible assets 87 89 131 Investments 2 60 1,219 Of which: Custody Business (note 3) — — 989 Prisma — — 194 89 149 1,350 Losses Tangible and intangible assets (36) (34) (55) Investments — (1) (4) (36) (35) (59) 53 114 1,291 |
Gains or losses on non-current
Gains or losses on non-current assets held for sale not classified as discontinued operations | 12 Months Ended |
Dec. 31, 2021 | |
Non-current assets held for sale | |
Gains or losses on non-current assets held for sale not classified as discontinued operations | Gains or losses on non-current assets held for sale not classified as discontinued operations The detail of Gains/(losses) on non-current assets held for sale not classified as discontinued operations is as follows: EUR million Net balance 2021 2020 2019 Tangible assets (52) (171) (232) Impairment (141) (215) (146) Gain (loss) on sale 89 44 (86) Other gains and other losses 9 — — (43) (171) (232) |
Other disclosures
Other disclosures | 12 Months Ended |
Dec. 31, 2021 | |
Other disclosures | |
Other disclosures | Other disclosures a) Residual maturity periods The detail, by maturity, of the balances of certain items in the consolidated balance sheet at 31 December 2021, 2020 and 2019 is presented below: 31 December 2021 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Assets Cash, cash balances at Central Banks and other deposits on demand 210,689 — — — — — — 210,689 Financial assets at fair value through other comprehensive income — 10,378 9,507 10,447 20,001 17,745 37,507 105,585 Debt instruments — 10,352 9,246 9,609 19,133 16,494 33,088 97,922 Loans and advances — 26 261 838 868 1,251 4,419 7,663 Customers — 26 261 838 868 1,251 4,419 7,663 Financial assets 35,520 89,819 72,018 121,272 154,345 130,456 434,468 1,037,898 Debt instruments — 2,229 1,983 4,171 2,205 15,388 9,732 35,708 Loans and advances 35,520 87,590 70,035 117,101 152,140 115,068 424,736 1,002,190 Central banks — 14,544 — — — — 1,113 15,657 Credits institutions 11,849 11,042 9,760 4,542 93 150 1,733 39,169 Customers 23,671 62,004 60,275 112,559 152,047 114,918 421,890 947,364 246,209 100,197 81,525 131,719 174,346 148,201 471,975 1,354,172 Liabilities Financial liabilities 718,435 98,928 70,085 99,223 194,879 98,210 69,409 1,349,169 Deposits 711,377 81,269 45,687 64,096 117,585 52,658 5,915 1,078,587 Central banks 92 4,657 1,204 2,130 91,651 40,013 10 139,757 Credit institutions 12,854 3,493 12,715 12,507 4,712 1,981 3,973 52,235 Customer deposits 698,431 73,119 31,768 49,459 21,222 10,664 1,932 886,595 Marketable debt — 13,599 17,951 29,798 71,333 45,198 62,830 240,709 Other financial liabilities 7,058 4,060 6,447 5,329 5,961 354 664 29,873 718,435 98,928 70,085 99,223 194,879 98,210 69,409 1,349,169 Difference (assets less liabilities) (472,226) 1,269 11,440 32,496 (20,533) 49,991 402,566 5,003 * Includes promissory notes, certificates of deposit and other short-term debt issues. ** See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, notes and other securities) (see note 22). Grupo Santander has accounted as "On demand", those financial liabilities assumed, in which the counterparty may require the payments. In addition, when Grupo Santander is committed to have amounts available in different maturity periods, these amounts have been accounted for in the first year, in which they may be required. Additionally, for issued financial guarantee contracts, the Group has recorded the maximum amount of the financial guarantee issued, in the first year in which the guarantee could be executed. 31 December 2020 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Assets Cash, cash balances at Central Banks and other deposits on demand 153,839 — — — — — — 153,839 Financial assets at fair value through other comprehensive income — 6,664 4,420 7,738 19,923 21,302 58,123 118,170 Debt instruments — 6,664 4,244 7,019 18,365 19,969 52,642 108,903 Loans and advances — — 176 719 1,558 1,333 5,481 9,267 Customers — — 176 719 1,558 1,333 5,481 9,267 Financial assets 51,513 57,047 60,288 109,561 150,399 120,376 409,194 958,378 Debt instruments — 2,857 1,327 5,760 3,059 5,257 7,818 26,078 Loans and advances 51,513 54,190 58,961 103,801 147,340 115,119 401,376 932,300 Central banks — 10,762 — — 673 — 1,064 12,499 Credits institutions 21,337 4,405 4,545 3,910 3,207 34 400 37,838 Customers 30,176 39,023 54,416 99,891 143,460 115,085 399,912 881,963 205,352 63,711 64,708 117,299 170,322 141,678 467,317 1,230,387 Liabilities Financial liabilities 640,613 84,875 90,394 93,296 175,238 80,041 83,731 1,248,188 Deposits 632,305 64,630 67,707 61,142 109,856 32,464 22,287 990,391 Central banks 150 5,204 5,295 3,216 83,112 15,827 — 112,804 Credit institutions 14,370 7,158 15,227 9,940 5,618 5,934 4,373 62,620 Customer deposits 617,785 52,268 47,185 47,986 21,126 10,703 17,914 814,967 Marketable debt — 14,981 18,276 30,994 59,526 47,143 59,909 230,829 Other financial liabilities 8,308 5,264 4,411 1,160 5,856 434 1,535 26,968 640,613 84,875 90,394 93,296 175,238 80,041 83,731 1,248,188 Difference (assets less liabilities) (435,261) (21,164) (25,686) 24,003 (4,916) 61,637 383,586 (17,801) * Includes promissory notes, certificates of deposit and other short-term debt issues. 31 December 2019 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Assets Cash, cash balances at Central Banks and other deposits on demand 101,067 — — — — — — 101,067 Financial assets at fair value through other comprehensive income — 6,933 2,704 7,689 19,101 17,989 68,429 122,845 Debt instruments — 6,879 2,699 7,554 17,489 17,063 66,721 118,405 Loans and advances — 54 5 135 1,612 926 1,708 4,440 Customers — 54 5 135 1,612 926 1,708 4,440 Financial assets 51,702 73,890 76,229 116,511 150,365 103,584 423,201 995,482 Debt instruments — 1,563 1,847 3,073 2,549 3,642 17,115 29,789 Loans and advances 51,702 72,327 74,382 113,438 147,816 99,942 406,086 965,693 Central banks — 17,086 — — — — 1,388 18,474 Credit institutions 17,665 6,223 4,602 7,435 3,963 428 627 40,943 Customers 34,037 49,018 69,780 106,003 143,853 99,514 404,071 906,276 152,769 80,823 78,933 124,200 169,466 121,573 491,630 1,219,394 Liabilities Financial liabilities 619,003 99,203 88,546 159,120 134,799 61,282 68,792 1,230,745 Deposits 607,051 76,101 61,627 111,190 64,781 14,224 7,443 942,417 Central banks 99 462 64 33,229 28,424 190 — 62,468 Credit institutions 23,526 14,494 18,922 14,245 9,327 5,668 4,319 90,501 Customer deposits 583,426 61,145 42,641 63,716 27,030 8,366 3,124 789,448 Marketable debt — 16,008 22,569 47,808 65,545 46,577 59,712 258,219 Other financial liabilities 11,952 7,094 4,350 122 4,473 481 1,637 30,109 619,003 99,203 88,546 159,120 134,799 61,282 68,792 1,230,745 Difference (assets less liabilities) (466,234) (18,380) (9,613) (34,920) 34,667 60,291 422,838 (11,351) * Includes promissory notes, certificates of deposit and other short-term debt issues. The detail of the undiscounted contractual maturities of the existing financial liabilities at amortised cost at 31 December 2021, 2020 and 2019 is as follows: 31 December 2021 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Financial liabilities at amortized cost Deposits 705,129 75,102 45,552 62,896 116,343 52,031 5,884 1,062,937 Central banks 83 4,657 1,205 2,131 91,327 39,579 10 138,992 Credit institutions 12,683 3,491 12,693 11,867 4,504 1,945 3,950 51,133 Customer 692,363 66,954 31,654 48,898 20,512 10,507 1,924 872,812 Marketable debt securities — 14,067 18,508 30,618 73,131 46,367 64,318 247,009 Other financial liabilities 7,059 4,060 6,447 5,329 5,961 354 663 29,873 712,188 93,229 70,507 98,843 195,435 98,752 70,865 1,339,819 31 December 2020 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Financial liabilities at amortized cost Deposits 629,043 62,872 67,567 60,465 108,326 32,260 22,228 982,761 Central banks 150 5,204 5,293 3,217 82,803 15,827 — 112,494 Credit institutions 14,334 7,158 15,209 9,606 5,031 5,903 4,333 61,574 Customer 614,559 50,510 47,065 47,642 20,492 10,530 17,895 808,693 Marketable debt securities — 15,298 19,009 31,103 58,645 46,118 56,730 226,903 Other financial liabilities 8,308 5,264 4,411 1,160 5,856 434 1,535 26,968 637,351 83,434 90,987 92,728 172,827 78,812 80,493 1,236,632 . 31 December 2019 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Financial liabilities at amortized cost Deposits 603,126 75,899 61,107 109,747 63,013 14,027 7,228 934,147 Central banks 99 454 41 32,805 28,255 190 — 61,844 Credit institutions 23,348 14,491 18,810 14,134 8,519 5,478 4,113 88,893 Customer 579,679 60,954 42,256 62,808 26,239 8,359 3,115 783,410 Marketable debt securities — 16,252 22,912 48,030 64,650 45,830 58,215 255,889 Other financial liabilities 11,952 7,094 4,350 122 4,473 481 1,637 30,109 615,078 99,245 88,369 157,899 132,136 60,338 67,080 1,220,145 Below is a breakdown of contractual maturities for the rest of financial assets and liabilities as of 31 December 2021, 2020 and 2019 : 31 December 2021 EUR million Within 1 months 1 to 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 13,120 8,767 20,627 20,047 15,105 39,287 116,953 Derivatives 1,456 3,487 7,426 12,285 11,980 17,658 54,292 Equity instruments — — — — — 15,077 15,077 Debt instruments 922 2,056 8,585 5,766 2,869 6,552 26,750 Loans and advances 10,742 3,224 4,616 1,996 256 — 20,834 Central banks 3,608 — — — — — 3,608 Credits institutions 4,827 780 3,982 808 — — 10,397 Customers 2,307 2,444 634 1,188 256 — 6,829 Financial assets designated at fair value through profit or loss 844 1,607 2,928 3,686 2,334 4,558 15,957 Debt instruments 2 62 142 699 700 911 2,516 Loans and advances 842 1,545 2,786 2,987 1,634 3,647 13,441 Credit institutions 455 683 1,476 205 10 323 3,152 Customers 387 862 1,310 2,782 1,624 3,324 10,289 Non-trading financial assets mandatorily at fair value through profit or loss 116 — 49 127 67 5,177 5,536 Equity instruments — — — — — 4,042 4,042 Debt instruments 4 — 40 4 6 903 957 Loans and advances 112 — 9 123 61 232 537 Customers 112 — 9 123 61 232 537 Financial assets at fair value through other comprehensive income — — — — — 2,453 2,453 Equity instruments — — — — — 2,453 2,453 Hedging derivatives 239 129 857 748 1,270 1,518 4,761 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 227 202 (11) (304) 19 277 410 TOTAL FINANCIAL ASSETS 14,546 10,705 24,450 24,304 18,795 53,270 146,070 31 December 2021 EUR million Within 1 months 1 to 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 22,746 3,396 9,234 15,709 12,750 15,634 79,469 Derivatives 1,742 2,743 7,583 14,868 11,912 14,718 53,566 Shorts positions 8,337 222 1,290 728 743 916 12,236 Deposits 12,667 431 361 113 95 — 13,667 Central banks 994 44 — — — — 1,038 Credits institutions 5,534 385 361 113 95 — 6,488 Customers 6,139 2 — — — — 6,141 Financial liabilities designated at fair value through profit or loss 2,756 4,244 1,685 4,669 1,225 18,154 32,733 Deposits 2,743 4,131 1,246 2,801 764 15,594 27,279 Central banks 569 — 38 — — — 607 Credits institutions 128 109 487 30 178 132 1,064 Customers 2,046 4,022 721 2,771 586 15,462 25,608 Marketable debt securities* 13 113 439 1,868 461 2,560 5,454 Hedging derivatives 360 253 930 1,667 824 1,429 5,463 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 40 5 16 58 49 80 248 TOTAL FINANCIAL LIABILITIES 25,902 7,898 11,865 22,103 14,848 35,297 117,913 * Includes promissory notes, certificates of deposit and other short-term debt issues (see note 22). 31 December 2021 EUR million Within 1 months 1 to 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total Memorandum items Loans commitment granted 116,823 6,706 27,587 51,999 49,781 9,841 262,737 Financial guarantees granted 2,414 1,203 4,251 1,749 687 454 10,758 Other commitments granted 46,614 5,745 12,008 7,297 1,539 2,530 75,733 MEMORANDUM ITEMS 165,851 13,654 43,846 61,045 52,007 12,825 349,228 In the Group’s experience, no outflows of cash or other financial assets take place prior to the contractual maturity date that might affect the information broken down above. 31 December 2020 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total FINANCIAL ASSETS Financial assets held for trading 5,760 6,734 27,753 22,473 18,014 34,211 114,945 Derivatives 4,288 5,268 10,044 15,526 13,681 18,330 67,137 Equity instruments — — — — — 9,615 9,615 Debt instruments 1,472 1,466 17,709 6,947 4,310 5,990 37,894 Loans and advances — — — — 23 276 299 Credits institutions — — — — 3 — 3 Customers — — — — 20 276 296 Financial assets designated at fair value through profit or loss 12,500 14,834 7,205 3,680 3,933 6,565 48,717 Debt instruments 181 78 162 407 719 1,432 2,979 Loans and advances 12,319 14,756 7,043 3,273 3,214 5,133 45,738 Central banks 343 9,138 — — — — 9,481 Credit institutions 6,935 1,514 2,728 590 12 357 12,136 Customers 5,041 4,104 4,315 2,683 3,202 4,776 24,121 Non-trading financial assets mandatorily at fair value through profit or loss 275 — — — 69 4,142 4,486 Equity instruments — — — — — 3,234 3,234 Debt instruments 85 — — — — 615 700 Loans and advances 190 — — — 69 293 552 Central banks — — — — — — — Credits institutions — — — — — — — Customers 190 — — — 69 293 552 Financial assets at fair value through other comprehensive income — — — — — 2,783 2,783 Equity instruments — — — — — 2,783 2,783 Hedging derivatives 1,534 469 1,293 1,107 1,083 2,839 8,325 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 173 8 132 205 381 1,081 1,980 TOTAL FINANCIAL ASSETS 20,242 22,045 36,383 27,465 23,480 51,621 181,236 31 December 2020 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total FINANCIAL LIABILITIES Financial liabilities held for trading 16,754 3,727 6,286 17,635 16,036 20,729 81,167 Derivatives 1,132 3,206 5,800 17,566 16,036 20,729 64,469 Shorts positions 15,622 521 486 69 — — 16,698 Deposits — — — — — — — Central banks — — — — — — — Credits institutions — — — — — — — Customers — — — — — — — Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 13,468 1,732 2,228 2,893 1,121 26,596 48,038 Deposits 13,459 1,709 1,954 2,497 518 23,461 43,598 Central banks 841 866 783 — — — 2,490 Credits institutions 3,673 112 935 1,493 171 381 6,765 Customers 8,945 731 236 1,004 347 23,080 34,343 Marketable debt securities 9 23 274 396 603 3,135 4,440 Other financial liabilities — — — — — — — Hedging derivatives 2,619 200 588 748 641 2,073 6,869 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 3 6 40 74 64 99 286 TOTAL FINANCIAL LIABILITIES 32,844 5,665 9,142 21,350 17,862 49,497 136,360 31 December 2020 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Memorandum items Loans commitment granted 104,725 9,496 28,207 47,876 40,458 10,468 241,230 Financial guarantees granted 1,809 852 3,732 4,134 1,169 681 12,377 Other commitments granted 39,205 4,529 10,497 5,101 3,207 1,999 64,538 MEMORANDUM ITEMS 145,739 14,877 42,436 57,111 44,834 13,148 318,145 31 December 2019 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total FINANCIAL ASSETS Financial assets held for trading 4,864 3,522 19,740 21,603 18,083 40,418 108,230 Derivatives 3,329 2,233 6,552 15,855 14,925 20,503 63,397 Equity instruments — — — — — 12,437 12,437 Debt instruments 1,531 1,289 13,188 5,748 3,141 7,144 32,041 Loans and advances 4 — — — 17 334 355 Credits institutions — — — — — — — Customers 4 — — — 17 334 355 Financial assets designated at fair value through profit or loss 24,110 13,167 7,602 5,175 3,878 8,137 62,069 Debt instruments 457 10 81 652 381 1,605 3,186 Loans and advances 23,653 13,157 7,521 4,523 3,497 6,532 58,883 Central banks 1,744 4,729 — — — — 6,473 Credit institutions 13,186 4,946 1,534 1,015 9 959 21,649 Customers 8,723 3,482 5,987 3,508 3,488 5,573 30,761 Non-trading financial assets mandatorily at fair value through profit or loss 272 0 4 11 117 4,507 4,911 Equity instruments — — — — — 3,350 3,350 Debt instruments — — — 11 117 1,047 1,175 Loans and advances 272 — 4 — — 110 386 Central banks — — — — — — — Credits institutions — — — — — — — Customers 272 — 4 — — 110 386 Financial assets at fair value through other comprehensive income — — — — — 2,863 2,863 Equity instruments — — — — — 2,863 2,863 Hedging derivatives 807 86 601 1,646 904 3,172 7,216 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 267 1 24 112 265 1,033 1,702 TOTAL FINANCIAL ASSETS 30,320 16,776 27,971 28,547 23,247 60,130 186,991 31 December 2019 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total FINANCIAL LIABILITIES Financial liabilities held for trading 10,851 3,427 7,130 17,244 16,905 21,582 77,139 Derivatives 2,672 1,973 6,591 16,965 16,023 18,792 63,016 Shorts positions 8,179 1,454 539 279 882 2,790 14,123 Deposits — — — — — — — Central banks — — — — — — — Credits institutions — — — — — — — Customers — — — — — — — Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 21,929 2,259 5,307 3,565 1,450 26,485 60,995 Deposits 21,904 2,225 4,909 2,429 780 24,864 57,111 Central banks 8,831 1,228 2,795 — — — 12,854 Credits institutions 4,133 521 1,857 2,132 11 686 9,340 Customers 8,940 476 257 297 769 24,178 34,917 Marketable debt securities 14 34 398 1,021 670 1,621 3,758 Other financial liabilities 11 — — 115 — — 126 Hedging derivatives 1,997 337 848 678 528 1,660 6,048 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 3 6 26 53 59 122 269 TOTAL FINANCIAL LIABILITIES 34,780 6,029 13,311 21,540 18,942 49,849 144,451 31 December 2019 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Memorandum items Loans commitment granted 98,630 16,529 30,370 37,097 48,072 10,481 241,179 Financial guarantees granted 2,176 1,791 5,626 1,933 1,364 760 13,650 Other commitments granted 44,950 3,052 9,957 4,606 4,132 2,198 68,895 MEMORANDUM ITEMS 145,756 21,372 45,953 43,636 53,568 13,439 323,724 b) Equivalent euro value of assets and liabilities The detail of the main foreign currency balances in the consolidated balance sheet, based on the nature of the related items, is as follows: Equivalent value in EUR million 2021 2020 2019 Assets Liabilities Assets Liabilities Assets Liabilities Cash, cash balances at central banks and other deposits on demand 105,457 — 76,882 — 65,205 — Financial assets/liabilities held for trading 65,345 49,314 66,448 50,494 60,526 45,262 Non-trading financial assets mandatorily at fair value through profit or loss 2,460 — 2,248 — 2,611 — Other financial assets/liabilities at fair value through profit or loss 1,230 9,103 24,015 18,347 25,938 29,593 Financial assets at fair value through other comprehensive income 78,086 — 79,688 — 76,402 — Financial assets at amortized cost 680,774 — 610,152 — 656,564 — Investments 1,666 — 1,671 — 1,355 — Tangible assets 22,350 — 21,617 — 24,662 — Intangible assets 10,066 — 9,609 — 21,942 — Financial liabilities at amortized cost — 796,395 — 726,516 — 752,188 Liabilities under insurance contracts — 10 — 13 — 13 Other 22,631 20,420 26,433 22,801 25,410 23,428 990,065 875,242 918,763 818,171 960,615 850,484 c) Fair value of financial assets and liabilities not measured at fair value The financial assets owned by the Group are measured at fair value in the accompanying consolidated balance sheet, except for cash, cash balances at central banks and other deposits on demand, loans and advances at amortised cost. Similarly, the Group’s financial liabilities -except for financial liabilities held for trading, those measured at fair value and derivatives other than those having as their underlying equity instruments whose market value cannot be estimated reliably- are measured at amortised cost in the accompanying consolidated balance sheet. Following is a comparison of the carrying amounts of the Group’s financial instruments measured at other than fair value and their respective fair values at year-end: i) Financial assets measured at other than fair value EUR million 2021 2020 2019 Assets Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Loans and advances 1,002,190 1,006,711 — 69,840 936,871 932,300 940,258 — 65,755 874,503 965,693 975,523 — 82,045 893,478 Debt instruments 35,708 35,378 13,558 12,158 9,662 26,078 26,532 6,753 11,899 7,880 29,789 30,031 10,907 9,971 9,153 1,037,898 1,042,089 13,558 81,998 946,533 958,378 966,790 6,753 77,654 882,383 995,482 1,005,554 10,907 92,016 902,631 ii) Financial liabilities measured at other than fair value EUR million 2021 2020 2019 Liabilities* Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Deposits 1,078,587 1,076,876 — 286,613 790,263 990,391 990,807 — 263,517 727,290 942,417 942,397 — 245,143 697,254 Debt instruments 240,709 246,697 109,346 115,034 22,317 230,829 241,174 91,771 125,031 24,372 258,219 266,784 84,793 149,516 32,475 1,319,296 1,323,573 109,346 401,647 812,580 1,221,220 1,231,981 91,771 388,548 751,662 1,200,636 1,209,181 84,793 394,659 729,729 * At 31 December 2021, Grupo Santander had other financial liabilities that amounted to EUR 29,873 million, EUR 26,968 million in 2020 and EUR 30,109 million in 2019. The main valuation methods and inputs used in the estimates at 31 December 2021 of the fair values of the financial assets and liabilities in the foregoing table were as follows: • Financial assets at amortised cost: the fair value was estimated using the present value method. The estimates were made considering factors such as the expected maturity of the portfolio, market interest rates, spreads on newly approved transactions or market spreads -when available-. • Financial liabilities at amortised cost: i) Deposits: the fair value of short term deposits was taken to be their carrying amount. Factors such as the expected maturity of the transactions and the Group’s current cost of funding in similar transactions are consider for the estimation of long term deposits fair value. It had been used also current rates offered for deposits of similar remaining maturities. ii) Marketable debt securities and subordinated liabilities: the fair value was calculated based on market prices for these instruments -when available- or by the present value method using market interest rates and spreads, as well as using any significant input which is not observable with market data if applicable. iii) The fair value of cash, cash balances at central banks and other deposits on demand was taken to be their carrying amount since they are mainly short-term balances. |
Primary and secondary segments
Primary and secondary segments reporting | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of operating segments [abstract] | |
Primary and secondary segments reporting | Primary and secondary segments reporting Grupo Santander bases segment reporting on financial information presented to the chief operating decision maker, which excludes certain statutory results items that distort year-on-year comparisons and are not considered for management reporting. This financial information (underlying basis) is computed by adjusting reported results for the effects of certain gains and losses (e.g. capital gains, write-downs, impairment of goodwill, etc.). These gains and losses are items that management and investors ordinarily identify and consider separately to better understand the underlying trends in the business. Grupo Santander has aligned the information in this note with the underlying information used internally for management reporting and with that presented in Grupo Santander's other public documents. Grupo Santander's executive committee has been selected to be its chief operating decision maker. Grupo Santander's operating segments reflect its organizational and managerial structures. The executive committee reviews internal reporting based on these segments to assess performance and allocate resources. The segments are split by geographic area in which profits are earned and type of business. We prepare the information by aggregating the figures for Santander’s various geographic areas and business units, relating it to both the accounting data of the units integrated in each segment and that provided by management information systems. The same general principles as those used in Grupo Santander are applied. On 4 April 2022, Grupo Santander announced that, starting and effective with the financial information for the first quarter of 2022, it will carry out changes in the reportable segments to reflect the new reporting structure. These changes aim to align the segment information with segments and units’ management and have no impact in the consolidated figures at the Group level. The main changes, which have been applied to management information for all periods included in the consolidated financial statements, relate to the allocation of certain financial costs of the Corporate Centre as follows: • Further clarity in the minimum requirement for own funds and eligible liabilities (MREL) and total loss absorbing capacity (TLAC) regulation makes it possible to allocate the cost of eligible debt issuances to the corresponding units from the Corporate Centre. • Other financial costs, primarily associated with the cost of funding the excess capital held by the units above the Group's CET1 ratio have been reassigned from the Corporate Centre to the corresponding units. a) Primary segments This primary level of segmentation, which is based on the Group’s management structure, comprises five reportable segments: four operating areas plus the Corporate Centre. The operating areas are: • Europe: which comprises all business activity carried out in the region, except that included in Digital Consumer Bank. Detailed financial information is provided on Spain, the UK, Portugal and Poland. • North America: which comprises all the business activities carried out in Mexico and the US, which includes the holding company (SHUSA) and the businesses of Santander Bank, Santander Consumer USA, the specialized business unit Banco Santander International, Santander Investment Securities (SIS) and the New York branch. • South America: includes all the financial activities carried out by Grupo Santander through its banks and subsidiary banks in the region. Detailed information is provided on Brazil, Chile, Argentina, Uruguay, Peru and Colombia. • Digital Consumer Bank: includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank and ODS. In addition to these operating units, which report by geographic area and businesses, Grupo Santander continues to maintain the area of Corporate Centre, that includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position, assumed within the sphere of Grupo Santander’s assets and liabilities committee, as well as management of liquidity and of shareholders’ equity via issuances. As Grupo Santander’s holding entity, this area manages all capital and reserves and allocations of capital and liquidity with the rest of businesses. It also incorporates amortization of goodwill but not the costs related to the Grupo Santander’s central services (charged to the areas), except for corporate and institutional expenses related to the Grupo Santander’s functioning. With regard to the balance sheet, due to the required segregation of the various business units (included in a single consolidated balance sheet), the amounts lent and borrowed between the units are shown as increases in the assets and liabilities of each business. These amounts relating to intra-Group liquidity are eliminated and are shown in the Intra-Group eliminations column in the table below in order to reconcile the amounts contributed by each business unit to the consolidated Grupo Santander's balance sheet. There are no customers located in any of the areas that generate income exceeding 10% of Total income. The condensed balance sheets and income statements of the various primary segments are as follows: EUR million 2021 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 943,875 244,734 257,805 148,005 215,467 (214,051) 1,595,835 Loans and advances to customers 590,610 137,428 123,920 113,937 6,787 — 972,682 Cash, balances at central banks and credit institutions and other deposits on demand 219,154 34,857 43,134 21,804 88,918 (125,195) 282,672 Debt instruments 67,068 38,500 51,451 5,280 1,554 — 163,853 Other financial assets 37,250 12,555 23,809 47 2,203 — 75,864 Other asset accounts 29,793 21,394 15,491 6,937 116,005 (88,856) 100,764 Total liabilities 899,007 216,048 237,375 135,599 135,950 (125,197) 1,498,782 Customer deposits 619,486 121,989 120,500 55,327 1,042 — 918,344 Central banks and credit institutions 156,257 35,152 44,314 37,600 53,063 (125,197) 201,189 Marketable debt securities 73,629 38,061 23,461 36,710 74,302 — 246,163 Other financial liabilities*** 38,706 14,652 40,490 1,397 430 — 95,675 Other liabilities accounts**** 10,929 6,194 8,610 4,565 7,113 — 37,411 Total equity 44,868 28,686 20,430 12,406 79,517 (88,854) 97,053 Other customer funds under management 114,698 13,949 57,428 852 — — 186,927 Investment funds 82,641 12,112 51,234 — — — 145,987 Pension funds 15,994 84 — — — — 16,078 Assets under management 16,063 1,753 6,194 852 — — 24,862 Other non-managed marketed customer funds 41,483 15,843 6,296 3,350 — — 66,972 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Investments in joint ventures and associated entities, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. EUR million 2020 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 909,304 223,797 238,746 137,155 182,587 (183,339) 1,508,250 Loans and advances to customers 563,581 120,571 113,745 113,258 5,044 — 916,199 Cash, balances at central banks and credit institutions and other deposits on demand 180,245 28,666 43,154 12,058 61,174 (99,501) 225,796 Debt instruments 81,271 38,403 49,304 5,659 1,917 — 176,554 Other financial assets* 48,313 15,439 17,342 30 1,645 — 82,769 Other asset accounts** 35,894 20,718 15,201 6,150 112,807 (83,838) 106,932 Total liabilities 866,949 199,789 218,927 124,720 106,044 (99,501) 1,416,928 Customer deposits 582,353 102,924 111,808 51,399 826 — 849,310 Central banks and credit institutions 133,973 38,071 42,049 32,046 38,041 (99,501) 184,679 Marketable debt securities 84,201 36,583 21,280 35,965 57,240 — 235,269 Other financial liabilities*** 54,634 16,182 35,456 1,370 493 — 108,135 Other liabilities accounts**** 11,788 6,029 8,334 3,940 9,444 — 39,535 Total equity 42,355 24,008 19,819 12,435 76,543 (83,838) 91,322 Other customer funds under management 99,301 12,501 55,965 475 12 — 168,254 Investment funds 71,239 10,864 49,850 — 12 — 131,965 Pension funds 15,487 90 — — — — 15,577 Assets under management 12,575 1,547 6,115 475 — — 20,712 Other non-managed marketed customer funds 34,313 11,915 6,187 1,134 — — 53,549 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Investments in joint ventures and associated entities, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including' Hedging derivatives', Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. EUR million 2019 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 895,322 223,972 253,919 131,627 168,352 (150,497) 1,522,695 Loans and advances to customers 563,101 133,727 125,122 114,504 5,764 — 942,218 Cash, balances at central banks and credit institutions and other deposits on demand 140,528 22,904 51,379 8,794 32,804 (67,803) 188,606 Debt instruments 101,189 33,749 45,622 3,196 840 — 184,596 Other financial assets* 53,918 10,822 14,864 37 2,406 — 82,047 Other asset accounts** 36,586 22,770 16,932 5,096 126,538 (82,694) 125,228 Total liabilities 851,324 200,057 231,392 119,630 77,435 (67,802) 1,412,036 Customer deposits 559,720 98,915 114,817 50,120 793 — 824,365 Central banks and credit institutions 125,046 39,016 42,030 25,175 11,698 (67,802) 175,163 Marketable debt securities 94,882 44,097 29,840 38,661 54,497 — 261,977 Other financial liabilities*** 59,241 11,773 34,072 1,652 636 — 107,374 Other liabilities accounts**** 12,435 6,256 10,633 4,022 9,811 — 43,157 Total equity 43,998 23,915 22,527 11,997 90,917 (82,695) 110,659 Other customer funds under management 86,558 14,319 76,023 — 11 — 176,911 Investment funds 62,203 11,703 69,071 — 11 — 142,988 Pension funds 11,746 98 — — — — 11,844 Assets under management 12,609 2,518 6,952 — — — 22,079 Other non-managed marketed customer funds 32,706 15,872 60 850 — — 49,488 * Including 'Trading derivatives' and 'Equity instruments'. ** Including 'Hedging derivatives', 'Changes in the fair value of hedged items in portfolio hedges of interest risk', 'Investments in joint ventures and associated entities'', 'Assets under insurance or reinsurance contracts', 'Tangible assets', 'Intangible assets', 'Tax assets', other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. The condensed income statements for the primary segments are as follows: EUR million 2021 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate centre Total Net interest income 10,574 8,072 11,307 4,041 (624) 33,370 Net fee income 4,344 1,644 3,721 821 (28) 10,502 Gains (losses) on financial transactions* 756 224 716 8 (141) 1,563 Other operating income** 260 914 (407) 229 (27) 969 Total income 15,934 10,854 15,337 5,099 (820) 46,404 Administrative expenses, depreciation and amortisation (8,318) (4,967) (5,379) (2,405) (346) (21,415) Net operating income*** 7,616 5,887 9,958 2,694 (1,166) 24,989 Net loan-loss provisions**** (2,293) (1,210) (3,251) (527) (155) (7,436) Other gains (losses) and provisions***** (1,290) (145) (474) (194) (190) (2,293) Operating profit/(loss) before tax 4,033 4,532 6,233 1,973 (1,511) 15,260 Tax on profit (1,212) (1,016) (2,360) (464) (24) (5,076) Profit from continuing operations 2,821 3,516 3,873 1,509 (1,535) 10,184 Net profit from discontinued operations — — — — — — Consolidated profit 2,821 3,516 3,873 1,509 (1,535) 10,184 Non-controlling interests 71 556 556 345 2 1,530 Attributable profit to the parent 2,750 2,960 3,317 1,164 (1,537) 8,654 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** 'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** 'Net loan-loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 29 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release EUR 29 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. EUR million 2020 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Total Net interest income 9,518 8,394 10,710 4,014 (642) 31,994 Net fee income 4,000 1,684 3,589 771 (29) 10,015 Gains (losses) on financial transactions* 868 251 765 16 287 2,187 Other operating income** (106) 628 (209) 116 (25) 404 Total income 14,280 10,957 14,855 4,917 (409) 44,600 Administrative expenses, depreciation and amortisation (8,275) (4,677) (5,357) (2,329) (329) (20,967) Net operating income*** 6,005 6,280 9,498 2,588 (738) 23,633 Net loan-loss provisions**** (3,345) (3,917) (3,924) (957) (31) (12,174) Other gains (losses) and provisions***** (970) (132) (320) 49 (412) (1,785) Operating profit/(loss) before tax 1,690 2,231 5,254 1,680 (1,181) 9,674 Tax on profit (476) (550) (1,918) (421) (151) (3,516) Profit from continuing operations 1,214 1,681 3,336 1,259 (1,332) 6,158 Net profit from discontinued operations — — — — — — Consolidated profit 1,214 1,681 3,336 1,259 (1,332) 6,158 Non-controlling interests 78 261 437 301 — 1,077 Attributable profit to the parent 1,136 1,420 2,899 958 (1,332) 5,081 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** 'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** 'Loan loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. EUR million 2019 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Total Net interest income 9,656 8,834 13,270 3,982 (459) 35,283 Net fee income 4,423 1,776 4,787 843 (50) 11,779 Gains (losses) on financial transactions* 1,045 229 564 (10) (297) 1,531 Other operating income** 399 673 (242) 90 (19) 901 Total income 15,523 11,512 18,379 4,905 (825) 49,494 Administrative expenses, depreciation and amortisation (8,912) (4,983) (6,673) (2,339) (373) (23,280) Net operating income*** 6,611 6,529 11,706 2,566 (1,198) 26,214 Net loan-loss provisions**** (1,333) (3,656) (3,789) (508) (35) (9,321) Other gains (losses) and provisions***** (792) (203) (749) 18 (238) (1,964) Operating profit/(loss) before tax 4,486 2,670 7,168 2,076 (1,471) 14,929 Tax on profit (1,218) (652) (2,626) (527) (80) (5,103) Profit from continuing operations 3,268 2,018 4,542 1,549 (1,551) 9,826 Net profit from discontinued operations — — — — — — Consolidated profit 3,268 2,018 4,542 1,549 (1,551) 9,826 Non-controlling interests 167 426 664 326 (9) 1,574 Attributable profit to the parent 3,101 1,592 3,878 1,223 (1,542) 8,252 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** 'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** 'Net loan-loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. b) Secondary segments At this secondary level, Grupo Santander is structured into Retail Banking, Santander Corporate & Investment Banking (SCIB), Wealth Management & Insurance (WM&I) and PagoNxt. • Retail Banking: this covers all customer banking businesses, including consumer finance, except those of corporate banking which are managed through Santander Corporate & Investment Banking, asset management, private banking and insurance, which are managed by WM&I. The results of the hedging positions in each country are also included, conducted within the sphere of their respective assets and liabilities committees. • Santander Corporate & Investment Banking (SCIB): this business reflects revenue from global corporate banking, investment banking and markets worldwide including treasuries managed globally (always after the appropriate distribution with Retail Banking customers), as well as equity business. • Wealth Management & Insurance: includes the asset management business (Santander Asset Management), the corporate unit of Private Banking and International Private Banking in Miami and Switzerland (Santander Private Banking) and the insurance business (Santander Insurance). • PagoNxt: this includes digital payment solutions, providing global technology solutions for Grupo Santander's banks and new customers in the open market. It is structured in three businesses: Merchant Solutions, International Trade and Consumer. Although WM&I and PagoNxt do not meet the quantitative thresholds defined in IFRS 8, these segments are considered reportable by Grupo Santander and are disclosed separately because Grupo Santander's management believes that information about these segments are useful to users of the financial statements. There are no customers located in a place different from the location of the Group's assets that generate revenues in excess of 10% of ordinary revenues. The condensed income statements are as follows: EUR million 2021 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking Wealth Management & Insurance PagoNxt Corporate centre Total Net interest income 30,595 2,921 477 1 (624) 33,370 Net fee income 7,045 1,744 1,248 493 (28) 10,502 Gains (losses) on financial transactions* 839 766 100 (1) (141) 1,563 Other operating income** 390 188 416 2 (27) 969 Total income 38,869 5,619 2,241 495 (820) 46,404 Administrative expenses, depreciation and amortisation (17,102) (2,380) (914) (673) (346) (21,415) Net operating income*** 21,767 3,239 1,327 (178) (1,166) 24,989 Net loan-loss provisions**** (7,082) (151) (38) (10) (155) (7,436) Other gains (losses) and provisions***** (2,053) (17) 6 (39) (190) (2,293) Operating profit/(loss) before tax 12,632 3,071 1,295 (227) (1,511) 15,260 Tax on profit (3,898) (821) (309) (24) (24) (5,076) Profit/(loss) from continuing operations 8,734 2,250 986 (251) (1,535) 10,184 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 8,734 2,250 986 (251) (1,535) 10,184 Non-controlling interests 1,345 137 44 2 2 1,530 Attributable profit/(loss) to the parent 7,389 2,113 942 (253) (1,537) 8,654 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. EUR million 2020 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance PagoNxt Corporate Centre Total Net interest income 29,401 2,842 394 (1) (642) 31,994 Net fee income 6,986 1,542 1,154 362 (29) 10,015 Gains (losses) on financial transactions* 1,132 670 99 (1) 287 2,187 Other operating income** (153) 202 383 (3) (25) 404 Total income 37,366 5,256 2,030 357 (409) 44,600 Administrative expenses, depreciation and amortisation (17,285) (2,038) (872) (443) (329) (20,967) Net operating income*** 20,081 3,218 1,158 (86) (738) 23,633 Net loan-loss provisions**** (11,633) (470) (28) (12) (31) (12,174) Other gains (losses) and provisions***** (1,238) (134) 1 (2) (412) (1,785) Operating profit/(loss) before tax 7,210 2,614 1,131 (100) (1,181) 9,674 Tax on profit (2,328) (750) (272) (15) (151) (3,516) Profit/(loss) from continuing operations 4,882 1,864 859 (115) (1,332) 6,158 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 4,882 1,864 859 (115) (1,332) 6,158 Non-controlling interests 921 118 37 1 — 1,077 Attributable profit/(loss) to the parent 3,961 1,746 822 (116) (1,332) 5,081 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. EUR million 2019 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance PagoNxt Corporate Centre Total Net interest income 32,588 2,655 479 20 (459) 35,283 Net fee income 8,663 1,520 1,190 456 (50) 11,779 Gains (losses) on financial transactions* 1,025 689 117 (3) (297) 1,531 Other operating income** 291 289 340 — (19) 901 Total income 42,567 5,153 2,126 473 (825) 49,494 Administrative expenses, depreciation and amortisation (19,280) (2,281) (939) (407) (373) (23,280) Net operating income*** 23,287 2,872 1,187 66 (1,198) 26,214 Net loan-loss provisions**** (9,132) (156) 23 (21) (35) (9,321) Other gains (losses) and provisions***** (1,624) (90) (12) — (238) (1,964) Operating profit/(loss) before tax 12,531 2,626 1,198 45 (1,471) 14,929 Tax on profit (3,916) (794) (280) (33) (80) (5,103) Profit/(loss) from continuing operations 8,615 1,832 918 12 (1,551) 9,826 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 8,615 1,832 918 12 (1,551) 9,826 Non-controlling interests 1,3 |
Related parties
Related parties | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of transactions between related parties [abstract] | |
Related parties | Related parties The parties related to the Group are deemed to include, in addition to its subsidiaries, associates and joint ventures, the Bank's key management personnel (the members of its board of directors and the executive vice presidents, together with their close family members) and the entities over which the key management personnel may exercise significant influence or control. Following below is the balance sheet balances and amounts of the Group's income statement corresponding to operations with the parties related to it, distinguishing between associates and joint ventures, members of the Bank's board of directors, the Bank's executive vice presidents, and other related parties. Related-party transactions were made on terms equivalent to those that prevail in arm's-length transactions or, when this was not the case, the related compensation in kind was recognized. EUR million 2021 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 9,386 — 14 384 Cash, cash balances at central banks and other deposits on demand 131 — — — Loans and advances: credit institutions 437 — — — Loans and advances: customers 8,148 — 14 384 Debt instruments 496 — — — Others 174 — — — Liabilities 3,405 8 11 197 Financial liabilities: credit institutions 867 — — — Financial liabilities: customers 2,464 8 11 197 Marketable debt securities — — — — Others 74 — — — Income statement 1,265 — — 1 Interest income 90 — — 1 Interest expense (13) — — — Gains/losses on financial assets and liabilities and others (32) — — — Commission income 1,268 — — — Commission expense (48) — — — Other 3,965 2 2 76 Financial guarantees granted and Others 11 1 1 17 Loan commitments and Other commitments granted 314 1 1 13 Derivative financial instruments 3,640 — — 46 EUR million 2020 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 8,473 — 24 95 Cash, cash balances at central banks and other deposits on demand 151 — — — Loans and advances: credit institutions 562 — — — Loans and advances: customers 6,934 — 24 95 Debt instruments 423 — — — Others 403 — — — Liabilities 3,593 4 16 159 Financial liabilities: credit institutions 944 — — — Financial liabilities: customers 2,557 4 16 159 Marketable debt securities 12 — — — Others 80 — — — Income statement 1,269 — — 3 Interest income 106 — — 2 Interest expense (8) — — — Gains/losses on financial assets and liabilities and others 49 — — — Commission income 1,154 — — 1 Commission expense (32) — — — Other 4,097 1 1 52 Financial guarantees granted and Others 14 — — 3 Loan commitments and Other commitments granted 253 1 1 13 Derivative financial instruments 3,830 — — 36 EUR million 2019 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 9,659 — 26 104 Cash, cash balances at central banks and other deposits on demand 740 — — — Loans and advances: credit institutions 961 — — — Loans and advances: customers 6,950 — 26 104 Debt instruments 848 — — — Others 160 — — — Liabilities 2,689 41 12 57 Financial liabilities: credit institutions 563 — — — Financial liabilities: customers 2,064 41 12 57 Marketable debt securities — — — — Others 62 — — — Income statement 1,386 — — 2 Interest income 111 — — 1 Interest expense (15) — — — Gains/losses on financial assets and liabilities and others 47 — — — Commission income 1,269 — — 1 Commission expense (26) — — — Other 4,219 7 3 49 Financial guarantees granted and Others 17 5 2 38 Loan commitments and Other commitments granted 197 1 1 6 Derivative financial instruments 4,005 1 — 5 The remaining required information is detailed in notes 5, 14 and 46.c. |
Risk management
Risk management | 12 Months Ended |
Dec. 31, 2021 | |
Risk management | |
Risk management | Risk management a) Risk principles and culture Grupo Santander´s risk principles below are compulsory. They comply with regulatory requirements and are inspired by best market practices: 1. All employees are risk managers who must understand the risks associated with their functions and not assume risks with an impact that exceeds the Group’s risk appetite or is unknown. 2. Involvement of senior managers, with consistent risk management and control through their conduct, actions and communications, as well as oversight of the risk culture and make sure Grupo Santander maintain the risk profile within the defined risk appetite. 3. Independent risk management and control functions, according to the three lines of defence model of Grupo Santander. 4. A forward-looking, comprehensive approach to risk management and contro l for all businesses and risk types. 5. Complete and timely information to identify, assess, manage and disclose risks to the appropriate level. Grupo Santander’s holistic control structure stands on these principles and includes strategic tools and processes set out in the risk appetite statement, such as annual planning and budget planning, scenario analysis, the risk reporting structure and risk identification and assessment. 1. Risk factors Grupo Santander's risks categorization ensures effective risk management, control and reporting. The risk framework distinguishes these risk types: • Credit risk relates to financial loss arising from the default or credit quality deterioration of a customer or counterparty, to which Santander has directly provided credit or assumed a contractual obligation. • Market risk results from changes in interest rates, exchange rates, equities, commodities and other market factors, and from their effect on profit or capital. It includes the structural risk relates to market movements or balance sheets behaviour will change the value or profit generation of assets or liabilities in the banking book. • Liquidity risk occurs if liquid financial resources are insufficient or too costly to obtain in order to meet liabilities when they fall due. • Capital risk is the risk that arises from the possibility of having an inadequate quantity or quality of capital to meet internal business objectives, regulatory requirements or market expectations in the area of structural risk. Grupo Santander also takes into account, on an ongoing basis in its management of the risk function, operational, regulatory compliance, model, reputational and strategic risks. Besides, environmental and climate-related risk drivers are considered as factors that could impact the existing risks in the medium-to-long-term. These elements include, on the one hand, those derived from the physical effects of climate change, generated by one-off events as well as by chronic changes in the environment and, on the other hand, those derived from the process of transition to a development model with lower emissions, including legislative, technological or behaviour of economic agents changes. The analysis of climate change scenarios has continued to advance during 2021 in the Group to try to cover the different casuistry related to the risks of transition to a low-carbon economy and/or the effects derived from the physical risk of possible climatic events in certain geographies where the Group operates. Grupo Santander continues to make progress in the credit granting process following the EBA guidelines as well as in the development of a more restrictive financing policy, taking special account of the most sensitive sectors/activities, which includes ceasing to provide financial services to medium term to electricity generation customers with more than 10% of revenues dependent on coal and eliminate exposure to coal mining production in the world. Grupo Santander has scheduled a series of actions to continue integrating climatic and environmental factors in the credit admission process, through i) their incorporation in the assessment processes of local credit committees, ii) their inclusion in the assignment of corporate ratings in the wholesale market (with a future expansion to retail banking) and in the process of setting prices through the entities' own ratings and the specific pricing that already exists for specific products with discount rates based on the fulfillment of various conditions , and iii) the inclusion of energy certificates in the valuation of collaterals. Additionally, Grupo Santander has increased focus on the impact of climate risk in relation to market, structural and liquidity risk, which arise from the possibility that changes in climate may adversely affect the value of a financial instrument, a portfolio or the Group as a whole. This risk may have an impact both on financial instruments value or portfolios and on Santander's liquidity. Grupo Santander measures this risk through stress scenarios for both market and liquidity risk, which arises from the possibility that climate change may adversely affect the value of a financial instrument, a portfolio or the Group as a whole 2. Risk governance Grupo Santander robust risk and compliance governance structure allows us to conduct effective oversight in line with our risk appetite. It stands on three lines of defence, a structure of committees and strong Group-subsidiary relations, guided by our risk culture, Risk Pro. 2.1 Lines of defence Grupo Santander model of three lines of defence effectively manages and controls risks: – First line: formed by businesses and functions that take or originate exposure to risk, it recognizes, measures, controls, monitors and reports on risks according to internal risk management regulation. Risk origination must be consistent with the approved risk appetite and related limits. – Second line: formed by the Risk and Compliance and Conduct functions, it independently oversees and challenges the first line’s risk management. Its duties include ensuring that risks are managed according to the risk appetite defined by senior management and strengthening our risk culture throughout Grupo Santander. – Third line: the Internal Audit function, which is independent to ensure the board of directors and senior managers with high-quality and efficient internal controls, governance and risk management systems, helping to safeguard our value, solvency and reputation. The Risk, Compliance & Conduct and Internal Audit functions are separate and independent. Each has direct access to the board of directors and its committees. 2.2 Risk committee structure The board of directors is ultimately responsible for risk and compliance management and control. It revises and approves the bank's risk frameworks and appetite, while promoting a strong risk culture across the Group. The board relies on its risk supervision, regulation and compliance committee for risk control and on the group’s executive committee for risk approval. The Group chief risk officer (Group CRO) , who decides risk strategy and promotes proper risk culture, is in charge of overseeing all risks and challenging and advising business lines on risk management. The Group chief compliance officer (Group CCO) , who decides compliance and conduct strategy, is in charge of controlling the risks within their purview and must provide the Group CRO with a complete overview on the situation of risks being monitored. Both the Group CRO and the Group CCO have direct access and report to the risk supervision, regulation and compliance committee and the board of directors. The executive risk, risk control and compliance and conduct committees are executive committees and have been delegated powers by the board. Furthermore, risk functions have forums and regular meetings to manage and control the risks within their purview. Executive committees also delegate some duties to subordinate forums. Their responsibilities include: • Reporting to the Group CRO, the Group CCO, the risk control committee and the compliance and conduct committee on risk management according to risk appetite; • monitoring and ensuring proper management of each risk factor; and • overseeing measures to comply with supervisors and auditors' expectations. Besides, Grupo Santander, in order to establish an adequate control environment for the management of each risk factors, the Risk and Compliance and Conduct functions have effective internal regulation to create the right environment to manage and control all risks. Grupo Santander can also dictate new governance measures for special situations. During the Brexit crisis transition process, it set up separate steering committees and working groups with Santander UK. Also, to cope with the covid-19 crisis, it created special situation forums, in which close coordination with subsidiaries, local contingency plan activation and scenario analysis enhanced allocated resources and governance. 2.3 The Group's relationship with subsidiaries In all subsidiaries, the risk and compliance management and control model is consistent with the frameworks approved by Grupo Santander's board of directors, which they adhere to through their own boards and can only adapt according to local law and regulation. In its duty to carry out aggregate risk oversight, Grupo Santander validates and challenges subsidiaries’ internal regulation and transactions, which results in a common risk management model across the Group. In 2021, Grupo Santander continued to strengthen the regional subsidiary relations model, based on regions, to find synergies for common operations and platforms building on the global and regional scale; to streamline processes; and to tighten control mechanisms so Grupo Santander's business can grow, allocate capital more efficiently and offer the best service to customers. In this sense, each local CRO interact regularly with their regional head of risk, the Group CRO and the Group CCO in periodic regional or country control meetings. Local and global Risk and Compliance functions also hold follow-up meetings to address special matters. The Group CRO and the Group CCO and regional heads of risk are involved in appointing, setting of objectives, reviewing and compensating their local counterparts to ensure proper risk management. Grupo Santander enhances its relations with subsidiaries and its advanced risk management model through: • Close collaboration between countries in the same region to carry out common initiatives efficiently; • structural change, subsidiary benchmarks and a strategic vision for the function to implement advanced risk management infrastructures and practices; • the exchange of best practices to strengthen processes and drive innovation in order to achieve a quantitative impact.; 3. Management processes and tools Grupo Santander has these effective risk management processes and tools: 3.1 Risk appetite and structure of limits Risk appetite is the volume and type of risks Grupo Santander deem prudent for the business strategy, even in unforeseen circumstances. It considers adverse scenarios that could have a negative impact on capital, liquidity and profitability. The board sets the Group's risk appetite statement (RAS) every year. Grupo Santander subsidiaries' boards also set their own risk appetites annually. Each of those risk appetites translates into risk management limits and policies based on risk type, portfolio and segment. 3.1.1. Business model and risk appetite fundamentals Grupo Santander's risk appetite is consistent with the risk culture and business model built on customer focus, scale and diversification. At the core of Grupo Santander's risk appetite are: • A medium-low and predictable target risk profile that is centred on retail and commercial banking, internationally diversified operations and strong market share; • Stable, recurrent earnings and shareholder remuneration, sustained by a sound base of capital, liquidity and sources of funding; • Independent subsidiaries that manage their own capital and liquidity, with risk profiles that do not compromise Grupo Santander’s solvency; • An independent risk function with involvement by senior management to embed a strong risk culture and drive a sustainable return on capital; • A global and holistic vision through a meticulous control and monitoring of risks, businesses and markets; • A focus on products Grupo Santander know well; • A conduct model that protects Grupo Santander`s customers; and • A remuneration policy that aligns employees and executives' interests with risk appetite and long-term results. 3.1.2. Corporate risk appetite principles The principles that inform Grupo Santander's risk appetite are: • The board and senior management's responsibility for risk appetite; • An enterprise-wide view of risk, back-testing and challenge of risk profile based on quantitative metrics and qualitative indicators; • A forward-looking view based on plausible assumptions and adverse/stress scenarios to reflect the desired risk profile in the short and medium term; • Strategic and business plans embedded in daily management by policies and limits; • Common standards that align each subsidiary's appetite with the Group's; and • Regular reviews, best practice and regulatory requirements , with mechanisms in place to keep the risk profile stable and mitigate non-compliance. 3.1.3. Structure of limits, monitoring and control Risk appetite is expressed in qualitative terms and limits, structured on these five core elements. 1 Earnings volatility The maximum loss Grupo Santander can tolerate in an acute -but- plausible stress scenario. 2 Solvency • Minimum capital position Grupo Santander can tolerate in a stress scenario. • Maximum leverage Grupo Santander can tolerate in a stress scenario. 3 Liquidity • Minimum structural liquidity position. • Minimum liquidity horizon Grupo Santander can tolerate in peak stress scenario. • Minimum liquidity coverage position. 4 Concentration • Concentration in single names, industries and portfolios. • Concentration in non-investment grade counterparties. • Concentration in large exposures. 5 Non-financial risks • Maximum operational risk losses. • Maximum risk profile. • Non-financial risk indicators: ◦ Financial crime compliance (FCC) ◦ Cyber and security risk ◦ Model risk ◦ Reputational risk 1. Introduction to the credit risk treatment Credit risk refers to a potential financial loss from the default or credit quality deterioration of a customer or other third party with whom Grupo Santander has a contractual obligation. It is our most important risk, both in terms of exposure and capital consumption. It also includes counterparty risk, country risk and sovereign risk. Credit risk management Grupo Santander identifies, analyses, controls and decides on credit risk based on holistic view of the credit risk cycle, which includes the transaction, the customer and the portfolio. Credit risk identification is key to managing and controlling Grupo Santander's portfolios effectively. Grupo Santander classify external and internal risks in each business and adopt corrective and mitigating measures when needed through these processes: 1.1. Planning Grupo Santander´s planning helps to set business targets and define specific action plans within our risk appetite framework. Strategic commercial plans (SCP) are a management and control tool the business and risk areas prepare for Grupo Santander's credit portfolios. They determine commercial strategies, risk policies, resources and infrastructure, ensuring a holistic view of the portfolios. They provide managers with an updated view of credit portfolio quality to measure credit risk, run internal controls over the defined strategy coupled with regular monitoring, detect significant deviations in risk and potential impacts, and take corrective actions when necessary. They also align with Grupo Santander's risk appetite and its subsidiaries’ capital targets, and are approved and monitored by senior managers at each subsidiary before being reviewed and validated by Grupo Santander. 1.2. Risk assessment and credit rating To analyse customers’ ability to meet contractual obligations, Grupo Santander uses valuation and parameter estimation models in each of the segments. Grupo Santander's credit quality valuation models are based on credit rating drivers, which Grupo Santander monitors to calibrate and adjust the decisions and ratings they assign. Depending on each segment, drivers can be: • Rating: from mathematical algorithms that have a quantitative model based on balance sheet ratios or macroeconomic variables, and a qualitative module supplemented by the credit analyst’s expert judgement. It is used for SCIB, corporate, institutional and SME segments (with individualised treatment). • Scoring: an automatic system to evaluate credit applications that assigns an individual score to customers for subsequent decision-making, generally in the retail and smaller SME segments. Grupo Santander's parameter estimation models follow econometric models built on Grupo Santander's portfolios' historical defaults and losses. Grupo Santander uses them to calculate economic and regulatory capital as well as IFRS 9 provisions for each portfolio. Grupo Santander regularly monitoring and evaluate models' appropriateness, predictive capacity, performance, granularity, compliance with policies and other related factors. Grupo Santander reviews ratings with the latest available financial and economic information. Grupo Santander has also increased the reviews for customers who are under closer observation or have automatic warnings in the risk management systems. 1.3. Credit risk mitigation techniques We approve risks generally on the basis of borrowers’ ability to pay in fulfilment of financial obligations, notwithstanding any additional collateral or personal guarantees we can require from them. To determine this, we analyse funds or net cash flows from their businesses or income with no guarantors or the assets pledged as collateral. We always consider guarantors and collateral when deciding to approve a loan as a secondary means of recourse if the first channel fails. In general, a guarantee is as a reinforcement measure added to a credit transaction to mitigate a loss due to a failure to meet a payment obligation. Grupo Santander has credit risk mitigation techniques for various types of customer and products. Some are for specific transactions (e.g., property) while others apply to a series of transactions (e.g., derivatives netting and collateral). Grupo Santander can be grouped into personal guarantees, guarantees in the form of credit derivatives or collateral. 1.4. Definition of limits, pre-classifications and pre-approvals Grupo Santander uses SCPs to manage credit portfolios, defining limits for each of them and for new originations, in line with the Group´s credit risk appetite and its target risk profile. Transposing the risk appetite to portfolio management strengthens controls over our credit portfolios. Grupo Santander´s limits, pre-classifications and pre-approvals processes determine the risk we can assume with each customer. Limits are approved by the executive risk committee (or delegated committees) and should reflect a transaction’s expected risk-return Grupo Santander applies various limits models to each segment: • Large corporate groups : are subject to a pre-classification model based on a system for measuring and monitoring economic capital. Pre-classification models express the level of risk Grupo Santander is willing to assume in transactions with customers/groups in terms of capital at risk, nominal cap and maximum tenors. To manage limits with financial entities, Grupo Santander uses Credit Equivalent Risk (CER), which includes actual and expected risks with customers according to risk appetite and credit policies. • Corporates and institutions : that meet certain requirements (strong relationships, rating, etc.): Grupo Santander uses simpler pre-classification model with an internal limit. It establishes a reference point in a customer's level of risk based on repayment capacity, overall indebtedness and a pool of banks. Transactions with large corporates, corporates and institutions above certain limits or with special characteristics could require approval from a senior credit analyst or a committee. • For individual customers and SMEs with low turnover, Grupo Santander manages large volumes of credit transactions with automatic decision models to classify customers and transactions. 1.5. Scenario analysis Grupo Santander´s scenario analyses determine the potential risks in its credit portfolios and provide a better understanding of our portfolios' performance under various macroeconomic conditions. They allow us to anticipate management strategies that will avoid future deviations from defined plans and targets. They simulate the impact of alternative scenarios in portfolios’ credit parameters (PD, LGD) and expected credit losses. We compare findings with portfolios’ credit profile indicators to find the right measures for managers to take. Credit risk management of portfolios and SCPs incorporate scenario analyses. 1.6. Monitoring Regularly monitoring business performance and comparing it to pre-defined plans is key to our management of risk. Grupo Santander's holistic monitoring of customers helps detect impacts on risk performance and credit quality early. Grupo Santander assigns customers a classification with a pre-defined course of action and ad hoc measures to correct any deviations. Monitoring, which considers transaction forecasts and characteristics, in addition to changes in classification, is performed by local and global risk teams and is based on customer segmentation: • For SCIB, monitoring is initially a function of business managers and risk analysts which provide an up-to-date view of customers’ credit quality to predict a potential customer's deterioration. • For commercial banking, institutions and SMEs assigned a credit analyst, Grupo Santander tracks customers requiring closer monitoring and review their ratings based on relevant indicators. • Monitoring of individual customers, businesses and smaller SMEs follows a system of automatic alerts to detect shifts in portfolios’ performance. Monitoring uses the Santander Customer Assessment Note (SCAN) tool. Grupo Santander fully rolled it out in our subsidiaries in 2019. It helps set individual monitoring levels and frequencies, policies, and actions for customers based on credit quality and particular circumstances. In addition to monitoring customer credit quality, Grupo Santander defines control procedures to analyse portfolios and performance, as well as any deviations from planning or approved alert levels. 1.7. Recovery and collections management The Collections & Recoveries area carries out recoveries, which are important to risk management. It defines a global, enterprise-wide management strategy with guidelines and general lines of action for Grupo Santander's subsidiaries based on the economic environment. business model and other local recovery conditions. Recovery management follows regulatory requirements set out in the EBA Guidelines on the management of non-performing and forborne exposures. In addition, Grupo Santander applies specific policies on recovery management that include the principles of the different strategies. The Collections & Recoveries areas directly manage customers. As sustained value creation is based on effective and efficient collections, digital channels that develop new customer relations are gaining importance. Grupo Santander's diverse customer base requires segmentation to manage recoveries appropriately. The highly technological and digital processes Grupo Santander follows help us attend to large groups of customers with similar profiles and products. Grupo Santander's personalized management, however, focuses on customer profiles that require a special manager and approach. Grupo Santander splits recovery management into four phases: arrears, credit impaired loans, write-offs and foreclosed assets. Grupo Santander may uses mechanisms to rapidly reduce assets like sales of foreclosed assets or credit impaired loans pool sales. Grupo Santander constantly seeks alternatives to legal action in order to collect debt. Grupo Santander includes debt instruments as written-off loans (even if they are not past-due) if an individual analysis of the solvency of a transaction and the borrower leads us to believe recovery is remote due to a notorious and unrecoverable impairment. Though this may lead to full or partial cancellation and de-recognition of the gross carrying amount of debt, it does not mean we interrupt negotiations and legal proceedings to recover debt. In countries with high exposure to real estate risk, we have efficient sales management instruments that help maximize recovery and optimize balance sheet stocks. 2. Main aggregates and variations Following are the main aggregates relating to credit risk from our activities with customers: MAIN CREDIT RISK PERFORMANCE METRICS FROM ACTIVITY WITH CUSTOMERS* December data Credit risk with customers ** Credit impaired loans NPL ratio (%) 2021 2020 2019 2021 2020 2019 2021 2020 2019 Europe 636,123 606,997 605,969 19,822 20,272 21,054 3.12 3.34 3.47 Spain 283,953 272,154 260,251 13,403 14,053 15,047 4.72 5.16 5.78 UK 262,869 252,255 264,297 3,766 3,138 2,736 1.43 1.24 1.04 Portugal 41,941 40,693 37,978 1,442 1,584 1,834 3.44 3.89 4.83 Poland 33,497 31,578 33,566 1,210 1,496 1,447 3.61 4.74 4.31 North America 149,792 131,626 143,839 3,632 2,938 3,165 2.42 2.23 2.20 US 112,808 99,135 105,792 2,624 2,025 2,331 2.33 2.04 2.20 Mexico 36,984 32,476 38,047 1,009 913 834 2.73 2.81 2.19 South America 141,874 129,590 143,428 6,387 5,688 6,972 4.50 4.39 4.86 Brazil 85,702 74,712 88,893 4,182 3,429 4,727 4.88 4.59 5.32 Chile 41,479 42,826 42,000 1,838 2,051 1,947 4.43 4.79 4.64 Argentina 5,481 4,418 5,044 198 93 171 3.61 2.11 3.39 Digital Consumer Bank 117,049 116,381 117,399 2,490 2,525 2,470 2.13 2.17 2.10 Corporate Centre 6,277 4,862 5,872 903 344 138 14.38 7.08 2.34 Total Group 1,051,115 989,456 1,016,507 33,234 31,767 33,799 3.16 3.21 3.32 * Management perimeter according to the reported segments. The Corporate & Investment Banking branches of Banco Santander, S.A. in Europe and other business lines previously reported under 'Other Europe' have been included into the Spain unit. ** Includes gross lending to customers, guarantees and documentary credits. Key figures by geographic region are described below at 31 December 2021: • Europe : the NPL ratio fell 22 bps to 3.12% from 2020 due to a significant reduction in credit impaired loans in Spain and Poland, offsetting the increase observed in the UK. • North America : the NPL ratio increased 19 bps to 2.42% from 2020, mainly due to increases at SC USA. NPL stock rose 24% year-on-year. • South America : the NPL ratio rose 11 bps to 4.50%. comparing to 2020, due to the increase observed in Argentina (+150 bps) and Brazil (+29 bps), offsetting the decrease in Chile (-36 bps). • Digital Consumer Bank: The NPL ratio decreased 4 bp to 2.13% comparing to 2020, despite the decrease in automobile financing. Information on the estimation of impairment losses Estimation of expected credit losses: The covid-19 health crisis, since its beginning in 2020, was unexpected, unpredictable and severe, but it is estimated to be of a temporary nature. Grupo Santander's priority in these circumstances has been to look after the health of its employees, customers and shareholders, but also to help reduce the economic impact of the pandemic. This includes trying to offer the best solutions to help customers. Conceptually, the phases in managing the effects of covid-19 have been: – Identification of customers or groups affected or potentially affected by the pandemic. – Early relief of temporary financial difficulties caused by covid-19 through measures promoted by governments, central banks, and financial institutions. – Monitoring the evolution of customers, to ensure that they continue to be provided with the best solution for their situation, and also to guarantee that their potential impairment is correctly reflected in the risk management and accounting. This point is particularly relevant at the expiry of any moratorium or liquidity support measures to which customers may have availed themselves. – Monitoring is accompanied by recovery management activities when necessary. These conceptual phases do not occur sequentially but overlap in time. Additionally, the continuous interaction and coordination between the different subsidiaries proved to be a fundamental asset in the management of this crisis. The experience obtained in the fight against the health crisis and its financial consequences in our different geographies, and the different speeds at which it has been developing in each of them, allow us to share the best practices identified and to implement in an agile and efficient manner those strategies and concrete actions that have been most successful, always adapted to the local reality of each market. Estimation of expected loss In the context described above on the measures taken in relation to covid-19, many regulators and supervisors highlighted the uncertainties surrounding the economic impacts of the health crisis. This is also evident in the frequent updates of macroeconomic forecasts, with different perspectives and views on the depth and duration of the crisis. Thus, the general recommendation (including IASB, ESMA, EBA and ECB) was not to mechanistically apply the usual techniques for calculating expected losses under IFRS 9, in order to avoid that this variability of economic conditions would translate into volatility in results, with its potential pro-cyclical effects on the economy. Thus, Grupo Santander has analysed losses under IFRS 9 on the basis of three types of elements: 1. Continuous monitoring of customers Monitoring the credit quality of customers could have been more complex in the current circumstances. For such monitoring, and in addition to the application of internal customer monitoring policies, all available information should be used. The availability of information and its relevance is different in the various portfolios of the different countries in which Grupo Santander operates, but it may include, but is not limited to the following: – The payment of interest in the case of principal-only shortfalls. – The payment of other operations of the same client in the institution (not subject to moratorium). – Information on payment of loans in other entities (through credit bureaus). – Customer financial information: average balances in current accounts, availability/use of limits, etc. – Available behavioural elements (variables that feed the behavioural scores, etc.). – Information gathered from customer contacts (surveys, calls, questionnaires, etc.). This may include: customers who have taken up furlough programs, direct government aid, etc. 2. Forward-looking vision As it was reflected by the IASB, macroeconomic uncertainty makes the usual application of IFRS 9 expected loss calculation models difficult but did not exempt the incorporation of the prospective feature of the standard. To this end, the European Central Bank recommended the use of a stable, long-term view (long-run) of the macroeconomic forecasts, which takes into account in the assessment the multiple support measures explained above. During 2021, this uncertainty has been reduced as vaccination progressed, hospitalisation rates gradually declined, allowing, in some cases, for the reduction of restriction measures. In parallel, support measures expired while maintaining the good performance of the portfolios. This implies that once the economic scenarios have been stabilising and converging to their potential growth, these new economic scenarios have been gradually updated in the models by returning to the standard forward-looking calculation. 3. Additional elements Additional elements will be required when necessary because they have not been captured under the two previous elements. This has included, among others, the analysis of sectors most affected by the pandemic if their impacts are not sufficiently captured by the macroeconomic scenarios. Also collective analysis techniques, when the potential impairment in a group of clients cannot be identified individually. With the elements indicated above, Grupo Santander has evaluated in each of the geographical areas the evolution of the credit quality of its customers, for the pu |
Explanation added for translati
Explanation added for translation to English | 12 Months Ended |
Dec. 31, 2021 | |
Additional information [abstract] | |
Explanation added for translation to English | Explanation added for translation to English These accompanying Consolidated Financial Statements, translation of the Consolidated Financial Statements originally issued in Spanish, are presented on the basis of the regulatory financial reporting framework applicable to the Group in Spain (see note 1.b). |
Additional disclosures
Additional disclosures | 12 Months Ended |
Dec. 31, 2021 | |
Parent Company Financial Statements And Preference Shares And Preferred Securities [Abstract] | |
Additional Disclosures | 4. Additional disclosures This note includes relevant information about additional disclosure requirements. 54.1 Parent company financial statements Following are the summarised balance sheets of Banco Santander, S.A. as of December 31, 2021, 2020 and 2019 : CONDENSED BALANCE SHEETS (Parent company only) 31 December 2021 31 December 2020 31 December 2019 (Millions of Euros) Assets Cash and due from banks 138,388 112,114 85,922 Of which: To bank subsidiaries 15,459 14,519 13,875 Trading account assets 77,988 81,433 86,583 Investment securities 29,949 29,477 44,020 Of which: To bank subsidiaries 12,137 13,603 9,504 To non-bank subsidiaries 2,087 3,399 3,450 Net loans and leases 301,342 295,739 276,330 Of which: To non-bank subsidiaries 31,296 27,555 28,690 Investment in affiliated companies 88,549 84,890 87,330 Of which: To bank subsidiaries 67,735 60,186 59,364 To non-bank subsidiaries 20,814 24,703 27,966 Premises and equipment, net 6,515 6,680 7,131 Other assets 15,219 19,036 22,600 Total assets 657,950 629,369 609,916 Liabilities Deposits 394,160 383,135 345,975 Of which: To bank subsidiaries 18,114 17,045 14,705 To non-bank subsidiaries 18,594 19,949 15,518 Short-term debt 19,181 14,513 20,547 Long-term debt 99,650 83,981 83,906 Total debt 118,831 98,494 104,453 Of which: To bank subsidiaries 221 617 — To non-bank subsidiaries 649 661 1,667 Other liabilities 78,386 82,803 89,265 Total liabilities 591,377 564,432 539,693 Stockholders' equity Capital stock 8,670 8,670 8,309 Retained earnings and other reserves 57,903 56,267 61,914 Total stockholders' equity 66,573 64,937 70,223 Total liabilities and Stockholders’ Equity 657,950 629,369 609,916 In the financial statements of the Parent Company, investments in subsidiaries, jointly controlled entities and associates are recorded at cost. Following are the condensed statements of income of Banco Santander, S.A. for the years ended December 31, 2021, 2020 and 2019. Year ended CONDENSED STATEMENTS OF INCOME (Parent company only) 31 December 2021 31 December 2020 31 December 2019 (Millions of Euros) Interest income 11,893 12,169 13,968 Interest from earning assets 6,821 6,853 8,009 Dividends from affiliated companies 5,072 5,316 5,959 Of which: From bank subsidiaries 4,075 1,810 3,019 From non-bank subsidiaries 997 3,506 2,940 Interest expense (2,785) (3,160) (4,108) Interest income / (charges) 9,108 9,009 9,860 Provision for credit losses (2,287) (2,558) (1,246) Interest income / (charges) after provision for credit losses 6,821 6,451 8,614 Non-interest income 4,092 5,322 4,132 Non-interest expense (7,049) (14,020) (9,168) Income before income taxes 3,864 (2,247) 3,578 Income tax benefit (expense) 68 (1,310) (48) Net income 3,932 (3,557) 3,530 Following are the condensed statements of comprehensive income of Banco Santander, S.A. for the years ended December 31, 2021, 2020 and 2019: Year ended CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parent company only) 31 December 2021 31 December 2020 31 December 2019 (Millions of Euros) NET INCOME 3,932 (3,557) 3,530 OTHER COMPREHENSIVE INCOME (662) (1,221) 119 Items that may be reclassified subsequently to profit or loss (265) (363) 421 Hedging instruments (items not designated) — — — Revaluation gains (losses) — — — Amounts transferred to income statement — — — Other reclassifications — — — Debt instruments at fair value with changes in other comprehensive income (524) (316) 723 Revaluation gains (losses) (243) 244 697 Amounts transferred to income statement (281) (560) (592) Other reclassifications — — 618 Cash flow hedges: 146 (206) (117) Revaluation gains/(losses) 153 (239) (205) Amounts transferred to income statement (7) 33 88 Amounts transferred to initial carrying amount of hedged items — — — Other reclassifications — — — Hedges of net investments in foreign operations: — — — Exchange differences — — — Non-current assets held for sale — — — Income tax 113 159 (185) Items that will not be reclassified to profit or loss (397) (858) (302) Actuarial gains/(losses) on pension plans 29 (77) (327) Other recognised income and expense of investments in subsidiaries, joint ventures and associates — — — Changes in the fair value of equity instruments measured at fair value through other comprehensive income (347) (796) (135) Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net — — — Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) 117 4 44 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) (117) (4) (44) Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk (93) 4 2 Income tax relating to items that will not be reclassified 14 11 158 TOTAL COMPREHENSIVE INCOME 3,270 (4,778) 3,649 Following are the condensed cash flow statements of Banco Santander, S.A. for the years ended December 31, 2021, 2020 and 2019. Year ended CONDENSED CASH FLOW STATEMENTS (Parent company only) 31 December 2021 31 December 2020 31 December 2019 (Millions of Euros) 1. Cash flows from operating activities Consolidated profit 3,932 (3,557) 3,530 Adjustments to profit 2,052 12,938 2,206 Net increase/decrease in operating assets (9,622) 7,513 (13,370) Net increase/decrease in operating liabilities 24,024 21,199 45 Reimbursements/payments of income tax (352) (251) 743 Total net cash flows from operating activities (1) 20,034 37,842 (6,846) 2. Cash flows from investing activities Investments (-) (2,266) (8,001) (7,094) Divestments (+) 6,349 4,738 1,952 Total net cash flows from investment activities (2) 4,083 (3,263) (5,142) 3. Cash flows from financing activities Issuance of own equity instruments — — — Disposal of own equity instruments 605 615 829 Acquisition of own equity instruments (1,446) (615) (829) Issuance of debt securities 4,440 3,722 1,056 Redemption of debt securities (2,248) (2,348) (4,578) Dividends paid (1,313) — (3,773) Issuance/Redemption of equity instruments — — — Other collections/payments related to financing activities (315) (287) (382) Total net cash flows from financing activities (3) (277) 1,087 (7,677) 4. Effect of exchange rate changes on cash and cash equivalents (4) 336 (576) 205 5. Net increase/decrease in cash and cash equivalents (1+2+3+4) 24,175 35,090 (19,460) Cash and cash equivalents at beginning of period 67,561 32,471 51,931 Cash and cash equivalents at end of period 91,736 67,561 32,471 54.2 Preference Shares and Preferred Securities The following table shows the balance of the preference shares and preferred securities as of 31 December 2021, 2020 and 2019: 2021 2020 2019 (Millions of Euros) Preference shares 209 196 321 Preferred securities 8,601 7,425 7,709 Total 8,810 7,621 8,030 Both Preference Shares and Preferred Securities are recorded under the “Financial liabilities at amortized cost - Subordinated Liabilities” caption in the consolidated balance sheet as of December 31, 2021, 2020 and 2019. Preference Shares include the financial instruments issued by the consolidated companies which, although equity for legal purposes, do not meet the requirements for classification as equity in the financial statements. These shares do not carry any voting rights and are non-cumulative. Preference shares include non-cumulative preferred non-voting shares issued by Santander UK plc. Preferred securities include non-cumulative preferred non-voting securities issued by Banco Santander, S.A. For the purposes of payment priority, preferred securities are junior to all general creditors and to subordinated deposits. The payment of dividends on these securities, which have no voting rights, is conditional upon the obtainment of sufficient distributable profit and upon the limits imposed by Spanish banking regulations on equity. Preference shares and preferred securities are perpetual securities and there is no obligation that requires the Group to redeem them. All securities have been fully subscribed by third parties outside the Group. In the consolidated balance sheets, these securities are shown net of any temporary transactions relating to liquidity guarantees. Santander Finance Preferred, S.A. (Unipersonal)- issuer of registered securities guaranteed by Banco Santander, S.A. until November 2017, merged in that date with Banco Santander, S.A. For further information, see note 23.c. Outstanding at 31 December 2021 Preference Shares Issuer/Date of issue Currency Amount in currency (million) Interest rate Redemption Santander UK plc, October 1995 Pounds Sterling 80.3 10.375% No option Santander UK plc, February 1996 Pounds Sterling 80.3 10.375% No option Outstanding at 31 December 2021 Preferred Securities Issuer/Date of issue Currency Amount in Interest rate Maturity date Banco Santander, S.A., April 2017 Euro 750.0 6.750% (B) Perpetuity Banco Santander, S.A., September 2017 Euro 1,000.0 5.250% (C) Perpetuity Banco Santander, S.A., March 2018 Euro 1,500.0 4.750% (D) Perpetuity Banco Santander, S.A., February 2019 US Dollar 1,200.0 7.500% (E) Perpetuity Banco Santander, S.A., January 2020 Euro 1,500.0 4.375% (F) Perpetuity Banco Santander, S.A., May 2021 US Dollar 1,000.0 4.750% (G) Perpetuity Banco Santander, S.A., May 2021 Euro 750.0 4.125% (H) Perpetuity Banco Santander, S.A., September 2021 Euro 1,000.0 3.625% (I) Perpetuity Santander Finance Preferred, S.A. (Unipersonal), September 2004 Euro 144.0 €CMS 10 + 0.05% subject to a maximum distribution of 8% per annum Perpetuity A.From these dates the issuer can redeem the shares, subject to prior authorization by the national supervisor. B.Payment is subject to certain conditions and to the discretion of the Bank. The 6.75% interest rate is set for the first five years. After that, it will be reviewed by applying a margin of 680.3 basis points on the 5-year Mid-Swap Rate. C. Payment is subject to certain conditions and to the discretion of the Bank. The 5.25% interest rate is set for the first six years. After that, it will be reviewed by applying a margin of 499.9 basis points on the 5-year Mid-Swap Rate. D.Payment is subject to certain conditions and to the discretion of the Bank. The 4.75% interest rate is set for the first seven years. After that, it will be reviewed by applying a margin of 409.7 basis points on the Mid-Swap Rate. E.Payment is subject to certain conditions and to the discretion of the Bank. The 7.50% interest rate is set for the first five years. After that, it will be reviewed every 5 years by applying a margin of 498.9 basis point on the Mid-Swap Rate . F. Payment is subject to certain conditions and to the discretion of the Bank. The 4.375% interest rate is set for the first six years. After that, it will be reviewed every 5 years by applying a margin of 453.4 basis point on the 5-year Mid-Swap Rate. G.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.750% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 375.3 basis points over the 5-year UST rate. H.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.125% interest rate is set for the first seven years, revised every 5 years thereafter by applying a margin of 431.1 basis points over the applicable 5-year Euro mid-swap. I. Payment is subject to certain conditions and to the discretion of Banco Santander. The 3.625% interest rate is set for the first eight years, revised every 5 years thereafter by applying a margin of 376 basis points over the 5-year Mid-Swap Rate. |
Accounting policies (Policies)
Accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Accounting Policies Abstract [Abstract] | |
Foreign currency transactions | a) Foreign currency transactions i. Presentation currency Banco Santander’s functional and presentation currency is the euro. Also, the presentation currency of the Group is the euro. ii. Translation of foreign currency balances Foreign currency balances are translated to euros in two consecutive stages: ▪ Translation of foreign currency to the functional currency (currency of the main economic environment in which the entity operates). ▪ Translation to euros of the balances held in the functional currencies of entities whose functional currency is not the euro. Translation of foreign currency to the functional currency Foreign currency transactions performed by consolidated entities (or entities accounted for using the equity method) not located in European Monetary Union (“EMU”) countries are initially recognised in their respective currencies. Monetary items in foreign currency are subsequently translated to their functional currencies using the closing rate. Furthermore: ▪ Non-monetary items measured at historical cost are translated to the functional currency at the exchange rate at the date of acquisition. ▪ Non-monetary items measured at fair value are translated at the exchange rate at the date when the fair value was determined. ▪ Income and expenses are translated at the average exchange rates for the year for all the transactions performed during the year. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the year which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates. ▪ The balances arising from non-hedging forward foreign currency/foreign currency and foreign currency/euro purchase and sale transactions are translated at the closing rates prevailing in the forward foreign currency market for the related maturity. Translation of functional currencies to euros The balances in the financial statements of consolidated entities (or entities accounted for using the equity method) whose functional currency is not the euro are translated to euros as follows: ▪ Assets and liabilities, at the closing rates. ▪ Income and expenses, at the average exchange rates for the year. ▪ Equity items, at the historical exchange rates. iii. Recognition of exchange differences The exchange differences arising on the translation of foreign currency balances to the functional currency are generally recognised at their net amount under 'Exchange differences, net' in the consolidated income statement, except for exchange differences arising on financial instruments at fair value through profit or loss, which are recognised in the consolidated income statement without distinguishing them from other changes in fair value, and for exchange differences arising on non-monetary items measured at fair value through equity, which are recognised under 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' (except for exchange differences on equity instruments, where the option to irrevocably elect to be measured at fair value through changes in accumulated other comprehensive income, which are recognised in accumulated 'Other Comprehensive Income - Items not to be reclassified to profit or loss - Changes in fair value of equity instruments measured at fair value' through other comprehensive income (see note 29). The exchange differences arising on the translation to euros of the financial statements denominated in functional currencies other than the euro are recognised in 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' in the consolidated balance sheet, whereas those arising on the translation to euros of the financial statements of entities accounted for using the equity method are recognised in equity under 'Other comprehensive income–Items that may be reclassified to profit or loss and Items not reclassified to profit or loss–Other recognised income and expense' of investments in subsidiaries, joint ventures and associates (see note 29), until the related item is derecognised, at which time they are recognised in profit or loss. Exchange differences arising on actuarial gains or losses when converting to euros the financial statements denominated in the functional currencies of entities whose functional currency is different from the euro are recognised under equity 'Other comprehensive income–Items not reclassified to profit or loss–Actuarial gains or (-) losses' on defined benefit pension plans (see note 29). iv. Entities located in hyperinflationary economies When a subsidiary operates in a country with hyperinflationary economy, IAS 29 Financial Information in Hyperinflationary Economies is applied, which means that: – Historical cost of non-monetary assets and liabilities and of the various items of equity have to be adjusted to reflect the changes in the purchasing power of the currency due to inflation from their date of acquisition or incorporation into the consolidated balance sheet. – The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in 'Other comprehensive income'. – The loss on the net monetary position is recorded in the income for the year against 'Accumulated Other comprehensive income'. – All components of the financial statements of the subsidiary are translated at the closing exchange rate. The deterioration of the economic situation in Argentina over the last years caused, among other impacts, a significant increase in inflation, which by the end of 2018 had reached 48% per year (147% accumulated in three years). This led the Group to conclude that it was necessary to apply IAS 29 Financial Information in Hyperinflationary Economies to its activities in the country in question in its consolidated financial statements from that year on. At that moment, according with Group’s accounting policies, exchange differences arising on the translation to the Group´s presentation currency of financial statements denominated in functional currencies other than euro for subsidiaries located in countries with high inflation rates were recorded in the consolidated statement of changes in total 'Equity-Other reserves'. However, on the basis of the meeting held on 3 March 2020 by the International Financial Reporting Standards Committee (IFRIC), in 2020 Grupo Santander changed its accounting policy with regard to the presentation of exchange differences and the effects of hyperinflation in the operations generated in Argentina, which resulted in a reclassification of EUR -2,136 million at 31 December 2019 for comparability purposes, from the heading "Other reserves" to "Accumulated other comprehensive income", from "Other reserves" to "Accumulated other comprehensive income", corresponding to the accumulated amount of exchange differences related to foreign operations in a hyperinflationary economy and the amount corresponding to the adjustment of the historical cost of the Argentine companies reflecting the changes in the purchasing power of the currency derived from inflation. This change in accounting policy and its consequent restatement between different equity items has no impact on the total equity of Grupo Santander. In accordance with the provisions of the Argentine Federation of Professional Councils in Economic Sciences (Fcpce), which is the organization that issues the professional accounting standards in said country, the inflation indexes applied are the wholesale internal price index (WPI) until 30 November 2016 and the National Consumer Price Index published by the National Institute of Statistics and Censues (Indec) from 1 December 2016 on. Inflation during 2021 wa s 50.9%% for the year (36.1% at 31 December 2020). The exchange rate at 31 December 2021 has been of Argentine peso s 116.30 pe r euro (Argentine pesos 103.16 Argentine pesos per euro at 31 December 2020). The net impact on Other Comprehensive Income in 2021 of the effects derived from the exchange differences arising on the translation to the Group´s presentation currency of financial statements of the subsidiaries located in Argentina and the application of IAS 29 was a profit of EUR 177 m illion (loss of EUR 202 million in 2020). At 31 December 2020, no other country in which the consolidated and associated entities of Grupo Santander are located is considered to have a hyperinflationary economy in accordance with the criteria establ ished in this regard by the International Financial Reporting Standards adopted by the European Union. v. Exposure to foreign currency risk Grupo Santander hedges a portion of its long-term foreign currency positions using foreign exchange derivative financial instruments (see note 36). Also, the Group manages foreign exchange risk dynamically by hedging its short-term position (with a potential impact on profit or loss) in order to limit the impact of currency depreciations while optimising the cost of financing the hedges. The following tables show the sensitivity of the consolidated income statement and consolidated equity to percentage changes of ± 1% in the foreign exchange rate positions arising from investments in Grupo Santander companies with currencies other than the euro (with its hedges) and in their results (with its hedges), in which the Group maintains significant balances. The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit of a 1% appreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2021 2020 2019 2021 2020 2019 US dollar (133.3) (123.6) (161.3) (8.6) (4.1) (3.5) Chilean peso (11.4) (20.4) (21.8) (2.4) (4.4) (2.3) Pound sterling (105.9) (107.9) (189.2) (2.3) (1.2) (3.9) Mexican peso (23.1) (21.7) (22.6) (0.9) (2.0) (3.3) Brazilian real (80.8) (75.0) (71.6) (15.4) (12.6) (10.4) Polish zloty (27.5) (26.7) (38.3) (1.1) (2.2) (1.2) Argentine peso (10.7) (7.9) (6.9) (2.5) (1.8) (1.2) Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit of a 1% depreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2021 2020 2019 2021 2020 2019 US dollar 136.0 126.1 164.6 8.8 4.2 3.5 Chilean peso 11.6 20.8 22.2 2.4 4.5 2.4 Pound sterling 108.0 110.1 193.0 2.3 1.2 4.0 Mexican peso 23.6 22.1 23.1 0.9 2.0 3.4 Brazilian real 82.4 76.5 73.1 15.7 12.8 10.6 Polish zloty 28.0 27.2 39.0 1.1 2.2 1.2 Argentine peso 11.0 8.0 7.0 2.6 1.8 1.3 The above data were obtained as follows: a) Effect on consolidated equity: in accordance with the accounting policy detailed in note 2.a.iii, foreign exchange rate impact arising on the translation to euros of the financial statements in the functional currencies of the Group entities whose functional currency is not the euro are recognised in consolidated equity. The potential effect that a change in the exchange rates of the related currency would have on the Group’s consolidated equity was therefore determined by applying the aforementioned change to the net value of each unit’s assets and liabilities -including, where appropriate, the related goodwill- and by taking into consideration the offsetting effect of the hedges of net investments in foreign operations. b) Effect on consolidated profit: the effect was determined by applying the up and down movements in the average exchange rates of the year, as indicated in note 2.a.ii (except in the case of Argentina, which is a hyperinflationary economy and has applied the closing exchange rate), to translate to euros the income and expenses of the consolidated entities whose functional currency is not the euro, taking into consideration, where appropriate, the offsetting effect of the various hedging transactions in place. The estimates used to obtain the foregoing data were performed considering the effects of the changes in the exchange rate in standalone basis not considering the effect of the performance of other variables whose changes would affect equity and profit or loss, such as variations in the interest rates of the reference currencies or other market factors. Accordingly, all variables other than the exchange rate variations were kept constant with respect to their positions at 31 December 2021, 2020 and 2019. |
Basis of consolidation | b) Basis of consolidation i. Subsidiaries Subsidiaries are defined as entities over which the Bank has the capacity to exercise control. The Bank controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of the subsidiaries are fully consolidated with those of the Bank. Accordingly, all balances and effects of the transactions between consolidated companies are eliminated on consolidation. On acquisition of control of a subsidiary, its assets, liabilities and contingent liabilities are recognised at their acquisition-date fair values. Any positive differences between the acquisition cost and the fair values of the identifiable net assets acquired are recognised as goodwill (see note 17). Negative differences are recognised in profit or loss on the date of acquisition. Additionally, the share of third parties of Grupo Santander equity is presented under 'Non-controlling interests' in the consolidated balance sheet (see note 28). Their share of the profit for the year is presented under 'Profit attributable to non-controlling interests' in the consolidated income statement. The results of subsidiaries acquired during the year are included in the consolidated income statement from the date of acquisition to year-end. Similarly, the results of subsidiaries for which control is lost during the year are included in the consolidated income statement from the beginning of the year to the date of disposal. At 31 December 2021 Grupo Santander controls a company in which it holds an ownership interest of less than 50% of the share capital, Luri 1, S.A., in liquidation, apart from the structured consolidated entities. The percentage ownership interest in the aforementioned company is 46% (see appendix I). Although Grupo Santander holds less than half the voting power, it manages and, as a result, exercises control over this entity. The company´s corporate purpose for the entity is the acquisition of real estate and other general operations relating thereto, including rental, and the purchase and sale of properties; the company object of the latter entity is the provision of payment services. The impact of the consolidation of this company on the Group's consolidated financial statements is immaterial. The appendices contain significant information on the subsidiaries. ii. Interests in joint ventures Joint ventures are deemed to be entities that are not subsidiaries but which are jointly controlled by two or more unrelated entities. This is evidenced by contractual arrangements whereby two or more parties have interests in entities so that decisions about the relevant activities require the unanimous consent of all the parties sharing control. In the consolidated financial statements, investments in joint ventures are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with a joint venture are eliminated to the extent of the Group’s interest therein. The appendices contain relevant information on the joint ventures. iii. Associates Associates are entities over which Banco Santander is in a position to exercise significant influence, but not control or joint control. It is presumed that Banco Santander exercises significant influence if it holds 20% or more of the voting power of the investee. In the consolidated financial statements, investments in associates are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with an associate are eliminated to the extent of the Group’s interest in the associate. There are certain investments in entities which, although Grupo Santander owns 20% or more of their voting power, are not considered to be associates because the Group is not in a position to exercise significant influence over them. At 31 December 2021 and 2020, this was the situation of the investment in Project Quasar Investments 2017, S.L., despite maintaining a 49% interest in its share capital (see appendix II). The remaining investments are not significant for the Group. There are also certain investments in associates where the Group owns less than 20% of the voting rights, as it is determined that it has the capacity to exercise significant influence over them. The impact of these companies is immaterial in the Group's consolidated financial statements. The appendices contain significant information on the associates. iv. Structured entities When Grupo Santander incorporates entities, or holds ownership interests therein, to enable its customers to access certain investments, or for the transfer of risks or other purposes (also called structured entities since the voting or similar power is not a key factor in deciding who controls the entity), the Group determines, using internal criteria and procedures and taking into consideration the applicable legislation, when control (as defined above) exists and, therefore, whether these entities should be consolidated. Specifically, for those entities to which this policy applies (mainly investment funds and pension funds), the Group analyses the following factors: ▪ Percentage of ownership held by Grupo Santander; 20% is established as the general threshold. ▪ Identification of the fund manager, and verification as to whether it is a company controlled by the Group since this could affect Grupo Santander ability to direct the relevant activities. ▪ Existence of agreements between investors that might require decisions to be taken jointly by the investors, rather than by the fund manager. ▪ Existence of currently exercisable removal rights (possibility of removing the manager from his position), since the existence of such rights might limit the manager’s power over the fund, and it may be concluded that the manager is acting as an agent of the investors. ▪ Analysis of the fund manager’s remuneration regime, taking into consideration that a remuneration regime that is proportionate to the service rendered does not, generally, create exposure of such importance as to indicate that the manager is acting as the principal. Conversely, if the remuneration regime is not proportionate to the service rendered, this might give rise to an exposure that would lead the Group to a different conclusion. These structured entities also include the securitisation special purpose vehicles, which are consolidated in the case of the Special Purpose Vehicles (SPVs) over which, being exposed to variable yield, it is considered that the Group continues to exercise control. The exposure associated with unconsolidated structured entities are not material with respect to the Group’s consolidated financial statements. v. Business combinations A business combination is the bringing together of two or more separate entities or economic units into one single entity or group of entities. Business combinations whereby Grupo Santander obtains control over an entity or a business are recognised for accounting purposes as follows: ▪ Grupo Santander measures the cost of the business combination, which is normally the consideration transferred, defined as the acquisition-date fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity instruments issued, if any, by the acquirer. In cases where the amount of the consideration to be transferred has not been definitively established at the acquisition date, but rather depends on future events, any contingent consideration is recognised as part of the consideration transferred and measured at its acquisition-date fair value. Moreover, acquisition-related costs do not for these purposes form part of the cost of the business combination. ▪ The fair values of the assets, liabilities and contingent liabilities of the acquired entity or business, including any intangible assets identified in the business combination which might not have been recognised by the acquiree, are estimated and recognised in the consolidated balance sheet; the Group also estimates the amount of any non-controlling interests and the fair value of the previously held equity interest in the acquiree. ▪ Any positive difference between the aforementioned items is recognised as discussed in note 2.m. Any negative difference is recognised under 'Negative Goodwill' recognised in the consolidated income statement. Goodwill is only calculated and recognised once, when control of a business or an entity is obtained. vi. Changes in the levels of ownership interests in subsidiaries Acquisitions and disposals not giving rise to a change in control are recognised as equity transactions, and no gain or loss is recognised in the income statement and the initially recognised goodwill is not remeasured. The difference between the consideration transferred or received and the decrease or increase in non-controlling interests, respectively, is recognised in reserves. Similarly, when control over a subsidiary is lost, the assets, liabilities and non-controlling interests and any other items recognised in 'Other Comprehensive income' of that company are derecognised from the consolidated balance sheet, and the fair value of the consideration received and of any remaining equity interest is recognised. The difference between these amounts is recognised in profit or loss. vii. Acquisitions and sales Note 3 provides information on the most significant acquisitions and sales in the last three years. |
Definitions and classification of financial instruments | c) Definitions and classification of financial instruments i. Definitions A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. An equity instrument is a contract that evidences a residual interest in the assets of the issuing entity after deducting all of its liabilities. A financial derivative is a financial instrument whose value changes in response to the change in an observable market variable (such as an interest rate, foreign exchange rate, financial instrument price, market index or credit rating), whose initial investment is very small compared with other financial instruments with a similar response to changes in market factors, and which is generally settled at a future date. Hybrid financial instruments are contracts that simultaneously include a non-derivative host contract together with a derivative, known as an embedded derivative, that is not separately transferable and has the effect that some of the cash flows of the hybrid contract vary in a way similar to a stand-alone derivative. Compound financial instruments are contracts that simultaneously create for their issuer a financial liability and an own equity instrument (such as convertible bonds, which entitle their holders to convert them into equity instruments of the issuer). The preference shares contingently convertible into ordinary shares eligible as Additional Tier 1 capital (CCPSs) -perpetual shares, which may be repurchased by the issuer in certain circumstances, the interest on which is discretionary, and would convert into variable number of newly issued ordinary shares if the capital ratio of the Bank or its consolidated group falls below a given percentage (trigger event), as those two terms are defined in the related issue prospectuses- are recognised for accounting purposes by the Group as compound instruments. The liability component reflects the issuer’s obligation to deliver a variable number of shares and the equity component reflects the issuer’s discretion in relation to the payment of the related coupons. In order to effect the initial allocation, the Group estimates the fair value of the liability as the amount that would have to be delivered if the trigger event were to occur immediately and, accordingly, the equity component, calculated as the residual amount, is zero. In view of the aforementioned discretionary nature of the payment of the coupons, they are deducted directly from equity. Capital perpetual preference shares (CPPS), with the possibility of purchase by the issuer in certain circumstances, whose remuneration is discretionary, and which will be amortised permanently, totally or partially, in the event that the bank or its consolidated group submits a capital ratio lesser than a certain percentage (trigger event), as defined in the corresponding prospectuses, are accounted for by the Group as equity instruments. The following transactions are not treated for accounting purposes as financial instruments: ▪ Investments in associates and joint ventures (see note 13). ▪ Rights and obligations under employee benefit plans (see note 25). ▪ Rights and obligations under insurance contracts (see note 15). ▪ Contracts and obligations relating to employee remuneration based on own equity instruments (see note 34). ii. Classification of financial assets for measurement purposes Financial assets are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Non-current assets held for sale' or they relate to 'Cash, cash balances at central banks and other deposits on demand', 'Changes in the fair value of hedged items in portfolio hedges of interest rate risk (asset side)', 'Hedging derivatives and Investments', which are reported separately. Classification of financial instruments: the classification criteria for financial assets depends on the business model for their management and the characteristics of their contractual flows. Grupo Santander business models refer to the way in which it manages its financial assets to generate cash flows. In defining these models, the Group takes into account the following factors: • How key management staff are assessed and reported on the performance of the business model and the financial assets held in the business model. • The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed. • How business managers are remunerated. • The frequency and volume of sales in previous years, as well as expectations of future sales. The analysis of the characteristics of the contractual flows of financial assets requires an assessment of the congruence of these flows with a basic loan agreement. The Group determines if the contractual cash flows of its financial assets that are only principal and interest payments on the outstanding principal amount at the beginning of the transaction. This analysis takes into consideration four factors (performance, clauses, contractually linked products and currencies). Furthermore, among the most significant judgements used by the Group in carrying out this analysis, the following ones are included: • The return on the financial asset, in particular in cases of periodic interest rate adjustments where the term of the reference rate does not coincide with the frequency of the adjustment. In these cases, an assessment is made to determine whether or not the contractual cash flows differ significantly from the flows without this change in the time value of money, establishing a tolerance level of 2%. • The contractual clauses that may modify the cash flows of the financial asset, for which the structure of the cash flows before and after the activation of such clauses is analysed. • Financial assets whose cash flows have different priority for payment due to a contractual link to underlying assets (e.g. securitisations) require a look-through analysis by the Group so as to review that both the financial asset and the underlying assets are only principal and interest payments and that the exposure to credit risk of the set of underlying assets belonging to the tranche analysed is less than or equal to the exposure to credit risk of the set of underlying assets of the instrument. Depending on these factors, the asset can be measured at amortised cost, at fair value with changes in other comprehensive income, or at fair value with changes through profit and loss. IFRS 9 also establishes an option to designate an instrument at fair value with changes in profit or loss, when doing so eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as 'accounting asymmetry') that would otherwise arise from measuring assets or liabilities or recognising gains and losses on different bases. Grupo Santander uses the following criteria for the classification of financial debt instruments: • Amortised cost: financial instruments under a business model whose objective is to collect principal and interest flows, over which there is no significant unjustified sales and fair value is not a key element in the management of these assets and contractual conditions they give rise to cash flows on specific dates, which are only payments of principal and interest on the outstanding principal amount. In this sense, unjustified sales are considered to be those other than those related to an increase in the credit risk of the asset, unanticipated funding needs (stress case scenarios). Additionally, the characteristics of its contractual flows represent substantially a “basic financing agreement”. • Fair value with changes in other comprehensive income: financial instruments held in a business model whose objective is to collect principal and interest cash flows and the sale of these assets, where fair value is a key factor in their management. Additionally, the contractual cash flow characteristics substantially represent a 'basic financing agreement'. • Fair value with changes in profit or loss: financial instruments included in a business model whose objective is not obtained through the above mentioned models, where fair value is a key factor in managing of these assets, and financial instruments whose contractual cash flow characteristics do not substantially represent a 'basic financing agreement'. In this section it can be enclosed the portfolios classified under 'Financial assets held for trading', 'Non-trading financial assets mandatorily at fair value through profit or loss' and 'Financial assets at fair value through profit or loss'. In this regard, most of the financial assets presented in the category of 'Financial assets designated at value reasonable with change in results' are instruments financial services that, not being part of the portfolio of negotiation, are contracted jointly with other financial instruments that are recorded in the category of 'held for trading', and that by both are recorded at fair value with changes in results, so your record in any other category would produce accounting asymmetries. Equity instruments will be classified at fair value under IFRS 9, with changes in profit or loss, unless the Group decides, for non-trading assets, to classify them at fair value with changes in other comprehensive income (irrevocably) at initial recognition. iii. Classification of financial assets for presentation purposes Financial assets are classified by nature into the following items in the consolidated balance sheet: • Cash, cash balances at Central Banks and other deposits on demand: cash balances and balances receivable on demand relating to deposits with central banks and credit institutions. • Loans and advances: includes the debit balances of all credit and loans granted by the Group, other than those represented by securities, as well as finance lease receivables and other debit balances of a financial nature in favour of the Group such as cheques drawn on credit institutions, balances receivable from clearing houses and settlement agencies for transactions on the stock exchange and organised markets, bonds given in cash, capital calls, fees and commissions receivable for financial guarantees and debit balances arising from transactions not originating in banking transactions and services, such as the collection of rentals and similar items. They are classified, on the basis of the institutional sector to which the debtor belongs, into: – Central banks: credit of any nature, including deposits and money market transactions received from the Bank of Spain or other central banks. – Credit institutions: credit of any nature, including deposits and money market transactions, in the name of credit institutions. – Customers: includes the remaining credit, including money market transactions through central counterparties. ▪ Debt instruments: bonds and other securities that represent a debt for their issuer, that generate an interest return, and that are in the form of certificates or book entries. ▪ Equity instruments: financial instruments issued by other entities, such as shares, which have the nature of equity instruments for the issuer, other than investments in subsidiaries, joint ventures or associates. Investment fund units are included in this item. ▪ Derivatives: includes the fair value in favour of the Group of derivatives which do not form part of hedge accounting, including embedded derivatives separated from hybrid financial instruments. ▪ Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts credited to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives. ▪ Hedging derivatives: Includes the fair value in favour of the Group of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting. iv. Classification of financial liabilities for measurement purposes Financial liabilities are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Liabilities associated with non-current assets held for sale' or they relate to 'Hedging derivatives' or changes in the fair value of hedged items in portfolio hedges of interest rate risk (liability side), which are reported separately. In most cases, changes in the fair value of financial liabilities designated at fair value through profit or loss, caused by the entity's credit risk, are recognized in other comprehensive income. Financial liabilities are included for measurement purposes in one of the following categories: ▪ Financial liabilities held for trading (at fair value through profit or loss): this category includes financial liabilities incurred for the purpose of generating a profit in the near term from fluctuations in their prices, financial derivatives not designated as hedging instruments, and financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements (“reverse repos”) or borrowed (short positions). ▪ Financial liabilities designated at fair value through profit or loss: financial liabilities are included in this category when they provide more relevant information, either because this eliminates or significantly reduces recognition or measurement inconsistencies (accounting mismatches) that would otherwise arise from measuring assets or liabilities or recognising the gains or losses on them on different bases, or because a group of financial liabilities or financial assets and liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided on that basis to the Group’s key management personnel. Liabilities may only be included in this category on the date when they are incurred or originated. Liabilities may only be included in this portfolio at the date of issue or origination. ▪ Financial liabilities at amortised cost: financial liabilities, irrespective of their instrumentation and maturity, not included in any of the above-mentioned categories which arise from the ordinary borrowing activities carried on by financial institutions. v. Classification of financial liabilities for presentation purposes Financial liabilities are classified by nature into the following items in the consolidated balance sheet: ▪ Deposits: includes all repayable balances received in cash by Grupo Santander, other than those instrumented as marketable securities and those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors), except for the debt instruments. This item also includes cash bonds and cash consignments received the amount of which may be invested without restriction. Deposits are classified on the basis of the creditor’s institutional sector into: – Central banks: deposits of any nature, including credit received and money market transactions received from the Bank of Spain or other central banks. – Credit institutions: deposits of any nature, including credit received and money market transactions in the name of credit institutions. – Customer: includes the remaining deposits, including money market transactions through central counterparties. On 6 June 2019, the European Central Bank announced a new program of targeted longer-term refinancing operations (TLTRO III); additionally, the conditions of the initial program were successively modified in the months of March and April 2020, reducing the interest rate by 25 bps to -0.5% from June 2020 to June 2021 and providing that, for banks meeting a certain volume of eligible loans, the interest rate could be -1% for that period. These conditions were extended on December 10, 2020 for the period from June 2021 to June 2022, including the option to cancel or reduce the amount of financing before maturity in windows coinciding with the interest rate review and adjustment periods. The accounting standards indicate that for the recording of amortized cost the entity 'shall use a shorter period when the fees, basis points paid or received, transaction costs, premiums or discounts relate to it, this being the case when the variable to which the fees, basis points paid or received, transaction costs, and discounts or premiums relate is adjusted to market rates prior to the expected maturity of the financial instrument. In this case, the appropriate amortization period is the period until the next adjustment date'. In this case, the applicable interest rate of -1% from June 2020 to June 2021 and from June 2021 to June 2022 corresponds to a specific period after which the funding is adjusted to market rates (specifically, the average rate applied in the Eurosystem's main refinancing operations) and must therefore be accrued until the next adjustment date. The early repayment windows of this funding program are substantive terms, given that at that time of adjustment of the funding cost to market, the entity may opt for renewal or cancellation and obtain new funding at more favorable terms. Grupo Santander has opted to accrue interest in accordance with the specific periods of adjustment to market rates, so that the interest corresponding to that period (-1%) will be recorded in the income statement from June 2020 to June 2022, assuming compliance with the threshold of eligible loans that gives rise to the extra rate. Compliance with the qualifying loan thresholds is assessed at each reporting date and is based on the financial budgets approved by the Group's directors, as well as on the evolution of macroeconomic variables (GDP, unemployment rate, inflation, etc.). If, subsequent to the initial recording of the financial liability, there is a change in the expectations of meeting this threshold of eligible loans, the Group would adjust the carrying amount of the financial liability to the amount resulting from discounting the new estimated flows at the original Effective Interest Rate (EIR), recognizing this difference in profit or loss, without modifying the original EIR. At the end of both periods, the Group has met the financing objective established in the program, although the data relating to the second reference period (October 2020 to December 2021), will not be sent until next May, after validation by the external auditor, as established in the program conditions. ▪ Marketable debt securities: includes the amount of bonds and other debt represented by marketable securities, other than those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors, and includes the amount of the financial instruments issued by the Group which, having the legal nature of capital, do not meet the requirements to qualify as equity, such as certain preferred shares issued). This item includes the component that has the consideration of financial liability of the securities issued that are compound financial instruments. ▪ Derivatives: includes the fair value, with a negative balance for the Group, of derivatives, including embedded derivatives separated from the host contract, which do not form part of hedge accounting. • Short positions: includes the amount of financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements or borrowed. ▪ Other financial liabilities: includes the amount of payment obligations having the nature of financial liabilities not included in other items (includes, among others, the balance of lease liabilities that started to be recorded in 2019 as a result of the application of IFRS 16), and liabilities under financial guarantee contracts, unless they have been classified as non-performing. ▪ Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts charged to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives. ▪ Hedging derivatives: includes the fair value of the Group’s liability in respect of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting. |
Measurement of financial assets and liabilities and recognition of fair value changes | Measurement of financial assets and liabilities and recognition of fair value changes In general, financial assets and liabilities are initially recognised at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. In this regard, IFRS 9 states that regular way purchases or sales of financial assets shall be recognised and derecognised on the trade date or on the settlement date. Grupo Santander has opted to make such recognition on the trading date or settlement date, depending on the convention of each of the markets in which the transactions are carried out. For example, in relation to the purchase or sale of debt securities or equity instruments traded in the Spanish market, securities market regulations stipulate their effective transfer at the time of settlement and, therefore, the same time has been established for the accounting record to be made. The fair value of instruments not measured at fair value through profit and loss is adjusted by transaction costs. Subsequently, and on the occasion of each accounting close, they are valued in accordance with the following criteria: i. Measurement of financial assets Financial assets are measured at fair value are valued mainly at their fair value without deducting any transaction cost for their sale. The fair value of a financial instrument on a given date is taken to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The most objective and common reference for the fair value of a financial instrument is the price that would be paid for it on an active, transparent and deep market (quoted price or market price). At 31 December 2021, there were no significant investments in quoted financial instruments that had ceased to be recognised at their quoted price because their market could not be deemed to be active. If there is no market price for a given financial instrument, its fair value is estimated on the basis of the price established in recent transactions involving similar instruments and, in the absence thereof, of valuation techniques commonly used by the international financial community, taking into account the specific features of the instrument to be measured and, particularly, the various types of risk associated with it. All derivatives are recognised in the balance sheet at fair value from the trade date. If the fair value is positive, they are recognised as an asset and if the fair value is negative, they are recognised as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recognised in 'Gains/losses on financial assets and liabilities held for trading (net)' in the consolidated income statement. Specifically, the fair value of financial derivatives traded in organised markets included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price and if, for exceptional reasons, the quoted price cannot be determined on a given date, these financial derivatives are measured using methods similar to those used to measure derivatives. The fair value of derivatives is taken to be the sum of the future cash flows arising from the instrument, discounted to present value at the date of measurement (present value or theoretical close) using valuation techniques commonly used by the financial markets: net present value, option pricing models and other methods. The amount of debt securities and loans and advances under a business model whose objective is to collect the principal and interest flows are valued at their amortised cost, as long as they comply with the 'SPPI' (Solely Payments of Principal and Interest) test, using the effective interest rate method in their determination. Amortised cost refers to the acquisition cost of a corrected financial asset or liability (more or less, as the case may be) for repayments of principal and the part systematically charged to the consolidated income statement of the difference between the initial cost and the corresponding reimbursement value at expiration. In the case of financial assets, the amortised cost includes, in addition, the corrections to their value due to the impairment. In the loans and advances covered in fair value hedging transactions, the changes that occur in their fair value related to the risk or the risks covered in these hedging transactions are recorded. The effective interest rate is the discount rate that exactly matches the carrying amount of a financial instrument to all its estimated cash flows of all kinds over its remaining life. For fixed rate financial instruments, the effective interest rate coincides with the contractual interest rate established on the acquisition date plus, where applicable, the fees and transaction costs that, because of their nature, form part of their financial return. In the case of floating rate financial instruments, the effective interest rate coincides with the rate of return prevailing in all connections until the next benchmark interest reset date. Equity instruments and contracts related with these instruments are measured at fair value. However, in certain circumstances the Group estimates cost value as a suitable estimate of the fair value. This can happen if the recent event available information is not enough to measure the fair value or if there is a broad range of possible measures and the cost value represents the best estimates of fair value within this range. The amounts at which the financial assets are recognised represent, in all material respects, the Group’s maximum exposure to credit risk at each reporting date. Also, Grupo Santander has received collateral and other credit enhancements to mitigate its exposure to credit risk, which consist mainly of mortgage guarantees, cash collateral, equity instruments and personal security, assets leased out under finance lease and full-service lease agreements, assets acquired under repurchase agreements, securities loans and credit derivatives. ii. Measurement of financial liabilities In general, financial liabilities are measured at amortised cost, as defined above, except for those included under 'Financial liabilities held for trading' and 'Financial liabilities designated at fair value through profit or loss' and financial liabilities designated as hedged items (or hedging instruments) in fair value hedges, which are measured at fair value. The changes in credit risk arising from financial liabilities designated at fair value through profit or loss are recognised in accumulated other comprehensive income, unless they generate or increase an accounting mismatch, in which case changes in the fair value of the financial liability in all respects are recognised in the income statement. iii. Valuation techniques The following table summarises the fair values, at the end of each of the years indicated, of the financial assets and liabilities listed below, classified according to the different valuation methodologies used by the Group to determine their fair value: EUR million 2021 2020 2019 Published Internal Total Published Internal Total Published Internal Total Financial assets held for trading 39,678 77,275 116,953 46,379 68,566 114,945 44,581 63,649 108,230 Non-trading financial assets mandatorily at fair value through profit or loss 2,398 3,138 5,536 1,756 2,730 4,486 1,530 3,381 4,911 Financial assets designated at fair value through profit or loss 2,113 13,844 15,957 2,509 46,208 48,717 2,572 59,497 62,069 Financial assets at fair value through other comprehensive income 77,749 30,289 108,038 91,771 29,182 120,953 103,089 22,619 125,708 Hedging derivatives (assets) — 4,761 4,761 — 8,325 8,325 — 7,216 7,216 Financial liabilities held for trading 10,379 69,090 79,469 9,863 71,304 81,167 9,781 67,358 77,139 Financial liabilities designated at fair value through profit or loss 3,620 29,113 32,733 2,118 45,920 48,038 1,484 59,511 60,995 Hedging derivatives (liabilities) — 5,463 5,463 — 6,869 6,869 — 6,048 6,048 Liabilities under insurance or reinsurance contracts — 770 770 — 910 910 — 739 739 The financial instruments at fair value determined on the basis of published price quotations in active markets (level 1) include government debt securities, private-sector debt securities, derivatives traded in organised markets, securitised assets, shares, short positions and fixed-income securities issued. In cases where price quotations cannot be observed, management makes its best estimate of the price that the market would set, using its own internal models. In most cases, these internal models use data based on observable market parameters as significant inputs (level 2) and, in cases, they use significant inputs not observable in market data (level 3). In order to make these estimates, various techniques are employed, including the extrapolation of observable market data. The best evidence of the fair value of a financial instrument on initial recognition is the transaction price, unless the fair value of the instrument can be obtained from other market transactions performed with the same or similar instruments or can be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates. Grupo Santander has developed a formal process for the systematic valuation and management of financial instruments, which has been implemented worldwide across all the Group’s units. The governance scheme for this process distributes responsibilities between two independent divisions: Treasury (development, marketing and daily management of financial products and market data) and Risk (on a periodic basis, validation of pricing models and market data, computation of risk metrics, new transaction approval policies, management of market risk and implementation of fair value adjustment policies). The approval of new products follows a sequence of steps (request, development, validation, integration in corporate systems and quality assurance) before the product is brought into production. This process ensures that pricing systems have been properly reviewed and are stable before they are used. The following subsections set forth the most important products and families of derivatives, and the related valuation techniques and inputs, by asset class: Fixed income and inflation The fixed income asset class includes basic instruments such as interest rate forwards, interest rate swaps and cross currency swaps, which are valued using the net present value of the estimated future cash flows discounted taking into account basis swap and cross currency spreads determined on the basis of the payment frequency and currency of each leg of the derivative. Vanilla options, including caps, floors and swaptions, are priced using the Black-Scholes model, which is one of the benchmark industry models. More exotic derivatives are priced using more complex models which are generally accepted as standard across institutions. These pricing models are fed with observable market data such as deposit interest rates, futures rates, cross currency swap and constant maturity swap rates, and basis spreads, on the basis of which different yield curves, depending on the payment frequency, and discounting curves are calculated for each currency. In the case of options, implied volatilities are also used as model inputs. These volatilities are observable in the market for cap and floor options and swaptions, and interpolation and extrapolation of volatilities from the quoted ranges are carried out using generally accepted industry models. The pricing of more exotic derivatives may require the use of non-observable data or parameters, such as correlation (among interest rates and cross-asset), mean reversion rates and prepayment rates, which are usually defined from historical data or through calibration. Inflation-related assets include zero-coupon or year-on-year inflation-linked bonds and swaps, valued with the present value method using forward estimation and discounting. Derivatives on inflation indices are priced using standard or more complex bespoke models, as appropriate. Valuation inputs of these models consider inflation-linked swap spreads observable in the market and estimations of inflation seasonality, on the basis of which a forward inflation curve is calculated. Also, implied volatilities taken from zero-coupon and year-on-year inflation options are also inputs for the pricing of more complex derivatives. Equity and foreign exchange The most important products in these asset classes are forward and futures contracts; they also include vanilla, listed and OTC (Over-The-Counter) derivatives on single underlying assets and baskets of assets. Vanilla options are priced using the standard Black-Scholes model and more exotic derivatives involving forward returns, average performance, or digital, barrier or callable features are priced using generally accepted industry models or bespoke models, as appropriate. For derivatives on illiquid stocks, hedging takes into account the liquidity constraints in models. The inputs of equity models consider yield curves, spot prices, dividends, asset funding costs (repo margin spreads), implied volatilities, correlation among equity stocks and indices, and cross-asset correlation. Implied volatilities are obtained from market quotes of European and American-style vanilla call and put options. Various interpolation and extrapolation techniques are used to obtain continuous volatility for illiquid stocks. Dividends are usually estimated for the mid and long term. Correlations are implied, when possible, from market quotes of correlation-dependent products. In all other cases, proxies are used for correlations between benchmark underlyings or correlations are obtained from historical data. The inputs of foreign exchange models include the yield curve for each currency, the spot foreign exchange rate, the implied volatilities and the correlation among assets of this class. Volatilities are obtained from European call and put options which are quoted in markets as of-the-money, risk reversal or butterfly options. Illiquid currency pairs are usually handled by using the data of the liquid pairs from which the illiquid currency can be derived. For more exotic products, unobservable model parameters may be estimated by fitting to reference prices provided by other non-quoted market sources. Credit The most common instrument in this asset class is the credit default swap (CDS), which is used to hedge credit exposure to third parties. In addition, models for first-to-default (FTD), n-to-default (NTD) and single-tranche collateralised debt obligation (CDO) products are also available. These products are valued with standard industry models, which estimate the probability of default of a single issuer (for CDS) or the joint probability of default of more than one issuer for FTD, NTD and CDO. Valuation inputs are the yield curve, the CDS spread curve and the recovery rate. For indices and important individual issuers, the CDS spread curve is obtained in the market. For less liquid issuers, this spread curve is estimated using proxies or other credit-dependent instruments. Recovery rates are usually set to standard values. For listed single-tranche CDO, the correlation of joint default of several issuers is implied from the market. For FTD, NTD and bespoke CDO, the correlation is estimated from proxies or historical data when no other option is available. Valuation adjustment for counterparty risk or default risk The Credit valuation adjustment (CVA) is a valuation adjustment to over the counter (OTC) derivatives as a result of the risk associated with the credit exposure assumed to each counterparty. The CVA is calculated taking into account potential exposure to each counterparty in each future period. The CVA for a specific counterparty is equal to the sum of the CVA for all the periods. The following inputs are used to calculate the CVA: • Expected exposure: including for each transaction the mark-to-market (MtM) value plus an add-on for the potential future exposure for each period. Mitigating factors such as collateral and netting agreements are taken into account, as well as a temporary impairment factor for derivatives with interim payments. • Severity: percentage of final loss assumed in a counterparty credit event/default. • Probability of default: for cases where there is no market information (the CDS quoted spread curve, etc.), proxies based on companies holding exchange-listed CDS, in the same industry and with the same external rating as the counterparty, are used. • Discount factor curve. The Debit Valuation Adjustment (DVA) is a valuation adjustment similar to the CVA but, in this case, it arises as a result of the Group’s own risk assumed by its counterparties in OTC derivatives. The CVA at 31 December 2021 amounted to EUR 237 million (resulting in a decrease of 41.9% compared to 31 December 2020) and DVA amounted to EUR 162 million (resulting in a decrease of 30.4% compared to 31 December 2020). These impacts are mainly due to the continuous improvement in credit markets, the creation of particular credit curves for certain counterparties and the introduction of methodological improvements in the calculation of exposures. The CVA at 31 December 2020 amounted to EUR 408 million (resulting in an increase of 49.8% compared to 31 December 2019) and DVA amounted to EUR 233 million (resulting in an increase of 36.0% compared to 31 December 2019). These impacts were due to the fact that credit spread levels were at levels above 25% compared to 2019 due to the covid-19 pandemic. The CVA at 31 December 2019 amounted to EUR 272 million (decrease of 22.5% compared to 31 December 2018) and DVA amounted EUR 171 million (decrease of 34.6% compared to 31 December 2018). The decrease was mainly due to improvements in the credit quality of counterparties, which led to reductions in credit spreads in percentages of around 40% in the most liquid maturities. In addition, the Group amounts the funding fair value adjustment (FFVA) is calculated by applying future market funding spreads to the expected future funding exposure of any uncollateralised component of the OTC derivative portfolio. This includes the uncollateralised component of collateralised derivatives in addition to derivatives that are fully uncollateralised. The expected future funding exposure is calculated by a simulation methodology, where available. The FFVA impact is not material for the consolidated financial statements as of 31 December 2021, 2020 and 2019. Grupo Santander has not carried out significant reclassifications of financial instruments between levels other than those disclosed in level 3 movement table during 2021 continuing the trend observed in 2020. The main variations over the last few years in the Level 3 volume have been due to purchases/sales of these instruments. There have been no significant variations in the market observability conditions, nor relevant changes in the criteria used for the classification of instruments within the fair value hierarchy. In 2019, the Group reclassified between levels 2 and 3 financial instruments for a net amount of EUR 708 million (mainly due to reclassifications to level 2 of positions, both derivatives as debt instruments, with maturities for that there were already observable assessment inputs or on which new sources of information have been recurring prices, and at level 3 certain bonds in Brazil that, based on the criteria of observability of the Group, did not meet the requirements to be considered as observable inputs). Valuation adjustments due to model risk The valuation models described above do not involve a significant level of subjectivity, since they can be adjusted and recalibrated, where appropriate, through internal calculation of the fair value and subsequent comparison with the related actively traded price. However, valuation adjustments may be necessary when market quoted prices are not available for comparison purposes. The sources of risk are associated with uncertain model parameters, illiquid underlying issuers, and poor quality market data or missing risk factors (sometimes the best available option is to use limited models with controllable risk). In these situations, the Group calculates and applies valuation adjustments in accordance with common industry practice. The main sources of model risk are described below: • In the fixed income markets, the sources of model risk include bond index correlations, basis spread modelling, the risk of calibrating model parameters and the treatment of near-zero or negative interest rates. Other sources of risk arise from the estimation of market data, such as volatilities or yield curves, whether used for estimation or cash flow discounting purposes. • In the stock markets, the sources of model risk include forward skew modelling, the impact of stochastic interest rates, correlation and multi-curve modelling. Other sources of risk arise from managing hedges of digital callable and barrier option payments. Also worthy of consideration as sources of risk are the estimation of market data such as dividends and correlation for quanto and composite basket options. • For specific financial instruments relating to home mortgage loans secured by financial institutions in the UK (which are regulated and partially financed by the Government) and property asset derivatives, the main input is the Halifax House Price Index (HPI). In these cases, risk assumptions include estimations of the future growth and the volatility of the HPI, the mortality rate and the implied credit spreads. • Inflation markets are exposed to model risk resulting from uncertainty around modelling the correlation structure among various Consumer Price Index (CPI) rates. Another source of risk may arise from the bid-offer spread of inflation-linked swaps. • The currency markets are exposed to model risk resulting from forward skew modelling and the impact of stochastic interest rate and correlation modelling for multi-asset instruments. Risk may also arise from market data, due to the existence of specific illiquid foreign exchange pairs. • The most important source of model risk for credit derivatives relates to the estimation of the correlation between the probabilities of default of different underlying issuers. For illiquid underlying issuers, the CDS spread may not be well defined. Financial Instruments (level 3) Set forth below are the Group’s main financial instruments measured using unobservable market data as significant inputs of the internal models (level 3): • HTC&S (Hold to collect and sale) syndicated loans classified in the fair value category with changes in other comprehensive income, where the cost of liquidity is not directly observable in the market, as well as the prepayment option in favour of the borrower. • Illiquid equity in non-trading portfolios, classified at fair value through profit or loss and at fair value through equity. • Instruments in Santander UK’s portfolio (loans, debt instruments and derivatives) linked to the House Price Index (HPI). Even if the valuation techniques used for these instruments may be the same as those used to value similar products (present value in the case of loans and debt instruments, and the Black-Scholes model for derivatives), the main factors used in the valuation of these instruments are the HPI spot rate, the growth and volatility thereof, and the mortality rates, which are not always observable in the market and, accordingly, these instruments are considered illiquid. • Callable interest rate derivatives (Bermudan-style options) where the main unobservable input is mean reversion of interest rates. • Trading derivatives on interest rates, taking as an underlying asset titling and with the amortization rate (CPR, Conditional prepayment rate) as unobservable main entry. • Derivatives from trading on inflation in Spain, where volatility is not observable in the market. • Equity volatility derivatives, specifically indices and equities, where volatility is not observable in the long term. • Derivatives on long-term interest rate and FX in some units (mainly South America)where for certain underlyings it is not possible to demonstrate observability to these terms. • Debt instruments referenced to certain illiquid interest rates, for which there is no reasonable market observability. The measurements obtained using the internal models might have been different if other methods or assumptions had been used with respect to interest rate risk, to credit risk, market risk and foreign currency risk spreads, or to their related correlations and volatilities. Nevertheless, the Bank’s directors consider that the fair value of the financial assets and liabilities recognised in the consolidated balance sheet and the gains and losses arising from these financial instruments are reasonable. The net amount recognised in profit and loss in 2021 arising from models whose significant inputs are unobservable market data (level 3) amounted to EUR 73 million profit (EUR 193 million profit in 2020 and EUR 85 million profit in 2019). The table below shows the effect, at 31 December 2021 and 2020 on the fair value of the main financial instruments classified as level 3 of a reasonable change in the assumptions used in the valuation. This effect was determined by applying the probable valuation ranges of the main unobservable inputs detailed in the following table: 2021 Portfolio/Instrument Valuation technique Main unobservable inputs Range Weighted average Impacts (EUR million) (Level 3) Unfavourable scenario Favourable scenario Financial assets held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 36.30 % (0.50) 0.43 CCS Discounted Cash Flows Interest rate (0.7)% - 0.7% 0.73 % (0.11) 0.11 CCS Forward estimation Interest rate 4bps - (4)bps (0.09) % (0.03) 0.03 Convertibility curve - inputs: NDFs Offshore Forward estimation Price 0% - 2% 0.61 % (0.65) 0.28 EQ Options EQ option pricing model Volatility 0% - 90% 61.20 % (0.24) 0.52 EQ Options Local volatility Volatility 10% - 90% 40.00 % (6.82) 6.82 FRAs Asset Swap model Interest rate 0% - 4% 1.78 % (0.91) 0.73 FX Options FX option pricing model Volatility 0% - 50% 32.14 % (0.28) 0.50 Inflation Derivatives Asset Swap model Inflation Swap Rate (50)% - 50% 50.00 % (0.56) 0.28 Inflation Derivatives Volatility option model Volatility 0% - 40% 13.29 % (0.47) 0.24 IR Futures Asset Swap model Interest rate 0% - 15% 5.91 % (1.09) 0.71 IR Options IR option pricing model Volatility 0% - 60% 36.28 % (0.20) 0.31 IRS Asset Swap model Interest rate (6)% - 12.80% 10.36 % (0.07) 0.13 IRS Discounted Cash Flows Credit spread 103.10bps - 375.6bps 71.91 % (7.21) 4.16 IRS Discounted Cash Flows Inflation Swap Rate (0.8)% - 6.5% 1.81 % (0.04) 0.01 IRS Discounted Cash Flows Swap Rate 7.7% - 8.2% (2.87) % (0.23) 0.10 IRS Forward estimation Interest rate TIIE91 (8.98)bps - TIIE91 +11.12bps n.a. (0.27) 0.17 IRS Forward estimation Prepayment rate 6% - 12% n.a. — — IRS Others Others 0.05% n.a. (1.49) — IRS Prepayment modelling Prepayment rate 2.5% - 6.2% 0.44 % (0.09) 0.05 Property derivatives Option pricing model Growth rate 0% - 5% 2.50 % (2.62) 2.62 Swaptions IR option pricing model Volatility 0% - 40% 26.67 % (0.13) 0.27 Debt securities Corporate debt Price based Market price 85% - 115% 15.00 % — — Financial assets designated at fair value through profit or loss Loans and advances to customers Loans Discounted Cash Flows Credit spreads 0.1% - 1.4% 0.66 % (0.26) 0.26 Mortgage portfolio Black Scholes model Growth rate 0%- 5% 2.50 % (1.9) 1.90 Debt securities Corporate debt Discounted Cash Flows Credit spread 0% - 20% 9.88 % (1.23) 1.20 Government debt Discounted Cash Flows Discount curve 0% - 10% 8.33 % (4.14) 20.69 Other debt securities Others Inflation Swap Rate 0% - 10% 4.74 % (5.47) 4.92 2021 Portfolio/Instrument Valuation technique Main unobservable inputs Range Weighted average Impacts (EUR million) (Level 3) Unfavourable scenario Favourable scenario Non-trading financial assets mandatorily at fair value through profit or loss Debt securities Corporate debt Discounted Cash Flows Margin of a reference portfolio (1)bp - 1bp 0.01 (0.56) 0.60 Property securities Probability weighting Growth rate 0% - 5% 2.50 % (1.19) 1.19 Equity instruments Equities Price Based Price 90% - 110% 10.00 % (123.1) 123.10 Financial assets at fair value through other comprehensive income Loans and advances to customers Loans Discounted Cash Flows Credit spread n.a. n.a. (19.84) — Loans Discounted Cash Flows Interest rate curve (0.1)% - 0.1% 0.12 % (0.07) 0.07 Loans Discounted Cash Flows Margin of a reference portfolio (1)bp - 1bp 1.00 % (13.12) 13.04 Loans Forward estimation Credit spread 77bps - 242bps n.a. — — Debt securities Government debt Discounted Cash Flows Interest rate 0.6% - 0.8% 0.09 % (0.01) 0.01 Equity instruments Equities Price Based Price 90% - 110% 10.00 % (82.13) 82.13 Financial liabilities held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 36.30 % (0.5) 0.43 Financial liabilities designated at fair value through profit or loss Loans and advances to customers Repos/Reverse repos Asset Swap Repo Model Long-term repo spread n.a n.a. (0.36) — iv. Recognition of fair value changes As a general rule, changes in the carrying amount of financial assets and liabilities are recognised in the consolidated income statement. A distinction is made between the changes resulting from the accrual of interest and similar items, (which are recognised under Interest income or Interest expense, as appropriate), and those arising for other reasons, which are recognised at their net amount under 'Gains/losses on financial assets and liabilities'. Adjustments due to changes in fair value arising from: • 'Financial assets at fair value with changes in other comprehensive income' are recorded temporarily, in the case of debt instruments in 'Other comprehensive income - Elements that can be reclassified to profit or loss - Financial assets at fair value with changes in other comprehensive income', while in the case of equity instruments are recorded in 'other comprehensive income - Elements that will not be reclassified to line item - Changes in the fair value of equity instruments valued at fair value with changes in other comprehensive income'. Exchange differences on debt instruments measured at fair value with changes in other comprehensive income are recognised under 'Exchange Differences, net' of the consolidated income statement. Exchange differences on equity instruments, in which the irrevocable option of being measured at fair value with changes in other comprehensive income has been chosen, are recognised in 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income'. • Items charged or credited to 'Items that may be reclassified to profit or loss – Financial assets at fair value through other comprehensive income' and 'Other comprehensive income – Items that may be reclassified to profit or loss – Exchange differences in equity' remain in the Group's consolidated equity until the asset giving rise to them is impaired or derecognised, at which time they are recognised in the consolidated income statement. • Unrealised gains on Financial assets classified as Non-current assets held for sale because they form part of a disposal group or a discontinued operation are recognised in 'Other comprehensive income under Items that may be reclassified to profit or loss – Non-current assets held for sale'. v. Hedging transactions The consolidated entities use financial derivatives for the following purposes: i) to facilitate these instruments to customers who request them in the management of their market and credit risks; ii) to use these derivatives in the management of the risks of the Group entities’ own positions and assets and liabilities (hedging derivatives); and iii) to obtain gains from changes in the prices of these derivatives (derivatives). Financial derivatives that do not qualify for hedge accounting are treated for accounting purposes as trading derivatives. A derivative qualifies for hedge accounting if all the following conditions are met: 1. The deriva |
Derecognition of financial assets and liabilities | Derecognition of financial assets and liabilities The accounting treatment of transfers of financial assets depends on the extent to which the risks and rewards associated with the transferred assets are transferred to third parties: 1. If the Group transfers substantially all the risks and rewards to third parties unconditional -sale of financial assets, sale of financial assets under an agreement to repurchase them at their fair value at the date of repurchase, sale of financial assets with a purchased call option or written put option that is deeply out of the money, securitisation of assets in which the transferor does not retain a subordinated debt or grant any credit enhancement to the new holders, and other similar cases-, the transferred financial asset is derecognised and any rights or obligations retained or created in the transfer are recognised simultaneously. 2. If the Group retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets under an agreement to repurchase them at a fixed price or at the sale price plus interest, a securities lending agreement in which the borrower undertakes to return the same or similar assets, and other similar cases-, the transferred financial asset is not derecognised and continues to be measured by the same criteria as those used before the transfer. However, the following items are recognised: a. An associated financial liability, which is recognised for an amount equal to the consideration received and is subsequently measured at amortised cost, unless it meets the requirements for classification under 'Financial liabilities designated at fair value through profit or loss'. b. The income from the transferred financial asset not derecognised and any expense incurred on the new financial liability, without offsetting. 3. If the Group neither transfers nor retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets with a purchased call option or written put option that is not deeply in or out of the money, securitisation of assets in which the transferor retains a subordinated debt or other type of credit enhancement for a portion of the transferred asset, and other similar cases- the following distinction is made: a. If the transferor does not retain control of the transferred financial asset, the asset is derecognised and any rights or obligations retained or created in the transfer are recognised. b. If the transferor retains control of the transferred financial asset, it continues to recognise it for an amount equal to its exposure to changes in value and recognises a financial liability associated with the transferred financial asset. The net carrying amount of the transferred asset and the associated liability is the amortised cost of the rights and obligations retained, if the transferred asset is measured at amortised cost, or the fair value of the rights and obligations retained, if the transferred asset is measured at fair value. Accordingly, financial assets are only derecognised when the rights to the cash flows they generate have expired or when substantially all the inherent risks and rewards have been transferred to third parties. Similarly, financial liabilities are only derecognised when the obligations they generate have been extinguished or when they are acquired with the intention either to cancel them or to resell them. Regarding contractual modifications of financial assets, Grupo Santander has differentiated them into two main categories in relation to the conditions under which a modification leads to a derecognition or disposal of the financial asset (and the recognition of a new financial asset) and those under which the accounting of the original financial instrument with the modified terms is maintained: • Contractual modifications for commercial or market reasons, which are generally carried out at the request of the debtor to apply current market conditions to the debt. The new contract is considered a new transaction and, consequently, it is necessary to derecognize the original financial asset and recognize a new financial asset subject to the classification and measurement requirements established by IFRS 9. Also, the new financial asset will be recorded at fair value and, if applicable, the difference between the carrying amount of the asset derecognized and the fair value of the new asset will be recognized in profit or loss. • Modifications due to refinancing or restructuring, in which the payment conditions are modified to allow a customer that is experiencing financial difficulties (current or foreseeable) to meet its payment obligations and that, if such modification had not been made, it would be reasonably certain that it would not be able to meet such payment obligations. In this case, the modification does not result in the derecognition of the financial asset, but rather the original financial asset is maintained and does not require a new assessment of its classification and measurement. When assessing credit impairment, the current credit risk (considering the modified cash flows) should be compared with the credit risk at initial recognition. Finally, the gross carrying amount of the financial asset (the present value of the renegotiated or modified contractual cash flows that are discounted at the original effective interest rate of the financial asset) should be recalculated, with a gain or loss recognized in profit or loss for the difference. |
Offsetting of financial instruments | Offsetting of financial instrumentsFinancial asset and liability balances are offset, i.e. reported in the consolidated balance sheet at their net amount, only if the Group entities currently have a legally enforceable right to set off the recognised amounts and intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously. |
Impairment of financial assets | Impairment of financial assets i. Definition Grupo Santander associates an impairment in the value to financial assets measured at amortised cost, debt instruments measured at fair value with changes in other comprehensive income, lease receivables and commitments and guarantees granted that are not measured at fair value. The impairment for expected credit losses is recorded with a charge to the consolidated income statement for the period in which the impairment arises. In the event of occurrence, the recoveries of previously recognised impairment losses are recorded in the consolidated income statement for the period in which the impairment no longer exists or is reduced. In the case of purchased or originated credit-impaired assets, the Group only recognizes at the reporting date the changes in the expected credit losses during the life of the asset since the initial recognition as a credit loss. In the case of assets measured at fair value with changes in other comprehensive income, the changes in the fair value due to expected credit losses are charged in the consolidated income statement of the year where the change happened, reflecting the rest of the valuation in other comprehensive income. As a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets, this difference is discounted using the effective interest rate adjusted by credit rating. Depending on the classification of financial instruments, which is mentioned in the following sections, the expected credit losses may be along 12 months or during the life of the financial instrument: • 12-month expected credit losses: arising from the potential default events, as defined in the following sections that are estimated to be likely to occur within the 12 months following the reporting date. These losses will be associated with financial assets classified as 'normal risk' as defined in the following sections. • Expected credit losses over the life of the financial instrument: arising from the potential default events that are estimated to be likely to occur throughout the life of the financial instruments. These losses are associated with financial assets classified as 'normal risk under watchlist' or 'doubtful risk'. With the purpose of estimating the expected life of the financial instrument all the contractual terms have been taken into account (e.g. prepayments, duration, purchase options, etc.), being the contractual period (including extension options) the maximum period considered to measure the expected credit losses. In the case of financial instruments with an uncertain maturity period and a component of undrawn commitment (e.g.: credit cards), the expected life is estimated through quantitative analyses to determine the period during which the entity is exposed to credit risk, also considering the effectiveness of management procedures that mitigate such exposure (e.g. the ability to unilaterally cancel such financial instruments, etc.). The following constitute effective guarantees: a) Mortgage guarantees on housing as long as they are first duly constituted and registered in favour of the entity. The properties include: i. Buildings and building elements, distinguishing among: • Houses. • Offices, stores and multi-purpose premises. • Rest of buildings such as non-multi-purpose premises and hotels. ii. Urban and developable ordered land. iii. Rest of properties that classify as: buildings and building elements under construction, such as property development in progress and halted development, and the rest of land types, such as rustic lands. b) Collateral guarantees on financial instruments in the form of cash deposits and debt securities issued by creditworthy issuers. c) Other types of real guarantees, including properties received in guarantee and second and subsequent mortgages on properties, as long as the entity demonstrates its effectiveness. When assessing the effectiveness of the second and subsequent mortgages on properties the entity will implement particularly restrictive criteria. It will take into account, among others, whether the previous charges are in favour of the entity itself or not and the relationship between the risk guaranteed by them and the property value. d) Personal guarantees, as well as the incorporation of new owners, covering the entire amount of the financial instruments and implying direct and joint liability to the entity of persons or other entities whose solvency is sufficiently proven to ensure the repayment of the loan on the agreed terms. The different aspects that the Group considers for the evaluation of effective guarantees are set out below in relation to the individual analysis. ii. Financial instruments presentation For the purposes of estimating the impairment amount, and in accordance with its internal policies, the Group classifies its financial instruments (financial assets, commitments and guarantees) measured at amortised cost or fair value through other comprehensive income in one of the following categories: • Normal Risk ('stage 1'): includes all instruments that do not meet the requirements to be classified in the rest of the categories. • Normal risk under watchlist ('stage 2'): includes all instruments that, without meeting the criteria for classification as doubtful or default risk, have experienced significant increases in credit risk since initial recognition. In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in stage 2, the Group considers the following criteria: Quantitative criteria Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition. With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units. Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in note 53, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio. Qualitative criteria In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.). In the case of forbearances, instruments classified as 'normal risk under watchlist' may be generally reclassified to 'normal risk' in the following circumstances: at least two years have elapsed from the date of reclassification to that category or from its forbearance date, the client has paid the accrued principal and interest balance, and the client has no other instruments with more than 30 days past due balances. • Doubtful Risk ('stage 3'): includes financial instruments, overdue or not, in which, without meeting the circumstances to classify them in the category of default risk, there are reasonable doubts about their total repayment (principal and interests) by the client in the terms contractually agreed. Likewise, off-balance-sheet exposures whose payment is probable and their recovery doubtful are considered in stage 3. Within this category, two situations are differentiated: – Doubtful risk for non-performing loans: financial instruments, irrespective of the client and guarantee, with balances more than 90 days past due for principal, interest or expenses contractually agreed. This category also includes all loan balances for a client which overdue amount more than 90 days past due is greater than 20% of the loan receivable balance. These instruments may be reclassified to other categories if, as a result of the collection of part of the past due balances, the reasons for their classification in this category do not remain and the client does not have balances more than 90 days past due in other loans. – Doubtful risk for reasons other than non-performing loans: this category includes doubtful recovery financial instruments that are not more than 90 days past due. Grupo Santander considers that a financial instrument to be doubtful for reasons other than delinquency when one or more combined events have occurred with a negative impact on the estimated future cash flows of the financial instrument. To this end, the following indicators, among others, are considered: a) Negative net equity or decrease because of losses of the client's net equity by at least 50% during the last financial year. b) Continued losses or significant decrease in revenue or, in general, in the client's recurring cash flows. c) Generalised delay in payments or insufficient cash flows to service debts. d) Significantly inadequate economic or financial structure or inability to obtain additional financing by the client. e) Existence of an internal or external credit rating showing that the client is in default. f) Existence of overdue customer commitments with a significant amount to public institutions or employees. These financial instruments may be reclassified to other categories if, as a result of an individualised study, reasonable doubts do not remain about the total repayment under the contractually agreed terms and the client does not have balances with more than 90 days past due. In the case of forbearances, instruments classified as doubtful risk may be reclassified to the category of 'normal risk under watchlist' when the following circumstances are present: a minimum period of one year has elapsed from the forbearance date, the client has paid the accrued principal and interest amounts, and the client has no other loan balance with more than 90 days past due. • Default Risk: includes all financial assets, or part of them, for which, after an individualised analysis, their recovery is considered remote due to a notorious and irrecoverable deterioration of their solvency. In any event, except in the case of financial instruments with effective collateral covering a substantial portion of the transaction amount, the Group generally consider as remote the following: - Those operations that, after an individualized analysis, are categorized as unsustainable debt, assuming an irrecoverability of such debt. - Transactions classified as doubtful due to non-performing loans with recovery costs that exceed the amounts receivable. - The operations on which the award is executed. The queue of these operations shall be included under default risk, as the recovery of the flows, provided that no further guarantees associated with the operation remain after the award of the property. - Those operations on which a deduction is made, the portion of the operation corresponding to that deduction, will be given as a balance at the time of signature. A financial asset amount is maintained in the balance sheet until they are considered as a "default risk", either all or a part of it, and the write-off is registered against the balance sheet. In the case of operations that have only been partially derecognised, for forgiveness reasons or because part of the total balance is considered unrecoverable, the remaining amount shall be fully classified in the category of 'doubtful risk', except where duly justified. The classification of a financial asset, or part of it, as a 'default risk' does not involve the disruption of negotiations and legal proceedings to recover the amount. iii. Impairment valuation assessment Grupo Santander has policies, methods and procedures in place to hedge its credit risk, both due to the insolvency attributable to counterparties and its residence in a specific country. These policies, methods and procedures are applied in the concession, study and documentation of financial assets, commitments and guarantees, as well as in the identification of their impairment and in the calculation of the amounts needed to cover their credit risk. The asset impairment model in IFRS 9 applies to financial assets measured at amortised cost, debt instruments at fair value with changes in other comprehensive income, lease receivables and commitments and guarantees granted that are not measured at fair value. The impairment represents the best estimation of the financial assets expected credit losses at the balance sheet date, assessed both individually and collectively. • Individually: for the purposes of estimating the provisions for credit risk arising from the insolvency of a financial instrument, the Group individually assesses impairment by estimating the expected credit losses on those financial instruments that are considered to be significant and with sufficient information to make such an estimate. Therefore, this classification mostly includes wholesale banking customers —Corporations, specialised financing— as well as some of the largest companies —Chartered and real estate developers— from retail banking. The determination of the perimeter in which the individualised estimate is applied is detailed in a later section. The individually assessed impairment estimate is equal to the difference between the gross carrying amount of the financial instrument and the estimated value of the expected cash flows receivable discounted using the original effective interest rate of the transaction. The estimate of these cash flows takes into account all available information on the financial asset and the effective guarantees associated with that asset. This estimation process is detailed below. • Collectively: the Group also assesses impairment by estimating the expected credit losses collectively in cases where they are not assessed on an individual basis. This includes, for example, loans with individuals, sole proprietors or businesses in retail banking subject to a standardised risk management. For the purposes of the collective assessment of expected credit losses, the Group has consistent and reliable internal models. For the development of these models, instruments with similar credit risk characteristics that are indicative of the debtors' capacity to pay are considered. The credit risk characteristics used to group the instruments are, among others: type of instrument, debtor's sector of activity, geographical area of activity, type of guarantee, aging of past due balances and any other factor relevant to estimating the future cash flows. Grupo Santander performs retrospective and monitoring tests to evaluate the reasonableness of the collective estimate. On the other hand, the methodology required to estimate the expected credit loss due to credit events is based on an unbiased and weighted consideration by the probability of occurrence of a series of scenarios, considering a range of three to five possible future scenarios, depending on the characteristics of each unit, which could have an impact on the collection of contractual cash flows, always taking into account the time value of money, as well as all available and relevant information on past events, current conditions and forecasts of the evolution of macroeconomic scenarios that are shown to be relevant for the estimation of this amount (for example: GDP (Gross Domestic Product), housing price, unemployment rate, etc.). The estimation of expected losses requires expert judgment and the support of historical, current and future information. The probability of loss is measured considering past events, the present situation and future trends of macroeconomic scenarios. Grupo Santander uses forward-looking information in both internal risk management and prudential regulation processes, so that for the calculation of the impairment loss allowance, various scenarios are incorporated that take advantage of the experience with such information, thus ensuring consistency in obtaining the expected loss. The challenge of the exercise has focused on the uncertainty of the economic outlook caused by the covid-19 crisis, coupled with a complex environment for value creation. Grupo Santander has internally ensured the criteria to be followed for guarantees received from government bodies, both through credit lines and other public guarantees, so that when they are adequately reflected in each of the contracts, they are recognised as mitigating factors of the potential expected losses, and therefore of the provisions to be recognised, based on the provisions of the applicable standard (IFRS 9 Par. B5.5.55). Furthermore, where applicable, these guarantees are appropriately reflected in the mitigation of the significant increase in risk, considering their nature as personal guarantees. For the estimation of the parameters used in the estimation of impairment provisions -EAD (exposure at default), PD (probability of default), LGD (loss given default)-, the Group based its experience in developing internal models for the estimation of parameters both in the regulatory area and for management purposes, adapting the development of the impairment provision models under IFRS 9. • Exposure at default: is the amount of estimated risk incurred at the time of the counterparty's analysis. • Probability of default: is the estimated probability that the counterparty will default on its principal and/or interest payment obligations. • Loss given default: is the estimate of the severity of the loss incurred in the event of non-compliance. It depends mainly on the updating of the guarantees associated with the operation and the future cash flows that are expected to be recovered. In any case, when estimating the flows expected to be recovered, portfolio sales are included. It should be noted that due to the Group's recovery policy and the experience observed in relation to the prices of past sales of assets classified as stage 3 and/or default risk, there is no substantial divergence between the flows obtained from recoveries after performing recovery management of the assets with those obtained from the sale of portfolios of assets discounting structural expenses and other costs incurred. The definition of default implemented by the Group for the purpose of calculating the impairment provision models is based on the definition in Article 178 of Regulation 575/2013 of the European Union (CRR), which is fully aligned with the requirements of IFRS 9, which considers that a 'default' exists in relation to a specific customer/contract when at least one of the following circumstances exists: the entity considers that there are reasonable doubts about the payment of all its credit obligations or that the customer/contract is in an irregular situation for more than 90 days with respect to any significant credit obligation. Grupo Santander will partially and voluntarily align during 2022 the accounting definition of Stage 3, as well as for the calculation of impairment provision models, to the New Definition of Default, incorporating the criteria defined by the EBA in its implementation guide of the definition of default, capturing the economic deterioration of the operations (days in default - on a daily basis - and materiality thresholds - minimum amount in arrears). The alignment of criteria will be done taking into account the criteria of IFRS 9 as well as the accounting principles of unbiased presentation of financial information. The expected increase in the default rate is estimated at around 24 basis points, with no material impact on the provision figures for credit risk. In addition, the Group considers the risk generated in all cross-border transactions due to circumstances other than the usual commercial risk of insolvency (sovereign risk, transfer risk or risks arising from international financial activity, such as wars, natural catastrophes, balance of payments crisis, etc.). IFRS 9 includes a series of practical solutions that can be implemented by entities, with the aim of facilitating its implementation. However, in order to achieve a complete and high-level implementation of the standard, and following the best practices of the industry, the Group does not apply these practical solutions in a generalised manner: – Rebuttable presumption that the credit risk has increased significantly, when payments are more than 30 days past due: this threshold is used as an additional, but not primary, indicator of significant risk increase. Additionally, there may be cases in the Group where its use has been rebutted as a result of studies that show a low correlation of the significant risk increase with this past due threshold. The volume rebutted does not exceed 0.1% of the Group's total exposure. – Assets with low credit risk at the reporting date: the Group assesses the existence of significant risk increase in all its financial instruments. This information is provided in more detail in note 53 b. iv. Detail of individual estimate of impairment For the individual estimate of the assessment for impairment of the financial asset, the Group has a specific methodology to estimate the value of the cash flows expected to be collected: • Recovery through the debtor's ordinary activities (going approach). • Recovery through the execution and sale of the collateral guaranteeing the operations (gone approach). Gone approach: a. Evaluation of the effectiveness of guarantees Grupo Santander assesses the effectiveness of all the guarantees associated considering the following: • The time required to execute these guarantees. • Grupo Santander's ability to enforce or assert these guarantees in its favour. • The existence of limitations imposed by each local unit´s regulation on the foreclosure of collateral. Under no circumstances the Group considers that a guarantee is effective if its effectiveness depends substantially on the solvency of the debtor, as could be the case: • Promises of shares or other securities of the debtor himself when their valuation may be significantly affected by a debtor's default. • Personal cross-collateralisation: when the guarantor of a transaction is, at the same time, guaranteed by the holder of that transaction. On the basis of the foregoing, the following types of guarantees are considered to be effective: • Mortgage guarantees on properties, which are first charge, duly constituted and registered. Real estate includes: – Buildings and finished building elements. – Urban and developable land in order. – Other real estate, including buildings under construction, developments in progress or at a standstill, and other land, such as rural properties. • Pledges on financial instruments such as cash deposits, debt securities of reputable issuers or equity instruments. • Other types of security interests, including movable property received as security and second and subsequent mortgages on real state , provided that they are proven to be effective under particularly restrictive criteria. • Personal guarantees, including new holders, covering the entire amount and involving direct and joint liability to the entity, from persons or entities whose equity solvency ensures repayment of the transaction under the agreed terms. b. Valuation of guarantees Grupo Santander assesses the guarantees on the basis of their nature in accordance with the following: • Mortgage guarantees on properties associated with financial instruments, using a complete individual valuations carried out by independent valuation experts and under generally accepted valuation standards. If this is not possible, alternative valuations are used with duly documented and approved internal valuation models. • Personal guarantees are valued individually on the basis of the guarantor´s updated information. • The rest of the guarantees are valued based on current market values. c. Adjustments to the value of guarantees and estimation of future cash flow inflows and outflows Grupo Santander applies a series of adjustments to the value of the guarantees in order to improve the reference values: • Adjustments based on the historical sales experience of local units for certain types of assets. • Individual expert adjustments based on additional management information. Likewise, to adjust the value of the guarantees, the time value of money is taken into account based on the historical experience of each of the units, estimating: • Period of adjudication. • Estimated time of sale of the asset. In addition, the Group takes into account all those cash inflows and outflows linked to that guarantee until it is sold: • Possible future income commitments in favour of the borrower which will available after the asset is awarded. • Estimated foreclosure costs. • Asset maintenance costs, taxes and community costs. • Estimated marketing or sales costs. Finally, since it is considered that the guarantee will be sold in the future, the Group applies an additional adjustment ('index forward') in order to adjust the value of the guarantees to future valuation expectations. v. Impairment individual assessment scope Grupo Santander determines the perimeter over which it makes an estimate of the assessment for impairment on an individual basis based on a relevance threshold set by each of the geographical areas and the stage in which the operations are located. In general, the Group applies the individualised calculation of expected losses to the significant exposures classified in stage 3, although Banco Santander, S.A. has also extended its analyses to some of the exposures classified in stage 2. It should be noted that, in any case and irrespective of the stage in which their transactions are carried out, for customers who do not receive standardised treatment, a relational risk management model is applied, with individualised treatment and monitoring by the assigned risk analyst. In addition to wholesale customers (Santander Corporate & Investment Banking or SCIB) and large companies, this relational management model also includes other segments of smaller companies for which there is information and capacity for more personalised and expert analysis and monitoring. As indicated in the Group's wholesale credit model, the individual treatment of the client facilitates the continuous updating of information. The risk assumed must be followed and monitored throughout its life cycle, enabling anticipation and action to be taken in the event of possible impairments. In this way, the customer's credit quality is analysed individually, taking into account specific aspects such as his competitive position, financial performance, management, etc. In the wholesale risk management model, every customer with a credit risk position is assigned a rating, which has an associated probability of customer default. Thus, individual analysis of the debtor triggers a specific rating for each customer, which determines the appropriate parameters for calculating the expected loss, so that it is the rating itself that initially modulates the necessary coverage, adjusting the severity of the possible loss to the guarantees and other mitigating factors that the customer may have available. In addition, if as a result of this individualised monitoring of the customer, the analyst finally considers that his coverage is not sufficient, he has the necessary mechanisms to adjust it under his expert judgement, always under the appropriate governance. |
Repurchase agreements and reverse repurchase agreements | Repurchase agreements and reverse repurchase agreements Purchases (sales) of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing granted (received), based on the nature of the debtor (creditor), under 'Loans and advances with central banks', 'Loans and advances to credit institutions' or 'Loans and advances to customers' (Deposits from central banks, Deposits from credit institutions or Customer deposits). Differences between the purchase and sale prices are recognised as interest over the contract term. |
Non-current assets and liabilities associated with non-current assets held for sale | 'Non-current assets' and 'liabilities associated with non-current assets held for sale' 'Non-current assets held for sale' includes the carrying amount of individual items, disposal groups or items forming part of a business unit earmarked for disposal (discontinued operations), whose sale in their present condition is highly likely to be completed within one year from the reporting date. Therefore, the recovery of the carrying amount of these items -which can be of a financial nature or otherwise- will foreseeably be effected through the proceeds from their disposal. Specifically, property or other non-current assets received by the consolidated entities as total or partial settlement of their debtors’ payment obligations to them are deemed to be 'Non-current assets held for sale', unless the consolidated entities have decided to make continuing use of these assets. In this connection, for the purpose of its consideration in the initial recognition of these assets, the Group obtains, at the foreclosure date, the fair value of the related asset through a request for appraisal by external appraisal agencies. Grupo Santander has in place a corporate policy that ensures the professional competence and the independence and objectivity of the external appraisal agencies, in accordance with the regulations, which require appraisal agencies to meet independence, neutrality and credibility requirements, so that the use of their estimates does not reduce the reliability of its valuations. This policy establishes that all the appraisal companies and agencies with which the Group works in Spain should be registered in the Official Register of the Bank of Spain and that the appraisals performed by them should follow the methodology established in Ministry of Economy Order ECO/805/2003, of 27 March. The main appraisal companies and agencies with which the Group worked in Spain in 2021 are as follows: Gloval Valuation, S.A.U., Tinsa Tasaciones Inmobiliarias, S.A.U., Gesvalt Sociedad de Tasacion, S.A. and Sociedad de tasacion, S.A. Also, this policy establishes that the various subsidiaries abroad work with appraisal companies that have recent experience in the area and the type of asset under appraisal and meet the independence requirements established in the corporate policy. They should verify, inter alia, that the appraisal company is not a party related to the Group and that its billings to the Group in the last twelve months do not exceed 15% of the appraisal company’s total billings. 'Liabilities associated with non-current assets held for sale' includes the balances payable arising from the assets held for sale or disposal groups and from discontinued operations. 'Non-current assets and disposal groups of items that have been classified as held for sale' are generally recognised at the date of their allocation to this category and are subsequently valued at the lower of their fair value less costs to sell or its book value. 'Non-current assets and disposal groups of items that are classified as held for sale' are not amortised as long as they remain in this category. 1.The assets in a situation of 'stopped development' are included under 'land' At 31 December 2021 the fair value less costs to sell of non-current assets held for sale exceeded their carrying amount by EUR 567 million (EUR 560 million at 31 December 2020); however, in accordance with the accounting standards, this unrealised gain could not be recognised. The valuation of the portfolio of non-current assets held for sale has been made in compliance with the requirements of International Financial Reporting Standards in relation to the estimate of the fair value of tangible assets and the value-in-use of financial assets. The value of the portfolio is determined as the sum of the values of the individual elements that compose the portfolio, without considering any total or batch grouping in order to correct the individual values. Banco Santander, in compliance with Bank of Spain Circular 4/2017, and subsequent amendments, on public and private financial reporting standards and financial statement models, has developed a methodology that enables it to estimate the fair value and costs of sale of assets foreclosed or received in payment of debts. This methodology is based on the classification of the portfolio of foreclosed assets into different segments. Segmentation enables the intrinsic characteristics of Banco Santander's portfolio of foreclosed assets to be differentiated, so that assets with homogeneous characteristics are grouped by segment. Thus, the portfolio is segmented into (i) finished assets of a residential and tertiary nature, (ii) developments in progress and (iii) land 1. In determining the critical segments in the overall portfolio, assets are classified on the basis of the nature of the asset and its stage of development. This segmentation is made in order to seek the liquidation of the asset (which should be carried out in the shortest possible time). When making decisions, the situation and/or characteristics of the asset are fundamentally taken into account, as well as the evaluation of all the determining factors that favour the recovery of the debt. For them, the following aspects are analyzed, among others: • The time that has elapsed since the adjudication. • The transferability and contingencies of the foreclosed asset. • The economic viability from the real estate point of view with the necessary investment estimate. • The expenses that may arise from the marketing process. • The offers received, as well as the difficulties in finding buyers. In the case of real estate assets foreclosed in Spain, which represent 91% of the Group’s total non-current assets held for sale, the valuation of the portfolio is carried out by applying the following models: • Market Value Model used in the valuation of finished properties of a residential nature (mainly homes and car parks) and properties of a tertiary nature (offices, commercial premises and multipurpose buildings). For the valuation of finished assets whose availability for sale is immediate, a market sale value provided by a third party external to Banco Santander is considered, calculated under the AVM methodology by the comparable properties method adjusted by our experience in selling similar assets, given the term, price, volume, trend in the value of these assets and the time elapsing until their sale and discounting the estimated costs of sale. The market value is determined on the basis of the definition established by the International Valuation Standards drawn up by the IVSC (International Valuation Standards Council), understood as the estimated amount for which an asset or a liability should be exchanged on the measurement date between a willing buyer and a willing seller, in an arm's length transaction, after appropriate marketing, and in which the parties have acted with sufficient information, prudently and without coercion. The current market value of the properties is estimated on the basis of automated valuations obtained by taking comparable properties as a reference; simulating the procedure carried out by an appraiser in a physical valuation according to Order ECO 805/2003: selection of properties and obtaining the unit value by applying homogenisation adjustments. The selection of the properties is carried out by location within the same real estate cluster and according to the characteristics of the properties, filtering by type 2 , surface area range and age. The model enables a distinction to be made within the municipality under study as to which areas are similar and comparable and therefore have a similar value in the property market, discriminating between which properties are good comparators and which are not. Adjustments to homogenize the properties are made according to: (i) the age of the property according to the age of the property to be valued, (ii) the deviation of the built area from the common area with respect to the property to be valued and (iii) by age of the date of capture of the property according to the price evolution index of the real estate market. In addition, for individually significant assets, complete individual valuations are carried out, including a visit to the asset, market analysis (data relating to supply, demand, current sale or rental price ranges and supply-demand and revaluation expectations) and an estimate of expected income and costs. 2. Assets qualified as protected housing are taken into account. The maximum legal value of these assets is determined by the VPO module, obtained from the result of multiplying the State Basic Module (MBE) by a zone coefficient determined by each autonomous community. To carry out the valuation of a protected property, the useful surface area is used in accordance with current regulations. For this segmentation of assets, when they are completed, the real costs are known and the actual expenses for the marketing and sale of the asset must be taken into account. Therefore, Banco Santander uses the actual costs in its calculation engine or, failing that, those estimated on the basis of its observed experience. • Market Value Model according to Evolution of Market Values used to update the valuation of developments in progress. The valuation model estimates the current market value of the properties based on complete individual valuations by third parties, calculated from the values of the feasibility studies and development costs of the promotion, as well as the selling costs, distinguishing by location, size and type of property. The inputs used in the valuation model for residential assets under construction are actual revenues and costs. For this purpose, in order to calculate the investment flows, Banco Santander considers, on the basis of the feasibility studies, the expenditure required for construction, the professional fees relating to the project and to project management, the premiums for mandatory building insurance, the developer's administrative expenses, licenses, taxes on new construction and fees, and urban development charges. With respect to the calculation of income flows, Banco Santander takes into account the square metres built, the number of homes under construction and the estimated selling price over 1.5 years. The market value will be the result of the difference between the income flows and the investment flows estimated at each moment. • Land Valuation model. The methodology followed by the Group regarding land valuation consists of updating the individual reference valuation of each of the land on an annual basis, through updated valuation valuations carried out by independent professionals and following the methodology established in the OM (Ministerial Order) ECO/805/2003, of 27 March, whose main verifications in the case of land valuation, regardless of the degree of urbanisation of the land, correspond to: – Visual verification of the assessed property. – Registry description. – Urban planning. – Visible easements. – Visible state of occupation, possession, use and exploitation. – Protection regime. – Apparent state of preservation. – Correspondence with cadastral property. – Existence of expropriation procedure, expropriation plan or project, administrative resolution or file that may lead to expropriation. – Expiry of the urbanization or building deadlines. – Existence of a procedure for failure to comply with obligations. – Verification of surfaces. For the purposes of valuation, the land will be classified in the following levels: – Level I: It will include all the lands that do not belong to level II. – Level II: It shall include land classified as undeveloped where building is not allowed for uses other than agriculture, forestry, livestock or linked to an economic exploitation permitted by the regulations in force. Also included are lands classified as developable that are not included in a development area of urban planning or that, in such an area, the conditions for its development have not been defined. In those cases where the Group does not have an updated reference value through an ECO valuation for the current year, we use as a reference value the latest available ECO valuation reduced or corrected by the average annual coverage ratio of the land on which we have obtained an updated reference value, through an ECO valuation. Grupo Santander applies a discount to the aforementioned reference values that takes into account both the discount on the reference value in the sales process and the estimated costs of marketing or selling the land: Discount on reference value = % discount on sales + % marketing costs being: – % discount on Sales: = 100 - (sales price / updated appraisal value). – marketing costs: calculated on the basis of our historical experience in sales and in accordance with the marketing management fees negotiated with our suppliers of this type of service. In this way the Group obtains the corrected market value, an amount that we compare with the net cost of each piece of land to determine its correct valuation and conclude with our valuation process. In addition, in relation to the previously mentioned valuations, less costs to sell, are contrasted with the sales experience of each type of asset in order to confirm that there is no significant difference between the sale price and the valuation. Impairment losses on an asset or disposal group arising from a reduction in its carrying amount to its fair value (less costs to sell) are recognised under 'Gains or (losses) on non-current assets held for sale not classified as discontinued operations' in the consolidated income statement. The gains on a non-current asset held for sale resulting from subsequent increases in fair value (less costs to sell) increase its carrying amount and are recognised in the consolidated income statement up to an amount equal to the impairment losses previously recognised. |
Assets under insurance or reinsurance contracts and liabilities under insurance or reinsurance contracts | Assets under insurance or reinsurance contracts and Liabilities under insurance or reinsurance contracts Insurance contracts involve the transfer of a certain quantifiable risk in exchange for a periodic or one-off premium. The effects on the Group’s cash flows will arise from a deviation in the payments forecast and/or an insufficiency in the premium set. The Group controls its insurance risk as follows: • By applying a strict methodology in the launch of products and in the assignment of value thereto. • By using deterministic and stochastic actuarial models for measuring commitments. • By using reinsurance as a risk mitigation technique as part of the credit quality guidelines in line with the Group’s general risk policy. • By establishing an operating framework for credit risks. • By actively managing asset and liability matching. • By applying security measures in processes. Reinsurance assets includes the amounts that the consolidated entities are entitled to receive for reinsurance contracts with third parties and, specifically, the reinsurer’s share of the technical provisions recorded by the consolidated insurance entities. At least once a year these assets are reviewed to ascertain whether they are impaired (i.e. there is objective evidence, as a result of an event that occurred after initial recognition of the reinsurance asset, that Grupo Santander may not receive all amounts due to it under the terms of the contract and the amount that will not be received can be reliably measured), and any impairment loss is recognised in the consolidated income statement and the assets are written down. 'Liabilities under insurance contracts' includes the technical provisions recorded by the consolidated entities to cover claims arising from insurance contracts in force at year-end. Insurers’ results relating to their insurance business are recognised, according to their nature, under the related consolidated income statement items. In accordance with standard accounting practice in the insurance industry, the consolidated insurance entities credit to the income statement the amounts of the premiums written and charge to income the cost of the claims incurred on final settlement thereof. Insurance entities are therefore required to accrue at period-end the unearned revenues credited to their income statements and the accrued costs not charged to income. At least at each reporting date the Group assesses whether the insurance contract liabilities recognised in the consolidated balance sheet are adequate. For this purpose, it calculates the difference between the following amounts: • Current estimates of future cash flows under the insurance contracts of the consolidated entities. These estimates include all contractual cash flows and any related cash flows, such as claims handling costs. • The carrying amount recognised in the consolidated balance sheet of its insurance contract liabilities (see note 15), less any related deferred acquisition costs or related intangible assets, such as the amount paid to acquire, in the event of purchase by the entity, the economic rights held by a broker deriving from policies in the entity’s portfolio. If the calculation results in a positive amount, this deficiency is charged to the consolidated income statement. When unrealised gains or losses on assets of the Group’s insurance companies affect the measurement of liabilities under insurance contracts and/or the related deferred acquisition costs and/or the related intangible assets, these gains or losses are recognised directly in equity. The corresponding adjustment in the liabilities under insurance contracts (or in the deferred acquisition costs or in intangible assets) is also recognised in equity. The most significant items forming part of the technical provisions (see note 15) are detailed below: • Non-life insurance provisions: i) Provision for unearned premiums: relates to the portion of the premiums received at year-end that is allocable to the period from the reporting date to the end of the policy cover period. ii) Provisions for unexpired risks: this supplements the provision for unearned premiums to the extent that the amount of the latter is not sufficient to reflect all the assessed risks and expenses to be covered by the insurance companies in the policy period not elapsed at the reporting date. • Life insurance provisions: represent the value of the net obligations acquired vis-à-vis life insurance policyholders. These provisions include: i) Provision for unearned premiums and unexpired risks: this relates to the portion of the premiums received at year-end that is allocable to the period from the reporting date to the end of the policy cover period. ii) Mathematical provisions: these relate to the value of the insurance companies’ obligations, net of the policyholders’ obligations. These provisions are calculated on a policy-by-policy basis using an individual capitalisation system, taking as a basis for the calculation the premium accrued in the year, and in accordance with the technical bases of each type of insurance updated, where appropriate, by the local mortality tables. • Provision for claims outstanding: this reflects the total obligations outstanding arising from claims incurred prior to the reporting date. This provision is calculated as the difference between the total estimated or certain cost of the claims not yet reported, settled or paid and all the amounts already paid in relation to such claims. • Provision for bonuses and rebates: this provision includes the amount of the bonuses accruing to policyholders, insureds or beneficiaries and that of any premiums to be returned to policyholders or insureds, to the extent that such amounts have not been assigned at the reporting date. These amounts are calculated on the basis of the conditions of the related individual policies. • Technical provisions for life insurance policies where the investment risk is borne by the policyholders: these provisions are calculated on the basis of the indices established as a reference to determine the economic value of the policyholders’ rights. |
Tangible assets | Tangible assets Tangible assets includes the amount of buildings, land, furniture, vehicles, computer hardware and other fixtures owned by the consolidated entities or acquired under finance leases. Tangible assets are classified by use as follows: i. Property, plant and equipment for own use Property, plant and equipment for own use – including tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing receivables from third parties which are intended to be held for continuing use and tangible assets acquired under finance leases– are presented at acquisition cost, less the related accumulated depreciation and any estimated impairment losses (carrying amount higher than recoverable amount). Depreciation is calculated, using the straight-line method, on the basis of the acquisition cost of the assets less their residual value. The land on which the buildings and other structures stand has an indefinite life and, therefore, is not depreciated. The period tangible asset depreciation charge is recognised in the consolidated income statement and is calculated using the following depreciation rates (based on the average years of estimated useful life of the various assets): Average Buildings for own use 2.7 % Furniture 8.5 % Fixtures 8.5 % Office and IT equipment 23.8 % Lease use rights Less than the lease At the end of each reporting period, consolidated entities assess whether there is any indication that the carrying amount of an asset exceeds its recoverable amount, in which case they write down the carrying amount of the asset to its recoverable amount and adjust future depreciation charges in proportion to its adjusted carrying amount and to its new remaining useful life, if the useful life needs to be re-estimated. Similarly, if there is an indication of a recovery in the value of a tangible asset, the consolidated entities recognise the reversal of the impairment loss recognised in prior periods and adjust the future depreciation charges accordingly. In no circumstances may the reversal of an impairment loss on an asset raise its carrying amount above that which it would have if no impairment losses had been recognised in prior years. The estimated useful lives of the items of property, plant and equipment for own use are reviewed at least at the end of the reporting period with a view to detecting significant changes therein. If changes are detected, the useful lives of the assets are adjusted by correcting the depreciation charge to be recognised in the consolidated income statement in future years on the basis of the new useful lives. Upkeep and maintenance expenses relating to property, plant and equipment for own use are recognised as an expense in the period in which they are incurred, since they do not increase the useful lives of the assets. ii. Investment property 'Investment property' reflects the net values of the land, buildings and other structures held either to earn rentals or for obtaining profits by sales due to future increase in market prices. The criteria used to recognise the acquisition cost of investment property, to calculate its depreciation and its estimated useful life and to recognise any impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use. In order to evaluate the possible impairment Grupo Santander determines periodically the fair value of its investment property so that, at the end of the reporting period, the fair value reflects the market conditions of the investment property at that date. This fair value is determined annually, taking as benchmarks the valuations performed by independent experts. The methodology used to determine the fair value of investment property is selected based on the status of the asset in question; thus, for properties earmarked for lease, the valuations are performed using the sales comparison approach, whereas for leased properties the valuations are made primarily using the income capitalisation approach and, exceptionally, the sales comparison approach. In the sales comparison approach, the property market segment for comparable properties is analysed, inter alia, and, based on specific information on actual transactions and firm offers, current prices are obtained for cash sales of those properties. The valuations performed using this approach are considered as level 2 valuations. In the income capitalisation approach, the cash flows estimated to be obtained over the useful life of the property are discounted taking into account factors that may influence the amount and actual obtainment thereof, such as: (i) the payments that are normally received on comparable properties; (ii) current and probable future occupancy; (iii) the current or foreseeable default rate on payments. The valuations performed using this approach are considered as Level 3 valuations, since significant unobservable inputs are used, such as current and probable future occupancy and/or the current or foreseeable default rate on payments. iii. Assets leased out under an operating lease 'Property, plant and equipment' - Leased out under an operating lease reflects the amount of the tangible assets, other than land and buildings, leased out by the Group under an operating lease. The criteria used to recognise the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives and to recognise the impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use. |
Accounting for leases | Accounting for leases On 1 January 2019, Grupo Santander changed the accounting policy for leases when acting as a lessee (see note 1.d). The main aspects contained in the regulation (IFRS 16) adopted by the Group are included below: When the Group acts as lessee, it recognises a right-of-use asset representing its right to use the underlying leased asset with a corresponding lease liability on the date on which the leased asset is available for use by the Group. Each lease payment is allocated between the liability and the finance charge. The finance charge is allocated to the income statement during the term of the lease in such a way as to produce a constant periodic interest rate on the remaining balance of the liability for each year. The right-of-use asset is depreciated over the useful life of the asset or the lease term, whichever is shorter, on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is amortized over the useful life of the underlying asset. Assets and liabilities arising from a lease are initially measured at present value. Lease liabilities include the net present value of the following lease payments: – Fixed payments (including inflation-linked payments), less any lease incentive receivable – Variable lease payments that depend on an index or rate. – The amounts expected to be paid by the lessee under residual value guarantees. – The exercise price of a purchase option if the lessee is reasonably certain that it will exercise that option. – Lease termination penalty payments, if the term of the lease reflects the lessee's exercise of that option. Lease payments are discounted using the interest rate implicit in the lease. Given in certain situations this interest rate cannot be obtained, the discount rate used in this cases, is the lessee's incremental borrowing rate at the related date. For this purpose, the entity has calculated this incremental borrowing rate taking as reference the listed debt instruments issued by the Group; in this regard, the Group has estimated different interest rate curves depending on the currency and economic environment in which the contracts are located. In order to construct the incremental borrowing rate, a methodology has been developed at the corporate level. This methodology is based on the need for each entity to consider its economic and financial situation, for which the following factors must be considered: – Economic and political situation (country risk). – Credit risk of the company. – Monetary policy. – Volume and seniority of the company’s debt instrument issues. The incremental borrowing rate is defined as the interest rate that a lessee would have to pay for borrowing, given a similar period to the duration of the lease and with similar security, the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment. The Group entities have a wide stock and variety of financing instruments issued in different currencies to that of the euro (pound, dollar, etc.) that provide sufficient information to be able to determine an "all in rate" (reference rate plus adjustment for credit spread at different terms and in different currencies). In circumstances, where the leasing company has its own financing, this has been used as the starting point for determining the incremental borrowing rate. On the other hand, for those Grupo Santander entities that do not have their own financing, the information from the financing of the consolidated subgroup to which they belong was used as the starting point for estimating the entity's curve, analysing other factors to assess whether it is necessary to make any type of negative or positive adjustment to the initially estimated credit spread. Right-of-use assets are valued at cost which includes the following: – The amount of the initial measurement of the lease liability. – Any lease payment made at or before the commencement date less any lease incentive received. – Any initial direct costs. – Restoration costs. The Group recognises the payments associated with short-term leases and leases of low-value assets on a straight-line basis as an expense in the income statement. Short-term leases are leases with a lease term less than or equal to 12 months (a lease that contains a purchase option is not a short term lease). |
Intangible assets | Intangible assets Intangible assets are identifiable non-monetary assets (separable from other assets) without physical substance which arise as a result of a legal transaction or which are developed internally by the consolidated entities. Only assets whose cost can be estimated reliably and from which the consolidated entities consider it probable that future economic benefits will be generated are recognised. Intangible assets are recognised initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses. i. Goodwill Any excess of the cost of the investments in the consolidated entities and entities accounted for using the equity method over the corresponding underlying carrying amounts acquired, adjusted at the date of first-time consolidation, is allocated as follows: • If it is attributable to specific assets and liabilities of the companies acquired, by increasing the value of the assets (or reducing the value of the liabilities) whose fair values were higher (lower) than the carrying amounts at which they had been recognised in the acquired entities’ balance sheets. ▪ If it is attributable to specific intangible assets, by recognising it explicitly in the consolidated balance sheet provided that the fair value of these assets within twelve months following the date of acquisition can be measured reliably. ▪ The remaining amount is recognised as goodwill, which is allocated to one or more cash-generating units (CGUs) (a cash-generating unit is the smallest identifiable group of assets that, as a result of continuing operation, generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets). The cash-generating units represent the Group’s geographical and/or business segments. Goodwill (only recognised when it has been acquired by consideration) represents, therefore, a payment made by the acquirer in anticipation of future economic benefits from assets of the acquired entity that are not capable of being individually identified and separately recognised. At the end of each annual reporting period or whenever there is any indication of impairment goodwill is reviewed for impairment (i.e. a reduction in its recoverable amount to below its carrying amount) and, if there is any impairment, the goodwill is written down with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets' in the consolidated income statement. An impairment loss recognised for goodwill is not reversed in a subsequent period. In the event of sale or departure of an activity that is part of a CGU, the part of the goodwill that can be assigned to said activity would be written-off, taking as a reference the relative value of the same over the total of the CGU at the time of sale or abandonment. If applicable, the distribution by currency of the remaining goodwill will be performed based on the relative values of the remaining activities. ii. Other intangible assets Other intangible assets includes the amount of identifiable intangible assets, such as purchased customer lists and computer software. Other intangible assets can have an indefinite useful life -when, based on an analysis of all the relevant factors, it is concluded that there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the consolidated entities- or a finite useful life, in all other cases. Intangible assets with indefinite useful lives are not amortised, but rather at the end of each reporting period or whenever there is any indication of impairment the consolidated entities review the remaining useful lives of the assets in order to determine whether they continue to be indefinite and, if this is not the case, to take the appropriate steps. Intangible assets with finite useful lives are amortised over those useful lives using methods similar to those used to depreciate tangible assets. The intangible asset amortisation charge is recognised under 'Depreciation and amortisation' in the consolidated income statement. In both cases the consolidated entities recognise any impairment loss on the carrying amount of these assets with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets in the consolidated' income statement. The criteria used to recognise the impairment losses on these assets and, where applicable, the reversal of impairment losses recognised in prior years are similar to those used for tangible assets (see note 2.k). Internally developed computer software Internally developed computer software is recognised as an intangible asset if, among other requisites (basically the Group’s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated. Expenditure on research activities is recognised as an expense in the year in which it is incurred and cannot be subsequently capitalised into the carrying amount of the intangible asset. |
Other assets | Other assets'Other assets' in the consolidated balance sheet includes the amount of assets not recorded in other items, the breakdown being as follows: ▪ Inventories: this item includes the amount of assets, other than financial instruments, that are held for sale in the ordinary course of business, that are in the process of production, construction or development for such purpose, or that are to be consumed in the production process or in the provision of services. Inventories include land and other property held for sale in the property development business. Inventories are measured at the lower of cost and net realisable value, which is the estimated selling price of the inventories in the ordinary course of business, less the estimated costs of completion and the estimated costs required to make the sale. Any write-downs of inventories -such as those due to damage, obsolescence or reduction of selling price- to net realisable value and other impairment losses are recognised as expenses for the year in which the impairment or loss occurs. Subsequent reversals are recognised in the consolidated income statement for the year in which they occur. The carrying amount of inventories is derecognised and recognised as an expense in the period in which the revenue from their sale is recognised. ▪ Other: this item includes the balance of all prepayments and accrued income (excluding accrued interest, fees and commissions), the net amount of the difference between pension plan obligations and the value of the plan assets with a balance in the entity’s favour, when this net amount is to be reported in the consolidated balance sheet, and the amount of any other assets not included in other items. |
Other liabilities | Other liabilities'Other liabilities' includes the balance of all accrued expenses and deferred income, excluding accrued interest, and the amount of any other liabilities not included in other categories. |
Provisions and contingent assets and liabilities | Provisions and contingent assets and liabilities When preparing the financial statements of the consolidated entities, Banco Santander’s directors made a distinction between: • Provisions: credit balances covering present obligations at the reporting date arising from past events which could give rise to a loss for the consolidated entities, which is considered to be likely to occur and certain as to its nature but uncertain as to its amount and/or timing. ▪ Contingent liabilities: possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the consolidated entities. They include the present obligations of the consolidated entities when it is not probable that an outflow of resources embodying economic benefits will be required to settle them. The Group does not recognise the contingent liability. The Group will disclose a contingent liability, unless the possibility of an outflow of resources embodying economic benefits is remote. Santander UK plc is cooperating with an FCA civil regulatory investigation which commenced in July 2017 into its compliance with the Money Laundering Regulations 2007 and potential breaches of FCA principles and rules relating to anti-money laundering and financial crime systems and controls. The FCA’s investigation focuses primarily on the period 2012 to 2017 and includes consideration of high risk customers including Money Service Businesses. It is not currently possible to make a reliable assessment of any liability resulting from the investigation including any financial penalty. ▪ Contingent assets: possible assets that arise from past events and whose existence is conditional on, and will be confirmed only by, the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. Contingent assets are not recognised in the consolidated balance sheet or in the consolidated income statement, but rather are disclosed in the notes, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits. Grupo Santander’s consolidated financial statements include all the material provisions with respect to which it is considered that it is more likely than not the obligation will have to be settled. In accordance with accounting standards, contingent liabilities must not be recognised in the consolidated financial statements, but must rather be disclosed in the Notes. Provisions (which are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year) are used to cater for the specific obligations for which they were originally recognised. Provisions are fully or partially reversed when such obligations cease to exist or are reduced. Provisions are classified according to the obligations covered as follows (see note 25): ▪ Provision for pensions and similar obligations: includes the amount of all the provisions made to cover post-employment benefits, including obligations to pre-retirees and similar obligations. ▪ Provisions for contingent liabilities and commitments: include the amount of the provisions made to cover contingent liabilities -defined as those transactions in which the Group guarantees the obligations of a third party, arising as a result of financial guarantees granted or contracts of another kind- and contingent commitments -defined as irrevocable commitments that may give rise to the recognition of financial assets. ▪ Provisions for taxes and other legal contingencies and Other provisions: include the amount of the provisions recognised to cover tax and legal contingencies and litigation and the other provisions recognised by the consolidated entities. Other provisions includes, inter alia, any provisions for restructuring costs and environmental measures. |
Court proceedings and/or claims in process | Court proceedings and/or claims in processAt the end of 2021 certain court proceedings and claims were in process against the consolidated entities arising from the ordinary course of their operations (see note 25). |
Own equity instruments | Own equity instrumentsOwn equity instruments are those meeting both of the following conditions: ▪ The instruments do not include any contractual obligation for the issuer (i) to deliver cash or another financial asset to a third party; or (ii) to exchange financial assets or financial liabilities with a third party under conditions that are potentially unfavourable to the issuer. ▪ The instruments will or may be settled in the issuer’s own equity instruments and are: (i) a non-derivative that includes no contractual obligation for the issuer to deliver a variable number of its own equity instruments; or (ii) a derivative that will be settled by the issuer through the exchange of a fixed amount of cash or another financial asset for a fixed number of its own equity instruments. Transactions involving own equity instruments, including their issuance and cancellation, are charged directly to equity. Changes in the value of instruments classified as own equity instruments are not recognised in the consolidated financial statements. Consideration received or paid in exchange for such instruments, including the coupons on preference shares contingently convertible into ordinary shares and the coupons associated with CCPP, is directly added to or deducted from equity. |
Equity-instrument-based employee remuneration | Equity-instrument-based employee remuneration Own equity instruments delivered to employees in consideration for their services, if the instruments are delivered once the specific period of service has ended, are recognised as an expense for services (with the corresponding increase in equity) as the services are rendered by employees during the service period. At the grant date the services received (and the related increase in equity) are measured at the fair value of the equity instruments granted. If the equity instruments granted are vested immediately, Grupo Santander recognises in full, at the grant date, the expense for the services received. When the requirements stipulated in the remuneration agreement include external market conditions (such as equity instruments reaching a certain quoted price), the amount ultimately to be recognised in equity will depend on the other conditions being met by the employees (normally length of service requirements), irrespective of whether the market conditions are satisfied. If the conditions of the agreement are met but the external market conditions are not satisfied, the amounts previously recognised in equity are not reversed, even if the employees do not exercise their right to receive the equity instruments. |
Recognition of income and expenses | Recognition of income and expenses The most significant criteria used by Grupo Santander to recognise its income and expenses are summarised as follows: i. Interest income, interest expenses and similar items Interest income, interest expenses and similar items are generally recognised on an accrual basis using the effective interest method. Dividends received from other companies are recognised as income when the consolidated entities’ right to receive them arises. ii. Commissions, fees and similar items Fee and commission income and expenses are recognised in the consolidated income statement using criteria that vary according to their nature. The main criteria are as follows: ▪ Fee and commission income and expenses relating to financial assets and financial liabilities measured at fair value through profit or loss are recognised when paid. ▪ Those arising from transactions or services that are performed over a period of time are recognised over the life of these transactions or services. ▪ Those relating to services provided in a single act are recognised when the single act is carried out. iii. Non-finance income and expenses They are recognised for accounting purposes when the good is delivered or the non-financial service is rendered. To determine the amount and timing of recognition, a five-step model is followed: identification of the contract with the customer, identification of the separate obligations of the contract, determination of the transaction price, distribution of the transaction price among the identified obligations and finally recording of income as the obligations are satisfied. iv. Deferred collections and payments These are recognised for accounting purposes at the amount resulting from discounting the expected cash flows at market rates. v. Loan arrangement fees Loan arrangement fees, mainly loan origination, application and information fees, are accrued and recognised in income over the term of the loan. |
Financial guarantees | Financial guarantees Financial guarantees are defined as contracts whereby an entity undertakes to make specific payments on behalf of a third party if the latter fails to do so, irrespective of the various legal forms they may have, such as guarantees, insurance policies or credit derivatives. Grupo Santander initially recognises the financial guarantees provided on the liability side of the consolidated balance sheet at fair value, which is generally the present value of the fees, commissions and interest receivable from these contracts over the term thereof, and simultaneously the Group recognises the amount of the fees, commissions and similar interest received at the inception of the transactions and a credit on the asset side of the consolidated balance sheet for the present value of the fees, commissions and interest outstanding. Financial guarantees, regardless of the guarantor, instrumentation or other circumstances, are reviewed periodically so as to determine the credit risk to which they are exposed and, if appropriate, to consider whether a provision is required. The credit risk is determined by application of criteria similar to those established for quantifying impairment losses on debt instruments carried at amortised cost (described in note 2.g above). The provisions made for these transactions are recognised under 'Provisions - Provisions for commitments and guarantees given in the consolidated balance sheet' (see note 25). These provisions are recognised and reversed with a charge or credit, respectively, to 'Provisions or reversal of provisions', net, in the consolidated income statement. If a specific provision is required for financial guarantees, the related unearned commissions recognised under 'Financial liabilities at amortised cost - Other financial liabilities in the consolidated balance sheet', are reclassified to the appropriate provision. |
Assets under management and investment and pension funds managed by the Group | Assets under management and investment and pension funds managed by the Group Assets owned by third parties and managed by the consolidated entities are not presented on the face of the consolidated balance sheet. Management fees are included in 'Fee and commission income' in the consolidated income statement. The investment funds and pension funds managed by the consolidated entities are not presented on the face of the Group’s consolidated balance sheet since the related assets are owned by third parties. The fees and commissions earned in the year for the services rendered by the Group entities to these funds (asset management and custody services) are recognised under Fee and 'Commission income' in the consolidated income statement. Note 2.b.iv describes the internal criteria and procedures used to determine whether control exists over the structured entities, which include, inter alia, investment funds and pension funds. |
Post-employment, other long-term employee, and termination benefits | Post-employment benefits Under the collective agreements currently in force and other arrangements, the Spanish banks included in the Group and certain other Spanish and foreign consolidated entities have undertaken to supplement the public social security system benefits accruing to certain employees, and to their beneficiary right holders, for retirement, permanent disability or death, and the post-employment welfare benefits. Grupo Santander's post-employment obligations to its employees are deemed to be defined contribution plans when the Group makes pre-determined contributions (recognised under Personnel expenses in the consolidated income statement) to a separate entity and will have no legal or effective obligation to make further contributions if the separate entity cannot pay the employee benefits relating to the service rendered in the current and prior periods. Post-employment obligations that do not meet the aforementioned conditions are classified as defined benefit plans (see note 25). Defined contribution plans The contributions made in this connection in each year are recognised under 'Personnel expenses' in the consolidated income statement. The amounts not yet contributed at each year-end are recognised, at their present value, under 'Provisions - Provision for pensions' and similar obligations on the liability side of the consolidated balance sheet. Defined benefit plans Grupo Santander recognises under 'Provisions - Provision for pensions and similar obligations on the liability side of the consolidated balance sheet' (or under 'Other assets' on the asset side, as appropriate) the present value of its defined benefit post-employment obligations, net of the fair value of the plan assets. Plan assets are defined as those that will be directly used to settle obligations and that meet the following conditions: ▪ They are not owned by the consolidated entities, but by a legally separate third party that is not a party related to the Group. ▪ They are only available to pay or fund post-employment benefits and they cannot be returned to the consolidated entities unless the assets remaining in the plan are sufficient to meet all the benefit obligations of the plan and of the entity to current and former employees, or they are returned to reimburse employee benefits already paid by Grupo Santander. If Grupo Santander can look to an insurer to pay part or all of the expenditure required to settle a defined benefit obligation, and it is practically certain that said insurer will reimburse some or all of the expenditure required to settle that obligation, but the insurance policy does not qualify as a plan asset, the Group recognises its right to reimbursement -which, in all other respects, is treated as a plan asset- under 'Insurance contracts linked to pensions' on the asset side of the consolidated balance sheet. Grupo Santander will recognise the following items in the income statement: • Current service cost, (the increase in the present value of the obligations resulting from employee service in the current period), is recognised under 'Staff costs'. • The past service cost, which arises from changes to existing post-employment benefits or from the introduction of new benefits and includes the cost of reductions, is recognised under 'Provisions or reversal of provisions'. • Any gain or loss arising from a liquidation of the plan is included in the Provisions or reversion of provisions. • Net interest on the net defined benefit liability (asset), i.e. the change during the period in the net defined benefit liability (asset) that arises from the passage of time, is recognised under 'Interest expense' and similar charges ('Interest and similar income' if it constitutes income) in the consolidated income statement. The remeasurement of the net defined benefit liability (asset) is recognised in 'Other comprehensive income' under Items not reclassified to profit or loss and includes: ▪ Actuarial gains and losses generated in the year, arising from the differences between the previous actuarial assumptions and what has actually occurred and from the effects of changes in actuarial assumptions. ▪ The return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset). ▪ Any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). x) Other long-term employee benefits Other long-term employee benefits, defined as obligations to pre-retirees -taken to be those who have ceased to render services at the entity but who, without being legally retired, continue to have economic rights vis-à-vis the entity until they acquire the legal status of retiree-, long-service bonuses, obligations for death of spouse or disability before retirement that depend on the employee’s length of service at the entity and other similar items, are treated for accounting purposes, where applicable, as established above for defined benefit post-employment plans, except that actuarial gains and losses are recognised under 'Provisions or reversal of provisions', net, in the consolidated income statement (see note 25). y) Termination benefits Termination benefits are recognised when there is a detailed formal plan identifying the basic changes to be made, provided that implementation of the plan has begun, its main features have been |
Income tax | Income tax The expense for Spanish income tax and other similar taxes applicable to the foreign consolidated entities is recognised in the consolidated income statement, except when they arise from a transaction whose results are recognised directly in equity, in which case the related tax effect is recognised in equity. The current income tax expense is calculated as the sum of the current tax resulting from application of the appropriate tax rate to the taxable profit for the year (net of any deductions allowable for tax purposes), and of the changes in deferred tax assets and liabilities recognised in the consolidated income statement. 'Deferred tax assets' and liabilities include temporary differences, which are identified as the amounts expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities and their related tax bases, and tax loss and tax credit carryforwards. These amounts are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled. 'Tax assets' include the amount of all tax assets, which are broken down into current -amounts of tax to be recovered within the next twelve months- and deferred -amounts of tax to be recovered in future years, including those arising from tax loss or tax credit carryforwards. 'Tax liabilities' includes the amount of all tax liabilities (except provisions for taxes), which are broken down into current -the amount payable in respect of the income tax on the taxable profit for the year and other taxes in the next twelve months- and deferred -the amount of income tax payable in future years. Deferred tax liabilities are recognised in respect of taxable temporary differences associated with investments in subsidiaries, associates or joint ventures, except when the Group is able to control the timing of the reversal of the temporary difference and, in addition, it is probable that the temporary difference will not reverse in the foreseeable future. In this regard, no deferred tax liabilities of EUR 317.4 million were recognised in relation to the taxation that would arise from the undistributed earnings of certain Group holding companies, in accordance with the legislation applicable in those jurisdictions. Deferred tax assets are only recognised for temporary differences to the extent that it is considered probable that the consolidated entities will have sufficient future taxable profits against which the deferred tax assets can be utilised, and the deferred tax assets do not arise from the initial recognition (except in a business combination) of other assets and liabilities in a transaction that affects neither taxable profit nor accounting profit. Other deferred tax assets (tax loss and tax credit carryforwards) are only recognised if it is considered probable that the consolidated entities will have sufficient future taxable profits against which they can be utilised. Differences generated by the different accounting and tax treatment of any of the income and expenses recorded directly in equity to be paid or recovered in the future are accounted for as temporary differences. |
Residual maturity periods and average interest rates | Residual maturity periodsThe analysis of the maturities of the balances of certain items in the consolidated balance sheet. |
Consolidated statement of recognized income and expense | Consolidated statement of recognised income and expense This statement presents the income and expenses generated by the Group as a result of its business activity in the year, and a distinction is made between the income and expenses recognised in the consolidated income statement for the year and the other income and expenses recognised directly in consolidated equity. Accordingly, this statement presents: a. Consolidated profit for the year. b. The net amount of the income and expenses recognised in 'Other comprehensive income' under items that will not be reclassified to profit or loss. c. The net amount of the income and expenses recognised in Other comprehensive income under items that may be reclassified subsequently to profit or loss. d. The income tax incurred in respect of the items indicated in b and c above, except for the valuation adjustments arising from investments in associates or joint ventures accounted for using the equity method, which are presented net. e. Total consolidated recognised income and expense, calculated as the sum of a) to d) above, presenting separately the amount attributable to the parent company and the amount relating to non-controlling interests. The statement presents the items separately by nature, grouping together items that, in accordance with the applicable accounting standards, will not be reclassified subsequently to profit and loss since the requirements established by the corresponding accounting standards are met. |
Statement of changes in total equity | Statement of changes in total equity This statement presents all the changes in equity, including those arising from changes in accounting policies and from the correction of errors. Accordingly, this statement presents a reconciliation of the carrying amount at the beginning and end of the year of all the consolidated equity items, and the changes are grouped together on the basis of their nature into the following items: a. Adjustments due to changes in accounting policies and to errors: include the changes in consolidated equity arising as a result of the retrospective restatement of the balances in the consolidated financial statements, distinguishing between those resulting from changes in accounting policies and those relating to the correction of errors. b. Income and expense recognised in the year: includes, in aggregate form, the total of the aforementioned items recognised in the consolidated statement of recognised 'Income and expense'. c. Other changes in equity: includes the remaining items recognised in equity, including, inter alia, increases and decreases in capital, distribution of profit, transactions involving own equity |
Consolidated statement of cash flows | Consolidated statement of cash flows The following terms are used in the consolidated statements of cash flows with the meanings specified: • Cash flows: inflows and outflows of cash and cash equivalents, which are short-term, highly liquid investments that are subject to an insignificant risk of changes in value, irrespective of the portfolio in which they are classified. Grupo Santander classifies as cash and cash equivalents the balances recognised under 'Cash, cash balances at central banks' and 'Other deposits on demand' in the consolidated balance sheet. • Operating activities: the principal revenue-producing activities of credit institutions and other activities that are not investing or financing activities. • Investing activities: the acquisition and disposal of long-term assets and other investments not included in cash and cash equivalents. • Financing activities: activities that result in changes in the size and composition of the equity and liabilities that are not operating activities. During 2021 Grupo Santander received interest amounting to EUR 48,081 million (EUR 43,953 million and EUR 55,269 million in 2020 and 2019, respectively) and paid interest amounting to EUR 12,738 million (EUR 13,690 million and EUR 20,671 million in 2020 and 2019, respectively). Also, dividends received and paid by the Group are detailed in notes 4, 28 and 40, including dividends paid to minority interests (non-controlling interests). |
Introduction, basis of presen_2
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of reclassifications or changes in presentation [abstract] | |
Carrying amount of financial assets, financial liabilities, derivatives and loan commitments in reference to the IBOR reform | Following is a detail of the carrying amount at 31 December 2021 of financial assets, financial liabilities, derivatives and loan commitments that continue to be referenced to the indices subject to the IBOR Reform: EUR million Gross Carrying amount Loans and advances Debt securities acquired (Assets) Deposits Debt securities issued (Liabilities) Derivatives (Assets) Derivatives (Liabilities) Loan Commitments Referenced to EONIA 15 68 949 284 101 242 — Referenced to LIBOR 45,713 4,325 9,358 8,408 11,806 17,551 24,533 of which USD 39,806 2,749 8,634 6,667 8,387 11,163 24,034 of which GBP 2,957 1,570 253 1,700 3,386 4,899 418 TOTAL 45,728 4,393 10,307 8,692 11,907 17,793 24,533 |
Accounting policies (Tables)
Accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Accounting Policies Abstract [Abstract] | |
Schedule of estimated effect on the consolidated equity attributable to the Group and on consolidated profit of a 1% change in the euro against the corresponding currency | The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit of a 1% appreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2021 2020 2019 2021 2020 2019 US dollar (133.3) (123.6) (161.3) (8.6) (4.1) (3.5) Chilean peso (11.4) (20.4) (21.8) (2.4) (4.4) (2.3) Pound sterling (105.9) (107.9) (189.2) (2.3) (1.2) (3.9) Mexican peso (23.1) (21.7) (22.6) (0.9) (2.0) (3.3) Brazilian real (80.8) (75.0) (71.6) (15.4) (12.6) (10.4) Polish zloty (27.5) (26.7) (38.3) (1.1) (2.2) (1.2) Argentine peso (10.7) (7.9) (6.9) (2.5) (1.8) (1.2) Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit of a 1% depreciation of the euro against the corresponding currency is as follows: EUR million Effect on Effect on Currency 2021 2020 2019 2021 2020 2019 US dollar 136.0 126.1 164.6 8.8 4.2 3.5 Chilean peso 11.6 20.8 22.2 2.4 4.5 2.4 Pound sterling 108.0 110.1 193.0 2.3 1.2 4.0 Mexican peso 23.6 22.1 23.1 0.9 2.0 3.4 Brazilian real 82.4 76.5 73.1 15.7 12.8 10.6 Polish zloty 28.0 27.2 39.0 1.1 2.2 1.2 Argentine peso 11.0 8.0 7.0 2.6 1.8 1.3 |
Summary of fair values of financial assets and liabilities | The following table summarises the fair values, at the end of each of the years indicated, of the financial assets and liabilities listed below, classified according to the different valuation methodologies used by the Group to determine their fair value: EUR million 2021 2020 2019 Published Internal Total Published Internal Total Published Internal Total Financial assets held for trading 39,678 77,275 116,953 46,379 68,566 114,945 44,581 63,649 108,230 Non-trading financial assets mandatorily at fair value through profit or loss 2,398 3,138 5,536 1,756 2,730 4,486 1,530 3,381 4,911 Financial assets designated at fair value through profit or loss 2,113 13,844 15,957 2,509 46,208 48,717 2,572 59,497 62,069 Financial assets at fair value through other comprehensive income 77,749 30,289 108,038 91,771 29,182 120,953 103,089 22,619 125,708 Hedging derivatives (assets) — 4,761 4,761 — 8,325 8,325 — 7,216 7,216 Financial liabilities held for trading 10,379 69,090 79,469 9,863 71,304 81,167 9,781 67,358 77,139 Financial liabilities designated at fair value through profit or loss 3,620 29,113 32,733 2,118 45,920 48,038 1,484 59,511 60,995 Hedging derivatives (liabilities) — 5,463 5,463 — 6,869 6,869 — 6,048 6,048 Liabilities under insurance or reinsurance contracts — 770 770 — 910 910 — 739 739 |
Schedule of financial instruments at fair value whose measurement was based on internal models (Levels 2 and 3) | Set forth below are the financial instruments at fair value whose measurement was based on internal models (levels 2 and 3) at 31 December 2021, 2020 and 2019: EUR million Fair values calculated 2021* Level 2 Level 3 Valuation techniques Main assumptions ASSETS 121,640 7,667 Financial assets held for trading 76,738 537 Central banks** 3,608 — Present value method Yield curves, FX market prices Credit institutions** 10,397 — Present value method Yield curves, FX market prices Customers** 6,829 — Present value method Yield curves, FX market prices Debt and equity instruments 2,312 24 Present value method Yield curves, FX market prices Derivatives 53,592 513 Swaps 43,700 224 Present value method, Gaussian Copula Yield curves, FX market prices, HPI, Basis, Liquidity Exchange rate options 539 12 Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate options 2,112 182 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Interest rate futures 409 — Present value method Yield curves, FX market prices Index and securities options 439 41 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Liquidity Other 6,393 54 Present value method, Advanced stochastic volatility models and other Yield curves, Volatility surfaces, FX and EQ market prices, Dividends, Correlation, HPI, Credit, Others Hedging derivatives 4,761 — Swaps 4,204 — Present value method Yield curves, FX market prices, Basis Interest rate options 9 — Black's Model Yield curves, FX market prices, Volatility surfaces Other 548 — Present value method, Advanced stochastic volatility models and other Yield curves, Volatility surfaces, FX market prices, Credit, Liquidity, Others Non-trading financial assets mandatorily at fair value through profit or loss 1,273 1,865 Equity instruments 415 1,231 Present value method Market price, Interest rates curves, Dividends and Others Debt instruments 589 366 Present value method Yield curves Loans and receivables 269 268 Present value method, swap asset model & CDS Yield curves and Credit curves Financial assets designated at fair value through profit or loss 13,426 418 Credit institutions 3,152 — Present value method Yield curves, FX market prices Customers*** 10,270 18 Present value method Yield curves, FX market prices, HPI Debt instruments 4 400 Present value method Yield curves, FX market prices Financial assets at fair value through other comprehensive income 25,442 4,847 Equity instruments 74 821 Present value method Market price, Yield curves, Dividends and Others Debt instruments 21,585 146 Present value method Yield curves, FX market prices Loans and receivables 3,783 3,880 Present value method Yield curves, FX market prices and Credit curves EUR million Fair values calculated 2021* Level 2 Level 3 Valuation techniques Main assumptions LIABILITIES 103,807 629 Financial liabilities held for trading 68,930 160 Central banks** 1,038 — Present value method Market price, Yield curves, Dividends and Others Credit institutions** 6,488 — Present value method Yield curves, FX market prices Customers 6,141 — Present value method Yield curves, FX market prices and Credit curves Derivatives 53,234 160 Swaps 42,438 44 Present value method, Gaussian Copula Yield curves, FX market prices, Basis, Liquidity, HPI Exchange rate options 658 7 Black-Scholes Model Yield curves, Volatility surfaces, FX market prices, Liquidity Index and securities options 446 67 Black-Scholes Model Yield curves, FX market prices Interest rate options 2,720 26 Black's Model, multifactorial advanced models interest rate Yield curves, Volatility surfaces, FX market prices, Liquidity Futures on interest rate and variable income 184 — Present value method Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI Other 6,788 16 Present value method, Advanced stochastic volatility models Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI, Credit, Others Short positions 2,029 — Present value method Yield curves ,FX & EQ market prices, Equity Hedging derivatives 5,463 — Swaps 4,149 — Present value method Yield curves ,FX & EQ market prices, Basis Other 1,314 — Present value method, Advanced stochastic volatility models and other Yield curves , Volatility surfaces, FX market prices, Credit, Liquidity, Other Financial liabilities designated at fair value through profit or loss 28,644 469 Present value method Yield curves, FX market prices Liabilities under insurance contracts 770 — Present Value Method with actuarial techniques Mortality tables and interest rate curves * Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data. ** Includes mainly short-term loans and reverse repurchase agreements with corporate customers (mainly brokerage and investment companies). *** Includes, mainly, structured loans to corporate clients. EUR million Fair values calculated Fair values calculated 2020* 2019* Level 2 Level 3 Level 2 Level 3 Valuation techniques ASSETS 146,468 8,543 149,711 6,651 Financial assets held for trading 67,826 740 63,051 598 Credit institutions 3 — — — Present Value method Customers** 296 — 355 — Present Value method Debt and equity instruments 1,453 10 760 65 Present Value method Derivatives 66,074 730 61,936 533 Swaps 54,488 272 51,594 182 Present Value method, Gaussian Copula Exchange rate options 696 22 469 8 Black-Scholes Model Interest rate options 3,129 241 3,073 177 Black's Model, advanced multifactor interest rate models Interest rate futures 1,069 — 190 — Present Value method Index and securities options 554 94 1,164 95 Black's Model, advanced multifactor interest rate models Other 6,138 101 5,446 71 Present Value method, Advanced stochastic volatility models and other Hedging derivatives 8,325 — 7,216 — Swaps 6,998 — 6,485 — Present Value method Interest rate options 25 — 25 — Black’s Model Other 1,302 — 706 — Present Value method, Advanced stochastic volatility models and other Non-trading financial assets mandatorily at fair value through profit or loss 1,796 934 1,780 1,601 Equity instruments 984 505 1,272 550 Present Value method Debt securities issued 555 134 498 675 Present Value method Loans and receivables 257 295 10 376 Present Value method, swap asset model & CDS Financial assets designated at fair value through profit or loss 45,559 649 58,833 664 Central banks 9,481 — 6,474 — Present Value method Credit institutions 11,973 163 21,598 50 Present Value method Customers 24,102 19 30,729 32 Present Value method Debt instruments 3 467 32 582 Present Value method Equity instruments — — — — Present Value method Financial assets at fair value through other comprehensive income 22,962 6,220 18,831 3,788 Equity instruments 75 1,223 98 407 Present Value method Debt instruments 18,410 206 17,486 188 Present Value method Loans and receivables 4,477 4,791 1,247 3,193 Present Value method EUR million Fair values calculated Fair values calculated 2020* 2019* Level 2 Level 3 Level 2 Level 3 Valuation techniques LIABILITIES 124,098 905 132,582 1,074 Financial liabilities held for trading 71,009 295 67,068 290 Derivatives 63,920 295 61,789 290 Swaps 51,584 81 49,927 115 Present Value method, Gaussian Copula*** Interest rate options 4,226 49 4,291 34 Black's Model, advanced multifactor interest rate models Exchange rate options 724 1 658 1 Black-Scholes Model Index and securities options 456 97 1,309 88 Black-Scholes Model Interest rate and equity futures 1,054 2 20 2 Present Value method Other 5,876 65 5,584 50 Present Value method, Advanced stochastic volatility models and other Short positions 7,089 — 5,279 — Present Value method Hedging derivatives 6,869 — 6,048 — Swaps 5,821 — 4,737 0 Present Value method Interest rate options 13 — 10 — Black’s Model Other 1,035 — 1,301 — Present Value method, Advanced stochastic volatility models and other Financial liabilities designated at fair value through profit or loss 45,310 610 58,727 784 Present Value method Liabilities under insurance contracts 910 — 739 — Present Value method with actuarial techniques * Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data. ** Includes mainly short-term loans and reverse repurchase agreements with corporate customers (mainly brokerage and investment companies). |
Schedule of effect on fair value of financial instruments classified as Level 3 of a reasonable change in the assumptions used in the valuation | This effect was determined by applying the probable valuation ranges of the main unobservable inputs detailed in the following table: 2021 Portfolio/Instrument Valuation technique Main unobservable inputs Range Weighted average Impacts (EUR million) (Level 3) Unfavourable scenario Favourable scenario Financial assets held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 36.30 % (0.50) 0.43 CCS Discounted Cash Flows Interest rate (0.7)% - 0.7% 0.73 % (0.11) 0.11 CCS Forward estimation Interest rate 4bps - (4)bps (0.09) % (0.03) 0.03 Convertibility curve - inputs: NDFs Offshore Forward estimation Price 0% - 2% 0.61 % (0.65) 0.28 EQ Options EQ option pricing model Volatility 0% - 90% 61.20 % (0.24) 0.52 EQ Options Local volatility Volatility 10% - 90% 40.00 % (6.82) 6.82 FRAs Asset Swap model Interest rate 0% - 4% 1.78 % (0.91) 0.73 FX Options FX option pricing model Volatility 0% - 50% 32.14 % (0.28) 0.50 Inflation Derivatives Asset Swap model Inflation Swap Rate (50)% - 50% 50.00 % (0.56) 0.28 Inflation Derivatives Volatility option model Volatility 0% - 40% 13.29 % (0.47) 0.24 IR Futures Asset Swap model Interest rate 0% - 15% 5.91 % (1.09) 0.71 IR Options IR option pricing model Volatility 0% - 60% 36.28 % (0.20) 0.31 IRS Asset Swap model Interest rate (6)% - 12.80% 10.36 % (0.07) 0.13 IRS Discounted Cash Flows Credit spread 103.10bps - 375.6bps 71.91 % (7.21) 4.16 IRS Discounted Cash Flows Inflation Swap Rate (0.8)% - 6.5% 1.81 % (0.04) 0.01 IRS Discounted Cash Flows Swap Rate 7.7% - 8.2% (2.87) % (0.23) 0.10 IRS Forward estimation Interest rate TIIE91 (8.98)bps - TIIE91 +11.12bps n.a. (0.27) 0.17 IRS Forward estimation Prepayment rate 6% - 12% n.a. — — IRS Others Others 0.05% n.a. (1.49) — IRS Prepayment modelling Prepayment rate 2.5% - 6.2% 0.44 % (0.09) 0.05 Property derivatives Option pricing model Growth rate 0% - 5% 2.50 % (2.62) 2.62 Swaptions IR option pricing model Volatility 0% - 40% 26.67 % (0.13) 0.27 Debt securities Corporate debt Price based Market price 85% - 115% 15.00 % — — Financial assets designated at fair value through profit or loss Loans and advances to customers Loans Discounted Cash Flows Credit spreads 0.1% - 1.4% 0.66 % (0.26) 0.26 Mortgage portfolio Black Scholes model Growth rate 0%- 5% 2.50 % (1.9) 1.90 Debt securities Corporate debt Discounted Cash Flows Credit spread 0% - 20% 9.88 % (1.23) 1.20 Government debt Discounted Cash Flows Discount curve 0% - 10% 8.33 % (4.14) 20.69 Other debt securities Others Inflation Swap Rate 0% - 10% 4.74 % (5.47) 4.92 2021 Portfolio/Instrument Valuation technique Main unobservable inputs Range Weighted average Impacts (EUR million) (Level 3) Unfavourable scenario Favourable scenario Non-trading financial assets mandatorily at fair value through profit or loss Debt securities Corporate debt Discounted Cash Flows Margin of a reference portfolio (1)bp - 1bp 0.01 (0.56) 0.60 Property securities Probability weighting Growth rate 0% - 5% 2.50 % (1.19) 1.19 Equity instruments Equities Price Based Price 90% - 110% 10.00 % (123.1) 123.10 Financial assets at fair value through other comprehensive income Loans and advances to customers Loans Discounted Cash Flows Credit spread n.a. n.a. (19.84) — Loans Discounted Cash Flows Interest rate curve (0.1)% - 0.1% 0.12 % (0.07) 0.07 Loans Discounted Cash Flows Margin of a reference portfolio (1)bp - 1bp 1.00 % (13.12) 13.04 Loans Forward estimation Credit spread 77bps - 242bps n.a. — — Debt securities Government debt Discounted Cash Flows Interest rate 0.6% - 0.8% 0.09 % (0.01) 0.01 Equity instruments Equities Price Based Price 90% - 110% 10.00 % (82.13) 82.13 Financial liabilities held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 36.30 % (0.5) 0.43 Financial liabilities designated at fair value through profit or loss Loans and advances to customers Repos/Reverse repos Asset Swap Repo Model Long-term repo spread n.a n.a. (0.36) — 2020 Portfolio/ Impacts (EUR million) (Level 3) Valuation technique Main unobservable inputs Range Weighted Unfavourable Favourable scenario Financial assets held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 31.55 % (0.07) 0.05 CCS Discounted Cash Flows Interest rate (0.30)% - 0.66% 0.66 % — 0.20 Convertibility curve - NDFs Offshore Forward estimation Price 0% - 2% 0.61 % (0.72) 0.31 EQ Options EQ option pricing model Volatility 7.86% - 93.67% 48.37 % (1.46) 1.81 FRAs Asset Swap model Interest rate 0% - 5% 2.22 % (0.78) 0.63 FX Forward Discounted Cash Flows Swap Rate (0.02)% - (0.30)% 0.11 % — — FX Options FX option pricing model Volatility 0% - 50% 32.14 % (0.39) 0.70 Inflation Derivatives Asset Swap model Inflation Swap Rate (100)% - 50% 83.33 % (0.63) 0.31 Inflation Derivatives Volatility option model Volatility 0% - 50% 16.67 % (0.47) 0.23 IR Futures Asset Swap model Interest rate 0% - 15% 0.94 % (0.94) 0.06 IR Options IR option pricing model Volatility 0% - 100% 19.05 % (0.27) 0.06 IRS Asset Swap model Interest rate (6)% - 12.50% 10 % (0.08) 0.13 IRS Discounted Cash Flows Swap Rate 5.90% - 6.31% 2.26 % (0.01) 0.02 IRS Discounted Cash Flows Credit spread 78.97 bps - 202.37 bps 9.82 bps (2.81) 1.29 IRS Prepayment modelling Prepayment rate 2.47% - 6.22% 0.06 % (0.12) 0.05 Property derivatives Option pricing model HPI Forward growth rate and HPI Spot rate 0% - 5% 2.50 % (17.82) 17.82 Swaptions IR option pricing model Volatility 0% - 50% 33.33 % (0.16) 0.31 Financial assets designated at fair value through profit or loss Loans and advances to customers Repos / Reverse repos Asset Swap Repo Model Long-term repo spread n/a n/a (0.18) 0.23 Mortgage portfolio Black Scholes model HPI Forward growth rate 0% - 5% 2.50 % (2.23) 2.23 Other loans Present value method Credit spreads 0.07% - 1.55% 0.74 % (0.35) 0.35 Debt securities Government debt Discounted Cash Flows Interest rate 0% - 10% 8.33 % (0.78) 3.91 Other debt securities Price based Market Price 90% - 110% 10 % (0.15) 0.15 Property securities Probability weighting HPI Forward growth rate and HPI Spot rate 0% - 5% 2.50 % (7.24) 7.24 Non-trading financial assets mandatorily at fair value through profit or loss Equity instruments Equities Price Based Price 90% - 110% 10 % (50.47) 50.47 Financial assets at fair value through other comprehensive income Loans and advances to customers Loans Discounted Cash Flows Credit spread n/a n/a (6.72) — Loans Discounted Cash Flows Interest rate curve (0.15)% - 0.15% 0.15 % (0.09) 0.09 Other loans Present value method Credit spreads 0.15% - 0.53% 0.19 % (0.04) 0.04 Debt securities Government debt Discounted Cash Flows Interest rate 1.1% - 1.3% 0.10 % — — Equity instruments Equities Price Based Price 90% - 110% 10 % (122.14) 122.14 Financial liabilities held for trading Derivatives Cap&Floor Volatility option model Volatility 10% - 90% 34.61 % (0.02) 0.01 EQ Options Option pricing model HPI Forward growth rate and HPI Spot rate 0% - 5% 2.50 % (6.35) 6.35 |
Schedule of changes in financial instruments classified as Level 3 | Lastly, the changes in the financial instruments classified as Level 3 in 2021, 2020 and 2019 were as follows: 01/01/2021 Changes 31/12/2021 EUR million Fair value calculated using internal models (Level 3) Purchases/ Issuances Sales/Settlements Changes in Changes in Level Other Fair value Financial assets held for trading 740 136 (124) (181) — (15) (19) 537 Debt instruments 7 20 (2) (2) — — (1) 22 Equity instruments 3 — (1) — — — — 2 Trading derivatives 730 116 (121) (179) — (15) (18) 513 Swaps 272 5 (33) (35) — 33 (18) 224 Exchange rate options 22 14 (27) 3 — — — 12 Interest rate options 241 7 (39) (27) — — — 182 Index and securities options 94 18 (12) (51) — (8) — 41 Other 101 72 (10) (69) — (40) — 54 Financial assets at fair value through profit or loss 649 59 (120) (11) — (163) 4 418 Credit entities 163 — — — — (163) — — Loans and advances to customers 19 — (2) — — — 1 18 Debt instruments 467 59 (118) (11) — — 3 400 Non-trading financial assets mandatorily at fair value through profit or loss 934 534 (251) 127 — 485 36 1,865 Customers 295 122 (149) — — (3) 3 268 Debt instruments 134 206 (28) 28 — 17 9 366 Equity instruments 505 206 (74) 99 — 471 24 1,231 Financial assets at fair value through other comprehensive income 6,220 5,681 (6,588) — (228) (241) 3 4,847 Loans and advances 4,791 5,597 (6,298) — (37) (173) — 3,880 Debt instruments 206 75 (25) — (43) (68) 1 146 Equity instruments 1,223 9 (265) — (148) — 2 821 TOTAL ASSETS 8,543 6,410 (7,083) (65) (228) 66 24 7,667 Financial liabilities held for trading 295 85 (42) (138) — (21) (19) 160 Trading derivatives 295 85 (42) (138) — (21) (19) 160 Swaps 81 4 (10) (36) — 3 2 44 Exchange rate options 1 2 — 4 — — — 7 Interest rate options 49 26 (19) (8) — — (22) 26 Index and securities options 97 23 (5) (27) — (22) 1 67 Securities and interest rate futures 2 — (2) — — — — — Others 65 30 (6) (71) — (2) — 16 Financial liabilities designated at fair value through profit or loss 610 143 — — — (289) 5 469 TOTAL LIABILITIES 905 228 (42) (138) — (310) (14) 629 01/01/2020 Changes 31/12/2020 EUR million Fair value Purchases Sales/Settlements Changes in Changes in Level Other Fair value Financial assets held for trading 598 52 (98) 330 — (45) (97) 740 Debt instruments 65 7 (27) 1 — — (39) 7 Equity instruments — 3 — — — — — 3 Trading derivatives 533 42 (71) 329 — (45) (58) 730 Swaps 182 — (8) 116 — (8) (10) 272 Exchange rate options 8 — — 15 — — (1) 22 Interest rate options 177 15 (12) 61 — — — 241 Index and securities options 95 25 (43) 85 — (38) (30) 94 Other 71 2 (8) 52 — 1 (17) 101 Financial assets at fair value through profit or loss 664 280 (45) 17 — (91) (176) 649 Credit entities 50 164 — (1) — (50) — 163 Loans and advances to customers 32 — (15) 3 — — (1) 19 Debt instruments 582 116 (30) 15 — (41) (175) 467 Non-trading financial assets mandatorily at fair value through profit or loss 1,601 120 (292) (36) — (119) (340) 934 Loans and advances to customers 376 104 (136) 12 — (30) (31) 295 Debt instruments 675 — (144) (63) — 2 (336) 134 Equity instruments 550 16 (12) 15 — (91) 27 505 Financial assets at fair value through other comprehensive income 3,788 8,795 (7,616) — (390) 571 1,072 6,220 TOTAL ASSETS 6,651 9,247 (8,051) 311 (390) 316 459 8,543 Financial liabilities held for trading 290 40 (14) 130 — (96) (55) 295 Trading derivatives 290 40 (14) 130 — (96) (55) 295 Swaps 115 8 — (7) — (26) (9) 81 Exchange rate options 1 — — 2 — — (2) 1 Interest rate options 34 11 (2) 6 — — — 49 Index and securities options 88 21 (8) 95 — (70) (29) 97 Securities and interest rate futures 2 — — — — — — 2 Others 50 — (4) 34 — — (15) 65 Financial liabilities designated at fair value through profit or loss 784 4 (3) (12) — (32) (131) 610 TOTAL LIABILITIES 1,074 44 (17) 118 — (128) (186) 905 01/01/2019 Changes 31/12/2019 EUR million Fair value Purchases/ Issuances Sales/Settlements Changes in Changes in Level Other Fair value Financial assets held for trading 738 142 (80) 115 — (317) — 598 Debt instruments and equity instruments 153 34 (38) 4 — (88) — 65 Trading derivatives 585 108 (42) 111 — (229) — 533 Swaps 185 10 (14) 22 — (20) (1) 182 Exchange rate options 2 — — 6 — — — 8 Interest rate options 149 — (5) 33 — — — 177 Index and securities options 198 48 (18) 50 — (182) (1) 95 Other 51 50 (5) — — (27) 2 71 Hedging derivatives (Assets) 21 — — — — (21) — — Swaps 21 — — — — (21) — — Financial assets designated at fair value through profit or loss 876 55 (16) 65 — (261) (55) 664 Credit entities 201 — — — — (151) — 50 Loans and advances to customers 560 20 (9) (1) — (496) (42) 32 Debt instruments 115 35 (7) 66 — 386 (13) 582 Non-trading financial assets mandatorily at fair value through profit or loss 1,403 426 (325) 81 — — 16 1,601 Loans and advances to customers 460 126 (252) 21 — — 21 376 Debt instruments 481 199 (7) (10) — — 12 675 Equity instruments 462 101 (66) 70 — — (17) 550 Financial assets at fair value through other comprehensive income 1,435 4,424 (1,698) — (190) (252) 69 3,788 TOTAL ASSETS 4,473 5,047 (2,119) 261 (190) (851) 30 6,651 Financial liabilities held for trading 289 136 (12) 45 — (164) (4) 290 Trading derivatives 289 136 (12) 45 — (164) (4) 290 Swaps 111 6 (5) (17) — 20 — 115 Exchange rate options 7 1 — — — (7) — 1 Interest rate options 26 — — 8 — — — 34 Index and securities options 143 79 (7) 51 — (177) (1) 88 Securities and interest rate futures — 3 — — — — (1) 2 Other 2 47 — 3 — — (2) 50 Hedging derivatives (Liabilities) 6 — — — — (6) — — Swaps 6 — — — — (6) — — Financial liabilities designated at fair value through profit or loss 147 298 (5) 31 — 313 — 784 TOTAL LIABILITIES 442 434 (17) 76 — 143 (4) 1,074 |
Schedule of financial assets and liabilities offset in consolidated balance sheets | Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2021, 2020 and 2019: 31 December 2021 EUR million Assets Gross amount Gross amount Net amount Derivatives 101,485 (42,432) 59,053 Reverse repurchase agreements 72,023 (13,917) 58,106 Total 173,508 (56,349) 117,159 31 December 2020 EUR million Assets Gross amount Gross amount Net amount Derivatives 136,437 (60,975) 75,462 Reverse repurchase agreements 82,865 (16,078) 66,787 Total 219,302 (77,053) 142,249 31 December 2019 EUR million Assets Gross amount Gross amount Net amount Derivatives 126,389 (55,776) 70,613 Reverse repurchase agreements 89,465 (5,168) 84,297 Total 215,854 (60,944) 154,910 31 December 2021 EUR million Liabilities Gross amount Gross amount Net amount Derivatives 101,461 (42,432) 59,029 Reverse repurchase agreements 73,424 (13,916) 59,508 Total 174,885 (56,348) 118,537 31 December 2020 EUR million Liabilities Gross amount Gross amount Net amount Derivatives 132,313 (60,975) 71,338 Reverse repurchase agreements 77,925 (16,078) 61,847 Total 210,238 (77,053) 133,185 31 December 2019 EUR million Liabilities Gross amount Gross amount Net amount Derivatives 124,840 (55,776) 69,064 Reverse repurchase agreements 81,087 (5,168) 75,919 Total 205,927 (60,944) 144,983 |
Criteria used to determine if a financial instrument has increased credit risk | In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in stage 2, the Group considers the following criteria: Quantitative criteria Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition. With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units. Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in note 53, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio. Qualitative criteria In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.). |
Schedule of tangible asset depreciation rates | The period tangible asset depreciation charge is recognised in the consolidated income statement and is calculated using the following depreciation rates (based on the average years of estimated useful life of the various assets): Average Buildings for own use 2.7 % Furniture 8.5 % Fixtures 8.5 % Office and IT equipment 23.8 % Lease use rights Less than the lease |
Grupo Santander (Tables)
Grupo Santander (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about business combination [abstract] | |
List of offshore territories where Group has presence | The Group's presence in offshore territories at the end of 2021 is as follows: Presence of the Group in non-cooperative jurisdictions Spanish legislation OECD European Commission Blacklist Sub. Branch Sub. Branch Sub. Branch Jersey 1 1 Isle of Man 1 Guernsey* Bermuda* Cayman Islands 1 2021 1 3 — — — — 2020 2 3 — — — — * Additionally, there are 2 entities constituted in Guernsey (1 in liquidation) and 1 in Bermuda, but resident for tax purposes in the United Kingdom. |
Distribution of Banco Santand_2
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Shareholder remuneration system and earnings per share | |
Distribution of the Bank's net profit | The distribution of the Bank's net profit against the results for 2021, that the board of directors will propose for approval by the shareholders at the annual general meeting is as follows: EUR million To dividends 1,701 Dividend paid prior to the meeting date* 836 Complementary dividend** 865 To voluntary reserves*** 2,231 Net profit for the year 3,932 * Total amount paid as interim dividend, at the rate of EUR 4.85 fixed cents per eligible share (recorded in 'Shareholders' equity - Interim dividends'). ** Fixed dividend of EUR 5.15 gross cents per eligible share, payable in cash as from 2 May 2022. The total amount has been estimated on the assumption that, after the implementation of the second buy-back programme announced on 24 February 2022, the number of the Bank's outstanding shares eligible for the dividend will be 16,804,353,202. *** Estimated amount corresponding to a final dividend of EUR 865 million. To be increased or reduced by the same amount by which the final dividend is lower or higher, respectively, than that amount. |
Earnings per share basic and diluted | i. Basic earnings / loss per share Basic earnings/loss per share are calculated by dividing the net profit attributable to the Group, adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity (see note 23) and the capital perpetual preference shares, if applicable, by the weighted average number of ordinary shares outstanding during that period, excluding the average number of own shares held through that period. Accordingly: 2021 2020 2019 Profit (Loss) attributable to the Parent (EUR million) 8,124 (8,771) 6,515 Remuneration of contingently convertible preference shares (CCP) (EUR million) (note 23) (566) (552) (595) 7,558 (9,323) 5,920 Of which: Profit (Loss) from discontinued operations (non controlling interest net) (EUR million) — — — Profit (Loss) from continuing operations (PPC net) 7,558 (9,323) 5,920 Weighted average number of shares outstanding 17,272,055,430 17,316,288,908 16,348,415,883 Impact factor correction* Not applicable Not applicable 710,800,691 Adjusted number of shares 17,272,055,430 17,316,288,908 17,059,216,574 Basic earnings (Loss) per share (euros) 0.438 (0.538) 0.347 Of which, from discounted operations (euros) — — — Basic earnings (Loss) per share from continuing operations (euros) 0.438 (0.538) 0.347 * Correction factor for the capital increase released on 3 December 2020 (see notes 1.d and 31.a). ii. Diluted earnings / loss per share Diluted earnings/loss per share are calculated by dividing the net profit attributable to the Group, adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity (see note 23) and the capital perpetual preference shares, if applicable, by the weighted average number of ordinary shares outstanding during the year, excluding the average number of treasury shares and adjusted for all the dilutive effects inherent to potential ordinary shares (share options, and convertible debt instruments). Accordingly, diluted earnings/loss per share were determined as follows: 2021 2020 2019 Profit (Loss) attributable to the Parent (EUR million) 8,124 (8,771) 6,515 Remuneration of contingently convertible preference shares (CCP) (EUR million) (Note 23) (566) (552) (595) Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares — — — 7,558 (9,323) 5,920 Of which: Profit (Loss) from discontinued operations (net of non-controlling interests) (EUR million) — — — Profit (Loss) from continuing operations (net of non-controlling interests and CCP) (EUR million) 7,558 (9,323) 5,920 Weighted average number of shares outstanding 17,272,055,430 17,316,288,908 16,348,415,883 Dilutive effect of options/rights on shares 48,972,459 Not applicable 35,891,644 Impact factor correction* Not applicable Not applicable 712,361,197 Adjusted number of shares 17,321,027,889 17,316,288,908 17,096,668,724 Diluted earnings (Loss) per share (euros) 0.436 (0.538) 0.346 Of which, from discounted operations (euros) — — — Diluted earnings (Loss) per share from continuing operations (euros) 0.436 (0.538) 0.346 |
Remuneration and other benefi_2
Remuneration and other benefits paid to the Bank’s directors and senior managers (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Related party transactions key personnel | |
Summary of key personnel in Banco Santander (Brasil) remuneration | In addition to the EUR 750,000 Sergio Rial received as Regional head for South America, he was paid the following amounts as CEO of Santander Brasil (additionally, in the following table, it is also disclosed the variable subject to long-term objectives at 70% of fair value): 2021 BRL thousand EUR thousand Base salary 12,645 1,985 Other fixed benefits 47 7 Pensions 7,350 1,153 Variable remuneration immediately payable and deferred (not linked to long-term objectives) 26,600 4,018 Total 46,642 7,163 EUR thousand 2021 2020 Variable subject to Long-term In cash In shares Total Total Sergio Rial 791 791 1,582 1,311 |
Deferred variable compensation plans | |
Related party transactions key personnel | |
Schedule summarising shares assigned for deferred variable remuneration plans | Share-based variable remuneration Maximum number of shares to be delivered at January 1,2020 Shares delivered in 2020 (immediate payment 2019 variable remuneration) Shares delivered in 2020 (deferred payment 2018 variable remuneration) Shares delivered in 2020 (deferred payment 2017 variable remuneration) Shares delivered in 2020 (deferred payment 2016 variable remuneration) Variable remuneration 2020 (Maximum number of shares to be delivered) 2015 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 128,809 — — — — — Mr José Antonio Álvarez Álvarez 85,620 — — — — — 214,429 2016 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 216,308 — — — (72,102) — Mr José Antonio Álvarez Álvarez 145,998 — — — (48,667) — 362,306 (120,769) 2017 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 275,700 — — (68,925) — — Mr José Antonio Álvarez Álvarez 184,377 — — (46,094) — — 460,077 (115,019) 2018 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 516,519 — (103,304) — — — Mr José Antonio Álvarez Álvarez 345,161 — (69,032) — — — 861,680 (172,336) 2019 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea 887,193 (354,877) — — — — Mr José Antonio Álvarez Álvarez 592,915 (237,166) — — — — 1,480,108 (592,043) 2020 variable remuneration Ms Ana Botín-Sanz de Sautuola y O’Shea — — — — — 310,615 Mr José Antonio Álvarez Álvarez — — — — — 168,715 Mr Sergio Rial 2 — — — — — 355,263 834,593 2021 variable remuneration 1 Ms Ana Botín-Sanz de Sautuola y O’Shea — — — — — — Mr José Antonio Álvarez Álvarez — — — — — — Mr Sergio Rial 2 — — — — — — 1. For each director, 40% of the shares indicated correspond to the short-term variable (or immediate payment). The remaining 60% is deferred for delivery, where appropriate, by fifths in the next five years, the last three being subject to the fulfilment of multiannual objectives. 2. Mr. Sergio Rial's share-based variable remuneration awarded in shares of Banco Santander (Brasil). He has the right to a maximum of 51,483 Santander shares and 269,148 options over Santander shares for his participation in the 2019 Digital Transformation Award. Maximum number of shares to be delivered at December 31, 2020 Instruments matured but not consolidated at January 1, 2021 Shares delivered in 2021 (immediate payment 2020 variable remuneration) Shares delivered in 2021 (deferred payment 2019 variable remuneration) Shares delivered in 2021 (deferred payment 2018 variable remuneration) Shares delivered in 2021 (deferred payment 2017 variable remuneration) Shares delivered in 2021 (deferred payment 2016 variable remuneration) Variable remuneration 2021 (Maximum number of shares to be delivered) Maximum number of shares to be delivered at December 31, 2021 128,809 — — — — — — — 128,809 85,620 — — — — — — — 85,620 214,429 214,429 144,206 (34,177) — — — — (72,102) — 37,927 97,331 (23,067) — — — — (48,667) — 25,597 241,537 (57,244) (120,769) 63,524 206,775 (112,692) — — — (68,925) — — 25,158 138,283 (75,364) — — — (46,094) — — 16,825 345,058 (188,057) (115,019) 41,983 413,215 — — (103,304) — — — 309,911 276,129 — — (69,032) — — — 207,097 689,344 (172,336) 517,008 532,316 — — (106,463) — — — — 425,853 355,749 — — (71,150) — — — — 284,599 888,065 (177,613) 710,452 310,615 — (124,246) — — — — — 186,369 168,715 — (67,486) — — — — — 101,229 355,263 — (142,105) — — — — — 213,158 834,593 (333,837) 500,756 — — — — — — — 1,480,622 1,480,622 — — — — — — — 999,259 999,259 — — — — — — — 625,000 625,000 3,104,881 3,104,881 |
Directors | |
Related party transactions key personnel | |
Schedule summarising annual emolument | The annual amounts received individually by the directors in 2021 and 2020 based on the positions held by them on the board and their membership of the board committees were as follows: 2021 2020 Amount per director in euros 1 Jan to 31 Mar 1 Apr to 31 Dec Members of the board of directors 90,000 22,500 49,500 Members of the executive committee 170,000 42,500 93,500 Members of the audit committee 40,000 10,000 22,000 Members of the appointments committee 25,000 6,250 13,750 Members of the remuneration committee 25,000 6,250 13,750 Members of the risk supervision, regulation and compliance committee 40,000 10,000 22,000 Members of the responsible banking, sustainability and culture committee 15,000 3,750 8,250 Members of the innovation and technology committee 25,000 — — Chairman of the audit committee 70,000 17,500 38,500 Chairman of the appointments committee 50,000 12,500 27,500 Chairman of the remuneration committee 50,000 12,500 27,500 Chairman of the risk supervision, regulation and compliance committee 70,000 17,500 38,500 Chairman of the responsible banking, sustainability and culture committee 50,000 12,500 27,500 Chairman of the innovation and technology committee 70,000 — — Lead director* 110,000 27,500 60,500 Non-executive vice chairmen 30,000 7,500 16,500 * Mr. Bruce Carnegie-Brown, in view of the positions held on the board and its committees, in particular as chairman of the appointments and remuneration committees and as coordinating director, and the time and dedication required to properly perform such positions, has been assigned a minimum total annual remuneration of EUR 700,000 since 2015, including the annual allowance for the items corresponding to him of those indicated above and attendance fees. However, in line with the decision taken by the board of directors to reduce his fees by 20% with effect from April 1, 2020 to 31 December, which is shared by Mr. Bruce Carnegie-Brown, the same reduction was applied to this amount. Accordingly, the amount assigned for 2020 was EUR 595,000. |
Schedule summarising attendance fees | The fees for 2021 and 2020 are as follows: 2021 2020 Attendance fees per director per meeting in euros 1 Jan to 31 Mar 1 Apr to 31 Dec Board of directors 2,600 2,600 2,080 Audit committee and risk supervision, regulation and compliance committee 1,700 1,700 1,360 Other committees (excluding executive committee) 1,500 1,500 1,200 |
Schedule summarising short-term remuneration (excluding remuneration subject to long-term objectives) | The detail, by bank director, of the short-term (immediate) and deferred (not subject to long-term goals) remuneration for 2021 and 2020 is provided below: EUR thousand 2021 Bylaw-stipulated emoluments Annual emolument Board M Executive committee Audit committee Appointments committee Remuneration committee Risk supervision, regulation and compliance oversight committee Responsible banking, sustainability and culture committee Innovation and technology committee Attendance fees and commissions Ana Botín 90 170 — — — — — 25 45 José Antonio Álvarez 90 170 — — — — — 25 45 Bruce Carnegie-Brown 276 170 — 75 75 — — 25 80 Homaira Akbari 90 — 40 — — — 15 25 78 Javier Botín A 90 — — — — — — — 39 Álvaro Cardoso B 90 — — — — 28 15 — 50 R.Martín Chávez C 90 — — 25 25 40 — 95 99 Sol Daurella 90 — — 25 25 — 15 — 84 Henrique de Castro D 90 — 40 — 25 — — 25 87 Gina Díez E 90 — — 1 — — — — 39 Luis Isasi F 90 170 — — 25 40 — — 81 Ramiro Mato 90 170 40 — — 40 65 — 94 Sergio Rial G 90 — — — — — — — 39 Belén Romana 90 170 40 — — 93 15 25 100 Pamela Walkden H 90 — 110 — — 27 — — 76 Rodrigo Echenique I — — — — — — — — — Ignacio Benjumea J — — — — — — — — — Guillermo de la Dehesa K — — — — — — — — — Esther Giménez-Salinas L — — — — — — — — — Total 2021 1,536 1,020 270 126 175 268 125 245 1,035 Total 2020 1,303 915 208 133 138 252 135 — 1,066 A. All amounts received were reimbursed to Fundación Botín. B. Director since 1 April 2018. C. Director since 27 October 2020. D. Director since 17 July 2019. E. Director since 22 December 2020. F. Director since 19 May 2020. G. Executive director since 30 May 2020. H. Director since 29 October 2019. I. Stepped down as executive director on 30 April 2019. Non-executive director from 1 May 2019 to 22 December 2020. J. Stepped down as director on 5 May 2020. K. Stepped down as director on 3 April 2020. L. Stepped down as director on 27 October 2020. M Also includes emoluments for other roles in the board. 2021 2020 Short-term and deferred (not subject to long-term goals) salaries of executive directors Fixed Variable - immediate payment Deferred variable In cash In shares In cash In shares Total Pension contribution Other remuneration Total Total Ana Botín 3,176 1,838 1,839 1,103 1,103 9,059 1,041 1,006 11,436 6,819 José Antonio Álvarez 2,541 1,241 1,240 744 745 6,511 783 1,536 9,160 6,019 Bruce Carnegie-Brown — — — — — — — — 700 595 Homaira Akbari — — — — — — — — 248 203 Javier Botín A — — — — — — — — 129 122 Álvaro Cardoso B — — — — — — — — 183 243 R.Martín Chávez C — — — — — — — — 374 37 Sol Daurella — — — — — — — — 239 214 Henrique de Castro D — — — — — — — — 267 217 Gina Díez E — — — — — — — — 130 4 Luis Isasi F — — — — — — — 1,000 1,406 943 Ramiro Mato — — — — — — — — 499 431 Sergio Rial G 750 — — — — 750 — — 879 63 Belén Romana — — — — — — — — 533 418 Pamela Walkden H — — — — — — — — 303 214 Rodrigo Echenique I — — — — — — — — — 1,956 Ignacio Benjumea J — — — — — — — — — 276 Guillermo de la Dehesa K — — — — — — — — — 107 Esther Giménez-Salinas L — — — — — — — — — 192 Total 2021 6,467 3,079 3,079 1,847 1,848 16,320 1,824 3,542 26,486 — Total 2020 5,717 514 515 308 309 7,363 2,019 5,537 — 19,073 Footnotes in previous table. |
Schedule summarising remuneration related to multi-annual variable objectives | Following is the detail, by executive director, of the salaries linked to multi-year objectives at their fair value, which will only be received if the conditions of permanence in the group, non-applicability of malus clauses and achievement of the established objectives are met (or, as the case may be, of the minimum thresholds thereof, with the consequent reduction of amount agreed-upon at the end of the year) in the terms described in Note 46. EUR thousand 2021 2020 Variable subject to Long-term 1 In cash In shares Total Total Ana Botín 1,158 1,158 2,316 420 José Antonio Álvarez 782 782 1,563 228 Total 1,940 1,940 3,880 648 1. Corresponds with the fair value of the maximum amount they are entitled to in a total of 3 years: 2025, 2026 and 2027, subject to conditions of continued service, with the exceptions provided, and to the non-applicability of malus clauses and achievement of the objectives established. |
Schedule summarising remuneration related to provisions for retirement pensions and supplementary benefits | The provisions recognised in 2021 and 2020 for retirement pensions and supplementary benefits (surviving spouse and child benefits, and permanent disability) were as follows: EUR thousand 2021 2020 Ana Botín 1,041 1,155 José Antonio Álvarez 783 864 Total 1,825 2,019 |
Schedule summarising remuneration related to welfare system | Following is a detail of the balances relating to each of the executive directors under the welfare system as of 31 December 2021 and 2020: EUR thousand 2021 2020 Ana Botín 48,075 49,444 José Antonio Álvarez 18,821 18,082 Total 66,896 67,526 |
Schedule summarising remuneration related to life and disability insurance | Also, the following table provides information on the sums insured for the Bank’s executive directors: Insured capital EUR thousand 2021 2020 Ana Botín 21,489 21,984 José Antonio Álvarez 18,028 18,703 Total 39,517 40,687 |
Schedule summarising the cash paid for awards | In addition, the table below shows the cash delivered in 2021 and 2020, by way of either immediate payment or deferred payment, in the latter case once the Board had determined, at the proposal of the remuneration committee, that one-fifth relating to each plan had accrued: EUR thousand 2021 2020 Cash paid (immediate payment 2020 variable remuneration) Cash paid (deferred payments from 2019, 2018, 2017 and 2016 variable remuneration) Cash paid (immediate payment 2019 variable remuneration) Cash paid (deferred payments from 2018, 2017, 2016 and 2015 variable remuneration) Ms. Ana Botín-Sanz de Sautuola y O’Shea 334 1,550 1,302 1,383 Mr. José Antonio Álvarez Álvarez 181 1,037 870 925 Total 515 2,586 2,172 2,308 |
Schedule of exposure to risk | Grupo Santander’s direct risk exposure to the bank’s directors and the guarantees provided for them are detailed below. These transactions were made on terms equivalent to those that prevail in arm’s-length transactions or the related compensation in kind was recognized: EUR thousand 2021 2020 Loans and credits Guarantees Total Loans and credits Guarantees Total Mrs Ana Botín-Sanz de Sautuola y O´Shea 25 — 25 14 — 14 Mr José Antonio Álvarez Álvarez 4 — 4 5 — 5 Mr Bruce Carnegie-Brown — — — — — — Mr Javier Botín-Sanz de Sautuola y O´Shea 16 — 16 2 — 2 Mrs Sol Daurella Comadrán 69 — 69 22 — 22 Mrs Belén Romana García — — — — — — Mr Ramiro Mato García-Ansorena — — — — — — Mrs Homaira Akbari — — — — — — Mr Álvaro Cardoso de Souza — — — — — — Mr Henrique de Castro — — — — — — Mrs Pamela Ann Walkden — — — — — — Mr Luis Isasi Fernández de Bobadilla — — — — — — Mr Sergio Agapito Lires Rial 1 — 1 — — — Mr R. Martín Chávez Márquez — — — — — — Mrs Gina Lorenza Díez Barroso — — — 6 — 6 115 — 115 49 — 49 |
Current senior managers | |
Related party transactions key personnel | |
Schedule summarising short-term remuneration (excluding remuneration subject to long-term objectives) | The table below includes the amounts relating to the short-term remuneration of the members of senior management at 31 December 2021 and those at 31 December 2020, excluding the remuneration of the executive directors, which is detailed above: EUR thousand Short-term salaries and deferred remuneration Variable remuneration (bonus) - Immediate payment Deferred variable remuneration Year Number of Fixed In cash In shares 2 In cash In shares 3 Pensions Other 1 Total 2021 15 19,183 8,402 8,402 3,648 3,648 5,542 5,055 53,880 2020 18 21,642 5,739 5,740 2,470 2,471 6,039 6,312 50,413 1. Includes other remuneration items such as life and medical insurance premiums and localization aids. 2. The amount of immediate payment in shares for 2021 is 2,706,819 shares (2,135,700 Santander shares in 2020). 3. The deferred amount in shares not linked to long-term objectives for 2021 is 1,175,191 shares (919,308 Santander shares in 2020). |
Schedule summarising remuneration related to multi-annual variable objectives | Also, the detail of the breakdown of the remuneration linked to long-term objectives of the members of senior management at 31 December 2021 and 31 December 2020 is provided below. These remuneration payments shall be received, as the case may be, in the corresponding deferral periods, upon achievement of the conditions stipulated for each payment (see note 46): EUR thousand Variable remuneration subject to long-term objectives 1 Year Number of people Cash Share Total 2021 15 3,830 3,830 7,660 2020 18 2,594 2,594 5,188 1. Relates to the fair value of the maximum annual amounts for years 2025, 2026 and 2027 of the sixth cycle of the deferred conditional variable remuneration plan (2024, 2025 and 2026 for the fifth cycle of the deferred variable compensation plan linked to annual objectives for the year 2020). |
Schedule summarising shares assigned for deferred variable remuneration plans | The maximum number of Santander shares that the members of senior management at each plan grant date (excluding executive directors) were entitled to receive as of 31 December 2021 and 31 December 2020 relating to the deferred portion under the various plans then in force is the following (see note 46): Maximum number of shares to be delivered 2021 2020 Deferred conditional variable remuneration plan (2015) — 179,617 Deferred conditional variable remuneration plan (2017) — 2,786 Deferred conditional variable remuneration plan (2018) 3,475 6,949 Deferred conditional variable remuneration plan and linked to objectives (2016) 150,445 417,818 Deferred conditional variable remuneration plan and linked to objectives (2017) 164,428 791,360 Deferred conditional variable remuneration plan and linked to objectives (2018) 803,056 1,512,992 Deferred conditional variable remuneration plan and linked to objectives (2019) 1,274,450 2,154,312 Deferred conditional variable remuneration plan and linked to objectives (2020) 1,829,720 — |
Former directors of the bank | |
Related party transactions key personnel | |
Schedule summarising shares assigned for deferred variable remuneration plans | The chart below includes information on the maximum number of shares to which former members of the Board of Directors who ceased in office prior to 1 January 2020 are entitled for their participation in the various deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to the years in which they were Executive Directors. Also set forth below is information on the deliveries, whether in shares or in cash, made in 2021 and 2020 to former board members, upon achievement of the conditions for the receipt thereof (see note 46): MAXIMUM NUMBER OF SHARES TO BE DELIVERED 2021 2020 Deferred conditional variable remuneration plan (2015) — 60,847 Deferred conditional variable remuneration plan and linked to objectives (2016) 60,251 65,502 Deferred conditional variable remuneration plan and linked to objectives (2017) 64,659 47,956 Deferred conditional variable remuneration plan and linked to objectives (2018) 164,462 — Deferred conditional variable remuneration plan and linked to objectives (2019) 130,790 — NUMBER OF SHARES DELIVERED 2021 2020 Deferred conditional variable remuneration plan (2015) 92,557 60,847 Performance shares plan ILP (2015) — — Deferred conditional variable remuneration plan and linked to objectives (2016) 60,254 32,751 Deferred conditional variable remuneration plan and linked to objectives (2017) 32,330 35,132 Deferred conditional variable remuneration plan and linked to objectives (2018) 54,821 — Deferred conditional variable remuneration plan and linked to objectives (2019) 32,698 — |
Executive vicepresident | |
Related party transactions key personnel | |
Schedule summarising shares assigned for deferred variable remuneration plans | Since the conditions established in the corresponding deferred share-based remuneration schemes for prior years had been met, the following number of Santander shares was delivered in 2021 and 2020 to the senior management, in addition to the payment of the related cash amounts: Number of shares delivered 2021 2020 Deferred conditional variable remuneration plan (2015) 146,930 179,614 Deferred conditional variable remuneration plan (2017) 2,786 2,786 Deferred conditional variable remuneration plan (2018) 3,474 3,474 Deferred conditional variable remuneration plan and linked to objectives (2016) 131,938 170,185 Deferred conditional variable remuneration plan and linked to objectives (2017) 79,104 219,363 Deferred conditional variable remuneration plan and linked to objectives (2018) 267,686 342,884 Deferred conditional variable remuneration plan and linked to objectives (2019) 321,006 — Deferred conditional variable remuneration plan and linked to objectives (2020) 1,742,419 — |
Loans and advances to central_2
Loans and advances to central banks and credit institutions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Loans and advances to central banks and credit institutions | |
Loans and advances to banks and credit institutions | The detail, by classification, type and currency, of Loans and advances to central banks and credit institutions in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 CENTRAL BANKS Classification Financial assets held for trading 3,608 — — Non-trading financial assets mandatorily at — — — Financial assets designated at fair value through profit or loss — 9,481 6,473 Financial assets designated at fair value — — — Financial assets at amortised cost 15,657 12,499 18,474 19,265 21,980 24,947 Type Time deposits 13,275 11,757 17,533 Reverse repurchase agreements 5,990 10,223 7,414 Impaired assets — — — Valuation adjustments for impairment — — — 19,265 21,980 24,947 CREDIT INSTITUTIONS Classification Financial assets held for trading 10,397 3 — Non-trading financial assets mandatorily at — — — Financial assets designated at fair value through profit or loss 3,152 12,136 21,649 Financial assets designated at fair value — — — Financial assets at amortised cost 39,169 37,838 40,943 52,718 49,977 62,592 Type Time deposits 10,684 7,338 9,699 Reverse repurchase agreements 18,853 20,862 31,180 Non- loans advances 23,188 21,784 21,726 Impaired assets 1 1 1 Valuation adjustments for impairment (8) (8) (14) 52,718 49,977 62,592 CURRENCY Euro 24,286 22,260 32,248 Pound sterling 3,228 4,127 3,659 US dollar 12,639 13,209 14,442 Brazilian real 24,011 26,437 30,919 Other currencies 7,819 5,924 6,271 TOTAL 71,983 71,957 87,539 |
Debt Instruments (Tables)
Debt Instruments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Instruments | |
Schedule of debt instruments | The detail, by classification, type and currency, of Debt instruments in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Classification Financial assets held for trading 26,750 37,894 32,041 Non-trading financial assets mandatorily at fair value through profit or loss 957 700 1,175 Financial assets designated at fair value through profit or loss 2,516 2,979 3,186 Financial assets designated at fair value through other comprehensive income 97,922 108,903 118,405 Financial assets at amortised cost 35,708 26,078 29,789 163,853 176,554 184,596 Type Spanish government debt securities 20,638 30,397 42,054 Foreign government debt securities 102,976 110,570 107,434 Issued by financial institutions 12,324 10,133 9,670 Other fixed-income securities 27,850 25,337 25,265 Impaired financial assets 280 401 647 Impairment losses (215) (284) (474) 163,853 176,554 184,596 Currency Euro 45,197 58,850 70,357 Pound sterling 6,304 7,372 15,713 US dollar 34,229 29,009 29,846 Brazilian real 35,907 35,139 38,316 Other currencies 42,431 46,468 30,838 Debt securities excluding impairment adjustments 164,068 176,838 185,070 Impairment losses (215) (284) (474) 163,853 176,554 184,596 |
Schedule of debt instruments by origin of issuer | The breakdown, by origin of the issuer, of debt instruments at 31 December 2021, 2020 and 2019, net of impairment losses, is as follows: EUR million 2021 2020 2019 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Spain 3,773 20,638 24,411 14.90 % 1,588 30,397 31,985 18.12 % 3,634 42,054 45,688 24.75 % United Kingdom 3,334 2,097 5,431 3.31 % 3,099 2,795 5,894 3.34 % 3,806 11,479 15,285 8.28 % Portugal 3,008 3,845 6,853 4.18 % 3,095 6,462 9,557 5.41 % 2,979 7,563 10,542 5.71 % Italy 1,215 1,531 2,746 1.68 % 1,047 4,688 5,735 3.25 % 1,384 3,620 5,004 2.71 % Ireland 4,759 52 4,811 2.94 % 2,924 2 2,926 1.66 % 2,387 2 2,389 1.29 % Poland 2,848 12,727 15,575 9.51 % 3,126 11,400 14,526 8.23 % 460 9,361 9,821 5.32 % Other European countries 8,922 3,422 12,344 7.53 % 8,211 2,891 11,102 6.29 % 7,186 1,784 8,970 4.86 % United States 5,634 21,465 27,099 16.54 % 6,386 14,645 21,031 11.91 % 5,915 15,609 21,524 11.66 % Brazil 5,446 29,251 34,697 21.18 % 5,179 33,316 38,495 21.80 % 5,808 35,036 40,844 22.13 % Mexico 517 14,572 15,089 9.21 % 435 19,053 19,488 11.04 % 708 13,234 13,942 7.55 % Chile 51 9,467 9,518 5.81 % 41 8,082 8,123 4.60 % 50 4,819 4,869 2.64 % Other American countries 655 2,128 2,783 1.70 % 274 3,098 3,372 1.91 % 605 1,095 1,700 0.92 % Rest of the world 77 2,419 2,496 1.52 % 182 4,138 4,320 2.44 % 186 3,832 4,018 2.18 % 40,239 123,614 163,853 100 % 35,587 140,967 176,554 100 % 35,108 149,488 184,596 100 % |
Schedule of debt instruments by issuer rating | Following are the main aggregates relating to credit risk from our activities with customers: MAIN CREDIT RISK PERFORMANCE METRICS FROM ACTIVITY WITH CUSTOMERS* December data Credit risk with customers ** Credit impaired loans NPL ratio (%) 2021 2020 2019 2021 2020 2019 2021 2020 2019 Europe 636,123 606,997 605,969 19,822 20,272 21,054 3.12 3.34 3.47 Spain 283,953 272,154 260,251 13,403 14,053 15,047 4.72 5.16 5.78 UK 262,869 252,255 264,297 3,766 3,138 2,736 1.43 1.24 1.04 Portugal 41,941 40,693 37,978 1,442 1,584 1,834 3.44 3.89 4.83 Poland 33,497 31,578 33,566 1,210 1,496 1,447 3.61 4.74 4.31 North America 149,792 131,626 143,839 3,632 2,938 3,165 2.42 2.23 2.20 US 112,808 99,135 105,792 2,624 2,025 2,331 2.33 2.04 2.20 Mexico 36,984 32,476 38,047 1,009 913 834 2.73 2.81 2.19 South America 141,874 129,590 143,428 6,387 5,688 6,972 4.50 4.39 4.86 Brazil 85,702 74,712 88,893 4,182 3,429 4,727 4.88 4.59 5.32 Chile 41,479 42,826 42,000 1,838 2,051 1,947 4.43 4.79 4.64 Argentina 5,481 4,418 5,044 198 93 171 3.61 2.11 3.39 Digital Consumer Bank 117,049 116,381 117,399 2,490 2,525 2,470 2.13 2.17 2.10 Corporate Centre 6,277 4,862 5,872 903 344 138 14.38 7.08 2.34 Total Group 1,051,115 989,456 1,016,507 33,234 31,767 33,799 3.16 3.21 3.32 * Management perimeter according to the reported segments. The Corporate & Investment Banking branches of Banco Santander, S.A. in Europe and other business lines previously reported under 'Other Europe' have been included into the Spain unit. ** Includes gross lending to customers, guarantees and documentary credits. |
Schedule of changes in impairment losses on debt instruments | The changes in 'Financial assets at fair value through other comprehensive income' were as follows: EUR million 2021 2020 2019 Balance at beginning of the year 2,783 2,863 2,671 Net additions (disposals) (276) 833 177 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)* (171) (917) (29) Changes in the RV hedged with micro-hedging transactions 117 4 44 Balance at end of year 2,453 2,783 2,863 * They do not include fair value movements for currency risk hedged with hedging instruments. |
Debt instruments | |
Debt Instruments | |
Schedule of debt instruments by issuer rating | The detail, by issuer rating, of Debt instruments at 31 December 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % Private fixed-income Public fixed-income Total % AAA 15,956 1,773 17,729 10.82 % 14,088 2,099 16,187 9.17 % 14,737 1,085 15,822 8.57 % AA 2,005 26,355 28,360 17.31 % 1,714 18,784 20,498 11.61 % 5,133 28,325 33,458 18.13 % A 8,594 44,359 52,953 32.32 % 6,228 53,655 59,883 33.92 % 3,238 59,744 62,982 34.12 % BBB 5,234 20,304 25,538 15.59 % 6,515 31,204 37,719 21.36 % 4,889 24,766 29,655 16.06 % Below BBB 3,584 30,823 34,407 21.00 % 3,431 35,164 38,595 21.86 % 1,244 35,466 36,710 19.89 % Unrated 4,866 — 4,866 2.97 % 3,611 61 3,672 2.08 % 5,867 102 5,969 3.23 % 40,239 123,614 163,853 100 % 35,587 140,967 176,554 100 % 35,108 149,488 184,596 100 % |
Schedule of changes in impairment losses on debt instruments | The changes in the impairment losses on debt instruments are summarised below: EUR million 2021 2020 2019 Balance at beginning of year 284 474 635 Net impairment losses for the year* 28 79 (170) Of which: Impairment losses charged to income 49 91 77 Impairment losses reversed with a credit to income (21) (12) (247) Exchange differences and other items (97) (269) 9 Balance at end of year 215 284 474 Of which: By geographical location of risk: European Union 25 21 14 Latin America 190 263 460 * Of the EUR 28 million corresponding to net provisions for the year ended 31 December 2021 (EUR 79 million and EUR -170 million at 31 December 2020 and 2019, respectively), EUR 31 million relates to financial assets at amortized cost (EUR 77 million and EUR -176 million at 31 December 2020 and 2019, respectively) and EUR -3 million relates to financial assets designated at fair value through other comprehensive income (EUR 2 million and EUR 6 million at 31 December 2020 and 2019, respectively). |
Private fixed income | |
Debt Instruments | |
Schedule of debt instruments | The detail, by type of financial instrument, of private fixed-income securities at 31 December 2021, 2020 and 2019, net of impairment losses, is as follows: EUR million 2021 2020 2019 Securitised mortgage bonds 5,806 5,926 5,494 Other asset-backed bonds 6,304 5,479 6,388 Floating rate debt 8,081 7,829 10,348 Fixed rate debt 20,048 16,353 12,878 Total 40,239 35,587 35,108 |
Equity Instrument (Tables)
Equity Instrument (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity Instruments Abstract | |
Detail, by classification and type, of Equity instruments | The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Classification Financial assets held for trading 15,077 9,615 12,437 Non-trading financial assets mandatorily at fair value through profit or loss 4,042 3,234 3,350 Financial assets designated at fair value through other comprehensive income 2,453 2,783 2,863 21,572 15,632 18,650 Type Shares of Spanish companies 3,896 3,364 3,711 Shares of foreign companies 15,184 10,437 12,682 Shares of investment funds 2,492 1,831 2,257 21,572 15,632 18,650 |
Schedule of changes in loss allowance and gross carrying amount | The changes in 'Financial assets at fair value through other comprehensive income' were as follows: EUR million 2021 2020 2019 Balance at beginning of the year 2,783 2,863 2,671 Net additions (disposals) (276) 833 177 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)* (171) (917) (29) Changes in the RV hedged with micro-hedging transactions 117 4 44 Balance at end of year 2,453 2,783 2,863 * They do not include fair value movements for currency risk hedged with hedging instruments. |
Trading derivatives (assets a_2
Trading derivatives (assets and liabilities) and short positions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Trading Derivatives And Short Positions [Abstract] | |
Schedule by type of inherent risk of fair value of trading derivatives | The detail, by type of inherent risk, of the fair value of the trading derivatives arranged by the Group is as follows (see note 11): EUR million 2021 2020 2019 Debit balance Credit balance Debit balance Credit balance Debit balance Credit balance Interest rate risk 31,884 30,192 43,832 41,085 42,614 40,956 Currency risk 19,823 21,894 21,162 22,028 18,085 19,870 Price risk 1,498 891 1,931 944 2,329 1,772 Other risks 1,087 589 212 412 369 418 54,292 53,566 67,137 64,469 63,397 63,016 |
Schedule of short positions (liabilities) | Following is a breakdown of the short positions (liabilities): EUR million 2021 2020 2019 Borrowed securities Debt instruments 825 625 390 Of which: Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 825 625 390 Equity instruments 389 289 393 Of which: Banco Santander, S.A. 318 289 308 Short sales Debt instruments 11,022 15,784 13,340 Of which: Banco Santander, S.A. 8,926 8,645 7,980 Banco Santander (Brasil) S.A. 1,952 7,085 5,194 12,236 16,698 14,123 |
Loans and advances to customer
Loans and advances to customer (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Loans And Advances To Customers Line Items | |
Schedule of detail, by classification, of loans and advances to customers | The detail, by classification, of Loans and advances to customers in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Financial assets held for trading 6,829 296 355 Non-trading financial assets mandatorily at fair value through 537 552 386 Financial assets designated at fair value through profit or loss 10,289 24,121 30,761 Financial assets at fair value through other comprehensive income 7,663 9,267 4,440 Financial assets at amortized cost 947,364 881,963 906,276 Of which: Impairment losses (22,964) (23,595) (22,242) 972,682 916,199 942,218 Loans and advances to customers disregarding impairment losses 995,646 939,794 964,460 |
Schedule of the breakdown of loans and advances to customers | Following is a breakdown of the loans and advances granted to the Group's customers, which reflect the Group's exposure to credit risk in its main activity, without considering the balance of value adjustments for impairment, taking into account the type and situation of the transactions, the geographical area of their residence and the type of interest rate on the transactions: EUR million 2021 2020 2019 Loan type and status Commercial credit 49,603 37,459 37,753 Secured loans 542,404 503,014 513,929 Reverse repurchase agreements 33,264 35,702 45,703 Other term loans 269,526 269,143 267,154 Finance leases 38,503 36,251 35,788 Receivable on demand 10,304 7,903 7,714 Credit cards receivables 20,397 19,507 23,876 Impaired assets 31,645 30,815 32,543 995,646 939,794 964,460 Geographical area Spain 216,741 215,330 204,810 European Union (excluding Spain)* 190,032 192,988 460,338 United States and Puerto Rico 102,491 93,405 100,152 Other OECD countries* 374,729 338,362 86,327 South America (non - OECD) 94,010 79,629 92,145 Rest of the world 17,643 20,080 20,688 995,646 939,794 964,460 Interest rate formula Fixed rate 593,645 550,883 546,619 Floating rate 402,001 388,911 417,841 995,646 939,794 964,460 * The amounts referring to the years 2021 and 2020 for the United Kingdom have been considered in the line Other OECD countries, instead of in the line European Union (excluding Spain) due to the leaving of the United Kingdom from the European Union. |
Schedule of loans and advances to customers in detail by activity | Following is a detail, by activity, of the loans to customers at 31 December 2021, net of impairment losses: EUR million Secured loans Net exposure Loan-to-value ratio*** Total Without Of which Of which Less than or equal to 40% More More More More than 100% Public sector 22,152 21,359 180 613 68 81 26 608 10 Other financial institutions (financial business activity) 70,348 27,770 2,612 39,966 2,532 1,868 1,585 35,871 722 Non-financial corporations and individual entrepreneurs (non-financial business activity) (broken down by purpose) 323,475 182,711 60,112 80,652 24,034 21,064 18,461 57,321 19,884 Of which: Construction and property development 18,936 2,349 9,778 6,809 5,357 4,821 1,695 3,555 1,159 Civil engineering construction 3,061 1,818 219 1,024 108 149 167 688 131 Large companies 174,191 116,018 19,655 38,518 7,789 5,111 5,365 31,122 8,786 SMEs and individual entrepreneurs 127,287 62,526 30,460 34,301 10,780 10,983 11,234 21,956 9,808 Households – other (broken down by purpose) 540,339 96,351 360,447 83,541 98,463 117,198 138,456 55,419 34,452 Of which: Residential 353,623 2,257 350,651 715 91,428 110,574 121,400 24,007 3,957 Consumer loans 167,760 91,829 1,403 74,528 2,927 3,938 13,083 26,721 29,262 Other purposes 18,956 2,265 8,393 8,298 4,108 2,686 3,973 4,691 1,233 Total* 956,314 328,191 423,351 204,772 125,097 140,211 158,528 149,219 55,068 Memorandum item Refinanced and restructured transactions** 27,781 11,975 11,222 4,584 3,856 2,237 4,678 2,442 2,593 * In addition, the Group has granted advances to customers amounting to E UR 16,368 millio n, bri nging the total of loans and advances to EUR 972,682 million. ** Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk. *** The ratio is the carrying amount of the transactions at 31 December 2021 provided by the latest available appraisal value of the collateral. |
Schedule of movement of gross exposure by impairment stage | Following is the movement of the gross exposure broken down by impairment stage of loans and advances to customers recognised under "Financial assets at amortised cost" and “Financial assets at fair value through other comprehensive income” during 2021, 2020 and 2019: 2021 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 817,906 66,104 30,318 914,328 Movements Transfers To stage 2 from stage 1 (33,051) 33,051 — To stage 3 from stage 1 (6,617) 6,617 — To stage 3 from stage 2 (5,836) 5,836 — To stage 1 from stage 2 17,796 (17,796) — To stage 2 from stage 3 1,865 (1,865) — To stage 1 from stage 3 271 (271) — Net changes on financial assets 62,629 (11,629) (719) 50,281 Write-offs — — (9,089) (9,089) Exchange differences and others 19,766 1,825 460 22,051 Balance at the end of the year 878,700 67,584 31,287 977,571 2020 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 849,939 50,476 31,837 932,252 Movements Transfers To stage 2 from stage 1 (43,170) 43,170 — To stage 3 from stage 1 (5,120) 5,120 — To stage 3 from stage 2 (8,734) 8,734 — To stage 1 from stage 2 13,459 (13,459) — To stage 2 from stage 3 1,831 (1,831) — To stage 1 from stage 3 578 (578) — Net changes on financial assets 53,555 (2,951) (659) 49,945 Write-offs — — (8,930) (8,930) Exchange differences and others (51,335) (4,229) (3,375) (58,939) Balance at the end of the year 817,906 66,104 30,318 914,328 2019 EUR million Stage 1 Stage 2 Stage 3 Total Balance at the beginning of year 795,829 52,183 33,461 881,473 Movements Transfers To stage 2 from stage 1 (28,369) 28,369 — To stage 3 from stage 1 (4,101) 4,101 — To stage 3 from stage 2 (13,240) 13,240 — To stage 1 from stage 2 12,436 (12,436) — To stage 2 from stage 3 2,439 (2,439) — To stage 1 from stage 3 488 (488) — Net changes on financial assets 61,581 (8,092) (3,608) 49,881 Write-offs — — (12,593) (12,593) Exchange differences and others 12,075 1,253 163 13,491 Balance at the end of the year 849,939 50,476 31,837 932,252 |
Schedule of impairment loss and allowance for loans and advances to customers | The changes in the impairment losses on the assets making up the balances of financial assets at amortised cost and at fair value through other comprehensive income - Loans and advances - Customers: EUR million 2021 2020 2019 Amount at beginning of the year 23,595 22,242 23,307 Impairment losses charged to income for the year 8,762 13,385 11,108 Of which: Impairment losses charged to profit or loss 18,240 20,909 19,192 Impairment losses reversed with a credit to profit or loss (9,478) (7,524) (8,084) Change of perimeter — (82) — Write-off of impaired balances against recorded impairment allowance (9,089) (8,930) (12,593) Exchange differences and other changes (304) (3,020) 420 Amount at end of the year 22,964 23,595 22,242 Which correspond to: Impaired assets 13,550 13,658 13,933 Other assets 9,414 9,937 8,309 Of which: Individually calculated 2,496 2,679 3,555 Collective calculated 20,468 20,916 18,687 |
Schedule of changes in loss allowance and gross carrying amount | The changes in 'Financial assets at fair value through other comprehensive income' were as follows: EUR million 2021 2020 2019 Balance at beginning of the year 2,783 2,863 2,671 Net additions (disposals) (276) 833 177 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)* (171) (917) (29) Changes in the RV hedged with micro-hedging transactions 117 4 44 Balance at end of year 2,453 2,783 2,863 * They do not include fair value movements for currency risk hedged with hedging instruments. |
Schedule of changes in the impairment losses for loans and advances to customers | The detail of the changes in the balance of the financial assets classified as 'Financial assets Loans to customers' considered to be impaired due to credit risk is as follows: EUR million 2021 2020 2019 Balance at beginning of year 30,815 32,543 34,218 Net additions 9,390 10,577 10,755 Written-off assets (9,089) (8,930) (12,593) Changes in the scope of consolidation — (39) — Exchange differences and other 529 (3,336) 163 Balance at end of year 31,645 30,815 32,543 |
Schedule of financial assets impaired, by geographical location and age | Set forth below for each class of impaired asset are the gross amount, associated allowances and information relating to the collateral and/or other credit enhancements obtained at 31 December 2021: EUR million Gross Allowance recognised Estimated collateral Without associated real collateral 13,327 7,416 — With real estate collateral 12,907 3,540 9,054 With other collateral 5,411 2,594 2,317 Total 31,645 13,550 11,371 * Including the estimated value of the collateral associated with each loan. Accordingly, any other cash flows that may be obtained, such as those arising from borrowers’ personal guarantees, are not included. |
Schedule of the breakdown of the securitized loans, by type of original financial instrument, and of the securitized loans derecognized because the stipulated requirements were met | The breakdown of securitized loans held on the balance sheet, according to the nature of the financial instrument in which they are originated, is shown below: EUR million 2021 2020 2019 Retained on the balance sheet 80,600 88,662 93,553 Of which Securitised mortgage assets 19,523 30,145 31,868 Of which: UK assets 5,295 9,034 13,002 Other securitised assets 61,077 58,517 61,685 Total* 80,600 88,662 93,553 * Note 22 details the liabilities associated with these securitisation transactions. |
Financial assets at amortized cost | |
Loans And Advances To Customers Line Items | |
Schedule of changes in loss allowance and gross carrying amount | Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2021, 2020 and 2019: 2021 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 4,265 5,672 13,658 23,595 Transfers To stage 2 from stage 1 (578) 2,968 2,390 To stage 3 from stage 1 (237) 2,209 1,972 To stage 3 from stage 2 (1,086) 2,474 1,388 To stage 1 from stage 2 254 (1,025) (771) To stage 2 from stage 3 216 (760) (544) To stage 1 from stage 3 8 (67) (59) Net changes of the exposure and modifications in the credit risk 617 (1,557) 5,326 4,386 Write-offs — — (9,089) (9,089) FX and other movements (141) 38 (201) (304) Loss allowance at the end of the year 4,188 5,226 13,550 22,964 2020 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 3,835 4,474 13,933 22,242 Transfers To stage 2 from stage 1 (1,040) 2,880 1,840 To stage 3 from stage 1 (255) 2,386 2,131 To stage 3 from stage 2 (971) 2,066 1,095 To stage 1 from stage 2 294 (976) (682) To stage 2 from stage 3 303 (727) (424) To stage 1 from stage 3 53 (138) (85) Net changes of the exposure and modifications in the credit risk 1,966 535 7,009 9,510 Write-offs — — (8,930) (8,930) FX and other movements (588) (573) (1,941) (3,102) Loss allowance at the end of the year 4,265 5,672 13,658 23,595 2019 EUR million Stage 1 Stage 2 Stage 3 Total Loss allowance at the beginning of the year 3,658 4,743 14,906 23,307 Transfers To stage 2 from stage 1 (964) 3,235 2,271 To stage 3 from stage 1 (214) 1,296 1,082 To stage 3 from stage 2 (3,065) 5,612 2,547 To stage 1 from stage 2 301 (1,048) (747) To stage 2 from stage 3 381 (817) (436) To stage 1 from stage 3 29 (123) (94) Net changes of the exposure and modifications in the credit risk 1,119 (182) 5,548 6,485 Write-offs — — (12,593) (12,593) FX and other movements (94) 410 104 420 Loss allowance at the end of the year 3,835 4,474 13,933 22,242 |
Trading derivatives (Tables)
Trading derivatives (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Derivatives [Abstract] | |
Schedule of fair value of derivatives by type of risk | The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Notional amount Market Notional amount Market Notional amount Market Trading derivatives Interest rate risk Forward rate agreements 147,603 (11) 515,889 — 218,252 (8) Interest rate swaps 3,920,945 1,931 3,789,169 3,638 4,322,199 2,573 Options, futures and other derivatives 508,723 (228) 698,500 (891) 794,140 (907) Credit risk Credit default swaps 13,571 436 12,378 (133) 23,701 (71) Foreign currency risk Foreign currency purchases and sales 329,781 (664) 304,280 (45) 325,720 (441) Foreign currency options 49,680 (114) 45,074 (7) 44,763 (182) Currency swaps 430,644 (1,293) 394,178 (814) 379,176 (1,162) Securities and commodities derivatives and other 69,850 669 70,861 920 61,966 579 Total 5,470,797 726 5,830,329 2,668 6,169,917 381 |
Non-current assets (Tables)
Non-current assets (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Non-current assets held for sale | |
Schedule of non-current assets | The detail of Non-current assets held for sale in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Tangible assets 4,089 4,445 4,588 Of which: Foreclosed assets 3,651 4,081 4,485 Of which property assets in Spain* 3,120 3,485 3,667 Other tangible assets held for sale 438 364 103 Other assets — — 13 Total 4,089 4,445 4,601 * During 2019, the sale of real estate assets to Cerberus from foreclosures materialized, generating losses of EUR 180 million. |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Investments | |
Summary of investments by company | The detail, by company, of Investments is as follows: EUR million 2021 2020 2019 Associated entities 5,833 6,130 7,447 Merlin Properties, SOCIMI, S.A. 1,640 1,581 1,511 Metrovacesa, S.A. 1,087 1,157 1,226 Caceis (note 3) 975 1,077 1,010 Zurich Santander Insurance 826 955 1,009 CNP Santander 418 439 402 Ebury Partners Limited (note 3) 394 388 — Popular Spain Holding de Inversiones, S.L.U. (former Allianz Popular, S.L.) (note 3) — — 409 Project Quasar Investment 2017 S.L.* — — 1,351 Other companies 493 533 529 Joint Ventures entities 1,692 1,492 1,325 Santander Vida Seguros y Reaseguros, S.A. (note 3) 378 381 170 Santander Caceis Latam Holding 1, S.L. - Consolidated (previously Santander Securites Services Latam Holding, S.L) 334 326 349 U.C.I., S.A. - Consolidated 228 168 206 Fortune Auto Finance Co., ltd 222 172 155 Hyundai Capital UK Limited 201 151 135 Banco RCI Brasil S.A. 92 88 116 Other companies 237 206 194 Total Associated entities and Joint ventures 7,525 7,622 8,772 * At 31 December 2021 and 2020, the Group did not hold significant influence over this company, despite holding a 49% interest in it, since it did not meet any of the requirements established in the Standard by which an entity is considered to exercise significant influence over another. |
Summary of goodwill of the main investments in joint ventures and associates | Below is a breakdown of the Goodwill of the main investments in joint ventures and associates included in the balance of this heading: EUR million 2021 2020 2019 Goodwill 1,723 1,862 2,043 Of which: Zurich Santander Insurance America, S.L. - Consolidated 526 526 526 Caceis 337 337 466 |
Summary of changes in investments | The changes in the investments were as follows: EUR million 2021 2020 2019 Balance at beginning of year 7,622 8,772 7,588 Acquisitions (disposals) of companies and capital increases (reductions) 94 676 (123) Of which: Ebury Partners Limited (note 3) — 409 — Santander Vida Seguros y Reaseguros, S.A. (note 3) — 219 — Changes in the consolidation method (note 3) — (1,359) 1,368 Of which: Project Quasar Investments 2017, S.L. — (956) — Popular Spain Holding de Inversiones, S.L.U. (former Allianz Popular, S.L.) (note 3) — (409) — Caceis — — 1,010 Santander CACEIS Latam Holding 1, S.L. - Consolidado (former Santander Securities Services Latam Holding, S.L.) — — 349 Effect of equity accounting 432 (96) 324 Dividends distributed and reimbursements of share premium (662) (186) (407) Of which: Zurich Santander Insurance America S.L. - Consolidated (230) (80) (158) Caceis (144) — — CNP Santander (60) — (37) Metrovacesa, S.A. (60) — (25) Santander Vida Seguros y Reaseguros, S.A.- Consolidado (31) (37) (29) Merlin Properties, SOCIMI, S.A. (52) (17) (53) Popular Spain Holding de Inversiones, S.L.U. (former Allianz Popular, S.L.) (note 3) — — (52) Other global result (13) (1) 5 Exchange differences and other changes 52 (184) 17 Balance at end of year 7,525 7,622 8,772 |
Summary of financial information on the main associates and joint ventures | A summary of the financial information at the end of December 2021 of the main associates and joint ventures (obtained from the information available at the date of preparation of the consolidated financial statements) is shown below: EUR million Associates Joint ventures Merlin Properties, SOCIMI, S.A.* Metrovacesa, S.A.* Caceis Zurich Santander Insurance América, S.L. - Consolidated CNP Santander Ebury Partners Limited (note 3)** Santander Caceis Latam Holding, S.L. - Consolidated U.C.I., S.A. - Consolidated Hyundai Capital UK Limited Fortune Auto Finance Co., LTD Santander Vida Seguros y Reaseguros, S.A.- Consolidated (note 3) Banco RCI Brasil S.A. Current assets 416 2,452 51,995 704 155 688 151 368 1,837 670 112 5 Non current assets 13,062 475 70,137 12,785 2,174 93 385 10,963 2,501 2,511 1,666 1,694 Total assets 13,478 2,927 122,132 13,489 2,329 781 536 11,331 4,338 3,181 1,778 1,699 Current liabilities 180 485 7,708 259 19 768 124 55 1,619 34 193 50 Non current liabilities 6,602 262 110,259 12,441 1,878 28 9 10,856 2,317 2,702 932 1,408 Total liabilities 6,782 747 117,967 12,700 1,897 796 133 10,911 3,936 2,736 1,125 1,458 Attributable profit for the period 56 (164) 187 291 86 (69) 39 6 79 61 76 25 Other accumulated comprehensive income (16) — 24 (675) 2 1 (288) (11) 5 25 1 (228) Rest of equity 6,656 2,344 3,954 1,173 344 53 652 425 318 359 576 444 Total Equity 6,696 2,180 4,165 789 432 (15) 403 420 402 445 653 241 Total liabilities and equity 13,478 2,927 122,132 13,489 2,329 781 536 11,331 4,338 3,181 1,778 1,699 — — — — — — — — — — — — Ordinary activities income 417 150 2,196 3,841 785 124 115 239 845 278 763 165 Profit (loss) from continuing operations 56 (164) 187 291 86 (69) 39 6 79 61 76 25 Profit (loss) for the year from discontinuing operations — — — — — — — — — — — — * Data as of 31 December 2020, latest accounts available. ** Data as of 30 April 2021, latest accounts available. |
Insurance contracts linked to_2
Insurance contracts linked to pensions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of types of insurance contracts [abstract] | |
Schedule of insurance contracts linked to pensions | The detail of Insurance contracts linked to pensions in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Assets relating to insurance contracts covering post-employment benefit plan obligations: Banco Santander, S.A. 149 174 192 149 174 192 |
Liabilities and assets under _2
Liabilities and assets under insurance contracts and reinsurance assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [abstract] | |
Schedule of liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets | The detail of Liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets (see note 2.j) is as follows: EUR million 2021 2020 2019 Technical provisions for: Direct insurance and reinsurance assumed Reinsurance Total Direct Reinsurance Total Direct Reinsurance Total Unearned premiums and unexpired risks 56 (50) 6 51 (45) 6 59 (52) 7 Life insurance 209 (150) 59 189 (137) 52 206 (151) 55 Unearned premiums and risks 146 (130) 16 126 (122) 4 139 (132) 7 Mathematical provisions 63 (20) 43 63 (15) 48 67 (19) 48 Claims outstanding 451 (55) 396 561 (59) 502 399 (55) 344 Bonuses and rebates 20 (11) 9 23 (11) 12 22 (10) 12 Other technical provisions 34 (17) 17 86 (9) 77 53 (24) 29 770 (283) 487 910 (261) 649 739 (292) 447 |
Tangible assets (Tables)
Tangible assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Tangible assets | |
Changes in tangible assets in the consolidated balance sheets | The changes in Tangible assets in the consolidated balance sheets were as follows: EUR million Tangible assets Of which: For own use Leased out under Investment Total For own use Leased out under Investment Total Cost Balances at 1 January 2019 25,428 25,087 2,378 52,893 6,693 — — 6,693 Additions / disposals (net) due to change in the scope of consolidation (5) — (15) (20) — — — — Additions / disposals (net) 1,863 3,148 (310) 4,701 (997) — — (997) Transfers, exchange differences and other items (178) (3,781) (603) (4,562) (10) — — (10) Balance at 31 December 2019 27,108 24,454 1,450 53,012 5,686 — — 5,686 Additions / disposals (net) due to change in the scope of consolidation (16) 1,082 7 1,073 (37) — — (37) Additions / disposals (net) 827 512 (29) 1,310 (1,339) * — — (1,339) Transfers, exchange differences and other items (3,023) (1,844) 32 (4,835) (362) — — (362) Balance at 31 December 2020 24,896 24,204 1,460 50,560 3,948 — — 3,948 Additions / disposals (net) due to change in the scope of consolidation 66 (257) — (191) 1 — — 1 Additions / disposals (net) 781 (1,076) (64) (359) 96 * — — 96 Transfers, exchange differences and other items (214) 1,552 141 1,479 384 — — 384 Balance at 31 December 2021 25,529 24,423 1,537 51,489 4,429 — — 4,429 Accumulated depreciation Balances at 1 January 2019 (10,524) (8,404) (199) (19,127) — — — — Disposals due to change in the scope of consolidation 3 — 6 9 — — — — Disposals 356 2,149 32 2,537 37 — — 37 Charge for the year (2,021) — (14) (2,035) (807) — — (807) Transfers, exchange differences and other items 212 1,045 31 1,288 5 — — 5 Balance at 31 December 2019 (11,974) (5,210) (144) (17,328) (765) — — (765) Disposals due to change in the scope of consolidation (40) — — (40) (3) — — (3) Disposals 527 2,387 11 2,925 167 — — 167 Charge for the year (1,906) — (8) (1,914) (706) — — (706) Transfers, exchange differences and other items 1,850 (2,762) 8 (904) 90 — — 90 Balance at 31 December 2020 (11,543) (5,585) (133) (17,261) (1,217) — — (1,217) Disposals due to change in the scope of consolidation (1) 40 — 39 — — — — Disposals 733 3,390 3 4,126 44 — — 44 Charge for the year (1,733) — (10) (1,743) (612) — — (612) Transfers, exchange differences and other items 529 (3,083) (9) (2,563) (4) — — (4) Balance at 31 December 2021 (12,015) (5,238) (149) (17,402) (1,789) — — (1,789) * Includes contract extensions on operating leases and repurchases. EUR million Tangible assets Of which: For own use Leased out under Investment Total For own use Leased out under Investment Total Impairment losses Balances at 1 January 2019 (61) (239) (616) (916) — — — — Impairment charge for the year (14) (12) (36) (62) — — — — Releases 8 6 3 17 — — — — Disposals due to change in the scope of consolidation — — — — — — — — Exchange differences and other (26) 222 316 512 — — — — Balances at 31 December 2019 (93) (23) (333) (449) — — — — Impairment charge for the year (104) (70) (11) (185) (4) — — (4) Releases 4 2 5 11 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 20 — 3 23 — — — — Exchange differences and other 33 31 (28) 36 (6) — — (6) Balances at 31 December 2020 (140) (60) (364) (564) (9) — — (9) Impairment charge for the year (144) (17) (8) (169) (13) — — (13) Releases 10 4 5 19 1 — — 1 Disposals due to change in the scope of consolidation — — — — — — — — Disposals 61 — 3 64 7 — — 7 Exchange differences and other (42) (29) (44) (115) (1) — — (1) Balances at 31 December 2021 (255) (102) (408) (765) (15) — — (15) Tangible assets, net Balances at 31 December 2019 15,041 19,221 973 35,235 4,921 — — 4,921 Balances at 31 December 2020 13,213 18,559 963 32,735 2,722 — — 2,722 Balances at 31 December 2021 13,259 19,083 979 33,321 2,625 — — 2,625 |
Disclosure of maturity analysis of operating lease payments | In addition, the maturity analysis of the payments for assets leased out under operating leases from Santander Consumer USA Holdings Inc. is as follows: EUR million 2021 Maturity Analysis 2022 3,030 2023 3,814 2024 5,644 2025 872 |
Property, plant and equipment for own use | |
Tangible assets | |
Detail by class of asset of property, plant and equipment -for own use in the consolidated balance sheets | The detail, by class of asset, of 'Property, plant and equipment' which is owned by the Group in the consolidated balance sheets is as follows: EUR million Tangible assets for own use Of which: Cost Accumulated Impairment Carrying Land and buildings 13,972 (2,889) (93) 10,990 4,908 IT equipment and fixtures 5,995 (4,808) — 1,187 2 Furniture and vehicles 6,952 (4,216) — 2,736 11 Construction in progress and other items 189 (61) — 128 — Balances at 31 December 2019 27,108 (11,974) (93) 15,041 4,921 Land and buildings 13,081 (3,215) (133) 9,733 2,716 IT equipment and fixtures 5,562 (4,416) — 1,146 1 Furniture and vehicles 6,085 (3,854) — 2,231 5 Construction in progress and other items 168 (58) (7) 103 — Balances at 31 December 2020 24,896 (11,543) (140) 13,213 2,722 Land and buildings 13,855 (3,675) (240) 9,940 2,570 IT equipment and fixtures 5,543 (4,335) — 1,208 42 Furniture and vehicles 5,982 (3,954) — 2,028 12 Construction in progress and other items 149 (51) (15) 83 — Balances at 31 December 2021 25,529 (12,015) (255) 13,259 2,625 |
Intangible assets - Goodwill (T
Intangible assets - Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of reconciliation of changes in goodwill [abstract] | |
Schedules of goodwill and changes in goodwill | The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows: EUR million 2021 2020 2019 Banco Santander (Brasil) 3,219 3,109 4,388 SAM Investment Holdings Limited 1,444 1,444 1,173 Santander Consumer Germany 1,304 1,314 1,236 Santander Bank Polska 1,095 1,104 2,427 Santander Portugal 1,040 1,040 1,040 Santander España 1,027 1,027 1,027 Santander Consumer USA 979 904 2,143 Santander Bank, National Association 643 594 1,828 Santander UK 633 592 7,147 Banco Santander - Chile 516 571 589 Grupo Financiero Santander (México) 435 399 460 Santander Consumer Nordics 224 216 496 Other companies 154 157 292 Total Goodwill 12,713 12,471 24,246 The changes in goodwill were as follows: EUR million 2021 2020 2019 Balance at beginning of year 12,471 24,246 25,466 Additions (note 3) 81 429 41 Of which: SAM Investment Holdings Limited — 271 — Santander España — — 4 Impairment losses (6) (10,100) (1,491) Of which: Santander UK — (6,101) (1,491) Santander Bank Polska — (1,192) — Santander Bank, National Association — (1,177) — Santander Consumer USA — (1,153) — Santander Consumer Nordics — (277) — Disposals or changes in scope of consolidation — — — Exchange differences and other items 167 (2,104) 230 Balance at end of year 12,713 12,471 24,246 |
Schedule of goodwill assumptions | Following is a detail of the main assumptions taken into account in determining the recoverable amount, at 2021 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method: 2021 Projected period Discount rate* Nominal Santander UK 5 years 9.2 % 2.3 % Santander Bank Polska 5 years 10.3 % 3.5 % Santander Consumer USA 3 years 10.6 % 1.5 % Santander Bank, National Association** 5 years 11.6 % 3.0 % Santander Consumer Germany 5 years 8.3 % 1.8 % SAM Investment Holdings, Limited 5 years 10.4 % 2.5 % Santander Portugal 5 years 9.7 % 1.8 % Santander Consumer Nordics 5 years 9.9 % 2.0 % * Post-tax discount rate. ** Weighted information of the main assumptions of the segments to which goodwill has been allocated. The discount and nominal perpetual growth rates taken into account in 2020 and 2019 are presented below for comparison purposes: Discount rate* Nominal 2020 2019 2020 2019 Santander UK 9.5 % 8.5 % 2.3 % 2.5 % Santander Bank Polska 10.0 % 9.2 % 3.5 % 3.5 % Santander Consumer USA 10.7 % 9.5 % 1.5 % 1.5 % Santander Bank, National Association** 11.6 % 9.6 % 2.5 % 3.6 % Santander Consumer Germany 9.0 % 8.2 % 1.8 % 2.5 % SAM Investment Holdings, Limited 10.1 % 10.0 % 2.5 % 2.5 % Santander Portugal 9.8 % 8.9 % 1.8 % 2.0 % Santander Consumer Nordics 10.1 % 8.6 % 2.0 % 2.5 % * Post-tax discount rate. ** Weighted information of the main assumptions of the segments to which goodwill has been allocated. |
Intangible assets - Other int_2
Intangible assets - Other intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [abstract] | |
Schedule of other intangible assets | The detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2021, 2020, and 2019 is as follows: EUR million Estimated 31 December 2020 Net Change in Amortization Application of Exchange 31 December 2021 Cost 9,376 1,409 5 — (293) 215 10,712 Brand names 37 — — — (34) 1 4 IT developments 3 -7 years 7,900 1,325 4 — (212) 172 9,189 Other 1,439 84 1 — (47) 42 1,519 Accumulated amortisation (5,809) — (2) (1,013) 232 (115) (6,707) Development (5,307) — (1) (922) 178 (97) (6,149) Other (502) — (1) (91) 54 (18) (558) Impairment losses (130) — — (65) 61 — (134) Of which addition — — — (65) — — — Liberation — — — — — — — 3,437 1,409 3 (1,078) — 100 3,871 EUR million Estimated 31 December 2019 Net Change in Amortization Application of Exchange 31 December 2020 Cost 9,263 1,451 (33) — (241) (1,064) 9,376 Brand names 42 — — — (5) 37 IT developments 3-7 years 7,945 1,123 (34) (224) (910) 7,900 Other 1,276 328 1 (17) (149) 1,439 Accumulated amortisation (5,686) 35 49 (896) 105 584 (5,809) Development (5,139) — 49 (792) 88 487 (5,307) Other (547) 35 — (104) 17 97 (502) Impairment losses (136) — — (142) 136 12 (130) Of which addition — — — (142) — — — Liberation — — — — — — — 3,441 1,486 16 (1,038) — (468) 3,437 EUR million Estimated 31 December 2018 Net Change in Amortization Application of Exchange 31 December 2019 Cost 8,680 1,377 (41) — (887) 134 9,263 Brand names 36 2 2 — 2 42 IT developments 3-7 years 7,134 1,374 (19) (639) 95 7,945 Other 1,510 1 (24) (248) 37 1,276 Accumulated amortisation (5,432) — 8 (966) 806 (102) (5,686) Development (4,743) — 4 (874) 570 (96) (5,139) Other (689) — 4 (92) 236 (6) (547) Impairment losses (154) — — (73) 81 10 (136) Of which addition — — — (75) — — — Liberation — — — 2 — — — 3,094 1,377 (33) (1,039) — 42 3,441 |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Miscellaneous assets [abstract] | |
Schedule of other assets | The detail of 'Other assets' is as follows: EUR million 2021 2020 2019 Transactions in transit 157 88 157 Net pension plan assets (note 25) 1,990 635 903 Prepayments and accrued income 2,610 2,806 3,129 Other (note 2.n) 3,683 7,362 5,752 8,440 10,891 9,941 |
Deposits from central banks a_2
Deposits from central banks and credit institutions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Deposits from central banks and credit institutions | |
Schedule of deposits from central banks and credit institutions | The detail, by classification, counterparty, type and currency, of Deposits from central banks and 'Deposits from credit institutions' in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 CENTRAL BANKS Classification Financial liabilities held for trading 1,038 — — Financial liabilities designated at fair value through profit or loss 607 2,490 12,854 Financial liabilities at amortized cost 139,757 112,804 62,468 141,402 115,294 75,322 Type Deposits on demand 10 10 5 Time deposits 134,439 108,090 67,424 Reverse repurchase agreements 6,953 7,194 7,893 141,402 115,294 75,322 CREDIT INSTITUTIONS Classification Financial liabilities held for trading 6,488 — — Financial liabilities designated at fair value through profit or loss 1,064 6,765 9,340 Financial liabilities at amortized cost 52,235 62,620 90,501 59,787 69,385 99,841 Type Deposits on demand 6,139 5,727 9,136 Time deposits 37,332 43,308 61,406 Reverse repurchase agreements 16,198 20,179 29,115 Subordinated deposits 118 171 184 59,787 69,385 99,841 Currency Euro 107,908 104,499 79,008 Pound sterling 42,451 23,339 18,129 US dollar 24,012 26,581 53,403 Brazilian real 11,297 12,356 13,022 Other currencies 15,521 17,904 11,601 TOTAL 201,189 184,679 175,163 |
Customer deposits (Tables)
Customer deposits (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Deposits from customers [abstract] | |
Schedule of customer deposits | The detail, by classification, geographical area and type, of Customer deposits is as follows: EUR million 2021 2020 2019 Classification Financial liabilities held for trading 6,141 — — Financial liabilities designated at fair value through profit or loss 25,608 34,343 34,917 Financial liabilities 886,595 814,967 789,448 918,344 849,310 824,365 Geographical area Spain 319,565 294,516 271,103 European Union (excluding Spain)* 112,361 106,013 334,542 United States and Puerto Rico 73,814 59,057 60,011 Other OECD countries* 321,607 306,243 71,235 South America 90,997 83,481 87,474 918,344 849,310 824,365 Type Demand deposits- 717,728 642,897 588,533 Current accounts 482,649 418,752 373,146 Savings accounts 227,318 216,500 208,701 Other demand deposits 7,761 7,645 6,686 Time deposits- 164,259 171,939 196,921 Fixed-term deposits and other term deposits 162,172 170,127 194,163 Home-purchase savings accounts 38 43 44 Discount deposits 3 3 3 Hybrid financial liabilities 1,906 1,743 2,711 Subordinated liabilities 140 23 — Repurchase agreements 36,357 34,474 38,911 918,344 849,310 824,365 * The amounts referring to 2021 and 2020 exercises for the United Kingdom geographical area have been considered in the line Other OECD countries, instead of in the line European Union (excluding Spain) due to the leaving of the United Kingdom from the European Union. |
Marketable debt securities (Tab
Marketable debt securities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Marketable Debt Securities [Abstract] | |
Schedule of marketable securities | The detail, by classification and type, of Marketable debt securities is as follows: EUR million 2021 2020 2019 Classification Financial liabilities — — — Financial liabilities designated 5,454 4,440 3,758 Financial liabilities 240,709 230,829 258,219 246,163 235,269 261,977 Type Bonds and debentures outstanding 194,362 191,577 208,455 Subordinated 25,938 21,686 20,878 Notes and other securities 25,863 22,006 32,644 246,163 235,269 261,977 |
Maturity of subordinated liabilities and debentures | The distribution of the book value of debt securities issued by contractual maturity at 31 December 2021 is shown below: EUR million On Within 1 1 to 3 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — — 49 130 656 6,167 18,936 25,938 Senior unsecured debt — 3,033 3,734 10,621 38,731 26,715 28,600 111,434 Senior secured debt — 1,673 5,271 12,364 33,562 13,340 16,718 82,928 Promissory notes and other securities — 9,201 9,304 7,358 — — — 25,863 Debt securities issued — 13,907 18,358 30,473 72,949 46,222 64,254 246,163 The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2021 is as follows: EUR million On Within 1 1 to 3 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — — 49 129 652 6,128 18,816 25,774 Senior unsecured debt — 3,063 3,771 10,725 39,110 26,976 28,880 112,525 Senior secured debt — 1,663 5,241 12,293 33,369 13,263 16,622 82,451 Promissory notes and other securities — 9,341 9,447 7,471 — — — 26,259 Debt securities issued — 14,067 18,508 30,618 73,131 46,367 64,318 247,009 The analysis of the maturities of lease liabilities at December 2021, 2020 and 2019 is shown below: EUR million 2021 2020 2019 Maturity Analysis - Discounted payments Within 1 year 690 594 766 Between 1 and 3 years 933 981 1,254 Between 3 and 5 years 534 637 875 Later than 5 years 699 837 2,213 Total discounted payments at the end of the year 2,856 3,049 5,108 |
Detail, by currency of issue, of bonds and debentures outstanding | The detail, by currency of issue, of 'Bonds and debentures outstanding' is as follows: 2021 EUR million Currency of issue 2021 2020 2019 Outstanding issue amount in foreign currency (Million) Annual Euro 90,348 89,031 89,008 90,348 1.06% US dollar 66,581 61,174 64,952 75,406 2.39% Pound sterling 13,340 16,569 20,178 11,206 2.13% Brazilian real 9,131 8,398 15,292 57,702 1.99% Chilean peso 3,757 5,624 6,848 3,623,635 5.03% Other currencies 11,205 10,781 12,177 Balance at end of year 194,362 191,577 208,455 |
Changes in Bonds and debentures outstanding | The changes in 'Bonds and debentures outstanding' were as follows: EUR million 2021 2020 2019 Balance at beginning of year 191,577 208,455 195,498 Net inclusion of entities in the Group — 785 — Issues 59,937 54,905 64,184 Of which: Santander Consumer USA Holdings Inc. 15,771 12,246 15,631 Banco Santander (Brasil) S.A. 14,996 11,036 13,227 Banco Santander, S.A. 11,766 10,220 12,066 Santander UK Group Holdings plc 3,372 6,320 4,547 Santander Consumo 4, F.T. 1,531 — — SC Germany S.A. (New Compartment: Consumer 2021-1) 1,496 — — Santander Consumer Finance, S.A. 1,169 2,394 5,150 Banco Santander - Chile 1,158 766 1,644 Santander International Products, Plc. 914 1,588 848 Auto ABS French Lease Master Compartiment 2016 900 300 300 Santander Factoring Sp. z o.o. 819 391 375 PSA Banque France 815 385 1,132 Santander Consumer Bank AS 779 773 1,572 PSA Bank Deutschland GmbH 600 — 1,104 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 541 1,770 577 PSA Financial Services, Spain, E.F.C, S.A. — 605 — Santander Holdings USA, Inc. — 1,269 2,778 SC Germany S.A., Compartment Consumer 2020-1 — 1,800 — SCF Rahoituspalvelut IX DAC — 650 — Santander Consumer Bank AG — 500 750 SCF Rahoituspalvelut VIII DAC — — 799 Redemptions and repurchases (61,846) (62,699) (52,462) Of which: Banco Santander (Brasil) S.A. (15,182) (14,211) (12,817) Santander Consumer USA Holdings Inc. (15,151) (13,959) (14,517) Santander UK Group Holdings plc (14,695) (14,102) (9,115) Santander Consumer Finance, S.A. (3,779) (4,371) (2,550) Banco Santander, S.A. (3,185) (5,991) (3,303) Banco Santander - Chile (1,030) (1,974) (848) Santander Factoring Sp. z o.o. (920) (299) (407) Auto ABS French Lease Master Compartiment 2016 (900) — — Santander Holdings USA, Inc. (778) (1,201) (1,990) PSA Bank Deutschland GmbH (580) — (902) Santander Consumer Bank AS (348) (936) (1,551) Santander International Products, Plc. (345) (324) (722) PSA Banque France (335) (684) — Banco Santander Totta, S.A. (9) (784) (739) Exchange differences and other movements 4,694 (9,869) 1,235 Balance at year-end 194,362 191,577 208,455 |
Information on liabilities secured by financial assets | Set forth below is information on the liabilities secured by assets: EUR million 2021 2020 2019 Asset-backed securities 40,519 35,753 38,616 Of which, mortgage-backed securities 1,487 2,274 3,819 Other mortgage securities 41,779 49,425 50,269 Of which: mortgage-backed bonds 23,197 24,736 24,736 Territorial covered bond 630 869 1,270 82,928 86,047 90,155 |
Information required by Bank of Spain | The information required by Bank of Spain circulars 7/2010 and 5/2011, by application of Royal Decree 716/2009, of 24 April is as follows: EUR million 2021 2020 2019 Face value of the outstanding mortgage loans and credits that support the issuance of mortgage-backed and mortgage bonds pursuant to Royal Decree 716/2009 (excluding securitised bonds) 83,088 76,554 84,720 Of which: Loans eligible to cover issues of mortgage-backed securities 64,896 57,382 59,517 Transfers of assets retained on balance sheet: mortgage-backed certificates and other securitised mortgage assets 11,133 17,610 14,569 |
Subordinated liabilities (Table
Subordinated liabilities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Subordinated liabilities [abstract] | |
Schedule of subordinated liabilities detail, by currency of issue | The detail, by currency of issue, of Subordinated liabilities, deposits and marketable debt securities, in the consolidated balance sheets is as follows: 2021 EUR million Outstanding issue amount in foreign currency (million) Annual interest rate (%) Currency of issue 2021 2020 2019 Euro 13,857 13,570 12,542 13,857 3.52% US dollar 8,236 5,991 6,506 9,328 4.92% Pound sterling 1,535 565 655 1,289 4.36% Brazilian real 879 — — 5,555 9.65% Other currencies 1,689 1,754 1,359 Balance at end of year 26,196 21,880 21,062 |
Schedule of changes in subordinated liabilities | The movement in the balance of subordinated liabilities in the last three years were as follows: EUR million 2021 2020 2019 Balance at beginning of year 21,880 21,062 23,820 Net inclusion of entities in the Group (note 3) — — — Placements 5,340 4,075 1,090 Of which: Banco Santander, S.A. 4,469 3,722 1,056 Banco Santander (Brasil) S.A. 871 — — Banco Santander - Chile — 353 — PSA Bank Deutschland GmbH — — 23 Banca PSA Italia S.p.a. — — 11 Net redemptions and repurchases* (1,500) (2,838) (4,009) Of which: Banco Santander, S.A. (1,500) (1,671) (3,782) Santander UK plc — (740) (16) Santander UK Group Holdings plc — (316) — Santander Bank, National Association — (111) (19) Banco Santander (Brasil) S.A. — — (124) Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México — — (69) Exchange differences and other movements 476 (419) 161 Balance at end of year 26,196 21,880 21,062 * The balance rel ating to issuances, redemptions and repurchases (E UR 3,840 million), together with the interest paid in remuner ation of these issuances including PPCC (EUR 1,184 million), is included in the cash flow from financing activities. |
Other financial liabilities (Ta
Other financial liabilities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Other Financial Liabilities [Abstract] | |
Schedule of other financial liabilities | The detail of Other financial liabilities in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Trade payables 1,475 1,177 1,279 Clearing houses 650 599 165 Tax collection accounts: Public Institutions 5,315 4,122 4,122 Factoring accounts payable 275 222 409 Unsettled financial transactions 3,779 5,080 3,693 Lease liabilities (note 2.l) 2,856 3,049 5,108 Other financial liabilities 15,523 12,719 15,459 29,873 26,968 30,235 |
Maturity of subordinated liabilities and debentures | The distribution of the book value of debt securities issued by contractual maturity at 31 December 2021 is shown below: EUR million On Within 1 1 to 3 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — — 49 130 656 6,167 18,936 25,938 Senior unsecured debt — 3,033 3,734 10,621 38,731 26,715 28,600 111,434 Senior secured debt — 1,673 5,271 12,364 33,562 13,340 16,718 82,928 Promissory notes and other securities — 9,201 9,304 7,358 — — — 25,863 Debt securities issued — 13,907 18,358 30,473 72,949 46,222 64,254 246,163 The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2021 is as follows: EUR million On Within 1 1 to 3 3 to 12 1 to 3 3 to 5 More than 5 Total Subordinated debt — — 49 129 652 6,128 18,816 25,774 Senior unsecured debt — 3,063 3,771 10,725 39,110 26,976 28,880 112,525 Senior secured debt — 1,663 5,241 12,293 33,369 13,263 16,622 82,451 Promissory notes and other securities — 9,341 9,447 7,471 — — — 26,259 Debt securities issued — 14,067 18,508 30,618 73,131 46,367 64,318 247,009 The analysis of the maturities of lease liabilities at December 2021, 2020 and 2019 is shown below: EUR million 2021 2020 2019 Maturity Analysis - Discounted payments Within 1 year 690 594 766 Between 1 and 3 years 933 981 1,254 Between 3 and 5 years 534 637 875 Later than 5 years 699 837 2,213 Total discounted payments at the end of the year 2,856 3,049 5,108 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Non-controlling interests | |
Schedule of details of provisions in the consolidated balance sheet | The detail of Provisions in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Provision for pensions and other obligations post-employments 3,185 3,976 6,358 Other long term employee benefits 1,242 1,751 1,382 Provisions for taxes and other legal contingencies 1,996 2,200 3,057 Provisions for contingent liabilities and commitments (note 2) 733 700 739 Other provisions 2,427 2,225 2,451 Provisions 9,583 10,852 13,987 |
Schedule of changes in provision in the last three years | The changes in 'Provisions' in the last three years were as follows: EUR million 2021 Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Balances at beginning of year 3,976 1,751 700 4,425 10,852 Additions charged to income 100 101 29 2,748 2,978 Interest expense (note 39) 78 13 — — 91 Staff costs (note 47) 67 6 — — 73 Provisions or reversion of provisions (45) 82 29 2,748 2,814 Addition 21 154 473 3,065 3,713 Release (66) (72) (444) (317) (899) Other additions arising from insurance contracts linked to pensions (8) — — — (8) Changes in value recognised in equity (1,705) — — — (1,705) Payments to pensioners and pre-retirees with a charge to internal provisions (201) (605) — — (806) Payments to external funds (440) — — — (440) Amounts used — — — (2,961) (2,961) Transfer, exchange differences and other changes 1,463 (5) 4 211 1,673 Balances at end of year 3,185 1,242 733 4,423 9,583 EUR million 2020 2019 Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Post employment plans Long term employee benefits Contingent liabilities and commitments Other provisions Total Balances at beginning of year 6,358 1,382 739 5,508 13,987 5,558 1,239 779 5,649 13,225 Incorporation of Group companies, net (5) — (1) (2) (8) — (1) — — (1) Additions charged to income (217) 782 50 1,934 2,549 173 729 (31) 2,836 3,707 Interest expense (note 39) 84 11 — — 95 128 17 — — 145 Staff costs (note 47) 69 7 — — 76 65 7 — — 72 Provisions or reversion of provisions (370) 764 50 1,934 2,378 (20) 705 (31) 2,836 3,490 Addition 6 787 490 2,258 3,541 10 713 422 4,276 5,421 Release (376) (23) (440) (324) (1,163) (30) (8) (453) (1,440) (1,931) Other additions arising from insurance contracts linked to pensions 2 — — — 2 4 — — — 4 Changes in value recognised in equity 547 — — — 547 1,520 — — — 1,520 Payments to pensioners and pre-retirees with a charge to internal provisions (303) (408) — — (711) (331) (612) — — (943) Benefits paid due to settlements (1,551) — — — (1,551) — — — — — Insurance premiums paid (1) — — — (1) (1) — — — (1) Payments to external funds (333) — — — (333) (455) — — — (455) Amounts used — — — (2,485) (2,485) — — — (2,907) (2,907) Transfer, exchange differences and other changes (521) (5) (88) (530) (1,144) (110) 27 (9) (70) (162) Balances at end of year 3,976 1,751 700 4,425 10,852 6,358 1,382 739 5,508 13,987 |
Schedule of provision for pensions and similar obligations | The detail of Provisions for pensions and similar obligations is as follows: EUR million 2021 2020 2019 Provisions for post-employment plans - Spanish entities 1,709 1,881 3,951 Provisions for other similar obligations - Spanish entities 1,188 1,695 1,321 Of which pre-retirements 1,176 1,676 1,303 Provisions for post-employment plans - United Kingdom 44 449 329 Provisions for post-employment plans - Other subsidiaries 1,432 1,646 2,078 Provisions for other similar obligations - Other subsidiaries 54 56 61 Provision for pensions and other obligations post -employments and Other long term employee benefits 4,427 5,727 7,740 Of which defined benefits 4,419 5,719 7,731 |
Schedule of other provisions by geographical area and by type of provision | The detail, by geographical area, of Provisions for taxes and other legal contingencies and Other provisions is as follows: EUR million 2021 2020 2019 Recognised by Spanish companies 1,595 1,647 1,381 Recognised by other EU companies 779 539 1,100 Recognised by other companies 2,049 2,239 3,027 Of which: Brazil 1,339 1,475 2,484 4,423 4,425 5,508 The types of provision were determined by grouping together items of a similar nature: EUR million 2021 2020 2019 Provisions for taxes 564 600 759 Provisions for employment-related proceedings (Brazil) 328 437 776 Provisions for other legal proceedings 1,104 1,163 1,522 Provision for customer remediation 745 395 725 Regulatory framework-related provisions 36 69 67 Provision for restructuring 749 810 641 Other 897 951 1,018 4,423 4,425 5,508 |
Spain | |
Non-controlling interests | |
Schedule of actuarial assumptions used to calculate defined benefit obligations | The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques. 1. Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately. 2. Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows: Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Annual discount rate 0.90 % 0.60 % 0.80 % 0.90 % 0.60 % 0.80 % Mortality tables PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PERM/F-2000 PE2020 M/F Col. Orden 1 PE2020 M/F Col. Orden 1 PERM/F-2000 Cumulative annual CPI growth 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % Annual salary increase rate 1.25%* 1.25%* 1.25%* N/A N/A N/A Annual social security pension increase rate 1.00 % 1.00 % 1.00 % N/A N/A N/A Annual benefit increase rate N/A N/A N/A 0 % 0 % 0 % |
Disclosure of expected rate of return assumptions | The fair value of insurance contracts was determined as the present value of the related payment obligations, taking into account the following assumptions: Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Expected rate of return on plan assets 0.90 % 0.60 % 0.80 % 0.90 % 0.60 % 0.80 % Expected rate of return on reimbursement rights 0.90 % 0.60 % 0.80 % N/A N/A N/A |
Schedule of funding status of the defined benefit obligations | The funding status of the defined benefit obligations in 2021 and the two preceding years is as follows: EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Present value of the obligations To current employees 29 60 59 — — — Vested obligations to retired employees 2,797 3,318 5,393 — — — To pre-retirees employees — — — 1,186 1,688 1,317 Long-service bonuses and other benefits — — — 12 18 18 Other 65 41 42 — 1 — 2,891 3,419 5,494 1,198 1,707 1,335 Less - Fair value of plan assets 1,217 1,542 1,547 10 12 14 Provisions - Provisions for pensions 1,674 1,877 3,947 1,188 1,695 1,321 Of which: Internal provisions for pensions 1,560 1,707 3,759 1,188 1,695 1,321 Net pension assets (30) — — — — — Insurance contracts linked to pensions (note 14) 149 174 192 — — — Unrecognised net assets for pensions (5) (4) (4) — — — |
Schedule of defined benefit obligation expenses recognized in the consolidated income statements | The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Current service cost 5 10 12 1 1 1 Interest cost (net) 24 26 53 11 9 15 Expected return on insurance contracts linked to pensions (1) (1) (2) — — — Provisions or reversion of provisions Actuarial (gains)/losses recognised in the year — — — (15) (3) 7 Past service cost 13 2 3 — — 1 Pre-retirement cost — — 1 139 772 687 Other* (39) (372) (29) (55) (15) (2) 2 (335) 38 81 764 709 *Including reduction/settlement effect |
Schedule of status and changes of the defined benefit obligations | The changes in the present value of the accrued defined benefit obligations were as follows: EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Present value of the obligations at beginning of year 3,419 5,494 5,427 1,707 1,335 1,204 Incorporation of Group companies, net 6 — — — — (1) Current service cost 5 10 12 1 1 1 Interest cost 36 39 72 11 9 15 Pre-retirement cost — — 1 139 772 687 Effect of curtailment/settlement (61) (372) (29) (55) (15) (2) Benefits paid (248) (359) (400) (589) (392) (599) Benefits paid due to settlements (166) (1,551) — — — — Past service cost 13 2 3 — — 1 Actuarial (gains)/losses (121) 163 407 (15) (3) 7 Demographic actuarial (gains)/losses 9 91 15 (8) (8) (9) Financial actuarial (gains)/losses (130) 72 392 (7) 5 16 Exchange differences and other items 8 (7) 1 (1) — 22 Present value of the obligations at end of year 2,891 3,419 5,494 1,198 1,707 1,335 |
Schedule of changes in fair value of plan assets | The changes in the fair value of plan assets and of insurance contracts linked to pensions were as follows: Plan Assets EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Fair value of plan assets at beginning of year 1,542 1,547 1,500 12 14 15 Incorporation of Group companies, net 6 — — — — — Expected return on plan assets 12 13 19 — — — Gains/(losses) on settlements (22) — — — — — Benefits paid (263) (94) (108) (2) (2) (2) Contributions/(surrenders) 15 5 8 — — — Actuarial gains/(losses) (76) 76 128 — — — Exchange differences and other items 3 (5) — — — 1 Fair value of plan assets at end of year 1,217 1,542 1,547 10 12 14 |
Schedule of insurance contracts linked to pensions | Insurance Contracts linked to pensions EUR million Post-employment plans Other similar obligations 2021 2020 2019 2021 2020 2019 Fair value of insurance contracts linked to pensions at beginning of year 174 192 210 — — — Incorporation of Group companies, net — — — — — — Expected return on insurance contracts linked to pensions 1 1 2 — — — Benefits paid (19) (21) (24) — — — Paid premiums 1 — — — — — Actuarial gains/(losses) (8) 2 4 — — — Fair value of insurance contracts linked to pensions at end of year 149 174 192 — — — |
Schedule of maturity of estimated benefits payments | The following table shows the estimated benefits payable at 31 December 2021 for the next ten years: EUR million 2022 606 2023 466 2024 402 2025 333 2026 284 2027 to 2031 904 |
United Kingdom | |
Non-controlling interests | |
Schedule of actuarial assumptions used to calculate defined benefit obligations | Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows: 2021 2020 2019 Annual discount rate 1.90% 1.28% 2.11% Mortality tables The S3 Middle The S3 Middle The S3 Middle Cumulative annual CPI growth 3.37% 2.95% 3.01% Annual salary increase rate 1.00% 1.00% 1.00% Annual pension increase rate 3.21% 2.85% 2.91% |
Schedule of funding status of the defined benefit obligations | The funding status of the defined benefit obligations in 2021 and the two preceding years is as follows: EUR million 2021 2020 2019 Present value of the obligations 15,392 15,472 14,297 Less- Fair value of plan assets 17,244 15,575 14,755 Provisions - Provisions for pensions (1,852) (103) (458) Of which: Internal provisions for pensions 44 449 329 Net assets for pensions (1,896) (552) (787) |
Schedule of defined benefit obligation expenses recognized in the consolidated income statements | The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows: EUR million 2021 2020 2019 Current service cost 33 30 27 Interest cost (net) (6) (12) (24) Provisions or reversal of provisions, net Cost of services provided 6 — — Others — (1) — 33 17 3 |
Schedule of status and changes of the defined benefit obligations | The changes in the present value of the accrued defined benefit obligations were as follows: EUR million 2021 2020 2019 Present value of the obligations at beginning of year 15,472 14,297 12,079 Current service cost 33 30 27 Interest cost 219 284 352 Benefits paid (465) (445) (441) Contributions made by employees 18 17 18 Past service cost 6 — — Actuarial (gains)/losses (933) 2,060 1,594 Demographic actuarial (gains)/losses (17) 34 48 Financial actuarial (gains)/losses (916) 2,026 1,546 Exchange differences and other items 1,042 (771) 668 Present value of the obligations at end of year 15,392 15,472 14,297 |
Schedule of changes in fair value of plan assets | The changes in the fair value of the plan assets were as follows: EUR million 2021 2020 2019 Fair value of plan assets at beginning of year 15,575 14,755 12,887 Expected return on plan assets 225 296 376 Benefits paid (463) (443) (441) Contributions 285 274 244 Actuarial gains/(losses) 541 1,492 993 Exchange differences and other items 1,081 (799) 696 Fair value of plan assets at end of year 17,244 15,575 14,755 |
Schedule of maturity of estimated benefits payments | The following table shows the estimated benefits payable at 31 December 2021 for the next ten years: EUR million 2022 462 2023 367 2024 393 2025 408 2026 433 2027 to 2031 2,481 |
Schedule of main categories of plan assets | The main categories of plan assets as a percentage of total plan assets are as follows: 2021 2020 2019 Equity instruments 10 % 9 % 12 % Debt instruments 51 % 55 % 46 % Properties 10 % 10 % 11 % Other 29 % 26 % 31 % |
Other Foreign Countries | |
Non-controlling interests | |
Schedule of provision for pensions and similar obligations | The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2021 and the two preceding years is as follows: EUR million 2021 Of which business in Brazil 2020 2019 Present value of the obligations 8,018 5,111 8,434 10,717 Less- Of which: with a charge to the participants 106 106 112 176 Fair value of plan assets 7,167 5,288 7,182 8,826 Provisions - Provisions for pensions 745 (283) 1,140 1,715 Of which: Internal provisions for pensions 1,478 432 1,694 2,129 Net assets for pensions (64) (46) (83) (116) Unrecognised net assets for pensions (669) (669) (471) (298) |
Schedule of defined benefit obligation expenses recognized in the consolidated income statements | The amounts recognised in the consolidated income statements in relation to these obligations are as follows: EUR million 2021 2020 2019 Current service cost 34 35 32 Interest cost (net) 62 72 101 Provisions or reversion of provisions (Actuarial gains)/losses recognised in the year 11 11 12 Past service cost 3 5 6 Pre-retirement cost (24) — — Other (3) (5) (1) 83 118 150 |
Schedule of status and changes of the defined benefit obligations | The changes in the present value of the accrued obligations were as follows: EUR million 2021 2020 2019 Present value of the obligations at beginning of year 8,434 10,717 9,116 Incorporation of Group companies, net (5) (84) — Current service cost 34 35 32 Interest cost 429 465 651 Pre-retirement cost (24) — — Effect of curtailment/settlement (3) (5) (1) Benefits paid (538) (544) (666) Contributions made by employees 3 3 5 Past service cost 3 5 6 Actuarial (gains)/losses (486) 176 1,652 Demographic actuarial (gains)/losses 16 23 3 Financial actuarial (gains)/losses (502) 153 1,649 Exchange differences and other items 171 (2,334) (78) Present value of the obligations 8,018 8,434 10,717 |
Schedule of changes in fair value of plan assets | The changes in the fair value of the plan assets were as follows: EUR million 2021 2020 2019 Fair value of plan assets at beginning of year 7,182 8,826 7,743 Incorporation of Group companies, net (6) (86) — Expected return on plan assets 411 410 573 Benefits paid (478) (488) (613) Contributions 152 63 214 Actuarial gains/(losses) (155) 536 1,021 Exchange differences and other items 61 (2,079) (112) Fair value of plan assets at end of year 7,167 7,182 8,826 |
Schedule of maturity of estimated benefits payments | The following table shows the estimated benefits payable at 31 December 2021 for the next ten years: EUR million 2022 538 2023 544 2024 550 2025 555 2026 560 2027 to 2031 2,870 |
Schedule of main categories of plan assets | The main categories of plan assets as a percentage of total plan assets are as follows: 2021 2020 2019 Equity instruments 12 % 11% 8% Debt instruments 83 % 84% 84% Properties 1 % 1% 1% Other 4 % 4% 7% |
Other liabilities (Tables)
Other liabilities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Miscellaneous liabilities [abstract] | |
Schedule of other liabilities | The detail of Other liabilities in the consolidated balance sheets is as follows: EUR million 2021 2020 2019 Transactions in transit 545 498 663 Accrued expenses and deferred income 7,084 6,309 6,909 Other 5,069 5,529 5,220 12,698 12,336 12,792 |
Tax matters (Tables)
Tax matters (Tables) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2017 | |
Major components of tax expense (income) [abstract] | ||
Schedule of reconciliation of income tax expense | The reconciliation of the income tax expense calculated at the tax rate applicable in Spain (30%) to the income tax expense recognised and the detail of the effective tax rate are as follows: EUR million 2021 2020 2019 Consolidated profit (loss) before tax: From continuing operations 14,547 (2,076) 12,543 From discontinued operations — — — 14,547 (2,076) 12,543 Income tax at tax rate applicable in Spain (30%) 4,364 (623) 3,763 By the effect of application of the various tax rates applicable in each country* 210 362 243 Of which: Brazil 634 560 502 United Kingdom (158) (43) (80) United States (179) (71) (71) Chile (34) (24) (35) Effect of profit or loss of associates and joint ventures (130) 29 (97) Effect of reassessment of deferred taxes 9 2,500 (612) Permanent differences 441 3,364 1,130 Current income tax 4,894 5,632 4,427 Effective tax rate 33.64% — 35.29 % Of which: Continuing operations 4,894 5,632 4,427 Discontinued operations — — — Of which: Current taxes 3,799 4,214 3,962 Deferred taxes 1,095 1,418 465 Income tax (receipts)/payments 4,012 2,946 2,593 * Calculated by applying the difference between the tax rate applicable in Spain and the tax rate applicable in each jurisdiction to the profit or loss contributed to the Group by the entities which operate in each jurisdiction. ** In 2020 and 2019 it includes mainly the impairment of goodwill. | |
Schedule of tax recognized in equity | In addition to the income tax recognised in the consolidated income statement, the Group recognised the following amounts in consolidated equity in 2021, 2020 and 2019: EUR million 2021 2020 2019 Other comprehensive income Items not reclassified to profit or loss (510) (82) 500 Actuarial gains or (-) losses on defined benefit pension plans (530) (165) 499 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (13) 92 (42) Financial liabilities at fair value with changes in results attributable to changes in credit risk 33 (9) 43 Items that may be reclassified to profit or loss 1,136 208 (832) Cash flow hedges 278 5 (17) Changes in the fair value of debt instruments through other comprehensive income 857 195 (811) Other recognised income and expense of investments in subsidiaries, joint ventures and associates 1 8 (4) Total 626 126 (332) | |
Schedule of deferred tax assets and liabilities | The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Monetizable* Other Monetizable* Other Monetizable* Other Tax assets 10,473 8,967 10,721 8,525 11,233 11,525 Tax losses and tax credits — 1,249 — 1,093 — 3,428 Temporary differences 10,473 7,718 10,721 7,432 11,233 8,097 Of which: Non-deductible provisions — 2,256 — 2,139 — 2,751 Valuation of financial instruments — 600 — 483 — 400 Loan losses 6,888 988 7,134 1,007 7,645 1,086 Pensions 3,585 669 3,587 875 3,587 1,009 Valuation of tangible and intangible assets — 1,509 — 1,373 — 1,317 Tax liabilities — 6,462 — 5,933 — 6,522 Temporary differences — 6,462 — 5,933 — 6,522 Of which: Valuation of financial instruments — 1,419 — 1,791 — 2,073 Valuation of tangible and intangible assets — 3,081 — 2,311 — 1,962 Investments in Group companies — 337 — 440 — 831 * Banco Popular Español, S.A.U. considered that part of its monetizable assets were converted into credit against the Tax Administration in 2017 Income Tax return, as the circumstances of the aforementioned regulations were met at the end of that year (EUR 995 million). The Spanish tax authorities have expressly confirmed the nature of these assets as monetizable, but they consider that conditions for conversion are not met at the end of 2017, without prejudice to the conversion in future years. Likewise, Grupo Santander, due to losses incurred in 2020, converted EUR 642 million of monetizable tax assets into credit against the Tax Administration in its Corporate Income Tax return. This tax return is subject to review by the Tax Authorities. | |
Schedule of changes in deferred tax assets and liabilities | The changes in Tax assets - Deferred and Tax liabilities - Deferred in the last three years were as follows: EUR million Balances at 31 December 2020 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balances at 31 December 2021 Deferred tax assets 19,246 (209) 193 209 1 19,440 Tax losses and tax credits 1,093 129 28 — — 1,250 Temporary differences 18,153 (338) 165 209 1 18,190 Of which monetizable 10,721 (273) 25 — — 10,473 Deferred tax liabilities (5,933) (886) (170) 528 (1) (6,462) Temporary differences (5,933) (886) (170) 528 (1) (6,462) 13,313 (1,095) 23 737 0 12,978 EUR million Balance at 31 December 2019 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balance at 31 December 2020 Deferred tax assets 22,758 (1,016) (2,465) 38 (69) 19,246 Tax losses and tax credits 3,427 (2,065) (266) — (3) 1,093 Temporary differences 19,331 1,049 (2,199) 38 (66) 18,153 Of which monetizable 11,233 613 (1,125) — — 10,721 Deferred tax liabilities (6,522) (402) 851 156 (16) (5,933) Temporary differences (6,522) (402) 851 156 (16) (5,933) 16,236 (1,418) (1,614) 194 (85) 13,313 EUR million Balances at 31 December 2018 (Charge)/Credit to income Foreign currency balance translation differences and other items (Charge)/Credit to asset and liability valuation adjustments Acquisition for the year (net) Balance at 31 December 2019 Deferred tax assets 23,258 215 (610) (92) (13) 22,758 Tax losses and tax credits 4,276 (301) (548) — — 3,427 Temporary differences 18,982 516 (62) (92) (13) 19,331 Of which monetizable 10,866 427 (60) — — 11,233 Deferred tax liabilities (5,568) (680) 92 (366) 0 (6,522) Temporary differences (5,568) (680) 92 (366) — (6,522) 17,690 (465) (518) (458) (13) 16,236 |
Non-controlling interests (Tabl
Non-controlling interests (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Non-controlling interests Abstract | |
Schedule of detail, by Group company, of Equity - Non-controlling interests | The detail, by Group company, of 'Equity - Non-controlling interests' is as follows: EUR million 2021 2020 2019 Santander Bank Polska S.A. 1,559 1,676 1,597 Grupo PSA 1,543 1,622 1,569 Santander Consumer USA Holdings Inc. 1,255 986 1,565 Banco Santander - Chile 1,042 1,218 1,101 Banco Santander (Brasil) S.A. 1,023 1,014 1,167 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 202 461 333 Other companies* 1,970 1,806 1,655 8,594 8,783 8,987 Profit/(Loss) for the year attributable to non-controlling interests 1,529 1,063 1,601 Of which: Santander Consumer USA Holdings Inc. 494 201 230 Grupo PSA 311 255 266 Banco Santander - Chile 292 198 283 Banco Santander (Brasil) S.A. 251 233 373 Santander Bank Polska S.A. 75 81 162 Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México 62 61 195 Other companies 44 34 92 TOTAL 10,123 9,846 10,588 * Includes a Santander UK plc issuance of perpetual convertible equity instruments, at the option of Santander UK plc, into preference shares of Santander UK itself for a nominal amount of GBP 2,200 million (the Group having acquired GBP 1,050 million). Carrying amount of EUR 1,363 million in 2021 (EUR 1,275 million and EUR 1,346 million in 2020 and 2019, respectively). |
Schedule of changes in Non-controlling interests | The changes in Non-controlling interests are summarised as follows: EUR million 2021 2020 2019 Balance at the end of the previous year 9,846 10,588 10,889 Balance at beginning of year 9,846 10,588 10,889 Other comprehensive income* (304) (818) 310 Other 581 76 (611) Profit attributable to non-controlling interests 1,529 1,063 1,601 Modification of participation rates** (390) (632) (1,623) Change of perimeter (5) (54) 110 Dividends paid to minority shareholders (648) (465) (895) Changes in capital and other concepts* 95 164 196 Balance at end of year 10,123 9,846 10,588 * Mainly due to exchange differences. ** Includes the effect of the Public Offers for the acquisition of shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in 2021 and 2019 (see note 3.c). |
Schedule of financial information on the subsidiaries with significant non-controlling interests | The financial information on the subsidiaries with significant non-controlling interests at 31 December 2021 is summarised below: EUR million* Santander Bank Polska S.A. Banco Santander (Brasil) S.A. Banco Santander (Chile), S.A. Grupo Financiero Santander México, S.A.B. de C.V. Santander Consumer USA Total assets 49,788 159,447 71,987 78,383 43,966 Total liabilities 45,071 146,662 67,282 71,162 35,064 Net assets 4,717 12,785 4,705 7,221 8,902 Total income 1,646 10,884 2,457 3,579 4,725 Total profit 230 2,589 928 896 2,510 * Information prepared in accordance with the segment reporting criteria described in note 51 and, therefore, it may not coincide with the information published separately by each entity. |
Other comprehensive income (Tab
Other comprehensive income (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of analysis of other comprehensive income by item [abstract] | |
Schedule of other comprehensive income components | EUR million 2021 2020 2019 Other comprehensive income (32,719) (33,144) (24,168) Items that will not be reclassified to profit or loss (4,241) (5,328) (4,288) Actuarial gains and losses on defined benefit pension plans (3,986) (5,002) (4,764) Non-current assets held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates (8) (2) 1 Other valuation adjustments — — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (157) (308) 514 Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income — — — Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item) 275 159 44 Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument) (275) (159) (44) Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk (90) (16) (39) Items that may be reclassified to profit or loss (28,478) (27,816) (19,880) Hedges of net investments in foreign operations (Effective portion) (4,283) (3,124) (5,464) Exchange differences (23,887) (26,911) (16,701) Hedging derivatives. Cash flow hedges (Effective portion) (276) 295 300 Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income 436 2,411 2,321 Hedging instruments (items not designated) — — — Non-current assets classified as held for sale — — — Share in other income and expenses recognised in investments, joint ventures and associates (468) (487) (336) |
Schedule of changes in fair value of equity instruments that will not be reclassified | The following is a breakdown of the composition of the balance as of 31 December 2021, 2020 and 2019 under 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other global result' depending on the geographical origin of the issuer: EUR million 2021 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 25 (663) (638) 759 International Rest of Europe 39 (58) (19) 170 United States 13 (4) 9 31 Latin America and rest 496 (5) 491 1,493 573 (730) (157) 2,453 Of which: Publicly listed 500 (44) 456 1,521 Non publicly listed 73 (686) (613) 932 EUR million 2020 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 28 (849) (821) 1,032 International Rest of Europe 65 (76) (11) 314 United States 7 (4) 3 25 Latin America and rest 525 (4) 521 1,412 625 (933) (308) 2,783 Of which: Publicly listed 525 (31) 494 1,424 Non publicly listed 100 (902) (802) 1,359 EUR million 2019 Capital gains by valuation Capital losses by valuation Net gains/losses by valuation Fair Value Equity instruments Domestic Spain 21 (445) (424) 184 International Rest of Europe 68 (72) (4) 379 United States 15 (3) 12 44 Latin America and rest 934 (4) 930 2,256 1,038 (524) 514 2,863 Of which: Publicly listed 936 (14) 922 2,283 Non publicly listed 102 (510) (408) 580 |
Schedule of exchange differences included in other comprehensive income that may be reclassified to profit or loss | The detail, by country is as follows: EUR million 2021 2020 2019 Net balance at end of year* (28,170) (30,035) (22,165) Of which: Brazilian real (17,440) (17,417) (13,579) Pound sterling (3,415) (4,205) (3,135) Mexican peso (3,088) (3,091) (2,439) Argentine peso* (2,109) (2,288) (2,094) Chilean peso (2,039) (1,776) (1,560) US dollar 1,536 387 1,654 Polish zloty (809) (788) (501) Other (806) (857) (511) * Grupo Santander changed its accounting policy in relation to the presentation of exchange differences and the effects of hyperinflation of the operations generated in Argentina, reclassifying at 1 January 2019 an amount of EUR -1,984 million from the heading 'Other reserves' to 'Accumulated other comprehensive income' (see note 2.a and 33.b). The breakdown of translation differences by currency is as follows: EUR million 2021 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results* From net assets Brazilian real (16,032) (15,913) 119 30 19 70 Pound sterling (4,602) (3,504) 1,098 41 38 1,019 Mexican peso (2,393) (2,012) 381 26 29 326 Argentine peso (2,287) (2,109) 178 — — 178 Chilean peso (1,450) (1,852) (402) (55) (43) (304) US dollar 1,253 2,775 1,522 125 102 1,295 Polish zloty (638) (678) (40) (9) (1) (30) Other (762) (594) 168 9 11 148 Total Group (26,911) (23,887) 3,024 167 155 2,702 * Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. EUR million 2020 Of which: Currency Balance at the beginning of the year Balance at the end of the year Movement From goodwill From results* From net assets Brazilian real (10,704) (16,032) (5,328) (1,280) (190) (3,858) Pound sterling (3,329) (4,602) (1,273) (455) (4) (814) Mexican peso (1,547) (2,393) (846) (59) (2) (785) Argentine peso (2,094) (2,287) (193) — — (193) Chilean peso (1,181) (1,450) (269) (18) 15 (266) US dollar 2,833 1,253 (1,580) (143) (58) (1,379) Polish zloty (249) (638) (389) (133) (5) (251) Other (430) (762) (332) (16) (10) (306) Total Group (16,701) (26,911) (10,210) (2,104) (254) (7,852) * Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii. |
Schedule of other comprehensive income, that may be reclassified to profit or loss, by type of instrument and geographical origin of the issuer | The breakdown, by type of instrument and geographical origin of the issuer, of 'Other comprehensive income – Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income' at 31 December 2021, 2020 and 2019 is as follows: EUR million 31 December 2021 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Government debt securities and debt Instruments issued by central banks Spain 271 — 271 12,917 Rest of Europe 544 (118) 426 20,397 Latin America and rest of the world 334 (438) (104) 49,847 Private-sector debt securities 80 (237) (157) 22,424 1,229 (793) 436 105,585 EUR million 31 December 2020 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Government debt securities and debt Instruments issued by central banks Spain 693 — 693 19,314 Rest of Europe 915 (69) 846 23,116 Latin America and rest of the world 785 (73) 712 51,026 Private-sector debt securities 181 (21) 160 24,714 2,574 (163) 2,411 118,170 EUR million 31 December 2019 Revaluation gains Revaluation losses Net revaluation gains/ (losses) Fair value Debt instruments Government debt securities and debt Instruments issued by central banks Spain 947 (2) 945 32,413 Rest of Europe 664 (38) 626 19,052 Latin America and rest of the world 839 (121) 718 51,284 Private-sector debt securities 81 (49) 32 20,096 2,531 (210) 2,321 122,845 |
Schedule of changes in other comprehensive income for entities accounted for using the equity method | The changes in other comprehensive income - Entities accounted for using the equity method were as follows: EUR million 2021 2020 2019 Balance at beginning of year (489) (335) (320) Revaluation gains/(losses) 7 (170) (22) Net amounts transferred to profit or loss 6 16 7 Balance at end of year (476) (489) (335) Of which: Zurich Santander Insurance América, S.L. (332) (298) (171) |
Accumulated retained earnings (
Accumulated retained earnings (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Accumulated Retained Earnings | |
Schedule of accumulated retained earnings and reserves of entities accounted for using the equity method | The detail of Accumulated retained earnings and Reserves of entities accounted for using the equity method is as follows: EUR million 2021 2020 2019 Restricted reserves 2,543 2,460 2,595 Legal reserve 1,734 1,734 1,662 Own shares 755 672 879 Revaluation reserve Royal Decree-Law 7/1996 43 43 43 Reserve for retired capital 11 11 11 Unrestricted reserves 4,243 10,422 10,664 Voluntary reserves* 6,123 6,128 4,603 Consolidation reserves attributable to the Bank (1,880) 4,294 6,061 Reserves of subsidiaries 47,438 47,601 43,449 Reserves of entities accounted for using the equity method 1,572 1,504 1,210 55,796 61,987 57,918 * In accordance with the commercial regulations in force in Spain. |
Schedule of reserves of subsidiaries based on the companies' contribution to the Group | The detail, by company, of Reserves of subsidiaries, based on the companies’ contribution to the Group (considering the effect of consolidation adjustments) is as follows: EUR million 2021 2020 2019 Banco Santander (Brasil) S.A. (Consolidated Group) 14,325 14,067 12,400 Santander UK Group 8,558 8,447 8,079 Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México 4,913 4,230 3,810 Santander Consumer Finance Group 4,753 4,186 4,012 Banco Santander - Chile 3,502 3,404 3,116 Banco Santander Totta, S.A. (Consolidated Group) 3,194 2,960 2,823 Group Santander Holdings USA 2,940 4,793 4,528 Banco Santander Río S.A. 2,318 2,161 1,895 Santander Bank Polska S.A. 1,990 1,748 1,738 Santander Investment, S.A. 1,307 1,335 146 Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. 869 695 823 Banco Santander International SA (former Banco Santander (Suisse) SA) 277 247 348 Other companies and consolidation adjustments (1,508) (672) (269) 47,438 47,601 43,449 Of which, restricted 3,392 3,155 3,193 |
Memorandum items (Tables)
Memorandum items (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Off-balance-sheet exposures | |
Schedule of contingent commitments | The detail is as follows: 2021 2020 2019 Loans commitment granted 262,737 241,230 241,179 Of which doubtful 615 274 352 Financial guarantees granted 10,758 12,377 13,650 Of which doubtful 188 124 154 Financial guarantees 10,715 12,358 13,619 Credit derivatives sold 43 19 31 Other commitments granted 75,733 64,538 68,895 Of which doubtful 781 548 747 Technical guarantees 40,158 33,526 33,890 Other 35,575 31,012 35,005 |
Schedule of off-balance sheet funds managed by the entity and joint ventures | The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows: EUR million 2021 2020 2019 Investment funds 145,987 131,965 142,988 Pension funds 16,078 15,577 11,843 Assets under management 24,862 20,712 22,079 186,927 168,254 176,910 |
Hedging derivatives (Tables)
Hedging derivatives (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about hedged items [line items] | |
Disclosure of detailed information about hedges | The percentage of the nominal amount of derivatives affected with a maturity date after the transition date of the reform represents 4.85% of the total hedging derivatives: EUR million USD LIBOR Total hedging instruments affected Fair value hedges 14,223 Interest rate risk 14,223 Cash flow hedges 12,034 Interest rate risk 12,034 26,257 Post-transition date agreement Fair value hedges 11,241 Interest rate risk 11,241 Cash flow hedges 7,830 Interest rate risk 7,830 19,071 As for the hedged items directly affected by the uncertainties related to the IBOR reforms, their nominal amount is shown below, which represents 2.02% of the total notional amount hedged: EUR million USD LIBOR Total hedge items directly affected Fair value hedges 190 Interest rate risk 190 Cash flow hedges 11926 Interest rate risk 11,926 12,116 Post-transition date agreement Fair value hedges 190 Interest rate risk 190 Cash flow hedges 7732 Interest rate risk 7,732 7,922 |
Schedule of details of hedging instruments | The following tables contains the detail of the hedging derivatives according to the type of hedging, the hedge risk and the main products used as of 31 December 2021, 2020 and 2019: Million euros 2021 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 206,957 2,528 2,656 1,079 Interest rate risk 176,176 2,227 1,778 591 Hedging derivatives Of which: Interest rate swap 66,904 1,668 920 (377) Call money swap 97,321 1 734 714 Exchange rate risk 21,238 7 423 287 Hedging derivatives Fx forward 13,909 7 423 22 Future interest rate 7,329 — — 265 Interest rate and exchange rate risk 9,326 294 452 200 Hedging derivatives Of which: Interest rate swap 1,650 12 9 (7) Currency swap 7,397 281 443 192 Inflation risk 44 — 1 — Hedging derivatives Credit risk 173 — 2 1 Hedging derivatives Cash flow hedges 160,397 2,034 2,157 (1,703) Interest rate risk 99,648 156 420 (526) Hedging derivatives Of which: Future interest rate 7,652 — — (155) Interest rate swap 69,471 70 155 (212) Call money swap 16,846 20 182 (409) Exchange rate risk 27,343 396 657 (112) Hedging derivatives Of which: FX forward 8,381 280 42 26 Currency swap 15,004 100 606 (133) Interest rate and exchange rate risk 21,609 1,425 400 (815) Hedging derivatives Of which: Interest rate swap 3,604 95 2 (112) Currency swap 17,005 1,330 393 (702) Inflation risk 11,741 52 679 (247) Hedging derivatives Of which: Currency swap 10,503 51 678 (232) Equity risk 56 5 1 (3) Hedging derivatives Hedges of net investments in foreign operations 25,594 199 650 — Exchange rate risk 25,594 199 650 — Hedging derivatives FX forward 25,594 199 650 — 392,948 4,761 5,463 (624) EUR million 2020 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 199,260 4,199 4,671 (451) Interest rate risk 181,582 3,528 3,850 (456) Hedging derivatives Of which: Interest rate swap 94,713 2,985 2,747 (27) Call money swap 69,740 184 886 (486) Exchange rate risk 9,037 293 47 11 Hedging derivatives Of which: FX forward 8,422 210 47 11 Interest rate and exchange rate risk 8,434 378 771 (11) Hedging derivatives Of which: Currency swap 7,704 370 757 (4) Credit risk 207 — 3 5 Hedging derivatives Cash flow hedges 139,156 3,436 1,739 232 Interest rate risk 74,731 478 522 75 Hedging derivatives Of which: Future interest rate 7,492 — 322 (208) Interest rate swap 46,547 237 108 135 Call money swap 12,123 204 7 145 Exchange rate risk 23,483 555 802 (401) Hedging derivatives Of which: FX forward 9,151 265 195 (155) Currency swap 13,425 283 600 (103) Interest rate and exchange rate risk 27,021 2,362 275 679 Hedging derivatives Of which: Currency swap 19,682 2,100 264 550 Inflation risk 13,907 36 140 (129) Hedging derivatives Of which: Interest rate swap 5,218 262 — 129 Currency swap 10,206 26 136 (132) Equity risk 14 5 — 8 Hedging derivatives Hedges of net investments in foreign operations 22,210 690 459 3 Exchange rate risk 22,210 690 459 3 Hedging derivatives FX forward 22,210 690 459 — 360,626 8,325 6,869 (216) EUR million 2019 Carrying amount Nominal value Assets Liabilities Changes in fair value used for calculating hedge ineffectiveness Balance sheet line items Fair value hedges 202,548 3,570 3,649 (1,522) Interest rate risk 183,586 3,032 3,160 (1,346) Hedging derivatives Of which: Future interest rate 12,325 — 32 (476) Interest rate swap 117,439 2,651 2,297 (429) Call money swap 44,791 91 472 (295) Exchange rate risk 10,006 73 55 (60) Hedging derivatives Of which: Fx forward 9,722 49 54 (60) Interest rate and exchange rate risk 8,698 465 428 (116) Hedging derivatives Of which: Currency swap 7,552 449 423 (67) Inflation risk 0 — 0 5 Hedging derivatives Credit risk 258 — 6 (5) Hedging derivatives Cash flow hedges 135,439 3,398 1,618 (1,540) Interest rate risk 55,810 277 261 (267) Hedging derivatives Of which: Futures 21,655 33 147 (93) Interest rate swap 21,492 99 97 (105) Call money swap 6,164 30 12 8 Exchange rate risk 31,803 463 660 (405) Hedging derivatives Of which: FX forward 10,595 237 216 (145) Currency swap 11,030 214 433 (365) Futures 9,290 — — 113 Interest rate and exchange rate risk 38,938 2,625 640 (826) Hedging derivatives Of which: Interest rate swap 7,347 133 5 201 Currency swap 27,044 2,492 622 (1,020) Inflation risk 8,830 33 53 (44) Hedging derivatives Of which: FX forward 2,230 5 4 4 Currency swap 6,511 28 42 (44) Equity risk 58 — 4 2 Hedging derivatives Hedges of net investments in foreign operations 24,477 248 781 0 Exchange rate risk 24,477 248 781 0 Hedging derivatives FX forward 24,477 248 781 — 362,464 7,216 6,048 (3,062) |
Schedule of maturity profile of hedging instruments | The following table sets out the maturity profile of the hedging instruments used in Grupo Santander non-dynamic hedging strategies: EUR million 31 December 2021 Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges 5,546 11,786 45,119 114,828 29,678 206,957 Interest rate risk 4,324 9,978 33,873 103,216 24,785 176,176 Of which: Interest rate swap 267 2,138 4,189 42,398 17,912 66,904 Call money swap 3,716 7,527 25,588 56,120 4,370 97,321 Exchange rate risk 598 1,712 11,013 5,550 2,365 21,238 Fx forward 598 1,712 11,013 586 — 13,909 Future interest rate — — — 4,964 2,365 7,329 Interest rate and exchange rate risk 624 77 199 5,898 2,528 9,326 Of which: Interest rate swap — — — 1,232 418 1,650 Currency swap 624 72 198 4,437 2,066 7,397 Inflation risk — — — 44 — 44 Credit risk — 19 34 120 — 173 Cash flow hedges 17,674 3,208 20,459 102,833 16,223 160,397 Interest rate risk 13,047 1,061 9,875 68,867 6,798 99,648 Of which: Future interest rate 7,097 — 244 311 — 7,652 Interest rate swap 2,336 310 7,759 58,930 136 69,471 Call money swap 1,202 751 858 7,920 6,115 16,846 Exchange rate risk 3,438 1,348 3,195 15,506 3,856 27,343 Of which: FX forward 2,406 1,309 1,947 2,719 — 8,381 Currency swap 1,032 39 1,248 9,885 2,800 15,004 Interest rate and exchange rate risk 860 336 5,924 11,165 3,324 21,609 Of which: Interest rate swap — — — 2,505 1,099 3,604 Currency swap 860 336 5,924 7,660 2,225 17,005 Inflation risk 329 463 1,463 7,246 2,240 11,741 Of which: Currency swap 82 339 597 7,245 2,240 10,503 Equity risk — — 2 49 5 56 Hedges of net investments in foreign operations: 4,097 5,346 13,235 2,916 — 25,594 Exchange rate risk 4,097 5,346 13,235 2,916 — 25,594 FX forward 4,097 5,346 13,235 2,916 — 25,594 27,317 20,340 78,813 220,577 45,901 392,948 EUR million 31 December 2020 Up to one month One to three months Three months to one year One year to five years More than five years Total Fair value hedges 7,132 14,221 44,897 95,343 37,667 199,260 Interest rate risk 5,616 9,667 39,921 90,913 35,465 181,582 Of which: Interest rate swap 3,943 4,804 24,807 33,333 27,826 94,713 Call money swap 1,021 4,662 11,241 49,624 3,192 69,740 Exchange rate risk 1,516 4,264 3,257 — — 9,037 Of which: Fx forward 901 4,264 3,257 — — 8,422 Interest rate and exchange rate risk — 282 1,711 4,239 2,202 8,434 Of which: Currency swap — 282 1,711 3,607 2,104 7,704 Credit risk — 8 8 191 — 207 Cash flow hedges 10,489 11,629 44,127 61,186 11,725 139,156 Interest rate risk 6,019 6,707 33,070 26,959 1,976 74,731 Of which: Future interest rate 5,213 — — 2,279 — 7,492 Interest rate swap 806 4,626 29,511 11,219 385 46,547 Call money swap — 1,502 1,550 7,890 1,181 12,123 Exchange rate risk 1,746 2,336 4,616 13,071 1,714 23,483 Of which: FX forward 1,532 2,243 3,040 2,336 — 9,151 Currency swap 214 93 1,576 9,828 1,714 13,425 Interest rate and exchange rate risk 1,691 972 5,634 15,687 3,037 27,021 Of which: Interest rate swap 816 — 981 2,402 1,019 5,218 Currency swap 875 972 4,653 11,164 2,018 19,682 Inflation risk 1,033 1,614 807 5,456 4,997 13,907 Of which: Currency swap 33 181 229 4,766 4,997 10,206 Equity risk — — — 13 1 14 Hedges of net investments in foreign operations: 2,435 5,086 12,831 1,858 — 22,210 Exchange rate risk 2,435 5,086 12,831 1,858 — 22,210 FX forward 2,435 5,086 12,831 1,858 — 22,210 20,056 30,936 101,855 158,387 49,392 360,626 EUR million 31 December 2019 Up to one month One to three months Three months One year More than five Total Fair value hedges 5,816 14,591 43,236 90,707 48,198 202,548 Interest rate risk 5,468 9,055 37,627 86,119 45,317 183,586 Of which: Future interest rate 16 — 606 6,066 5,637 12,325 Interest rate swap 734 3,532 24,382 62,474 26,317 117,439 Call money swap 4,674 5,318 12,085 14,653 8,061 44,791 Exchange rate risk 333 4,090 5,172 411 — 10,006 Of which: Fx forward 329 4,090 5,082 221 — 9,722 Interest rate and exchange rate risk 15 1,432 437 3,933 2,881 8,698 Credit risk — 14 — 244 0 258 Cash flow hedges 16,506 5,912 38,678 62,119 12,224 135,439 Interest rate risk 13,023 2,179 13,011 26,332 1,265 55,810 Of which: Futures 12,304 385 3,196 5,770 — 21,655 Interest rate swap 460 864 7,441 12,585 142 21,492 Call money swap — 398 1,253 3,925 588 6,164 Exchange rate risk 2,300 2,572 14,324 11,753 854 31,803 Of which: Future interest rate — — 9,290 — — 9,290 FX forward 2,173 1,746 3,404 3,272 — 10,595 Currency swap 127 826 1,630 7,593 854 11,030 Interest rate and exchange rate risk 1,086 308 9,221 20,782 7,541 38,938 Of which: Interest rate swap — — 1,917 2,880 2,550 7,347 Currency swap 1,086 308 5,553 15,106 4,991 27,044 Inflation risk 97 853 2,114 3,204 2,562 8,830 Of which: FX forward — 117 1,205 908 — 2,230 Currency swap 97 736 909 2,207 2,562 6,511 Equity risk — — 8 48 2 58 Hedges of net investments in foreign operations 2,735 4,191 14,192 3,359 — 24,477 Exchange rate risk 2,735 4,191 14,192 3,359 — 24,477 FX forward 2,735 4,191 14,192 3,359 — 24,477 25,057 24,694 96,106 156,185 60,422 362,464 |
Schedule of details of hedged exposure/hedged items | Regarding the hedged items, the products that are being hedged are mainly: borrowed deposits, financial deposits, loans, government bonds as assets and financial bonds as liabilities. The following table shows the detail of the type of hedging, the risk that is hedged and which products are being hedged at 31 December 2021, 2020 and 2019: EUR million 31 December 2021 Carrying amount of hedged items Accumulated amount of fair value adjustments on the hedged item Balance sheet line item Change in fair value of hedged item for ineffectiveness assessment Cash flow reserves or conversion reserves Assets Liabilities Assets Liabilities Continuing hedges Discontinued hedges Fair value hedges 193,949 51,395 462 453 Loans and advances / Deposits and Debt securities / Debt securities issued (1,061) — — Interest rate risk 125,479 47,347 727 366 (543) — — Exchange rate risk 64,531 — (282) — (343) — — Interest and Exchange rate risk 3,714 4,048 15 87 (173) — — Inflation risk 46 — — — — — — Credit risk 179 — 2 — (2) — — Cash flow hedges Deposits and loans and advances / Debt securities / Variable income portfolio / Rest of other assets and liabilities 1,538 (414) (150) Interest rate risk 400 (540) (54) Exchange rate risk 440 81 8 Interest and Exchange rate risk 69 330 — Inflation risk 628 (289) (104) Equity risk 1 4 0 Net foreign investments hedges 3,282 — — — Equity instruments — 0 3 Exchange rate risk 3,282 — — — — — 3 197,231 51,395 462 453 477 (414) (147) EUR million 31 December 2020 Carrying amount of hedged items Accumulated amount of fair value adjustments on the hedged item Balance sheet line item Change in fair value of hedged item for ineffectiveness assessment Cash flow reserves or conversion reserves Assets Liabilities Assets Liabilities Continuing hedges Discontinued hedges Fair value hedges 141,608 52,055 3,369 2,914 Loans and advances / Deposits and Debt securities / Debt securities issued 553 — — Interest rate risk 128,279 48,137 3,183 2,727 469 — — Exchange rate risk 8,718 — 40 — (13) — — Interest and Exchange rate risk 4,391 3,918 143 187 100 — — Credit risk 220 — 3 — (3) — — Cash flow hedges Deposits and loans and advances / Debt securities / Variable income portfolio / Rest of other assets and liabilities 532 420 (43) Interest rate risk 314 (87) (11) Exchange rate risk 204 (68) — Interest and Exchange rate risk (87) 680 — Inflation risk 105 (111) (32) Equity risk (4) 6 — Net foreign investments hedges 22,150 — — — Equity instruments — (11) 14 Exchange rate risk 22,150 — — — — (11) 14 163,758 52,055 3,369 2,914 1,085 409 (29) EUR million 31 December 2019 Carrying amount of hedged items Accumulated amount of fair value adjustments on the hedged item Balance sheet line item Change in fair value of hedged item for ineffectiveness assessment Cash flow reserves or conversion reserves Assets Liabilities Assets Liabilities Continuing hedges Discontinued hedges Fair value hedges 134,958 60,487 2,768 2,298 Loans and advances / Deposits and Debt securities / Debt securities issued 1,583 — — Interest rate risk 122,560 55,538 2,764 2,099 1,370 — — Exchange rate risk 8,613 — 19 — 58 — — Interest and Exchange rate risk 3,532 4,949 (21) 199 154 — — Inflation risk — — — — (4) — — Credit risk 253 — 6 — 5 — — Cash flow hedges Deposits and loans and advances / Debt securities / Variable income portfolio / Rest of other assets and liabilities (204) 522 (79) Interest rate risk (128) 4 (74) Exchange rate risk (32) 130 (4) Interest and Exchange rate risk (169) 510 — Inflation risk 20 (22) — Equity risk 7 (2) (1) Other risks 98 (98) — Net foreign investments hedges 1,070 — — — Equity instruments — — — Exchange rate risk 1,070 — — — — — — 136,028 60,487 2,768 2,298 1,379 522 (79) |
Schedule of effectiveness of hedging, impacts on profit or loss and other comprehensive income | The net impact of the hedges are shown in the following table: EUR million 31 December 2021 Earnings/(losses) recognised in another cumulative overall result Ineffective recognised in the income statement Reclassified amount of reserves to the income statement due to: Line of the income statement that includes the ineffectiveness of cash flows Cover transaction affecting the income statement Line of the income statement that includes reclassified items Fair value hedges 18 Gains or losses financial assests/liabilities Interest rate risk 46 Exchange rate risk (55) Interest rate and exchange rate risk 27 Cash flow hedges (941) (63) Gains or losses financial assests/liabilities (801) Interest margin/Gains or losses financial assests/liabilities Interest rate risk (494) (33) 269 Exchange rate risk 155 2 (262) Interest rate and exchange rate risk (350) (35) (350) Inflation risk (249) 3 (458) Equity risk (3) — — (941) (45) (801) EUR million 31 December 2020 Earnings/(losses) recognised in another cumulative overall result Ineffective coverage recognised in the income statement Reclassified amount of reserves to the income statement due to: Line of the income statement that includes the ineffectiveness of cash flows Cover transaction affecting the income statement Line of the income statement that includes reclassified items Fair value hedges 104 Gains or losses financial assests/liabilities Interest rate risk 9 Exchange rate risk 1 Interest rate and exchange rate risk 92 Credit risk 2 Cash flow hedges (67) (53) Gains or losses financial assests/liabilities 851 Interest margin/Gains or losses financial assests/liabilities Interest rate risk 69 7 118 Exchange rate risk (194) 9 (132) Interest rate and exchange rate risk 170 (62) 844 Inflation risk (121) (7) 21 Equity risk 9 — — Net foreign investments 3 — Gains or losses financial assests/liabilities — Exchange rate risk 3 — — (64) 51 851 EUR million 31 December 2019 Earnings/(losses) recognised in another cumulative overall result Ineffective coverage recognised in the income statement Reclassified amount of reserves to the income statement due to: Line of the income statement that includes the ineffectiveness of cash flows Cover transaction affecting the income statement Line of the income statement that includes reclassified items Fair value hedges 58 Gains or losses financial assests/liabilities Interest rate risk 5 Risk of Exchange rate (3) Risk of interest rate and exchange rate 56 Inflation risks — Cash flow hedges 8 (86) Gains or losses financial assests/liabilities (1,112) Interest margin/Gains or losses financial assests/liabilities Interest rate risk (263) 1 8 Exchange rate risk 145 (34) (364) Interest rate and exchange rate risk 168 (53) (769) Inflation risk (44) — 13 Equity risk 2 — — Net foreign investments — — Gains or losses financial assests/liabilities — Exchange rate risk — — — 8 (28) (1,112) |
Schedule of movement in hedging components in other comprehensive income | The following table shows the movement in the impact of equity for the year: EUR million 2021 2020 2019 Balance at beginning of year 295 300 277 Cash flow hedges Interest rate risk (494) 67 (264) Amounts transferred to income statements (269) (118) (8) Gain or loss in value CFE - recognized in equity (225) 185 (256) Exchange rate risk 155 (194) 146 Amounts transferred to income statements 262 132 364 Gain or loss in value CFE - recognized in equity (107) (326) (218) Interest rate and exchange rate risk (350) 170 168 Amounts transferred to income statements 350 (844) 769 Gain or loss in value CFE - recognized in equity (700) 1,014 (601) Inflation risk (249) (121) (44) Amounts transferred to income statements 458 (21) (13) Gain or loss in value CFE - recognized in equity (707) (100) (31) Equity risk (3) 9 2 Amounts transferred to income statements — — — Gain or loss in value CFE - recognized in equity (3) 9 2 Net foreign investments hedges Exchange rate risk — 3 — Amounts transferred to income statements — — — Gain or loss in value CFE - recognized in equity — 3 — Non-controlling interest 92 56 32 Taxes 278 5 (17) Balance at end of year (276) 295 300 |
Santander UK | |
Disclosure of detailed information about hedged items [line items] | |
Schedule of maturity profile of hedging instruments | Additionally, for Santander UK Group Holdings plc and Banco Santander, S.A., both the maturity profile, the average interest and exchange rate of hedging instruments by maturity buckets are shown: Santander UK Group Holdings plc group 31 December 2021 EUR million Up to one month One to three months Three months One year More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 3,716 7,408 25,525 53,427 5,942 96,018 Average fixed interest rate (%) GBP 0.590 0.420 0.090 0.910 3.130 Average fixed interest rate (%) EUR 0.510 1.740 1.080 0.810 2.610 Average fixed interest rate (%) USD 1.910 0.960 1.440 2.760 4.050 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 127 683 165 975 Average GBP/EUR exchange rate — — 1.205 1.159 1.171 Average fixed interest rate (%) EUR — — 3.290 2.030 2.620 Cash flow hedges Interest rate risk Interest rate instruments Nominal 1,203 572 1,036 8,967 6,115 17,893 Average fixed interest rate (%) GBP 1.970 0.440 0.080 1.290 0.970 Foreign exchange risk Exchange and interest rate instruments Nominal 3,218 1,114 2,448 10,897 3,584 21,261 Average GBP/JPY exchange rate — 142.905 148.856 — — Average GBP/EUR exchange rate 1.165 — 1.185 1.159 1.174 Average GBP/USD exchange rate 1.344 1.342 1.332 1.339 1.388 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 739 — 1,000 8,112 2,860 12,711 Average GBP/EUR exchange rate 1.277 — 1.386 1.202 1.200 Average GBP/USD exchange rate — — — 1.609 1.381 Average fixed interest rate (%) GBP 2.260 — 1.170 2.720 3.410 31 December 2020 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 2,704 8,481 30,946 53,170 9,050 104,351 Average fixed interest rate (%) GBP 0.690 0.650 0.820 0.730 3.720 Average fixed interest rate (%) EUR 1.180 0.230 3.020 0.980 2.340 Average fixed interest rate (%) USD 1.870 1.720 2.890 2.490 4.160 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — — 147 776 260 1,183 Average GBP/EUR exchange rate — — 1.141 1.170 1.167 Average fixed interest rate (%) EUR — — 4.640 1.780 3.560 Cash flow hedges Interest rate risk Interest rate instruments Nominal — 999 2,815 8,869 1,180 13,863 Average fixed interest rate (%) GBP — 0.460 0.570 1.450 1.330 Foreign exchange risk Exchange and interest rate instruments Nominal 1,602 2,244 4,317 8,328 1,246 17,737 Average GBP/JPY exchange rate — 137.977 135.607 132.271 — Average GBP/EUR exchange rate — — — 1.163 1.179 Average GBP/USD exchange rate 1.293 1.316 1.323 1.304 — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 1,630 — 3,858 11,816 2,792 20,096 Average GBP/EUR exchange rate — — 1.354 1.253 1.197 Average GBP/USD exchange rate 1.465 — — 1.609 1.381 Average fixed interest rate (%) GBP 2.010 — 3.180 2.480 3.390 31 December 2019 EUR million Up to one month One to three months Three months One year More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 5,118 6,822 32,210 51,307 15,397 110,854 Average fixed interest rate (%) GBP 0.770 0.900 0.880 1.330 3.000 Average fixed interest rate (%) EUR (0.410) 0.290 2.210 1.360 2.360 Average fixed interest rate (%) USD — 1.540 1.990 2.690 4.560 Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — 887 — 394 738 2,019 Average GBP/EUR exchange rate — — — 1.178 1.160 Average GBP/USD exchange rate — 1.511 — — — Average fixed interest rate (%) EUR — — — 3.520 2.120 Average fixed interest rate (%) USD — 2.380 — — — Cash flow hedges Interest rate risk Interest rate instruments Nominal — 398 1,253 5,490 588 7,729 Average fixed interest rate (%) GBP — 0.760 0.820 1.460 0.400 Foreign exchange risk Exchange and interest rate instruments Nominal 1,395 2,491 4,417 7,019 — 15,322 Average GBP/JPY exchange rate — 145.928 143.086 140.815 — Average GBP/EUR exchange rate — 1.144 1.117 1.153 — Average GBP/USD exchange rate 1.286 1.252 1.293 1.299 — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 954 — 7,626 15,089 7,291 30,960 Average GBP/EUR exchange rate 1.274 — 1.169 1.311 1.209 Average GBP/USD exchange rate — — 1.536 1.581 1.450 Average fixed interest rate (%) GBP 2.490 — 2.160 2.870 2.960 |
Banco Santander | |
Disclosure of detailed information about hedged items [line items] | |
Schedule of maturity profile of hedging instruments | Banco Santander, S.A. 31 December 2021 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 14 1,822 3,038 21,507 10,031 36,412 Average fixed interest rate (%) GBP — — — 2.139 1.750 Average fixed interest rate (%) EUR 3.859 0.989 (0.031) 1.212 1.532 Average fixed interest rate (%) CHF — — — 0.828 0.403 Average fixed interest rate (%) JPY — — — 0.465 — Average fixed interest rate (%) USD 4.746 1.449 3.459 2.737 3.374 Average fixed interest rate (%) RON — — — 4.211 3.200 Foreign exchange risk Exchange and interest rate instruments Nominal 503 1,634 10,350 586 — 13,073 Average GBP/EUR exchange rate — 0.882 0.865 0.876 — Average USD/EUR exchange rate 1.187 1.172 1.180 — — Average CNY/EUR exchange rate 7.859 7.717 7.412 — — Average PEN/USD exchange rate — 4.003 — — — Average JPY/EUR exchange rate 132.688 130.741 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 116 1,109 53 3,255 1,279 5,812 Average fixed interest rate (%) AUD/EUR — — — 4.000 4.661 Average fixed interest rate (%) CZK/EUR — — — 0.860 — Average fixed interest rate (%) RON/EUR — — — 4.849 — Average fixed interest rate (%) HKD/EUR — — — 2.580 — Average fixed interest rate (%) JPY/EUR — — — 0.730 1.144 Average fixed interest rate (%) NOK/EUR — — — — 3.605 Average fixed interest rate (%) CHF/EUR — — — 0.760 1.243 Average fixed interest rate (%) USD/COP — 5.140 9.470 6.789 7.153 Average fixed interest rate (%) COP/USD — — — (0.140) — Average fixed interest rate (%) USD/CLP — — — 3.450 — Average AUD/EUR exchange rate — — — 1.499 1.529 Average CZK/EUR exchange rate — — — 25.506 — Average EUR/GBP exchange rate — 1.176 — — — Average EUR/USD exchange rate — — — 0.891 — Average HKD/EUR exchange rate — — — 8.782 — Average JPY/EUR exchange rate — — — 132.966 126.605 Average MXN/EUR exchange rate — — 14.696 — — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.815 4.927 Average CHF/EUR exchange rate — — — 1.092 1.105 Average USD/CLP exchange rate — — — 0.001 — Average NZD/EUR exchange rate — — — — 1.666 Average USD/MXN exchange rate — — — 0.050 — Credit risk Credit risk instruments Nominal — 19 34 120 — 173 31 December 2021 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — 9 1,169 1,848 408 3,434 Average fixed interest rate (%) EUR/PEN — — 3.441 — — Average fixed interest rate (%) EUR/AUD — 1.632 — — — Average fixed interest rate (%) AUD/EUR — — — 0.305 — Average EUR/GBP exchange rate — — 1.102 1.113 — Average EUR/USD exchange rate — — — 0.882 — Average AUD/EUR exchange rate — — — 1.604 1.562 Average RON/EUR exchange rate — — — 4.885 — Average JPY/EUR exchange rate — — — 120.568 — Average CHF/EUR exchange rate — — — — 1.102 Average NOK/EUR exchange rate — — — — 10.242 Average CZK/EUR exchange rate — — — 26.131 — Average EUR/PEN exchange rate — — 0.208 — — Average EUR/AUD exchange rate — 0.624 — — — Interest rate risk Bond Forward instruments Nominal 4,279 — 5,191 38,314 — 47,784 Average fixed interest rate (%) EUR — — (0.465) (0.258) — Average fixed interest rate (%) USD — — 1.765 — — Average fixed interest rate (%) AUD — — — 1.650 — Hedges of net investments in foreign operations Exchange rate risk Exchange and interest rate instruments Nominal 3,778 4,848 11,815 2,916 — 23,357 Average BRL/EUR exchange rate 6.663 6.758 6.841 — — Average CLP/EUR exchange rate 943.354 929.690 949.615 — — Average COP/EUR exchange rate — — 4,538.997 — — Average GBP/EUR exchange rate 0.854 0.857 0.855 0.875 — Average MXN/EUR exchange rate 25.541 25.335 25.192 — — Average PLN/EUR exchange rate 4.592 4.582 4.634 — — Average USD/EUR exchange rate — — 1.167 1.233 — 31 December 2020 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 2,073 409 2,165 17,430 14,294 36,371 Average fixed interest rate (%) GBP — — — 1.375 4.072 Average fixed interest rate (%) EUR 0.647 0.551 0.388 0.820 1.927 Average fixed interest rate (%) CHF — — — 0.800 0.403 Average fixed interest rate (%) JPY — — — 0.465 — Average fixed interest rate (%) USD 0.698 0.570 2.031 3.004 3.562 Average fixed interest rate (%) RON — — — 3.610 — Foreign exchange risk Exchange and interest rate instruments Nominal 833 4,149 3,008 — — 7,990 Average GBP/EUR exchange rate — 0.901 0.916 — — Average USD/EUR exchange rate 1.165 1.171 1.178 — — Average COP/USD exchange rate 3,628.140 3,603.595 — — — Average CNY/EUR exchange rate 8.108 8.102 7.997 — — Average SAR/EUR exchange rate 4.484 4.514 — — — Average PEN/USD exchange rate — 3.609 — — — Average AUD/EUR exchange rate — 1.609 — — — Average JPY/EUR exchange rate — 124.612 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal — 282 818 2,621 1,083 4,804 Average fixed interest rate (%) AUD/EUR — — — 4.000 4.660 Average fixed interest rate (%) CZK/EUR — — — 0.860 — Average fixed interest rate (%) EUR/COP — — 4.380 — — Average fixed interest rate (%) RON/EUR — — — 4.849 — Average fixed interest rate (%) HKD/EUR — — — 2.580 — Average fixed interest rate (%) JPY/EUR — — 2.195 0.568 1.281 Average fixed interest rate (%) NOK/EUR — — — — 3.605 Average fixed interest rate (%) CHF/EUR — — — — 1.243 Average fixed interest rate (%) USD/COP — — 8.030 6.659 7.231 Average fixed interest rate (%) COP/USD — — 6.000 — — Average fixed interest rate (%) USD/CLP — — 0.930 — — Average AUD/EUR exchange rate — — — 1.499 1.508 Average COP/USD exchange rate — — 3,437.200 — — Average CZK/EUR exchange rate — — — 25.539 — Average EUR/GBP exchange rate — 1.113 — — — Average EUR/USD exchange rate — — — 0.891 — Average HKD/EUR exchange rate — — — 8.782 — Average JPY/EUR exchange rate — — 113.370 133.840 125.883 Average MXN/EUR exchange rate — — — 14.696 — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.727 — Average CHF/EUR exchange rate — — — 1.092 1.105 Average USD/CLP exchange rate — — 0.001 — — Average USD/MXN exchange rate — — 0.050 — — 31 December 2020 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Credit risk Credit risk instruments Nominal — 8 8 191 — 207 Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — — 1,247 3,242 208 4,697 Average EUR/GBP exchange rate — — 1.080 1.102 — Average EUR/USD exchange rate — — — 0.882 — Average AUD/EUR exchange rate — — — 1.625 — Average RON/EUR exchange rate — — — 4.810 — Average JPY/EUR exchange rate — — — 120.568 — Average CHF/EUR exchange rate — — — — 1.102 Interest rate risk Bond Forward instruments Nominal 3,164 5,000 23,000 4,279 — 35,443 Average fixed interest rate (%) EUR — (0.258) (0.250) (0.236) — Hedges of net investments in foreign operations Exchange rate risk Exchange and interest rate instruments Nominal 2,229 4,554 11,570 1,858 — 20,211 Average BRL/EUR exchange rate 5.270 5.308 6.332 — — Average CLP/EUR exchange rate 869.633 861.546 864.339 932.215 — Average COP/EUR exchange rate — — 4.471 — — Average GBP/EUR exchange rate 0.909 0.916 0.907 — — Average MXN/EUR exchange rate 23.121 25.456 26.788 — — Average PLN/EUR exchange rate 4.427 4.420 4.516 — — 31 December 2019 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Fair value hedges Interest rate risk Interest rate instruments Nominal 8 106 1,406 16,707 10,219 28,446 Average fixed interest rate (%) GBP — — — 1.430 6.820 Average fixed interest rate (%) EUR 5.300 2.410 3.200 0.790 2.580 Average fixed interest rate (%) CHF — — — 0.800 0.400 Average fixed interest rate (%) JPY — — — 0.460 — Average fixed interest rate (%) USD — — 2.050 3.120 3.930 Foreign exchange risk Exchange and interest rate instruments Nominal 211 3,903 4,777 — — 8,891 Average GBP/EUR exchange rate — 0.860 0.870 — — Average USD/EUR exchange rate — 1.120 1.120 — — Average USD/CLP exchange rate 747.720 747.900 746.700 — — Average CNY/EUR exchange rate — 7.910 8.010 — — Average SAR/EUR exchange rate 4.160 0.042 — — — Interest rate and foreign exchange rate risk Exchange and interest rate instruments Nominal 14 289 346 2,599 949 4,197 Average fixed interest rate (%) AUD/EUR — — — 4.000 4.660 Average fixed interest rate (%) CZK/EUR — — — 0.860 — Average fixed interest rate (%) EUR/COP — — 6.160 — — Average fixed interest rate (%) RON/EUR — — — 4.850 — Average fixed interest rate (%) HKD/EUR — — 2.520 2.580 — Average fixed interest rate (%) JPY/EUR — — 0.540 0.660 1.280 Average fixed interest rate (%) NOK/EUR — — — — 3.610 Average fixed interest rate (%) CHF/EUR — — — — 1.240 Average fixed interest rate (%) USD/COP 7.540 — 5.670 7.620 7.220 Average AUD/EUR exchange rate — — — 1.499 1.508 Average CZK/EUR exchange rate — — — 25.407 26.030 Average EUR/GBP exchange rate — 1.171 — — — Average HKD/EUR exchange rate — — 8.719 8.782 — Average JPY/EUR exchange rate — — 130.470 132.461 125.883 Average MXN/EUR exchange rate — — — 14.696 — Average NOK/EUR exchange rate — — — — 9.606 Average RON/EUR exchange rate — — — 4.727 — Average CHF/EUR exchange rate — — — 1.092 1.105 Average USD/MXN exchange rate — — — 0.052 — 31 December 2019 EUR million Up to one month One to three months Three months to one year One year to five years More than five Total Credit Risk Credit risk instruments Nominal — 13 — 244 — 257 Cash flow hedges Interest rate and foreign exchange rate risk Interest rate and foreign exchange rate instruments Nominal — — 353 4,410 207 4,970 Interest rate risk Bond Forward instruments Nominal 11,626 — 1,792 5,443 — 18,861 Hedges of net investments in foreign operations Exchange rate risk Exchange and interest rate instruments Nominal 2,592 3,838 13,595 3,359 — 23,384 Average BRL/EUR exchange rate 4.590 4.740 4.740 4.880 — Average CLP/EUR exchange rate 822.130 822.320 811.640 824.360 — Average COP/EUR exchange rate — — 3,828.610 — — Average GBP/EUR exchange rate 0.890 0.910 0.940 — — Average MAD/EUR exchange rate — 10.770 10.870 — — Average MXN/EUR exchange rate 23.490 23.100 23.270 — — Average PLN/EUR exchange rate 4.370 4.380 4.390 — — |
Interest income (Tables)
Interest income (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Interest income | |
Detail of main interest and similar income items | The detail of the main interest and similar income items earned in 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Loans and advances, central banks 476 431 1,314 Loans and advances, credit institutions 916 894 1,785 Debt instruments 5,724 5,022 6,378 Loans and advances, customers 38,649 38,788 46,180 Other interest 698 606 1,128 46,463 45,741 56,785 |
Interest expense (Tables)
Interest expense (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Interest Expense | |
Detail of main items of interest expense and similar charges | The detail of the main items of interest expense and similar charges accrued in 2021, 2020 and 2019 is as follows: EUR million 2021 2020 2019 Central banks deposits 338 366 468 Credit institution deposits 1,140 1,652 2,576 Customer deposits 5,452 5,599 10,137 Debt securities issued and subordinated liabilities 4,838 5,119 6,679 Marketable debt securities 4,190 4,548 6,034 Subordinated liabilities (note 23) 648 571 645 Provisions for pensions (note 25) 91 95 145 Lease Liabilities 125 186 273 Other interest expense 1,109 730 1,224 13,093 13,747 21,502 |
Dividend income (Tables)
Dividend income (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Dividend income Abstract | |
Detail of Income from dividends | The detail of Income from dividends as follows: EUR million 2021 2020 2019 Dividend income classified as: Financial assets held for trading 369 272 388 Non-trading financial assets mandatorily at fair value through profit or loss 32 31 34 Financial assets at fair value through other comprehensive income 112 88 111 513 391 533 |
Commission income (Tables)
Commission income (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Fee and commission income [abstract] | |
Detail of fee and commission income | The detail of fee and commission income is as follows: EUR million 2021 2020 2019 Coming from collection and payment services Bills 214 265 328 Demand accounts 1,408 1,284 1,382 Cards 3,138 2,986 3,858 Orders 503 484 478 Cheques and other 139 110 155 5,402 5,129 6,201 Coming from non-banking financial products Investment funds 992 888 943 Pension funds 161 170 180 Insurance 2,467 2,289 2,631 3,620 3,347 3,754 Coming from Securities services Securities underwriting and placement 431 394 364 Securities trading 319 316 281 Administration and custody 402 336 485 Asset management 369 316 293 1,521 1,362 1,423 Other Foreign exchange 522 500 612 Financial guarantees 415 409 521 Commitment fees 442 366 293 Other fees and commissions 1,890 1,911 2,545 3,269 3,186 3,971 13,812 13,024 15,349 |
Commission expense (Tables)
Commission expense (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Fee and commission expense [abstract] | |
Detail of fee and commission expense | The detail of commission expense is as follows: EUR million 2021 2020 2019 Commissions assigned to third parties 1,993 1,856 2,350 Cards 1,355 1,249 1,616 By collection and return of effects 16 12 12 Other fees assigned 622 595 722 Other commissions paid 1,317 1,153 1,220 Brokerage fees on lending and deposit transactions 60 26 27 Sales of insurance and pension funds 341 248 232 Other fees and commissions 916 879 961 3,310 3,009 3,570 |
Gains or losses on financial _2
Gains or losses on financial assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Gains or losses on financial assets and liabilities | |
Schedule of detail, by origin, of gains/losses on financial assets and liability | The detail, by origin, of Gains/losses on financial assets and liabilities: EUR million 2021 2020 2019 Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net 628 1,107 1,136 Financial assets at amortized cost 89 (31) 308 Other financial assets and liabilities 539 1,138 828 Of which debt instruments 567 1,179 804 Gains or losses on financial assets and liabilities held for trading, net* 1,141 3,211 1,349 Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss 132 82 292 Gains or losses on financial assets and liabilities measured at fair value through profit or loss, net* 270 (171) (286) Gains or losses from hedge accounting, net (46) 51 (28) 2,125 4,280 2,463 * Includes the net result obtained by transactions with debt securities, equity instruments, derivatives and short positions included in this portfolio when the Group jointly manages its risk in these instruments. |
Schedule of exchange differences, net | As explained in note 44, the above breakdown should be analysed in conjunction with the 'Exchange differences, net': EUR million 2021 2020 2019 Exchange differences, net (562) (2,093) (932) |
Schedule of detail of asset balances measured at fair value through profit or loss | The detail of the amount of the asset balances is as follows: EUR million 2021 2020 2019 Loans and receivables: 34,812 46,589 59,624 Central banks 3,608 9,481 6,473 Credit institutions 13,549 12,139 21,649 Customers 17,655 24,969 31,502 Debt instruments 30,223 41,573 36,402 Equity instruments 19,119 12,849 15,787 Derivatives 54,292 67,137 63,397 138,446 168,148 175,210 |
Schedule of detail of liability balances measured at fair value through profit or loss | The detail of the amount of the liability balances is as follows: EUR million 2021 2020 2019 Deposits 40,946 43,598 57,111 Central banks 1,645 2,490 12,854 Credit institutions 7,552 6,765 9,340 Customer 31,749 34,343 34,917 Marketable debt securities 5,454 4,440 3,758 Short positions 12,236 16,698 14,123 Derivatives 53,566 64,469 63,016 Other financial liabilities — — 126 112,202 129,205 138,134 |
Other operating income and ex_2
Other operating income and expenses (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Other operating income and expenses | |
Schedule of other operating income and other operating expenses | Other operating income and Other operating expenses in the consolidated income statements include: EUR million 2021 2020 2019 Insurance activity 211 210 120 Income from insurance and reinsurance contracts issued 1,516 1,452 2,534 Of which: Insurance and reinsurance premium income 1,381 1,349 2,404 Reinsurance income (note 15) 135 103 130 Expenses of insurance and reinsurance contracts (1,305) (1,242) (2,414) Of which: Claims paid, other insurance-related expenses and net provisions for insurance contract liabilities (1,097) (1,063) (2,183) Reinsurance premiums paid (208) (179) (231) Other operating income 2,255 1,920 1,797 Non- financial services 291 362 379 Other operating income 1,964 1,558 1,418 Other operating expense (2,442) (2,342) (2,138) Non-financial services (283) (350) (351) Other operating expense: (2,159) (1,992) (1,787) Of which, credit institutions deposit guarantee fund and single resolution fund (1,016) (1,005) (911) 24 (212) (221) |
Staff costs (Tables)
Staff costs (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Average headcount and number of offices | |
Schedule of detail of staff costs | The detail of Staff costs is as follows: EUR million 2021 2020 2019 Wages and salaries 8,466 8,070 8,987 Social Security costs 1,323 1,277 1,426 Additions to provisions for defined benefit pension plans (note 25) 73 76 72 Contributions to defined contribution pension funds 286 283 292 Other Staff costs 1,068 1,077 1,364 11,216 10,783 12,141 |
Schedule of average number of employees | The average number of employees in the Group and Banco Santander, S.A., by professional category, was as follows: Average number of employees 2021 2020 2019 Banco Santander, S.A. 24,512 27,503 30,009 Executive directors and Senior management 19 21 20 Other line personnel 23,343 26,527 29,147 Branches abroad 1,150 955 842 Rest of Spain 10,348 8,878 8,269 Santander UK plc 15,463 16,790 17,961 Santander Brasil 46,269 44,554 47,253 Other companies* 95,913 96,166 97,622 192,505 193,891 201,114 * Does not include staff affected by discontinued operations. |
Schedule of functional breakdown of final employment by gender | The functional breakdown (final employment), by gender, at 31 December 2021 is as follows: FUNCTIONAL BREAKDOWN BY GENDER Senior executives Other executives Other personnel Men Women Men Women Men Women Europe 1,039 390 6,865 3,926 29,934 37,773 North America 223 60 1,181 583 18,299 23,226 South America 318 115 2,955 1,934 29,137 39,112 1,580 565 11,001 6,443 77,370 100,111 The same information, expressed in percentage terms at 31 December 2021 is as follows: Functional breakdown by gender Senior executives Other executives Other personnel Men Women Men Women Men Women Europe 73 % 27 % 64 % 36 % 44 % 56 % North America 79 % 21 % 67 % 33 % 44 % 56 % South America 73 % 27 % 60 % 40 % 43 % 57 % 74 % 26 % 63 % 37 % 44 % 56 % |
Schedule of number of employees with disabilities | The number of employees in the Group with disabilities, distributed by professional categories, at 31 December 2021, is as follows: Number of employees* 2021 Senior management 10 Management 115 Collaborators 3,578 3,703 * An employee with disabilities is considered to be a person who is recognised by the State or the company in each jurisdiction where the Group operates and that entitles them to receive direct monetary assistance, or other types of aid such as, for example, reduction of their taxes. In the case of Spain, employees with disabilities have been considered to be those with a degree of disabilities greater than or equal to 33%. |
Schedule of deferred variable remuneration systems | The main share-based payments granted by the Group in force at 31 December, 2021, 2020 and 2019 are described below. i. Bank The variable remuneration policy for the Bank’s executive directors and certain executive personnel of the Bank and of other Group companies includes Bank share-based payments, the implementation of which requires, in conformity with the law and the Bank’s Bylaws, specific resolutions to be adopted by the general meeting. Were it necessary or advisable for legal, regulatory or other similar reasons, the delivery mechanisms described below may be adapted in specific cases without altering the maximum number of shares linked to the plan or the essential conditions to which the delivery thereof is subject. These adaptations may involve replacing the delivery of shares with the delivery of cash amounts of an equal value. The plans that include share-based payments are as follows: (i) Deferred and Conditional Variable Remuneration Plan; (ii) Deferred Multiyear Objectives Variable Remuneration Plan; (iii) Digital Transformation Award. The characteristics of the plans are set forth below: Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (i) Deferred and conditional variable remuneration plan (2015, 2016, 2017, 2018, 2019, 2020 and 2021) The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three years for the sixth cycles, and over three Beneficiaries: • Executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration which puts them on the same remuneration level as senior executives and employees who assume risks (fifth cycle) • In the case of the sixth, seventh, eighth, ninth, tenth and eleventh cycle, the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan. For the fifth and sixth cycles (2015 to 2016), the accrual of deferred compensation is conditioned, in addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations upon none of the following circumstances existing during the period prior to each of the deliveries, pursuant to the provisions set forth in each case in the plan regulations: i. Poor financial performance of the Group. ii. breach by the beneficiary of internal regulations, including, in particular, those relating to risks. iii. material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards. iv. Significant changes in the Group’s economic capital or risk profile In the case of the seventh, eighth, ninth, tenth and eleventh cycles (2017 to 2021), the accrual of deferred compensation is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan's regulations, to no assumptions in which there is a poor performance of the entity as a whole or of a specific division or area of the entity or of the exposures generated by the personnel, and at least the following factors must be considered: v. significant failures in risk management committed by the entity , or by a business unit or risk control unit. vi. the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures. vii. Regulatory sanctions or judicial sentences for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity. viii. Irregular behaviours, whether individual or collective, considering in particular the negative effects derived from the marketing of inappropriate products and the responsibilities of the persons or bodies that made those decisions. Fifth cycles (2015): • Executive directors and members of the Identified Staff with total variable remuneration higher than 2.6 million euros: 40% paid immediately and 60% deferred over3 years (fourth cycle) or 5 years (fifth cycle). • Division managers, country heads, other executives of the Group with a similar profile and members of the Identified Staff with total variable remuneration between 1.7 million euros (1.8 million in fourth cycle) and 2.6 million euros: 50% paid immediately and 50% deferred over 3 years(fourth cycle) or 5 years (fifth cycle) • Other beneficiaries: 60% paid immediately and 40% deferred over 3 years. Sixth cycle (2016): • 60% of bonus will be paid immediately and 40% deferred over a three years period. Seventh, eighth, ninth, tenth and eleventh cycle (2017, 2018, 2019, 2020 and 2021): • Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years • Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50%paid over 5 years • Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 3 years. Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (ii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018, 2019, 2020 and 2021) The aim is simplifying the remuneration structure, improving the ex ante risk adjustment and increasing the impact of the long-term objectives on the Group’s most relevant roles. The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three Beneficiaries Executive directors, senior managers and certain executives of the Group’s first lines of responsibility. In 2016 the accrual is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan’s regulations that none of The following circumstances during the period prior to each of the deliveries in the terms set forth in each case in the plan’s regulations: i. Poor performance of the Group. ii. breach by the beneficiary of the internal regulations, including in particular that relating to risks. iii. material restatement of the Group’s consolidated financial statements, except when appropriate under a change in accounting regulations. iv. Significant changes in the Group’s economic capital or risk profile. In 2017, 2018, 2019, 2020 and 2021 the accrual is conditioned, in addition to the beneficiary permanence in the Group, with the exceptions contained in the plan’s regulations, to the non-occurrence of instances of poor financial performance from the entity as a whole or of a specific division or area thereof or of the exposures generated by the personnel, at least the following factors must be considered: v. Significant failures in risk management committed by the entity, or by a business unit or risk control unit. vi. the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures. vii. Regulatory sanctions or court rulings for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity. viii. Irregular behaviours, whether individual or collective, considering in particular negative effects derived from the marketing of inappropriate products and responsibilities of persons or bodies that made those decisions. Paid half in cash and half in shares. The maximum number of shares to be delivered is calculated by taking into account the weighted average daily volume of weighted average prices for the fifteen trading sessions prior to the previous Friday (excluding) on the date on which the board decides the bonus for the Executive directors of the Bank. First cycle (2016): • Executive directors and members of the Identified Staff with total variable remuneration higher than or equal to 2.7 million euros: 40% paid immediately and 60% deferred over a 5 years period. • Senior managers, country heads of countries representing at least 1% of the Group´s capital and other members of the identified staff whose total variable remuneration is between 1.7 million and 2.7 million euros: 50% paid immediately and 50% deferred over a 5 years period. • Other beneficiaries: 60% paid immediately and 40% deferred over a 3 years period. The second, third, fourth, fifth and sixth cycles (2017, 2018, 2019,2020 and 2021 respectively) are under the aforementioned deferral rules, except that the variable remuneration considered is the target for each executive and not the actual award. In 2016 the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: • Earnings per share (EPS) growth in 2018 over 2015. • Relative Total Shareholder Return (TSR) in the 2016-2018 period measured against a group of credit institutions. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial year 2018. • Compliance with Santander Group’s underlying return on risk-weighted assets (“RoRWA”) growth target for financial year 2018 compared to financial year 2015. In the second, third, fourth fifth and sixth cycle (2017, 2018, 2019, 2020 and 2021) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: • EPS growth in 2019, 2020, 2021, 2022 and 2023 (over 2016, 2017, 2018, 2019 and 2020, for each respective cycle) • Relative Total Shareholder Return (TSR) measured against a group of 17 credit institutions (second and third cycles) in the periods 2017-2019 and 2018-2019, respectively, and against a group of 9 entities (fourth, fifth and sixth cycle) for the 2019-2021, 2020-2022 and 2010-2023 period. • Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial years 2019, 2020, 2021,2022 and 2023, respectively. Deferred variable remuneration systems Description and plan beneficiaries Conditions Calculation Base (iii) Digital Transformation Award (2019, 2020 and 2021) The 2019, 2020 and 2021 Digital Transformation Incentive (the “Digital Incentive”) is a variable remuneration system that includes the delivery of Santander shares and share options. The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent. The number of beneficiaries is limited to a maximum of 250 employees and the total amount of the incentive is limited to 30 million euros. The funding of this incentive is subject to meeting important milestones that are aligned with the Group´s digital roadmap and have been approved by the board of directors, taking into account the digitalization strategy of the Group, with the aim of becoming the best open, responsible global financial services platform. Performance of incentive shall be measured based on achievement of the following milestones: 1. Launch of a Global Trade Services (GTS) platform. 2. Launch of a Global Merchant Services (GMS) platform. 3. Migration of our fully digital bank, OpenBank, to a "next generation" platform and launch in 3 markets. 4. Extension of SuperDigital in Brazil to at least one other country. 5. Launch of our international payments app based on blockchain Pago FX to non-Santander customers. The milestones for the 2020 Digital Transformation Award were: (i) rolling out the global merchant services (GMS) platform in 3 new geographies, enhancing the platform functionality and achieving volume targets for transactions and participating merchants; (ii) doing the commercial rollout of the global trade services (GTS) platform in 8 new geographies, enhancing platform functionality, and achieving volume targets for on-boarded clients and monthly active users; (iii) launching OpenBank in a new market and migrating the retail banking infrastructure to “new-mode” bank; (iv) launch the global platform SuperDigital in at least 4 countries, driving target active user growth; (v) deploying machine learning across pre-defined markets for 4 priority use cases, rolling out Conversion Rate Optimization (Digital marketing) for at least 40 sales programs, delivering profit targets, and driving reduction of agent handled calls in contact centers; (vi) successfully implementing initiatives related to on-board and identity services, common API (application programming interface) layer, payment hubs, mobile app for SMEs and virtual assistant services; and (vii) launching the PagoFX global platform in at least 4 countries. The milestones for 2021 are: (i)in relation to Pago Nxt Consumer payment platform: implementation of Superdigital platform in seven countries, acquisition of over 1.5 million active customer base and accelerating growth through B2B (business to business) and B2B2C (business to business to customer) partnerships, acquiring more than 50% of the new customers through these channels, which are more cost-effective; (ii)in relation to Digital Consumer Bank: launching online API for checkout lending in the European Union and completion of controllable items for Openbank launch in USA; (iii)in relation to One Santander strategy: implementation in Europe of One Common Mobile Experience and, specifically, implementation of Europe ONE app for individual customers in at least three of the four countries by December 2021; and be among the three-top rated entities in terms of Mobile NetPromoter Score (Mobile NPS) in at least two of the four countries by December 2021; (iv) In relation to cloud adoption: host 75% of migratable virtual machines on cloud technology (either public cloud or OHE) by December 2021. For these purposes, mainframes, physical servers and servers with non-x86 operating systems will be considered non-migratable. The Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five years deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting. Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general malus & clawback provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Santander Group. In this regard, the board may define specific rules for non-Identified Staff. Vested share options can be exercised until maturity, with all options lapsing after ten years (for granting the 2019 incentive) and eight years (for granting the 2020 and 2021 incentive). The total achievement for 2021 Digital Incentive was 77.5% (85% en 2020 and 83% en 2019). |
Schedule of options activity | The long-term incentive plans on shares of the Bank granted by management of Santander UK plc to its employees are as follows: Number of shares (in thousand) Exercise price in pounds sterling* Year granted Employee group Number of persons** Date of commencement of exercise period Date of expiry of exercise period Plans outstanding at 01/01/2019 26.838 Options granted (sharesave) 9,594 2.83 2019 Employees 5,606 01/11/19 01/11/22 01/11/19 01/11/24 Options exercised (7,978) 2.83 Options cancelled (net) or not exercised (5,081) 3.42 Plans outstanding at 31/12/2019 23,373 Options granted (sharesave) 11,642 1.65 2020 Employees 5,012 01/11/20 01/11/23 01/11/20 01/11/25 Options exercised (860) 2.75 Options cancelled (net) or not exercised (12,993) 2.96 Plans outstanding at 31/12/2020 21,162 Options granted (sharesave) 9,414 2.43 2021 Employees 4,142 11/01/21 11/01/24 11/01/21 11/01/26 Options exercised (48) 1.86 Options cancelled (net) or not exercised (4,592) 2.95 Plans outstanding at 31/12/2021 25,936 * At 31 December, 2021, 2020 and 2019, the euro/pound sterling exchange rate was EUR 1.1904 GBP 1, EUR 1.1168 GBP 1; EUR 1.1754 GBP 1, respectively. ** Number of accounts/contracts. A single employee may have more than one account/contract. |
Other general administrative _2
Other general administrative expenses (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Other General Administrative Expense | |
Schedule of detail of other general administrative expenses | The detail of Other general administrative expenses is as follows: EUR million 2021 2020 2019 Technology and systems 2,182 2,119 2,161 Property, fixtures and supplies 789 827 975 Technical reports 689 672 677 Taxes other than income tax 558 537 522 Advertising 510 523 685 Communications 401 473 518 Surveillance and cash courier services 306 325 416 Insurance premiums 109 88 86 Per diems and travel expenses 69 73 226 Other administrative expenses 1,830 1,900 1,872 7,443 7,537 8,138 |
Schedule of technical reports includes the fees paid by various Group companies | Technical reports includes the fees paid by the various Group companies (detailed in the accompanying appendices) for the services provided by their respective auditors, the detail being as follows: EUR million 2021 2020 2019 Audit fees 103.7 99.4 102.4 Audit-related fees 6.0 6 7.8 Tax fees 0.7 0.8 0.7 All other fees 2.4 1.2 2.3 Total 112.8 107.4 113.2 |
Schedule of number of offices | The number of offices at 31 December 2021, 2020 and 2019 is as follows: Number of branches Group 2021 2020 2019 Spain 1,998 2,989 3,286 Group 7,881 8,247 8,666 9,879 11,236 11,952 |
Gains or losses on non financ_2
Gains or losses on non financial assets, net (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Gains (losses) on disposals of non-current assets [abstract] | |
Detail of gains/ (losses) on disposal of assets not classified as non-current assets held for sale | The detail of Gains/ (losses) on disposal of assets not classified as non-current assets held for sale is as follows: EUR million 2021 2020 2019 Gains Tangible and intangible assets 87 89 131 Investments 2 60 1,219 Of which: Custody Business (note 3) — — 989 Prisma — — 194 89 149 1,350 Losses Tangible and intangible assets (36) (34) (55) Investments — (1) (4) (36) (35) (59) 53 114 1,291 |
Gains or losses on non-curren_2
Gains or losses on non-current assets held for sale not classified as discontinued operations (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Non-current assets held for sale | |
Schedule of gains or losses on non-current assets held for sale that were not classified as discontinued operations | The detail of Gains/(losses) on non-current assets held for sale not classified as discontinued operations is as follows: EUR million Net balance 2021 2020 2019 Tangible assets (52) (171) (232) Impairment (141) (215) (146) Gain (loss) on sale 89 44 (86) Other gains and other losses 9 — — (43) (171) (232) |
Other disclosures (Tables)
Other disclosures (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Other disclosures | |
Schedule of certain financial assets and liabilities by maturity | The detail, by maturity, of the balances of certain items in the consolidated balance sheet at 31 December 2021, 2020 and 2019 is presented below: 31 December 2021 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Assets Cash, cash balances at Central Banks and other deposits on demand 210,689 — — — — — — 210,689 Financial assets at fair value through other comprehensive income — 10,378 9,507 10,447 20,001 17,745 37,507 105,585 Debt instruments — 10,352 9,246 9,609 19,133 16,494 33,088 97,922 Loans and advances — 26 261 838 868 1,251 4,419 7,663 Customers — 26 261 838 868 1,251 4,419 7,663 Financial assets 35,520 89,819 72,018 121,272 154,345 130,456 434,468 1,037,898 Debt instruments — 2,229 1,983 4,171 2,205 15,388 9,732 35,708 Loans and advances 35,520 87,590 70,035 117,101 152,140 115,068 424,736 1,002,190 Central banks — 14,544 — — — — 1,113 15,657 Credits institutions 11,849 11,042 9,760 4,542 93 150 1,733 39,169 Customers 23,671 62,004 60,275 112,559 152,047 114,918 421,890 947,364 246,209 100,197 81,525 131,719 174,346 148,201 471,975 1,354,172 Liabilities Financial liabilities 718,435 98,928 70,085 99,223 194,879 98,210 69,409 1,349,169 Deposits 711,377 81,269 45,687 64,096 117,585 52,658 5,915 1,078,587 Central banks 92 4,657 1,204 2,130 91,651 40,013 10 139,757 Credit institutions 12,854 3,493 12,715 12,507 4,712 1,981 3,973 52,235 Customer deposits 698,431 73,119 31,768 49,459 21,222 10,664 1,932 886,595 Marketable debt — 13,599 17,951 29,798 71,333 45,198 62,830 240,709 Other financial liabilities 7,058 4,060 6,447 5,329 5,961 354 664 29,873 718,435 98,928 70,085 99,223 194,879 98,210 69,409 1,349,169 Difference (assets less liabilities) (472,226) 1,269 11,440 32,496 (20,533) 49,991 402,566 5,003 * Includes promissory notes, certificates of deposit and other short-term debt issues. ** See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, notes and other securities) (see note 22). 31 December 2020 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Assets Cash, cash balances at Central Banks and other deposits on demand 153,839 — — — — — — 153,839 Financial assets at fair value through other comprehensive income — 6,664 4,420 7,738 19,923 21,302 58,123 118,170 Debt instruments — 6,664 4,244 7,019 18,365 19,969 52,642 108,903 Loans and advances — — 176 719 1,558 1,333 5,481 9,267 Customers — — 176 719 1,558 1,333 5,481 9,267 Financial assets 51,513 57,047 60,288 109,561 150,399 120,376 409,194 958,378 Debt instruments — 2,857 1,327 5,760 3,059 5,257 7,818 26,078 Loans and advances 51,513 54,190 58,961 103,801 147,340 115,119 401,376 932,300 Central banks — 10,762 — — 673 — 1,064 12,499 Credits institutions 21,337 4,405 4,545 3,910 3,207 34 400 37,838 Customers 30,176 39,023 54,416 99,891 143,460 115,085 399,912 881,963 205,352 63,711 64,708 117,299 170,322 141,678 467,317 1,230,387 Liabilities Financial liabilities 640,613 84,875 90,394 93,296 175,238 80,041 83,731 1,248,188 Deposits 632,305 64,630 67,707 61,142 109,856 32,464 22,287 990,391 Central banks 150 5,204 5,295 3,216 83,112 15,827 — 112,804 Credit institutions 14,370 7,158 15,227 9,940 5,618 5,934 4,373 62,620 Customer deposits 617,785 52,268 47,185 47,986 21,126 10,703 17,914 814,967 Marketable debt — 14,981 18,276 30,994 59,526 47,143 59,909 230,829 Other financial liabilities 8,308 5,264 4,411 1,160 5,856 434 1,535 26,968 640,613 84,875 90,394 93,296 175,238 80,041 83,731 1,248,188 Difference (assets less liabilities) (435,261) (21,164) (25,686) 24,003 (4,916) 61,637 383,586 (17,801) * Includes promissory notes, certificates of deposit and other short-term debt issues. 31 December 2019 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Assets Cash, cash balances at Central Banks and other deposits on demand 101,067 — — — — — — 101,067 Financial assets at fair value through other comprehensive income — 6,933 2,704 7,689 19,101 17,989 68,429 122,845 Debt instruments — 6,879 2,699 7,554 17,489 17,063 66,721 118,405 Loans and advances — 54 5 135 1,612 926 1,708 4,440 Customers — 54 5 135 1,612 926 1,708 4,440 Financial assets 51,702 73,890 76,229 116,511 150,365 103,584 423,201 995,482 Debt instruments — 1,563 1,847 3,073 2,549 3,642 17,115 29,789 Loans and advances 51,702 72,327 74,382 113,438 147,816 99,942 406,086 965,693 Central banks — 17,086 — — — — 1,388 18,474 Credit institutions 17,665 6,223 4,602 7,435 3,963 428 627 40,943 Customers 34,037 49,018 69,780 106,003 143,853 99,514 404,071 906,276 152,769 80,823 78,933 124,200 169,466 121,573 491,630 1,219,394 Liabilities Financial liabilities 619,003 99,203 88,546 159,120 134,799 61,282 68,792 1,230,745 Deposits 607,051 76,101 61,627 111,190 64,781 14,224 7,443 942,417 Central banks 99 462 64 33,229 28,424 190 — 62,468 Credit institutions 23,526 14,494 18,922 14,245 9,327 5,668 4,319 90,501 Customer deposits 583,426 61,145 42,641 63,716 27,030 8,366 3,124 789,448 Marketable debt — 16,008 22,569 47,808 65,545 46,577 59,712 258,219 Other financial liabilities 11,952 7,094 4,350 122 4,473 481 1,637 30,109 619,003 99,203 88,546 159,120 134,799 61,282 68,792 1,230,745 Difference (assets less liabilities) (466,234) (18,380) (9,613) (34,920) 34,667 60,291 422,838 (11,351) * Includes promissory notes, certificates of deposit and other short-term debt issues. |
Schedule of undiscounted contractual maturities of financial liabilities at amortized cost by maturity | The detail of the undiscounted contractual maturities of the existing financial liabilities at amortised cost at 31 December 2021, 2020 and 2019 is as follows: 31 December 2021 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Financial liabilities at amortized cost Deposits 705,129 75,102 45,552 62,896 116,343 52,031 5,884 1,062,937 Central banks 83 4,657 1,205 2,131 91,327 39,579 10 138,992 Credit institutions 12,683 3,491 12,693 11,867 4,504 1,945 3,950 51,133 Customer 692,363 66,954 31,654 48,898 20,512 10,507 1,924 872,812 Marketable debt securities — 14,067 18,508 30,618 73,131 46,367 64,318 247,009 Other financial liabilities 7,059 4,060 6,447 5,329 5,961 354 663 29,873 712,188 93,229 70,507 98,843 195,435 98,752 70,865 1,339,819 31 December 2020 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Financial liabilities at amortized cost Deposits 629,043 62,872 67,567 60,465 108,326 32,260 22,228 982,761 Central banks 150 5,204 5,293 3,217 82,803 15,827 — 112,494 Credit institutions 14,334 7,158 15,209 9,606 5,031 5,903 4,333 61,574 Customer 614,559 50,510 47,065 47,642 20,492 10,530 17,895 808,693 Marketable debt securities — 15,298 19,009 31,103 58,645 46,118 56,730 226,903 Other financial liabilities 8,308 5,264 4,411 1,160 5,856 434 1,535 26,968 637,351 83,434 90,987 92,728 172,827 78,812 80,493 1,236,632 . 31 December 2019 EUR million On Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Financial liabilities at amortized cost Deposits 603,126 75,899 61,107 109,747 63,013 14,027 7,228 934,147 Central banks 99 454 41 32,805 28,255 190 — 61,844 Credit institutions 23,348 14,491 18,810 14,134 8,519 5,478 4,113 88,893 Customer 579,679 60,954 42,256 62,808 26,239 8,359 3,115 783,410 Marketable debt securities — 16,252 22,912 48,030 64,650 45,830 58,215 255,889 Other financial liabilities 11,952 7,094 4,350 122 4,473 481 1,637 30,109 615,078 99,245 88,369 157,899 132,136 60,338 67,080 1,220,145 |
Schedule of remainder of financial assets, liabilities and memorandum items by maturity | Below is a breakdown of contractual maturities for the rest of financial assets and liabilities as of 31 December 2021, 2020 and 2019 : 31 December 2021 EUR million Within 1 months 1 to 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL ASSETS Financial assets held for trading 13,120 8,767 20,627 20,047 15,105 39,287 116,953 Derivatives 1,456 3,487 7,426 12,285 11,980 17,658 54,292 Equity instruments — — — — — 15,077 15,077 Debt instruments 922 2,056 8,585 5,766 2,869 6,552 26,750 Loans and advances 10,742 3,224 4,616 1,996 256 — 20,834 Central banks 3,608 — — — — — 3,608 Credits institutions 4,827 780 3,982 808 — — 10,397 Customers 2,307 2,444 634 1,188 256 — 6,829 Financial assets designated at fair value through profit or loss 844 1,607 2,928 3,686 2,334 4,558 15,957 Debt instruments 2 62 142 699 700 911 2,516 Loans and advances 842 1,545 2,786 2,987 1,634 3,647 13,441 Credit institutions 455 683 1,476 205 10 323 3,152 Customers 387 862 1,310 2,782 1,624 3,324 10,289 Non-trading financial assets mandatorily at fair value through profit or loss 116 — 49 127 67 5,177 5,536 Equity instruments — — — — — 4,042 4,042 Debt instruments 4 — 40 4 6 903 957 Loans and advances 112 — 9 123 61 232 537 Customers 112 — 9 123 61 232 537 Financial assets at fair value through other comprehensive income — — — — — 2,453 2,453 Equity instruments — — — — — 2,453 2,453 Hedging derivatives 239 129 857 748 1,270 1,518 4,761 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 227 202 (11) (304) 19 277 410 TOTAL FINANCIAL ASSETS 14,546 10,705 24,450 24,304 18,795 53,270 146,070 31 December 2021 EUR million Within 1 months 1 to 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total FINANCIAL LIABILITIES Financial liabilities held for trading 22,746 3,396 9,234 15,709 12,750 15,634 79,469 Derivatives 1,742 2,743 7,583 14,868 11,912 14,718 53,566 Shorts positions 8,337 222 1,290 728 743 916 12,236 Deposits 12,667 431 361 113 95 — 13,667 Central banks 994 44 — — — — 1,038 Credits institutions 5,534 385 361 113 95 — 6,488 Customers 6,139 2 — — — — 6,141 Financial liabilities designated at fair value through profit or loss 2,756 4,244 1,685 4,669 1,225 18,154 32,733 Deposits 2,743 4,131 1,246 2,801 764 15,594 27,279 Central banks 569 — 38 — — — 607 Credits institutions 128 109 487 30 178 132 1,064 Customers 2,046 4,022 721 2,771 586 15,462 25,608 Marketable debt securities* 13 113 439 1,868 461 2,560 5,454 Hedging derivatives 360 253 930 1,667 824 1,429 5,463 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 40 5 16 58 49 80 248 TOTAL FINANCIAL LIABILITIES 25,902 7,898 11,865 22,103 14,848 35,297 117,913 * Includes promissory notes, certificates of deposit and other short-term debt issues (see note 22). 31 December 2021 EUR million Within 1 months 1 to 3 months 3 to 12 months 1 to 3 3 to 5 More than 5 years Total Memorandum items Loans commitment granted 116,823 6,706 27,587 51,999 49,781 9,841 262,737 Financial guarantees granted 2,414 1,203 4,251 1,749 687 454 10,758 Other commitments granted 46,614 5,745 12,008 7,297 1,539 2,530 75,733 MEMORANDUM ITEMS 165,851 13,654 43,846 61,045 52,007 12,825 349,228 In the Group’s experience, no outflows of cash or other financial assets take place prior to the contractual maturity date that might affect the information broken down above. 31 December 2020 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total FINANCIAL ASSETS Financial assets held for trading 5,760 6,734 27,753 22,473 18,014 34,211 114,945 Derivatives 4,288 5,268 10,044 15,526 13,681 18,330 67,137 Equity instruments — — — — — 9,615 9,615 Debt instruments 1,472 1,466 17,709 6,947 4,310 5,990 37,894 Loans and advances — — — — 23 276 299 Credits institutions — — — — 3 — 3 Customers — — — — 20 276 296 Financial assets designated at fair value through profit or loss 12,500 14,834 7,205 3,680 3,933 6,565 48,717 Debt instruments 181 78 162 407 719 1,432 2,979 Loans and advances 12,319 14,756 7,043 3,273 3,214 5,133 45,738 Central banks 343 9,138 — — — — 9,481 Credit institutions 6,935 1,514 2,728 590 12 357 12,136 Customers 5,041 4,104 4,315 2,683 3,202 4,776 24,121 Non-trading financial assets mandatorily at fair value through profit or loss 275 — — — 69 4,142 4,486 Equity instruments — — — — — 3,234 3,234 Debt instruments 85 — — — — 615 700 Loans and advances 190 — — — 69 293 552 Central banks — — — — — — — Credits institutions — — — — — — — Customers 190 — — — 69 293 552 Financial assets at fair value through other comprehensive income — — — — — 2,783 2,783 Equity instruments — — — — — 2,783 2,783 Hedging derivatives 1,534 469 1,293 1,107 1,083 2,839 8,325 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 173 8 132 205 381 1,081 1,980 TOTAL FINANCIAL ASSETS 20,242 22,045 36,383 27,465 23,480 51,621 181,236 31 December 2020 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total FINANCIAL LIABILITIES Financial liabilities held for trading 16,754 3,727 6,286 17,635 16,036 20,729 81,167 Derivatives 1,132 3,206 5,800 17,566 16,036 20,729 64,469 Shorts positions 15,622 521 486 69 — — 16,698 Deposits — — — — — — — Central banks — — — — — — — Credits institutions — — — — — — — Customers — — — — — — — Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 13,468 1,732 2,228 2,893 1,121 26,596 48,038 Deposits 13,459 1,709 1,954 2,497 518 23,461 43,598 Central banks 841 866 783 — — — 2,490 Credits institutions 3,673 112 935 1,493 171 381 6,765 Customers 8,945 731 236 1,004 347 23,080 34,343 Marketable debt securities 9 23 274 396 603 3,135 4,440 Other financial liabilities — — — — — — — Hedging derivatives 2,619 200 588 748 641 2,073 6,869 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 3 6 40 74 64 99 286 TOTAL FINANCIAL LIABILITIES 32,844 5,665 9,142 21,350 17,862 49,497 136,360 31 December 2020 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Memorandum items Loans commitment granted 104,725 9,496 28,207 47,876 40,458 10,468 241,230 Financial guarantees granted 1,809 852 3,732 4,134 1,169 681 12,377 Other commitments granted 39,205 4,529 10,497 5,101 3,207 1,999 64,538 MEMORANDUM ITEMS 145,739 14,877 42,436 57,111 44,834 13,148 318,145 31 December 2019 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total FINANCIAL ASSETS Financial assets held for trading 4,864 3,522 19,740 21,603 18,083 40,418 108,230 Derivatives 3,329 2,233 6,552 15,855 14,925 20,503 63,397 Equity instruments — — — — — 12,437 12,437 Debt instruments 1,531 1,289 13,188 5,748 3,141 7,144 32,041 Loans and advances 4 — — — 17 334 355 Credits institutions — — — — — — — Customers 4 — — — 17 334 355 Financial assets designated at fair value through profit or loss 24,110 13,167 7,602 5,175 3,878 8,137 62,069 Debt instruments 457 10 81 652 381 1,605 3,186 Loans and advances 23,653 13,157 7,521 4,523 3,497 6,532 58,883 Central banks 1,744 4,729 — — — — 6,473 Credit institutions 13,186 4,946 1,534 1,015 9 959 21,649 Customers 8,723 3,482 5,987 3,508 3,488 5,573 30,761 Non-trading financial assets mandatorily at fair value through profit or loss 272 0 4 11 117 4,507 4,911 Equity instruments — — — — — 3,350 3,350 Debt instruments — — — 11 117 1,047 1,175 Loans and advances 272 — 4 — — 110 386 Central banks — — — — — — — Credits institutions — — — — — — — Customers 272 — 4 — — 110 386 Financial assets at fair value through other comprehensive income — — — — — 2,863 2,863 Equity instruments — — — — — 2,863 2,863 Hedging derivatives 807 86 601 1,646 904 3,172 7,216 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 267 1 24 112 265 1,033 1,702 TOTAL FINANCIAL ASSETS 30,320 16,776 27,971 28,547 23,247 60,130 186,991 31 December 2019 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total FINANCIAL LIABILITIES Financial liabilities held for trading 10,851 3,427 7,130 17,244 16,905 21,582 77,139 Derivatives 2,672 1,973 6,591 16,965 16,023 18,792 63,016 Shorts positions 8,179 1,454 539 279 882 2,790 14,123 Deposits — — — — — — — Central banks — — — — — — — Credits institutions — — — — — — — Customers — — — — — — — Marketable debt securities — — — — — — — Other financial liabilities — — — — — — — Financial liabilities designated at fair value through profit or loss 21,929 2,259 5,307 3,565 1,450 26,485 60,995 Deposits 21,904 2,225 4,909 2,429 780 24,864 57,111 Central banks 8,831 1,228 2,795 — — — 12,854 Credits institutions 4,133 521 1,857 2,132 11 686 9,340 Customers 8,940 476 257 297 769 24,178 34,917 Marketable debt securities 14 34 398 1,021 670 1,621 3,758 Other financial liabilities 11 — — 115 — — 126 Hedging derivatives 1,997 337 848 678 528 1,660 6,048 Changes in the fair value of hedged items in portfolio hedges of interest rate risk 3 6 26 53 59 122 269 TOTAL FINANCIAL LIABILITIES 34,780 6,029 13,311 21,540 18,942 49,849 144,451 31 December 2019 EUR million Within 1 to 3 3 to 12 1 to 3 3 to 5 More than Total Memorandum items Loans commitment granted 98,630 16,529 30,370 37,097 48,072 10,481 241,179 Financial guarantees granted 2,176 1,791 5,626 1,933 1,364 760 13,650 Other commitments granted 44,950 3,052 9,957 4,606 4,132 2,198 68,895 MEMORANDUM ITEMS 145,756 21,372 45,953 43,636 53,568 13,439 323,724 |
Schedule of equivalent euro value of assets and liabilities | The detail of the main foreign currency balances in the consolidated balance sheet, based on the nature of the related items, is as follows: Equivalent value in EUR million 2021 2020 2019 Assets Liabilities Assets Liabilities Assets Liabilities Cash, cash balances at central banks and other deposits on demand 105,457 — 76,882 — 65,205 — Financial assets/liabilities held for trading 65,345 49,314 66,448 50,494 60,526 45,262 Non-trading financial assets mandatorily at fair value through profit or loss 2,460 — 2,248 — 2,611 — Other financial assets/liabilities at fair value through profit or loss 1,230 9,103 24,015 18,347 25,938 29,593 Financial assets at fair value through other comprehensive income 78,086 — 79,688 — 76,402 — Financial assets at amortized cost 680,774 — 610,152 — 656,564 — Investments 1,666 — 1,671 — 1,355 — Tangible assets 22,350 — 21,617 — 24,662 — Intangible assets 10,066 — 9,609 — 21,942 — Financial liabilities at amortized cost — 796,395 — 726,516 — 752,188 Liabilities under insurance contracts — 10 — 13 — 13 Other 22,631 20,420 26,433 22,801 25,410 23,428 990,065 875,242 918,763 818,171 960,615 850,484 |
Schedule of financial assets measured at other than fair value | Following is a comparison of the carrying amounts of the Group’s financial instruments measured at other than fair value and their respective fair values at year-end: i) Financial assets measured at other than fair value EUR million 2021 2020 2019 Assets Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Loans and advances 1,002,190 1,006,711 — 69,840 936,871 932,300 940,258 — 65,755 874,503 965,693 975,523 — 82,045 893,478 Debt instruments 35,708 35,378 13,558 12,158 9,662 26,078 26,532 6,753 11,899 7,880 29,789 30,031 10,907 9,971 9,153 1,037,898 1,042,089 13,558 81,998 946,533 958,378 966,790 6,753 77,654 882,383 995,482 1,005,554 10,907 92,016 902,631 |
Schedule of financial liabilities measured at other than fair value | Financial liabilities measured at other than fair value EUR million 2021 2020 2019 Liabilities* Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Carrying amount Fair value Level 1 Level 2 Level 3 Deposits 1,078,587 1,076,876 — 286,613 790,263 990,391 990,807 — 263,517 727,290 942,417 942,397 — 245,143 697,254 Debt instruments 240,709 246,697 109,346 115,034 22,317 230,829 241,174 91,771 125,031 24,372 258,219 266,784 84,793 149,516 32,475 1,319,296 1,323,573 109,346 401,647 812,580 1,221,220 1,231,981 91,771 388,548 751,662 1,200,636 1,209,181 84,793 394,659 729,729 * At 31 December 2021, Grupo Santander had other financial liabilities that amounted to EUR 29,873 million, EUR 26,968 million in 2020 and EUR 30,109 million in 2019. |
Primary and secondary segment_2
Primary and secondary segments reporting (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of operating segments [abstract] | |
Condensed balance sheets and income statements of geographical segments | The condensed balance sheets and income statements of the various primary segments are as follows: EUR million 2021 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 943,875 244,734 257,805 148,005 215,467 (214,051) 1,595,835 Loans and advances to customers 590,610 137,428 123,920 113,937 6,787 — 972,682 Cash, balances at central banks and credit institutions and other deposits on demand 219,154 34,857 43,134 21,804 88,918 (125,195) 282,672 Debt instruments 67,068 38,500 51,451 5,280 1,554 — 163,853 Other financial assets 37,250 12,555 23,809 47 2,203 — 75,864 Other asset accounts 29,793 21,394 15,491 6,937 116,005 (88,856) 100,764 Total liabilities 899,007 216,048 237,375 135,599 135,950 (125,197) 1,498,782 Customer deposits 619,486 121,989 120,500 55,327 1,042 — 918,344 Central banks and credit institutions 156,257 35,152 44,314 37,600 53,063 (125,197) 201,189 Marketable debt securities 73,629 38,061 23,461 36,710 74,302 — 246,163 Other financial liabilities*** 38,706 14,652 40,490 1,397 430 — 95,675 Other liabilities accounts**** 10,929 6,194 8,610 4,565 7,113 — 37,411 Total equity 44,868 28,686 20,430 12,406 79,517 (88,854) 97,053 Other customer funds under management 114,698 13,949 57,428 852 — — 186,927 Investment funds 82,641 12,112 51,234 — — — 145,987 Pension funds 15,994 84 — — — — 16,078 Assets under management 16,063 1,753 6,194 852 — — 24,862 Other non-managed marketed customer funds 41,483 15,843 6,296 3,350 — — 66,972 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Investments in joint ventures and associated entities, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. EUR million 2020 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 909,304 223,797 238,746 137,155 182,587 (183,339) 1,508,250 Loans and advances to customers 563,581 120,571 113,745 113,258 5,044 — 916,199 Cash, balances at central banks and credit institutions and other deposits on demand 180,245 28,666 43,154 12,058 61,174 (99,501) 225,796 Debt instruments 81,271 38,403 49,304 5,659 1,917 — 176,554 Other financial assets* 48,313 15,439 17,342 30 1,645 — 82,769 Other asset accounts** 35,894 20,718 15,201 6,150 112,807 (83,838) 106,932 Total liabilities 866,949 199,789 218,927 124,720 106,044 (99,501) 1,416,928 Customer deposits 582,353 102,924 111,808 51,399 826 — 849,310 Central banks and credit institutions 133,973 38,071 42,049 32,046 38,041 (99,501) 184,679 Marketable debt securities 84,201 36,583 21,280 35,965 57,240 — 235,269 Other financial liabilities*** 54,634 16,182 35,456 1,370 493 — 108,135 Other liabilities accounts**** 11,788 6,029 8,334 3,940 9,444 — 39,535 Total equity 42,355 24,008 19,819 12,435 76,543 (83,838) 91,322 Other customer funds under management 99,301 12,501 55,965 475 12 — 168,254 Investment funds 71,239 10,864 49,850 — 12 — 131,965 Pension funds 15,487 90 — — — — 15,577 Assets under management 12,575 1,547 6,115 475 — — 20,712 Other non-managed marketed customer funds 34,313 11,915 6,187 1,134 — — 53,549 * Including Trading derivatives and Equity instruments. ** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Investments in joint ventures and associated entities, Assets under insurance or reinsurance contracts, tangible assets, intangible assets, tax assets, other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including' Hedging derivatives', Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. EUR million 2019 Balance sheet (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Intra-Group eliminations Total Total assets 895,322 223,972 253,919 131,627 168,352 (150,497) 1,522,695 Loans and advances to customers 563,101 133,727 125,122 114,504 5,764 — 942,218 Cash, balances at central banks and credit institutions and other deposits on demand 140,528 22,904 51,379 8,794 32,804 (67,803) 188,606 Debt instruments 101,189 33,749 45,622 3,196 840 — 184,596 Other financial assets* 53,918 10,822 14,864 37 2,406 — 82,047 Other asset accounts** 36,586 22,770 16,932 5,096 126,538 (82,694) 125,228 Total liabilities 851,324 200,057 231,392 119,630 77,435 (67,802) 1,412,036 Customer deposits 559,720 98,915 114,817 50,120 793 — 824,365 Central banks and credit institutions 125,046 39,016 42,030 25,175 11,698 (67,802) 175,163 Marketable debt securities 94,882 44,097 29,840 38,661 54,497 — 261,977 Other financial liabilities*** 59,241 11,773 34,072 1,652 636 — 107,374 Other liabilities accounts**** 12,435 6,256 10,633 4,022 9,811 — 43,157 Total equity 43,998 23,915 22,527 11,997 90,917 (82,695) 110,659 Other customer funds under management 86,558 14,319 76,023 — 11 — 176,911 Investment funds 62,203 11,703 69,071 — 11 — 142,988 Pension funds 11,746 98 — — — — 11,844 Assets under management 12,609 2,518 6,952 — — — 22,079 Other non-managed marketed customer funds 32,706 15,872 60 850 — — 49,488 * Including 'Trading derivatives' and 'Equity instruments'. ** Including 'Hedging derivatives', 'Changes in the fair value of hedged items in portfolio hedges of interest risk', 'Investments in joint ventures and associated entities'', 'Assets under insurance or reinsurance contracts', 'Tangible assets', 'Intangible assets', 'Tax assets', other assets and non-current assets held for sale. *** Including Trading derivatives, Short positions and Other financial liabilities. **** Including Hedging derivatives, Changes in the fair value of hedged items in portfolio hedges of interest risk, Liabilities under insurance or reinsurance contracts, provisions, tax liabilities, other liabilities and liabilities associated with non-current assets held for sale. |
Schedule of condensed income statements of business segments | The condensed income statements for the primary segments are as follows: EUR million 2021 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate centre Total Net interest income 10,574 8,072 11,307 4,041 (624) 33,370 Net fee income 4,344 1,644 3,721 821 (28) 10,502 Gains (losses) on financial transactions* 756 224 716 8 (141) 1,563 Other operating income** 260 914 (407) 229 (27) 969 Total income 15,934 10,854 15,337 5,099 (820) 46,404 Administrative expenses, depreciation and amortisation (8,318) (4,967) (5,379) (2,405) (346) (21,415) Net operating income*** 7,616 5,887 9,958 2,694 (1,166) 24,989 Net loan-loss provisions**** (2,293) (1,210) (3,251) (527) (155) (7,436) Other gains (losses) and provisions***** (1,290) (145) (474) (194) (190) (2,293) Operating profit/(loss) before tax 4,033 4,532 6,233 1,973 (1,511) 15,260 Tax on profit (1,212) (1,016) (2,360) (464) (24) (5,076) Profit from continuing operations 2,821 3,516 3,873 1,509 (1,535) 10,184 Net profit from discontinued operations — — — — — — Consolidated profit 2,821 3,516 3,873 1,509 (1,535) 10,184 Non-controlling interests 71 556 556 345 2 1,530 Attributable profit to the parent 2,750 2,960 3,317 1,164 (1,537) 8,654 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** 'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** 'Net loan-loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 29 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release EUR 29 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. EUR million 2020 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Total Net interest income 9,518 8,394 10,710 4,014 (642) 31,994 Net fee income 4,000 1,684 3,589 771 (29) 10,015 Gains (losses) on financial transactions* 868 251 765 16 287 2,187 Other operating income** (106) 628 (209) 116 (25) 404 Total income 14,280 10,957 14,855 4,917 (409) 44,600 Administrative expenses, depreciation and amortisation (8,275) (4,677) (5,357) (2,329) (329) (20,967) Net operating income*** 6,005 6,280 9,498 2,588 (738) 23,633 Net loan-loss provisions**** (3,345) (3,917) (3,924) (957) (31) (12,174) Other gains (losses) and provisions***** (970) (132) (320) 49 (412) (1,785) Operating profit/(loss) before tax 1,690 2,231 5,254 1,680 (1,181) 9,674 Tax on profit (476) (550) (1,918) (421) (151) (3,516) Profit from continuing operations 1,214 1,681 3,336 1,259 (1,332) 6,158 Net profit from discontinued operations — — — — — — Consolidated profit 1,214 1,681 3,336 1,259 (1,332) 6,158 Non-controlling interests 78 261 437 301 — 1,077 Attributable profit to the parent 1,136 1,420 2,899 958 (1,332) 5,081 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** 'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** 'Loan loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. EUR million 2019 Underlying income statement (condensed) Europe North America South America Digital Consumer Bank Corporate Centre Total Net interest income 9,656 8,834 13,270 3,982 (459) 35,283 Net fee income 4,423 1,776 4,787 843 (50) 11,779 Gains (losses) on financial transactions* 1,045 229 564 (10) (297) 1,531 Other operating income** 399 673 (242) 90 (19) 901 Total income 15,523 11,512 18,379 4,905 (825) 49,494 Administrative expenses, depreciation and amortisation (8,912) (4,983) (6,673) (2,339) (373) (23,280) Net operating income*** 6,611 6,529 11,706 2,566 (1,198) 26,214 Net loan-loss provisions**** (1,333) (3,656) (3,789) (508) (35) (9,321) Other gains (losses) and provisions***** (792) (203) (749) 18 (238) (1,964) Operating profit/(loss) before tax 4,486 2,670 7,168 2,076 (1,471) 14,929 Tax on profit (1,218) (652) (2,626) (527) (80) (5,103) Profit from continuing operations 3,268 2,018 4,542 1,549 (1,551) 9,826 Net profit from discontinued operations — — — — — — Consolidated profit 3,268 2,018 4,542 1,549 (1,551) 9,826 Non-controlling interests 167 426 664 326 (9) 1,574 Attributable profit to the parent 3,101 1,592 3,878 1,223 (1,542) 8,252 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** 'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** 'Net loan-loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. The condensed income statements are as follows: EUR million 2021 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking Wealth Management & Insurance PagoNxt Corporate centre Total Net interest income 30,595 2,921 477 1 (624) 33,370 Net fee income 7,045 1,744 1,248 493 (28) 10,502 Gains (losses) on financial transactions* 839 766 100 (1) (141) 1,563 Other operating income** 390 188 416 2 (27) 969 Total income 38,869 5,619 2,241 495 (820) 46,404 Administrative expenses, depreciation and amortisation (17,102) (2,380) (914) (673) (346) (21,415) Net operating income*** 21,767 3,239 1,327 (178) (1,166) 24,989 Net loan-loss provisions**** (7,082) (151) (38) (10) (155) (7,436) Other gains (losses) and provisions***** (2,053) (17) 6 (39) (190) (2,293) Operating profit/(loss) before tax 12,632 3,071 1,295 (227) (1,511) 15,260 Tax on profit (3,898) (821) (309) (24) (24) (5,076) Profit/(loss) from continuing operations 8,734 2,250 986 (251) (1,535) 10,184 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 8,734 2,250 986 (251) (1,535) 10,184 Non-controlling interests 1,345 137 44 2 2 1,530 Attributable profit/(loss) to the parent 7,389 2,113 942 (253) (1,537) 8,654 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. EUR million 2020 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance PagoNxt Corporate Centre Total Net interest income 29,401 2,842 394 (1) (642) 31,994 Net fee income 6,986 1,542 1,154 362 (29) 10,015 Gains (losses) on financial transactions* 1,132 670 99 (1) 287 2,187 Other operating income** (153) 202 383 (3) (25) 404 Total income 37,366 5,256 2,030 357 (409) 44,600 Administrative expenses, depreciation and amortisation (17,285) (2,038) (872) (443) (329) (20,967) Net operating income*** 20,081 3,218 1,158 (86) (738) 23,633 Net loan-loss provisions**** (11,633) (470) (28) (12) (31) (12,174) Other gains (losses) and provisions***** (1,238) (134) 1 (2) (412) (1,785) Operating profit/(loss) before tax 7,210 2,614 1,131 (100) (1,181) 9,674 Tax on profit (2,328) (750) (272) (15) (151) (3,516) Profit/(loss) from continuing operations 4,882 1,864 859 (115) (1,332) 6,158 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 4,882 1,864 859 (115) (1,332) 6,158 Non-controlling interests 921 118 37 1 — 1,077 Attributable profit/(loss) to the parent 3,961 1,746 822 (116) (1,332) 5,081 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. EUR million 2019 Underlying income statement (condensed) Retail Banking Santander Corporate & Investment Banking (SCIB) Wealth Management & Insurance PagoNxt Corporate Centre Total Net interest income 32,588 2,655 479 20 (459) 35,283 Net fee income 8,663 1,520 1,190 456 (50) 11,779 Gains (losses) on financial transactions* 1,025 689 117 (3) (297) 1,531 Other operating income** 291 289 340 — (19) 901 Total income 42,567 5,153 2,126 473 (825) 49,494 Administrative expenses, depreciation and amortisation (19,280) (2,281) (939) (407) (373) (23,280) Net operating income*** 23,287 2,872 1,187 66 (1,198) 26,214 Net loan-loss provisions**** (9,132) (156) 23 (21) (35) (9,321) Other gains (losses) and provisions***** (1,624) (90) (12) — (238) (1,964) Operating profit/(loss) before tax 12,531 2,626 1,198 45 (1,471) 14,929 Tax on profit (3,916) (794) (280) (33) (80) (5,103) Profit/(loss) from continuing operations 8,615 1,832 918 12 (1,551) 9,826 Net profit/(loss) from discontinued operations — — — — — — Consolidated profit/(loss) 8,615 1,832 918 12 (1,551) 9,826 Non-controlling interests 1,364 171 50 (2) (9) 1,574 Attributable profit/(loss) to the parent 7,251 1,661 868 14 (1,542) 8,252 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. |
Schedule of reconciliation of consolidated profit after tax to operating profit before tax | The tables below reconcile the underlying basis results to the statutory results for each of the periods presented as required by IFRS 8. For the purposes of these reconciliations, all material reconciling items are separately identified and described. Grupo Santander assets and liabilities for management reporting purposes do not differ from the statutory reported figures and therefore are not reconciled. EUR million 2021 Reconciliation of underlying results to statutory results Underlying results Adjustments Statutory results Net interest income 33,370 — 33,370 Net fee income 10,502 — 10,502 Gains (losses) on financial transactions* 1,563 — 1,563 Other operating income** 969 — 969 Total income 46,404 — 46,404 Administrative expenses, depreciation and amortisation (21,415) — (21,415) Net operating income*** 24,989 — 24,989 Net loan-loss provisions**** (7,436) — (7,436) Other gains (losses) and provisions***** (2,293) (713) (3,006) Operating profit/(loss) before tax 15,260 (713) 14,547 Tax on profit (5,076) 182 (4,894) Adjusted profit for the year from continuing operations 10,184 (531) 9,653 Profit from discontinued operations (net) — — — Consolidated profit/(loss) 10,184 (531) 9,653 Non-controlling interests (1,530) 1 (1,529) Attributable profit/(loss) to the parent 8,654 (530) 8,124 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for an addition of EUR 29 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. Explanation of adjustments: ◦ Restructuring costs for net impact of EUR -530 million, mainly in the United Kingdom and Portugal. EUR million 2020 Reconciliation of underlying results to statutory results Underlying results Adjustments Statutory results Net interest income 31,994 — 31,994 Net fee income 10,015 — 10,015 Gains (losses) on financial transactions* 2,187 — 2,187 Other operating income** 404 (321) 83 Total income 44,600 (321) 44,279 Administrative expenses, depreciation and amortisation (20,967) (163) (21,130) Net operating income*** 23,633 (484) 23,149 Net loan-loss provisions**** (12,174) (258) (12,432) Other gains (losses) and provisions***** (1,785) (11,008) (12,793) Operating profit/(loss) before tax 9,674 (11,750) (2,076) Tax on profit (3,516) (2,116) (5,632) Adjusted profit for the year from continuing operations 6,158 (13,866) (7,708) Profit from discontinued operations (net) — — — Consolidated profit/(loss) 6,158 (13,866) (7,708) Non-controlling interests 1,077 (14) 1,063 Attributable profit/(loss) to the parent 5,081 (13,852) (8,771) * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for an addition of EUR 50 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations EUR million 2019 Reconciliation of underlying results to statutory results Underlying results Adjustments Statutory results Net interest income 35,283 — 35,283 Net fee income 11,779 — 11,779 Gains (losses) on financial transactions* 1,531 — 1,531 Other operating income** 901 (265) 636 Total income 49,494 (265) 49,229 Administrative expenses, depreciation and amortisation (23,280) — (23,280) Net operating income*** 26,214 (265) 25,949 Net loan-loss provisions**** (9,321) — (9,321) Other gains (losses) and provisions***** (1,964) (2,121) (4,085) Operating profit/(loss) before tax 14,929 (2,386) 12,543 Tax on profit (5,103) 676 (4,427) Adjusted profit for the year from continuing operations 9,826 (1,710) 8,116 Profit from discontinued operations (net) — — — Consolidated profit/(loss) 9,826 (1,710) 8,116 Non-controlling interests 1,574 27 1,601 Attributable profit/(loss) to the parent 8,252 (1,737) 6,515 * Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net. ** Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. *** Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement. **** Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 31 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions. ***** Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 31 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations. |
Related parties (Tables)
Related parties (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of transactions between related parties [abstract] | |
Schedule of related party transactions | Following below is the balance sheet balances and amounts of the Group's income statement corresponding to operations with the parties related to it, distinguishing between associates and joint ventures, members of the Bank's board of directors, the Bank's executive vice presidents, and other related parties. Related-party transactions were made on terms equivalent to those that prevail in arm's-length transactions or, when this was not the case, the related compensation in kind was recognized. EUR million 2021 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 9,386 — 14 384 Cash, cash balances at central banks and other deposits on demand 131 — — — Loans and advances: credit institutions 437 — — — Loans and advances: customers 8,148 — 14 384 Debt instruments 496 — — — Others 174 — — — Liabilities 3,405 8 11 197 Financial liabilities: credit institutions 867 — — — Financial liabilities: customers 2,464 8 11 197 Marketable debt securities — — — — Others 74 — — — Income statement 1,265 — — 1 Interest income 90 — — 1 Interest expense (13) — — — Gains/losses on financial assets and liabilities and others (32) — — — Commission income 1,268 — — — Commission expense (48) — — — Other 3,965 2 2 76 Financial guarantees granted and Others 11 1 1 17 Loan commitments and Other commitments granted 314 1 1 13 Derivative financial instruments 3,640 — — 46 EUR million 2020 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 8,473 — 24 95 Cash, cash balances at central banks and other deposits on demand 151 — — — Loans and advances: credit institutions 562 — — — Loans and advances: customers 6,934 — 24 95 Debt instruments 423 — — — Others 403 — — — Liabilities 3,593 4 16 159 Financial liabilities: credit institutions 944 — — — Financial liabilities: customers 2,557 4 16 159 Marketable debt securities 12 — — — Others 80 — — — Income statement 1,269 — — 3 Interest income 106 — — 2 Interest expense (8) — — — Gains/losses on financial assets and liabilities and others 49 — — — Commission income 1,154 — — 1 Commission expense (32) — — — Other 4,097 1 1 52 Financial guarantees granted and Others 14 — — 3 Loan commitments and Other commitments granted 253 1 1 13 Derivative financial instruments 3,830 — — 36 EUR million 2019 Associates and joint ventures Members of the board of directors Executive vicepresident Other related parties Assets 9,659 — 26 104 Cash, cash balances at central banks and other deposits on demand 740 — — — Loans and advances: credit institutions 961 — — — Loans and advances: customers 6,950 — 26 104 Debt instruments 848 — — — Others 160 — — — Liabilities 2,689 41 12 57 Financial liabilities: credit institutions 563 — — — Financial liabilities: customers 2,064 41 12 57 Marketable debt securities — — — — Others 62 — — — Income statement 1,386 — — 2 Interest income 111 — — 1 Interest expense (15) — — — Gains/losses on financial assets and liabilities and others 47 — — — Commission income 1,269 — — 1 Commission expense (26) — — — Other 4,219 7 3 49 Financial guarantees granted and Others 17 5 2 38 Loan commitments and Other commitments granted 197 1 1 6 Derivative financial instruments 4,005 1 — 5 |
Risk management (Tables)
Risk management (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Risk management | |
Main credit risk aggregates arising on customer business | Following are the main aggregates relating to credit risk from our activities with customers: MAIN CREDIT RISK PERFORMANCE METRICS FROM ACTIVITY WITH CUSTOMERS* December data Credit risk with customers ** Credit impaired loans NPL ratio (%) 2021 2020 2019 2021 2020 2019 2021 2020 2019 Europe 636,123 606,997 605,969 19,822 20,272 21,054 3.12 3.34 3.47 Spain 283,953 272,154 260,251 13,403 14,053 15,047 4.72 5.16 5.78 UK 262,869 252,255 264,297 3,766 3,138 2,736 1.43 1.24 1.04 Portugal 41,941 40,693 37,978 1,442 1,584 1,834 3.44 3.89 4.83 Poland 33,497 31,578 33,566 1,210 1,496 1,447 3.61 4.74 4.31 North America 149,792 131,626 143,839 3,632 2,938 3,165 2.42 2.23 2.20 US 112,808 99,135 105,792 2,624 2,025 2,331 2.33 2.04 2.20 Mexico 36,984 32,476 38,047 1,009 913 834 2.73 2.81 2.19 South America 141,874 129,590 143,428 6,387 5,688 6,972 4.50 4.39 4.86 Brazil 85,702 74,712 88,893 4,182 3,429 4,727 4.88 4.59 5.32 Chile 41,479 42,826 42,000 1,838 2,051 1,947 4.43 4.79 4.64 Argentina 5,481 4,418 5,044 198 93 171 3.61 2.11 3.39 Digital Consumer Bank 117,049 116,381 117,399 2,490 2,525 2,470 2.13 2.17 2.10 Corporate Centre 6,277 4,862 5,872 903 344 138 14.38 7.08 2.34 Total Group 1,051,115 989,456 1,016,507 33,234 31,767 33,799 3.16 3.21 3.32 * Management perimeter according to the reported segments. The Corporate & Investment Banking branches of Banco Santander, S.A. in Europe and other business lines previously reported under 'Other Europe' have been included into the Spain unit. ** Includes gross lending to customers, guarantees and documentary credits. |
Schedule of exposure and impairment losses by stage | In addition, depending on the transactions credit quality, the exposure is divided into three categories according to Standard & Poor's rating scale: EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2021 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 565,443 13,798 — 579,241 From BB- to CCC 237,525 56,170 — 293,695 Default — — 30,711 30,711 Total exposure ** 802,968 69,968 30,711 903,647 Impairment losses*** 4,149 5,103 12,873 22,125 EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2020 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 489,518 9,124 — 498,642 From BB- to CCC 276,516 55,838 — 332,354 Default — — 30,436 30,436 Total exposure ** 766,034 64,962 30,436 861,432 Impairment losses*** 4,458 5,461 13,503 23,422 EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2019 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 552,763 5,532 — 558,295 From BB- to CCC 306,880 47,365 — 354,245 Default — — 31,363 31,363 Total exposure ** 859,643 52,897 31,363 943,903 Impairment losses*** 3,980 4,311 13,276 21,567 * Detail of credit quality ratings calculated for Group management purposes. ** Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. |
Schedule of changes in impairment losses on debt instruments | The changes in 'Financial assets at fair value through other comprehensive income' were as follows: EUR million 2021 2020 2019 Balance at beginning of the year 2,783 2,863 2,671 Net additions (disposals) (276) 833 177 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)* (171) (917) (29) Changes in the RV hedged with micro-hedging transactions 117 4 44 Balance at end of year 2,453 2,783 2,863 * They do not include fair value movements for currency risk hedged with hedging instruments. |
Maximum exposure limits based on credit quality | Our investment strategy for sovereign risk considers country’s credit quality to set the maximum exposure limits*: 2021 2020 2019 AAA 15 % 18 % 20 % AA 32 % 25 % 24 % A 26 % 25 % 18 % BBB 11 % 14 % 15 % Less than BBB 16 % 18 % 23 % *Internal ratings are applied. |
Disclosure of high quality liquid assets | Below is a breakdown of the composition of the Group's liquid assets under the criteria set out in the supervisory prudential reporting (Commission Implementing Regulation (EU) 2017/2114 of 9 November 2017) for the determination of high quality liquid assets for the calculation of the LCR ratio (HQLA): EUR million 2021 2020 Amount weighted applicable Amount weighted applicable High-quality liquid assets-HQLAs Cash and reserves available at central banks 206,507 149,893 Marketable assets Level 1 81,925 104,270 Marketable assets Level 2A 3,422 5,272 Marketable assets Level 2B 5,446 4,200 Total high-quality liquid assets 297,300 263,635 |
Disclosure of liquidity coverage ratio by component | The liquidity coverage ratio, broken down by component, and the net stable funding ratio for the Group at year-end 2021 and 2020 are presented below: EUR million 2021 2020 High-quality liquid assets-HQLAs (numerator) 297,300 263,635 Total net cash outflows (denominator) 181,953 157,368 Cash outflows 233,294 204,813 Cash inflows 51,341 47,445 LCR ratio (%) 163 % 168 % NSFR ratio (%) 126 % 120 % |
Schedule of maturity analysis of assets and guarantees received and committed | The residual maturities of the liabilities associated with the assets and guarantees received and committed are presented below, as of 31 of December of 2021 (EUR thousand million): Residual maturities of the liabilities Unmatured <=1month >1 month >3 months >1 year >2 years 3 years 5 years >10 years Total Committed assets 39.5 32.7 8.2 29.6 106.8 37.1 80.1 20.7 10.4 365.1 Guarantees received committed 24.2 15.3 12.8 25.8 1.9 0.4 0.4 — — 80.8 |
Schedule of on and off-balance sheet assets provided as security in transactions to obtain liquidity | The reported Group information as required by the EBA at 2021 year-end is as follows: ON-BALANCE-SHEET ENCUMBERED ASSETS EUR billion Carrying amount of encumbered assets Fair value of encumbered assets Fair value of non-encumbered assets Carrying amount of non-encumbered assets Loans and advances 262.8 984.4 Equity instruments 8.4 8.4 13.1 13.1 Debt securities 61.0 61.1 102.9 102.8 Other assets 32.9 130.3 Total assets 365.1 1,230.7 ENCUMBRANCE OF COLLATERAL RECEIVED EUR billion Fair value of encumbered collateral received or own debt securities issued Fair value of collateral received or own debt securities issued available for encumbrance Collateral received 80.8 31.5 Loans and advances 1.2 — Equity instruments 5.4 7.0 Debt securities 74.2 24.5 Other collateral received — — Own debt securities issued other than own covered bonds or ABSs — 0.6 ENCUMBERED ASSETS AND COLLATERAL RECEIVED AND MATCHING LIABILITIES EUR billion Matching liabilities, contingent liabilities or securities lent Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered Total sources of encumbrance 325.2 445.9 |
Schedule of regulatory capital | The key regulatory capital figures are indicated below: RECONCILIATION OF ACCOUNTING CAPITAL WITH REGULATORY CAPITAL EUR million 2021 2020 2019 Subscribed capital 8,670 8,670 8,309 Share premium account 47,979 52,013 52,446 Reserves 56,606 62,777 56,526 Treasury shares (894) (69) (31) Attributable profit 8,124 (8,771) 6,515 Approved dividend*** (836) — (1,662) Shareholders’ equity on public balance sheet 119,649 114,620 122,103 Valuation adjustments (32,719) (33,144) (22,032) Non-controlling interests 10,123 9,846 10,588 Total Equity on public balance sheet 97,053 91,322 110,659 Goodwill and intangible assets (16,132) (15,711) (28,478) Eligible preference shares and participating securities 10,050 9,102 9,039 Accrued dividend*** (895) (478) (1,761) Other adjustments* (7,624) (5,734) (9,923) Tier 1** 82,452 78,501 79,536 *Fundamentally for non-computable non-controlling interests and deductions and reasonable filters in compliance with CRR ** Figures calculated by applying the transitional provisions of IFRS 9. ***Assumes 20% of ordinary profit, see note 4.a for proposed distribution of results. The following table shows the capital coefficients and a detail of the eligible internal resources of the Group: 2021 2020 2019 Capital coefficients Level 1 ordinary eligible capital (EUR million) 72,402 69,399 70,497 Level 1 additional eligible capital (EUR million) 10,050 9,102 9,039 Level 2 eligible capital (EUR million) 14,865 12,514 11,531 Risk-weighted assets (EUR million) 578,930 562,580 605,244 Level 1 ordinary capital coefficient (CET 1) 12.51 % 12.34 % 11.65 % Level 1 additional capital coefficient (AT1) 1.73 % 1.61 % 1.49 % Level 1 capital coefficient (TIER1) 14.24 % 13.95 % 13.14 % Level 2 capital coefficient (TIER 2) 2.57 % 2.23 % 1.91 % Total capital coefficient 16.81 % 16.18 % 15.05 % 1. Figures calculated by applying the transitional provisions of IFRS 9 ELIGIBLE CAPITAL EUR million 2021 2020 2019 Eligible capital Common Equity Tier I 72,402 69,399 70,497 Capital 8,670 8,670 8,309 (-) Treasure shares and own shares financed (966) (126) (63) Share Premium 47,979 52,013 52,446 Reserves 58,157 64,766 57,368 Other retained earnings (34,784) (34,937) (22,933) Minority interests 6,736 6,669 6,441 Profit net of dividends 6,394 (9,249) 3,092 Deductions (19,784) (18,407) (34,163) Goodwill and intangible assets (16,064) (15,711) (28,478) Others (3,720) (2,696) (5,685) Additional Tier I 10,050 9,102 9,039 Eligible instruments AT1 10,102 8,854 9,209 T1-excesses-subsidiaries (52) 248 (170) Residual value of dividends — — — Others — — — Tier II 14,865 12,514 11,531 Eligible instruments T2 15,424 13,351 12,360 Gen. funds and surplus loans loss prov. IRB 75 — — T2-excesses - subsidiaries (634) (837) (829) Others — — — Total eligible capital 97,317 91,015 91,067 Note: Banco Santander, S.A. and its affiliates had not taken part in any State aid programmes. |
Schedule of leverage capital and ratios | EUR million 2021 2020 2019 Leverage Level 1 Capital 82,452 78,501 79,536 Exposure 1,536,516 1,471,480 1,544,614 Leverage Ratio 5.37 % 5.33 % 5.15 % |
Forborne loan portfolio | |
Risk management | |
Schedule of exposure to risk | Current refinancing and restructuring balances Amounts in EUR million, except number of transactions that are in units 2021 Total Without real guarantee With real guarantee Maximum amount of the actual collateral that can be considered Impairment of accumulated value or accumulated losses in fair value due to credit risk Number of transactions Gross amount Number of transactions Gross amount Real estate guarantee Rest of real guarantees Credit entities — — — — — — — Public sector 32 18 15 7 2 — 4 Other financial institutions and: individual shareholder 1,002 93 720 200 102 79 30 Non-financial institutions and individual shareholder 248,375 11,548 47,865 8,915 5,517 1,206 4,367 Of which financing for constructions and property development 8,576 113 1,321 550 390 40 176 Other warehouses 3,650,507 4,491 451,930 10,771 6,063 3,615 3,860 Total 3,899,916 16,150 500,530 19,893 11,684 4,900 8,261 Financing classified as non-current assets and disposable groups of items that have been classified as held for sale — — — — — — — Current refinancing and restructuring balances Amounts in EUR million, except number of transactions that are in units 2021 Of which, non-performing/Doubtful Without real guarantee With real guarantee Maximum amount of the actual collateral that can be considered Impairment of accumulated value or accumulated losses in fair value due to credit risk Number of transactions Gross amount Number of Gross amount Real estate guarantee Rest of real guarantees Credit entities — — — — — — — Public sector 7 1 14 5 2 — 4 Other financial institutions and: individual shareholder 421 51 528 67 54 7 27 Non-financial institutions and individual shareholder 116,009 4,377 32,263 5,261 3,308 424 3,891 Of which financing for constructions and property development 4,638 63 849 301 172 34 148 Other warehouses 1,839,629 1,879 162,177 3,898 2,641 434 2,382 Total 1,956,066 6,308 194,982 9,231 6,005 865 6,304 Financing classified as non-current assets and disposable groups of items that have been classified as held for sale — — — — — — — |
Credit risk | |
Risk management | |
Disclosure of concentrations | The detail, by activity and geographical area of the Group's risk concentration at 31 December 2021 is as follows: EUR million 2021 Total Spain Other EU countries America Rest of the world Central banks and Credit institutions 327,984 93,520 59,499 81,647 93,318 Public sector 149,623 35,258 26,276 82,194 5,895 Of which: Central government 124,807 23,188 24,525 71,639 5,455 Other central government 24,816 12,070 1,751 10,555 440 Other financial institutions (financial business activity) 120,294 14,228 40,344 35,818 29,904 Non-financial companies and individual entrepreneurs (non-financial business activity) (broken down by purpose) 415,297 121,795 86,183 141,139 66,180 Of which: Construction and property development 21,523 3,607 3,392 7,309 7,215 Civil engineering construction 5,857 2,397 2,442 847 171 Large companies 248,955 58,030 49,343 94,496 47,086 SMEs and individual entrepreneurs 138,962 57,761 31,006 38,487 11,708 Households – other (broken down by purpose) 543,804 88,763 95,458 122,809 236,774 Of which: Residential 353,752 63,487 35,978 40,265 214,022 Consumer loans 169,897 18,078 56,879 75,837 19,103 Other purposes 20,155 7,198 2,601 6,707 3,649 Total 1,557,002 353,564 307,760 463,607 432,071 |
Sovereign risk | |
Risk management | |
Schedule of exposure to risk | The exposure in the table below is disclosed following the latest amendments of the regulatory reporting framework carried out by the EBA, which entered into force in 2021: 2021 2020 Portfolio Country Financial assets designated at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets at amortized cost Non-trading financial assets mandatorily at fair value through profit or loss Total net direct exposure Total net direct Spain 2,574 2,805 14,178 — 19,557 24,245 Portugal (20) 2,287 4,277 — 6,544 8,730 Italy (73) 634 323 — 884 4,015 Greece — — — — — — Ireland — — 9 — 9 — Rest Eurozone (233) 1,231 2,631 — 3,629 4,054 UK (538) 676 228 — 366 (97) Poland (15) 10,819 489 — 11,293 10,947 Rest of Europe — 77 1,291 — 1,368 1,070 US 1,050 13,803 7,616 — 22,469 15,548 Brazil 8,733 16,432 3,394 — 28,559 27,717 Mexico 2,150 10,253 1,106 — 13,509 21,029 Chile 56 1,134 4,881 — 6,071 6,955 Rest of America 94 651 680 — 1,425 958 Rest of the World 2 1,524 1,811 — 3,337 4,752 TOTAL 13,780 62,326 42,914 — 119,020 129,923 |
Trading market risk | |
Risk management | |
Schedule of exposure to risk | The balance sheet items in the Group’s consolidated position that are subject to market risk are shown below, distinguishing those positions for which the main risk metric is VaR from those for which risk monitoring is carried out using other metrics: EUR million Main market risk metric Balance sheet amount VaR Other Main risk factor for 'Other' balance Assets subject to market risk Cash, cash balances at central banks and other deposits on demand 210,689 210,689 Interest rate Financial assets held for trading 116,953 116,953 Non-trading financial assets mandatorily at fair value through profit or loss 5,536 4,042 1,494 Interest rate, spread Financial assets designated at fair value through profit or loss 15,957 5,489 10,468 Interest rate, spread Financial assets designated at fair value through other comprehensive income 108,038 2,453 105,585 Interest rate, spread Financial assets at amortized cost 1,037,898 1,037,898 Interest rate, spread Hedging derivatives 4,761 4,761 Interest rate, exchange rate Changes in the fair value of hedged items in portfolio hedges of interest risk 410 410 Interest rate Other assets 95,593 Total assets 1,595,835 Liabilities subject to market risk Financial liabilities held for trading 79,469 79,469 Financial liabilities designated at fair value through profit or loss 32,733 390 32,343 Interest rate, spread Financial liabilities at amortized cost 1,349,169 1,349,169 Interest rate, spread Hedging derivatives 5,463 5,463 Interest rate, exchange rate Changes in the fair value of hedged items in portfolio hedges of interest rate risk 248 248 Interest rate Other liabilities 31,700 Total liabilities 1,498,782 Equity 97,053 |
Disclosure of concentrations by risk factor | The following table displays the latest and average VaR values at 99% by risk factor over the last three years. It also shows the minimum and maximum VaR values in 2021 and 97.5% ES at the end of December 2021: VaR STATISTICS AND EXPECTED SHORTFALL BY RISK FACTOR A EUR million. VaR at 99% and ES at 97.5% with one day time horizon 2021 2020 2019 VaR (99%) ES (97.5%) VaR VaR Min Average Max Latest Latest Average Latest Average Latest Total Trading 6.8 10.5 15.9 12.3 11.9 12.5 8.3 12.1 10.3 Diversification effect (6.3) (12.9) (26.6) (13.4) (15.0) (13.0) (11.8) (8.1) (9.8) Interest rate 6.0 9.6 15.3 9.1 9.4 9.2 5.4 10.0 9.2 Equities 2.2 3.5 7.7 5.1 5.1 4.4 3.1 2.9 4.8 Exchange rate 1.9 4.2 8.0 5.7 5.6 5.9 6.0 3.9 2.6 Credit spread 2.6 4.8 8.0 5.1 6.0 5.5 4.5 3.4 3.5 Commodities 0.4 1.3 3.5 0.7 0.8 0.5 1.1 0.0 0.0 Total Europe 6.1 9.3 16.1 9.9 9.7 10.5 8.0 6.3 10.1 Diversification effect (5.2) (9.3) (16.9) (12.6) (13.1) (10.7) (8.9) (6.9) (8.4) Interest rate 5.3 7.7 11.7 7.1 6.7 7.9 6.5 6.0 8.2 Equities 1.8 3.3 8.3 5.8 5.2 4.3 3.0 1.9 4.9 Exchange rate 1.6 2.8 5.0 4.5 4.9 3.5 2.9 1.9 1.9 Credit spread 2.6 4.8 8.0 5.1 6.0 5.5 4.5 3.4 3.5 Commodities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total North America 1.6 2.5 7.4 2.7 2.8 6.6 2.9 3.5 3.8 Diversification effect 0.2 (0.7) (2.9) (0.6) (0.5) (2.2) (1.0) (1.3) (2.1) Interest rate 1.3 2.5 7.0 2.7 2.7 3.4 3.3 2.6 3.4 Equities 0.0 0.1 1.5 0.0 0.0 0.3 0.1 0.2 0.1 Exchange rate 0.1 0.6 1.8 0.6 0.6 5.1 0.5 2.0 2.4 Total South America 3.3 5.9 10.5 6.3 6.4 5.6 4.5 9.5 6.0 Diversification effect (1.2) (4.9) (16.0) (5.1) (3.8) (3.8) (5.4) (2.9) (3.7) Interest rate 3.0 5.5 12.2 5.8 6.3 5.2 4.1 7.8 5.9 Equities 0.4 1.2 3.2 1.1 1.0 1.0 0.5 2.0 1.7 Exchange rate 0.7 2.8 7.6 3.8 2.1 2.7 4.2 2.6 2.1 Commodities 0.4 1.3 3.5 0.7 0.8 0.5 1.1 0.0 0.0 A. In South and North America, VaR levels of credit spreads and commodities are not shown separately due to their low or null materiality. |
Structural risks | |
Risk management | |
Disclosure of concentrations by risk factor | STRUCTURAL VaR EUR million. Structural VaR 99% with a temporary horizon of one day. 2021 2020 2019 Min Average Max Latest Average Latest Average Latest Structural VaR 895.8 993.7 1,090.7 1,011.9 911.1 903.2 511.4 729.2 Diversification effect (158.8) (327.3) (431.4) (240.2) (349.8) (263.4) (304.2) (402.0) VaR Interest Rate* 224.2 400.7 540.5 287.8 465.1 345.5 345.6 629.7 VaR Exchange Rate 521.3 600.6 655.2 655.2 499.9 502.6 308.1 331.7 VaR Equities 309.1 319.7 326.4 309.1 295.9 318.5 161.9 169.8 * Includes credit spread VaR on ALCO portfolios. |
Foreclosed Properties | |
Risk management | |
Schedule of exposure to risk | The following table shows the detail of the assets foreclosed by the businesses in Spain at the end of 2021: 2021 EUR Million Gross carrying amount Valuation adjustments Of which impairment losses on assets since time of foreclosure Net Carrying amount Property assets arising from financing provided to construction and property development companies 6,313 3,376 2,455 2,937 Of which: Completed buildings 1,900 799 627 1,101 Residential 470 181 143 289 Other 1,430 618 484 812 Buildings under construction 112 57 42 55 Residential 56 26 17 30 Other 56 31 25 25 Land 4,301 2,520 1,786 1,781 Developed land 1,506 805 496 701 Other land 2,795 1,715 1,290 1,080 Property assets from home purchase mortgage loans to households 838 310 211 528 Other foreclosed property assets 213 87 63 126 Total property assets 7,364 3,773 2,729 3,591 |
Schedule of changes in impairment losses on debt instruments | The gross movement in foreclosed properties were as follows (EUR billion): EUR Billion 2021 2020 2019 Gross additions 0.4 0.5 0.7 Disposals (1.1) (0.9) (2.7) Difference (0.7) (0.4) (2.0) |
Real estate operations in Spain | |
Risk management | |
Schedule of exposure to risk | 2021 EUR Million Gross amount Excess of gross exposure over maximum recoverable amount of effective collateral Specific allowance Financing for construction and property development (including land) (business in Spain) 2,625 380 53 Of which impaired 133 22 40 Memorandum items written-off assets 650 — — Memorandum items: Data from the public consolidated balance sheet 2021 EUR Million Carrying amount Total loans and advances to customers excluding the Public sector (business in Spain) (Book value) 239,328 Total consolidated assets (Total business) (Book value) 1,595,835 Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain) 1,472 |
Disclosure of concentrations | At year-end, the distribution of this portfolio was as follows: 2021 EUR Million Loans: gross amount 1. Without mortgage guarantee 180 2. With mortgage guarantee 2,445 2.1 Completed buildings 1,412 2.1.1 Residential 876 2.1.2 Other 536 2.2 Buildings and other constructions under construction 969 2.2.1 Residential 907 2.2.2 Other 62 2.3 Land 64 2.3.1 Developed consolidated land 46 2.3.2 Other land 18 Total 2,625 |
Schedule of changes in impairment losses on debt instruments | In recent years the Group's strategy has been geared towards reducing these assets. The changes in gross property development loans to customers were as follows: EUR million 2021 2020 2019 Balance at beginning of year 2,871 2,939 4,812 Foreclosed assets (1) (6) (29) Reductions (230) (24) (1,685) Written-off assets (15) (38) (159) Balance at end of year 2,625 2,871 2,939 |
Home purchase loans | |
Risk management | |
Schedule of exposure to risk | 2021 EUR Million Gross amount Of which: impaired Home purchase loans to families 62,324 1,860 Without mortgage guarantee 419 115 With mortgage guarantee 61,905 1,745 2020 EUR Million Gross amount Of which: impaired Home purchase loans to families 59,605 1,850 Without mortgage guarantee 387 75 With mortgage guarantee 59,218 1,775 2019 EUR Million Gross amount Of which: impaired Home purchase loans to families 62,236 2,649 Without mortgage guarantee 306 14 With mortgage guarantee 61,930 2,635 |
Spain | |
Risk management | |
Schedule of exposure and impairment losses by stage | In addition, the exposure is divided in three tranches of the Standard & Poor's rating scale, according to their current credit quality: EXPOSURE AND IMPAIRMENT LOSSES PER STAGE EUR million 2021 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 153,120 908 — 154,028 From BB- to CCC 33,233 14,740 — 47,973 Default — — 12,761 12,761 Total exposure ** 186,353 15,648 12,761 214,762 Impairment losses*** 422 580 5,005 6,007 EXPOSURE AND IMPAIRMENT LOSSES PER STAGE EUR million 2020 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 146,992 1,517 — 148,509 From BB- to CCC 40,630 11,541 — 52,171 Default — — 13,762 13,762 Total exposure ** 187,622 13,058 13,762 214,442 Impairment losses*** 479 732 5,277 6,488 EXPOSURE AND IMPAIRMENT LOSSES PER STAGE EUR million 2019 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 139,673 1,315 — 140,988 From BB- to CCC 42,603 9,115 — 51,718 Default — — 14,587 14,587 Total exposure ** 182,276 10,430 14,587 207,293 Impairment losses*** 296 503 5,195 5,994 * Detail of credit quality ratings calculated for Group management purposes. ** Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. *** Includes provisions for undrawn authorized lines (loan commitments). Note: In addition, there are EUR 64,852 million of exposure and EUR 227 million of impairment losses in 2021, EUR 50,813 million of exposure and EUR 180 million of impairment losses in 2020 and EUR 46,584 million of exposure and EUR 106 million of impairment losses in 2019, related to the aforementioned segments change. |
Schedule of evolution projection based on main macroeconomic indicators | The projected evolution for a period of five years of the main macroeconomic indicators used by Santander Spain for estimating expected losses as of 2021, is presented below: 2022-2026 Variables Pessimistic scenario Base scenario Optimistic scenario Interest rate 0.6 % -0.2 % -0.2 % Unemployment rate 18.3 % 13.0 % 11.2 % Housing price change 1.6 % 2.6 % 3.2 % GDP growth 1.1 % 2.9 % 3.7 % |
Schedule of weights used for current political and economic positions | As for its allocation, Santander Spain associates the Base scenario with the highest weight, while associating the lower weights to the most extreme scenarios: 2021 2020 2019 Pessimistic scenario 30 % 30 % 30 % Base scenario 40 % 40 % 40 % Optimistic scenario 1 30 % 30 % 30 % |
Spain | Home purchase loans | |
Risk management | |
Sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios is as follows: Change in Provision Mortgages Corporates Others GDP Growth -100 bp 11.9 % 5.4 % 4.9 % 100 bp -4.9 % -2.9 % -2.7 % Housing price change -100 bp 4.1 % 3.2 % 3.3 % 100 bp -2.5 % -1.7 % -1.4 % |
Disclosure of concentrations | Breakdown of the credit with mortgage guarantee to households for house acquisition, according to the percentage that the total risk represents on the amount of the latest available valuation (loan to value): 2021 Loan to value ratio EUR Million Less than or equal to 40% More than 40% and less than 60% More than 60% and less than 80% More than 80% and less than or equal to 100% More than 100% Total Gross amount 16,479 19,391 19,479 4,376 2,180 61,905 Of which impaired 187 240 349 313 656 1,745 |
Brazil | |
Risk management | |
Schedule of exposure and impairment losses by stage | EXPOSURE AND IMPAIRMENT LOSSES EUR million 2021 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 46,558 575 — 47,133 From BB- to CCC 28,582 4,785 — 33,367 Default — — 4,182 4,182 Total exposure ** 75,140 5,360 4,182 84,682 Impairment losses*** 1,232 909 2,510 4,651 EXPOSURE AND IMPAIRMENT LOSSES EUR million 2020 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 38,686 210 — 38,896 From BB- to CCC 26,166 5,942 — 32,108 Default — — 3,428 3,428 Total exposure ** 64,852 6,152 3,428 74,432 Impairment losses*** 971 777 2,132 3,880 EXPOSURE AND IMPAIRMENT LOSSES EUR million 2019 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 45,765 308 — 46,073 From BB- to CCC 32,698 5,393 — 38,091 Default — — 4,727 4,727 Total exposure ** 78,463 5,701 4,727 88,891 Impairment losses*** 1,054 732 2,931 4,717 * Detail of credit quality ratings calculated for Group management purposes. ** Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. *** Includes provisions for undrawn authorized lines (loan commitments). |
Schedule of evolution projection based on main macroeconomic indicators | The evolution for a period of five years of the main macroeconomic indicators used to estimate the expected losses in Santander Brazil is as follows: 2022-2026 Variables Pessimistic scenario Base scenario Optimistic scenario Interest rate (annual averaged) 13.3 % 6.7 % 4.8 % Unemployment rate 13.3 % 12.1 % 8.8 % House price change 2.6 % 8.7 % 13.2 % GDP growth -1.0 % 2.1 % 4.5 % Burden income 38.9 % 34.9 % 29.2 % Each macroeconomic scenario is associated with a given weight. Regarding its assignation, Brazil links the highest weight to the base scenario whilst links the lowest weights to the most extreme scenarios: 2021 2020 2019 Pessimistic scenario 10 % 10 % 10 % Base scenario 80 % 80 % 80 % Optimistic scenario 10 % 10 % 10 % |
Sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios is at the end of 2021 as follows: Change in provision Consumer Corporate Other GDP growth -100 bp 0.4 % 1.3 % 1.9 % 100 bp -0.1 % -0.6 % -0.9 % Burden income -100 bp -0.3 % -0.5 % -1.3 % 100 bp 0.7 % 2.0 % 2.9 % Interest rate (SELIC) -100 bp -0.1 % -0.5 % -0.8 % 100 bp 0.6 % 2.9 % 3.6 % |
Santander UK | |
Risk management | |
Schedule of exposure and impairment losses by stage | In addition, the exposure is divided in three tranches of the Standard & Poor's rating scale, according to their current credit quality: EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2021 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 210,418 9,088 — 219,506 From BB- to CCC 13,063 11,601 — 24,664 Default — — 3,508 3,508 Total exposure ** 223,481 20,689 3,508 247,678 Impairment losses*** 135 372 460 967 EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2020 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 184,065 2,227 — 186,292 From BB- to CCC 34,965 16,814 — 51,779 Default — — 3,229 3,229 Total exposure ** 219,030 19,041 3,229 241,300 Impairment losses*** 223 557 668 1,448 EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2019 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 238,985 2,032 — 241,017 From BB- to CCC 40,281 12,543 — 52,824 Default — — 2,821 2,821 Total exposure ** 279,266 14,575 2,821 296,662 Impairment losses*** 117 470 588 1,175 * Detail of credit quality ratings calculated for Group management purposes. ** Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. |
Schedule of evolution projection based on main macroeconomic indicators | The evolution forecasted in 2021 for the next five years of the main macroeconomic indicators used by Santander UK to estimate expected losses is presented below: 2022 - 2026 Variables Pessimistic scenario 3 Pessimistic scenario 2 Pessimistic scenario 1 Base scenario Optimistic scenario 1 Interest rate -0.1 % 2.0 % 0.8 % 0.7 % 1.1 % Unemployment rate 8.4 % 6.4 % 5.1 % 4.4 % 4.0 % Housing price change -5.0 % -3.0 % -1.5 % 2.2 % 1.5 % GDP growth — 1.0 % 1.3 % 2.2 % 2.6 % |
Schedule of weights used for current political and economic positions | In addition, at 31 December 2021, the weights used by Santander UK reflect the future prospects of the British economy in relation to its current political and economic position so that higher weights are assigned for negative scenarios: 2021 2020 2019 Pessimistic scenario 3 5 % 10 % — Pessimistic scenario 2 20 % 25 % 15 % Pessimistic scenario 1 25 % 15 % 30 % Base scenario 45 % 45 % 40 % Optimistic scenario 1 5 % 5 % 10 % Optimistic scenario 2 — — 5 % |
Sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, as of December 2021, is as follows: Change in Provision Mortgages Corporates GDP Growth -100 bp 19.1 % 5.7 % 100 bp -6.7 % -1.0 % Housing price change -100 bp 4.0 % 3.1 % 100 bp -3.7 % -0.6 % Unemployment rate -100 bp -9.6 % -0.4 % 100 bp 21.0 % 0.4 % |
Santander Bank N.A. | |
Risk management | |
Schedule of exposure and impairment losses by stage | The detail of Santander Bank, National Association exposure and impairment losses associated with each of the stages at 31 December, 2021, 2020 and 2019, is shown below. In addition, the exposure is divided in three tranches of the Standard & Poor's rating scale, according to their current credit quality: EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2021 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 38,191 1,157 — 39,348 From BB- to CCC 12,212 3,117 — 15,329 Default — — 477 477 Total exposure ** 50,403 4,274 477 55,154 Impairment losses*** 263 314 45 622 EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2020 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 18,105 1,778 — 19,883 From BB- to CCC 24,380 2,977 — 27,357 Default — — 403 403 Total exposure ** 42,485 4,755 403 47,643 Impairment losses*** 344 316 42 702 EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2019 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 27,078 763 — 27,841 From BB- to CCC 32,273 3,964 — 36,237 Default — — 419 419 Total exposure ** 59,351 4,727 419 64,497 Impairment losses*** 265 208 71 544 * Detail of credit quality ratings calculated for Group management purposes. ** Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. |
Schedule of evolution projection based on main macroeconomic indicators | 2022 - 2026 Variables Pessimistic scenario 2 Pessimistic scenario 1 Base scenario Optimistic scenario Interest rate (annual averaged) 0.2 % 1.2 % 1.3 % 1.7 % Unemployment rate 6.6 % 4.6 % 3.8 % 3.3 % House price change 1.2 % 1.7 % 2.3 % 2.8 % GDP growth 2.3 % 2.8 % 2.7 % 3.3 % |
Schedule of weights used for current political and economic positions | As for its allocation, Santander Bank, National Association associates the highest weighting to the Base scenario, while associates the lowest weightings to the most extreme scenarios: 2021 2020 2019 Pessimistic scenario 2 18 % 18 % 18 % Pessimistic scenario 1 20 % 20 % 20 % Base scenario 33 % 33 % 33 % Optimistic scenario 30 % 30 % 30 % |
Sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios as of 2021 is as follows: Change in Provision Mortgages Corporates GDP Growth -100 bp 2.0% 7.4% 100 bp -1.4% -4.6% Housing price change -100 bp 3.7% 12.4% 100 bp -2.0% -6.3% Unemployment rate -100 bp -5.5% -15.1% 100 bp 6.6% 22.8% |
Santander Consumer USA | |
Risk management | |
Schedule of exposure and impairment losses by stage | EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2021 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 1,218 39 — 1,257 From BB- to CCC 18,876 7,861 — 26,737 Default — — 1,658 1,658 Total exposure ** 20,094 7,900 1,658 29,652 Impairment losses*** 524 1,741 572 2,837 EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2020 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 1,689 12 — 1,701 From BB- to CCC 21,491 4,831 — 26,322 Default — — 1,019 1,019 Total exposure ** 23,180 4,843 1,019 29,042 Impairment losses*** 911 1,820 726 3,457 EXPOSURE AND IMPAIRMENT LOSSES BY STAGE EUR million 2019 Credit quality * Stage 1 Stage 2 Stage 3 Total From AAA to BB 1,029 14 — 1,043 From BB- to CCC 20,083 6,277 — 26,360 Default — — 1,600 1,600 Total exposure ** 21,112 6,291 1,600 29,003 Impairment losses*** 859 1,503 731 3,093 * Detail of credit quality ratings calculated for Group management purposes. ** Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments. *** Includes provisions for undrawn authorized lines (loan commitments). |
Schedule of evolution projection based on main macroeconomic indicators | The evolution forecasted in 2021 for a period of five 2022 - 2026 Variables Pessimistic scenario 2 Pessimistic scenario 1 Base scenario Optimistic scenario Interest rate (annual averaged) 0.2 % 1.2 % 1.3 % 1.7 % Unemployment rate 6.6 % 4.6 % 3.8 % 3.3 % House price change 1.2 % 1.7 % 2.3 % 2.8 % GDP growth 2.3 % 2.8 % 2.7 % 3.3 % Manheim A index -2.3 % -1.9 % -1.9 % -1.8 % |
Schedule of weights used for current political and economic positions | Each of the macroeconomic scenarios is associated with a given weight. Santander Consumer USA Inc. associates the highest weighting to the Base scenario, whereas it associates the lowest weightings to the most extreme or acid scenarios: 2021 2020 2019 Pessimistic scenario 2 18 % 18 % 18 % Pessimistic scenario 1 20 % 20 % 20 % Base scenario 33 % 33 % 33 % Optimistic scenario 30 % 30 % 30 % |
Sensitivity analysis | The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios at the end of 2021 is as follows: Change in provision SC Auto Manheim index -100 bp 1.1 % 100 bp -0.7 % Unemployment Rate -100 bp -4.0 % 100 bp 4.6 % House Price Change -100 bp 2.6 % 100 bp -1.5 % GDP growth -100 bp 1.8 % 100 bp -1.2 % |
Additional disclosures (Tables)
Additional disclosures (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Parent Company Financial Statements And Preference Shares And Preferred Securities [Abstract] | |
Condensed balance sheet | Following are the summarised balance sheets of Banco Santander, S.A. as of December 31, 2021, 2020 and 2019 : CONDENSED BALANCE SHEETS (Parent company only) 31 December 2021 31 December 2020 31 December 2019 (Millions of Euros) Assets Cash and due from banks 138,388 112,114 85,922 Of which: To bank subsidiaries 15,459 14,519 13,875 Trading account assets 77,988 81,433 86,583 Investment securities 29,949 29,477 44,020 Of which: To bank subsidiaries 12,137 13,603 9,504 To non-bank subsidiaries 2,087 3,399 3,450 Net loans and leases 301,342 295,739 276,330 Of which: To non-bank subsidiaries 31,296 27,555 28,690 Investment in affiliated companies 88,549 84,890 87,330 Of which: To bank subsidiaries 67,735 60,186 59,364 To non-bank subsidiaries 20,814 24,703 27,966 Premises and equipment, net 6,515 6,680 7,131 Other assets 15,219 19,036 22,600 Total assets 657,950 629,369 609,916 Liabilities Deposits 394,160 383,135 345,975 Of which: To bank subsidiaries 18,114 17,045 14,705 To non-bank subsidiaries 18,594 19,949 15,518 Short-term debt 19,181 14,513 20,547 Long-term debt 99,650 83,981 83,906 Total debt 118,831 98,494 104,453 Of which: To bank subsidiaries 221 617 — To non-bank subsidiaries 649 661 1,667 Other liabilities 78,386 82,803 89,265 Total liabilities 591,377 564,432 539,693 Stockholders' equity Capital stock 8,670 8,670 8,309 Retained earnings and other reserves 57,903 56,267 61,914 Total stockholders' equity 66,573 64,937 70,223 Total liabilities and Stockholders’ Equity 657,950 629,369 609,916 |
Condensed income statement | Following are the condensed statements of income of Banco Santander, S.A. for the years ended December 31, 2021, 2020 and 2019. Year ended CONDENSED STATEMENTS OF INCOME (Parent company only) 31 December 2021 31 December 2020 31 December 2019 (Millions of Euros) Interest income 11,893 12,169 13,968 Interest from earning assets 6,821 6,853 8,009 Dividends from affiliated companies 5,072 5,316 5,959 Of which: From bank subsidiaries 4,075 1,810 3,019 From non-bank subsidiaries 997 3,506 2,940 Interest expense (2,785) (3,160) (4,108) Interest income / (charges) 9,108 9,009 9,860 Provision for credit losses (2,287) (2,558) (1,246) Interest income / (charges) after provision for credit losses 6,821 6,451 8,614 Non-interest income 4,092 5,322 4,132 Non-interest expense (7,049) (14,020) (9,168) Income before income taxes 3,864 (2,247) 3,578 Income tax benefit (expense) 68 (1,310) (48) Net income 3,932 (3,557) 3,530 |
Condensed statement of comprehensive income | Following are the condensed statements of comprehensive income of Banco Santander, S.A. for the years ended December 31, 2021, 2020 and 2019: Year ended CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parent company only) 31 December 2021 31 December 2020 31 December 2019 (Millions of Euros) NET INCOME 3,932 (3,557) 3,530 OTHER COMPREHENSIVE INCOME (662) (1,221) 119 Items that may be reclassified subsequently to profit or loss (265) (363) 421 Hedging instruments (items not designated) — — — Revaluation gains (losses) — — — Amounts transferred to income statement — — — Other reclassifications — — — Debt instruments at fair value with changes in other comprehensive income (524) (316) 723 Revaluation gains (losses) (243) 244 697 Amounts transferred to income statement (281) (560) (592) Other reclassifications — — 618 Cash flow hedges: 146 (206) (117) Revaluation gains/(losses) 153 (239) (205) Amounts transferred to income statement (7) 33 88 Amounts transferred to initial carrying amount of hedged items — — — Other reclassifications — — — Hedges of net investments in foreign operations: — — — Exchange differences — — — Non-current assets held for sale — — — Income tax 113 159 (185) Items that will not be reclassified to profit or loss (397) (858) (302) Actuarial gains/(losses) on pension plans 29 (77) (327) Other recognised income and expense of investments in subsidiaries, joint ventures and associates — — — Changes in the fair value of equity instruments measured at fair value through other comprehensive income (347) (796) (135) Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net — — — Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) 117 4 44 Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) (117) (4) (44) Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk (93) 4 2 Income tax relating to items that will not be reclassified 14 11 158 TOTAL COMPREHENSIVE INCOME 3,270 (4,778) 3,649 |
Condensed cash flow statement | Following are the condensed cash flow statements of Banco Santander, S.A. for the years ended December 31, 2021, 2020 and 2019. Year ended CONDENSED CASH FLOW STATEMENTS (Parent company only) 31 December 2021 31 December 2020 31 December 2019 (Millions of Euros) 1. Cash flows from operating activities Consolidated profit 3,932 (3,557) 3,530 Adjustments to profit 2,052 12,938 2,206 Net increase/decrease in operating assets (9,622) 7,513 (13,370) Net increase/decrease in operating liabilities 24,024 21,199 45 Reimbursements/payments of income tax (352) (251) 743 Total net cash flows from operating activities (1) 20,034 37,842 (6,846) 2. Cash flows from investing activities Investments (-) (2,266) (8,001) (7,094) Divestments (+) 6,349 4,738 1,952 Total net cash flows from investment activities (2) 4,083 (3,263) (5,142) 3. Cash flows from financing activities Issuance of own equity instruments — — — Disposal of own equity instruments 605 615 829 Acquisition of own equity instruments (1,446) (615) (829) Issuance of debt securities 4,440 3,722 1,056 Redemption of debt securities (2,248) (2,348) (4,578) Dividends paid (1,313) — (3,773) Issuance/Redemption of equity instruments — — — Other collections/payments related to financing activities (315) (287) (382) Total net cash flows from financing activities (3) (277) 1,087 (7,677) 4. Effect of exchange rate changes on cash and cash equivalents (4) 336 (576) 205 5. Net increase/decrease in cash and cash equivalents (1+2+3+4) 24,175 35,090 (19,460) Cash and cash equivalents at beginning of period 67,561 32,471 51,931 Cash and cash equivalents at end of period 91,736 67,561 32,471 |
Schedule of preferred shares and securities | The following table shows the balance of the preference shares and preferred securities as of 31 December 2021, 2020 and 2019: 2021 2020 2019 (Millions of Euros) Preference shares 209 196 321 Preferred securities 8,601 7,425 7,709 Total 8,810 7,621 8,030 |
Schedule of preferred shares and securities by issuer | Outstanding at 31 December 2021 Preference Shares Issuer/Date of issue Currency Amount in currency (million) Interest rate Redemption Santander UK plc, October 1995 Pounds Sterling 80.3 10.375% No option Santander UK plc, February 1996 Pounds Sterling 80.3 10.375% No option Outstanding at 31 December 2021 Preferred Securities Issuer/Date of issue Currency Amount in Interest rate Maturity date Banco Santander, S.A., April 2017 Euro 750.0 6.750% (B) Perpetuity Banco Santander, S.A., September 2017 Euro 1,000.0 5.250% (C) Perpetuity Banco Santander, S.A., March 2018 Euro 1,500.0 4.750% (D) Perpetuity Banco Santander, S.A., February 2019 US Dollar 1,200.0 7.500% (E) Perpetuity Banco Santander, S.A., January 2020 Euro 1,500.0 4.375% (F) Perpetuity Banco Santander, S.A., May 2021 US Dollar 1,000.0 4.750% (G) Perpetuity Banco Santander, S.A., May 2021 Euro 750.0 4.125% (H) Perpetuity Banco Santander, S.A., September 2021 Euro 1,000.0 3.625% (I) Perpetuity Santander Finance Preferred, S.A. (Unipersonal), September 2004 Euro 144.0 €CMS 10 + 0.05% subject to a maximum distribution of 8% per annum Perpetuity A.From these dates the issuer can redeem the shares, subject to prior authorization by the national supervisor. B.Payment is subject to certain conditions and to the discretion of the Bank. The 6.75% interest rate is set for the first five years. After that, it will be reviewed by applying a margin of 680.3 basis points on the 5-year Mid-Swap Rate. C. Payment is subject to certain conditions and to the discretion of the Bank. The 5.25% interest rate is set for the first six years. After that, it will be reviewed by applying a margin of 499.9 basis points on the 5-year Mid-Swap Rate. D.Payment is subject to certain conditions and to the discretion of the Bank. The 4.75% interest rate is set for the first seven years. After that, it will be reviewed by applying a margin of 409.7 basis points on the Mid-Swap Rate. E.Payment is subject to certain conditions and to the discretion of the Bank. The 7.50% interest rate is set for the first five years. After that, it will be reviewed every 5 years by applying a margin of 498.9 basis point on the Mid-Swap Rate . F. Payment is subject to certain conditions and to the discretion of the Bank. The 4.375% interest rate is set for the first six years. After that, it will be reviewed every 5 years by applying a margin of 453.4 basis point on the 5-year Mid-Swap Rate. G.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.750% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 375.3 basis points over the 5-year UST rate. H.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.125% interest rate is set for the first seven years, revised every 5 years thereafter by applying a margin of 431.1 basis points over the applicable 5-year Euro mid-swap. I. Payment is subject to certain conditions and to the discretion of Banco Santander. The 3.625% interest rate is set for the first eight years, revised every 5 years thereafter by applying a margin of 376 basis points over the 5-year Mid-Swap Rate. |
Introduction, basis of presen_3
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Introduction (Details) | 12 Months Ended |
Dec. 31, 2021associates_JointVenturesOrCompaniessubsidiary | |
Disclosure of reclassifications or changes in presentation [abstract] | |
Number of subsidiaries | subsidiary | 721 |
Number of other components | associates_JointVenturesOrCompanies | 172 |
Rate for which company is considered significant (in percentage) | 5.00% |
Introduction, basis of presen_4
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - IBOR reform (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about hedges [line items] | |||
Loans and advances to customers | € 972,682 | € 916,199 | € 942,218 |
Deposits | 918,344 | € 849,310 | € 824,365 |
IAS 39 | |||
Disclosure of detailed information about hedges [line items] | |||
Loans and advances to customers | 45,728 | ||
Debt securities acquired | 4,393 | ||
Deposits | 10,307 | ||
Debt securities issued | 8,692 | ||
Derivative assets | 11,907 | ||
Derivative liabilities | 17,793 | ||
Loan commitments | 24,533 | ||
IAS 39 | EONIA | |||
Disclosure of detailed information about hedges [line items] | |||
Loans and advances to customers | 15 | ||
Debt securities acquired | 68 | ||
Deposits | 949 | ||
Debt securities issued | 284 | ||
Derivative assets | 101 | ||
Derivative liabilities | 242 | ||
Loan commitments | 0 | ||
IAS 39 | LIBOR | |||
Disclosure of detailed information about hedges [line items] | |||
Loans and advances to customers | 45,713 | ||
Debt securities acquired | 4,325 | ||
Deposits | 9,358 | ||
Debt securities issued | 8,408 | ||
Derivative assets | 11,806 | ||
Derivative liabilities | 17,551 | ||
Loan commitments | 24,533 | ||
IAS 39 | USD LIBOR | |||
Disclosure of detailed information about hedges [line items] | |||
Loans and advances to customers | 39,806 | ||
Debt securities acquired | 2,749 | ||
Deposits | 8,634 | ||
Debt securities issued | 6,667 | ||
Derivative assets | 8,387 | ||
Derivative liabilities | 11,163 | ||
Loan commitments | 24,034 | ||
IAS 39 | GBP LIBOR | |||
Disclosure of detailed information about hedges [line items] | |||
Loans and advances to customers | 2,957 | ||
Debt securities acquired | 1,570 | ||
Deposits | 253 | ||
Debt securities issued | 1,700 | ||
Derivative assets | 3,386 | ||
Derivative liabilities | 4,899 | ||
Loan commitments | € 418 |
Introduction, basis of presen_5
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Reconciliation of operating leases (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 |
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||||
Lease liabilities | € 2,856 | € 3,049 | € 5,108 | |
CET1 phase-in percentage | 12.51% | 12.34% | 11.65% | |
IFRS 16 | ||||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||||
Right-of-use assets | € 6,693 | |||
Lease liabilities | € 7,084 | |||
CET1 phase-in percentage | 0.20% | |||
IFRS 16 | Other reserves | ||||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||||
Adjustments due to changes in accounting policies | € 391 |
Introduction, basis of presen_6
Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information - Foreign currency exchange rates (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Mexican peso | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 5.55% |
Change in average foreign currency exchange rate (as a percent) | 1.60% |
US dollar | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 8.34% |
Change in average foreign currency exchange rate (as a percent) | (3.52%) |
Brazilian real | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 0.85% |
Change in average foreign currency exchange rate (as a percent) | (8.75%) |
Argentine peso | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | (11.30%) |
Change in average foreign currency exchange rate (as a percent) | (8.21%) |
Pound sterling | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | 6.91% |
Change in average foreign currency exchange rate (as a percent) | 3.43% |
Chilean peso | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | (9.61%) |
Change in average foreign currency exchange rate (as a percent) | 0.55% |
Polish zloty | |
Disclosure of initial application of standards or interpretations [line items] | |
Change in foreign currency exchange rate (as a percent) | (0.82%) |
Change in average foreign currency exchange rate (as a percent) | (2.70%) |
Accounting policies - Translati
Accounting policies - Translation of foreign currency balances (Details) € in Millions | Dec. 31, 2019EUR (€) | Dec. 31, 2021EUR (€)Argentian_peso / €stage | Dec. 31, 2020EUR (€)Argentian_peso / € | Dec. 31, 2018 | Dec. 31, 2018 |
Foreign currency transactions | |||||
Number of consecutive stages | stage | 2 | ||||
Inflation percent | 50.90% | 36.10% | 48.00% | 147.00% | |
Reclassification adjustments on exchange differences on translation, net of tax | € | € (2,136) | € (177) | € 202 | ||
Closing foreign exchange rate | Argentian_peso / € | 116.30 | 103.16 |
Accounting policies - Exposure
Accounting policies - Exposure to foreign currency risk (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Sensitivity of consolidated profit and consolidated equity | |||
Appreciation variation (as a percent) | 1.00% | ||
Depreciation variation (as a percent) | 1.00% | ||
US dollar | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | € (133.3) | € (123.6) | € (161.3) |
1 % appreciation of euro, Effect on consolidated profit | (8.6) | (4.1) | (3.5) |
1 % depreciation of euro, Effect on consolidated equity | 136 | 126.1 | 164.6 |
1 % depreciation of euro, Effect on consolidated profit | 8.8 | 4.2 | 3.5 |
Chilean peso | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (11.4) | (20.4) | (21.8) |
1 % appreciation of euro, Effect on consolidated profit | (2.4) | (4.4) | (2.3) |
1 % depreciation of euro, Effect on consolidated equity | 11.6 | 20.8 | 22.2 |
1 % depreciation of euro, Effect on consolidated profit | 2.4 | 4.5 | 2.4 |
Pound sterling | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (105.9) | (107.9) | (189.2) |
1 % appreciation of euro, Effect on consolidated profit | (2.3) | (1.2) | (3.9) |
1 % depreciation of euro, Effect on consolidated equity | 108 | 110.1 | 193 |
1 % depreciation of euro, Effect on consolidated profit | 2.3 | 1.2 | 4 |
Mexican peso | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (23.1) | (21.7) | (22.6) |
1 % appreciation of euro, Effect on consolidated profit | (0.9) | (2) | (3.3) |
1 % depreciation of euro, Effect on consolidated equity | 23.6 | 22.1 | 23.1 |
1 % depreciation of euro, Effect on consolidated profit | 0.9 | 2 | 3.4 |
Brazilian real | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (80.8) | (75) | (71.6) |
1 % appreciation of euro, Effect on consolidated profit | (15.4) | (12.6) | (10.4) |
1 % depreciation of euro, Effect on consolidated equity | 82.4 | 76.5 | 73.1 |
1 % depreciation of euro, Effect on consolidated profit | 15.7 | 12.8 | 10.6 |
Polish zloty | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (27.5) | (26.7) | (38.3) |
1 % appreciation of euro, Effect on consolidated profit | (1.1) | (2.2) | (1.2) |
1 % depreciation of euro, Effect on consolidated equity | 28 | 27.2 | 39 |
1 % depreciation of euro, Effect on consolidated profit | 1.1 | 2.2 | 1.2 |
Argentine peso | |||
Sensitivity of consolidated profit and consolidated equity | |||
1 % appreciation of euro, Effect on consolidated equity | (10.7) | (7.9) | (6.9) |
1 % appreciation of euro, Effect on consolidated profit | (2.5) | (1.8) | (1.2) |
1 % depreciation of euro, Effect on consolidated equity | 11 | 8 | 7 |
1 % depreciation of euro, Effect on consolidated profit | € 2.6 | € 1.8 | € 1.3 |
Accounting policies - Basis of
Accounting policies - Basis of consolidation (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Project Quasar Investment 2017 S.L. | |
Subsidiaries and joint ventures | |
Ownership interest (as a percent) | 49.00% |
Luri 1, S.A. | |
Subsidiaries and joint ventures | |
Ownership interest (as a percent) | 46.00% |
Maximum | Luri 1, S.A. | |
Subsidiaries and joint ventures | |
Voting rights (as a percent) | 50.00% |
Accounting policies - Valuation
Accounting policies - Valuation techniques (Details) € in Millions | Dec. 31, 2021EUR (€)numberOfIndependentDivision | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) |
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | € 7,667 | € 8,543 | |
Number of independent divisions | numberOfIndependentDivision | 2 | ||
Financial assets and liabilities | Financial liabilities held for trading | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | € 79,469 | 81,167 | € 77,139 |
Financial assets and liabilities | Financial liabilities held for trading | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 10,379 | 9,863 | 9,781 |
Financial assets and liabilities | Financial liabilities held for trading | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 69,090 | 71,304 | 67,358 |
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 32,733 | 48,038 | 60,995 |
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 3,620 | 2,118 | 1,484 |
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 29,113 | 45,920 | 59,511 |
Financial assets and liabilities | Derivatives | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 5,463 | 6,869 | 6,048 |
Financial assets and liabilities | Derivatives | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 0 | 0 | 0 |
Financial assets and liabilities | Derivatives | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 5,463 | 6,869 | 6,048 |
Financial assets and liabilities | Financial assets held for trading | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 116,953 | 114,945 | 108,230 |
Financial assets and liabilities | Financial assets held for trading | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 39,678 | 46,379 | 44,581 |
Financial assets and liabilities | Financial assets held for trading | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 77,275 | 68,566 | 63,649 |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 5,536 | 4,486 | 4,911 |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 2,398 | 1,756 | 1,530 |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 3,138 | 2,730 | 3,381 |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 15,957 | 48,717 | 62,069 |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 2,113 | 2,509 | 2,572 |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 13,844 | 46,208 | 59,497 |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 108,038 | 120,953 | 125,708 |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Level 1 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 77,749 | 91,771 | 103,089 |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 30,289 | 29,182 | 22,619 |
Financial assets and liabilities | Derivatives | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 4,761 | 8,325 | 7,216 |
Financial assets and liabilities | Derivatives | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets, at fair value | 4,761 | 8,325 | 7,216 |
Liabilities under insurance contracts | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | 770 | 910 | 739 |
Liabilities under insurance contracts | Level 2 and 3 | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities, at fair value | € 770 | € 910 | € 739 |
Accounting policies - Valuati_2
Accounting policies - Valuation adjustment for counterparty and default risk (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about financial instruments [line items] | |||
Amount of CVA | € 237 | € 408 | € 272 |
Change in CVA (as a percent) | (41.90%) | 49.80% | (22.50%) |
Amount of DVA | € 162 | € 233 | € 171 |
Change in DVA (as a percent) | (30.40%) | 36.00% | (34.60%) |
Credit spread change (as a percent) | 25.00% | (40.00%) | |
Certain derivatives and debt instruments and certain government bonds in Brazil which, based on the Group's observability criteria | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net reclassification into levels 2 and 3 | € 708 |
Accounting policies - Valuati_3
Accounting policies - Valuation adjustments due to model risk (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | € 7,667 | € 8,543 | ||
Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 121,640 | 146,468 | € 149,711 | |
Financial liabilities, at fair value | 103,807 | 124,098 | 132,582 | |
Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 7,667 | 8,543 | 6,651 | € 4,473 |
Financial liabilities, at fair value | 629 | 905 | 1,074 | 442 |
Other | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 50 | |||
Financial liabilities held for trading | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 160 | 295 | 290 | 289 |
Financial liabilities held for trading | Derivatives | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 160 | 295 | 290 | 289 |
Financial liabilities held for trading | Interest rate option | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 26 | 49 | 34 | 26 |
Financial liabilities held for trading | Exchange rate options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 7 | 1 | 1 | 7 |
Financial liabilities held for trading | Index and securities options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 67 | 97 | 88 | 143 |
Financial liabilities held for trading | Other | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 16 | 65 | 50 | 2 |
Derivatives | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 6 | ||
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 469 | 610 | 784 | 147 |
Financial assets held for trading | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 537 | 740 | 598 | 738 |
Financial assets held for trading | Debt and equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 65 | 153 | ||
Financial assets held for trading | Equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 2 | 3 | 0 | |
Financial assets held for trading | Debt instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 22 | 7 | 65 | |
Financial assets held for trading | Derivatives | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 513 | 730 | 533 | 585 |
Financial assets held for trading | Swaps | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 224 | 272 | 182 | 185 |
Financial assets held for trading | Exchange rate options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 12 | 22 | 8 | 2 |
Financial assets held for trading | Interest rate option | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 182 | 241 | 177 | 149 |
Financial assets held for trading | Index and securities options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 41 | 94 | 95 | 198 |
Financial assets held for trading | Other | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 54 | 101 | 71 | 51 |
Derivatives | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 21 | ||
Derivatives | Swaps | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 21 | ||
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 1,865 | 934 | 1,601 | 1,403 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Customers | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 268 | 295 | 376 | 460 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 1,231 | 505 | 550 | 462 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 366 | 134 | 675 | 481 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 418 | 649 | 664 | 876 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Credit institutions | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 163 | 50 | 201 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Customers | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 18 | 19 | 32 | 560 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 400 | 467 | 582 | 115 |
Financial assets at fair value through other comprehensive income | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 4,847 | 6,220 | 3,788 | € 1,435 |
Financial assets at fair value through other comprehensive income | Equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 821 | 1,223 | ||
Financial assets at fair value through other comprehensive income | Debt instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 146 | 206 | ||
Financial assets at fair value through other comprehensive income | Loans and advances | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 3,880 | 4,791 | ||
Financial assets and liabilities | Financial liabilities held for trading | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 79,469 | 81,167 | 77,139 | |
Financial assets and liabilities | Financial liabilities held for trading | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 68,930 | 71,009 | 67,068 | |
Financial assets and liabilities | Financial liabilities held for trading | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 160 | 295 | 290 | |
Financial assets and liabilities | Financial liabilities held for trading | Derivatives | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 53,234 | 63,920 | 61,789 | |
Financial assets and liabilities | Financial liabilities held for trading | Derivatives | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 160 | 295 | 290 | |
Financial assets and liabilities | Financial liabilities held for trading | Interest rate option | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 2,720 | 4,226 | 4,291 | |
Financial assets and liabilities | Financial liabilities held for trading | Interest rate option | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 26 | 49 | 34 | |
Financial assets and liabilities | Financial liabilities held for trading | Exchange rate options | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 658 | 724 | 658 | |
Financial assets and liabilities | Financial liabilities held for trading | Exchange rate options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 7 | 1 | 1 | |
Financial assets and liabilities | Financial liabilities held for trading | Index and securities options | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 446 | 456 | 1,309 | |
Financial assets and liabilities | Financial liabilities held for trading | Index and securities options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 67 | 97 | 88 | |
Financial assets and liabilities | Financial liabilities held for trading | Short positions | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 2,029 | 7,089 | 5,279 | |
Financial assets and liabilities | Financial liabilities held for trading | Short positions | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Financial liabilities held for trading | Central banks | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 1,038 | |||
Financial assets and liabilities | Financial liabilities held for trading | Central banks | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | |||
Financial assets and liabilities | Financial liabilities held for trading | Credit institutions | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 6,488 | |||
Financial assets and liabilities | Financial liabilities held for trading | Credit institutions | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | |||
Financial assets and liabilities | Financial liabilities held for trading | Customers | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 6,141 | |||
Financial assets and liabilities | Financial liabilities held for trading | Customers | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | |||
Financial assets and liabilities | Financial liabilities held for trading | Interest rate and equity futures | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 184 | 1,054 | 20 | |
Financial assets and liabilities | Financial liabilities held for trading | Interest rate and equity futures | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 2 | 2 | |
Financial assets and liabilities | Financial liabilities held for trading | Other | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 6,788 | 5,876 | 5,584 | |
Financial assets and liabilities | Financial liabilities held for trading | Other | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 16 | 65 | 50 | |
Financial assets and liabilities | Derivatives | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 5,463 | 6,869 | 6,048 | |
Financial assets and liabilities | Derivatives | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 5,463 | 6,869 | 6,048 | |
Financial assets and liabilities | Derivatives | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Derivatives | Interest rate option | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 13 | 10 | ||
Financial assets and liabilities | Derivatives | Interest rate option | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | ||
Financial assets and liabilities | Derivatives | Other | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 1,314 | 1,035 | 1,301 | |
Financial assets and liabilities | Derivatives | Other | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 32,733 | 48,038 | 60,995 | |
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 28,644 | 45,310 | 58,727 | |
Financial assets and liabilities | FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 469 | 610 | 784 | |
Financial assets and liabilities | Financial assets held for trading | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 116,953 | 114,945 | 108,230 | |
Financial assets and liabilities | Financial assets held for trading | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 76,738 | 67,826 | 63,051 | |
Financial assets and liabilities | Financial assets held for trading | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 537 | 740 | 598 | |
Financial assets and liabilities | Financial assets held for trading | Central banks | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 3,608 | |||
Financial assets and liabilities | Financial assets held for trading | Central banks | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | |||
Financial assets and liabilities | Financial assets held for trading | Credit institutions | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 10,397 | 3 | 0 | |
Financial assets and liabilities | Financial assets held for trading | Credit institutions | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Financial assets held for trading | Customers | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 6,829 | 296 | 355 | |
Financial assets and liabilities | Financial assets held for trading | Customers | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Financial assets held for trading | Debt and equity instruments | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 2,312 | 1,453 | 760 | |
Financial assets and liabilities | Financial assets held for trading | Debt and equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 24 | 10 | 65 | |
Financial assets and liabilities | Financial assets held for trading | Derivatives | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 53,592 | 66,074 | 61,936 | |
Financial assets and liabilities | Financial assets held for trading | Derivatives | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 513 | 730 | 533 | |
Financial assets and liabilities | Financial assets held for trading | Swaps | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 43,700 | 54,488 | 51,594 | |
Financial assets and liabilities | Financial assets held for trading | Swaps | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 224 | 272 | 182 | |
Financial assets and liabilities | Financial assets held for trading | Exchange rate options | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 539 | 696 | 469 | |
Financial assets and liabilities | Financial assets held for trading | Exchange rate options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 12 | 22 | 8 | |
Financial assets and liabilities | Financial assets held for trading | Interest rate option | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 2,112 | 3,129 | 3,073 | |
Financial assets and liabilities | Financial assets held for trading | Interest rate option | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 182 | 241 | 177 | |
Financial assets and liabilities | Financial assets held for trading | Interest rate futures | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 409 | 1,069 | 190 | |
Financial assets and liabilities | Financial assets held for trading | Interest rate futures | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Financial assets held for trading | Index and securities options | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 439 | 554 | 1,164 | |
Financial assets and liabilities | Financial assets held for trading | Index and securities options | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 41 | 94 | 95 | |
Financial assets and liabilities | Financial assets held for trading | Other | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 6,393 | 6,138 | 5,446 | |
Financial assets and liabilities | Financial assets held for trading | Other | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 54 | 101 | 71 | |
Financial assets and liabilities | Derivatives | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 4,761 | 8,325 | 7,216 | |
Financial assets and liabilities | Derivatives | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 4,761 | 8,325 | 7,216 | |
Financial assets and liabilities | Derivatives | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Derivatives | Swaps | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 4,204 | 6,998 | 6,485 | |
Financial assets and liabilities | Derivatives | Swaps | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Derivatives | Interest rate option | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 9 | 25 | 25 | |
Financial assets and liabilities | Derivatives | Interest rate option | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | Derivatives | Other | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 548 | 1,302 | 706 | |
Financial assets and liabilities | Derivatives | Other | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 5,536 | 4,486 | 4,911 | |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 1,273 | 1,796 | 1,780 | |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 1,865 | 934 | 1,601 | |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Equity instruments | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 415 | 984 | 1,272 | |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 1,231 | 505 | 550 | |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 589 | 555 | 498 | |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 366 | 134 | 675 | |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 269 | 257 | 10 | |
Financial assets and liabilities | NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Loans and advances | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 268 | 295 | 376 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 15,957 | 48,717 | 62,069 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 13,426 | 45,559 | 58,833 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 418 | 649 | 664 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Central banks | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 9,481 | 6,474 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Central banks | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Credit institutions | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 3,152 | 11,973 | 21,598 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Credit institutions | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 163 | 50 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Customers | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 10,270 | 24,102 | 30,729 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Customers | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 18 | 19 | 32 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Equity instruments | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 0 | 0 | ||
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 4 | 3 | 32 | |
Financial assets and liabilities | FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 400 | 467 | 582 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 108,038 | 120,953 | 125,708 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 25,442 | 22,962 | 18,831 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 4,847 | 6,220 | 3,788 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Equity instruments | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 74 | 75 | 98 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Equity instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 821 | 1,223 | 407 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Debt instruments | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 21,585 | 18,410 | 17,486 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Debt instruments | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 146 | 206 | 188 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Loans and advances | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 3,783 | 4,477 | 1,247 | |
Financial assets and liabilities | Financial assets at fair value through other comprehensive income | Loans and advances | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial assets, at fair value | 3,880 | 4,791 | 3,193 | |
Liabilities under insurance contracts | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 770 | 910 | 739 | |
Liabilities under insurance contracts | Level 2 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | 770 | 910 | 739 | |
Liabilities under insurance contracts | Level 3 | ||||
Measurement of financial assets and liabilities and recognition of fair value changes | ||||
Financial liabilities, at fair value | € 0 | € 0 | € 0 |
Accounting policies - Level 3 f
Accounting policies - Level 3 financial instruments (Details) - Level 3 - EUR (€) € in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about financial instruments [line items] | |||
Gain (loss) recognized in profit and loss | € 73,000 | € 193,000 | € 85,000 |
Financial liabilities held for trading | Cap&Floor | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.00% | ||
Financial liabilities held for trading | Cap&Floor | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 90.00% | ||
Financial liabilities held for trading | Cap&Floor | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 36.30% | ||
Financial liabilities held for trading | Cap&Floor | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (500) | ||
Financial liabilities held for trading | Cap&Floor | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | 430 | ||
Financial liabilities held for trading | Cap&Floor | Volatility option model | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 90000000.00% | ||
Financial liabilities held for trading | Cap&Floor | Volatility option model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.00% | ||
Financial liabilities held for trading | Cap&Floor | Volatility option model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 34.61% | ||
Financial liabilities held for trading | Cap&Floor | Volatility option model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (20) | ||
Financial liabilities held for trading | Cap&Floor | Volatility option model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 10 | ||
Financial liabilities held for trading | EQ Options | Option pricing model | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 5000000.00% | ||
Financial liabilities held for trading | EQ Options | Option pricing model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | ||
Financial liabilities held for trading | EQ Options | Option pricing model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 2.50% | ||
Financial liabilities held for trading | EQ Options | Option pricing model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (6,350) | ||
Financial liabilities held for trading | EQ Options | Option pricing model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 6,350 | ||
Financial liabilities designated at fair value through profit or loss | Repos / Reverse repos | Asset Swap Repo Model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | (360) | ||
Financial liabilities designated at fair value through profit or loss | Repos / Reverse repos | Asset Swap Repo Model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 0 | ||
Financial assets held for trading | Cap&Floor | Volatility option model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.00% | 10000000.00% | |
Financial assets held for trading | Cap&Floor | Volatility option model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 90.00% | 90000000.00% | |
Financial assets held for trading | Cap&Floor | Volatility option model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 36.30% | 31.55% | |
Financial assets held for trading | Cap&Floor | Volatility option model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (500) | € (70) | |
Financial assets held for trading | Cap&Floor | Volatility option model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 430 | € 50 | |
Financial assets held for trading | Currency swaps | Discounted cash flow | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.70%) | (0.30%) | |
Financial assets held for trading | Currency swaps | Discounted cash flow | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.70% | 660000.00% | |
Financial assets held for trading | Currency swaps | Discounted cash flow | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.73% | 0.66% | |
Financial assets held for trading | Currency swaps | Discounted cash flow | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (110) | € 0 | |
Financial assets held for trading | Currency swaps | Discounted cash flow | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 110 | € 200 | |
Financial assets held for trading | Currency swaps | Forward estimation | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.04% | ||
Financial assets held for trading | Currency swaps | Forward estimation | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.04%) | ||
Financial assets held for trading | Currency swaps | Forward estimation | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.09%) | ||
Financial assets held for trading | Currency swaps | Forward estimation | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (30) | ||
Financial assets held for trading | Currency swaps | Forward estimation | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 30 | ||
Financial assets held for trading | Convertibility curve - NDFs Offshore | Forward estimation | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets held for trading | Convertibility curve - NDFs Offshore | Forward estimation | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 2.00% | 2000000.00% | |
Financial assets held for trading | Convertibility curve - NDFs Offshore | Forward estimation | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.61% | 0.61% | |
Financial assets held for trading | Convertibility curve - NDFs Offshore | Forward estimation | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (650) | € (720) | |
Financial assets held for trading | Convertibility curve - NDFs Offshore | Forward estimation | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 280 | € 310 | |
Financial assets held for trading | EQ Options | EQ option pricing model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 7.86% | |
Financial assets held for trading | EQ Options | EQ option pricing model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 90.00% | 93670000.00% | |
Financial assets held for trading | EQ Options | EQ option pricing model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 61.20% | 48.37% | |
Financial assets held for trading | EQ Options | EQ option pricing model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (240) | € (1,460) | |
Financial assets held for trading | EQ Options | EQ option pricing model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 520 | € 1,810 | |
Financial assets held for trading | EQ Options | Local volatility | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.00% | ||
Financial assets held for trading | EQ Options | Local volatility | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 90.00% | ||
Financial assets held for trading | EQ Options | Local volatility | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 40.00% | ||
Financial assets held for trading | EQ Options | Local volatility | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (6,820) | ||
Financial assets held for trading | EQ Options | Local volatility | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 6,820 | ||
Financial assets held for trading | FRAs | Asset swap model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets held for trading | FRAs | Asset swap model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 4.00% | 5000000.00% | |
Financial assets held for trading | FRAs | Asset swap model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 1.78% | 2.22% | |
Financial assets held for trading | FRAs | Asset swap model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (910) | € (780) | |
Financial assets held for trading | FRAs | Asset swap model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 730 | € 630 | |
Financial assets held for trading | FX Options | FX option pricing model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets held for trading | FX Options | FX option pricing model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 50.00% | 50000000.00% | |
Financial assets held for trading | FX Options | FX option pricing model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 32.14% | 32.14% | |
Financial assets held for trading | FX Options | FX option pricing model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (280) | € (390) | |
Financial assets held for trading | FX Options | FX option pricing model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 500 | € 700 | |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 40.00% | 50000000.00% | |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 13.29% | 16.67% | |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (470) | € (470) | |
Financial assets held for trading | Inflation Derivatives | Volatility option model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 240 | € 230 | |
Financial assets held for trading | Inflation Derivatives | Asset swap model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (50.00%) | (100.00%) | |
Financial assets held for trading | Inflation Derivatives | Asset swap model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 50.00% | 50000000.00% | |
Financial assets held for trading | Inflation Derivatives | Asset swap model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 50.00% | 83.33% | |
Financial assets held for trading | Inflation Derivatives | Asset swap model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (560) | € (630) | |
Financial assets held for trading | Inflation Derivatives | Asset swap model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 280 | € 310 | |
Financial assets held for trading | IR Futures | Asset swap model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets held for trading | IR Futures | Asset swap model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 15.00% | 15000000.00% | |
Financial assets held for trading | IR Futures | Asset swap model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 5.91% | 0.94% | |
Financial assets held for trading | IR Futures | Asset swap model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (1,090) | € (940) | |
Financial assets held for trading | IR Futures | Asset swap model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 710 | € 60 | |
Financial assets held for trading | IR Options | IR option pricing model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets held for trading | IR Options | IR option pricing model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 60.00% | 100000000.00% | |
Financial assets held for trading | IR Options | IR option pricing model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 36.28% | 19.05% | |
Financial assets held for trading | IR Options | IR option pricing model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (200) | € (270) | |
Financial assets held for trading | IR Options | IR option pricing model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 310 | € 60 | |
Financial assets held for trading | IRS | Discounted cash flow | Minimum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 1.031% | 0.7897% | |
Financial assets held for trading | IRS | Discounted cash flow | Minimum | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.80%) | ||
Financial assets held for trading | IRS | Discounted cash flow | Minimum | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 7.70% | 5.90% | |
Financial assets held for trading | IRS | Discounted cash flow | Maximum | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 3.756% | 2.0237% | |
Financial assets held for trading | IRS | Discounted cash flow | Maximum | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 6.50% | ||
Financial assets held for trading | IRS | Discounted cash flow | Maximum | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 8.20% | 6310000.00% | |
Financial assets held for trading | IRS | Discounted cash flow | Weighted average | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 71.91% | 0.0982% | |
Financial assets held for trading | IRS | Discounted cash flow | Weighted average | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 1.81% | ||
Financial assets held for trading | IRS | Discounted cash flow | Weighted average | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (2.87%) | 2.26% | |
Financial assets held for trading | IRS | Discounted cash flow | Unfavourable Scenario | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (7,210) | € (2,810) | |
Financial assets held for trading | IRS | Discounted cash flow | Unfavourable Scenario | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | (40) | ||
Financial assets held for trading | IRS | Discounted cash flow | Unfavourable Scenario | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | (230) | (10) | |
Financial assets held for trading | IRS | Discounted cash flow | Favourable Scenario | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | 4,160 | 1,290 | |
Financial assets held for trading | IRS | Discounted cash flow | Favourable Scenario | Inflation Swap Rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | 10 | ||
Financial assets held for trading | IRS | Discounted cash flow | Favourable Scenario | Swap rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 100 | € 20 | |
Financial assets held for trading | IRS | Forward estimation | Minimum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.0898%) | ||
Financial assets held for trading | IRS | Forward estimation | Minimum | Prepayment rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 6.00% | ||
Financial assets held for trading | IRS | Forward estimation | Maximum | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.1112% | ||
Financial assets held for trading | IRS | Forward estimation | Maximum | Prepayment rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 12.00% | ||
Financial assets held for trading | IRS | Forward estimation | Unfavourable Scenario | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (270) | ||
Financial assets held for trading | IRS | Forward estimation | Unfavourable Scenario | Prepayment rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | 0 | ||
Financial assets held for trading | IRS | Forward estimation | Favourable Scenario | Interest rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | 170 | ||
Financial assets held for trading | IRS | Forward estimation | Favourable Scenario | Prepayment rate | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 0 | ||
Financial assets held for trading | IRS | Asset swap model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (6.00%) | (6.00%) | |
Financial assets held for trading | IRS | Asset swap model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 12.80% | 12500000.00% | |
Financial assets held for trading | IRS | Asset swap model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.36% | 10.00% | |
Financial assets held for trading | IRS | Asset swap model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (70) | € (80) | |
Financial assets held for trading | IRS | Asset swap model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 130 | € 130 | |
Financial assets held for trading | IRS | Others | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.05% | ||
Financial assets held for trading | IRS | Others | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (1,490) | ||
Financial assets held for trading | IRS | Others | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 0 | ||
Financial assets held for trading | IRS | Prepayment modeling | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 2.50% | 2.47% | |
Financial assets held for trading | IRS | Prepayment modeling | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 6.20% | 6220000.00% | |
Financial assets held for trading | IRS | Prepayment modeling | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.44% | 0.06% | |
Financial assets held for trading | IRS | Prepayment modeling | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (90) | € (120) | |
Financial assets held for trading | IRS | Prepayment modeling | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 50 | € 50 | |
Financial assets held for trading | Property derivatives | Option pricing model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets held for trading | Property derivatives | Option pricing model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 5.00% | 5000000.00% | |
Financial assets held for trading | Property derivatives | Option pricing model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 2.50% | 2.50% | |
Financial assets held for trading | Property derivatives | Option pricing model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (2,620) | € (17,820) | |
Financial assets held for trading | Property derivatives | Option pricing model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 2,620 | € 17,820 | |
Financial assets held for trading | Swaptions | IR option pricing model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets held for trading | Swaptions | IR option pricing model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 40.00% | 50000000.00% | |
Financial assets held for trading | Swaptions | IR option pricing model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 26.67% | 33.33% | |
Financial assets held for trading | Swaptions | IR option pricing model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (130) | € (160) | |
Financial assets held for trading | Swaptions | IR option pricing model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 270 | € 310 | |
Financial assets held for trading | Corporate debt | Price based | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 85.00% | ||
Financial assets held for trading | Corporate debt | Price based | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 115.00% | ||
Financial assets held for trading | Corporate debt | Price based | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 15.00% | ||
Financial assets held for trading | Corporate debt | Price based | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 0 | ||
Financial assets held for trading | Corporate debt | Price based | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 0 | ||
Financial assets held for trading | FX Forward | Discounted cash flow | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.02%) | ||
Financial assets held for trading | FX Forward | Discounted cash flow | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.30%) | ||
Financial assets held for trading | FX Forward | Discounted cash flow | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.11% | ||
Financial assets held for trading | FX Forward | Discounted cash flow | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 0 | ||
Financial assets held for trading | FX Forward | Discounted cash flow | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 0 | ||
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted cash flow | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | ||
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted cash flow | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 20.00% | ||
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted cash flow | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 9.88% | ||
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted cash flow | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (1,230) | ||
Financial assets designated at fair value through profit or loss | Corporate debt | Discounted cash flow | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 1,200 | ||
Financial assets designated at fair value through profit or loss | Loans | Discounted cash flow | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.10% | ||
Financial assets designated at fair value through profit or loss | Loans | Discounted cash flow | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 1.40% | ||
Financial assets designated at fair value through profit or loss | Loans | Discounted cash flow | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.66% | ||
Financial assets designated at fair value through profit or loss | Loans | Discounted cash flow | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (260) | ||
Financial assets designated at fair value through profit or loss | Loans | Discounted cash flow | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 260 | ||
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 5.00% | 5000000.00% | |
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 2.50% | 2.50% | |
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (1,900) | € (2,230) | |
Financial assets designated at fair value through profit or loss | Mortgage portfolio | Black Scholes model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 1,900 | € 2,230 | |
Financial assets designated at fair value through profit or loss | Government debt | Discounted cash flow | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | 0.00% | |
Financial assets designated at fair value through profit or loss | Government debt | Discounted cash flow | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.00% | 10000000.00% | |
Financial assets designated at fair value through profit or loss | Government debt | Discounted cash flow | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 8.33% | 8.33% | |
Financial assets designated at fair value through profit or loss | Government debt | Discounted cash flow | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (4,140) | € (780) | |
Financial assets designated at fair value through profit or loss | Government debt | Discounted cash flow | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 20,690 | € 3,910 | |
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.00% | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 4.74% | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (5,470) | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Others | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 4,920 | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 90000000.00% | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 110000000.00% | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.00% | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (150) | ||
Financial assets designated at fair value through profit or loss | Other debt securities | Price based | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 150 | ||
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | ||
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 5000000.00% | ||
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 2.50% | ||
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (7,240) | ||
Financial assets designated at fair value through profit or loss | Property securities | Probability weighting | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | 7,240 | ||
Financial assets designated at fair value through profit or loss | Repos / Reverse repos | Asset Swap Repo Model | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | (180) | ||
Financial assets designated at fair value through profit or loss | Repos / Reverse repos | Asset Swap Repo Model | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 230 | ||
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.07% | ||
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 1550000.00% | ||
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.74% | ||
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (350) | ||
Financial assets designated at fair value through profit or loss | Other loans | Present value method | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 350 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted cash flow | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.01%) | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted cash flow | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.01% | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted cash flow | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 1.00% | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted cash flow | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (560) | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Corporate debt | Discounted cash flow | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 600 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.00% | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 5.00% | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 2.50% | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (1,190) | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Property securities | Probability weighting | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 1,190 | ||
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 90.00% | 90000000.00% | |
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 110.00% | 110000000.00% | |
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.00% | 10.00% | |
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (123,100) | € (50,470) | |
Non-trading financial assets mandatorily at fair value through profit or loss | Equities | Price based | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 123,100 | € 50,470 | |
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (150000.00%) | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Minimum | Interest rate curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.10%) | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Minimum | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | (0.01%) | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 150000.00% | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Maximum | Interest rate curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.10% | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Maximum | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.01% | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Weighted average | Interest rate curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.12% | 0.15% | |
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Weighted average | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 1.00% | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Unfavourable Scenario | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (19,840) | € (6,720) | |
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Unfavourable Scenario | Interest rate curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | (70) | (90) | |
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Unfavourable Scenario | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | (13,120) | ||
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Favourable Scenario | Credit spread | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | 0 | 0 | |
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Favourable Scenario | Interest rate curve | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | 70 | € 90 | |
Financial assets at fair value through other comprehensive income | Loans | Discounted cash flow | Favourable Scenario | Margin of a reference portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 13,040 | ||
Financial assets at fair value through other comprehensive income | Loans | Forward estimation | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.77% | ||
Financial assets at fair value through other comprehensive income | Loans | Forward estimation | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 2.42% | ||
Financial assets at fair value through other comprehensive income | Loans | Forward estimation | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 0 | ||
Financial assets at fair value through other comprehensive income | Loans | Forward estimation | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 0 | ||
Financial assets at fair value through other comprehensive income | Government debt | Discounted cash flow | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.60% | 1100000.00% | |
Financial assets at fair value through other comprehensive income | Government debt | Discounted cash flow | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.80% | 1300000.00% | |
Financial assets at fair value through other comprehensive income | Government debt | Discounted cash flow | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.09% | 0.10% | |
Financial assets at fair value through other comprehensive income | Government debt | Discounted cash flow | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (10) | € 0 | |
Financial assets at fair value through other comprehensive income | Government debt | Discounted cash flow | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 10 | € 0 | |
Financial assets at fair value through other comprehensive income | Equities | Price based | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 90.00% | 90000000.00% | |
Financial assets at fair value through other comprehensive income | Equities | Price based | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 110.00% | 110000000.00% | |
Financial assets at fair value through other comprehensive income | Equities | Price based | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 10.00% | 10.00% | |
Financial assets at fair value through other comprehensive income | Equities | Price based | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (82,130) | € (122,140) | |
Financial assets at fair value through other comprehensive income | Equities | Price based | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 82,130 | € 122,140 | |
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Minimum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 150000.00% | ||
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Maximum | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 530000.00% | ||
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Weighted average | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, percent | 0.19% | ||
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Unfavourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € (40) | ||
Financial assets at fair value through other comprehensive income | Other loans | Present value method | Favourable Scenario | |||
Disclosure of detailed information about financial instruments [line items] | |||
Valuation inputs used in fair value measurement, impact amount | € 40 |
Accounting policies - Changes i
Accounting policies - Changes in the financial instruments classified as level 3 (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | € 7,667 | € 8,543 | |
Assets at beginning/end of period | 8,543 | ||
Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 7,667 | 8,543 | € 6,651 |
Purchases | 6,410 | 9,247 | 5,047 |
Sales | (7,083) | (8,051) | (2,119) |
Changes in fair value recognized in profit or loss | (65) | 311 | 261 |
Changes in fair value recognized in equity | (228) | (390) | (190) |
Transfers out of Level 3 of fair value hierarchy, assets | (851) | ||
Transfers into Level 3 of fair value hierarchy, assets | 66 | 316 | |
Other | 24 | 459 | 30 |
Assets at beginning/end of period | 8,543 | 6,651 | 4,473 |
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 905 | 1,074 | 442 |
Purchases | 228 | 44 | 434 |
Sales | (42) | (17) | (17) |
Changes in fair value recognized in profit or loss | (138) | 118 | 76 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (310) | (128) | |
Transfers into Level 3 of fair value hierarchy, liabilities | 143 | ||
Other | (14) | (186) | (4) |
Liabilities at end of period | 629 | 905 | 1,074 |
Other | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 50 | ||
Liabilities at end of period | 50 | ||
Financial liabilities held for trading | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 295 | 290 | 289 |
Purchases | 85 | 40 | 136 |
Sales | (42) | (14) | (12) |
Changes in fair value recognized in profit or loss | (138) | 130 | 45 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (21) | (96) | (164) |
Other | (19) | (55) | |
Liabilities at end of period | 160 | 295 | 290 |
Financial liabilities held for trading | Derivatives | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 295 | 290 | 289 |
Purchases | 85 | 40 | 136 |
Sales | (42) | (14) | (12) |
Changes in fair value recognized in profit or loss | (138) | 130 | 45 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (21) | (96) | (164) |
Other | (19) | (55) | (4) |
Liabilities at end of period | 160 | 295 | 290 |
Financial liabilities held for trading | Swaps | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 81 | 115 | 111 |
Purchases | 4 | 8 | 6 |
Sales | (10) | 0 | (5) |
Changes in fair value recognized in profit or loss | (36) | (7) | (17) |
Transfers out of Level 3 of fair value hierarchy, liabilities | (26) | ||
Transfers into Level 3 of fair value hierarchy, liabilities | 3 | 20 | |
Other | 2 | (9) | 0 |
Liabilities at end of period | 44 | 81 | 115 |
Financial liabilities held for trading | Exchange rate options | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 1 | 1 | 7 |
Purchases | 2 | 0 | 1 |
Sales | 0 | 0 | 0 |
Changes in fair value recognized in profit or loss | 4 | 2 | 0 |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | 0 | (7) |
Other | 0 | (2) | 0 |
Liabilities at end of period | 7 | 1 | 1 |
Financial liabilities held for trading | Interest rate option | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 49 | 34 | 26 |
Purchases | 26 | 11 | 0 |
Sales | (19) | (2) | 0 |
Changes in fair value recognized in profit or loss | (8) | 6 | 8 |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | 0 | |
Transfers into Level 3 of fair value hierarchy, liabilities | 0 | ||
Other | (22) | 0 | 0 |
Liabilities at end of period | 26 | 49 | 34 |
Financial liabilities held for trading | Index and securities options | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 97 | 88 | 143 |
Purchases | 23 | 21 | 79 |
Sales | (5) | (8) | (7) |
Changes in fair value recognized in profit or loss | (27) | 95 | 51 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (22) | (70) | (177) |
Other | 1 | (29) | (1) |
Liabilities at end of period | 67 | 97 | 88 |
Financial liabilities held for trading | Securities and interest rate futures | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 2 | 2 | 0 |
Purchases | 0 | 0 | 3 |
Sales | (2) | 0 | 0 |
Changes in fair value recognized in profit or loss | 0 | 0 | 0 |
Transfers out of Level 3 of fair value hierarchy, liabilities | 0 | 0 | |
Transfers into Level 3 of fair value hierarchy, liabilities | 0 | ||
Other | 0 | 0 | (1) |
Liabilities at end of period | 0 | 2 | 2 |
Financial liabilities held for trading | Other | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 65 | 50 | 2 |
Purchases | 30 | 0 | 47 |
Sales | (6) | (4) | 0 |
Changes in fair value recognized in profit or loss | (71) | 34 | 3 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (2) | 0 | |
Transfers into Level 3 of fair value hierarchy, liabilities | 0 | ||
Other | 0 | (15) | (2) |
Liabilities at end of period | 16 | 65 | 50 |
Derivatives | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 0 | 6 | |
Purchases | 0 | ||
Sales | 0 | ||
Changes in fair value recognized in profit or loss | 0 | ||
Transfers out of Level 3 of fair value hierarchy, liabilities | (6) | ||
Other | 0 | ||
Liabilities at end of period | 0 | ||
Derivatives | Swaps | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 0 | 6 | |
Purchases | 0 | ||
Sales | 0 | ||
Changes in fair value recognized in profit or loss | 0 | ||
Transfers out of Level 3 of fair value hierarchy, liabilities | (6) | ||
Other | 0 | ||
Liabilities at end of period | 0 | ||
FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | |||
Changes in financial instruments, Liabilities | |||
Liabilities at beginning of period | 610 | 784 | 147 |
Purchases | 143 | 4 | 298 |
Sales | 0 | (3) | (5) |
Changes in fair value recognized in profit or loss | 0 | (12) | 31 |
Transfers out of Level 3 of fair value hierarchy, liabilities | (289) | (32) | |
Transfers into Level 3 of fair value hierarchy, liabilities | 313 | ||
Other | 5 | (131) | 0 |
Liabilities at end of period | 469 | 610 | 784 |
Financial assets held for trading | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 537 | 740 | 598 |
Purchases | 136 | 52 | 142 |
Sales | (124) | (98) | (80) |
Changes in fair value recognized in profit or loss | (181) | 330 | 115 |
Transfers out of Level 3 of fair value hierarchy, assets | (15) | (45) | (317) |
Other | (19) | (97) | 0 |
Assets at beginning/end of period | 740 | 598 | 738 |
Financial assets held for trading | Debt instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 22 | 7 | 65 |
Purchases | 20 | 7 | |
Sales | (2) | (27) | |
Changes in fair value recognized in profit or loss | (2) | 1 | |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 | |
Other | (1) | (39) | |
Assets at beginning/end of period | 7 | 65 | |
Financial assets held for trading | Equity instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 2 | 3 | 0 |
Purchases | 0 | 3 | |
Sales | (1) | 0 | |
Changes in fair value recognized in profit or loss | 0 | 0 | |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 | |
Other | 0 | 0 | |
Assets at beginning/end of period | 3 | 0 | |
Financial assets held for trading | Derivatives | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 513 | 730 | 533 |
Purchases | 116 | 42 | 108 |
Sales | (121) | (71) | (42) |
Changes in fair value recognized in profit or loss | (179) | 329 | 111 |
Transfers out of Level 3 of fair value hierarchy, assets | (15) | (45) | (229) |
Other | (18) | (58) | 0 |
Assets at beginning/end of period | 730 | 533 | 585 |
Financial assets held for trading | Swaps | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 224 | 272 | 182 |
Purchases | 5 | 0 | 10 |
Sales | (33) | (8) | (14) |
Changes in fair value recognized in profit or loss | (35) | 116 | 22 |
Transfers out of Level 3 of fair value hierarchy, assets | (8) | (20) | |
Transfers into Level 3 of fair value hierarchy, assets | 33 | ||
Other | (18) | (10) | (1) |
Assets at beginning/end of period | 272 | 182 | 185 |
Financial assets held for trading | Exchange rate options | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 12 | 22 | 8 |
Purchases | 14 | 0 | 0 |
Sales | (27) | 0 | 0 |
Changes in fair value recognized in profit or loss | 3 | 15 | 6 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 | 0 |
Other | 0 | (1) | 0 |
Assets at beginning/end of period | 22 | 8 | 2 |
Financial assets held for trading | Interest rate option | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 182 | 241 | 177 |
Purchases | 7 | 15 | 0 |
Sales | (39) | (12) | (5) |
Changes in fair value recognized in profit or loss | (27) | 61 | 33 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 | 0 |
Other | 0 | 0 | 0 |
Assets at beginning/end of period | 241 | 177 | 149 |
Financial assets held for trading | Index and securities options | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 41 | 94 | 95 |
Purchases | 18 | 25 | 48 |
Sales | (12) | (43) | (18) |
Changes in fair value recognized in profit or loss | (51) | 85 | 50 |
Transfers out of Level 3 of fair value hierarchy, assets | (8) | (38) | (182) |
Other | 0 | (30) | (1) |
Assets at beginning/end of period | 94 | 95 | 198 |
Financial assets held for trading | Other | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 54 | 101 | 71 |
Purchases | 72 | 2 | 50 |
Sales | (10) | (8) | (5) |
Changes in fair value recognized in profit or loss | (69) | 52 | 0 |
Transfers out of Level 3 of fair value hierarchy, assets | (40) | (27) | |
Transfers into Level 3 of fair value hierarchy, assets | 1 | ||
Other | 0 | (17) | 2 |
Assets at beginning/end of period | 101 | 71 | 51 |
Financial assets held for trading | Debt and equity instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 65 | ||
Purchases | 34 | ||
Sales | (38) | ||
Changes in fair value recognized in profit or loss | 4 | ||
Transfers out of Level 3 of fair value hierarchy, assets | (88) | ||
Other | 0 | ||
Assets at beginning/end of period | 65 | 153 | |
Derivatives | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 0 | ||
Purchases | 0 | ||
Sales | 0 | ||
Changes in fair value recognized in profit or loss | 0 | ||
Transfers out of Level 3 of fair value hierarchy, assets | (21) | ||
Other | 0 | ||
Assets at beginning/end of period | 0 | 21 | |
Derivatives | Swaps | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 0 | ||
Purchases | 0 | ||
Sales | 0 | ||
Changes in fair value recognized in profit or loss | 0 | ||
Transfers out of Level 3 of fair value hierarchy, assets | (21) | ||
Other | 0 | ||
Assets at beginning/end of period | 0 | 21 | |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 418 | 649 | 664 |
Purchases | 59 | 280 | 55 |
Sales | (120) | (45) | (16) |
Changes in fair value recognized in profit or loss | (11) | 17 | 65 |
Transfers out of Level 3 of fair value hierarchy, assets | (163) | (91) | (261) |
Other | 4 | (176) | (55) |
Assets at beginning/end of period | 649 | 664 | 876 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 400 | 467 | 582 |
Purchases | 59 | 116 | 35 |
Sales | (118) | (30) | (7) |
Changes in fair value recognized in profit or loss | (11) | 15 | 66 |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | (41) | |
Transfers into Level 3 of fair value hierarchy, assets | 386 | ||
Other | 3 | (175) | (13) |
Assets at beginning/end of period | 467 | 582 | 115 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Credit institutions | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 0 | 163 | 50 |
Purchases | 0 | 164 | 0 |
Sales | 0 | 0 | 0 |
Changes in fair value recognized in profit or loss | 0 | (1) | 0 |
Transfers out of Level 3 of fair value hierarchy, assets | (163) | (50) | (151) |
Other | 0 | 0 | 0 |
Assets at beginning/end of period | 163 | 50 | 201 |
FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS | Customers | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 18 | 19 | 32 |
Purchases | 0 | 0 | 20 |
Sales | (2) | (15) | (9) |
Changes in fair value recognized in profit or loss | 0 | 3 | (1) |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | 0 | (496) |
Other | 1 | (1) | (42) |
Assets at beginning/end of period | 19 | 32 | 560 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 1,865 | 934 | 1,601 |
Purchases | 534 | 120 | 426 |
Sales | (251) | (292) | (325) |
Changes in fair value recognized in profit or loss | 127 | (36) | 81 |
Transfers out of Level 3 of fair value hierarchy, assets | (119) | 0 | |
Transfers into Level 3 of fair value hierarchy, assets | 485 | ||
Other | 36 | (340) | 16 |
Assets at beginning/end of period | 934 | 1,601 | 1,403 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Debt instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 366 | 134 | 675 |
Purchases | 206 | 0 | 199 |
Sales | (28) | (144) | (7) |
Changes in fair value recognized in profit or loss | 28 | (63) | (10) |
Transfers out of Level 3 of fair value hierarchy, assets | 0 | ||
Transfers into Level 3 of fair value hierarchy, assets | 17 | 2 | |
Other | 9 | (336) | 12 |
Assets at beginning/end of period | 134 | 675 | 481 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Equity instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 1,231 | 505 | 550 |
Purchases | 206 | 16 | 101 |
Sales | (74) | (12) | (66) |
Changes in fair value recognized in profit or loss | 99 | 15 | 70 |
Transfers out of Level 3 of fair value hierarchy, assets | (91) | 0 | |
Transfers into Level 3 of fair value hierarchy, assets | 471 | ||
Other | 24 | 27 | (17) |
Assets at beginning/end of period | 505 | 550 | 462 |
NON-TRADING FINANCIAL ASSETS MANDATORILY AT FAIR VALUE THROUGH PROFIT OR LOSS | Customers | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 268 | 295 | 376 |
Purchases | 122 | 104 | 126 |
Sales | (149) | (136) | (252) |
Changes in fair value recognized in profit or loss | 0 | 12 | 21 |
Transfers out of Level 3 of fair value hierarchy, assets | (3) | (30) | 0 |
Other | 3 | (31) | 21 |
Assets at beginning/end of period | 295 | 376 | 460 |
Financial assets at fair value through other comprehensive income | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 4,847 | 6,220 | 3,788 |
Purchases | 5,681 | 8,795 | 4,424 |
Sales | (6,588) | (7,616) | (1,698) |
Changes in fair value recognized in profit or loss | 0 | 0 | 0 |
Changes in fair value recognized in equity | (228) | (390) | (190) |
Transfers out of Level 3 of fair value hierarchy, assets | (241) | (252) | |
Transfers into Level 3 of fair value hierarchy, assets | 571 | ||
Other | 3 | 1,072 | 69 |
Assets at beginning/end of period | 6,220 | 3,788 | € 1,435 |
Financial assets at fair value through other comprehensive income | Debt instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 146 | 206 | |
Purchases | 75 | ||
Sales | (25) | ||
Changes in fair value recognized in profit or loss | 0 | ||
Changes in fair value recognized in equity | (43) | ||
Transfers out of Level 3 of fair value hierarchy, assets | (68) | ||
Other | 1 | ||
Assets at beginning/end of period | 206 | ||
Financial assets at fair value through other comprehensive income | Equity instruments | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 821 | 1,223 | |
Purchases | 9 | ||
Sales | (265) | ||
Changes in fair value recognized in profit or loss | 0 | ||
Changes in fair value recognized in equity | (148) | ||
Transfers out of Level 3 of fair value hierarchy, assets | 0 | ||
Other | 2 | ||
Assets at beginning/end of period | 1,223 | ||
Financial assets at fair value through other comprehensive income | Loans and advances | Level 3 | |||
Changes in financial instruments, Assets | |||
Assets at beginning/end of period | 3,880 | € 4,791 | |
Purchases | 5,597 | ||
Sales | (6,298) | ||
Changes in fair value recognized in profit or loss | 0 | ||
Changes in fair value recognized in equity | (37) | ||
Transfers out of Level 3 of fair value hierarchy, assets | (173) | ||
Other | 0 | ||
Assets at beginning/end of period | € 4,791 |
Accounting policies - Offsettin
Accounting policies - Offsetting of financial instruments (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Financial assets offset in the consolidated balance sheets | |||
Gross amount of financial assets | € 173,508 | € 219,302 | € 215,854 |
Gross amount of financial liabilities offset in the balance sheet | (56,349) | (77,053) | (60,944) |
Net amount of financial assets presented in the balance sheet | 117,159 | 142,249 | 154,910 |
Financial liabilities offset in the consolidated balance sheets | |||
Gross amount of financial liabilities | 174,885 | 210,238 | 205,927 |
Gross amount of financial assets offset in the balance sheet | (56,348) | (77,053) | (60,944) |
Net amount of financial liabilities presented in the balance sheet | 118,537 | 133,185 | 144,983 |
Gross amount of other items offset in the balance sheet | 1,188 | 1,194 | 1,366 |
Assets subject to netting and collateral arrangements on balance sheet | 106,430 | 130,653 | 141,201 |
Liabilities subject to netting and collateral arrangements on balance sheet | 104,130 | 122,416 | 134,694 |
Derivatives | |||
Financial assets offset in the consolidated balance sheets | |||
Gross amount of financial assets | 101,485 | 136,437 | 126,389 |
Gross amount of financial liabilities offset in the balance sheet | (42,432) | (60,975) | (55,776) |
Net amount of financial assets presented in the balance sheet | 59,053 | 75,462 | 70,613 |
Reverse repurchase agreements | |||
Financial assets offset in the consolidated balance sheets | |||
Gross amount of financial assets | 72,023 | 82,865 | 89,465 |
Gross amount of financial liabilities offset in the balance sheet | (13,917) | (16,078) | (5,168) |
Net amount of financial assets presented in the balance sheet | 58,106 | 66,787 | 84,297 |
Derivatives | |||
Financial liabilities offset in the consolidated balance sheets | |||
Gross amount of financial liabilities | 101,461 | 132,313 | 124,840 |
Gross amount of financial assets offset in the balance sheet | (42,432) | (60,975) | (55,776) |
Net amount of financial liabilities presented in the balance sheet | 59,029 | 71,338 | 69,064 |
Repurchase agreements | |||
Financial liabilities offset in the consolidated balance sheets | |||
Gross amount of financial liabilities | 73,424 | 77,925 | 81,087 |
Gross amount of financial assets offset in the balance sheet | (13,916) | (16,078) | (5,168) |
Net amount of financial liabilities presented in the balance sheet | € 59,508 | € 61,847 | € 75,919 |
Accounting policies - Assets he
Accounting policies - Assets held for sale (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of fair value measurement of assets [line items] | ||
Maximum percentage of appraisal company's total billings to Group | 15.00% | |
Fair value less costs to sell of non-current assets held for sale exceeding carrying amount | € 567 | € 560 |
Spain | ||
Disclosure of fair value measurement of assets [line items] | ||
Percentage of entity's total non-current assets held for sale | 91.00% |
Accounting policies - Impairmen
Accounting policies - Impairment valuation assessment (Details) - Forecast € in Millions | 12 Months Ended |
Dec. 31, 2022EUR (€) | |
Disclosure of fair value measurement of assets [line items] | |
Default rate expected increase (in percentage) | 0.24% |
Expected impact on credit risk provision | € 0 |
Accounting policies - Tangible
Accounting policies - Tangible assets - Property, plant and equipment for own use (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Buildings | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Average annual rate (as a percent) | 2.70% |
Furniture | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Average annual rate (as a percent) | 8.50% |
Fixtures | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Average annual rate (as a percent) | 8.50% |
Office and IT equipment | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Average annual rate (as a percent) | 23.80% |
Accounting policies - Income ta
Accounting policies - Income tax (Details) € in Millions | Dec. 31, 2021EUR (€) |
Disclosure Of Accounting Policies Abstract [Abstract] | |
Unrecognised, deferred tax liabilities | € 317.4 |
Accounting policies - Consolida
Accounting policies - Consolidated statement of cash flows (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Accounting Policies Abstract [Abstract] | |||
Interest received | € 48,081 | € 43,953 | € 55,269 |
Interest paid | € 12,738 | € 13,690 | € 20,671 |
Grupo Santander - Purchase by S
Grupo Santander - Purchase by SHUSA for shares of Santander Consumer USA (Details) $ / shares in Units, € in Millions, $ in Millions | Jan. 31, 2022USD ($) | Jul. 01, 2021$ / shares | Jan. 31, 2022EUR (€) | Aug. 31, 2021$ / shares | Dec. 31, 2020EUR (€) |
Disclosure of detailed information about business combination [line items] | |||||
Consideration transferred, acquisition-date fair value | € | € 711 | ||||
Group Santander Holdings USA | Santander Consumer USA Holdings, Inc. | |||||
Disclosure of detailed information about business combination [line items] | |||||
Expected consideration (in monetary units per share) | $ 41.50 | ||||
Premium over closing price of common stock (in percentage) | 14.00% | ||||
Trading closing price of common stock (in USD per share) | $ 36.43 | ||||
Ownership interest (as a percent) | 100.00% | ||||
Consideration transferred, acquisition-date fair value | $ 2,510 | € 2,239 |
Grupo Santander - Acquisition o
Grupo Santander - Acquisition of Amherst Pierpoint, a U.S. fixed-income broker dealer (Details) € in Millions, $ in Millions | Jul. 15, 2021USD ($) | Jul. 15, 2021EUR (€) | Dec. 31, 2020EUR (€) |
Disclosure of detailed information about business combination [line items] | |||
Consideration transferred, acquisition-date fair value | € 711 | ||
Amherst Pierpoint Securities | Group Santander Holdings USA | |||
Disclosure of detailed information about business combination [line items] | |||
Consideration transferred, acquisition-date fair value | $ 600 | € 530 |
Grupo Santander - Tender offer
Grupo Santander - Tender offer for shares of Banco Santander Mexico (Details) - Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México € / shares in Units, € in Millions | Mar. 26, 2021 | Jul. 23, 2019EUR (€) | Apr. 12, 2019 | Dec. 10, 2021$ / shares$ / shares | Dec. 10, 2021$ / shares | Dec. 10, 2021EUR (€)Rate | Dec. 10, 2021€ / shares |
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of ownership interest not held by entity | 8.30% | 25.00% | |||||
Number of shares per American Depository Share | Rate | 500.00% | ||||||
Share capital contributed (as a percent) | 2.35% | 16.69% | 4.50% | ||||
Proportion of ownership interest in entity | 91.65% | 96.20% | 96.20% | 96.20% | |||
Expected consideration (in monetary units per share) | (per share) | $ 26.5 | $ 26.5 | € 1 | ||||
Expected consideration per American Depositary Share (in monetary units per share) | (per share) | $ 6.2486 | $ 132.50 | |||||
Consideration paid (received) | € 335 | ||||||
Decrease in reserves | € 670 | 41 | |||||
Decrease in minority interests | € 1,012 | € 294 |
Grupo Santander - Acquisition_2
Grupo Santander - Acquisition of Ebury (Details) € in Millions, £ in Millions | Dec. 31, 2020EUR (€) | Apr. 28, 2020EUR (€) | Apr. 28, 2020GBP (£) | Dec. 31, 2019EUR (€) | Dec. 31, 2019GBP (£) |
Disclosure of detailed information about business combination [line items] | |||||
Consideration transferred, acquisition-date fair value | € 711 | ||||
Ebury | |||||
Disclosure of detailed information about business combination [line items] | |||||
Consideration transferred, acquisition-date fair value | € 409 | £ 357 | € 45 | £ 40 | |
Equity interests of acquirer | € 80 | £ 70 | |||
Percentage of voting equity interests acquired | 50.38% | 50.38% | 6.40% | 6.40% |
Grupo Santander - Reorganizatio
Grupo Santander - Reorganization of insurance business (Details) - EUR (€) € in Millions | Jul. 10, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 15, 2020 | Dec. 31, 2019 | Jun. 25, 2019 | Jan. 21, 2019 |
Disclosure of detailed information about business combination [line items] | |||||||
Associated entities | € 5,833 | € 6,130 | € 7,447 | ||||
Liability due at termination of agreement | € 859 | ||||||
Percentage of business acquired by first counterparty | 51.00% | ||||||
Consideration transferred, acquisition-date fair value | 711 | ||||||
Goodwill | € 271 | ||||||
Percentage of business acquired by second counterparty | 50.01% | ||||||
Aegon | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Consideration transferred, acquisition-date fair value | € 557 | ||||||
Mapfre | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of ownership interest not held by entity | 51.00% | ||||||
Consideration transferred, acquisition-date fair value | € 82 | ||||||
Allianz Group | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Associated entities | € 409 | ||||||
Allianz Group | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of voting equity interests acquired | 60.00% | 40.00% |
Grupo Santander - Agreement wit
Grupo Santander - Agreement with Credit Agricole (Details) - EUR (€) € in Millions | Apr. 17, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about business combination [line items] | ||||
Net capital gain on non-current assets held-for-sale | € (43) | € (171) | € (232) | |
Caceis | ||||
Disclosure of detailed information about business combination [line items] | ||||
Percentage of ownership interest expected following purchase transaction | 30.50% | |||
Percentage of ownership interest not held by entity | 69.50% | |||
Net capital gain on non-current assets held-for-sale | € 693 | |||
Gains (losses) on financial assets at fair value through profit or loss, designated upon initial recognition or subsequently | € 219 | |||
Spain | ||||
Disclosure of detailed information about business combination [line items] | ||||
Share capital contributed (as a percent) | 100.00% | |||
Latin America | Caceis | ||||
Disclosure of detailed information about business combination [line items] | ||||
Share capital contributed (as a percent) | 49.99% | |||
Caceis | ||||
Disclosure of detailed information about business combination [line items] | ||||
Investments in associates | € 1,010 |
Grupo Santander - Acquisition_3
Grupo Santander - Acquisition of Banco Santander Mexico (Details) - Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México € in Millions | Mar. 26, 2021 | Jul. 23, 2019EUR (€)shares | Apr. 12, 2019shares | Dec. 10, 2021EUR (€) |
Disclosure of detailed information about business combination [line items] | ||||
Percentage of ownership interest not held by entity | 8.30% | 25.00% | ||
New shares issuable per acquiree share (in shares) | shares | 0.337 | |||
ADS exchange ratio (in shares) | shares | 1.685 | |||
Share capital contributed (as a percent) | 2.35% | 16.69% | 4.50% | |
Proportion of ownership interest in entity | 91.65% | 96.20% | ||
Number of instruments or interests issued or issuable (in shares) | shares | 381,540,640 | |||
Increase in capital | € 191 | |||
Increase in issue premium | 1,491 | |||
Decrease in reserves | 670 | € 41 | ||
Decrease in minority interests | € 1,012 | € 294 |
Grupo Santander - Off-shore ent
Grupo Santander - Off-shore entities (Details) | 12 Months Ended | |||
Dec. 31, 2021numberOfEmployeesnumberOfPersonsubsidiarybranchnumberOfHoldingEntity | Oct. 31, 2021jurisdiction | Dec. 31, 2020numberOfPersonsubsidiarybranch | Dec. 31, 2019numberOfPerson | |
Disclosure of detailed information about business combination [line items] | ||||
Number of employees | numberOfPerson | 197,070 | 191,189 | 196,419 | |
Number of jurisdictions in EU's blacklist where Santander is not present | jurisdiction | 9 | |||
Number of jurisdictions within EU's grey list | jurisdiction | 15 | |||
Off-shore entities | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of branches | 3 | |||
Number of employees | numberOfEmployees | 147 | |||
Off-shore entities | Spanish Legislation | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries resident in off-shore territories | subsidiary | 1 | 2 | ||
Number of branches | 3 | 3 | ||
Off-shore entities | British Legislation | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries resident in off-shore territories | subsidiary | 3 | |||
Off-shore entities | Cayman Islands | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of branches | 1 | |||
Off-shore entities | Cayman Islands | Spanish Legislation | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of branches | 1 | |||
Off-shore entities | Isle of Man | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of branches | 1 | |||
Off-shore entities | Isle of Man | Spanish Legislation | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of branches | 1 | |||
Off-shore entities | United Kingdom | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of subsidiaries resident in off-shore territories | subsidiary | 3 | |||
Number of subsidiaries expected to be liquidated | subsidiary | 1 | |||
Santander Brazil Global Investment Fund SPC | Cayman Islands | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of small holding entities | numberOfHoldingEntity | 2 |
Grupo Santander - Off-shore ter
Grupo Santander - Off-shore territories (Details) - Off-shore entities | 12 Months Ended | |
Dec. 31, 2021branchsubsidiary | Dec. 31, 2020subsidiarybranch | |
Disclosure of detailed information about business combination [line items] | ||
Number of branches | 3 | |
Spanish Legislation | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries | subsidiary | 1 | 2 |
Number of branches | 3 | 3 |
OECD | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries | subsidiary | 0 | 0 |
Number of branches | 0 | 0 |
European Commission Blacklist | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries | subsidiary | 0 | 0 |
Number of branches | 0 | 0 |
Jersey | Spanish Legislation | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries | subsidiary | 1 | |
Number of branches | 1 | |
Isle of Man | ||
Disclosure of detailed information about business combination [line items] | ||
Number of branches | 1 | |
Isle of Man | Spanish Legislation | ||
Disclosure of detailed information about business combination [line items] | ||
Number of branches | 1 | |
Cayman Islands | ||
Disclosure of detailed information about business combination [line items] | ||
Number of branches | 1 | |
Cayman Islands | Spanish Legislation | ||
Disclosure of detailed information about business combination [line items] | ||
Number of branches | 1 | |
Guernsey | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries tax resident | subsidiary | 2 | |
Number of subsidiaries expected to be liquidated | subsidiary | 1 | |
Bermuda | ||
Disclosure of detailed information about business combination [line items] | ||
Number of subsidiaries tax resident | subsidiary | 1 |
Distribution of Banco Santand_3
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share - Distribution of the Bank's net profit (Details) - EUR (€) € / shares in Units, € in Millions | Feb. 24, 2022 | Nov. 30, 2021 | May 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Profit Distribution [Line Items] | ||||||
To dividends | € 477 | € 1,961 | € 826 | € 3,612 | ||
Profit (loss) | € 9,653 | € (7,708) | € 8,116 | |||
Dividends per share (in eur per share) | € 4.85 | € 0.0275 | ||||
Maximum amount intended for dividends per share (in eur per share) | € 5.15 | |||||
Banco Santander, S.A. | ||||||
Profit Distribution [Line Items] | ||||||
To dividends | € 1,701 | |||||
Dividend paid prior to the meeting date | 836 | |||||
Complementary dividend | 865 | |||||
To voluntary reserves | 2,231 | |||||
Profit (loss) | € 3,932 | |||||
Dividends per share (in eur per share) | € 0.0485 | |||||
Maximum amount intended for dividends per share (in eur per share) | € 0.0515 | |||||
Banco Santander, S.A. | Forecast | ||||||
Profit Distribution [Line Items] | ||||||
Number of shares outstanding, entitled to receive dividend | 16,804,353,202 |
Distribution of Banco Santand_4
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share - Distributions (Details) - EUR (€) € / shares in Units, € in Millions | 1 Months Ended | 11 Months Ended | 12 Months Ended | |||
Nov. 30, 2021 | May 31, 2021 | Nov. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Shareholder remuneration system and earnings per share | ||||||
Dividends per share (in eur per share) | € 4.85 | € 0.0275 | ||||
Maximum amount intended for dividends per share (in eur per share) | € 5.15 | |||||
Share buyback program, first program, shares repurchased, amount | € 841 | |||||
Share buyback program, second program, expected shares to be repurchased, amount | € 865 | |||||
Dividends recognised as distributions to owners | € 477 | € 1,961 | € 826 | € 3,612 |
Distribution of Banco Santand_5
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share - EPS Basic (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Basic earnings per share [abstract] | |||
Profit/(loss) attributable to the parent | € 8,124 | € (8,771) | € 6,515 |
Remuneration of contingently convertible preference shares (CCP) | (566) | (552) | (595) |
Net profit for the year | 7,558 | (9,323) | 5,920 |
Profit (loss) from discontinued operations (net of non-controlling interests) | 0 | 0 | 0 |
Profit (Loss) from continuing operations (PPC net) (EUR million) | € 7,558 | € (9,323) | € 5,920 |
Weighted average number of shares outstanding (in shares) | 17,272,055,430 | 17,316,288,908 | 16,348,415,883 |
Impact factor correction (in shares) | 710,800,691 | ||
Adjusted number of shares (in shares) | 17,272,055,430 | 17,316,288,908 | 17,059,216,574 |
Total basic earnings (loss) per share (in euro per share) | € 0.438 | € (0.538) | € 0.347 |
Basic earnings per share from discontinued operations (in euro per share) | 0 | 0 | 0 |
Basic earnings per share from continuing operations (in euro per share) | € 0.438 | € (0.538) | € 0.347 |
Distribution of Banco Santand_6
Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share - EPS Diluted (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Diluted earnings per share [abstract] | |||
Profit/(loss) attributable to the parent | € 8,124 | € (8,771) | € 6,515 |
Remuneration of contingently convertible preference shares (CCP) | (566) | (552) | (595) |
Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares | 0 | 0 | 0 |
Profit attributable to ordinary equity holders of parent including dilutive effects | 7,558 | (9,323) | 5,920 |
Profit (loss) from discontinued operations (net of non-controlling interests) | 0 | 0 | 0 |
Profit or loss from continuing operations (net of non-controlling interests and CCP) (millions of euros) | € 7,558 | € (9,323) | € 5,920 |
Weighted average number of shares outstanding (in shares) | 17,272,055,430 | 17,316,288,908 | 16,348,415,883 |
Dilutive effect of options/rights on shares (in shares) | 48,972,459 | 35,891,644 | |
Impact factor correction (in shares) | 712,361,197 | ||
Adjusted number of shares (in shares) | 17,321,027,889 | 17,316,288,908 | 17,096,668,724 |
Total diluted earnings (loss) per share (in euro per share) | € 0.436 | € (0.538) | € 0.346 |
Diluted earnings per share from discontinued operations (in euro per share) | 0 | 0 | 0 |
Diluted earnings per share from continuing operations (in euro per share) | € 0.436 | € (0.538) | € 0.346 |
Remuneration and other benefi_3
Remuneration and other benefits paid to the Bank’s directors and senior managers - Emoluments (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2020EUR (€) | Dec. 31, 2020EUR (€) | Dec. 31, 2021EUR (€)numberOfRemunerationComponent | Dec. 31, 2020EUR (€) | Apr. 01, 2020 | |
Remuneration of key personnel | |||||
Remuneration of directors approved by the board of directors | € 6,000,000 | ||||
By-law stipulated emoluments | € 4,800,000 | € 4,100,000 | |||
Mr. Bruce Carnegie-Brown | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | € 595,000 | ||||
Reduction in directors' remuneration, percentage | 20.00% | ||||
Minimum | Mr. Bruce Carnegie-Brown | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | € 700,000 | ||||
Bank's directors and senior managers | |||||
Remuneration of key personnel | |||||
Number of remuneration components | numberOfRemunerationComponent | 2 | ||||
Members of the board of directors | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | € 22,500 | 49,500 | € 90,000 | ||
Members of the executive committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 42,500 | 93,500 | 170,000 | ||
Members of the audit committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 10,000 | 22,000 | 40,000 | ||
Members of the appointments committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 6,250 | 13,750 | 25,000 | ||
Members of the remuneration committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 6,250 | 13,750 | 25,000 | ||
Members of the risk supervision, regulation and compliance oversight committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 10,000 | 22,000 | 40,000 | ||
Members of the responsible banking sustainability and culture committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 3,750 | 8,250 | 15,000 | ||
Members of the innovation and technology committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 0 | 0 | 25,000 | ||
Chairman of the audit committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 17,500 | 38,500 | 70,000 | ||
Chairman of the appointments committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 12,500 | 27,500 | 50,000 | ||
Chairman of the remuneration committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 12,500 | 27,500 | 50,000 | ||
Chairman of the risk, regulation and compliance oversight committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 17,500 | 38,500 | 70,000 | ||
Chairman of the responsible banking sustainability and culture committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 12,500 | 27,500 | 50,000 | ||
Chairman of the innovation and technology committee | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 0 | 0 | 70,000 | ||
Lead director | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | 27,500 | 60,500 | 110,000 | ||
Non-executive vice chairmen | |||||
Remuneration of key personnel | |||||
Annual emoluments, per director | € 7,500 | € 16,500 | € 30,000 |
Remuneration and other benefi_4
Remuneration and other benefits paid to the Bank’s directors and senior managers - Attendance fees (Details) - EUR (€) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Mar. 31, 2020 | Dec. 31, 2020 | Dec. 31, 2021 | |
Members of the board of directors | |||
Remuneration of key personnel | |||
Attendance fees and commissions, per meeting | € 2,600 | € 2,080 | € 2,600 |
Audit committee and risk supervision, regulation and compliance oversight committee | |||
Remuneration of key personnel | |||
Attendance fees and commissions, per meeting | 1,700 | 1,360 | 1,700 |
Other committees | |||
Remuneration of key personnel | |||
Attendance fees and commissions, per meeting | € 1,500 | € 1,200 | € 1,500 |
Remuneration and other benefi_5
Remuneration and other benefits paid to the Bank’s directors and senior managers - Salaries (Details) | 12 Months Ended | |
Dec. 31, 2021EUR (€)AnnuitynumberOfPayments | Dec. 31, 2020EUR (€) | |
Remuneration of key personnel | ||
Immediate payment percentage | 40.00% | |
Deferred percentage | 60.00% | |
Variable Remuneration or bonus deferral period | 5 years | |
Number of payments subject to fulfilment of specific objectives | numberOfPayments | 5 | |
Variable renumeration deferred payment, number of annuities | Annuity | 3 | |
Fixed salary | € | € 6,467,000 | € 5,717,000 |
Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Fixed salary | € | € 750,000 | |
Deferred variable compensation plan linked to multiannual objectives | ||
Remuneration of key personnel | ||
Deferred percentage | 60.00% | |
Variable Remuneration or bonus deferral period | 5 years | |
Variable renumeration deferred payment, number of annuities | Annuity | 3 | |
Percentage paid in cash | 50.00% | |
Percentage paid in shares | 50.00% |
Remuneration and other benefi_6
Remuneration and other benefits paid to the Bank’s directors and senior managers - Comparative of Executive Remuneration (Chairman and CEO) (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Remuneration of key personnel | ||
Percentage reduction in total compensation | 50.00% | |
Return on average tangible shareholders' equity (in percentage) | 12.73% | |
Period with lesser profit than current year | 12 years | |
Bank's Directors | ||
Remuneration of key personnel | ||
Pensionable base, expressed as a percent of fixed remuneration | 22.00% | 22.00% |
Chairman | Ana Botin | ||
Remuneration of key personnel | ||
Percentage of reduction in variable compensation | 74.00% | |
CEO | Jose Antonio Alvarez | ||
Remuneration of key personnel | ||
Percentage of reduction in variable compensation | 79.00% |
Remuneration and other benefi_7
Remuneration and other benefits paid to the Bank’s directors and senior managers - Remuneration by Director (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Remuneration of key personnel | ||
Attendance fees | € 1,035,000 | € 1,066,000 |
Fixed salary | 6,467,000 | 5,717,000 |
Variable compensation, immediate payments, cash | 3,079,000 | 514,000 |
Variable compensation, immediate payments, in shares | 3,079,000 | 515,000 |
Deferred variable compensation, cash | 1,847,000 | 308,000 |
Deferred variable compensation, in shares | 1,848,000 | 309,000 |
Total Short-term and deferred (not subject to long term goals) salaries | 16,320,000 | 7,363,000 |
Pension | 1,824,000 | 2,019,000 |
Other remuneration | 3,542,000 | 5,537,000 |
Total remuneration | 26,486,000 | 19,073,000 |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Attendance fees | 45,000 | |
Fixed salary | 3,176,000 | |
Variable compensation, immediate payments, cash | 1,838,000 | |
Variable compensation, immediate payments, in shares | 1,839,000 | |
Deferred variable compensation, cash | 1,103,000 | |
Deferred variable compensation, in shares | 1,103,000 | |
Total Short-term and deferred (not subject to long term goals) salaries | 9,059,000 | |
Pension | 1,041,000 | |
Other remuneration | 1,006,000 | |
Total remuneration | 11,436,000 | 6,819,000 |
Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Attendance fees | 45,000 | |
Fixed salary | 2,541,000 | |
Variable compensation, immediate payments, cash | 1,241,000 | |
Variable compensation, immediate payments, in shares | 1,240,000 | |
Deferred variable compensation, cash | 744,000 | |
Deferred variable compensation, in shares | 745,000 | |
Total Short-term and deferred (not subject to long term goals) salaries | 6,511,000 | |
Pension | 783,000 | |
Other remuneration | 1,536,000 | |
Total remuneration | 9,160,000 | 6,019,000 |
Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Attendance fees | 80,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 700,000 | 595,000 |
Ms. Homaira Akbari | ||
Remuneration of key personnel | ||
Attendance fees | 78,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 248,000 | 203,000 |
Mr. Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||
Remuneration of key personnel | ||
Attendance fees | 39,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 129,000 | 122,000 |
Mr. Alvaro Cardoso De Souza | ||
Remuneration of key personnel | ||
Attendance fees | 50,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 183,000 | 243,000 |
Mr. Ramon Martin Chavez Marquez | ||
Remuneration of key personnel | ||
Attendance fees | 99,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 374,000 | 37,000 |
Ms. Sol Daurella Comadran | ||
Remuneration of key personnel | ||
Attendance fees | 84,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 239,000 | 214,000 |
Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||
Remuneration of key personnel | ||
Attendance fees | 87,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 267,000 | 217,000 |
Ms. Gina Diez Barroso | ||
Remuneration of key personnel | ||
Attendance fees | 39,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 130,000 | 4,000 |
Mr. Luis Isasi Fernandez de Bobadilla | ||
Remuneration of key personnel | ||
Attendance fees | 81,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 1,000,000 | |
Total remuneration | 1,406,000 | 943,000 |
Mr. Ramiro Mato Garca Ansorena | ||
Remuneration of key personnel | ||
Attendance fees | 94,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 499,000 | 431,000 |
Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Attendance fees | 39,000 | |
Fixed salary | 750,000 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 750,000 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 879,000 | 63,000 |
Ms. Belen Romana Garcia | ||
Remuneration of key personnel | ||
Attendance fees | 100,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 533,000 | 418,000 |
Mrs. Pamela Ann Walkden | ||
Remuneration of key personnel | ||
Attendance fees | 76,000 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 303,000 | 214,000 |
Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Attendance fees | 0 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 0 | 1,956,000 |
Mr. Ignacio Benjumea Cabeza de Vaca | ||
Remuneration of key personnel | ||
Attendance fees | 0 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 0 | 276,000 |
Mr. Guillermo de la Dehesa Romero | ||
Remuneration of key personnel | ||
Attendance fees | 0 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 0 | 107,000 |
Ms. Esther Gimenez-Salinas i Colomer | ||
Remuneration of key personnel | ||
Attendance fees | 0 | |
Fixed salary | 0 | |
Variable compensation, immediate payments, cash | 0 | |
Variable compensation, immediate payments, in shares | 0 | |
Deferred variable compensation, cash | 0 | |
Deferred variable compensation, in shares | 0 | |
Total Short-term and deferred (not subject to long term goals) salaries | 0 | |
Pension | 0 | |
Other remuneration | 0 | |
Total remuneration | 0 | 192,000 |
Members of the board of directors | ||
Remuneration of key personnel | ||
Annual emoluments | 1,536,000 | 1,303,000 |
Members of the board of directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Annual emoluments | 276,000 | |
Members of the board of directors | Ms. Homaira Akbari | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Alvaro Cardoso De Souza | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Ramon Martin Chavez Marquez | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Ms. Sol Daurella Comadran | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Ms. Gina Diez Barroso | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Luis Isasi Fernandez de Bobadilla | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Ramiro Mato Garca Ansorena | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Ms. Belen Romana Garcia | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mrs. Pamela Ann Walkden | ||
Remuneration of key personnel | ||
Annual emoluments | 90,000 | |
Members of the board of directors | Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the board of directors | Mr. Ignacio Benjumea Cabeza de Vaca | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the board of directors | Mr. Guillermo de la Dehesa Romero | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the board of directors | Ms. Esther Gimenez-Salinas i Colomer | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | ||
Remuneration of key personnel | ||
Annual emoluments | 1,020,000 | 915,000 |
Members of the executive committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 170,000 | |
Members of the executive committee | Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Annual emoluments | 170,000 | |
Members of the executive committee | Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Annual emoluments | 170,000 | |
Members of the executive committee | Ms. Homaira Akbari | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Mr. Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Mr. Alvaro Cardoso De Souza | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Mr. Ramon Martin Chavez Marquez | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Ms. Sol Daurella Comadran | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Ms. Gina Diez Barroso | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Mr. Luis Isasi Fernandez de Bobadilla | ||
Remuneration of key personnel | ||
Annual emoluments | 170,000 | |
Members of the executive committee | Mr. Ramiro Mato Garca Ansorena | ||
Remuneration of key personnel | ||
Annual emoluments | 170,000 | |
Members of the executive committee | Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Ms. Belen Romana Garcia | ||
Remuneration of key personnel | ||
Annual emoluments | 170,000 | |
Members of the executive committee | Mrs. Pamela Ann Walkden | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Mr. Guillermo de la Dehesa Romero | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the executive committee | Ms. Esther Gimenez-Salinas i Colomer | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | ||
Remuneration of key personnel | ||
Annual emoluments | 270,000 | 208,000 |
Members of the audit committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Ms. Homaira Akbari | ||
Remuneration of key personnel | ||
Annual emoluments | 40,000 | |
Members of the audit committee | Mr. Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Mr. Alvaro Cardoso De Souza | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Mr. Ramon Martin Chavez Marquez | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Ms. Sol Daurella Comadran | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||
Remuneration of key personnel | ||
Annual emoluments | 40,000 | |
Members of the audit committee | Ms. Gina Diez Barroso | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Mr. Luis Isasi Fernandez de Bobadilla | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Mr. Ramiro Mato Garca Ansorena | ||
Remuneration of key personnel | ||
Annual emoluments | 40,000 | |
Members of the audit committee | Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Ms. Belen Romana Garcia | ||
Remuneration of key personnel | ||
Annual emoluments | 40,000 | |
Members of the audit committee | Mrs. Pamela Ann Walkden | ||
Remuneration of key personnel | ||
Annual emoluments | 110,000 | |
Members of the audit committee | Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Mr. Guillermo de la Dehesa Romero | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the audit committee | Ms. Esther Gimenez-Salinas i Colomer | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | ||
Remuneration of key personnel | ||
Annual emoluments | 126,000 | 133,000 |
Members of the appointments committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Annual emoluments | 75,000 | |
Members of the appointments committee | Ms. Homaira Akbari | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Alvaro Cardoso De Souza | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Ramon Martin Chavez Marquez | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the appointments committee | Ms. Sol Daurella Comadran | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the appointments committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Ms. Gina Diez Barroso | ||
Remuneration of key personnel | ||
Annual emoluments | 1,000 | |
Members of the appointments committee | Mr. Luis Isasi Fernandez de Bobadilla | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Ramiro Mato Garca Ansorena | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Ms. Belen Romana Garcia | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mrs. Pamela Ann Walkden | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Mr. Guillermo de la Dehesa Romero | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the appointments committee | Ms. Esther Gimenez-Salinas i Colomer | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | ||
Remuneration of key personnel | ||
Annual emoluments | 175,000 | 138,000 |
Members of the remuneration committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Annual emoluments | 75,000 | |
Members of the remuneration committee | Ms. Homaira Akbari | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Alvaro Cardoso De Souza | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Ramon Martin Chavez Marquez | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the remuneration committee | Ms. Sol Daurella Comadran | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the remuneration committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the remuneration committee | Ms. Gina Diez Barroso | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Luis Isasi Fernandez de Bobadilla | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the remuneration committee | Mr. Ramiro Mato Garca Ansorena | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Ms. Belen Romana Garcia | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mrs. Pamela Ann Walkden | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Mr. Guillermo de la Dehesa Romero | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the remuneration committee | Ms. Esther Gimenez-Salinas i Colomer | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | ||
Remuneration of key personnel | ||
Annual emoluments | 268,000 | 252,000 |
Members of the risk supervision, regulation and compliance oversight committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Ms. Homaira Akbari | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Alvaro Cardoso De Souza | ||
Remuneration of key personnel | ||
Annual emoluments | 28,000 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Ramon Martin Chavez Marquez | ||
Remuneration of key personnel | ||
Annual emoluments | 40,000 | |
Members of the risk supervision, regulation and compliance oversight committee | Ms. Sol Daurella Comadran | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Ms. Gina Diez Barroso | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Luis Isasi Fernandez de Bobadilla | ||
Remuneration of key personnel | ||
Annual emoluments | 40,000 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Ramiro Mato Garca Ansorena | ||
Remuneration of key personnel | ||
Annual emoluments | 40,000 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Ms. Belen Romana Garcia | ||
Remuneration of key personnel | ||
Annual emoluments | 93,000 | |
Members of the risk supervision, regulation and compliance oversight committee | Mrs. Pamela Ann Walkden | ||
Remuneration of key personnel | ||
Annual emoluments | 27,000 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Mr. Guillermo de la Dehesa Romero | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the risk supervision, regulation and compliance oversight committee | Ms. Esther Gimenez-Salinas i Colomer | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | ||
Remuneration of key personnel | ||
Annual emoluments | 125,000 | 135,000 |
Members of the responsible banking sustainability and culture committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Ms. Homaira Akbari | ||
Remuneration of key personnel | ||
Annual emoluments | 15,000 | |
Members of the responsible banking sustainability and culture committee | Mr. Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Mr. Alvaro Cardoso De Souza | ||
Remuneration of key personnel | ||
Annual emoluments | 15,000 | |
Members of the responsible banking sustainability and culture committee | Mr. Ramon Martin Chavez Marquez | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Ms. Sol Daurella Comadran | ||
Remuneration of key personnel | ||
Annual emoluments | 15,000 | |
Members of the responsible banking sustainability and culture committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Ms. Gina Diez Barroso | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Mr. Luis Isasi Fernandez de Bobadilla | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Mr. Ramiro Mato Garca Ansorena | ||
Remuneration of key personnel | ||
Annual emoluments | 65,000 | |
Members of the responsible banking sustainability and culture committee | Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Ms. Belen Romana Garcia | ||
Remuneration of key personnel | ||
Annual emoluments | 15,000 | |
Members of the responsible banking sustainability and culture committee | Mrs. Pamela Ann Walkden | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Mr. Guillermo de la Dehesa Romero | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the responsible banking sustainability and culture committee | Ms. Esther Gimenez-Salinas i Colomer | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | ||
Remuneration of key personnel | ||
Annual emoluments | 245,000 | € 0 |
Members of the innovation and technology committee | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the innovation and technology committee | Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the innovation and technology committee | Mr. Bruce Carnegie-Brown | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the innovation and technology committee | Ms. Homaira Akbari | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the innovation and technology committee | Mr. Francisco Javier Botin Sanz De Sautuola Y O'Shea | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Mr. Alvaro Cardoso De Souza | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Mr. Ramon Martin Chavez Marquez | ||
Remuneration of key personnel | ||
Annual emoluments | 95,000 | |
Members of the innovation and technology committee | Ms. Sol Daurella Comadran | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Mr. Henrique Manuel Drummond Borges Cirne de Castro | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the innovation and technology committee | Ms. Gina Diez Barroso | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Mr. Luis Isasi Fernandez de Bobadilla | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Mr. Ramiro Mato Garca Ansorena | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Mr. Sergio Rial | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Ms. Belen Romana Garcia | ||
Remuneration of key personnel | ||
Annual emoluments | 25,000 | |
Members of the innovation and technology committee | Mrs. Pamela Ann Walkden | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Mr. Rodrigo Echenique Gordillo | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Mr. Ignacio Benjumea Cabeza de Vaca | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Mr. Guillermo de la Dehesa Romero | ||
Remuneration of key personnel | ||
Annual emoluments | 0 | |
Members of the innovation and technology committee | Ms. Esther Gimenez-Salinas i Colomer | ||
Remuneration of key personnel | ||
Annual emoluments | € 0 |
Remuneration and other benefi_8
Remuneration and other benefits paid to the Bank’s directors and senior managers - Remuneration by Director - Multiannual (Details) € in Thousands, R$ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021EUR (€) | Dec. 31, 2021BRL (R$) | Dec. 31, 2021USD ($) | Dec. 31, 2020EUR (€) | |
Remuneration of key personnel | ||||
Number of years of compensation subject to conditions of continued service | 3 years | 3 years | 3 years | |
Mr. Sergio Rial | Banco Santander (Brasil) S.A. | ||||
Remuneration of key personnel | ||||
Base salary | € 1,985 | R$ 12645 | ||
Other fixed benefits | 7 | 47 | ||
Pensions | 1,153 | 7,350 | ||
Variable remuneration immediately payable and deferred (not linked to long-term objectives) | 4,018 | 26,600 | ||
Total | 7,163 | 46,642 | ||
Mr. Alvaro Cardoso De Souza | Banco Santander (Brasil) S.A. | ||||
Remuneration of key personnel | ||||
Compensation received as a non-executive director | 334 | R$ 2130 | ||
Ms. Homaira Akbari | Santander Consumer USA | ||||
Remuneration of key personnel | ||||
Compensation received as a non-executive director | 161 | $ 190 | ||
Ms. Homaira Akbari | PagoNxt | ||||
Remuneration of key personnel | ||||
Compensation received as a non-executive director | 52 | |||
Mr. Henrique Manuel Drummond Borges Cirne de Castro | PagoNxt | ||||
Remuneration of key personnel | ||||
Compensation received as a non-executive director | 52 | |||
Mr. Ramon Martin Chavez Marquez | PagoNxt | ||||
Remuneration of key personnel | ||||
Compensation received as a non-executive director | 52 | |||
Mr. Luis Isasi | Santander Spain | ||||
Remuneration of key personnel | ||||
Compensation received as a non-executive director | € 1,000 | |||
Deferred variable compensation plan linked to multiannual objectives | ||||
Remuneration of key personnel | ||||
Fair value of plan, initial achievement (as a percent) | 70.00% | 70.00% | 70.00% | |
Deferred variable compensation plan linked to multiannual objectives | Minimum | ||||
Remuneration of key personnel | ||||
Reasonable initial achievement ratio (as a percent) | 60.00% | 60.00% | 60.00% | |
Deferred variable compensation plan linked to multiannual objectives | Maximum | ||||
Remuneration of key personnel | ||||
Reasonable initial achievement ratio (as a percent) | 80.00% | 80.00% | 80.00% | |
Deferred variable compensation plan linked to multiannual objectives | Mr. Sergio Rial | ||||
Remuneration of key personnel | ||||
Variable compensation subject to Long-term objectives, in cash | € 791 | |||
Variable compensation subject to Long-term objectives, in shares | 791 | |||
Total | 1,582 | € 1,311 | ||
Deferred variable compensation plan linked to multiannual objectives | Directors | ||||
Remuneration of key personnel | ||||
Variable compensation subject to Long-term objectives, in cash | 1,940 | |||
Variable compensation subject to Long-term objectives, in shares | 1,940 | |||
Total | 3,880 | 648 | ||
Deferred variable compensation plan linked to multiannual objectives | Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||||
Remuneration of key personnel | ||||
Variable compensation subject to Long-term objectives, in cash | 1,158 | |||
Variable compensation subject to Long-term objectives, in shares | 1,158 | |||
Total | 2,316 | 420 | ||
Deferred variable compensation plan linked to multiannual objectives | Directors | Mr. Jose Antonio Alvarez Alvarez | ||||
Remuneration of key personnel | ||||
Variable compensation subject to Long-term objectives, in cash | 782 | |||
Variable compensation subject to Long-term objectives, in shares | 782 | |||
Total | € 1,563 | € 228 |
Remuneration and other benefi_9
Remuneration and other benefits paid to the Bank’s directors and senior managers - Post-employment (Details) | 12 Months Ended | |
Dec. 31, 2021EUR (€)Variable_renumeration_amtnumberOfPayments | Dec. 31, 2020EUR (€) | |
Insurance | ||
Period for investment in bank shares from date of termination | 5 years | |
Disbursed for payment of civil liability insurance premium | € 25,500,000 | € 19,500,000 |
Directors | ||
Insurance | ||
Provisions for employee benefits | 1,825,000 | 2,019,000 |
Balances held under the welfare system | 66,896,000 | 67,526,000 |
Directors | Life insurance | ||
Insurance | ||
Life insurance, Insured sum | € 39,517,000 | € 40,687,000 |
Bank's Directors | ||
Insurance | ||
Pensionable base, expressed as a percent of fixed remuneration | 22.00% | 22.00% |
Pensionable base, percent of average last three variable renumeration amounts used in determination | 30.00% | |
Pensionable base, number of variable renumeration amounts used in determination | Variable_renumeration_amt | 3 | |
Other directors | Life insurance | ||
Insurance | ||
Life insurance, Insured sum | € 0 | € 0 |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Directors | ||
Insurance | ||
Additional compensation due to director not early retiring (in percentage) | 30.00% | |
Additional compensation due to director not early retiring, number of pays used in calculation | numberOfPayments | 3 | |
Provisions for employee benefits | € 1,041,000 | 1,155,000 |
Balances held under the welfare system | 48,075,000 | 49,444,000 |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | Directors | Life insurance | ||
Insurance | ||
Life insurance, Insured sum | 21,489,000 | 21,984,000 |
Mr. Jose Antonio Alvarez Alvarez | Directors | ||
Insurance | ||
Provisions for employee benefits | 783,000 | 864,000 |
Balances held under the welfare system | 18,821,000 | 18,082,000 |
Mr. Jose Antonio Alvarez Alvarez | Directors | Life insurance | ||
Insurance | ||
Life insurance, Insured sum | € 18,028,000 | € 18,703,000 |
Remuneration and other benef_10
Remuneration and other benefits paid to the Bank’s directors and senior managers - Deferred variable remuneration systems (Details) | 12 Months Ended | |
Dec. 31, 2021numberOfTradingSessionsAnnuityPayment_portion | Dec. 31, 2015 | |
Related party transactions key personnel | ||
Deferred percentage | 60.00% | |
Variable Remuneration or bonus deferral period | 5 years | |
Variable renumeration deferred payment, number of annuities | Annuity | 3 | |
Deferred variable compensation plan linked to multiannual objectives | ||
Related party transactions key personnel | ||
Deferred percentage | 60.00% | |
Variable Remuneration or bonus deferral period | 5 years | |
Percentage paid in cash and shares | 40.00% | |
Number of trading sessions | numberOfTradingSessions | 15 | |
Number of payment portions | Payment_portion | 5 | |
Variable renumeration deferred payment, number of annuities | Annuity | 3 | |
Percentage paid in cash | 50.00% | |
Percentage paid in shares | 50.00% | |
Deferred variable compensation plan linked to multiannual objectives | Directors | ||
Related party transactions key personnel | ||
Deferred percentage | 60.00% | |
Variable Remuneration or bonus deferral period | 5 years | |
Deferred variable compensation plan linked to multiannual objectives | Other directors | ||
Related party transactions key personnel | ||
Variable Remuneration or bonus deferral period | 3 years | |
Deferred conditional variable remuneration plan | Directors | ||
Related party transactions key personnel | ||
Number of trading sessions | numberOfTradingSessions | 15 | |
Deferred conditional variable renumeration plans up to 2014 | ||
Related party transactions key personnel | ||
Variable Remuneration or bonus deferral period | 3 years |
Remuneration and other benef_11
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration (Details) | 12 Months Ended | |
Dec. 31, 2021sharesnumberOfPaymentsinstallment | Dec. 31, 2020shares | |
Share-based variable remuneration | ||
Immediate payment percentage | 40.00% | |
Deferred percentage | 60.00% | |
Variable Remuneration or bonus deferral period | 5 years | |
Number of payments subject to fulfilment of specific objectives | numberOfPayments | 5 | |
Deferred variable compensation plan linked to multiannual objectives | ||
Share-based variable remuneration | ||
Deferred percentage | 60.00% | |
Variable Remuneration or bonus deferral period | 5 years | |
Deferred variable compensation plan linked to multiannual objectives | Maximum | ||
Share-based variable remuneration | ||
Variable Remuneration or bonus deferral period | 5 years | |
Directors | 2015 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 214,429 | 214,429 |
Maximum number of shares to be delivered at end of period (in shares) | 214,429 | 214,429 |
Directors | 2016 variable remuneration | ||
Share-based variable remuneration | ||
Instruments matured but not consolidated at beginning of period (in shares) | (57,244) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (120,769) | (120,769) |
Directors | 2016 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 241,537 | 362,306 |
Maximum number of shares to be delivered at end of period (in shares) | 63,524 | 241,537 |
Directors | 2017 variable remuneration | ||
Share-based variable remuneration | ||
Instruments matured but not consolidated at beginning of period (in shares) | (188,057) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (115,019) | (115,019) |
Directors | 2017 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 345,058 | 460,077 |
Maximum number of shares to be delivered at end of period (in shares) | 41,983 | 345,058 |
Directors | 2018 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (172,336) | (172,336) |
Directors | 2018 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 689,344 | 861,680 |
Maximum number of shares to be delivered at end of period (in shares) | 517,008 | 689,344 |
Directors | 2019 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (177,613) | |
Directors | 2019 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 888,065 | 1,480,108 |
Shares delivered (immediate payment variable remuneration) (in shares) | (592,043) | |
Maximum number of shares to be delivered at end of period (in shares) | 710,452 | 888,065 |
Directors | 2020 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (333,837) | |
Directors | 2020 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 834,593 | |
Maximum number of shares to be delivered (in shares) | 834,593 | |
Maximum number of shares to be delivered at end of period (in shares) | 500,756 | 834,593 |
Directors | 2021 variable remuneration | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered (in shares) | 3,104,881 | |
Directors | 2021 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at end of period (in shares) | 3,104,881 | |
Directors | Deferred variable compensation plan linked to multiannual objectives | ||
Share-based variable remuneration | ||
Immediate payment percentage | 40.00% | |
Deferred percentage | 60.00% | |
Variable Remuneration or bonus deferral period | 5 years | |
Number of payments subject to fulfilment of specific objectives | installment | 3 | |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2015 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 128,809 | 128,809 |
Maximum number of shares to be delivered at end of period (in shares) | 128,809 | 128,809 |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2016 variable remuneration | ||
Share-based variable remuneration | ||
Instruments matured but not consolidated at beginning of period (in shares) | (34,177) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (72,102) | (72,102) |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2016 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 144,206 | 216,308 |
Maximum number of shares to be delivered at end of period (in shares) | 37,927 | 144,206 |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2017 variable remuneration | ||
Share-based variable remuneration | ||
Instruments matured but not consolidated at beginning of period (in shares) | (112,692) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (68,925) | (68,925) |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2017 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 206,775 | 275,700 |
Maximum number of shares to be delivered at end of period (in shares) | 25,158 | 206,775 |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2018 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (103,304) | (103,304) |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2018 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 413,215 | 516,519 |
Maximum number of shares to be delivered at end of period (in shares) | 309,911 | 413,215 |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2019 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (106,463) | |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2019 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 532,316 | 887,193 |
Shares delivered (immediate payment variable remuneration) (in shares) | (354,877) | |
Maximum number of shares to be delivered at end of period (in shares) | 425,853 | 532,316 |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2020 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (124,246) | |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2020 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 310,615 | |
Maximum number of shares to be delivered (in shares) | 310,615 | |
Maximum number of shares to be delivered at end of period (in shares) | 186,369 | 310,615 |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2021 variable remuneration | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered (in shares) | 1,480,622 | |
Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | 2021 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at end of period (in shares) | 1,480,622 | |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2015 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 85,620 | 85,620 |
Maximum number of shares to be delivered at end of period (in shares) | 85,620 | 85,620 |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2016 variable remuneration | ||
Share-based variable remuneration | ||
Instruments matured but not consolidated at beginning of period (in shares) | (23,067) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (48,667) | (48,667) |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2016 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 97,331 | 145,998 |
Maximum number of shares to be delivered at end of period (in shares) | 25,597 | 97,331 |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2017 variable remuneration | ||
Share-based variable remuneration | ||
Instruments matured but not consolidated at beginning of period (in shares) | (75,364) | |
Shares delivered (deferred payment variable remuneration) (in shares) | (46,094) | (46,094) |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2017 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 138,283 | 184,377 |
Maximum number of shares to be delivered at end of period (in shares) | 16,825 | 138,283 |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2018 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (69,032) | (69,032) |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2018 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 276,129 | 345,161 |
Maximum number of shares to be delivered at end of period (in shares) | 207,097 | 276,129 |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2019 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (deferred payment variable remuneration) (in shares) | (71,150) | |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2019 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 355,749 | 592,915 |
Shares delivered (immediate payment variable remuneration) (in shares) | (237,166) | |
Maximum number of shares to be delivered at end of period (in shares) | 284,599 | 355,749 |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2020 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (67,486) | |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2020 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 168,715 | |
Maximum number of shares to be delivered (in shares) | 168,715 | |
Maximum number of shares to be delivered at end of period (in shares) | 101,229 | 168,715 |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2021 variable remuneration | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered (in shares) | 999,259 | |
Directors | Mr. Jose Antonio Alvarez Alvarez | 2021 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at end of period (in shares) | 999,259 | |
Directors | Mr. Sergio Rial | Maximum | Banco Santander (Brasil) S.A. | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at end of period (in shares) | 269,148 | |
Number of shares earned | 51,483 | |
Directors | Mr. Sergio Rial | 2020 variable remuneration | ||
Share-based variable remuneration | ||
Shares delivered (immediate payment variable remuneration) (in shares) | (142,105) | |
Directors | Mr. Sergio Rial | 2020 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at beginning of period (in shares) | 355,263 | |
Maximum number of shares to be delivered (in shares) | 355,263 | |
Maximum number of shares to be delivered at end of period (in shares) | 213,158 | 355,263 |
Directors | Mr. Sergio Rial | 2021 variable remuneration | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered (in shares) | 625,000 | |
Directors | Mr. Sergio Rial | 2021 variable remuneration | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at end of period (in shares) | 625,000 | |
Directors | Mr. Rodrigo Echenique Gordillo | Maximum | ||
Share-based variable remuneration | ||
Maximum number of shares to be delivered at end of period (in shares) | 518,517 |
Remuneration and other benef_12
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration - Cash Delivery (Details) - Directors - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Remuneration of key personnel | ||
Cash paid, immediate | € 515 | € 2,172 |
Cash paid, deferred | 2,586 | 2,308 |
Ms. Ana Botin-Sanz de Sautuola y O'Shea | ||
Remuneration of key personnel | ||
Cash paid, immediate | 334 | 1,302 |
Cash paid, deferred | 1,550 | 1,383 |
Mr. Jose Antonio Alvarez Alvarez | ||
Remuneration of key personnel | ||
Cash paid, immediate | 181 | 870 |
Cash paid, deferred | € 1,037 | € 925 |
Remuneration and other benef_13
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration - Former directors (Details) - Retired executive directors - EUR (€) € in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Remuneration of key personnel | ||
Cash paid, deferred | € 1,213 | € 612 |
Deferred conditional variable renumeration 2015 | ||
Remuneration of key personnel | ||
Number of shares delivered (in shares) | 92,557 | 60,847 |
Deferred conditional variable renumeration 2015 | Maximum | ||
Remuneration of key personnel | ||
Maximum number of shares to be delivered (in shares) | 0 | 60,847 |
Performance shares plan 2015 | ||
Remuneration of key personnel | ||
Number of shares delivered (in shares) | 0 | 0 |
Deferred conditional variable remuneration plan and linked to objectives 2016 | ||
Remuneration of key personnel | ||
Number of shares delivered (in shares) | 60,254 | 32,751 |
Deferred conditional variable remuneration plan and linked to objectives 2016 | Maximum | ||
Remuneration of key personnel | ||
Maximum number of shares to be delivered (in shares) | 60,251 | 65,502 |
Deferred conditional variable remuneration plan and linked to objectives 2017 | ||
Remuneration of key personnel | ||
Number of shares delivered (in shares) | 32,330 | 35,132 |
Deferred conditional variable remuneration plan and linked to objectives 2017 | Maximum | ||
Remuneration of key personnel | ||
Maximum number of shares to be delivered (in shares) | 64,659 | 47,956 |
Deferred conditional variable remuneration plan and linked to objectives 2018 | ||
Remuneration of key personnel | ||
Maximum number of shares to be delivered (in shares) | 164,462 | 0 |
Number of shares delivered (in shares) | 54,821 | 0 |
Deferred conditional variable remuneration plan and linked to objectives 2019 | ||
Remuneration of key personnel | ||
Maximum number of shares to be delivered (in shares) | 130,790 | 0 |
Number of shares delivered (in shares) | 32,698 | 0 |
Remuneration and other benef_14
Remuneration and other benefits paid to the Bank’s directors and senior managers - Loans (Details) - EUR (€) € in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | € 262,737,000 | € 241,230,000 | € 241,179,000 |
Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 10,758,000 | 12,377,000 | € 13,650,000 |
Bank's Directors | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 115 | 49 | |
Bank's Directors | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 115 | 49 | |
Bank's Directors | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 25 | 14 | |
Bank's Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 25 | 14 | |
Bank's Directors | Ms. Ana Botin-Sanz de Sautuola y O'Shea | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Jose Antonio Alvarez Alvarez | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 4 | 5 | |
Bank's Directors | Mr. Jose Antonio Alvarez Alvarez | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 4 | 5 | |
Bank's Directors | Mr. Jose Antonio Alvarez Alvarez | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Bruce Carnegie-Brown | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Bruce Carnegie-Brown | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Bruce Carnegie-Brown | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Javier Botin-Saenz de Sautuola | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 16 | 2 | |
Bank's Directors | Mr. Javier Botin-Saenz de Sautuola | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 16 | 2 | |
Bank's Directors | Mr. Javier Botin-Saenz de Sautuola | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Ms. Sol Daurella Comadran | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 69 | 22 | |
Bank's Directors | Ms. Sol Daurella Comadran | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 69 | 22 | |
Bank's Directors | Ms. Sol Daurella Comadran | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Ms. Belen Romana Garcia | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Ms. Belen Romana Garcia | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Ms. Belen Romana Garcia | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Ramiro Mato Garca Ansorena | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Ramiro Mato Garca Ansorena | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Ramiro Mato Garca Ansorena | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Ms. Homaira Akbari | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Ms. Homaira Akbari | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Ms. Homaira Akbari | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Alvaro Cardoso De Souza | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Alvaro Cardoso De Souza | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Alvaro Cardoso De Souza | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Henrique Manuel Drummond Borges Cirne de Castro | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Henrique Manuel Drummond Borges Cirne de Castro | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Henrique Manuel Drummond Borges Cirne de Castro | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mrs. Pamela Ann Walkden | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mrs. Pamela Ann Walkden | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mrs. Pamela Ann Walkden | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Luis Isasi Fernandez de Bobadilla | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Luis Isasi Fernandez de Bobadilla | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Luis Isasi Fernandez de Bobadilla | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. Sergio Agapito Lires Rial | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 1 | 0 | |
Bank's Directors | Mr. Sergio Agapito Lires Rial | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 1 | 0 | |
Bank's Directors | Mr. Sergio Agapito Lires Rial | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. R. Martin Chavez | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. R. Martin Chavez | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mr. R. Martin Chavez | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 0 | |
Bank's Directors | Mrs. Gina Lorenza Diez Barroso Aracarraga | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 6 | |
Bank's Directors | Mrs. Gina Lorenza Diez Barroso Aracarraga | Loan commitments granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | 0 | 6 | |
Bank's Directors | Mrs. Gina Lorenza Diez Barroso Aracarraga | Financial guarantees granted | |||
Direct risk exposure | |||
Risk exposure on loan commitments, etc. | € 0 | € 0 |
Remuneration and other benef_15
Remuneration and other benefits paid to the Bank’s directors and senior managers - Senior Managers Remuneration - Short-term (Details) € in Thousands | 12 Months Ended | ||
Dec. 31, 2021EUR (€)sharesnumberOfPerson | Dec. 31, 2020EUR (€)numberOfPersonshares | Dec. 31, 2019numberOfPerson | |
Remuneration of key personnel | |||
Number of employees | numberOfPerson | 197,070 | 191,189 | 196,419 |
Fixed salary | € 6,467 | € 5,717 | |
Variable compensation, immediate payments, cash | 3,079 | 514 | |
Variable compensation, immediate payments, in shares | 3,079 | 515 | |
Pension | 1,824 | 2,019 | |
Other remuneration | 3,542 | 5,537 | |
Total remuneration | € 26,486 | € 19,073 | |
Current senior managers | |||
Remuneration of key personnel | |||
Number of employees | numberOfPerson | 15 | 18 | |
Fixed salary | € 19,183 | € 21,642 | |
Pension | 5,542 | 6,039 | |
Other remuneration | 5,055 | 6,312 | |
Total remuneration | € 53,880 | € 50,413 | |
Award, number of shares (in shares) | shares | 2,706,819 | 2,135,700 | |
Deferred amount in shares not linked to long-term objectives (in shares) | shares | 1,175,191 | 919,308 | |
Current senior managers | ILP | |||
Remuneration of key personnel | |||
Variable compensation, immediate payments, cash | € 8,402 | € 5,739 | |
Variable compensation, immediate payments, in shares | 8,402 | 5,740 | |
Current senior managers | Deferred conditional variable remuneration plan | |||
Remuneration of key personnel | |||
Variable compensation, immediate payments, cash | 3,648 | 2,470 | |
Variable compensation, immediate payments, in shares | € 3,648 | € 2,471 |
Remuneration and other benef_16
Remuneration and other benefits paid to the Bank’s directors and senior managers - Senior Managers Remuneration - Multiannual (Details) € / shares in Units, € in Thousands | 12 Months Ended | |||
Dec. 31, 2021EUR (€)numberOfPersonpersonshares€ / shares | Dec. 31, 2020EUR (€)numberOfPersonpersonshares | Dec. 31, 2019numberOfPersonshares | Dec. 31, 2018shares | |
Remuneration of key personnel | ||||
Number of Santander shares | shares | 17,340,641,302 | 17,340,641,302 | 16,618,114,582 | 16,236,573,942 |
Number of employees | numberOfPerson | 197,070 | 191,189 | 196,419 | |
Maximum | ||||
Remuneration of key personnel | ||||
Ratio of variable to fixed pay components | 200.00% | |||
Employees deemed essential to the growth and digital transformation of the Group | Maximum | ||||
Remuneration of key personnel | ||||
Number of persons included in the plan | numberOfPerson | 250 | |||
Current senior managers | ||||
Remuneration of key personnel | ||||
Key management personnel compensation | € 1,700 | |||
Number of Santander shares | shares | 316,574 | |||
Number of share options | shares | 944,445 | |||
Fair value of options at grant date (in EUR per share) | € / shares | € 0.90 | |||
Ratio of variable to fixed pay components | 125.00% | |||
Number of employees | numberOfPerson | 15 | 18 | ||
Retired senior managers | ||||
Remuneration of key personnel | ||||
Variable compensation subject to Long-term objectives, in cash | € 55 | € 133 | ||
Salaries and other remuneration related to retirement | 5,294 | 5,984 | ||
Deferred variable compensation plan linked to multiannual objectives | Mr. Sergio Rial | ||||
Remuneration of key personnel | ||||
Variable compensation subject to Long-term objectives, in cash | 791 | |||
Variable compensation subject to Long-term objectives, in shares | 791 | |||
Total | € 1,582 | € 1,311 | ||
Deferred variable compensation plan linked to multiannual objectives | Current senior managers | ||||
Remuneration of key personnel | ||||
Number of employees | person | 15 | 18 | ||
Variable compensation subject to Long-term objectives, in cash | € 3,830 | € 2,594 | ||
Variable compensation subject to Long-term objectives, in shares | 3,830 | 2,594 | ||
Total | € 7,660 | € 5,188 |
Remuneration and other benef_17
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration - Senior Managers - Shares Delivered (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Remuneration of key personnel | |||
Net charge to income | € 73 | € 76 | € 72 |
Amount paid for retirement pension benefit | 1,551 | € 0 | |
Current senior managers | |||
Remuneration of key personnel | |||
Holding period for shares issued in settlement of pension obligations | 5 years | ||
Pension system balance | € 64.3 | 59.4 | |
Net charge to income | € 5.5 | € 6.4 | |
Current senior managers | 2015 variable remuneration | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 146,930 | 179,614 | |
Current senior managers | 2017 variable remuneration | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 2,786 | 2,786 | |
Current senior managers | 2018 variable remuneration | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 3,474 | 3,474 | |
Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2016 | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 131,938 | 170,185 | |
Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2017 | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 79,104 | 219,363 | |
Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2018 | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 267,686 | 342,884 | |
Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2019 | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 321,006 | 0 | |
Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2020 | |||
Remuneration of key personnel | |||
Number of shares delivered (in shares) | 1,742,419 | 0 | |
Retired senior managers | |||
Remuneration of key personnel | |||
Amount paid for retirement pension benefit | € 0 | € 0 | |
Capital insured by life and accident insurance | € 100 | € 135.1 | |
Maximum | Current senior managers | 2015 variable remuneration | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 0 | 179,617 | |
Maximum | Current senior managers | 2017 variable remuneration | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 0 | 2,786 | |
Maximum | Current senior managers | 2018 variable remuneration | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 3,475 | 6,949 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2016 | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 150,445 | 417,818 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2017 | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 164,428 | 791,360 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2018 | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 803,056 | 1,512,992 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2019 | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 1,274,450 | 2,154,312 | |
Maximum | Current senior managers | Deferred conditional variable remuneration plan and linked to objectives 2020 | |||
Remuneration of key personnel | |||
Maximum number of shares to be delivered (in shares) | 1,829,720 | 0 | |
Minimum | Current senior managers | |||
Remuneration of key personnel | |||
Discretionary pension contribution percentage | 15.00% |
Remuneration and other benef_18
Remuneration and other benefits paid to the Bank’s directors and senior managers - Share-based Variable Remuneration - Post-employment - former directors and executive vice presidents (Details) - EUR (€) | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Remuneration of key personnel | ||||
Amounts paid for post-employment benefits and settlements | € 1,551,000,000 | € 0 | ||
Provisions | € 9,583,000,000 | 10,852,000,000 | € 13,987,000,000 | € 13,225,000,000 |
Former directors of the bank | ||||
Remuneration of key personnel | ||||
Amounts paid for post-employment benefits and settlements | 5,600,000 | 11,200,000 | ||
Former directors of the bank | Provision for post-employment defined benefit obligations | ||||
Remuneration of key personnel | ||||
Provisions | 50,000,000 | 52,000,000 | ||
Former executive vice presidents | ||||
Remuneration of key personnel | ||||
Amounts paid for post-employment benefits and settlements | 51,600,000 | 10,260,000 | ||
Former members of bank | ||||
Remuneration of key personnel | ||||
Contribution to insurance policies | 170,000 | 170,000 | ||
Former members of bank | Pension commitments and similar obligations | ||||
Remuneration of key personnel | ||||
Provisions | 5,000,000 | |||
Former managing directors | ||||
Remuneration of key personnel | ||||
Contribution to insurance policies | 4,400,000 | 5,800,000 | ||
Former senior managers | Pension commitments and similar obligations | ||||
Remuneration of key personnel | ||||
Provisions | 0 | 0 | ||
Former senior managers | Provision for post-employment defined benefit obligations | ||||
Remuneration of key personnel | ||||
Provisions | € 114,000,000 | € 159,000,000 |
Remuneration and other benef_19
Remuneration and other benefits paid to the Bank’s directors and senior managers - Pre-retirement and retirement (Details) - Ms. Ana Botin-Sanz de Sautuola y O'Shea | 12 Months Ended |
Dec. 31, 2021yr | |
Remuneration of key personnel | |
Period for Malus and Clawback | 5 years |
Directors | |
Remuneration of key personnel | |
Annual contribution, percentage of average variable remuneration | 30.00% |
Directors | Maximum | |
Remuneration of key personnel | |
Number of annual periods used as basis for variable remuneration | 3 |
Loans and advances to central_3
Loans and advances to central banks and credit institutions (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of financial assets [line items] | |||
Financial assets held for trading | € 116,953 | € 114,945 | € 108,230 |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,536 | 4,486 | 4,911 |
Financial assets designated at fair value through profit or loss | 15,957 | 48,717 | 62,069 |
Financial assets designated at fair value through other comprehensive income | 108,038 | 120,953 | 125,708 |
Financial assets at amortised cost | 1,037,898 | 958,378 | 995,482 |
Total financial assets | 163,853 | 176,554 | 184,596 |
Gross carrying amount | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 133,437 | 134,792 | 147,575 |
Gross carrying amount | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 128 | 72 | 446 |
Gross carrying amount | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 280 | 401 | 647 |
Gross carrying amount | Reverse repurchase agreements | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 33,264 | 35,702 | 45,703 |
Gross carrying amount | Impaired assets | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 31,645 | 30,815 | 32,543 |
Accumulated impairment | |||
Disclosure of financial assets [line items] | |||
Total financial assets | (215) | (284) | (474) |
Loans and advances | |||
Disclosure of financial assets [line items] | |||
Financial assets held for trading | 20,834 | 299 | 355 |
Non-trading financial assets mandatorily at fair value through profit or loss | 537 | 552 | 386 |
Financial assets designated at fair value through profit or loss | 13,441 | 45,738 | 58,883 |
Financial assets designated at fair value through other comprehensive income | 7,663 | 9,267 | 4,440 |
Financial assets at amortised cost | 1,002,190 | 932,300 | 965,693 |
Currency | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 71,983 | 71,957 | 87,539 |
Currency | Euro | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 24,286 | 22,260 | 32,248 |
Currency | Pound sterling | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 3,228 | 4,127 | 3,659 |
Currency | US dollar | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 12,639 | 13,209 | 14,442 |
Currency | Brazilian real | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 24,011 | 26,437 | 30,919 |
Currency | Other currencies | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 7,819 | 5,924 | 6,271 |
Currency | Gross carrying amount | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 54,833 | 50,344 | 59,430 |
Currency | Gross carrying amount | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 0 | 0 | 0 |
Currency | Gross carrying amount | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 1 | 1 | 1 |
Currency | Accumulated impairment | Stage 1 | Financial instruments not credit-impaired | |||
Disclosure of financial assets [line items] | |||
Total financial assets | (8) | (8) | (14) |
Currency | Accumulated impairment | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 0 | 0 | 0 |
Currency | Accumulated impairment | Stage 2 and 3 | Financial instruments credit-impaired | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 0 | 0 | 0 |
Central banks | |||
Disclosure of financial assets [line items] | |||
Financial assets held for trading | 3,608 | 0 | 0 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 0 | 9,481 | 6,473 |
Financial assets designated at fair value through other comprehensive income | 0 | 0 | 0 |
Financial assets at amortised cost | 15,657 | 12,499 | 18,474 |
Loans and receivables | 19,265 | 21,980 | 24,947 |
Central banks | Gross carrying amount | Time deposits | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 13,275 | 11,757 | 17,533 |
Central banks | Gross carrying amount | Reverse repurchase agreements | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 5,990 | 10,223 | 7,414 |
Central banks | Gross carrying amount | Impaired assets | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 0 | 0 | 0 |
Central banks | Gross carrying amount | Valuation adjustments for impairment | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 0 | 0 | 0 |
Credit institutions | |||
Disclosure of financial assets [line items] | |||
Financial assets held for trading | 10,397 | 3 | 0 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 3,152 | 12,136 | 21,649 |
Financial assets designated at fair value through other comprehensive income | 0 | 0 | 0 |
Financial assets at amortised cost | 39,169 | 37,838 | 40,943 |
Total financial assets | 52,718 | 49,977 | 62,592 |
Credit institutions | Gross carrying amount | Time deposits | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 10,684 | 7,338 | 9,699 |
Credit institutions | Gross carrying amount | Reverse repurchase agreements | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 18,853 | 20,862 | 31,180 |
Credit institutions | Gross carrying amount | Non- loans advances | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 23,188 | 21,784 | 21,726 |
Credit institutions | Gross carrying amount | Impaired assets | |||
Disclosure of financial assets [line items] | |||
Total financial assets | 1 | 1 | 1 |
Credit institutions | Accumulated impairment | Valuation adjustments for impairment | |||
Disclosure of financial assets [line items] | |||
Total financial assets | € (8) | € (8) | € (14) |
Debt Instruments - Summary (Det
Debt Instruments - Summary (Details) - EUR (€) € in Millions | 3 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 | |
Debt Instruments | ||||
Financial assets held for trading | € 108,230 | € 116,953 | € 114,945 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 4,911 | 5,536 | 4,486 | |
Financial assets designated at fair value through profit or loss | 62,069 | 15,957 | 48,717 | |
Financial assets designated at fair value through other comprehensive income | 125,708 | 108,038 | 120,953 | |
Financial assets at amortised cost | 995,482 | 1,037,898 | 958,378 | |
Total financial assets | 184,596 | 163,853 | 176,554 | |
Debt instruments | ||||
Debt Instruments | ||||
Financial assets held for trading | 32,041 | 26,750 | 37,894 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 1,175 | 957 | 700 | |
Financial assets designated at fair value through profit or loss | 3,186 | 2,516 | 2,979 | |
Financial assets designated at fair value through other comprehensive income | 118,405 | 97,922 | 108,903 | |
Financial assets at amortised cost | 29,789 | 35,708 | 26,078 | |
Total financial assets | 184,596 | 163,853 | 176,554 | |
Debt instruments | Under IAS 39 before adjustment for classification and measurement | ||||
Debt Instruments | ||||
Financial assets reclassified from amortised cost to fair value through other comprehensive income | 6,359 | |||
Gross carrying amount | Stage 1 | Financial instruments not credit-impaired | ||||
Debt Instruments | ||||
Total financial assets | 147,575 | 133,437 | 134,792 | |
Gross carrying amount | Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Debt Instruments | ||||
Total financial assets | 446 | 128 | 72 | |
Gross carrying amount | Stage 2 and 3 | Financial instruments credit-impaired | ||||
Debt Instruments | ||||
Total financial assets | 647 | 280 | 401 | |
Gross carrying amount | Debt instruments | ||||
Debt Instruments | ||||
Total financial assets | 185,070 | 164,068 | 176,838 | |
Gross carrying amount | Debt instruments | Financial instruments credit-impaired | ||||
Debt Instruments | ||||
Total financial assets | 647 | 280 | 401 | |
Gross carrying amount | Debt instruments | Euro | ||||
Debt Instruments | ||||
Total financial assets | 70,357 | 45,197 | 58,850 | |
Gross carrying amount | Debt instruments | Pound sterling | ||||
Debt Instruments | ||||
Total financial assets | 15,713 | 6,304 | 7,372 | |
Gross carrying amount | Debt instruments | US dollar | ||||
Debt Instruments | ||||
Total financial assets | 29,846 | 34,229 | 29,009 | |
Gross carrying amount | Debt instruments | Brazilian real | ||||
Debt Instruments | ||||
Total financial assets | 38,316 | 35,907 | 35,139 | |
Gross carrying amount | Debt instruments | Other currencies | ||||
Debt Instruments | ||||
Total financial assets | 30,838 | 42,431 | 46,468 | |
Gross carrying amount | Spanish government debt securities | ||||
Debt Instruments | ||||
Total financial assets | 42,054 | 20,638 | 30,397 | |
Gross carrying amount | Foreign government debt securities | ||||
Debt Instruments | ||||
Total financial assets | 107,434 | 102,976 | 110,570 | |
Gross carrying amount | Issued by financial institutions | ||||
Debt Instruments | ||||
Total financial assets | 9,670 | 12,324 | 10,133 | |
Gross carrying amount | Other fixed-income securities | ||||
Debt Instruments | ||||
Total financial assets | 25,265 | 27,850 | 25,337 | |
Accumulated impairment | ||||
Debt Instruments | ||||
Total financial assets | (474) | (215) | (284) | |
Accumulated impairment | Debt instruments | ||||
Debt Instruments | ||||
Total financial assets | (474) | (215) | (284) | € (635) |
Accumulated impairment | Debt instruments | Stage 1 | Financial instruments not credit-impaired | ||||
Debt Instruments | ||||
Total financial assets | (22) | (26) | (25) | |
Accumulated impairment | Debt instruments | Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Debt Instruments | ||||
Total financial assets | (6) | (8) | (2) | |
Accumulated impairment | Debt instruments | Stage 2 and 3 | Financial instruments credit-impaired | ||||
Debt Instruments | ||||
Total financial assets | € (446) | € (181) | € (257) |
Debt Instruments - Breakdown by
Debt Instruments - Breakdown by origin of issuer (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Debt Instruments | |||
Financial assets | € 163,853 | € 176,554 | € 184,596 |
Financial assets (as a percent) | 100.00% | 100.00% | |
Debt instruments | |||
Debt Instruments | |||
Financial assets | € 163,853 | € 176,554 | € 184,596 |
Financial assets (as a percent) | 100.00% | 100.00% | 100.00% |
Private fixed income | |||
Debt Instruments | |||
Financial assets | € 40,239 | € 35,587 | € 35,108 |
Public fixed income | |||
Debt Instruments | |||
Financial assets | 123,614 | 140,967 | 149,488 |
Spain | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 24,411 | € 31,985 | € 45,688 |
Financial assets (as a percent) | 14.90% | 18.12% | 24.75% |
Spain | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 3,773 | € 1,588 | € 3,634 |
Spain | Public fixed income | |||
Debt Instruments | |||
Financial assets | 20,638 | 30,397 | 42,054 |
United Kingdom | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 5,431 | € 5,894 | € 15,285 |
Financial assets (as a percent) | 3.31% | 3.34% | 8.28% |
United Kingdom | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 3,334 | € 3,099 | € 3,806 |
United Kingdom | Public fixed income | |||
Debt Instruments | |||
Financial assets | 2,097 | 2,795 | 11,479 |
Portugal | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 6,853 | € 9,557 | € 10,542 |
Financial assets (as a percent) | 4.18% | 5.41% | 5.71% |
Portugal | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 3,008 | € 3,095 | € 2,979 |
Portugal | Public fixed income | |||
Debt Instruments | |||
Financial assets | 3,845 | 6,462 | 7,563 |
Italy | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 2,746 | € 5,735 | € 5,004 |
Financial assets (as a percent) | 1.68% | 3.25% | 2.71% |
Italy | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 1,215 | € 1,047 | € 1,384 |
Italy | Public fixed income | |||
Debt Instruments | |||
Financial assets | 1,531 | 4,688 | 3,620 |
Ireland | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 4,811 | € 2,926 | € 2,389 |
Financial assets (as a percent) | 2.94% | 1.66% | 1.29% |
Ireland | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 4,759 | € 2,924 | € 2,387 |
Ireland | Public fixed income | |||
Debt Instruments | |||
Financial assets | 52 | 2 | 2 |
Poland | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 15,575 | € 14,526 | € 9,821 |
Financial assets (as a percent) | 9.51% | 8.23% | 5.32% |
Poland | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 2,848 | € 3,126 | € 460 |
Poland | Public fixed income | |||
Debt Instruments | |||
Financial assets | 12,727 | 11,400 | 9,361 |
Other EU countries | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 12,344 | € 11,102 | € 8,970 |
Financial assets (as a percent) | 7.53% | 6.29% | 4.86% |
Other EU countries | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 8,922 | € 8,211 | € 7,186 |
Other EU countries | Public fixed income | |||
Debt Instruments | |||
Financial assets | 3,422 | 2,891 | 1,784 |
United States | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 27,099 | € 21,031 | € 21,524 |
Financial assets (as a percent) | 16.54% | 11.91% | 11.66% |
United States | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 5,634 | € 6,386 | € 5,915 |
United States | Public fixed income | |||
Debt Instruments | |||
Financial assets | 21,465 | 14,645 | 15,609 |
Brazil | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 34,697 | € 38,495 | € 40,844 |
Financial assets (as a percent) | 21.18% | 21.80% | 22.13% |
Brazil | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 5,446 | € 5,179 | € 5,808 |
Brazil | Public fixed income | |||
Debt Instruments | |||
Financial assets | 29,251 | 33,316 | 35,036 |
Mexico | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 15,089 | € 19,488 | € 13,942 |
Financial assets (as a percent) | 9.21% | 11.04% | 7.55% |
Mexico | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 517 | € 435 | € 708 |
Mexico | Public fixed income | |||
Debt Instruments | |||
Financial assets | 14,572 | 19,053 | 13,234 |
Chile | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 9,518 | € 8,123 | € 4,869 |
Financial assets (as a percent) | 5.81% | 4.60% | 2.64% |
Chile | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 51 | € 41 | € 50 |
Chile | Public fixed income | |||
Debt Instruments | |||
Financial assets | 9,467 | 8,082 | 4,819 |
Rest of America | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 2,783 | € 3,372 | € 1,700 |
Financial assets (as a percent) | 1.70% | 1.91% | 0.92% |
Rest of America | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 655 | € 274 | € 605 |
Rest of America | Public fixed income | |||
Debt Instruments | |||
Financial assets | 2,128 | 3,098 | 1,095 |
Rest of the world | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 2,496 | € 4,320 | € 4,018 |
Financial assets (as a percent) | 1.52% | 2.44% | 2.18% |
Rest of the world | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 77 | € 182 | € 186 |
Rest of the world | Public fixed income | |||
Debt Instruments | |||
Financial assets | € 2,419 | € 4,138 | € 3,832 |
Debt Instruments - Breakdown _2
Debt Instruments - Breakdown by issuer rating (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Debt Instruments | |||
Financial assets | € 163,853 | € 176,554 | € 184,596 |
Financial assets (as a percent) | 100.00% | 100.00% | |
Debt instruments | |||
Debt Instruments | |||
Financial assets | € 163,853 | € 176,554 | € 184,596 |
Financial assets (as a percent) | 100.00% | 100.00% | 100.00% |
Private fixed income | |||
Debt Instruments | |||
Financial assets | € 40,239 | € 35,587 | € 35,108 |
Public fixed income | |||
Debt Instruments | |||
Financial assets | 123,614 | 140,967 | 149,488 |
Standard & Poors AAA Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 17,729 | € 16,187 | € 15,822 |
Financial assets (as a percent) | 10.82% | 9.17% | 8.57% |
Standard & Poors AAA Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 15,956 | € 14,088 | € 14,737 |
Standard & Poors AAA Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 1,773 | 2,099 | 1,085 |
Standard & Poors AA Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 28,360 | € 20,498 | € 33,458 |
Financial assets (as a percent) | 17.31% | 11.61% | 18.13% |
Standard & Poors AA Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 2,005 | € 1,714 | € 5,133 |
Standard & Poors AA Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 26,355 | 18,784 | 28,325 |
Standard & Poors, A Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 52,953 | € 59,883 | € 62,982 |
Financial assets (as a percent) | 32.32% | 33.92% | 34.12% |
Standard & Poors, A Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 8,594 | € 6,228 | € 3,238 |
Standard & Poors, A Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 44,359 | 53,655 | 59,744 |
Standard & Poors BBB Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 25,538 | € 37,719 | € 29,655 |
Financial assets (as a percent) | 15.59% | 21.36% | 16.06% |
Standard & Poors BBB Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 5,234 | € 6,515 | € 4,889 |
Standard & Poors BBB Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 20,304 | 31,204 | 24,766 |
Standard & Poors below BBB Rating | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 34,407 | € 38,595 | € 36,710 |
Financial assets (as a percent) | 21.00% | 21.86% | 19.89% |
Standard & Poors below BBB Rating | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 3,584 | € 3,431 | € 1,244 |
Standard & Poors below BBB Rating | Public fixed income | |||
Debt Instruments | |||
Financial assets | 30,823 | 35,164 | 35,466 |
Unrated | Debt instruments | |||
Debt Instruments | |||
Financial assets | € 4,866 | € 3,672 | € 5,969 |
Financial assets (as a percent) | 2.97% | 2.08% | 3.23% |
Unrated | Private fixed income | |||
Debt Instruments | |||
Financial assets | € 4,866 | € 3,611 | € 5,867 |
Unrated | Public fixed income | |||
Debt Instruments | |||
Financial assets | € 0 | € 61 | € 102 |
Debt Instruments - Breakdown _3
Debt Instruments - Breakdown by type of instrument (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Debt Instruments | |||
Financial assets | € 163,853 | € 176,554 | € 184,596 |
Debt instruments | |||
Debt Instruments | |||
Financial assets | 163,853 | 176,554 | 184,596 |
Private fixed income | |||
Debt Instruments | |||
Financial assets | 40,239 | 35,587 | 35,108 |
Private fixed income | Floating interest rate | |||
Debt Instruments | |||
Financial assets | 8,081 | 7,829 | 10,348 |
Private fixed income | Fixed interest rate | |||
Debt Instruments | |||
Financial assets | 20,048 | 16,353 | 12,878 |
Private fixed income | Securitized mortgage bonds | |||
Debt Instruments | |||
Financial assets | 5,806 | 5,926 | 5,494 |
Private fixed income | Other asset back bonds | |||
Debt Instruments | |||
Financial assets | € 6,304 | € 5,479 | € 6,388 |
Debt Instruments - Impairment L
Debt Instruments - Impairment Losses (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Debt Instruments | |||
Impairment at beginning of year | € (176,554) | € (184,596) | |
Impairment at end of year | (163,853) | (176,554) | € (184,596) |
Accumulated impairment | |||
Debt Instruments | |||
Impairment at beginning of year | 284 | 474 | |
Impairment at end of year | 215 | 284 | 474 |
Debt instruments | |||
Debt Instruments | |||
Impairment at beginning of year | (176,554) | (184,596) | |
Impairment at end of year | (163,853) | (176,554) | (184,596) |
Debt instruments | Accumulated impairment | |||
Debt Instruments | |||
Impairment at beginning of year | 284 | 474 | 635 |
Net impairment losses charged to income for the period | 28 | 79 | (170) |
Impairment loss recognised in profit or loss | 49 | 91 | 77 |
Impairment losses reversed with a credit to income | (21) | (12) | (247) |
Exchange differences and other | (97) | (269) | 9 |
Impairment at end of year | 215 | 284 | 474 |
Debt instruments | Accumulated impairment | Stage 1 | Financial instruments not credit-impaired | |||
Debt Instruments | |||
Impairment at beginning of year | 25 | 22 | |
Impairment at end of year | 26 | 25 | 22 |
Debt instruments | Accumulated impairment | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Debt Instruments | |||
Impairment at beginning of year | 2 | 6 | |
Impairment at end of year | 8 | 2 | 6 |
Debt instruments | Accumulated impairment | Stage 2 and 3 | Financial instruments credit-impaired | |||
Debt Instruments | |||
Impairment at beginning of year | 257 | 446 | |
Impairment at end of year | 181 | 257 | 446 |
Debt instruments | Accumulated impairment | European Union | |||
Debt Instruments | |||
Impairment at beginning of year | 21 | 14 | |
Impairment at end of year | 25 | 21 | 14 |
Debt instruments | Accumulated impairment | Latin America | |||
Debt Instruments | |||
Impairment at beginning of year | 263 | 460 | |
Impairment at end of year | 190 | 263 | 460 |
Debt instruments | Accumulated impairment | Financial assets at amortized cost | |||
Debt Instruments | |||
Net impairment losses charged to income for the period | 31 | 77 | (176) |
Debt instruments | Accumulated impairment | Financial assets at fair value through other comprehensive income | |||
Debt Instruments | |||
Net impairment losses charged to income for the period | € (3) | € 2 | € 6 |
Equity instruments - Breakdown
Equity instruments - Breakdown - (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets [line items] | ||||
Financial assets held for trading | € 116,953 | € 114,945 | € 108,230 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,536 | 4,486 | 4,911 | |
Financial assets designated at fair value through other comprehensive income | 108,038 | 120,953 | 125,708 | |
Total financial assets | 163,853 | 176,554 | 184,596 | |
Equity instruments | ||||
Disclosure of financial assets [line items] | ||||
Financial assets held for trading | 15,077 | 9,615 | 12,437 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 4,042 | 3,234 | 3,350 | |
Financial assets designated at fair value through other comprehensive income | 2,453 | 2,783 | 2,863 | € 2,671 |
Total financial assets | 21,572 | 15,632 | 18,650 | |
Shares of Spanish companies | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | 3,896 | 3,364 | 3,711 | |
Shares of foreign companies | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | 15,184 | 10,437 | 12,682 | |
Shares of investment funds | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | € 2,492 | € 1,831 | € 2,257 |
Equity instruments - Changes -
Equity instruments - Changes - (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of financial assets [line items] | |||
Balance at beginning of year | € 120,953 | € 125,708 | |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR) | (3,063) | 692 | € 2,588 |
Balance at end of year | 108,038 | 120,953 | 125,708 |
Equity instruments | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of year | 2,783 | 2,863 | 2,671 |
Net additions (disposals) | (276) | 833 | 177 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR) | (171) | (917) | (29) |
Changes in the RV hedged with micro-hedging transactions | 117 | 4 | 44 |
Balance at end of year | € 2,453 | € 2,783 | € 2,863 |
Trading Derivatives (assets a_3
Trading Derivatives (assets and liabilities) and short positions - Derivatives (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Financial instruments | |||
Financial assets held for trading | € 116,953 | € 114,945 | € 108,230 |
Financial liabilities held for trading | 79,469 | 81,167 | 77,139 |
Derivatives | |||
Financial instruments | |||
Financial liabilities held for trading | 53,566 | 64,469 | 63,016 |
Derivatives | Interest rate risk | |||
Financial instruments | |||
Financial liabilities held for trading | 30,192 | 41,085 | 40,956 |
Derivatives | Currency risk | |||
Financial instruments | |||
Financial liabilities held for trading | 21,894 | 22,028 | 19,870 |
Derivatives | Price risk | |||
Financial instruments | |||
Financial liabilities held for trading | 891 | 944 | 1,772 |
Derivatives | Other risks | |||
Financial instruments | |||
Financial liabilities held for trading | 589 | 412 | 418 |
Derivatives | |||
Financial instruments | |||
Financial assets held for trading | 54,292 | 67,137 | 63,397 |
Derivatives | Interest rate risk | |||
Financial instruments | |||
Financial assets held for trading | 31,884 | 43,832 | 42,614 |
Derivatives | Currency risk | |||
Financial instruments | |||
Financial assets held for trading | 19,823 | 21,162 | 18,085 |
Derivatives | Price risk | |||
Financial instruments | |||
Financial assets held for trading | 1,498 | 1,931 | 2,329 |
Derivatives | Other risks | |||
Financial instruments | |||
Financial assets held for trading | € 1,087 | € 212 | € 369 |
Trading derivatives (assets a_4
Trading derivatives (assets and liabilities) and short positions - Short positions (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Financial instruments | |||
FINANCIAL LIABILITIES HELD FOR TRADING | € 79,469 | € 81,167 | € 77,139 |
Short positions | |||
Financial instruments | |||
FINANCIAL LIABILITIES HELD FOR TRADING | 12,236 | 16,698 | 14,123 |
Debt instruments | Short positions | |||
Financial instruments | |||
Borrowed securities | 825 | 625 | 390 |
Short sales | 11,022 | 15,784 | 13,340 |
Debt instruments | Short positions | Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | |||
Financial instruments | |||
Borrowed securities | 825 | 625 | 390 |
Debt instruments | Short positions | Banco Santander (Brasil) S.A. | |||
Financial instruments | |||
Short sales | 1,952 | 7,085 | 5,194 |
Equity instruments | Short positions | |||
Financial instruments | |||
Borrowed securities | 389 | 289 | 393 |
Banco Santander, S.A. | Debt instruments | Short positions | |||
Financial instruments | |||
Short sales | 8,926 | 8,645 | 7,980 |
Banco Santander, S.A. | Equity instruments | Short positions | |||
Financial instruments | |||
Borrowed securities | € 318 | € 289 | € 308 |
Loans and advances to custome_2
Loans and advances to customers - Summary (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Loans And Advances To Customers Line Items | ||||
Financial assets held for trading | € 116,953 | € 114,945 | € 108,230 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,536 | 4,486 | 4,911 | |
Financial assets designated at fair value through profit or loss | 15,957 | 48,717 | 62,069 | |
Financial assets designated at fair value through other comprehensive income | 108,038 | 120,953 | 125,708 | |
Financial assets at amortised cost | 1,037,898 | 958,378 | 995,482 | |
Total financial assets | 163,853 | 176,554 | 184,596 | |
Impairment losses | ||||
Loans And Advances To Customers Line Items | ||||
Total financial assets | (215) | (284) | (474) | |
Customers | ||||
Loans And Advances To Customers Line Items | ||||
Financial assets held for trading | 6,829 | 296 | 355 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 537 | 552 | 386 | |
Financial assets designated at fair value through profit or loss | 10,289 | 24,121 | 30,761 | |
Financial assets designated at fair value through other comprehensive income | 7,663 | 9,267 | 4,440 | |
Financial assets at amortised cost | 947,364 | 881,963 | 906,276 | |
Total financial assets | 972,682 | 916,199 | 942,218 | |
Customers | Impairment losses | ||||
Loans And Advances To Customers Line Items | ||||
Total financial assets | (22,964) | (23,595) | (22,242) | € (23,307) |
Customers | Gross carrying amount | ||||
Loans And Advances To Customers Line Items | ||||
Total financial assets | € 995,646 | € 939,794 | € 964,460 |
Loans and advances to custome_3
Loans and advances to customers - Breakdown (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Loans And Advances To Customers Line Items | |||
Financial assets | € 163,853 | € 176,554 | € 184,596 |
Loans and advances to customers | 972,682 | 916,199 | 942,218 |
Without considering the Public Administration | |||
Loans And Advances To Customers Line Items | |||
Loans and advances to customers | 971,252 | 916,911 | 942,249 |
Without considering the Public Administration | Financial instruments not credit-impaired | |||
Loans And Advances To Customers Line Items | |||
Loans and advances to customers | € 939,645 | 886,118 | 909,741 |
Rest of the world | Public sector | Standard & Poors, A Rating | |||
Loans And Advances To Customers Line Items | |||
Credit exposure percentage | 5.20% | ||
Rest of the world | Public sector | Standard & Poors AAA Rating | |||
Loans And Advances To Customers Line Items | |||
Credit exposure percentage | 1.20% | ||
Rest of the world | Public sector | Standard & Poors AA Rating | |||
Loans And Advances To Customers Line Items | |||
Credit exposure percentage | 13.40% | ||
Rest of the world | Public sector | Standard & Poors BBB Rating | |||
Loans And Advances To Customers Line Items | |||
Credit exposure percentage | 69.90% | ||
Rest of the world | Public sector | Standard & Poors below BBB Rating | |||
Loans And Advances To Customers Line Items | |||
Credit exposure percentage | 9.70% | ||
Rest of the world | Public sector | No Rating | |||
Loans And Advances To Customers Line Items | |||
Credit exposure percentage | 0.50% | ||
Gross carrying amount | Fixed rate | |||
Loans And Advances To Customers Line Items | |||
Financial assets | € 593,645 | 550,883 | 546,619 |
Gross carrying amount | Floating rate | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 402,001 | 388,911 | 417,841 |
Gross carrying amount | Spain | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 216,741 | 215,330 | 204,810 |
Gross carrying amount | Spain | Public sector | Standard & Poors, A Rating | |||
Loans And Advances To Customers Line Items | |||
Loans and advances to customers | 14,131 | 12,104 | 9,993 |
Gross carrying amount | European Union (excluding Spain) | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 190,032 | 192,988 | 460,338 |
Gross carrying amount | United States and Puerto Rico | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 102,491 | 93,405 | 100,152 |
Gross carrying amount | Other OECD countries | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 374,729 | 338,362 | 86,327 |
Gross carrying amount | South America (non - OECD) | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 94,010 | 79,629 | 92,145 |
Gross carrying amount | Rest of the world | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 17,643 | 20,080 | 20,688 |
Gross carrying amount | Rest of the world | Public sector | |||
Loans And Advances To Customers Line Items | |||
Loans and advances to customers | 10,263 | 10,779 | 12,218 |
Gross carrying amount | Customers | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 995,646 | 939,794 | 964,460 |
Gross carrying amount | Commercial credit | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 49,603 | 37,459 | 37,753 |
Gross carrying amount | Secured loans | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 542,404 | 503,014 | 513,929 |
Gross carrying amount | Reverse repurchase agreements | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 33,264 | 35,702 | 45,703 |
Gross carrying amount | Other term loans | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 269,526 | 269,143 | 267,154 |
Gross carrying amount | Finance leases | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 38,503 | 36,251 | 35,788 |
Gross carrying amount | Receivable on demand | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 10,304 | 7,903 | 7,714 |
Gross carrying amount | Credit cards receivables | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 20,397 | 19,507 | 23,876 |
Gross carrying amount | Impaired assets | |||
Loans And Advances To Customers Line Items | |||
Financial assets | € 31,645 | € 30,815 | € 32,543 |
Loans and advances to custome_4
Loans and advances to customers - Loans to customers, net of impairment losses (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | € 956,314 | ||
Refinanced and restructured transactions | 27,781 | ||
Advances to customers | 16,368 | ||
Financial assets | 163,853 | € 176,554 | € 184,596 |
Customers | |||
Loans And Advances To Customers Line Items | |||
Financial assets | 972,682 | € 916,199 | € 942,218 |
Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 125,097 | ||
Refinanced and restructured transactions | 3,856 | ||
More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 140,211 | ||
Refinanced and restructured transactions | 2,237 | ||
More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 158,528 | ||
Refinanced and restructured transactions | 4,678 | ||
More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 149,219 | ||
Refinanced and restructured transactions | 2,442 | ||
More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 55,068 | ||
Refinanced and restructured transactions | 2,593 | ||
Public sector | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 22,152 | ||
Public sector | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 68 | ||
Public sector | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 81 | ||
Public sector | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 26 | ||
Public sector | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 608 | ||
Public sector | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 10 | ||
Other financial institutions (financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 70,348 | ||
Other financial institutions (financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,532 | ||
Other financial institutions (financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,868 | ||
Other financial institutions (financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,585 | ||
Other financial institutions (financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 35,871 | ||
Other financial institutions (financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 722 | ||
Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 323,475 | ||
Non-financial corporations and individual entrepreneurs (non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 24,034 | ||
Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 21,064 | ||
Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 18,461 | ||
Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 57,321 | ||
Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 19,884 | ||
Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 540,339 | ||
Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 98,463 | ||
Households - other | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 117,198 | ||
Households - other | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 138,456 | ||
Households - other | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 55,419 | ||
Households - other | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 34,452 | ||
Without collateral | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 328,191 | ||
Refinanced and restructured transactions | 11,975 | ||
Without collateral | Public sector | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 21,359 | ||
Without collateral | Other financial institutions (financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 27,770 | ||
Without collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 182,711 | ||
Without collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 96,351 | ||
Of which property collateral | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 423,351 | ||
Refinanced and restructured transactions | 11,222 | ||
Of which property collateral | Public sector | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 180 | ||
Of which property collateral | Other financial institutions (financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,612 | ||
Of which property collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 60,112 | ||
Of which property collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 360,447 | ||
Of which other collateral | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 204,772 | ||
Refinanced and restructured transactions | 4,584 | ||
Of which other collateral | Public sector | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 613 | ||
Of which other collateral | Other financial institutions (financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 39,966 | ||
Of which other collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 80,652 | ||
Of which other collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 83,541 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 18,936 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 5,357 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 4,821 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,695 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,555 | ||
Construction and property development | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,159 | ||
Construction and property development | Without collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,349 | ||
Construction and property development | Of which property collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 9,778 | ||
Construction and property development | Of which other collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 6,809 | ||
Civil engineering construction | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,061 | ||
Civil engineering construction | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 108 | ||
Civil engineering construction | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 149 | ||
Civil engineering construction | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 167 | ||
Civil engineering construction | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 688 | ||
Civil engineering construction | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 131 | ||
Civil engineering construction | Without collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,818 | ||
Civil engineering construction | Of which property collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 219 | ||
Civil engineering construction | Of which other collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,024 | ||
Large companies | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 174,191 | ||
Large companies | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 7,789 | ||
Large companies | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 5,111 | ||
Large companies | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 5,365 | ||
Large companies | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 31,122 | ||
Large companies | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 8,786 | ||
Large companies | Without collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 116,018 | ||
Large companies | Of which property collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 19,655 | ||
Large companies | Of which other collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 38,518 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 127,287 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 10,780 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 10,983 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 11,234 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 21,956 | ||
SMEs and individual entrepreneurs | Non-financial corporations and individual entrepreneurs (non-financial business activity) | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 9,808 | ||
SMEs and individual entrepreneurs | Without collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 62,526 | ||
SMEs and individual entrepreneurs | Of which property collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 30,460 | ||
SMEs and individual entrepreneurs | Of which other collateral | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 34,301 | ||
Residential | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 353,623 | ||
Residential | Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 91,428 | ||
Residential | Households - other | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 110,574 | ||
Residential | Households - other | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 121,400 | ||
Residential | Households - other | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 24,007 | ||
Residential | Households - other | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,957 | ||
Residential | Without collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,257 | ||
Residential | Of which property collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 350,651 | ||
Residential | Of which other collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 715 | ||
Consumer loans | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 167,760 | ||
Consumer loans | Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,927 | ||
Consumer loans | Households - other | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,938 | ||
Consumer loans | Households - other | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 13,083 | ||
Consumer loans | Households - other | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 26,721 | ||
Consumer loans | Households - other | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 29,262 | ||
Consumer loans | Without collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 91,829 | ||
Consumer loans | Of which property collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,403 | ||
Consumer loans | Of which other collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 74,528 | ||
Other purposes | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 18,956 | ||
Other purposes | Households - other | Less than or equal to 40% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 4,108 | ||
Other purposes | Households - other | More than 40% and less than or equal to 60% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,686 | ||
Other purposes | Households - other | More than 60% and less than or equal to 80% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 3,973 | ||
Other purposes | Households - other | More than 80% and less than or equal to 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 4,691 | ||
Other purposes | Households - other | More than 100% | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 1,233 | ||
Other purposes | Without collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 2,265 | ||
Other purposes | Of which property collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | 8,393 | ||
Other purposes | Of which other collateral | Households - other | |||
Loans And Advances To Customers Line Items | |||
Loans to customers, net of impairment losses | € 8,298 |
Loans and advances to custome_5
Loans and advances to customers - Movement in gross exposure by impairment stage (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | € (176,554) | € (184,596) | |
Impairment at end of year | (163,853) | (176,554) | € (184,596) |
Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 284 | 474 | |
Impairment at end of year | 215 | 284 | 474 |
Customers | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | (916,199) | (942,218) | |
Impairment at end of year | (972,682) | (916,199) | (942,218) |
Customers | Financial instruments credit-impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Write-offs | 9,089 | 8,930 | 12,593 |
Exchange differences and other changes | (529) | 3,336 | (163) |
Customers | Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 23,595 | 22,242 | 23,307 |
Write-offs | (9,089) | (8,930) | (12,593) |
Exchange differences and other changes | (304) | (3,020) | 420 |
Impairment at end of year | 22,964 | 23,595 | 22,242 |
Customers | Accumulated impairment | Financial instruments not credit-impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 9,937 | 8,309 | |
Impairment at end of year | 9,414 | 9,937 | 8,309 |
Customers | Accumulated impairment | Financial instruments credit-impaired | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 13,658 | 13,933 | |
Impairment at end of year | 13,550 | 13,658 | 13,933 |
Customers | Financial assets at fair value through other comprehensive income and financial assets at amortised cost | Accumulated impairment | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 914,328 | 932,252 | 881,473 |
Net changes on financial assets | 50,281 | 49,945 | 49,881 |
Write-offs | (9,089) | (8,930) | (12,593) |
Exchange differences and other changes | 22,051 | (58,939) | 13,491 |
Impairment at end of year | 977,571 | 914,328 | 932,252 |
Customers | Financial assets at fair value through other comprehensive income and financial assets at amortised cost | Accumulated impairment | Financial instruments not credit-impaired | Stage 1 | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 817,906 | 849,939 | 795,829 |
To stage 2 from stage 1 | (33,051) | (43,170) | (28,369) |
To stage 3 from stage 1 | (6,617) | (5,120) | (4,101) |
To stage 1 from stage 2 | 17,796 | 13,459 | 12,436 |
To stage 1 from stage 3 | 271 | 578 | 488 |
Net changes on financial assets | 62,629 | 53,555 | 61,581 |
Exchange differences and other changes | 19,766 | (51,335) | 12,075 |
Impairment at end of year | 878,700 | 817,906 | 849,939 |
Customers | Financial assets at fair value through other comprehensive income and financial assets at amortised cost | Accumulated impairment | Financial instruments not credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 66,104 | 50,476 | 52,183 |
To stage 2 from stage 1 | 33,051 | 43,170 | 28,369 |
To stage 3 from stage 2 | (5,836) | (8,734) | (13,240) |
To stage 1 from stage 2 | (17,796) | (13,459) | (12,436) |
To stage 2 from stage 3 | 1,865 | 1,831 | 2,439 |
Net changes on financial assets | (11,629) | (2,951) | (8,092) |
Exchange differences and other changes | 1,825 | (4,229) | 1,253 |
Impairment at end of year | 67,584 | 66,104 | 50,476 |
Customers | Financial assets at fair value through other comprehensive income and financial assets at amortised cost | Accumulated impairment | Financial instruments credit-impaired | Stage 2 and 3 | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Impairment at beginning of year | 30,318 | 31,837 | 33,461 |
To stage 3 from stage 1 | 6,617 | 5,120 | 4,101 |
To stage 3 from stage 2 | 5,836 | 8,734 | 13,240 |
To stage 2 from stage 3 | (1,865) | (1,831) | (2,439) |
To stage 1 from stage 3 | (271) | (578) | (488) |
Net changes on financial assets | (719) | (659) | (3,608) |
Write-offs | (9,089) | (8,930) | (12,593) |
Exchange differences and other changes | 460 | (3,375) | 163 |
Impairment at end of year | € 31,287 | € 30,318 | € 31,837 |
Loans and advances to custome_6
Loans and advances to customers - Movement in loss provision (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Exposure in assets purchased with impairment | € 420 | € 497 | € 706 |
Exposure in assets purchased with impairment, still showing signs of impairment | 358 | ||
Impairment at beginning of year | (176,554) | (184,596) | |
Impairment at end of year | (163,853) | (176,554) | (184,596) |
Loans and receivables | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Provision for credit losses | (7,407) | (12,382) | (9,352) |
Customers | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | (916,199) | (942,218) | |
Impairment at end of year | (972,682) | (916,199) | (942,218) |
Losses on renegotiation or contractual modification | 0 | 139 | 0 |
Customers | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs | 9,089 | 8,930 | 12,593 |
Exchange differences and other changes | (529) | 3,336 | (163) |
Debt instruments | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | (176,554) | (184,596) | |
Impairment at end of year | (163,853) | (176,554) | (184,596) |
Debt instruments | Loans and receivables | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Reversal of impairment loss recognised in profit or loss | (1,383) | (1,221) | (1,586) |
Accumulated impairment | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 284 | 474 | |
Impairment at end of year | 215 | 284 | 474 |
Accumulated impairment | Customers | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 23,595 | 22,242 | 23,307 |
Provision for credit losses | (8,762) | (13,385) | (11,108) |
Impairment loss recognised in profit or loss | 18,240 | 20,909 | 19,192 |
Reversal of impairment loss recognised in profit or loss | (9,478) | (7,524) | (8,084) |
Change of perimeter | 0 | (82) | 0 |
Write-offs | (9,089) | (8,930) | (12,593) |
Exchange differences and other changes | (304) | (3,020) | 420 |
Impairment at end of year | 22,964 | 23,595 | 22,242 |
Accumulated impairment | Customers | Individually calculated | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 2,679 | 3,555 | |
Impairment at end of year | 2,496 | 2,679 | 3,555 |
Accumulated impairment | Customers | Collective calculated | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 20,916 | 18,687 | |
Impairment at end of year | 20,468 | 20,916 | 18,687 |
Accumulated impairment | Customers | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 13,658 | 13,933 | |
Impairment at end of year | 13,550 | 13,658 | 13,933 |
Accumulated impairment | Customers | Financial instruments not credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 9,937 | 8,309 | |
Impairment at end of year | 9,414 | 9,937 | 8,309 |
Accumulated impairment | Debt instruments | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 284 | 474 | 635 |
Provision for credit losses | (28) | (79) | 170 |
Impairment loss recognised in profit or loss | 49 | 91 | 77 |
Reversal of impairment loss recognised in profit or loss | (21) | (12) | (247) |
Exchange differences and other changes | (97) | (269) | 9 |
Impairment at end of year | € 215 | € 284 | € 474 |
Loans and advances to custome_7
Loans and advances to customers - Movement in loss provision by impairment stage (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | € (176,554) | € (184,596) | |
Impairment at end of year | (163,853) | (176,554) | € (184,596) |
Customers | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | (916,199) | (942,218) | |
Impairment at end of year | (972,682) | (916,199) | (942,218) |
Customers | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs | 9,089 | 8,930 | 12,593 |
Exchange differences and other changes | (529) | 3,336 | (163) |
Accumulated impairment | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 284 | 474 | |
Impairment at end of year | 215 | 284 | 474 |
Accumulated impairment | Customers | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 23,595 | 22,242 | 23,307 |
Write-offs | (9,089) | (8,930) | (12,593) |
Exchange differences and other changes | (304) | (3,020) | 420 |
Impairment at end of year | 22,964 | 23,595 | 22,242 |
Accumulated impairment | Customers | Financial instruments not credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 9,937 | 8,309 | |
Impairment at end of year | 9,414 | 9,937 | 8,309 |
Accumulated impairment | Customers | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 13,658 | 13,933 | |
Impairment at end of year | 13,550 | 13,658 | 13,933 |
Financial assets at amortized cost | Accumulated impairment | Customers | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 23,595 | 22,242 | 23,307 |
To stage 2 from stage 1 | 2,390 | 1,840 | 2,271 |
To stage 3 from stage 1 | 1,972 | 2,131 | 1,082 |
To stage 3 from stage 2 | 1,388 | 1,095 | 2,547 |
To stage 1 from stage 2 | (771) | (682) | (747) |
To stage 2 from stage 3 | (544) | (424) | (436) |
To stage 1 from stage 3 | (59) | (85) | (94) |
Net changes of the exposure and modifications in the credit risk | 4,386 | 9,510 | 6,485 |
Write-offs | (9,089) | (8,930) | (12,593) |
Exchange differences and other changes | (304) | (3,102) | 420 |
Impairment at end of year | 22,964 | 23,595 | 22,242 |
Financial assets at amortized cost | Accumulated impairment | Customers | Financial instruments not credit-impaired | Stage 1 | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 4,265 | 3,835 | 3,658 |
To stage 2 from stage 1 | (578) | (1,040) | (964) |
To stage 3 from stage 1 | (237) | (255) | (214) |
To stage 1 from stage 2 | 254 | 294 | 301 |
To stage 1 from stage 3 | 8 | 53 | 29 |
Net changes of the exposure and modifications in the credit risk | 617 | 1,966 | 1,119 |
Exchange differences and other changes | (141) | (588) | (94) |
Impairment at end of year | 4,188 | 4,265 | 3,835 |
Financial assets at amortized cost | Accumulated impairment | Customers | Financial instruments not credit-impaired | Stage 2 and 3 | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 5,672 | 4,474 | 4,743 |
To stage 2 from stage 1 | 2,968 | 2,880 | 3,235 |
To stage 3 from stage 2 | (1,086) | (971) | (3,065) |
To stage 1 from stage 2 | (1,025) | (976) | (1,048) |
To stage 2 from stage 3 | 216 | 303 | 381 |
Net changes of the exposure and modifications in the credit risk | (1,557) | 535 | (182) |
Exchange differences and other changes | 38 | (573) | 410 |
Impairment at end of year | 5,226 | 5,672 | 4,474 |
Financial assets at amortized cost | Accumulated impairment | Customers | Financial instruments credit-impaired | Stage 2 and 3 | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Impairment at beginning of year | 13,658 | 13,933 | 14,906 |
To stage 3 from stage 1 | 2,209 | 2,386 | 1,296 |
To stage 3 from stage 2 | 2,474 | 2,066 | 5,612 |
To stage 2 from stage 3 | (760) | (727) | (817) |
To stage 1 from stage 3 | (67) | (138) | (123) |
Net changes of the exposure and modifications in the credit risk | 5,326 | 7,009 | 5,548 |
Write-offs | (9,089) | (8,930) | (12,593) |
Exchange differences and other changes | (201) | (1,941) | 104 |
Impairment at end of year | € 13,550 | € 13,658 | € 13,933 |
Loans and advances to custome_8
Loans and advances to customers - Impaired assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Financial assets at beginning of period | € 176,554 | € 184,596 | |
Financial assets at end of period | 163,853 | 176,554 | € 184,596 |
Financial instruments credit-impaired | Loans and receivables | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Written-off assets | 40,585 | 39,087 | 46,209 |
Customers | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Financial assets at beginning of period | 916,199 | 942,218 | |
Financial assets at end of period | 972,682 | 916,199 | 942,218 |
Customers | Gross carrying amount | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Financial assets at beginning of period | 939,794 | 964,460 | |
Financial assets at end of period | 995,646 | 939,794 | 964,460 |
Customers | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Additions | 9,390 | 10,577 | 10,755 |
Written-off assets | (9,089) | (8,930) | (12,593) |
Changes in the scope of consolidation | 0 | (39) | 0 |
Exchange differences and other | 529 | (3,336) | 163 |
Customers | Financial instruments credit-impaired | Gross carrying amount | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Financial assets at beginning of period | 30,815 | 32,543 | 34,218 |
Financial assets at end of period | € 31,645 | € 30,815 | € 32,543 |
Loans and advances to custome_9
Loans and advances to customers - Assets, allowances and collateral (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | € 972,682 | € 916,199 | € 942,218 |
Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Estimated collateral value | 11,371 | ||
Without collateral | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Estimated collateral value | 0 | ||
Of which property collateral | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Estimated collateral value | 9,054 | ||
Of which other collateral | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Estimated collateral value | 2,317 | ||
Gross carrying amount | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 31,645 | ||
Gross carrying amount | Without collateral | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 13,327 | ||
Gross carrying amount | Of which property collateral | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 12,907 | ||
Gross carrying amount | Of which other collateral | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | 5,411 | ||
Accumulated impairment | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | (13,550) | ||
Accumulated impairment | Without collateral | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | (7,416) | ||
Accumulated impairment | Of which property collateral | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | (3,540) | ||
Accumulated impairment | Of which other collateral | Financial assets at amortized cost | Financial instruments credit-impaired | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loans and advances to customers | € (2,594) |
Loans and advances to custom_10
Loans and advances to customers - Securitisation (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | € 80,600 | € 88,662 | € 93,553 |
Securitizations | 80,600 | 88,662 | 93,553 |
Recognised assets representing continuing involvement in fully derecognised loans | 14,141 | 13,999 | 16,786 |
United Kingdom | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | 5,295 | 9,034 | 13,002 |
Securitised mortgage assets | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | 19,523 | 30,145 | 31,868 |
Other securitized assets | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Securitized loans retained on the balance sheet | € 61,077 | € 58,517 | € 61,685 |
Trading derivatives (Details)
Trading derivatives (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | € 392,948 | € 360,626 | € 362,464 |
Trading derivatives | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 5,470,797 | 5,830,329 | 6,169,917 |
Market value | 726 | 2,668 | 381 |
Trading derivatives | Forward rate agreements | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 147,603 | 515,889 | 218,252 |
Market value | (11) | 0 | (8) |
Trading derivatives | Interest rate swaps | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 3,920,945 | 3,789,169 | 4,322,199 |
Market value | 1,931 | 3,638 | 2,573 |
Trading derivatives | Options, futures and other derivatives | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 508,723 | 698,500 | 794,140 |
Market value | (228) | (891) | (907) |
Trading derivatives | Credit default swaps | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 13,571 | 12,378 | 23,701 |
Market value | 436 | (133) | (71) |
Trading derivatives | Foreign currency purchases and sales | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 329,781 | 304,280 | 325,720 |
Market value | (664) | (45) | (441) |
Trading derivatives | Foreign currency options | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 49,680 | 45,074 | 44,763 |
Market value | (114) | (7) | (182) |
Trading derivatives | Currency swaps | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 430,644 | 394,178 | 379,176 |
Market value | (1,293) | (814) | (1,162) |
Trading derivatives | Securities and commodities derivatives and other | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amount | 69,850 | 70,861 | 61,966 |
Market value | € 669 | € 920 | € 579 |
Non-current assets (Details)
Non-current assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | € 33,321 | € 32,735 | € 35,235 |
Other assets | 8,595 | 11,070 | 10,138 |
Total non-current assets held for sale | 4,089 | 4,445 | 4,601 |
Loss on disposal of real estate assets | 43 | 171 | 232 |
Non-current assets held for sale | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | 4,089 | 4,445 | 4,588 |
Other tangible assets held for sale | 438 | 364 | 103 |
Other assets | 0 | 0 | 13 |
Total non-current assets held for sale | 4,089 | 4,445 | 4,601 |
Non-current assets held for sale | Spain | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Loss on disposal of real estate assets | 180 | ||
Non-current assets held for sale | Foreclosed assets | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | 3,651 | 4,081 | 4,485 |
Non-current assets held for sale | Foreclosed assets | Spain | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | € 3,120 | € 3,485 | € 3,667 |
Non-current assets - Allowances
Non-current assets - Allowances and other information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Impairment | € 141 | € 215 | € 146 |
Non-current assets held for sale | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Allowances recognized for non-current assets (as percentage) | 48.00% | 48.00% | 48.00% |
Impairment | € 239 | € 250 | € 279 |
Recoveries | € 98 | € 35 | € 133 |
Investments - Summary of invest
Investments - Summary of investments by company (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of associates [line items] | |||
Associated entities | € 5,833 | € 6,130 | € 7,447 |
Joint venture entities | 1,692 | 1,492 | 1,325 |
Total Associated entities and Joint ventures | 7,525 | 7,622 | 8,772 |
Santander Vida Seguros y Reaseguros, S.A. (note 3) | |||
Disclosure of associates [line items] | |||
Joint venture entities | 378 | 381 | 170 |
Santander CACEIS Latam Holding 1, S.L. | |||
Disclosure of associates [line items] | |||
Joint venture entities | 334 | 326 | 349 |
U.C.I., S.A. - Consolidated | |||
Disclosure of associates [line items] | |||
Joint venture entities | 228 | 168 | 206 |
Fortune Auto Finance Co., LTD | |||
Disclosure of associates [line items] | |||
Joint venture entities | 222 | 172 | 155 |
Hyundai Capital UK Limited | |||
Disclosure of associates [line items] | |||
Joint venture entities | 201 | 151 | 135 |
Banco RCI Brasil S.A. | |||
Disclosure of associates [line items] | |||
Joint venture entities | 92 | 88 | 116 |
Other companies | |||
Disclosure of associates [line items] | |||
Joint venture entities | 237 | 206 | 194 |
Merlin Properties, SOCIMI, S.A. | |||
Disclosure of associates [line items] | |||
Associated entities | 1,640 | 1,581 | 1,511 |
Metrovacesa S.A. | |||
Disclosure of associates [line items] | |||
Associated entities | 1,087 | 1,157 | 1,226 |
Caceis | |||
Disclosure of associates [line items] | |||
Associated entities | 975 | 1,077 | 1,010 |
Zurich Santander Insurance America, S.L. - Consolidated | |||
Disclosure of associates [line items] | |||
Associated entities | 826 | 955 | 1,009 |
CNP Santander | |||
Disclosure of associates [line items] | |||
Associated entities | 418 | 439 | 402 |
Ebury Partners Limited (note 3) | |||
Disclosure of associates [line items] | |||
Associated entities | 394 | 388 | 0 |
Popular Spain Holding de Inversiones, S.L.U. (former Allianz Popular, S.L.) (note 3) | |||
Disclosure of associates [line items] | |||
Associated entities | 0 | 0 | 409 |
Project Quasar Investment 2017 S.L. | |||
Disclosure of associates [line items] | |||
Associated entities | € 0 | € 0 | 1,351 |
Ownership interest (as a percent) | 49.00% | 49.00% | |
Other companies | |||
Disclosure of associates [line items] | |||
Associated entities | € 493 | € 533 | € 529 |
Investments - Summary of goodwi
Investments - Summary of goodwill of the main investments in joint ventures and associates (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of associates [line items] | ||||
Goodwill | € 12,713 | € 12,471 | € 24,246 | € 25,466 |
Zurich Santander Insurance America, S.L. - Consolidated | ||||
Disclosure of associates [line items] | ||||
Goodwill | 526 | 526 | 526 | |
Caceis | ||||
Disclosure of associates [line items] | ||||
Goodwill | 337 | 337 | 466 | |
Associates and joint ventures | ||||
Disclosure of associates [line items] | ||||
Goodwill | € 1,723 | € 1,862 | € 2,043 |
Investments - Changes in invest
Investments - Changes in investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of associates [line items] | |||
Balance at beginning of year | € 7,622 | € 8,772 | € 7,588 |
Acquisitions (disposals) of companies and capital increases (reductions) | 94 | 676 | (123) |
Changes in the consolidation method (note 3) | 0 | (1,359) | 1,368 |
Effect of equity accounting | 432 | (96) | 324 |
Dividends distributed and reimbursements of share premium | (662) | (186) | (407) |
Other global result | (13) | (1) | 5 |
Exchange differences and other changes | 52 | (184) | 17 |
Balance at end of year | 7,525 | 7,622 | 8,772 |
Project Quasar Investment 2017 S.L. | |||
Disclosure of associates [line items] | |||
Changes in the consolidation method (note 3) | 0 | (956) | 0 |
Allianz Group | |||
Disclosure of associates [line items] | |||
Changes in the consolidation method (note 3) | 0 | (409) | 0 |
Dividends distributed and reimbursements of share premium | 0 | 0 | (52) |
Caceis | |||
Disclosure of associates [line items] | |||
Changes in the consolidation method (note 3) | 0 | 0 | 1,010 |
Dividends distributed and reimbursements of share premium | (144) | 0 | 0 |
Santander CACEIS Latam Holding 1, S.L. | |||
Disclosure of associates [line items] | |||
Changes in the consolidation method (note 3) | 0 | 0 | 349 |
Zurich Santander Insurance America, S.L. - Consolidated | |||
Disclosure of associates [line items] | |||
Dividends distributed and reimbursements of share premium | (230) | (80) | (158) |
CNP Santander | |||
Disclosure of associates [line items] | |||
Dividends distributed and reimbursements of share premium | (60) | 0 | (37) |
Metrovacesa S.A. | |||
Disclosure of associates [line items] | |||
Dividends distributed and reimbursements of share premium | (60) | 0 | (25) |
Merlin Properties, SOCIMI, S.A. | |||
Disclosure of associates [line items] | |||
Dividends distributed and reimbursements of share premium | (52) | (17) | (53) |
Ebury Partners Limited (note 3) | |||
Disclosure of associates [line items] | |||
Acquisitions (disposals) of companies and capital increases (reductions) | 0 | 409 | 0 |
Santander Vida Seguros y Reaseguros, S.A. (note 3) | |||
Disclosure of associates [line items] | |||
Acquisitions (disposals) of companies and capital increases (reductions) | 0 | 219 | 0 |
Dividends distributed and reimbursements of share premium | € (31) | € (37) | € (29) |
Investments - Summary of associ
Investments - Summary of associates and joint ventures (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of associates [line items] | ||||
TOTAL ASSETS | € 1,595,835 | € 1,508,250 | € 1,522,695 | |
TOTAL LIABILITIES | 1,498,782 | 1,416,928 | 1,412,036 | |
Profit (loss) | 9,653 | (7,708) | 8,116 | |
Other accumulated comprehensive income | (32,719) | (33,144) | (24,168) | |
Total equity | 97,053 | 91,322 | 110,659 | € 106,970 |
TOTAL LIABILITIES AND EQUITY | 1,595,835 | 1,508,250 | 1,522,695 | |
Ordinary activities income | 24,989 | 23,149 | 25,949 | |
Profit (loss) from continuing operations | 9,653 | (7,708) | 8,116 | |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) attributable to the parent | 8,124 | € (8,771) | € 6,515 | |
Aggregate amounts for entities accounted for using the equity method | Merlin Properties, SOCIMI, S.A. | ||||
Disclosure of associates [line items] | ||||
Current assets | 416 | |||
Non-current assets | 13,062 | |||
TOTAL ASSETS | 13,478 | |||
Current liabilities | 180 | |||
Non current liabilities | 6,602 | |||
TOTAL LIABILITIES | 6,782 | |||
Profit (loss) | 56 | |||
Other accumulated comprehensive income | (16) | |||
Rest of equity | 6,656 | |||
Total equity | 6,696 | |||
TOTAL LIABILITIES AND EQUITY | 13,478 | |||
Ordinary activities income | 417 | |||
Profit (loss) from continuing operations | 56 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Metrovacesa S.A. | ||||
Disclosure of associates [line items] | ||||
Current assets | 2,452 | |||
Non-current assets | 475 | |||
TOTAL ASSETS | 2,927 | |||
Current liabilities | 485 | |||
Non current liabilities | 262 | |||
TOTAL LIABILITIES | 747 | |||
Profit (loss) | (164) | |||
Other accumulated comprehensive income | 0 | |||
Rest of equity | 2,344 | |||
Total equity | 2,180 | |||
TOTAL LIABILITIES AND EQUITY | 2,927 | |||
Ordinary activities income | 150 | |||
Profit (loss) from continuing operations | (164) | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Caceis | ||||
Disclosure of associates [line items] | ||||
Current assets | 51,995 | |||
Non-current assets | 70,137 | |||
TOTAL ASSETS | 122,132 | |||
Current liabilities | 7,708 | |||
Non current liabilities | 110,259 | |||
TOTAL LIABILITIES | 117,967 | |||
Profit (loss) | 187 | |||
Other accumulated comprehensive income | 24 | |||
Rest of equity | 3,954 | |||
Total equity | 4,165 | |||
TOTAL LIABILITIES AND EQUITY | 122,132 | |||
Ordinary activities income | 2,196 | |||
Profit (loss) from continuing operations | 187 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Zurich Santander Insurance America, S.L. - Consolidated | ||||
Disclosure of associates [line items] | ||||
Current assets | 704 | |||
Non-current assets | 12,785 | |||
TOTAL ASSETS | 13,489 | |||
Current liabilities | 259 | |||
Non current liabilities | 12,441 | |||
TOTAL LIABILITIES | 12,700 | |||
Profit (loss) | 291 | |||
Other accumulated comprehensive income | (675) | |||
Rest of equity | 1,173 | |||
Total equity | 789 | |||
TOTAL LIABILITIES AND EQUITY | 13,489 | |||
Ordinary activities income | 3,841 | |||
Profit (loss) from continuing operations | 291 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | CNP Santander | ||||
Disclosure of associates [line items] | ||||
Current assets | 155 | |||
Non-current assets | 2,174 | |||
TOTAL ASSETS | 2,329 | |||
Current liabilities | 19 | |||
Non current liabilities | 1,878 | |||
TOTAL LIABILITIES | 1,897 | |||
Profit (loss) | 86 | |||
Other accumulated comprehensive income | 2 | |||
Rest of equity | 344 | |||
Total equity | 432 | |||
TOTAL LIABILITIES AND EQUITY | 2,329 | |||
Ordinary activities income | 785 | |||
Profit (loss) from continuing operations | 86 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Ebury Partners Limited | ||||
Disclosure of associates [line items] | ||||
Current assets | 688 | |||
Non-current assets | 93 | |||
TOTAL ASSETS | 781 | |||
Current liabilities | 768 | |||
Non current liabilities | 28 | |||
TOTAL LIABILITIES | 796 | |||
Profit (loss) | (69) | |||
Other accumulated comprehensive income | 1 | |||
Rest of equity | 53 | |||
Total equity | (15) | |||
TOTAL LIABILITIES AND EQUITY | 781 | |||
Ordinary activities income | 124 | |||
Profit (loss) from continuing operations | (69) | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Santander CACEIS Latam Holding 1, S.L. | ||||
Disclosure of associates [line items] | ||||
Current assets | 151 | |||
Non-current assets | 385 | |||
TOTAL ASSETS | 536 | |||
Current liabilities | 124 | |||
Non current liabilities | 9 | |||
TOTAL LIABILITIES | 133 | |||
Profit (loss) | 39 | |||
Other accumulated comprehensive income | (288) | |||
Rest of equity | 652 | |||
Total equity | 403 | |||
TOTAL LIABILITIES AND EQUITY | 536 | |||
Ordinary activities income | 115 | |||
Profit (loss) from continuing operations | 39 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | U.C.I., S.A. - Consolidated | ||||
Disclosure of associates [line items] | ||||
Current assets | 368 | |||
Non-current assets | 10,963 | |||
TOTAL ASSETS | 11,331 | |||
Current liabilities | 55 | |||
Non current liabilities | 10,856 | |||
TOTAL LIABILITIES | 10,911 | |||
Profit (loss) | 6 | |||
Other accumulated comprehensive income | (11) | |||
Rest of equity | 425 | |||
Total equity | 420 | |||
TOTAL LIABILITIES AND EQUITY | 11,331 | |||
Ordinary activities income | 239 | |||
Profit (loss) from continuing operations | 6 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Hyundai Capital UK Limited | ||||
Disclosure of associates [line items] | ||||
Current assets | 1,837 | |||
Non-current assets | 2,501 | |||
TOTAL ASSETS | 4,338 | |||
Current liabilities | 1,619 | |||
Non current liabilities | 2,317 | |||
TOTAL LIABILITIES | 3,936 | |||
Profit (loss) | 79 | |||
Other accumulated comprehensive income | 5 | |||
Rest of equity | 318 | |||
Total equity | 402 | |||
TOTAL LIABILITIES AND EQUITY | 4,338 | |||
Ordinary activities income | 845 | |||
Profit (loss) from continuing operations | 79 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Fortune Auto Finance Co., LTD | ||||
Disclosure of associates [line items] | ||||
Current assets | 670 | |||
Non-current assets | 2,511 | |||
TOTAL ASSETS | 3,181 | |||
Current liabilities | 34 | |||
Non current liabilities | 2,702 | |||
TOTAL LIABILITIES | 2,736 | |||
Profit (loss) | 61 | |||
Other accumulated comprehensive income | 25 | |||
Rest of equity | 359 | |||
Total equity | 445 | |||
TOTAL LIABILITIES AND EQUITY | 3,181 | |||
Ordinary activities income | 278 | |||
Profit (loss) from continuing operations | 61 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. | ||||
Disclosure of associates [line items] | ||||
Current assets | 112 | |||
Non-current assets | 1,666 | |||
TOTAL ASSETS | 1,778 | |||
Current liabilities | 193 | |||
Non current liabilities | 932 | |||
TOTAL LIABILITIES | 1,125 | |||
Profit (loss) | 76 | |||
Other accumulated comprehensive income | 1 | |||
Rest of equity | 576 | |||
Total equity | 653 | |||
TOTAL LIABILITIES AND EQUITY | 1,778 | |||
Ordinary activities income | 763 | |||
Profit (loss) from continuing operations | 76 | |||
Profit/(loss) after tax from discontinued operations | 0 | |||
Aggregate amounts for entities accounted for using the equity method | Banco RCI Brasil S.A. | ||||
Disclosure of associates [line items] | ||||
Current assets | 5 | |||
Non-current assets | 1,694 | |||
TOTAL ASSETS | 1,699 | |||
Current liabilities | 50 | |||
Non current liabilities | 1,408 | |||
TOTAL LIABILITIES | 1,458 | |||
Profit (loss) | 25 | |||
Other accumulated comprehensive income | (228) | |||
Rest of equity | 444 | |||
Total equity | 241 | |||
TOTAL LIABILITIES AND EQUITY | 1,699 | |||
Ordinary activities income | 165 | |||
Profit (loss) from continuing operations | 25 | |||
Profit/(loss) after tax from discontinued operations | € 0 |
Insurance contracts linked to_3
Insurance contracts linked to pensions (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of types of insurance contracts [line items] | |||
Assets arising from insurance contracts | € 149 | € 174 | € 192 |
Banco Santander, S.A. | |||
Disclosure of types of insurance contracts [line items] | |||
Assets arising from insurance contracts | € 149 | € 174 | € 192 |
Liabilities and assets under _3
Liabilities and assets under insurance contracts and reinsurance assets (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Direct insurance and reinsurance assumed | € 770 | € 910 | € 739 |
Reinsurance ceded | (283) | (261) | (292) |
Total (balance payable) | 487 | 649 | 447 |
Unearned premiums and unexpired risks | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Direct insurance and reinsurance assumed | 56 | 51 | 59 |
Reinsurance ceded | (50) | (45) | (52) |
Total (balance payable) | 6 | 6 | 7 |
Life insurance | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Direct insurance and reinsurance assumed | 209 | 189 | 206 |
Reinsurance ceded | (150) | (137) | (151) |
Total (balance payable) | 59 | 52 | 55 |
Unearned premiums and risks | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Direct insurance and reinsurance assumed | 146 | 126 | 139 |
Reinsurance ceded | (130) | (122) | (132) |
Total (balance payable) | 16 | 4 | 7 |
Mathematical provisions | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Direct insurance and reinsurance assumed | 63 | 63 | 67 |
Reinsurance ceded | (20) | (15) | (19) |
Total (balance payable) | 43 | 48 | 48 |
Claims outstanding | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Direct insurance and reinsurance assumed | 451 | 561 | 399 |
Reinsurance ceded | (55) | (59) | (55) |
Total (balance payable) | 396 | 502 | 344 |
Bonuses and rebates | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Direct insurance and reinsurance assumed | 20 | 23 | 22 |
Reinsurance ceded | (11) | (11) | (10) |
Total (balance payable) | 9 | 12 | 12 |
Other technical provisions | |||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | |||
Direct insurance and reinsurance assumed | 34 | 86 | 53 |
Reinsurance ceded | (17) | (9) | (24) |
Total (balance payable) | € 17 | € 77 | € 29 |
Tangible assets - Changes in ta
Tangible assets - Changes in tangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | € 32,735 | € 35,235 | |
Balance, at the end of the period | 33,321 | 32,735 | € 35,235 |
Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 2,722 | 4,921 | |
Balance, at the end of the period | 2,625 | 2,722 | 4,921 |
Gross carrying amount | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 50,560 | 53,012 | 52,893 |
Additions / disposals (net) due to change in the scope of consolidation | (191) | 1,073 | (20) |
Additions / disposals (net) | (359) | 1,310 | 4,701 |
Transfers, exchange differences and other items | 1,479 | (4,835) | (4,562) |
Balance, at the end of the period | 51,489 | 50,560 | 53,012 |
Gross carrying amount | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 3,948 | 5,686 | 6,693 |
Additions / disposals (net) due to change in the scope of consolidation | 1 | (37) | 0 |
Additions / disposals (net) | 96 | (1,339) | (997) |
Transfers, exchange differences and other items | 384 | (362) | (10) |
Balance, at the end of the period | 4,429 | 3,948 | 5,686 |
Accumulated depreciation | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (17,261) | (17,328) | (19,127) |
Additions / disposals (net) due to change in the scope of consolidation | 39 | (40) | 9 |
Additions / disposals (net) | 4,126 | 2,925 | 2,537 |
Charge for the year | (1,743) | (1,914) | (2,035) |
Transfers, exchange differences and other items | (2,563) | (904) | 1,288 |
Balance, at the end of the period | (17,402) | (17,261) | (17,328) |
Accumulated depreciation | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (1,217) | (765) | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | (3) | 0 |
Additions / disposals (net) | 44 | 167 | 37 |
Charge for the year | (612) | (706) | (807) |
Transfers, exchange differences and other items | (4) | 90 | 5 |
Balance, at the end of the period | (1,789) | (1,217) | (765) |
Impairment losses | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (564) | (449) | (916) |
Impairment charge for the year | (169) | (185) | (62) |
Releases | 19 | 11 | 17 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 64 | 23 | |
Transfers, exchange differences and other items | (115) | 36 | 512 |
Balance, at the end of the period | (765) | (564) | (449) |
Impairment losses | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (9) | 0 | 0 |
Impairment charge for the year | (13) | (4) | 0 |
Releases | 1 | 1 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 7 | 0 | |
Transfers, exchange differences and other items | (1) | (6) | 0 |
Balance, at the end of the period | (15) | (9) | 0 |
For own use | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 13,213 | 15,041 | |
Balance, at the end of the period | 13,259 | 13,213 | 15,041 |
For own use | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 2,722 | 4,921 | |
Balance, at the end of the period | 2,625 | 2,722 | 4,921 |
For own use | Gross carrying amount | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 24,896 | 27,108 | 25,428 |
Additions / disposals (net) due to change in the scope of consolidation | 66 | (16) | (5) |
Additions / disposals (net) | 781 | 827 | 1,863 |
Transfers, exchange differences and other items | (214) | (3,023) | (178) |
Balance, at the end of the period | 25,529 | 24,896 | 27,108 |
For own use | Gross carrying amount | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 3,948 | 5,686 | 6,693 |
Additions / disposals (net) due to change in the scope of consolidation | 1 | (37) | 0 |
Additions / disposals (net) | 96 | (1,339) | (997) |
Transfers, exchange differences and other items | 384 | (362) | (10) |
Balance, at the end of the period | 4,429 | 3,948 | 5,686 |
For own use | Accumulated depreciation | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (11,543) | (11,974) | (10,524) |
Additions / disposals (net) due to change in the scope of consolidation | (1) | (40) | 3 |
Additions / disposals (net) | 733 | 527 | 356 |
Charge for the year | (1,733) | (1,906) | (2,021) |
Transfers, exchange differences and other items | 529 | 1,850 | 212 |
Balance, at the end of the period | (12,015) | (11,543) | (11,974) |
For own use | Accumulated depreciation | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (1,217) | (765) | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | (3) | 0 |
Additions / disposals (net) | 44 | 167 | 37 |
Charge for the year | (612) | (706) | (807) |
Transfers, exchange differences and other items | (4) | 90 | 5 |
Balance, at the end of the period | (1,789) | (1,217) | (765) |
For own use | Impairment losses | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (140) | (93) | (61) |
Impairment charge for the year | (144) | (104) | (14) |
Releases | 10 | 4 | 8 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 61 | 20 | |
Transfers, exchange differences and other items | (42) | 33 | (26) |
Balance, at the end of the period | (255) | (140) | (93) |
For own use | Impairment losses | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (9) | 0 | 0 |
Impairment charge for the year | (13) | (4) | 0 |
Releases | 1 | 1 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 7 | 0 | |
Transfers, exchange differences and other items | (1) | (6) | 0 |
Balance, at the end of the period | (15) | (9) | 0 |
Leased out under an operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 18,559 | 19,221 | |
Balance, at the end of the period | 18,559 | 19,221 | |
Leased out under an operating lease | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | |
Balance, at the end of the period | 0 | 0 | 0 |
Leased out under an operating lease | Gross carrying amount | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 24,204 | 24,454 | 25,087 |
Additions / disposals (net) due to change in the scope of consolidation | (257) | 1,082 | 0 |
Additions / disposals (net) | (1,076) | 512 | 3,148 |
Transfers, exchange differences and other items | 1,552 | (1,844) | (3,781) |
Balance, at the end of the period | 24,423 | 24,204 | 24,454 |
Leased out under an operating lease | Gross carrying amount | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | 0 |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Leased out under an operating lease | Accumulated depreciation | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (5,585) | (5,210) | (8,404) |
Additions / disposals (net) due to change in the scope of consolidation | 40 | 0 | 0 |
Additions / disposals (net) | 3,390 | 2,387 | 2,149 |
Charge for the year | 0 | 0 | 0 |
Transfers, exchange differences and other items | (3,083) | (2,762) | 1,045 |
Balance, at the end of the period | (5,238) | (5,585) | (5,210) |
Leased out under an operating lease | Accumulated depreciation | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | 0 |
Charge for the year | 0 | 0 | 0 |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Leased out under an operating lease | Impairment losses | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (60) | (23) | (239) |
Impairment charge for the year | (17) | (70) | (12) |
Releases | 4 | 2 | 6 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | |
Transfers, exchange differences and other items | (29) | 31 | 222 |
Balance, at the end of the period | (102) | (60) | (23) |
Leased out under an operating lease | Impairment losses | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Impairment charge for the year | 0 | 0 | 0 |
Releases | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Investment property | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 963 | 973 | |
Balance, at the end of the period | 979 | 963 | 973 |
Investment property | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | |
Balance, at the end of the period | 0 | 0 | 0 |
Investment property | Gross carrying amount | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 1,460 | 1,450 | 2,378 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 7 | (15) |
Additions / disposals (net) | (64) | (29) | (310) |
Transfers, exchange differences and other items | 141 | 32 | (603) |
Balance, at the end of the period | 1,537 | 1,460 | 1,450 |
Investment property | Gross carrying amount | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | 0 |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Investment property | Accumulated depreciation | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (133) | (144) | (199) |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 6 |
Additions / disposals (net) | 3 | 11 | 32 |
Charge for the year | (10) | (8) | (14) |
Transfers, exchange differences and other items | (9) | 8 | 31 |
Balance, at the end of the period | (149) | (133) | (144) |
Investment property | Accumulated depreciation | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | 0 |
Charge for the year | 0 | 0 | 0 |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | 0 | 0 | 0 |
Investment property | Impairment losses | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | (364) | (333) | (616) |
Impairment charge for the year | (8) | (11) | (36) |
Releases | 5 | 5 | 3 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 3 | 3 | |
Transfers, exchange differences and other items | (44) | (28) | 316 |
Balance, at the end of the period | (408) | (364) | (333) |
Investment property | Impairment losses | Right-of-use for operating lease | |||
Changes in property, plant and equipment [abstract] | |||
Balance, at the beginning of the period | 0 | 0 | 0 |
Impairment charge for the year | 0 | 0 | 0 |
Releases | 0 | 0 | 0 |
Additions / disposals (net) due to change in the scope of consolidation | 0 | 0 | 0 |
Additions / disposals (net) | 0 | 0 | |
Transfers, exchange differences and other items | 0 | 0 | 0 |
Balance, at the end of the period | € 0 | € 0 | € 0 |
Tangible assets - Property, pla
Tangible assets - Property, plant and equipment owned (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Property, plant and equipment for own use | |||
Carrying amount | € 32,342 | € 31,772 | € 34,262 |
Property, plant and equipment for own use | |||
Property, plant and equipment for own use | |||
Carrying amount | 13,259 | 13,213 | 15,041 |
Property, plant and equipment for own use | Abroad | |||
Property, plant and equipment for own use | |||
Carrying amount | 6,753 | 6,299 | 7,737 |
Property, plant and equipment for own use | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 25,529 | 24,896 | 27,108 |
Property, plant and equipment for own use | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (12,015) | (11,543) | (11,974) |
Property, plant and equipment for own use | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | (255) | (140) | (93) |
Property, plant and equipment for own use | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 2,625 | 2,722 | 4,921 |
Land and buildings | |||
Property, plant and equipment for own use | |||
Carrying amount | 9,940 | 9,733 | 10,990 |
Land and buildings | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 13,855 | 13,081 | 13,972 |
Land and buildings | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (3,675) | (3,215) | (2,889) |
Land and buildings | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | (240) | (133) | (93) |
Land and buildings | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 2,570 | 2,716 | 4,908 |
IT equipment and fixtures | |||
Property, plant and equipment for own use | |||
Carrying amount | 1,208 | 1,146 | 1,187 |
IT equipment and fixtures | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 5,543 | 5,562 | 5,995 |
IT equipment and fixtures | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (4,335) | (4,416) | (4,808) |
IT equipment and fixtures | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | 0 | 0 | 0 |
IT equipment and fixtures | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 42 | 1 | 2 |
Furniture and vehicles | |||
Property, plant and equipment for own use | |||
Carrying amount | 2,028 | 2,231 | 2,736 |
Furniture and vehicles | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 5,982 | 6,085 | 6,952 |
Furniture and vehicles | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (3,954) | (3,854) | (4,216) |
Furniture and vehicles | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | 0 | 0 | 0 |
Furniture and vehicles | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 12 | 5 | 11 |
Construction in progress and other items | |||
Property, plant and equipment for own use | |||
Carrying amount | 83 | 103 | 128 |
Construction in progress and other items | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | 149 | 168 | 189 |
Construction in progress and other items | Accumulated depreciation | |||
Property, plant and equipment for own use | |||
Carrying amount | (51) | (58) | (61) |
Construction in progress and other items | Impairment losses | |||
Property, plant and equipment for own use | |||
Carrying amount | (15) | (7) | 0 |
Construction in progress and other items | Right-of-use for operating lease | Cost | |||
Property, plant and equipment for own use | |||
Carrying amount | € 0 | € 0 | € 0 |
Tangible assets - Leased out un
Tangible assets - Leased out under an operating lease (Details) - Vehicles - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of maturity analysis of operating lease payments [line items] | |||
Operating leases | € 19,083 | € 18,559 | € 19,221 |
Santander Consumer USA Holdings, Inc. | |||
Disclosure of maturity analysis of operating lease payments [line items] | |||
Operating leases | € 12,977 | € 13,455 | € 14,799 |
Tangible assets - Maturity of o
Tangible assets - Maturity of operating leases (Details) € in Millions | Dec. 31, 2021EUR (€) |
2022 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | € 3,030 |
2023 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | 3,814 |
2024 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | 5,644 |
2025 | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted operating lease payments to be received | € 872 |
Tangible assets - Investment pr
Tangible assets - Investment property (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Investment property | |||
Fair value of investment property | € 1,088 | € 1,055 | € 1,076 |
Gross unrealized gains | € 109 | € 92 | € 103 |
Intangible assets - Goodwill -
Intangible assets - Goodwill - Summary (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Cash-generating units information | ||||
Goodwill | € 12,713 | € 12,471 | € 24,246 | € 25,466 |
Banco Santander (Brasil) S.A. | ||||
Cash-generating units information | ||||
Goodwill | 3,219 | 3,109 | 4,388 | |
SAM Investment Holdings Limited | ||||
Cash-generating units information | ||||
Goodwill | 1,444 | 1,444 | 1,173 | |
Santander Consumer Germany | ||||
Cash-generating units information | ||||
Goodwill | 1,304 | 1,314 | 1,236 | |
Santander Bank Polska | ||||
Cash-generating units information | ||||
Goodwill | 1,095 | 1,104 | 2,427 | |
Santander Portugal | ||||
Cash-generating units information | ||||
Goodwill | 1,040 | 1,040 | 1,040 | |
Santander España | ||||
Cash-generating units information | ||||
Goodwill | 1,027 | 1,027 | 1,027 | |
Santander Consumer USA | ||||
Cash-generating units information | ||||
Goodwill | 979 | 904 | 2,143 | |
Santander Bank, National Association | ||||
Cash-generating units information | ||||
Goodwill | 643 | 594 | 1,828 | |
Santander UK | ||||
Cash-generating units information | ||||
Goodwill | 633 | 592 | 7,147 | |
Banco Santander - Chile | ||||
Cash-generating units information | ||||
Goodwill | 516 | 571 | 589 | |
Grupo Financiero Santander (México) | ||||
Cash-generating units information | ||||
Goodwill | 435 | 399 | 460 | |
Santander Consumer Nordics | ||||
Cash-generating units information | ||||
Goodwill | 224 | 216 | 496 | |
Other companies | ||||
Cash-generating units information | ||||
Goodwill | € 154 | € 157 | € 292 |
Intangible assets - Goodwill _2
Intangible assets - Goodwill - Changes (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Changes in goodwill | |||
Goodwill at beginning of period | € 12,471 | € 24,246 | € 25,466 |
Additions | 81 | 429 | 41 |
Impairment losses | (6) | (10,100) | (1,491) |
Disposals or changes in scope of consolidation | 0 | 0 | 0 |
Exchange differences and other items | 167 | (2,104) | 230 |
Goodwill at end of period | 12,713 | 12,471 | 24,246 |
SAM Investment Holdings Limited | |||
Changes in goodwill | |||
Additions | 0 | 271 | 0 |
Santander España | |||
Changes in goodwill | |||
Additions | 0 | 0 | 4 |
Santander UK | |||
Changes in goodwill | |||
Impairment losses | 0 | (6,101) | (1,491) |
Santander Bank Polska | |||
Changes in goodwill | |||
Impairment losses | 0 | (1,192) | 0 |
Santander Bank, National Association | |||
Changes in goodwill | |||
Impairment losses | 0 | (1,177) | 0 |
Santander Consumer USA | |||
Changes in goodwill | |||
Impairment losses | 0 | (1,153) | 0 |
Santander Consumer Nordics | |||
Changes in goodwill | |||
Impairment losses | € 0 | € (277) | € 0 |
Intangible assets - Goodwill _3
Intangible assets - Goodwill - Assumptions (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash-generating units information | |||
Impairment loss recognised in profit or loss, goodwill | € 6 | € 10,100 | € 1,491 |
Sensitivity analysis, discount rate adjustment, increase (in basis points) | 0.50% | ||
Sensitivity analysis, discount rate adjustment, decrease (in basis points) | 0.50% | ||
Sensitivity analysis, perpetuity growth rate adjustment, increase (in basis points) | 0.50% | ||
Sensitivity analysis, perpetuity growth rate adjustment, decrease (in basis points) | 0.50% | ||
Santander UK | |||
Cash-generating units information | |||
Impairment loss recognised in profit or loss, goodwill | € 1,491 | ||
Projected period | 5 years | ||
Discount rate (as a percent) | 9.20% | 9.50% | 8.50% |
Nominal perpetual growth rate (as a percent) | 2.30% | 2.30% | 2.50% |
Santander Bank Polska | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate (as a percent) | 10.30% | 10.00% | 9.20% |
Nominal perpetual growth rate (as a percent) | 3.50% | 3.50% | 3.50% |
Santander Consumer USA | |||
Cash-generating units information | |||
Projected period | 3 years | ||
Discount rate (as a percent) | 10.60% | 10.70% | 9.50% |
Nominal perpetual growth rate (as a percent) | 1.50% | 1.50% | 1.50% |
Santander Bank, National Association | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate (as a percent) | 11.60% | 11.60% | 9.60% |
Nominal perpetual growth rate (as a percent) | 3.00% | 2.50% | 3.60% |
Santander Consumer Germany | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate (as a percent) | 8.30% | 9.00% | 8.20% |
Nominal perpetual growth rate (as a percent) | 1.80% | 1.80% | 2.50% |
SAM Investment Holdings Limited | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate (as a percent) | 10.40% | 10.10% | 10.00% |
Nominal perpetual growth rate (as a percent) | 2.50% | 2.50% | 2.50% |
Santander Portugal | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate (as a percent) | 9.70% | 9.80% | 8.90% |
Nominal perpetual growth rate (as a percent) | 1.80% | 1.80% | 2.00% |
Santander Consumer Nordics | |||
Cash-generating units information | |||
Projected period | 5 years | ||
Discount rate (as a percent) | 9.90% | 10.10% | 8.60% |
Nominal perpetual growth rate (as a percent) | 2.00% | 2.00% | 2.50% |
Minimum | |||
Cash-generating units information | |||
Earnings projections based on financial budgets, approve period | 3 years | ||
Maximum | |||
Cash-generating units information | |||
Earnings projections based on financial budgets, approve period | 5 years |
Intangible assets - Other int_3
Intangible assets - Other intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Intangible assets - Other intangible assets | |||
Intangible assets, beginning balance | € 3,437 | € 3,441 | € 3,094 |
Net additions and disposals | 1,409 | 1,486 | 1,377 |
Change in scope of consolidation | 3 | 16 | (33) |
Amortization and impairment | (1,078) | (1,038) | (1,039) |
Exchange differences and other | 100 | (468) | 42 |
Intangible assets, end balance | 3,871 | 3,437 | 3,441 |
Impairment losses | 65 | 142 | 73 |
Gross carrying amount | |||
Intangible assets - Other intangible assets | |||
Intangible assets, beginning balance | 9,376 | 9,263 | 8,680 |
Net additions and disposals | 1,409 | 1,451 | 1,377 |
Change in scope of consolidation | 5 | (33) | (41) |
Amortization and impairment | 0 | 0 | 0 |
Application of amortization and impairment | (293) | (241) | (887) |
Exchange differences and other | 215 | (1,064) | 134 |
Intangible assets, end balance | 10,712 | 9,376 | 9,263 |
Accumulated amortisation | |||
Intangible assets - Other intangible assets | |||
Intangible assets, beginning balance | (5,809) | (5,686) | (5,432) |
Net additions and disposals | 0 | 35 | 0 |
Change in scope of consolidation | (2) | 49 | 8 |
Amortization and impairment | (1,013) | (896) | (966) |
Application of amortization and impairment | 232 | 105 | 806 |
Exchange differences and other | (115) | 584 | (102) |
Intangible assets, end balance | (6,707) | (5,809) | (5,686) |
Impairment losses | |||
Intangible assets - Other intangible assets | |||
Intangible assets, beginning balance | (130) | (136) | (154) |
Amortization and impairment | (65) | (142) | (73) |
Addition | (65) | (142) | (75) |
Liberations | 0 | 2 | |
Application of amortization and impairment | 61 | 136 | 81 |
Exchange differences and other | 0 | 12 | 10 |
Intangible assets, end balance | (134) | (130) | (136) |
Brand names | Gross carrying amount | |||
Intangible assets - Other intangible assets | |||
Intangible assets, beginning balance | 37 | 42 | 36 |
Net additions and disposals | 0 | 0 | 2 |
Change in scope of consolidation | 0 | 0 | 2 |
Application of amortization and impairment | (34) | 0 | 0 |
Exchange differences and other | 1 | (5) | 2 |
Intangible assets, end balance | € 4 | € 37 | € 42 |
IT developments | Minimum | |||
Intangible assets - Other intangible assets | |||
Estimated useful life | 3 years | 3 years | 3 years |
IT developments | Maximum | |||
Intangible assets - Other intangible assets | |||
Estimated useful life | 7 years | 7 years | 7 years |
IT developments | Gross carrying amount | |||
Intangible assets - Other intangible assets | |||
Intangible assets, beginning balance | € 7,900 | € 7,945 | € 7,134 |
Net additions and disposals | 1,325 | 1,123 | 1,374 |
Change in scope of consolidation | 4 | (34) | (19) |
Application of amortization and impairment | (212) | (224) | (639) |
Exchange differences and other | 172 | (910) | 95 |
Intangible assets, end balance | 9,189 | 7,900 | 7,945 |
IT developments | Accumulated amortisation | |||
Intangible assets - Other intangible assets | |||
Intangible assets, beginning balance | (5,307) | (5,139) | (4,743) |
Change in scope of consolidation | (1) | 49 | 4 |
Amortization and impairment | (922) | (792) | (874) |
Application of amortization and impairment | 178 | 88 | 570 |
Exchange differences and other | (97) | 487 | (96) |
Intangible assets, end balance | (6,149) | (5,307) | (5,139) |
Other | Gross carrying amount | |||
Intangible assets - Other intangible assets | |||
Intangible assets, beginning balance | 1,439 | 1,276 | 1,510 |
Net additions and disposals | 84 | 328 | 1 |
Change in scope of consolidation | 1 | 1 | (24) |
Application of amortization and impairment | (47) | (17) | (248) |
Exchange differences and other | 42 | (149) | 37 |
Intangible assets, end balance | 1,519 | 1,439 | 1,276 |
Other | Accumulated amortisation | |||
Intangible assets - Other intangible assets | |||
Intangible assets, beginning balance | (502) | (547) | (689) |
Net additions and disposals | 0 | 35 | 0 |
Change in scope of consolidation | (1) | 0 | 4 |
Amortization and impairment | (91) | (104) | (92) |
Application of amortization and impairment | 54 | 17 | 236 |
Exchange differences and other | (18) | 97 | (6) |
Intangible assets, end balance | € (558) | € (502) | € (547) |
Other assets (Details)
Other assets (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Miscellaneous assets [abstract] | |||
Transactions in transit | € 157 | € 88 | € 157 |
Net pension plan assets (note 25) | 1,990 | 635 | 903 |
Prepayments and accrued income | 2,610 | 2,806 | 3,129 |
Other (note 2.n) | 3,683 | 7,362 | 5,752 |
Other assets, total | € 8,440 | € 10,891 | € 9,941 |
Deposits from central banks a_3
Deposits from central banks and credit institutions (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Deposits [Line Items] | |||
Financial liabilities held for trading | € 79,469 | € 81,167 | € 77,139 |
Financial liabilities designated at fair value through profit or loss | 32,733 | 48,038 | 60,995 |
Financial liabilities at amortized cost | 1,349,169 | 1,248,188 | 1,230,745 |
Deposits with central banks | 193,102 | 137,047 | 75,353 |
Deposits with central banks, European central bank | € 99,530 | 71,324 | 28,182 |
Interest rate, deposits with central banks (in percentage) | (0.40%) | ||
TLRTO III | |||
Deposits [Line Items] | |||
Deposits from central banks at amortised cost due to participation in the refinancing operations program | € 88,894 | 77,732 | 46,201 |
Income from participation in refinancing operations program | 868 | 391 | |
Euro | |||
Deposits [Line Items] | |||
Total financial liabilities | 107,908 | 104,499 | 79,008 |
Pound sterling | |||
Deposits [Line Items] | |||
Total financial liabilities | 42,451 | 23,339 | 18,129 |
US dollar | |||
Deposits [Line Items] | |||
Total financial liabilities | 24,012 | 26,581 | 53,403 |
Brazilian real | |||
Deposits [Line Items] | |||
Total financial liabilities | 11,297 | 12,356 | 13,022 |
Other currencies | |||
Deposits [Line Items] | |||
Total financial liabilities | 15,521 | 17,904 | 11,601 |
Central banks and Credit institutions | |||
Deposits [Line Items] | |||
Total financial liabilities | 201,189 | 184,679 | 175,163 |
Central banks | |||
Deposits [Line Items] | |||
Financial liabilities held for trading | 1,038 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 607 | 2,490 | 12,854 |
Financial liabilities at amortized cost | 139,757 | 112,804 | 62,468 |
Total financial liabilities | 141,402 | 115,294 | 75,322 |
Central banks | Deposits on demand | |||
Deposits [Line Items] | |||
Total financial liabilities | 10 | 10 | 5 |
Central banks | Time deposits | |||
Deposits [Line Items] | |||
Total financial liabilities | 134,439 | 108,090 | 67,424 |
Central banks | Reverse repurchase agreements | |||
Deposits [Line Items] | |||
Total financial liabilities | 6,953 | 7,194 | 7,893 |
Credit institutions | |||
Deposits [Line Items] | |||
Financial liabilities held for trading | 6,488 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,064 | 6,765 | 9,340 |
Financial liabilities at amortized cost | 52,235 | 62,620 | 90,501 |
Total financial liabilities | 59,787 | 69,385 | 99,841 |
Credit institutions | Deposits on demand | |||
Deposits [Line Items] | |||
Total financial liabilities | 6,139 | 5,727 | 9,136 |
Credit institutions | Time deposits | |||
Deposits [Line Items] | |||
Total financial liabilities | 37,332 | 43,308 | 61,406 |
Credit institutions | Reverse repurchase agreements | |||
Deposits [Line Items] | |||
Total financial liabilities | 16,198 | 20,179 | 29,115 |
Credit institutions | Subordinated liabilities | |||
Deposits [Line Items] | |||
Total financial liabilities | € 118 | € 171 | € 184 |
Customer deposits (Details)
Customer deposits (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Customer Deposits [Line Items] | |||
Financial liabilities held for trading | € 79,469 | € 81,167 | € 77,139 |
Financial liabilities designated at fair value through profit or loss | 32,733 | 48,038 | 60,995 |
Financial liabilities at amortized cost | 1,349,169 | 1,248,188 | 1,230,745 |
Deposits | |||
Customer Deposits [Line Items] | |||
Financial liabilities held for trading | 13,667 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 27,279 | 43,598 | 57,111 |
Financial liabilities at amortized cost | 1,078,587 | 990,391 | 942,417 |
Customers | |||
Customer Deposits [Line Items] | |||
Financial liabilities held for trading | 6,141 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 25,608 | 34,343 | 34,917 |
Financial liabilities at amortized cost | 886,595 | 814,967 | 789,448 |
Total financial liabilities | 918,344 | 849,310 | 824,365 |
Customers | Deposits on demand | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 717,728 | 642,897 | 588,533 |
Customers | Current accounts | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 482,649 | 418,752 | 373,146 |
Customers | Savings accounts | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 227,318 | 216,500 | 208,701 |
Customers | Other demand deposits | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 7,761 | 7,645 | 6,686 |
Customers | Time deposits | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 164,259 | 171,939 | 196,921 |
Customers | Fixed-term deposits and other term deposits | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 162,172 | 170,127 | 194,163 |
Customers | Home-purchase savings accounts | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 38 | 43 | 44 |
Customers | Discount deposits | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 3 | 3 | 3 |
Customers | Hybrid financial liabilities | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 1,906 | 1,743 | 2,711 |
Customers | Subordinated liabilities | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 140 | 23 | 0 |
Customers | Repurchase agreements | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 36,357 | 34,474 | 38,911 |
Customers | Spain | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 319,565 | 294,516 | 271,103 |
Customers | European Union (excluding Spain) | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 112,361 | 106,013 | 334,542 |
Customers | United States and Puerto Rico | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 73,814 | 59,057 | 60,011 |
Customers | Other OECD countries | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | 321,607 | 306,243 | 71,235 |
Customers | South America | |||
Customer Deposits [Line Items] | |||
Total financial liabilities | € 90,997 | € 83,481 | € 87,474 |
Marketable debt securities - Br
Marketable debt securities - Breakdown (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Marketable debt securities | ||||
Financial liabilities held for trading | € 79,469 | € 81,167 | € 77,139 | |
Financial liabilities designated at fair value through profit or loss | 32,733 | 48,038 | 60,995 | |
Financial liabilities at amortized cost | 1,349,169 | 1,248,188 | 1,230,745 | |
Marketable debt securities | ||||
Marketable debt securities | ||||
Financial liabilities held for trading | 0 | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 5,454 | 4,440 | 3,758 | |
Financial liabilities at amortized cost | 240,709 | 230,829 | 258,219 | |
Total financial liabilities | 246,163 | 235,269 | 261,977 | |
Marketable debt securities | Bonds and Debentures and Subordinated Liabilities and Notes and Other Securities | ||||
Marketable debt securities | ||||
Total financial liabilities | 246,163 | 235,269 | 261,977 | |
Marketable debt securities | Bonds and debentures | ||||
Marketable debt securities | ||||
Total financial liabilities | 194,362 | 191,577 | 208,455 | € 195,498 |
Marketable debt securities | Subordinated liabilities | ||||
Marketable debt securities | ||||
Total financial liabilities | 25,938 | 21,686 | 20,878 | |
Marketable debt securities | Notes and other securities | ||||
Marketable debt securities | ||||
Total financial liabilities | € 25,863 | € 22,006 | € 32,644 |
Marketable debt securities - Bo
Marketable debt securities - Bonds and debentures maturities (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Marketable debt securities | |||
Notional amount | € 392,948 | € 360,626 | € 362,464 |
Within 1 month | |||
Marketable debt securities | |||
Notional amount | 27,317 | 20,056 | 25,057 |
1 to 3 months | |||
Marketable debt securities | |||
Notional amount | 20,340 | 30,936 | 24,694 |
3 to 12 months | |||
Marketable debt securities | |||
Notional amount | 78,813 | 101,855 | 96,106 |
More than 5 years | |||
Marketable debt securities | |||
Notional amount | 45,901 | 49,392 | 60,422 |
Marketable debt securities | |||
Marketable debt securities | |||
Financial liabilities | 246,163 | 235,269 | 261,977 |
Marketable debt securities | Debt securities issued | |||
Marketable debt securities | |||
Financial liabilities | 246,163 | ||
Notional amount | 247,009 | ||
Marketable debt securities | Debt securities issued | On demand | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Notional amount | 0 | ||
Marketable debt securities | Debt securities issued | Within 1 month | |||
Marketable debt securities | |||
Financial liabilities | 13,907 | ||
Notional amount | 14,067 | ||
Marketable debt securities | Debt securities issued | 1 to 3 months | |||
Marketable debt securities | |||
Financial liabilities | 18,358 | ||
Notional amount | 18,508 | ||
Marketable debt securities | Debt securities issued | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 30,473 | ||
Notional amount | 30,618 | ||
Marketable debt securities | Debt securities issued | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 72,949 | ||
Notional amount | 73,131 | ||
Marketable debt securities | Debt securities issued | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 46,222 | ||
Notional amount | 46,367 | ||
Marketable debt securities | Debt securities issued | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | 64,254 | ||
Notional amount | 64,318 | ||
Marketable debt securities | Subordinated debt | |||
Marketable debt securities | |||
Financial liabilities | 25,938 | 21,686 | 20,878 |
Notional amount | 25,774 | ||
Marketable debt securities | Subordinated debt | On demand | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Notional amount | 0 | ||
Marketable debt securities | Subordinated debt | Within 1 month | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Notional amount | 0 | ||
Marketable debt securities | Subordinated debt | 1 to 3 months | |||
Marketable debt securities | |||
Financial liabilities | 49 | ||
Notional amount | 49 | ||
Marketable debt securities | Subordinated debt | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 130 | ||
Notional amount | 129 | ||
Marketable debt securities | Subordinated debt | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 656 | ||
Notional amount | 652 | ||
Marketable debt securities | Subordinated debt | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 6,167 | ||
Notional amount | 6,128 | ||
Marketable debt securities | Subordinated debt | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | 18,936 | ||
Notional amount | 18,816 | ||
Marketable debt securities | Senior unsecured debt | |||
Marketable debt securities | |||
Financial liabilities | 111,434 | ||
Notional amount | 112,525 | ||
Marketable debt securities | Senior unsecured debt | On demand | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Notional amount | 0 | ||
Marketable debt securities | Senior unsecured debt | Within 1 month | |||
Marketable debt securities | |||
Financial liabilities | 3,033 | ||
Notional amount | 3,063 | ||
Marketable debt securities | Senior unsecured debt | 1 to 3 months | |||
Marketable debt securities | |||
Financial liabilities | 3,734 | ||
Notional amount | 3,771 | ||
Marketable debt securities | Senior unsecured debt | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 10,621 | ||
Notional amount | 10,725 | ||
Marketable debt securities | Senior unsecured debt | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 38,731 | ||
Notional amount | 39,110 | ||
Marketable debt securities | Senior unsecured debt | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 26,715 | ||
Notional amount | 26,976 | ||
Marketable debt securities | Senior unsecured debt | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | 28,600 | ||
Notional amount | 28,880 | ||
Marketable debt securities | Senior secured debt | |||
Marketable debt securities | |||
Financial liabilities | 82,928 | ||
Notional amount | 82,451 | ||
Marketable debt securities | Senior secured debt | On demand | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Notional amount | 0 | ||
Marketable debt securities | Senior secured debt | Within 1 month | |||
Marketable debt securities | |||
Financial liabilities | 1,673 | ||
Notional amount | 1,663 | ||
Marketable debt securities | Senior secured debt | 1 to 3 months | |||
Marketable debt securities | |||
Financial liabilities | 5,271 | ||
Notional amount | 5,241 | ||
Marketable debt securities | Senior secured debt | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 12,364 | ||
Notional amount | 12,293 | ||
Marketable debt securities | Senior secured debt | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 33,562 | ||
Notional amount | 33,369 | ||
Marketable debt securities | Senior secured debt | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 13,340 | ||
Notional amount | 13,263 | ||
Marketable debt securities | Senior secured debt | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | 16,718 | ||
Notional amount | 16,622 | ||
Marketable debt securities | Promissory notes and other securities | |||
Marketable debt securities | |||
Financial liabilities | 25,863 | € 22,006 | € 32,644 |
Notional amount | 26,259 | ||
Marketable debt securities | Promissory notes and other securities | On demand | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Notional amount | 0 | ||
Marketable debt securities | Promissory notes and other securities | Within 1 month | |||
Marketable debt securities | |||
Financial liabilities | 9,201 | ||
Notional amount | 9,341 | ||
Marketable debt securities | Promissory notes and other securities | 1 to 3 months | |||
Marketable debt securities | |||
Financial liabilities | 9,304 | ||
Notional amount | 9,447 | ||
Marketable debt securities | Promissory notes and other securities | 3 to 12 months | |||
Marketable debt securities | |||
Financial liabilities | 7,358 | ||
Notional amount | 7,471 | ||
Marketable debt securities | Promissory notes and other securities | 1 to 3 years | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Notional amount | 0 | ||
Marketable debt securities | Promissory notes and other securities | 3 to 5 years | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Notional amount | 0 | ||
Marketable debt securities | Promissory notes and other securities | More than 5 years | |||
Marketable debt securities | |||
Financial liabilities | 0 | ||
Notional amount | € 0 |
Marketable debt securities - _2
Marketable debt securities - Bonds and debentures by currency (Details) € in Millions, £ in Millions, R$ in Millions, $ in Millions, $ in Millions | Dec. 31, 2021EUR (€) | Dec. 31, 2021USD ($) | Dec. 31, 2021GBP (£) | Dec. 31, 2021BRL (R$) | Dec. 31, 2021CLP ($) | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) |
Marketable debt securities | ||||||||
Outstanding issue amount in foreign currency | € 392,948 | € 360,626 | € 362,464 | |||||
Euro | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 107,908 | 104,499 | 79,008 | |||||
US dollar | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 24,012 | 26,581 | 53,403 | |||||
Pound sterling | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 42,451 | 23,339 | 18,129 | |||||
Brazilian real | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 11,297 | 12,356 | 13,022 | |||||
Other currencies | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 15,521 | 17,904 | 11,601 | |||||
Marketable debt securities | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 246,163 | 235,269 | 261,977 | |||||
Marketable debt securities | Bonds and debentures | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 194,362 | 191,577 | 208,455 | € 195,498 | ||||
Marketable debt securities | Bonds and debentures | Euro | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | 90,348 | 89,031 | 89,008 | |||||
Outstanding issue amount in foreign currency | € 90,348 | |||||||
Annual interest rate (as a percent) | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% | |||
Marketable debt securities | Bonds and debentures | US dollar | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 66,581 | 61,174 | 64,952 | |||||
Outstanding issue amount in foreign currency | $ | $ 75,406 | |||||||
Annual interest rate (as a percent) | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% | |||
Marketable debt securities | Bonds and debentures | Pound sterling | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 13,340 | 16,569 | 20,178 | |||||
Outstanding issue amount in foreign currency | £ | £ 11,206 | |||||||
Annual interest rate (as a percent) | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% | |||
Marketable debt securities | Bonds and debentures | Brazilian real | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 9,131 | 8,398 | 15,292 | |||||
Outstanding issue amount in foreign currency | R$ | R$ 57702 | |||||||
Annual interest rate (as a percent) | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | |||
Marketable debt securities | Bonds and debentures | Chilean peso | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 3,757 | 5,624 | 6,848 | |||||
Outstanding issue amount in foreign currency | $ | $ 3,623,635 | |||||||
Annual interest rate (as a percent) | 5.03% | 5.03% | 5.03% | 5.03% | 5.03% | |||
Marketable debt securities | Bonds and debentures | Other currencies | ||||||||
Marketable debt securities | ||||||||
Financial liabilities | € 11,205 | € 10,781 | € 12,177 |
Marketable debt securities - Ch
Marketable debt securities - Changes in Bonds and Debentures (Details) - Marketable debt securities - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Changes in financial instruments, Liabilities | |||
Balance at beginning of year | € 235,269 | € 261,977 | |
Balance at year-end | 246,163 | 235,269 | € 261,977 |
Bonds and debentures | |||
Changes in financial instruments, Liabilities | |||
Balance at beginning of year | 191,577 | 208,455 | 195,498 |
Net inclusion of entities in the Group | 0 | 785 | 0 |
Issues | 59,937 | 54,905 | 64,184 |
Redemptions and repurchases | (61,846) | (62,699) | (52,462) |
Exchange differences and other movements | 4,694 | (9,869) | 1,235 |
Balance at year-end | 194,362 | 191,577 | 208,455 |
Bonds and debentures | Banco Santander, S.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 11,766 | 10,220 | 12,066 |
Redemptions and repurchases | (3,185) | (5,991) | (3,303) |
Bonds and debentures | Santander Consumer USA Holdings, Inc. | |||
Changes in financial instruments, Liabilities | |||
Issues | 15,771 | 12,246 | 15,631 |
Redemptions and repurchases | (15,151) | (13,959) | (14,517) |
Bonds and debentures | Banco Santander (Brasil) S.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 14,996 | 11,036 | 13,227 |
Redemptions and repurchases | (15,182) | (14,211) | (12,817) |
Bonds and debentures | Santander UK Group Holdings plc | |||
Changes in financial instruments, Liabilities | |||
Issues | 3,372 | 6,320 | 4,547 |
Redemptions and repurchases | (14,695) | (14,102) | (9,115) |
Bonds and debentures | Santander Consumo 4, F.T. | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,531 | 0 | 0 |
Bonds and debentures | SC Germany S.A., Compartment Consumer 2021-1 | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,496 | 0 | 0 |
Bonds and debentures | Santander Consumer Finance S.A. | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,169 | 2,394 | 5,150 |
Redemptions and repurchases | (3,779) | (4,371) | (2,550) |
Bonds and debentures | Banco Santander - Chile | |||
Changes in financial instruments, Liabilities | |||
Issues | 1,158 | 766 | 1,644 |
Redemptions and repurchases | (1,030) | (1,974) | (848) |
Bonds and debentures | Santander International Products, Plc | |||
Changes in financial instruments, Liabilities | |||
Issues | 914 | 1,588 | 848 |
Redemptions and repurchases | (345) | (324) | (722) |
Bonds and debentures | Auto ABS French Lease Master Compartiment 2016 | |||
Changes in financial instruments, Liabilities | |||
Issues | 900 | 300 | 300 |
Redemptions and repurchases | (900) | 0 | 0 |
Bonds and debentures | Santander Factoring Sp. z o.o. | |||
Changes in financial instruments, Liabilities | |||
Issues | 819 | 391 | 375 |
Redemptions and repurchases | (920) | (299) | (407) |
Bonds and debentures | PSA Banque France | |||
Changes in financial instruments, Liabilities | |||
Issues | 815 | 385 | 1,132 |
Redemptions and repurchases | (335) | (684) | 0 |
Bonds and debentures | Santander Consumer Bank AS | |||
Changes in financial instruments, Liabilities | |||
Issues | 779 | 773 | 1,572 |
Redemptions and repurchases | (348) | (936) | (1,551) |
Bonds and debentures | PSA Bank Deutschland GmbH | |||
Changes in financial instruments, Liabilities | |||
Issues | 600 | 0 | 1,104 |
Redemptions and repurchases | (580) | 0 | (902) |
Bonds and debentures | Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | |||
Changes in financial instruments, Liabilities | |||
Issues | 541 | 1,770 | 577 |
Bonds and debentures | PSA Financial Services, Spain, EFC, SA | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 605 | 0 |
Bonds and debentures | Group Santander Holdings USA | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 1,269 | 2,778 |
Redemptions and repurchases | (778) | (1,201) | (1,990) |
Bonds and debentures | SC Germany S.A., Compartment Consumer 2020-1 | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 1,800 | 0 |
Bonds and debentures | SCF Rahoituspalvelut IX DAC | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 650 | 0 |
Bonds and debentures | Santander Consumer Bank AG | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 500 | 750 |
Bonds and debentures | SCF Rahoituspalvelut VIII DAC | |||
Changes in financial instruments, Liabilities | |||
Issues | 0 | 0 | 799 |
Bonds and debentures | Banco Santander Totta, S.A. | |||
Changes in financial instruments, Liabilities | |||
Redemptions and repurchases | € (9) | € (784) | € (739) |
Marketable debt securities - Gu
Marketable debt securities - Guarantees and Spanish mortgage-market issues (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Guarantees | |||
Liabilities secured by mortgage-backed bonds | € 23,197 | ||
Covered bonds | |||
Guarantees | |||
Other asset - backed securities personal loans average maturities | 5 years | ||
Other asset - backed securities SME's average maturities | 7 years | ||
Covered bonds | Minimum | |||
Guarantees | |||
Mortgage-backed securities average maturities | 10 years | ||
Mortgage-backed bonds average maturities | 10 years | ||
Covered bonds | Maximum | |||
Guarantees | |||
Mortgage-backed securities loan-to-value ratio (as a percent) | 80.00% | ||
Mortgage-backed bonds loan-to-value ratio for home loans (as a percent) | 80.00% | ||
Mortgage-backed bonds loan-to-value ratio for other assets loans (as a percent) | 60.00% | ||
Marketable debt securities | |||
Guarantees | |||
Face value of the outstanding mortgage loans and credits that support the issuance of mortgage-backed and mortgage bonds pursuant to Royal Decree 716/2009 (excluding | € 83,088 | € 76,554 | € 84,720 |
Loans eligible to cover issues of mortgage-backed securities | 64,896 | 57,382 | 59,517 |
Transfers of assets retained on balance sheet: mortgage-backed certificates and other securitized mortgage assets | 11,133 | 17,610 | 14,569 |
Marketable debt securities | Covered bonds | |||
Guarantees | |||
Liabilities secured by asset-backed securities | 40,519 | 35,753 | 38,616 |
Liabilities secured by mortgage-backed securities | 1,487 | 2,274 | 3,819 |
Liabilities secured by other mortgage securities | 41,779 | 49,425 | 50,269 |
Liabilities secured by mortgage-backed bonds | 23,197 | 24,736 | 24,736 |
Liabilities secured by territorial covered bond | 630 | 869 | 1,270 |
Liabilities secured by financial assets | € 82,928 | € 86,047 | € 90,155 |
Marketable debt securities - Mo
Marketable debt securities - Mortgage-backed bonds (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Guarantees | ||
Mortgage-backed bonds | € 23,197 | |
Santander Consumer Finance S.A. | ||
Guarantees | ||
Mortgage-backed bonds | 450 | |
Banco Santander, S.A. | ||
Guarantees | ||
Mortgage-backed bonds | € 22,747 | € 22,266 |
Subordinated liabilities - Brea
Subordinated liabilities - Breakdown (Details) € in Millions, £ in Millions, R$ in Millions, $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2021EUR (€) | Dec. 31, 2021USD ($) | Dec. 31, 2021GBP (£) | Dec. 31, 2021BRL (R$) | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | |
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 26,196 | € 21,880 | € 21,062 | € 23,820 | |||
Financial liabilities at amortised cost | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | 26,196 | 21,880 | 21,062 | ||||
Financial liabilities at amortised cost | Euro | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 13,857 | 13,570 | 12,542 | ||||
Annual interest rate (as percent) | 3.52% | ||||||
Financial liabilities at amortised cost | US dollar | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 8,236 | $ 9,328 | 5,991 | 6,506 | |||
Annual interest rate (as percent) | 4.92% | ||||||
Financial liabilities at amortised cost | Pound sterling | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 1,535 | £ 1,289 | 565 | 655 | |||
Annual interest rate (as percent) | 4.36% | ||||||
Financial liabilities at amortised cost | Brazilian real | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 879 | R$ 5555 | 0 | 0 | |||
Annual interest rate (as percent) | 9.65% | ||||||
Financial liabilities at amortised cost | Other currencies | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Outstanding issue amount | € 1,689 | € 1,754 | € 1,359 |
Subordinated liabilities - Chan
Subordinated liabilities - Changes (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Financial instruments | |||
Balance at beginning of year | € 21,880 | € 21,062 | € 23,820 |
Balance at end of year | 26,196 | 21,880 | 21,062 |
Financial liabilities at amortised cost | |||
Financial instruments | |||
Balance at beginning of year | 21,880 | 21,062 | |
Net inclusion of entities in the Group | 0 | 0 | 0 |
Placements | 5,340 | 4,075 | 1,090 |
Redemptions and repurchases | (1,500) | (2,838) | (4,009) |
Exchange differences and other movements | 476 | (419) | 161 |
Balance at end of year | 26,196 | 21,880 | 21,062 |
Net issuances, redemptions and repurchases | 3,840 | ||
Interest paid in remuneration of issuances | 1,184 | ||
Financial liabilities at amortised cost | Banco Santander (Brasil) S.A. | |||
Financial instruments | |||
Placements | 871 | 0 | 0 |
Redemptions and repurchases | 0 | 0 | (124) |
Financial liabilities at amortised cost | Banco Santander - Chile | |||
Financial instruments | |||
Placements | 0 | 353 | 0 |
Financial liabilities at amortised cost | PSA Bank Deutschland GmbH | |||
Financial instruments | |||
Placements | 0 | 0 | 23 |
Financial liabilities at amortised cost | Banca PSA Italia S.p.A. | |||
Financial instruments | |||
Placements | 0 | 0 | 11 |
Financial liabilities at amortised cost | Santander UK | |||
Financial instruments | |||
Redemptions and repurchases | 0 | (740) | (16) |
Financial liabilities at amortised cost | Santander UK Group Holdings plc | |||
Financial instruments | |||
Redemptions and repurchases | 0 | (316) | 0 |
Financial liabilities at amortised cost | Santander Bank, National Association | |||
Financial instruments | |||
Redemptions and repurchases | 0 | (111) | (19) |
Financial liabilities at amortised cost | Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | |||
Financial instruments | |||
Redemptions and repurchases | 0 | 0 | (69) |
Financial liabilities at amortised cost | Banco Santander, S.A. | |||
Financial instruments | |||
Placements | 4,469 | 3,722 | 1,056 |
Redemptions and repurchases | € (1,500) | € (1,671) | € (3,782) |
Subordinated liabilities - Othe
Subordinated liabilities - Other disclosures (Details) € in Thousands, £ in Millions, zł in Millions, R$ in Millions, CLF in Millions, $ in Millions | Nov. 22, 2021EUR (€) | Oct. 04, 2021EUR (€) | Sep. 21, 2021EUR (€) | May 12, 2021EUR (€) | Oct. 22, 2020EUR (€) | Jan. 14, 2020EUR (€) | Apr. 20, 2019PLN (zł) | Feb. 08, 2019EUR (€) | Oct. 01, 2018 | Mar. 19, 2018EUR (€) | Feb. 08, 2018EUR (€) | Sep. 29, 2017EUR (€) | Nov. 30, 2021BRL (R$) | Dec. 31, 2020EUR (€) | Jun. 30, 2020USD ($) | Apr. 30, 2020USD ($)debenture | Dec. 31, 2020EUR (€) | Dec. 31, 2021EUR (€) | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Nov. 22, 2021USD ($) | Oct. 04, 2021GBP (£) | Sep. 11, 2021EUR (€) | May 12, 2021USD ($) | Dec. 31, 2020USD ($) | Jun. 30, 2020CLF | Apr. 30, 2020CLF | Mar. 31, 2020EUR (€) | May 19, 2019EUR (€) | May 19, 2019USD ($) | Feb. 08, 2019USD ($) | Dec. 31, 2018EUR (€) | Oct. 31, 2018USD ($) | Apr. 25, 2017EUR (€) | Dec. 30, 2016USD ($) | Jan. 29, 2014USD ($) |
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 360,626,000 | € 360,626,000 | € 392,948,000 | € 360,626,000 | € 362,464,000 | |||||||||||||||||||||||||||||||
Initial interest rate term | 6 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 4.375% | |||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.534% | |||||||||||||||||||||||||||||||||||
Outstanding issue amount | 21,880,000 | € 21,880,000 | 26,196,000 | 21,880,000 | 21,062,000 | € 23,820,000 | ||||||||||||||||||||||||||||||
Interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||||
Mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in September 2021 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 1,000,000 | |||||||||||||||||||||||||||||||||||
Initial interest rate term | 8 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 3.625% | |||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 3.76% | |||||||||||||||||||||||||||||||||||
Notional amount, placed on the market | € 997,000 | |||||||||||||||||||||||||||||||||||
Interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||||
Mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in March 2018 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Outstanding issue amount | € 1,500,000 | |||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in May 2021 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 1,578,000 | |||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in May 2021, series in Dollars | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 828,000 | $ 1,000 | ||||||||||||||||||||||||||||||||||
Initial interest rate term | 6 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 4.75% | 4.75% | ||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 3.753% | 3.753% | ||||||||||||||||||||||||||||||||||
Interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||||
UST rate term | 5 years | |||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in May 2021, series in Euros | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 750,000 | |||||||||||||||||||||||||||||||||||
Initial interest rate term | 7 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 4.125% | 4.125% | ||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.311% | 4.311% | ||||||||||||||||||||||||||||||||||
Interest rate reprice term | 5 years | |||||||||||||||||||||||||||||||||||
Mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in March 2020 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 1,500,000 | |||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in January 2020 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 1,500,000 | |||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in April 2019 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Outstanding issue amount | € 1,345,000 | $ 1,500 | ||||||||||||||||||||||||||||||||||
Issuance of PPCC by Banco Santander S.A. in February 2019 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Initial interest rate term | 5 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 7.50% | 7.50% | ||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.989% | 4.989% | ||||||||||||||||||||||||||||||||||
Outstanding issue amount | € 1,056,000 | $ 1,200 | ||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in September 2017 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 1,000,000 | € 750,000 | ||||||||||||||||||||||||||||||||||
Initial interest rate term | 6 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 5.25% | |||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.999% | |||||||||||||||||||||||||||||||||||
Mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||||
Issuance By Banco Santander S.a. In April2017 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Initial interest rate term | 5 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 6.75% | |||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 6.803% | |||||||||||||||||||||||||||||||||||
Mid-swap rate term | 5 years | |||||||||||||||||||||||||||||||||||
Issuance by Santander Bank Polska S.A. in April 2018 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 1.60% | |||||||||||||||||||||||||||||||||||
Outstanding issue amount | zł | zł 1,000 | |||||||||||||||||||||||||||||||||||
Issuance By Banco Santander S.a. In March2018 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Initial interest rate term | 7 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 4.75% | |||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 4.10% | |||||||||||||||||||||||||||||||||||
Outstanding issue amount | € 1,500,000 | |||||||||||||||||||||||||||||||||||
Issuance by Banco Santander S.A. in February 2018 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 2.125% | |||||||||||||||||||||||||||||||||||
Outstanding issue amount | € 1,250,000 | |||||||||||||||||||||||||||||||||||
Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México | Issuance by Banco Santander Mexico S.A. in October 2018 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 5.95% | |||||||||||||||||||||||||||||||||||
Outstanding issue amount | $ | $ 1,300 | |||||||||||||||||||||||||||||||||||
Percentage of perpetual subordinated notes acquired | 75.00% | |||||||||||||||||||||||||||||||||||
Subordinated debentures | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Accrued interest | 571,000 | € 571,000 | 648,000 | 571,000 | 645,000 | |||||||||||||||||||||||||||||||
Increase in accrued interest | € 566,000 | 552,000 | € 595,000 | |||||||||||||||||||||||||||||||||
Subordinated debentures | Issuance by Banco Santander S.A. in November 2021 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Subordinated issue, term | 11 years | |||||||||||||||||||||||||||||||||||
Notional amount | € 1,007,000 | $ 1,000 | ||||||||||||||||||||||||||||||||||
Initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 3.225% | 3.225% | ||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 1.60% | 1.60% | ||||||||||||||||||||||||||||||||||
US government bond term | 1 year | |||||||||||||||||||||||||||||||||||
Subordinated debentures | Issuance by Banco Santander S.A. in October 2021 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Subordinated issue, term | 11 years | |||||||||||||||||||||||||||||||||||
Notional amount | € 887,000 | £ 850 | ||||||||||||||||||||||||||||||||||
Initial interest rate term | 6 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 2.25% | 2.25% | ||||||||||||||||||||||||||||||||||
Adjustment to reference rate, after initial interest rate period | 1.65% | 1.65% | ||||||||||||||||||||||||||||||||||
UK government bond term | 5 years | |||||||||||||||||||||||||||||||||||
Subordinated debentures | Issuance by Banco Santander S.A. in December 2020 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 1,222,000 | € 1,222,000 | € 1,222,000 | $ 1,500 | ||||||||||||||||||||||||||||||||
Initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 2.749% | 2.749% | 2.749% | 2.749% | ||||||||||||||||||||||||||||||||
Subordinated debentures | Issuance by Banco Santander S.A. in October 2020 | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | € 1,000,000 | |||||||||||||||||||||||||||||||||||
Initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 1.625% | |||||||||||||||||||||||||||||||||||
Subordinated debentures | Banco Santander - Chile | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | $ 185 | $ 100 | CLF 5 | CLF 3 | ||||||||||||||||||||||||||||||||
Initial interest rate term | 15 years | 14 years | ||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 3.50% | 3.15% | 3.50% | 3.15% | ||||||||||||||||||||||||||||||||
Interest rate reprice term | 19 years | |||||||||||||||||||||||||||||||||||
Number of subordinated debentures issued | debenture | 2 | |||||||||||||||||||||||||||||||||||
Subordinated Financial Bills (TIER II) | Banco Santander (Brasil) S.A. | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Initial interest rate term | 10 years | |||||||||||||||||||||||||||||||||||
Interest rate (as a percent) | 2.00% | |||||||||||||||||||||||||||||||||||
Outstanding issue amount | R$ | R$ 5500 | |||||||||||||||||||||||||||||||||||
Tier 1 Perpetual Subordinated Notes | Banco Santander (Brasil) S.A. | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | $ | $ 1,248 | |||||||||||||||||||||||||||||||||||
Percentage of perpetual subordinated notes acquired | 89.60% | |||||||||||||||||||||||||||||||||||
Common Equity Tier 1 Ratio (CET1) maximum threshold percentage for conversion of the subordinated issue | 5.125% | |||||||||||||||||||||||||||||||||||
Perpetual Subordinated Notes | Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México | ||||||||||||||||||||||||||||||||||||
Financial instruments | ||||||||||||||||||||||||||||||||||||
Notional amount | $ | $ 500 | |||||||||||||||||||||||||||||||||||
Percentage of perpetual subordinated notes acquired | 88.20% | |||||||||||||||||||||||||||||||||||
Common Equity Tier 1 Ratio (CET1) maximum threshold percentage for conversion of the subordinated issue | 5.125% |
Other financial liabilities (De
Other financial liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Other Financial Liabilities [Abstract] | |||
Trade payables | € 1,475 | € 1,177 | € 1,279 |
Clearing houses | 650 | 599 | 165 |
Public Institutions | 5,315 | 4,122 | 4,122 |
Factoring accounts payable | 275 | 222 | 409 |
Unsettled financial transactions | 3,779 | 5,080 | 3,693 |
Lease liabilities | 2,856 | 3,049 | 5,108 |
Other financial liabilities | 15,523 | 12,719 | 15,459 |
Other financial liabilities, total | € 29,873 | € 26,968 | € 30,235 |
Other financial liabilities - L
Other financial liabilities - Lease Liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other Financial Liabilities [Abstract] | |||
Cash outflow of leases | € 715 | € 789 | € 946 |
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 2,856 | 3,049 | 5,108 |
Within 1 year | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 690 | 594 | 766 |
Between 1 and 3 years | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 933 | 981 | 1,254 |
Between 3 and 5 years | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 534 | 637 | 875 |
Later than 5 years | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | € 699 | € 837 | € 2,213 |
Provisions - Summary (Details)
Provisions - Summary (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of provision matrix [line items] | ||||
Provisions | € 9,583 | € 10,852 | € 13,987 | € 13,225 |
Pensions and other post-retirement obligations | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 3,185 | 3,976 | 6,358 | 5,558 |
Other long term employee benefits | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 1,242 | 1,751 | 1,382 | 1,239 |
Taxes and other legal contingencies | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 1,996 | 2,200 | 3,057 | |
Contingent liabilities and commitments | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 733 | 700 | 739 | € 779 |
Other provisions | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | € 2,427 | € 2,225 | € 2,451 |
Provisions - Changes (Details)
Provisions - Changes (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of provision matrix [line items] | |||
Balances at beginning of year | € 10,852 | € 13,987 | € 13,225 |
Incorporation of Group companies, net | (8) | (1) | |
Additions charged to income | 2,978 | 2,549 | 3,707 |
Interest expense (note 39) | 91 | 95 | 145 |
Staff costs (note 47) | 73 | 76 | 72 |
Provisions or reversion of provisions | 2,814 | 2,378 | 3,490 |
Addition | 3,713 | 3,541 | 5,421 |
Release | (899) | (1,163) | (1,931) |
Other additions arising from insurance contracts linked to pensions | (8) | 2 | 4 |
Changes in value recognised in equity | (1,705) | 547 | 1,520 |
Payments to pensioners and pre-retirees with a charge to internal provisions | (806) | (711) | (943) |
Benefits paid due to settlements | (1,551) | 0 | |
Insurance premiums paid | (1) | (1) | |
Payments to external funds | (440) | (333) | (455) |
Amounts used | (2,961) | (2,485) | (2,907) |
Transfer, exchange differences and other changes | 1,673 | (1,144) | (162) |
Balances at end of year | 9,583 | 10,852 | 13,987 |
Post employment plans | |||
Disclosure of provision matrix [line items] | |||
Balances at beginning of year | 3,976 | 6,358 | 5,558 |
Incorporation of Group companies, net | (5) | 0 | |
Additions charged to income | 100 | (217) | 173 |
Interest expense (note 39) | 78 | 84 | 128 |
Staff costs (note 47) | 67 | 69 | 65 |
Provisions or reversion of provisions | (45) | (370) | (20) |
Addition | 21 | 6 | 10 |
Release | (66) | (376) | (30) |
Other additions arising from insurance contracts linked to pensions | (8) | 2 | 4 |
Changes in value recognised in equity | (1,705) | 547 | 1,520 |
Payments to pensioners and pre-retirees with a charge to internal provisions | (201) | (303) | (331) |
Benefits paid due to settlements | (1,551) | 0 | |
Insurance premiums paid | (1) | (1) | |
Payments to external funds | (440) | (333) | (455) |
Amounts used | 0 | 0 | 0 |
Transfer, exchange differences and other changes | 1,463 | (521) | (110) |
Balances at end of year | 3,185 | 3,976 | 6,358 |
Long term employee benefits | |||
Disclosure of provision matrix [line items] | |||
Balances at beginning of year | 1,751 | 1,382 | 1,239 |
Incorporation of Group companies, net | 0 | (1) | |
Additions charged to income | 101 | 782 | 729 |
Interest expense (note 39) | 13 | 11 | 17 |
Staff costs (note 47) | 6 | 7 | 7 |
Provisions or reversion of provisions | 82 | 764 | 705 |
Addition | 154 | 787 | 713 |
Release | (72) | (23) | (8) |
Other additions arising from insurance contracts linked to pensions | 0 | 0 | 0 |
Changes in value recognised in equity | 0 | 0 | 0 |
Payments to pensioners and pre-retirees with a charge to internal provisions | (605) | (408) | (612) |
Benefits paid due to settlements | 0 | 0 | |
Insurance premiums paid | 0 | 0 | |
Payments to external funds | 0 | 0 | 0 |
Amounts used | 0 | 0 | 0 |
Transfer, exchange differences and other changes | (5) | (5) | 27 |
Balances at end of year | 1,242 | 1,751 | 1,382 |
Contingent liabilities and commitments | |||
Disclosure of provision matrix [line items] | |||
Balances at beginning of year | 700 | 739 | 779 |
Incorporation of Group companies, net | (1) | 0 | |
Additions charged to income | 29 | 50 | (31) |
Interest expense (note 39) | 0 | 0 | 0 |
Staff costs (note 47) | 0 | 0 | 0 |
Provisions or reversion of provisions | 29 | 50 | (31) |
Addition | 473 | 490 | 422 |
Release | (444) | (440) | (453) |
Other additions arising from insurance contracts linked to pensions | 0 | 0 | 0 |
Changes in value recognised in equity | 0 | 0 | 0 |
Payments to pensioners and pre-retirees with a charge to internal provisions | 0 | 0 | 0 |
Benefits paid due to settlements | 0 | 0 | |
Insurance premiums paid | 0 | 0 | |
Payments to external funds | 0 | 0 | 0 |
Amounts used | 0 | 0 | 0 |
Transfer, exchange differences and other changes | 4 | (88) | (9) |
Balances at end of year | 733 | 700 | 739 |
Other provisions | |||
Disclosure of provision matrix [line items] | |||
Balances at beginning of year | 4,425 | 5,508 | 5,649 |
Incorporation of Group companies, net | (2) | 0 | |
Additions charged to income | 2,748 | 1,934 | 2,836 |
Interest expense (note 39) | 0 | 0 | 0 |
Staff costs (note 47) | 0 | 0 | 0 |
Provisions or reversion of provisions | 2,748 | 1,934 | 2,836 |
Addition | 3,065 | 2,258 | 4,276 |
Release | (317) | (324) | (1,440) |
Other additions arising from insurance contracts linked to pensions | 0 | 0 | 0 |
Changes in value recognised in equity | 0 | 0 | 0 |
Payments to pensioners and pre-retirees with a charge to internal provisions | 0 | 0 | 0 |
Benefits paid due to settlements | 0 | 0 | |
Insurance premiums paid | 0 | 0 | |
Payments to external funds | 0 | 0 | 0 |
Amounts used | (2,961) | (2,485) | (2,907) |
Transfer, exchange differences and other changes | 211 | (530) | (70) |
Balances at end of year | € 4,423 | € 4,425 | € 5,508 |
Provisions - Pensions and simil
Provisions - Pensions and similar obligations (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of provision matrix [line items] | ||||
Provisions | € 9,583 | € 10,852 | € 13,987 | € 13,225 |
Provisions for defined benefits | 4,419 | 5,719 | 7,731 | |
Spain | ||||
Disclosure of provision matrix [line items] | ||||
Provisions for pre-retirements | 1,176 | 1,676 | 1,303 | |
Provisions For Pensions And Similar Obligations Member | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 4,427 | 5,727 | 7,740 | |
Provisions for post-employment plans | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 3,185 | 3,976 | 6,358 | 5,558 |
Provisions for post-employment plans | Spain | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 1,709 | 1,881 | 3,951 | |
Provisions for post-employment plans | United Kingdom | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 44 | 449 | 329 | |
Provisions for post-employment plans | Other subsidiaries | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 1,432 | 1,646 | 2,078 | |
Provisions for other similar obligations | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 1,242 | 1,751 | 1,382 | € 1,239 |
Provisions for other similar obligations | Spain | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 1,188 | 1,695 | 1,321 | |
Provisions for other similar obligations | Other subsidiaries | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | € 54 | € 56 | € 61 |
Provisions - Spanish entities -
Provisions - Spanish entities - Post employment plans and other similar obligations (Details) € in Millions | Jul. 08, 2021EUR (€)numberOfPerson | Dec. 31, 2020EUR (€) | Dec. 31, 2019employees | Dec. 31, 2021EUR (€)numberOfPersonnumberOfAnnuities | Dec. 31, 2020EUR (€)numberOfPerson | Dec. 31, 2019EUR (€) |
Employee Benefits | ||||||
Provisions recognized to cover expenses of pre-retirement and voluntary redundancy offers | € 688 | € 139 | € 84 | € 688 | ||
Number of estimate beneficiaries exercising voluntary option of substitution of life annuity for lump sum payment | numberOfPerson | 3,572 | |||||
Number of employees accepted the pre-retirement and voluntary redundancy offers | numberOfPerson | 1,468 | 443 | ||||
Number of maximum equal annuities | numberOfAnnuities | 5 | |||||
Number of beneficiaries exercising voluntary option of substitution of life annuity for lump sum payment | employees | 15,613 | |||||
Benefits paid in lump sum settlement | € 1,551 | |||||
Reduction in post employment liability | 362 | |||||
Contributions to defined contribution pension funds | € 286 | 283 | 292 | |||
Discount rate actuarial assumptions | ||||||
Sensitivity analysis for actuarial assumptions | ||||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | (8.67%) | |||||
Spain | ||||||
Employee Benefits | ||||||
Contributions to defined contribution pension funds | € 91 | € 89 | € 89 | |||
Actuarial assumptions | ||||||
Annual discount rate | 0.60% | 0.90% | 0.60% | |||
Spain | Other long term employee benefits | ||||||
Actuarial assumptions | ||||||
Annual discount rate | 0.60% | 0.80% | 0.90% | 0.60% | 0.80% | |
Mortality tables | PE2020 M/F Col. Orden 1 | PE2020 M/F Col. Orden 1 | PERM/F-2000 | |||
Cumulative annual CPI growth | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | |
Annual benefit increase rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
Sensitivity analysis for actuarial assumptions | ||||||
Expected rate of return on plan assets | 0.60% | 0.80% | 0.90% | 0.60% | 0.80% | |
Spain | Pensions and other post-retirement obligations | ||||||
Actuarial assumptions | ||||||
Annual discount rate | 0.60% | 0.80% | 0.90% | 0.60% | 0.80% | |
Mortality tables | PE2020 M/F Col. Orden 1 | PE2020 M/F Col. Orden 1 | PERM/F-2000 | |||
Cumulative annual CPI growth | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | |
Annual salary increase rate | 1.25% | 1.25% | 1.25% | |||
Annual pension increase rate | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | |
Sensitivity analysis for actuarial assumptions | ||||||
Expected rate of return on plan assets | 0.60% | 0.80% | 0.90% | 0.60% | 0.80% | |
Expected rate of return on reimbursement rights | 0.60% | 0.80% | 0.90% | 0.60% | 0.80% | |
Spain | Post-employment plans | Present value of defined benefit obligation | ||||||
Employee Benefits | ||||||
Payments in respect of settlements | € 166 | € 166 | € 1,551 | € 0 | ||
Effect of settlement | € 36 | € 61 | € 372 | € 29 | ||
Spain | Discount rate actuarial assumptions | ||||||
Sensitivity analysis for actuarial assumptions | ||||||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | |||||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | |||||
Spain | Discount rate actuarial assumptions | Other long term employee benefits | ||||||
Sensitivity analysis for actuarial assumptions | ||||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | 1.18% | |||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | (1.18%) | |||||
Spain | Discount rate actuarial assumptions | Pensions and other post-retirement obligations | ||||||
Sensitivity analysis for actuarial assumptions | ||||||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | 5.00% | |||||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | (5.06%) |
Provisions - Spanish Entities_2
Provisions - Spanish Entities - Funding status (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Insurance contracts linked to pensions (note 14) | € 149 | € 174 | € 192 |
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||
Total defined benefit expenses recognized in the consolidated income statements | 73 | 76 | 72 |
Actuarial gains and losses on defined benefit pension plans | 1,567 | (25) | (1,677) |
Post-employment plans | |||
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||
Current service cost | 5 | 10 | 12 |
Interest cost (net) | 24 | 26 | 53 |
Expected return on insurance contracts linked to pensions | (1) | (1) | (2) |
Actuarial (gains)/losses recognised in the year | 0 | 0 | 0 |
Past service cost | 13 | 2 | 3 |
Pre-retirement cost | 0 | 0 | 1 |
Other | (39) | (372) | (29) |
Total defined benefit expenses recognized in the consolidated income statements | 2 | (335) | 38 |
Other similar obligations | |||
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||
Current service cost | 1 | 1 | 1 |
Interest cost (net) | 11 | 9 | 15 |
Expected return on insurance contracts linked to pensions | 0 | 0 | 0 |
Actuarial (gains)/losses recognised in the year | (15) | (3) | 7 |
Past service cost | 0 | 0 | 1 |
Pre-retirement cost | 139 | 772 | 687 |
Other | (55) | (15) | (2) |
Total defined benefit expenses recognized in the consolidated income statements | 81 | 764 | 709 |
Spain | |||
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||
Actuarial gains and losses on defined benefit pension plans | (37) | 84 | 278 |
Spain | Post-employment plans | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
To current employees | 29 | 60 | 59 |
Vested obligations to retired employees | 2,797 | 3,318 | 5,393 |
To pre-retirees employees | 0 | 0 | 0 |
Long-service bonuses and other benefits | 0 | 0 | 0 |
Other | 65 | 41 | 42 |
Present value of the obligations | 2,891 | 3,419 | 5,494 |
Less - Fair value of plan assets | 1,217 | 1,542 | 1,547 |
Provisions - Provisions for pensions | 1,674 | 1,877 | 3,947 |
Internal provisions for pensions | 1,560 | 1,707 | 3,759 |
Net Pension Assets | (30) | 0 | 0 |
Insurance contracts linked to pensions (note 14) | 149 | 174 | 192 |
Unrecognised net assets for pensions | (5) | (4) | (4) |
Spain | Other similar obligations | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
To current employees | 0 | 0 | 0 |
Vested obligations to retired employees | 0 | 0 | 0 |
To pre-retirees employees | 1,186 | 1,688 | 1,317 |
Long-service bonuses and other benefits | 12 | 18 | 18 |
Other | 0 | 1 | 0 |
Present value of the obligations | 1,198 | 1,707 | 1,335 |
Less - Fair value of plan assets | 10 | 12 | 14 |
Provisions - Provisions for pensions | 1,188 | 1,695 | 1,321 |
Internal provisions for pensions | 1,188 | 1,695 | 1,321 |
Net Pension Assets | 0 | 0 | 0 |
Insurance contracts linked to pensions (note 14) | 0 | 0 | 0 |
Unrecognised net assets for pensions | € 0 | € 0 | € 0 |
Provisions - Spanish Entities_3
Provisions - Spanish Entities - Present value of obligations (Details) - EUR (€) € in Millions | Jul. 08, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of net defined benefit liability (asset) [line items] | ||||
Financial actuarial (gains)/losses | € 1,567 | |||
Spain | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Financial actuarial (gains)/losses | (37) | |||
Spain | Present value of defined benefit obligation | Post-employment plans | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net defined benefit liability (asset) at beginning of period | 3,419 | € 5,494 | € 5,427 | |
Incorporation of Group companies, net | 6 | 0 | 0 | |
Current service cost | 5 | 10 | 12 | |
Interest cost | 36 | 39 | 72 | |
Pre-retirement cost | 0 | 0 | 1 | |
Effect of curtailment/settlement | € (36) | (61) | (372) | (29) |
Benefits paid | (248) | (359) | (400) | |
Benefits paid due to settlements | € (166) | (166) | (1,551) | 0 |
Past service cost | 13 | 2 | 3 | |
Actuarial (gains)/losses | (121) | 163 | 407 | |
Demographic actuarial (gains)/losses | 9 | 91 | 15 | |
Financial actuarial (gains)/losses | (130) | 72 | 392 | |
Exchange differences and other items | 8 | (7) | 1 | |
Net defined benefit liability (asset) at end of period | 2,891 | 3,419 | 5,494 | |
Spain | Present value of defined benefit obligation | Other similar obligations | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net defined benefit liability (asset) at beginning of period | 1,707 | 1,335 | 1,204 | |
Incorporation of Group companies, net | 0 | 0 | (1) | |
Current service cost | 1 | 1 | 1 | |
Interest cost | 11 | 9 | 15 | |
Pre-retirement cost | 139 | 772 | 687 | |
Effect of curtailment/settlement | (55) | (15) | (2) | |
Benefits paid | (589) | (392) | (599) | |
Benefits paid due to settlements | 0 | 0 | 0 | |
Past service cost | 0 | 0 | 1 | |
Actuarial (gains)/losses | (15) | (3) | 7 | |
Demographic actuarial (gains)/losses | (8) | (8) | (9) | |
Financial actuarial (gains)/losses | (7) | 5 | 16 | |
Exchange differences and other items | (1) | 0 | 22 | |
Net defined benefit liability (asset) at end of period | € 1,198 | € 1,707 | € 1,335 |
Provisions - Spanish Entities_4
Provisions - Spanish Entities - Fair value of plan assets and insurance contracts linked to pensions (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Insurance contracts linked to pensions | |||
Fair value of insurance contracts linked to pensions at beginning of year | € 174 | € 192 | |
Fair value of insurance contracts linked to pensions at end of year | 149 | 174 | € 192 |
Post-employment plans | |||
Insurance contracts linked to pensions | |||
Expected return on insurance contracts linked to pensions | 1 | 1 | 2 |
Other similar obligations | |||
Insurance contracts linked to pensions | |||
Expected return on insurance contracts linked to pensions | 0 | 0 | 0 |
Spain | Post-employment plans | |||
Insurance contracts linked to pensions | |||
Fair value of insurance contracts linked to pensions at beginning of year | 174 | 192 | 210 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Expected return on insurance contracts linked to pensions | 1 | 1 | 2 |
Benefits paid | (19) | (21) | (24) |
Paid premiums | 1 | 0 | 0 |
Actuarial gains/(losses) | (8) | 2 | 4 |
Fair value of insurance contracts linked to pensions at end of year | 149 | 174 | 192 |
Spain | Other similar obligations | |||
Insurance contracts linked to pensions | |||
Fair value of insurance contracts linked to pensions at beginning of year | 0 | 0 | 0 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Expected return on insurance contracts linked to pensions | 0 | 0 | 0 |
Benefits paid | 0 | 0 | 0 |
Paid premiums | 0 | 0 | 0 |
Actuarial gains/(losses) | 0 | 0 | 0 |
Fair value of insurance contracts linked to pensions at end of year | 0 | 0 | 0 |
Spain | Plan Assets | Post-employment plans | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | 1,542 | 1,547 | 1,500 |
Incorporation of Group companies, net | 6 | 0 | 0 |
Expected return on plan assets | 12 | 13 | 19 |
Gains/(losses) on settlements | (22) | 0 | 0 |
Benefits paid | (263) | (94) | (108) |
Contributions/(surrenders) | 15 | 5 | 8 |
Actuarial gains/(losses) | (76) | 76 | 128 |
Exchange differences and other items | 3 | (5) | 0 |
Fair value of plan assets at end of year | 1,217 | 1,542 | 1,547 |
Spain | Plan Assets | Other similar obligations | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | 12 | 14 | 15 |
Incorporation of Group companies, net | 0 | 0 | 0 |
Expected return on plan assets | 0 | 0 | 0 |
Gains/(losses) on settlements | 0 | 0 | 0 |
Benefits paid | (2) | (2) | (2) |
Contributions/(surrenders) | 0 | 0 | 0 |
Actuarial gains/(losses) | 0 | 0 | 0 |
Exchange differences and other items | 0 | 0 | 1 |
Fair value of plan assets at end of year | € 10 | € 12 | € 14 |
Provisions - Spanish Entities_5
Provisions - Spanish Entities - Estimated benefit payable (Details) - Spain € in Millions | Dec. 31, 2021EUR (€) |
2022 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 606 |
2023 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 466 |
2024 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 402 |
2025 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 333 |
2026 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 284 |
2027 to 2031 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 904 |
Provisions - United Kingdom ent
Provisions - United Kingdom entities - Post employment plans and other similar obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Employee Benefits | |||
Contributions to defined contribution pension funds | € 286 | € 283 | € 292 |
Discount rate actuarial assumptions | |||
Sensitivity analysis for actuarial assumptions | |||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | (8.67%) | ||
United Kingdom | |||
Employee Benefits | |||
Contributions to defined contribution pension funds | € 89 | € 91 | € 93 |
Actuarial assumptions | |||
Annual discount rate | 1.90% | 1.28% | 2.11% |
Mortality tables | The S3 Middletables weightedat 84% of theCMI_2020projection withan initial additionof 0.15%,smoothingparameter 7 and improving 1.25%. | The S3 Middletables weightedat 84% of theCMI_2018projection withan initial additionof 0.15%,smoothingparameter 7 andimproving1.25%. | The S3 Middletables weightedat 84% of theCMI_2018projection withan initial additionof 0.15%,smoothingparameter 7 andimproving1.25%. |
Cumulative annual CPI growth | 3.37% | 2.95% | 3.01% |
Annual salary increase rate | 1.00% | 1.00% | 1.00% |
Annual pension increase rate | 3.21% | 2.85% | 2.91% |
United Kingdom | Discount rate actuarial assumptions | |||
Sensitivity analysis for actuarial assumptions | |||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | ||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | 9.74% | ||
United Kingdom | Inflation rate assumption | |||
Sensitivity analysis for actuarial assumptions | |||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | ||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (6.00%) | ||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | 6.19% |
Provisions - United Kingdom E_2
Provisions - United Kingdom Entities - Funding status (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||
Total defined benefit expenses recognized in the consolidated income statements | € 73 | € 76 | € 72 |
Actuarial gains and losses on defined benefit pension plans | 1,567 | (25) | (1,677) |
United Kingdom | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Present value of the obligations | 15,392 | 15,472 | 14,297 |
Fair value of plan assets | 17,244 | 15,575 | 14,755 |
Provisions - Provisions for pensions | (1,852) | (103) | (458) |
Internal provisions for pensions | 44 | 449 | 329 |
Net assets for pensions | (1,896) | (552) | (787) |
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||
Current service cost | 33 | 30 | 27 |
Interest cost, net | (6) | (12) | (24) |
Provisions or reversal of provisions, net | |||
Cost of services provided | 6 | 0 | 0 |
Others | 0 | (1) | 0 |
Total defined benefit expenses recognized in the consolidated income statements | 33 | 17 | 3 |
Actuarial gains and losses on defined benefit pension plans | € (1,475) | € 568 | € (601) |
Provisions - United Kingdom E_3
Provisions - United Kingdom Entities - Present value of obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Financial actuarial (gains)/losses | € 1,567 | ||
United Kingdom | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Financial actuarial (gains)/losses | (1,475) | ||
United Kingdom | Present value of defined benefit obligation | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net defined benefit liability (asset) at beginning of period | 15,472 | € 14,297 | € 12,079 |
Current service cost | 33 | 30 | 27 |
Interest cost | 219 | 284 | 352 |
Benefits paid | (465) | (445) | (441) |
Contributions made by employees | 18 | 17 | 18 |
Past service cost | 6 | 0 | 0 |
Actuarial (gains)/losses | (933) | 2,060 | 1,594 |
Demographic actuarial (gains)/losses | (17) | 34 | 48 |
Financial actuarial (gains)/losses | (916) | 2,026 | 1,546 |
Exchange differences and other items | 1,042 | (771) | 668 |
Net defined benefit liability (asset) at end of period | € 15,392 | € 15,472 | € 14,297 |
Provisions - United Kingdom E_4
Provisions - United Kingdom Entities - Fair value of plan assets and plan assets allocation (Details) - United Kingdom - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Equity instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 10.00% | 9.00% | 12.00% |
Debt instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 51.00% | 55.00% | 46.00% |
Properties | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 10.00% | 10.00% | 11.00% |
Other | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 29.00% | 26.00% | 31.00% |
Plan Assets | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | € 15,575 | € 14,755 | € 12,887 |
Expected return on plan assets | 225 | 296 | 376 |
Benefits paid | (463) | (443) | (441) |
Contributions | 285 | 274 | 244 |
Actuarial gains/(losses) | 541 | 1,492 | 993 |
Exchange differences and other items | 1,081 | (799) | 696 |
Fair value of plan assets at end of year | € 17,244 | € 15,575 | € 14,755 |
Provisions - United Kingdom E_5
Provisions - United Kingdom Entities - Estimated benefit payable (Details) - United Kingdom € in Millions | Dec. 31, 2021EUR (€) |
2022 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 462 |
2023 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 367 |
2024 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 393 |
2025 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 408 |
2026 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 433 |
2027 to 2031 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 2,481 |
Provisions - Other Foreign Subs
Provisions - Other Foreign Subsidiaries - Post employment plans and other similar obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Employee Benefits | |||
Contributions to defined contribution pension funds | € 286 | € 283 | € 292 |
Discount rate actuarial assumptions | |||
Sensitivity analysis for actuarial assumptions | |||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | (8.67%) | ||
Other Foreign Countries | |||
Employee Benefits | |||
Contributions to defined contribution pension funds | € 106 | € 103 | € 110 |
Other Foreign Countries | Discount rate actuarial assumptions | |||
Sensitivity analysis for actuarial assumptions | |||
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | ||
Increase or decrease on obligations if increase in actuarial assumption (as a percent) | 4.78% | ||
Increase or decrease on obligations if decrease in actuarial assumption (as a percent) | (4.40%) | ||
Brazil | |||
Actuarial assumptions | |||
Cumulative annual CPI growth | 3.00% | ||
Mortality tables | AT - 2000 Basic | ||
Brazil | Minimum | |||
Actuarial assumptions | |||
Annual discount rate | 8.39% | ||
Brazil | Maximum | |||
Actuarial assumptions | |||
Annual discount rate | 8.44% |
Provisions - Other Foreign Su_2
Provisions - Other Foreign Subsidiaries - Funding status (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||
Actuarial gains and losses on defined benefit pension plans | € 1,567 | € (25) | € (1,677) |
Other Foreign Countries | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Present value of the obligations | 8,018 | 8,434 | 10,717 |
Charge to the participants | 106 | 112 | 176 |
Fair value of plan assets | 7,167 | 7,182 | 8,826 |
Provisions - Provisions for pensions | 745 | 1,140 | 1,715 |
Internal provisions for pensions | 1,478 | 1,694 | 2,129 |
Net assets for pensions | (64) | (83) | (116) |
Unrecognised net assets for pensions | (669) | (471) | (298) |
Amounts recognized in the consolidated income statements in relation to the aforementioned defined benefit obligations | |||
Current service cost | 34 | 35 | 32 |
Interest cost, net | 62 | 72 | 101 |
Actuarial (gains)/losses recognised in the year | 11 | 11 | 12 |
Past service cost | 3 | 5 | 6 |
Pre-retirement cost | (24) | 0 | 0 |
Other | (3) | (5) | (1) |
Total defined benefit expenses (income) recognised in the consolidated income statements | 83 | 118 | 150 |
Actuarial gains and losses on defined benefit pension plans | (193) | € (105) | € 641 |
Brazil | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Present value of the obligations | 5,111 | ||
Charge to the participants | 106 | ||
Fair value of plan assets | 5,288 | ||
Provisions - Provisions for pensions | (283) | ||
Internal provisions for pensions | 432 | ||
Net assets for pensions | (46) | ||
Unrecognised net assets for pensions | € (669) |
Provisions - Other Foreign Su_3
Provisions - Other Foreign Subsidiaries - Present value of obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Financial actuarial (gains)/losses | € 1,567 | ||
Other Foreign Countries | Present value of defined benefit obligation | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net defined benefit liability (asset) at beginning of period | 8,434 | € 10,717 | € 9,116 |
Incorporation of Group companies, net | (5) | (84) | 0 |
Current service cost | 34 | 35 | 32 |
Interest cost | 429 | 465 | 651 |
Pre-retirement cost | (24) | 0 | 0 |
Effect of curtailment/settlement | (3) | (5) | (1) |
Benefits paid | (538) | (544) | (666) |
Contributions made by employees | 3 | 3 | 5 |
Past service cost | 3 | 5 | 6 |
Actuarial (gains)/losses | (486) | 176 | 1,652 |
Demographic actuarial (gains)/losses | 16 | 23 | 3 |
Financial actuarial (gains)/losses | (502) | 153 | 1,649 |
Exchange differences and other items | 171 | (2,334) | (78) |
Net defined benefit liability (asset) at end of period | € 8,018 | € 8,434 | € 10,717 |
Provisions - Other Foreign Su_4
Provisions - Other Foreign Subsidiaries - Fair value of plan assets and plan assets allocation (Details) - Other Foreign Countries - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Equity instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 12.00% | 11.00% | 8.00% |
Debt instruments | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 83.00% | 84.00% | 84.00% |
Properties | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 1.00% | 1.00% | 1.00% |
Other | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Plan assets as a percentage of total plan assets | 4.00% | 4.00% | 7.00% |
Plan Assets | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Fair value of plan assets at beginning of year | € 7,182 | € 8,826 | € 7,743 |
Incorporation of Group companies, net | (6) | (86) | 0 |
Expected return on plan assets | 411 | 410 | 573 |
Benefits paid | (478) | (488) | (613) |
Contributions | 152 | 63 | 214 |
Actuarial gains/(losses) | (155) | 536 | 1,021 |
Exchange differences and other items | 61 | (2,079) | (112) |
Fair value of plan assets at end of year | € 7,167 | € 7,182 | € 8,826 |
Provisions - Other Foreign Su_5
Provisions - Other Foreign Subsidiaries - Estimated benefit payable (Details) - Other Foreign Countries € in Millions | Dec. 31, 2021EUR (€) |
2022 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 538 |
2023 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 544 |
2024 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 550 |
2025 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 555 |
2026 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | 560 |
2027 to 2031 | |
Disclosure of net defined benefit liability (asset) [line items] | |
Estimated future benefit payable | € 2,870 |
Provisions - Other provisions (
Provisions - Other provisions (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of provision matrix [line items] | ||||
Provisions | € 9,583 | € 10,852 | € 13,987 | € 13,225 |
Other combined provisions | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 4,423 | 4,425 | 5,508 | € 5,649 |
Provisions for taxes | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 564 | 600 | 759 | |
Provisions for other legal proceedings | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 1,104 | 1,163 | 1,522 | |
Provision for customer remediation | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 745 | 395 | 725 | |
Regulatory framework-related provisions | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 36 | 69 | 67 | |
Provision for restructuring | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 749 | 810 | 641 | |
Other | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 897 | 951 | 1,018 | |
Spain | Other combined provisions | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 1,595 | 1,647 | 1,381 | |
European Union (excluding Spain) | Other combined provisions | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 779 | 539 | 1,100 | |
Other Foreign Countries Not Including Countries in EU | Other combined provisions | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 2,049 | 2,239 | 3,027 | |
Brazil | Other combined provisions | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 1,339 | 1,475 | 2,484 | |
Brazil | Provisions for employment-related proceedings (Brazil) | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 328 | € 437 | € 776 | |
Additional provisions charged to income statement | 155 | |||
Offset in part by the use of the available provisions | 289 | |||
Brazil | Provisions for other legal proceedings | ||||
Disclosure of provision matrix [line items] | ||||
Additional provisions charged to income statement | 168 | |||
Offset in part by the use of the available provisions | 205 | |||
United Kingdom | Regulatory framework-related provisions | ||||
Disclosure of provision matrix [line items] | ||||
Additional provisions charged to income statement | 69 | |||
Offset in part by the use of the available provisions | 104 | |||
Poland | Provision for customer remediation | ||||
Disclosure of provision matrix [line items] | ||||
Increase (decrease) due to exchange rate effects | 319 | |||
Poland | Regulatory framework-related provisions | ||||
Disclosure of provision matrix [line items] | ||||
Additional provisions charged to income statement | 131 | |||
UK & Portugal | Provision for restructuring | ||||
Disclosure of provision matrix [line items] | ||||
Offset in part by the use of the available provisions | € 598 |
Provisions - Litigation and oth
Provisions - Litigation and other matters (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of provision matrix [line items] | ||||
Provisions | € 9,583 | € 10,852 | € 13,987 | € 13,225 |
Banco Santander (Brasil) S.A. and Other Group Companies in Brazil | Legal case appeal related to deduction of expenses in income tax | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 0 | |||
Banco Santander (Brasil) S.A. and Other Group Companies in Brazil | Legal case related to Brazilian tax authorities not admitting compensation with credits derived from other tax concepts | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 0 | |||
Banco Santander (Brasil) S.A. | ||||
Disclosure of provision matrix [line items] | ||||
Tax legal obligations with probable loss risk | 848 | |||
Tax litigation with possible loss risk | 3,690 | |||
Banco Santander (Brasil) S.A. | Legal case appeal related to deduction of expenses in income tax | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 0 | |||
Banco Santander (Brasil) S.A. | Legal case related to tax deductibility of amortization of goodwill arising on acquisition | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | 0 | |||
Banco Santander (Brasil) S.A. | Legal case related to infringement notices initiated by tax authorities regarding the offsetting of tax losses | ||||
Disclosure of provision matrix [line items] | ||||
Provisions | € 0 |
Provisions - Non-tax-related pr
Provisions - Non-tax-related proceedings (Details) € in Millions, £ in Millions, zł in Millions | Jan. 13, 2022EUR (€) | Dec. 31, 2021EUR (€)entity | Dec. 09, 2021EUR (€) | Sep. 16, 2021EUR (€) | May 07, 2021shares | May 16, 2021EUR (€) | Dec. 31, 2021EUR (€)entity | Dec. 31, 2021EUR (€)entity | Dec. 31, 1999shares | Dec. 31, 1994branch | Dec. 31, 2021GBP (£)entity | Dec. 31, 2021PLN (zł)entity | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) |
Disclosure of provision matrix [line items] | ||||||||||||||||
Provisions | € 9,583 | € 9,583 | € 9,583 | € 10,852 | € 13,987 | € 13,225 | ||||||||||
Compensation sought in litigation claim | € 112 | 61.9 | ||||||||||||||
Compensation to be paid | € 67.8 | |||||||||||||||
Amount claimed in litigation | 1,050 | |||||||||||||||
Amount of sons involved in testamentary trust | branch | 4 | |||||||||||||||
Amount of shares to be transferred by trustee (in shares) | shares | 36,700,000 | 36,700,000 | ||||||||||||||
Maximum loss | 250 | |||||||||||||||
Santander Bank Polska and Santander Consumer Bank Poland | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Mortgage loans denominated in, or indexed to, CHF | 2,083 | 2,083 | 2,083 | zł 9,265 | ||||||||||||
Litigation | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Compensation to be paid, corrected | € 51.4 | |||||||||||||||
Compensation to be paid in shares, corrected | € 18.6 | |||||||||||||||
Banco Popular Espanol Sa | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Expected cost | € 680 | |||||||||||||||
Estimated cost of compensation to shareholders and bondholders applied to the commercial loyalty program | € 535 | |||||||||||||||
German shares investigation | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Provisions | € 0 | |||||||||||||||
Reimbursement liability from standstill agreement termination | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Provisions | € 739 | € 739 | € 739 | £ 636 | ||||||||||||
Amount of entities involved in legal dispute | entity | 2 | 2 | 2 | 2 | 2 | |||||||||||
Legal case to request court judgment on the validity of the swaps | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Arbitration matter, amount claimed by entity | € 66 | |||||||||||||||
Arbitration matter, amount claimed by counterparty | 57 | |||||||||||||||
Arbitration matter, amount to be received | € 66 | |||||||||||||||
Arbitration matter, amount of interest to be received | € 11 | |||||||||||||||
Conversion of active loans from swiss francs to PLN loans | Santander Bank Polska and Santander Consumer Bank Poland | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Provisions | € 447 | € 447 | 447 | zł 2,056 | ||||||||||||
Conversion of active loans from swiss francs to PLN loans | Santander Bank Polska and Santander Consumer Bank Poland | Portion Of Provision Charged | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Provisions | 319 | 319 | 319 | zł 1,453 | ||||||||||||
"Planos Econmicos" | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Provisions | 277 | 277 | € 277 | |||||||||||||
Period of suspension of economic plan process | 5 years | |||||||||||||||
Floor clauses | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Provisions | € 46 | € 46 | € 46 | |||||||||||||
Provision for PPI | ||||||||||||||||
Disclosure of provision matrix [line items] | ||||||||||||||||
Provisions | £ | £ 0 |
Other liabilities (Details)
Other liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Miscellaneous liabilities [abstract] | |||
Transactions in transit | € 545 | € 498 | € 663 |
Accrued expenses and deferred income | 7,084 | 6,309 | 6,909 |
Other | 5,069 | 5,529 | 5,220 |
Other liabilities | € 12,698 | € 12,336 | € 12,792 |
Tax matters - Years open for re
Tax matters - Years open for review by the tax authorities (Details) | 12 Months Ended |
Dec. 31, 2021EUR (€) | |
Taxes and other legal contingencies | |
Disclosure of other provisions [line items] | |
Provisions recognised | € 0 |
Tax matters - Reconciliation (D
Tax matters - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Consolidated profit (loss) before tax | |||
Tax rate applicable in Spain (as a percent) | 30.00% | 30.00% | 30.00% |
Consolidated profit (loss) before tax | € 14,547 | € (2,076) | € 12,543 |
From discontinued operations | 0 | 0 | 0 |
Income tax at tax rate applicable in Spain | 4,364 | (623) | 3,763 |
By the effect of application of the various tax rates applicable in each country | 210 | 362 | 243 |
Effect of profit or loss of associates and joint ventures | (130) | 29 | (97) |
Effect of reassessment of deferred taxes | 9 | 2,500 | (612) |
Permanent differences | 441 | 3,364 | 1,130 |
Current income tax | € 4,894 | € 5,632 | € 4,427 |
Effective tax rate (as a percent) | 33.64% | 0.00% | 35.29% |
Discontinued operations | € 0 | € 0 | € 0 |
Current taxes | 3,799 | 4,214 | 3,962 |
Deferred taxes | 1,095 | 1,418 | 465 |
Taxes paid in the year | 4,012 | 2,946 | 2,593 |
Brazil | |||
Consolidated profit (loss) before tax | |||
By the effect of application of the various tax rates applicable in each country | 634 | 560 | 502 |
United Kingdom | |||
Consolidated profit (loss) before tax | |||
By the effect of application of the various tax rates applicable in each country | (158) | (43) | (80) |
United States | |||
Consolidated profit (loss) before tax | |||
By the effect of application of the various tax rates applicable in each country | (179) | (71) | (71) |
Chile | |||
Consolidated profit (loss) before tax | |||
By the effect of application of the various tax rates applicable in each country | (34) | (24) | (35) |
Aggregate continuing and discontinued operations | |||
Consolidated profit (loss) before tax | |||
Consolidated profit (loss) before tax | € 14,547 | € (2,076) | € 12,543 |
Tax matters - Tax recognized in
Tax matters - Tax recognized in equity (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other comprehensive income | |||
Tax recognized in equity, Items not reclassified to profit or loss | € (510) | € (82) | € 500 |
Actuarial gains or (-) losses on defined benefit pension plans | (530) | (165) | 499 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income | (13) | 92 | (42) |
Financial liabilities at fair value with changes in results attributable to changes in credit risk | 33 | (9) | 43 |
Tax recognized in equity, Items that may be reclassified to profit or loss | 1,136 | 208 | (832) |
Cash flow hedges | 278 | 5 | (17) |
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | 857 | 195 | (811) |
Other recognized income and expense of investments in subsidiaries, joint ventures and associates | 1 | 8 | (4) |
Total | € 626 | € 126 | € (332) |
Tax matters - Deferred taxes (D
Tax matters - Deferred taxes (Details) - EUR (€) € in Millions | May 03, 2016 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2015 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 19,440 | € 19,246 | € 22,758 | € 23,258 | |||
Deferred tax liabilities | 6,462 | 5,933 | 6,522 | ||||
Portion already submitted for conversion | € 995 | ||||||
Portion converted into credit | 642 | ||||||
Impairment of deferred tax asset | 2,500 | ||||||
Tax losses and tax credits | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 1,250 | 1,093 | 3,427 | 4,276 | |||
Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 18,190 | 18,153 | 19,331 | 18,982 | |||
Deferred tax liabilities | 6,462 | 5,933 | 6,522 | 5,568 | |||
Valuation of financial instruments | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax liabilities | 1,419 | 1,791 | 2,073 | ||||
Valuation of tangible and intangible assets | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax liabilities | 3,081 | 2,311 | 1,962 | ||||
Investments in Group companies | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax liabilities | 337 | 440 | 831 | ||||
Spain | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 9,954 | ||||||
Spain | Actuarial assumption of growth | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Percentage used to adjust sensitivity analysis | 0.50% | ||||||
Spain | Inflation rate assumption | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Percentage used to adjust sensitivity analysis | 0.50% | ||||||
Spain | Tax losses and tax credits | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 632 | ||||||
Spain | Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax asset recovery period | 15 years | ||||||
Brazil | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 5,204 | ||||||
Brazil | Tax losses and tax credits | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 311 | ||||||
Brazil | Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax asset recovery period | 10 years | ||||||
United States | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 1,503 | ||||||
United States | Tax losses and tax credits | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 288 | ||||||
United States | Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 1,215 | ||||||
Deferred tax asset recovery period | 15 years | ||||||
Monetizable | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 10,473 | 10,721 | 11,233 | ||||
Monetizable | Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 10,473 | 10,721 | 11,233 | € 10,866 | |||
Monetizable | Loan losses | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 6,888 | 7,134 | 7,645 | ||||
Monetizable | Pensions | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 3,585 | 3,587 | 3,587 | ||||
Monetizable | Spain | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Annual fee to maintain the monetized portion of deferred taxes (as a percent) | 1.50% | ||||||
Monetizable | Spain | Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 7,420 | ||||||
Monetizable | Italy | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Annual fee to maintain the monetized portion of deferred taxes (as a percent) | 1.50% | ||||||
Monetizable | Brazil | Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 2,909 | ||||||
Other | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 8,967 | 8,525 | 11,525 | ||||
Other | Tax losses and tax credits | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 1,249 | 1,093 | 3,428 | ||||
Other | Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 7,718 | 7,432 | 8,097 | ||||
Other | Non-deductible provisions | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 2,256 | 2,139 | 2,751 | ||||
Other | Valuation of financial instruments | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 600 | 483 | 400 | ||||
Other | Loan losses | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 988 | 1,007 | 1,086 | ||||
Other | Pensions | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 669 | 875 | 1,009 | ||||
Other | Valuation of tangible and intangible assets | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 1,509 | € 1,373 | € 1,317 | ||||
Other | Spain | Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | 1,902 | ||||||
Other | Brazil | Temporary differences | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Deferred tax assets | € 1,984 |
Tax matters - Changes in tax as
Tax matters - Changes in tax assets and liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | |||
Deferred tax assets - Balances at the beginning of the period | € 19,246 | € 22,758 | € 23,258 |
(Charge)/Credit to income | (209) | (1,016) | 215 |
Foreign currency balance translation differences and other items | 193 | (2,465) | (610) |
(Charge)/Credit to asset and liability valuation adjustments | 209 | 38 | (92) |
Acquisitions for the year (net) | 1 | (69) | (13) |
Deferred tax assets - Balances at the end of the period | 19,440 | 19,246 | 22,758 |
Deferred tax liabilities - Balances at the beginning of the period | (5,933) | (6,522) | |
Foreign currency balance translation differences and other items | (170) | 851 | 92 |
(Charge)/Credit to asset and liability valuation adjustments | 528 | 156 | (366) |
Acquisitions for the year (net) | (1) | (16) | 0 |
Deferred tax liabilities - Balances at the end of the period | (6,462) | (5,933) | (6,522) |
Balances at the beginning of the period | 13,313 | 16,236 | 17,690 |
(Charge)/Credit to income | (1,095) | (1,418) | (465) |
Foreign currency balance translation differences and other items | 23 | (1,614) | (518) |
(Charge)/Credit to asset and liability valuation adjustments | 737 | 194 | (458) |
Acquisitions for the year (net) | 0 | (85) | (13) |
Balances at the end of the period | 12,978 | 13,313 | 16,236 |
Deferred tax assets not recognized | 9,800 | ||
Tax benefits not recognized | 375 | ||
Monetizable | |||
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | |||
Deferred tax assets - Balances at the beginning of the period | 10,721 | 11,233 | |
Deferred tax assets - Balances at the end of the period | 10,473 | 10,721 | 11,233 |
Tax losses and tax credits | |||
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | |||
Deferred tax assets - Balances at the beginning of the period | 1,093 | 3,427 | 4,276 |
(Charge)/Credit to income | 129 | (2,065) | (301) |
Foreign currency balance translation differences and other items | 28 | (266) | (548) |
(Charge)/Credit to asset and liability valuation adjustments | 0 | 0 | 0 |
Acquisitions for the year (net) | 0 | (3) | 0 |
Deferred tax assets - Balances at the end of the period | 1,250 | 1,093 | 3,427 |
Temporary differences | |||
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | |||
Deferred tax assets - Balances at the beginning of the period | 18,153 | 19,331 | 18,982 |
(Charge)/Credit to income | (338) | 1,049 | 516 |
Foreign currency balance translation differences and other items | 165 | (2,199) | (62) |
(Charge)/Credit to asset and liability valuation adjustments | 209 | 38 | (92) |
Acquisitions for the year (net) | 1 | (66) | (13) |
Deferred tax assets - Balances at the end of the period | 18,190 | 18,153 | 19,331 |
Deferred tax liabilities - Balances at the beginning of the period | (5,933) | (6,522) | (5,568) |
(Charge)/Credit to income | (886) | (402) | (680) |
Foreign currency balance translation differences and other items | (170) | 851 | 92 |
(Charge)/Credit to asset and liability valuation adjustments | 528 | 156 | (366) |
Acquisitions for the year (net) | (1) | (16) | 0 |
Deferred tax liabilities - Balances at the end of the period | (6,462) | (5,933) | (6,522) |
Temporary differences | Monetizable | |||
The changes in Tax assets - Deferred and Tax Liabilities - Deferred | |||
Deferred tax assets - Balances at the beginning of the period | 10,721 | 11,233 | 10,866 |
(Charge)/Credit to income | (273) | 613 | 427 |
Foreign currency balance translation differences and other items | 25 | (1,125) | (60) |
(Charge)/Credit to asset and liability valuation adjustments | 0 | 0 | 0 |
Acquisitions for the year (net) | 0 | 0 | 0 |
Deferred tax assets - Balances at the end of the period | € 10,473 | € 10,721 | € 11,233 |
Tax matters - Other information
Tax matters - Other information (Details) | 12 Months Ended |
Dec. 31, 2021GBP (£) | |
United Kingdom | |
Tax reforms | |
Dividend exemption, generating potential tax credit | £ 2,000 |
Non-controlling interests - NCI
Non-controlling interests - NCI components (Details) € in Millions, £ in Millions | 12 Months Ended | |||
Dec. 31, 2021EUR (€) | Dec. 31, 2021GBP (£) | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | |
Non-controlling interests | ||||
Non-controlling interests, excluding profit (loss) for the current period | € 8,594 | € 8,783 | € 8,987 | |
Profit/(loss) attributable to non-controlling interests | 1,529 | 1,063 | 1,601 | |
Non-controlling interests | 10,123 | 9,846 | 10,588 | |
Santander Bank Polska | ||||
Non-controlling interests | ||||
Non-controlling interests, excluding profit (loss) for the current period | 1,559 | 1,676 | 1,597 | |
Profit/(loss) attributable to non-controlling interests | 75 | 81 | 162 | |
Grupo PSA | ||||
Non-controlling interests | ||||
Non-controlling interests, excluding profit (loss) for the current period | 1,543 | 1,622 | 1,569 | |
Profit/(loss) attributable to non-controlling interests | 311 | 255 | 266 | |
Santander Consumer USA Holdings, Inc. | ||||
Non-controlling interests | ||||
Non-controlling interests, excluding profit (loss) for the current period | 1,255 | 986 | 1,565 | |
Profit/(loss) attributable to non-controlling interests | 494 | 201 | 230 | |
Banco Santander - Chile | ||||
Non-controlling interests | ||||
Non-controlling interests, excluding profit (loss) for the current period | 1,042 | 1,218 | 1,101 | |
Profit/(loss) attributable to non-controlling interests | 292 | 198 | 283 | |
Banco Santander (Brasil) S.A. | ||||
Non-controlling interests | ||||
Non-controlling interests, excluding profit (loss) for the current period | 1,023 | 1,014 | 1,167 | |
Profit/(loss) attributable to non-controlling interests | 251 | 233 | 373 | |
Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México | ||||
Non-controlling interests | ||||
Non-controlling interests, excluding profit (loss) for the current period | 202 | 461 | 333 | |
Profit/(loss) attributable to non-controlling interests | 62 | 61 | 195 | |
Other companies | ||||
Non-controlling interests | ||||
Non-controlling interests, excluding profit (loss) for the current period | 1,970 | 1,806 | 1,655 | |
Profit/(loss) attributable to non-controlling interests | 44 | 34 | 92 | |
Santander UK | ||||
Non-controlling interests | ||||
Non-controlling interests, excluding profit (loss) for the current period | € 1,363 | € 1,275 | € 1,346 | |
Issue of convertible instruments | £ | £ 2,200 | |||
Banco Santander, S.A. | ||||
Non-controlling interests | ||||
Issue of convertible instruments | £ | £ 1,050 |
Non-controlling interests - Cha
Non-controlling interests - Changes in NCI (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Non-controlling interests | ||||
Equity at beginning of period | € 91,322 | € 110,659 | € 106,970 | |
Total recognised income and expenses for the year | 9,433 | (17,502) | 8,383 | |
Profit/(loss) attributable to non-controlling interests | 1,529 | 1,063 | 1,601 | |
Change of perimeter | (5) | (54) | 110 | |
Equity at end of period | 97,053 | 91,322 | 110,659 | |
Non-Controlling interest | ||||
Non-controlling interests | ||||
Equity at beginning of period | 9,846 | 10,588 | 10,889 | |
Equity at end of period | 10,123 | 9,846 | 10,588 | |
Non-Controlling interest, Other comprehensive income | ||||
Non-controlling interests | ||||
Opening balance | 9,846 | 10,588 | € 10,889 | |
Total recognised income and expenses for the year | (304) | (818) | 310 | |
Non-Controlling interest, Other elements | ||||
Non-controlling interests | ||||
Other | 581 | 76 | (611) | |
Profit/(loss) attributable to non-controlling interests | 1,529 | 1,063 | 1,601 | |
Modification of participation rates | (390) | (632) | (1,623) | |
Change of perimeter | (5) | (54) | 110 | |
Dividends paid to minority shareholders | (648) | (465) | (895) | |
Changes in capital and others concepts | € 95 | € 164 | € 196 |
Non-controlling interests - Oth
Non-controlling interests - Other information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Non-controlling interests | |||
Total assets | € 1,595,835 | € 1,508,250 | € 1,522,695 |
Total liabilities | 1,498,782 | 1,416,928 | 1,412,036 |
Profit (loss) | 9,653 | € (7,708) | € 8,116 |
Santander Bank Polska | |||
Non-controlling interests | |||
Total assets | 49,788 | ||
Total liabilities | 45,071 | ||
Assets (liabilities) | 4,717 | ||
Total income | 1,646 | ||
Profit (loss) | 230 | ||
Banco Santander (Brasil) S.A. | |||
Non-controlling interests | |||
Total assets | 159,447 | ||
Total liabilities | 146,662 | ||
Assets (liabilities) | 12,785 | ||
Total income | 10,884 | ||
Profit (loss) | 2,589 | ||
Banco Santander - Chile | |||
Non-controlling interests | |||
Total assets | 71,987 | ||
Total liabilities | 67,282 | ||
Assets (liabilities) | 4,705 | ||
Total income | 2,457 | ||
Profit (loss) | 928 | ||
Grupo Financiero Santander México, S.A.B. de C.V. | |||
Non-controlling interests | |||
Total assets | 78,383 | ||
Total liabilities | 71,162 | ||
Assets (liabilities) | 7,221 | ||
Total income | 3,579 | ||
Profit (loss) | 896 | ||
Santander Consumer USA Holdings, Inc. | |||
Non-controlling interests | |||
Total assets | 43,966 | ||
Total liabilities | 35,064 | ||
Assets (liabilities) | 8,902 | ||
Total income | 4,725 | ||
Profit (loss) | € 2,510 |
Other comprehensive income - AO
Other comprehensive income - AOCI components (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of analysis of other comprehensive income by item [abstract] | ||||
Other comprehensive income | € (32,719) | € (33,144) | € (24,168) | |
ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS: | (4,241) | (5,328) | (4,288) | |
Actuarial gains and losses on defined benefit pension plans | (3,986) | (5,002) | (4,764) | |
Non-current assets held for sale | 0 | 0 | 0 | |
Share in other income and expenses recognised in investments, joint ventures and associates | (8) | (2) | 1 | |
Other valuation adjustments | 0 | 0 | 0 | |
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income | (157) | (308) | 514 | |
Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income | 0 | 0 | 0 | |
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item) | 275 | 159 | 44 | |
Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument) | (275) | (159) | (44) | |
Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk | (90) | (16) | (39) | |
ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS: | (28,478) | (27,816) | (19,880) | |
Hedges of net investments in foreign operations (Effective portion) | (4,283) | (3,124) | (5,464) | |
Exchange differences | (23,887) | (26,911) | (16,701) | |
Hedging derivatives. Cash flow hedges (Effective portion) | (276) | 295 | 300 | € 277 |
Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income | 436 | 2,411 | 2,321 | |
Hedging instruments (items not designated) | 0 | 0 | 0 | |
Non-current assets classified as held for sale | 0 | 0 | 0 | |
Share in other income and expenses recognised in investments, joint ventures and associates | € (468) | € (487) | € (336) |
Other comprehensive income - It
Other comprehensive income - Items not reclassified: benefit plans (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € (1,567) | ||
Spain | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € 37 | ||
Discount rates | 0.90% | 0.60% | |
United Kingdom | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € 1,475 | ||
Discount rates | 1.90% | 1.28% | 2.11% |
Brazil | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € (91) | ||
Other Regions | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € (102) | ||
Pension benefits | Brazil | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Discount rates | 8.39% | 6.82% | |
Medical benefits | Brazil | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Discount rates | 8.44% | 7.14% | |
Discount rate actuarial assumptions | Other Regions | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Increase (decrease) in accumulated actuarial losses/profits | € (138) |
Other comprehensive income - _2
Other comprehensive income - Items not reclassified: equity instruments (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of analysis of other comprehensive income by item [line items] | |||
Net gains/losses by valuation | € (157) | € (308) | € 514 |
Financial assets designated at fair value through other comprehensive income | 108,038 | 120,953 | 125,708 |
Domestic | Spain | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 25 | 28 | 21 |
Capital losses by valuation | (663) | (849) | (445) |
Net gains/losses by valuation | (638) | (821) | (424) |
Financial assets designated at fair value through other comprehensive income | 759 | 1,032 | 184 |
International | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 573 | 625 | 1,038 |
Capital losses by valuation | (730) | (933) | (524) |
Net gains/losses by valuation | (157) | (308) | 514 |
Financial assets designated at fair value through other comprehensive income | 2,453 | 2,783 | 2,863 |
International | Rest of Europe | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 39 | 65 | 68 |
Capital losses by valuation | (58) | (76) | (72) |
Net gains/losses by valuation | (19) | (11) | (4) |
Financial assets designated at fair value through other comprehensive income | 170 | 314 | 379 |
International | United States | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 13 | 7 | 15 |
Capital losses by valuation | (4) | (4) | (3) |
Net gains/losses by valuation | 9 | 3 | 12 |
Financial assets designated at fair value through other comprehensive income | 31 | 25 | 44 |
International | Latin America and rest | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 496 | 525 | 934 |
Capital losses by valuation | (5) | (4) | (4) |
Net gains/losses by valuation | 491 | 521 | 930 |
Financial assets designated at fair value through other comprehensive income | 1,493 | 1,412 | 2,256 |
Publicly listed | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 500 | 525 | 936 |
Capital losses by valuation | (44) | (31) | (14) |
Net gains/losses by valuation | 456 | 494 | 922 |
Financial assets designated at fair value through other comprehensive income | 1,521 | 1,424 | 2,283 |
Non publicly listed | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Capital gains by valuation | 73 | 100 | 102 |
Capital losses by valuation | (686) | (902) | (510) |
Net gains/losses by valuation | (613) | (802) | (408) |
Financial assets designated at fair value through other comprehensive income | € 932 | € 1,359 | € 580 |
Other comprehensive income - _3
Other comprehensive income - Items may be reclassified: foreign hedges and exchange differences (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | |
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | € (562) | € (2,093) | € (932) | |
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (28,170) | (30,035) | (22,165) | |
Accumulated other comprehensive income | (32,719) | (33,144) | (24,168) | |
Exchange differences | (23,887) | (26,911) | (16,701) | |
Grupo Santander | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | 3,024 | (10,210) | ||
Exchange differences | (23,887) | (26,911) | (16,701) | |
From goodwill | 167 | (2,104) | ||
From results | 155 | (254) | ||
From net assets | 2,702 | (7,852) | ||
Change in presentation of exchange differences and effects of hyperinflation | Argentina | ||||
Items that may be reclassified to profit or loss | ||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | € (1,984) | |||
Accumulated other comprehensive income | € 1,984 | |||
Brazilian real | ||||
Items that may be reclassified to profit or loss | ||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (17,440) | (17,417) | (13,579) | |
Brazilian real | Grupo Santander | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | 119 | (5,328) | ||
Exchange differences | (15,913) | (16,032) | (10,704) | |
From goodwill | 30 | (1,280) | ||
From results | 19 | (190) | ||
From net assets | 70 | (3,858) | ||
Pound sterling | ||||
Items that may be reclassified to profit or loss | ||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (3,415) | (4,205) | (3,135) | |
Pound sterling | Grupo Santander | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | 1,098 | (1,273) | ||
Exchange differences | (3,504) | (4,602) | (3,329) | |
From goodwill | 41 | (455) | ||
From results | 38 | (4) | ||
From net assets | 1,019 | (814) | ||
Mexican peso | ||||
Items that may be reclassified to profit or loss | ||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (3,088) | (3,091) | (2,439) | |
Mexican peso | Grupo Santander | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | 381 | (846) | ||
Exchange differences | (2,012) | (2,393) | (1,547) | |
From goodwill | 26 | (59) | ||
From results | 29 | (2) | ||
From net assets | 326 | (785) | ||
Argentine peso | ||||
Items that may be reclassified to profit or loss | ||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (2,109) | (2,288) | (2,094) | |
Argentine peso | Grupo Santander | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | 178 | (193) | ||
Exchange differences | (2,109) | (2,287) | (2,094) | |
From goodwill | 0 | 0 | ||
From results | 0 | 0 | ||
From net assets | 178 | (193) | ||
Chilean peso | ||||
Items that may be reclassified to profit or loss | ||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (2,039) | (1,776) | (1,560) | |
Chilean peso | Grupo Santander | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | (402) | (269) | ||
Exchange differences | (1,852) | (1,450) | (1,181) | |
From goodwill | (55) | (18) | ||
From results | (43) | 15 | ||
From net assets | (304) | (266) | ||
US dollar | ||||
Items that may be reclassified to profit or loss | ||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | 1,536 | 387 | 1,654 | |
US dollar | Grupo Santander | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | 1,522 | (1,580) | ||
Exchange differences | 2,775 | 1,253 | 2,833 | |
From goodwill | 125 | (143) | ||
From results | 102 | (58) | ||
From net assets | 1,295 | (1,379) | ||
Polish zloty | ||||
Items that may be reclassified to profit or loss | ||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (809) | (788) | (501) | |
Polish zloty | Grupo Santander | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | (40) | (389) | ||
Exchange differences | (678) | (638) | (249) | |
From goodwill | (9) | (133) | ||
From results | (1) | (5) | ||
From net assets | (30) | (251) | ||
Other currencies | ||||
Items that may be reclassified to profit or loss | ||||
Reserve of hedge of net investments in foreign operations and exchange differences on translation | (806) | (857) | (511) | |
Other currencies | Grupo Santander | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | 168 | (332) | ||
Exchange differences | (594) | (762) | (430) | |
From goodwill | 9 | (16) | ||
From results | 11 | (10) | ||
From net assets | 148 | (306) | ||
Goodwill | ||||
Items that may be reclassified to profit or loss | ||||
Profit (loss) related to measurement of goodwill | € 167 | € (2,104) | € 230 |
Other comprehensive income - _4
Other comprehensive income - Items may be reclassified: debt and equity instruments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of analysis of other comprehensive income by item [line items] | |||
Net revaluation gains/(losses) | € 436 | € 2,411 | € 2,321 |
Fair value | 108,038 | 120,953 | 125,708 |
Impairment loss (reversal) | 7,407 | 12,382 | 9,352 |
Financial assets at fair value through other comprehensive income | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Impairment loss (reversal) | 19 | 19 | 12 |
Debt instruments | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Fair value | 97,922 | 108,903 | 118,405 |
Government debt securities and debt instruments issued by central banks | Spain | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 271 | 693 | 947 |
Revaluation losses | 0 | 0 | (2) |
Net revaluation gains/(losses) | 271 | 693 | 945 |
Fair value | 12,917 | 19,314 | 32,413 |
Government debt securities and debt instruments issued by central banks | Rest of Europe | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 544 | 915 | 664 |
Revaluation losses | (118) | (69) | (38) |
Net revaluation gains/(losses) | 426 | 846 | 626 |
Fair value | 20,397 | 23,116 | 19,052 |
Government debt securities and debt instruments issued by central banks | Latin America and rest of the world | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 334 | 785 | 839 |
Revaluation losses | (438) | (73) | (121) |
Net revaluation gains/(losses) | (104) | 712 | 718 |
Fair value | 49,847 | 51,026 | 51,284 |
Private-sector debt securities | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 80 | 181 | 81 |
Revaluation losses | (237) | (21) | (49) |
Net revaluation gains/(losses) | (157) | 160 | 32 |
Fair value | 22,424 | 24,714 | 20,096 |
Debt Securities and Loans and Advances | |||
Disclosure of analysis of other comprehensive income by item [line items] | |||
Revaluation gains | 1,229 | 2,574 | 2,531 |
Revaluation losses | (793) | (163) | (210) |
Net revaluation gains/(losses) | 436 | 2,411 | 2,321 |
Fair value | € 105,585 | € 118,170 | € 122,845 |
Other comprehensive income - _5
Other comprehensive income - Items may be reclassified: investments in subsidiaries, etc. (Details) - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Items that may be reclassified to profit or loss | ||||
Balance at beginning of year | € (26,911) | € (16,701) | ||
Net amounts transferred to profit or loss | € 2,136 | 177 | (202) | |
Balance at end of year | (16,701) | (23,887) | (26,911) | € (16,701) |
Equity Investments | ||||
Items that may be reclassified to profit or loss | ||||
Balance at beginning of year | (489) | (335) | (320) | |
Revaluation gains/(losses) | 7 | (170) | (22) | |
Net amounts transferred to profit or loss | 6 | 16 | 7 | |
Balance at end of year | (335) | (476) | (489) | (335) |
Equity Investments | Zurich Santander Insurance America, S.L. - Consolidated | ||||
Items that may be reclassified to profit or loss | ||||
Balance at beginning of year | (298) | (171) | ||
Balance at end of year | € (171) | € (332) | € (298) | € (171) |
Issued capital - Changes (Detai
Issued capital - Changes (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||||||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 03, 2020 | Dec. 31, 2019 | Oct. 24, 2019 | Sep. 10, 2019 | Dec. 31, 2018 | |
Disclosure of classes of share capital [line items] | |||||||
Share capital (in shares) | 17,340,641,302 | 17,340,641,302 | 16,618,114,582 | 16,236,573,942 | |||
Share capital | € 8,670 | € 8,670 | € 8,309 | € 8,118 | |||
Capital increase | € 361 | € 191 | |||||
New shares issued (in shares) | 722,526,720 | 381,540,640 | |||||
Shares issued as a percentage of shared capital | 2.35% | ||||||
Takeover bid threshold percentage | 4.35% | 16.69% | |||||
Nominal value per share (in euro per share) | € 0.50 | € 0.50 | € 0.50 | ||||
Number of shares outstanding corresponding to the first repurchase program (in shares) | 259,930,273 | ||||||
Number of shares equivalent to a Crest Depositary Interest (CDI) | 1 | ||||||
Number of shares equivalent to an American Depositary Receipt (BDR) | 1 | ||||||
Maximum percentage of equity interests of Banco Santander held by a single shareholder (in percentage) | 3.00% | ||||||
Maximum percentage of equity interests of Banco Santander held by a single shareholder residing in tax haven (in percentage) | 1.00% | ||||||
State Street Bank and Trust Company | |||||||
Disclosure of classes of share capital [line items] | |||||||
Shares owned by significant shareholders, as a percent of total share capital | 13.35% | ||||||
Chase Nominees Ltd. | |||||||
Disclosure of classes of share capital [line items] | |||||||
Shares owned by significant shareholders, as a percent of total share capital | 9.15% | ||||||
Bank of New York Mellon Corporation | |||||||
Disclosure of classes of share capital [line items] | |||||||
Shares owned by significant shareholders, as a percent of total share capital | 5.21% | ||||||
Citibank New York | |||||||
Disclosure of classes of share capital [line items] | |||||||
Shares owned by significant shareholders, as a percent of total share capital | 3.74% | ||||||
EC Nominees Limited | |||||||
Disclosure of classes of share capital [line items] | |||||||
Shares owned by significant shareholders, as a percent of total share capital | 3.34% | ||||||
Blackrock, Inc. | |||||||
Disclosure of classes of share capital [line items] | |||||||
Shares owned by significant shareholders, as a percent of total share capital | 5.426% |
Issued capital - Other consider
Issued capital - Other considerations (Details) - shares shares in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of classes of share capital [abstract] | |||
Shares owned by third parties and managed by Group management companies (in shares) | 45 | 39 | 40 |
Shares owned by third parties and managed by Group management companies as a percentage of shared capital | 0.26% | 0.22% | 0.24% |
Shares owned by third parties and received as security (in shares) | 231 | ||
Shares received as security as a percentage of shared capital | 1.33% |
Share premium (Details)
Share premium (Details) - EUR (€) € in Millions | 1 Months Ended | 12 Months Ended | ||
May 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of classes of share capital [line items] | ||||
Increase (decrease) in share premium to cope with capital increase | € (4,034) | € (361) | € 1,491 | |
Transfers between equity items | 0 | 0 | ||
Dividends recognised as distributions to owners | € 477 | 1,961 | 826 | 3,612 |
Transfer of share premium to legal reserve | 72 | € 38 | ||
Share premium | ||||
Disclosure of classes of share capital [line items] | ||||
Transfers between equity items | 3,557 | |||
Dividends recognised as distributions to owners | € 477 | € 361 |
Accumulated retained earnings -
Accumulated retained earnings - Reserve breakdown (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Reserve breakdown | |||
Revaluation reserve Royal Decree-Law 7/1996 | € 0 | € 0 | € 0 |
Reserves of subsidiaries | 47,438 | 47,601 | 43,449 |
Equity Investments | |||
Reserve breakdown | |||
Restricted reserves | 2,543 | 2,460 | 2,595 |
Legal reserve | 1,734 | 1,734 | 1,662 |
Own shares | 755 | 672 | 879 |
Revaluation reserve Royal Decree-Law 7/1996 | 43 | 43 | 43 |
Reserve for retired capital | 11 | 11 | 11 |
Unrestricted reserves | 4,243 | 10,422 | 10,664 |
Voluntary reserves | 6,123 | 6,128 | 4,603 |
Consolidation reserves attributable to the Bank | (1,880) | 4,294 | 6,061 |
Reserves of subsidiaries | 47,438 | 47,601 | 43,449 |
Reserves of entities accounted for using the equity method | 1,572 | 1,504 | 1,210 |
Accumulated retained earnings and other reserves | € 55,796 | € 61,987 | € 57,918 |
Accumulated retained earnings_2
Accumulated retained earnings - Legal reserve (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Legal reserve | |||
Percentage of annual net profit required to be transferred to the legal reserve | 10.00% | ||
Percentage of share capital required to be maintained in the legal reserve before annual transfers can be discontinued | 20.00% | ||
Minimum percentage of increased share capital required to be maintained in the legal reserve if reserves are used to increase capital | 10.00% | ||
Transfer of share premium to legal reserve | € 72 | € 38 |
Accumulated retained earnings_3
Accumulated retained earnings - Reserves of subsidiaries (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | € 47,438 | € 47,601 | € 43,449 |
Restricted portion of reserves of subsidiaries | 3,392 | 3,155 | 3,193 |
Banco Santander (Brasil) S.A. (Consolidated Group) | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 14,325 | 14,067 | 12,400 |
Santander UK Group | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 8,558 | 8,447 | 8,079 |
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 4,913 | 4,230 | 3,810 |
Santander Consumer Finance Group | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 4,753 | 4,186 | 4,012 |
Banco Santander - Chile | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 3,502 | 3,404 | 3,116 |
Banco Santander Totta, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 3,194 | 2,960 | 2,823 |
Group Santander Holdings USA | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 2,940 | 4,793 | 4,528 |
Banco Santander Río S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 2,318 | 2,161 | 1,895 |
Santander Bank Polska S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 1,990 | 1,748 | 1,738 |
Santander Investment, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 1,307 | 1,335 | 146 |
Santander Seguros y Reaseguros, Compañía Aseguradora, S.A. | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 869 | 695 | 823 |
Banco Santander International SA (former Banco Santander (Suisse) SA) | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | 277 | 247 | 348 |
Other companies and consolidation adjustments | |||
Disclosure of reserves within equity [line items] | |||
Reserves of subsidiaries | € (1,508) | € (672) | € (269) |
Other equity instruments and _2
Other equity instruments and own shares (Details) € / shares in Units, € in Millions | 12 Months Ended | ||||
Dec. 31, 2021EUR (€)numberOfDonation€ / sharesshares | Dec. 31, 2020EUR (€)shares | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | Sep. 08, 2017EUR (€) | |
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Fidelity Bonds, nominal value | € 981 | ||||
Fidelity Bonds, market value | € 658 | € 627 | € 598 | € 686 | |
Total equity | € 97,053 | € 91,322 | 110,659 | € 106,970 | |
Treasury shares, held by the group (in shares) | shares | 277,591,940 | 28,439,022 | |||
Treasury shares, held by the group, as a percentage of issued share capital (in percentage) | 0.164% | ||||
Purchase of treasury shares (in shares) | shares | 524,312,848 | ||||
Average purchase price of Bank shares (in euro per share) | € / shares | € 3.14 | ||||
Average selling price of Bank shares (in euro per share) | € / shares | € 3.10 | ||||
Number of extraordinary donations | numberOfDonation | 2 | ||||
Bank's shares owned by consolidated companies as percentage of issued shared capital (in percentage) | 1.60% | ||||
Net effect on equity from purchase and sale of Bank shares | € 23 | € 1 | (6) | ||
First Share Buyback Program | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Treasury shares, held by the group, as a percentage of issued share capital (in percentage) | 1.499% | ||||
Purchase of treasury shares (in shares) | shares | 259,930,273 | ||||
Average purchase price of Bank shares (in euro per share) | € / shares | € 3.235 | ||||
Second Buyback | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Purchase of treasury shares (in shares) | shares | 275,159,930 | ||||
Banco Santander Foundation Donation | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Purchase of treasury shares (in shares) | shares | 55,750,000 | ||||
Equity instruments issued (not capital) | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Total equity | € 658 | 627 | 598 | 565 | |
Other equity instruments | |||||
Disclosure Of Other Equity Instruments And Own Shares [Line Items] | |||||
Total equity | € 152 | € 163 | € 146 | € 234 |
Memorandum items - Commitments
Memorandum items - Commitments and contingencies (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Financial instruments credit-impaired | Stage 2 and 3 | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 1,584 | € 946 | € 1,253 |
Financial instruments credit-impaired | Stage 2 and 3 | Contingent liabilities and commitments | |||
Disclosure of contingent liabilities [line items] | |||
Other provisions | 161 | 141 | 177 |
Financial instruments not credit-impaired | Stage 1 | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 337,113 | 310,435 | 316,116 |
Financial instruments not credit-impaired | Stage 1 | Contingent liabilities and commitments | |||
Disclosure of contingent liabilities [line items] | |||
Other provisions | 372 | 377 | 417 |
Financial instruments not credit-impaired | Stage 2 and 3 | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 10,531 | 6,764 | 6,355 |
Financial instruments not credit-impaired | Stage 2 and 3 | Contingent liabilities and commitments | |||
Disclosure of contingent liabilities [line items] | |||
Other provisions | 200 | 182 | 145 |
MEMORANDUM ITEMS | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 349,228 | 318,145 | 323,724 |
Loan commitments granted | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 262,737 | 241,230 | 241,179 |
Loan commitments granted | Financial instruments credit-impaired | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 615 | 274 | 352 |
Financial guarantees granted | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 10,758 | 12,377 | 13,650 |
Financial guarantees granted | Financial instruments credit-impaired | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 188 | 124 | 154 |
Financial guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 10,715 | 12,358 | 13,619 |
Credit derivatives sold | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 43 | 19 | 31 |
Other commitments granted | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 75,733 | 64,538 | 68,895 |
Other commitments granted | Financial instruments credit-impaired | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 781 | 548 | 747 |
Technical guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 40,158 | 33,526 | 33,890 |
Other | |||
Disclosure of contingent liabilities [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 35,575 | € 31,012 | € 35,005 |
Memorandum items - Other (Detai
Memorandum items - Other (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | € 186,927 | € 168,254 | € 176,910 |
Non-managed marketed funds | 48,385 | 38,563 | 49,490 |
Third party debt securities and equity instruments held in custody | 236,153 | 209,269 | 229,381 |
Investment funds | |||
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | 145,987 | 131,965 | 142,988 |
Pension funds | |||
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | 16,078 | 15,577 | 11,843 |
Assets under management | |||
Disclosure of unconsolidated structured entities [line items] | |||
Off-balance sheet assets managed by the entity and by joint ventures | € 24,862 | € 20,712 | € 22,079 |
Hedging derivatives - IBOR refo
Hedging derivatives - IBOR reform (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about hedges [line items] | |||
Notional amount | € 392,948 | € 360,626 | € 362,464 |
Fair value hedges | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 206,957 | 199,260 | 202,548 |
Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 176,176 | 181,582 | 183,586 |
Cash flow hedges | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 160,397 | 139,156 | 135,439 |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | € 99,648 | € 74,731 | € 55,810 |
IBOR Reform Phase I and II | |||
Disclosure of detailed information about hedges [line items] | |||
Percentage of notional amount affected by IBOR reforms | 4.85% | ||
Percentage of hedged items to notional amount affected by IBR Reforms | 2.02% | ||
IBOR Reform Phase I and II | USD LIBOR | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | € 26,257 | ||
IBOR Reform Phase I and II | USD LIBOR | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 12,116 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 14,223 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 190 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 14,223 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges | Interest rate risk | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 190 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 12,034 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 11,926 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 12,034 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges | Interest rate risk | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 11,926 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges, maturing after transition date | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 11,241 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges, maturing after transition date | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 190 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges, maturing after transition date | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 11,241 | ||
IBOR Reform Phase I and II | USD LIBOR | Fair value hedges, maturing after transition date | Interest rate risk | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 190 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges, maturing after transition date | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 7,830 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges, maturing after transition date | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 7,732 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges, maturing after transition date | Interest rate risk | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 7,830 | ||
IBOR Reform Phase I and II | USD LIBOR | Cash flow hedges, maturing after transition date | Interest rate risk | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 7,732 | ||
IBOR Reform Phase I and II | USD LIBOR | Hedging instruments with maturity after the transition date | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | 19,071 | ||
IBOR Reform Phase I and II | USD LIBOR | Hedging instruments with maturity after the transition date | Hedged item | |||
Disclosure of detailed information about hedges [line items] | |||
Notional amount | € 7,922 |
Hedging derivatives - Hedging i
Hedging derivatives - Hedging instruments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | € 392,948 | € 360,626 | € 362,464 |
Carrying amount - Assets | 4,761 | 8,325 | 7,216 |
Carrying amount - liabilities | 5,463 | 6,869 | 6,048 |
Change in fair value used for calculating hedge ineffectiveness | (624) | (216) | (3,062) |
Fair value hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 206,957 | 199,260 | 202,548 |
Carrying amount - Assets | 2,528 | 4,199 | 3,570 |
Carrying amount - liabilities | 2,656 | 4,671 | 3,649 |
Change in fair value used for calculating hedge ineffectiveness | 1,079 | (451) | (1,522) |
Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 176,176 | 181,582 | 183,586 |
Carrying amount - Assets | 2,227 | 3,528 | 3,032 |
Carrying amount - liabilities | 1,778 | 3,850 | 3,160 |
Change in fair value used for calculating hedge ineffectiveness | 591 | (456) | (1,346) |
Fair value hedges | Interest rate risk | Interest rate swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 66,904 | 94,713 | 117,439 |
Carrying amount - Assets | 1,668 | 2,985 | 2,651 |
Carrying amount - liabilities | 920 | 2,747 | 2,297 |
Change in fair value used for calculating hedge ineffectiveness | (377) | (27) | (429) |
Fair value hedges | Interest rate risk | Call money swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 97,321 | 69,740 | 44,791 |
Carrying amount - Assets | 1 | 184 | 91 |
Carrying amount - liabilities | 734 | 886 | 472 |
Change in fair value used for calculating hedge ineffectiveness | 714 | (486) | (295) |
Fair value hedges | Interest rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 12,325 | ||
Carrying amount - Assets | 0 | ||
Carrying amount - liabilities | 32 | ||
Change in fair value used for calculating hedge ineffectiveness | (476) | ||
Fair value hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 21,238 | 9,037 | 10,006 |
Carrying amount - Assets | 7 | 293 | 73 |
Carrying amount - liabilities | 423 | 47 | 55 |
Change in fair value used for calculating hedge ineffectiveness | 287 | 11 | (60) |
Fair value hedges | Exchange rate risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 13,909 | 8,422 | 9,722 |
Carrying amount - Assets | 7 | 210 | 49 |
Carrying amount - liabilities | 423 | 47 | 54 |
Change in fair value used for calculating hedge ineffectiveness | 22 | 11 | (60) |
Fair value hedges | Exchange rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 7,329 | ||
Carrying amount - Assets | 0 | ||
Carrying amount - liabilities | 0 | ||
Change in fair value used for calculating hedge ineffectiveness | 265 | ||
Fair value hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 9,326 | 8,434 | 8,698 |
Carrying amount - Assets | 294 | 378 | 465 |
Carrying amount - liabilities | 452 | 771 | 428 |
Change in fair value used for calculating hedge ineffectiveness | 200 | (11) | (116) |
Fair value hedges | Interest rate and exchange rate risk | Interest rate swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 1,650 | ||
Carrying amount - Assets | 12 | ||
Carrying amount - liabilities | 9 | ||
Change in fair value used for calculating hedge ineffectiveness | (7) | ||
Fair value hedges | Interest rate and exchange rate risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 7,397 | 7,704 | 7,552 |
Carrying amount - Assets | 281 | 370 | 449 |
Carrying amount - liabilities | 443 | 757 | 423 |
Change in fair value used for calculating hedge ineffectiveness | 192 | (4) | (67) |
Fair value hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 44 | 0 | |
Carrying amount - Assets | 0 | 0 | |
Carrying amount - liabilities | 1 | 0 | |
Change in fair value used for calculating hedge ineffectiveness | 0 | 5 | |
Fair value hedges | Credit risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 173 | 207 | 258 |
Carrying amount - Assets | 0 | 0 | 0 |
Carrying amount - liabilities | 2 | 3 | 6 |
Change in fair value used for calculating hedge ineffectiveness | 1 | 5 | (5) |
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 160,397 | 139,156 | 135,439 |
Carrying amount - Assets | 2,034 | 3,436 | 3,398 |
Carrying amount - liabilities | 2,157 | 1,739 | 1,618 |
Change in fair value used for calculating hedge ineffectiveness | (1,703) | 232 | (1,540) |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 99,648 | 74,731 | 55,810 |
Carrying amount - Assets | 156 | 478 | 277 |
Carrying amount - liabilities | 420 | 522 | 261 |
Change in fair value used for calculating hedge ineffectiveness | (526) | 75 | (267) |
Cash flow hedges | Interest rate risk | Interest rate swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 69,471 | 46,547 | 21,492 |
Carrying amount - Assets | 70 | 237 | 99 |
Carrying amount - liabilities | 155 | 108 | 97 |
Change in fair value used for calculating hedge ineffectiveness | (212) | 135 | (105) |
Cash flow hedges | Interest rate risk | Call money swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 16,846 | 12,123 | 6,164 |
Carrying amount - Assets | 20 | 204 | 30 |
Carrying amount - liabilities | 182 | 7 | 12 |
Change in fair value used for calculating hedge ineffectiveness | (409) | 145 | 8 |
Cash flow hedges | Interest rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 7,652 | 7,492 | |
Carrying amount - Assets | 0 | ||
Carrying amount - liabilities | 0 | ||
Change in fair value used for calculating hedge ineffectiveness | (155) | ||
Cash flow hedges | Interest rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 7,492 | 21,655 | |
Carrying amount - Assets | 0 | 33 | |
Carrying amount - liabilities | 322 | 147 | |
Change in fair value used for calculating hedge ineffectiveness | (208) | (93) | |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 27,343 | 23,483 | 31,803 |
Carrying amount - Assets | 396 | 555 | 463 |
Carrying amount - liabilities | 657 | 802 | 660 |
Change in fair value used for calculating hedge ineffectiveness | (112) | (401) | (405) |
Cash flow hedges | Exchange rate risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 8,381 | 9,151 | 10,595 |
Carrying amount - Assets | 280 | 265 | 237 |
Carrying amount - liabilities | 42 | 195 | 216 |
Change in fair value used for calculating hedge ineffectiveness | 26 | (155) | (145) |
Cash flow hedges | Exchange rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 9,290 | ||
Cash flow hedges | Exchange rate risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 15,004 | 13,425 | 11,030 |
Carrying amount - Assets | 100 | 283 | 214 |
Carrying amount - liabilities | 606 | 600 | 433 |
Change in fair value used for calculating hedge ineffectiveness | (133) | (103) | (365) |
Cash flow hedges | Exchange rate risk | Future interest rate | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 9,290 | ||
Carrying amount - Assets | 0 | ||
Carrying amount - liabilities | 0 | ||
Change in fair value used for calculating hedge ineffectiveness | 113 | ||
Cash flow hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 21,609 | 27,021 | 38,938 |
Carrying amount - Assets | 1,425 | 2,362 | 2,625 |
Carrying amount - liabilities | 400 | 275 | 640 |
Change in fair value used for calculating hedge ineffectiveness | (815) | 679 | (826) |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 3,604 | 5,218 | 7,347 |
Carrying amount - Assets | 95 | 133 | |
Carrying amount - liabilities | 2 | 5 | |
Change in fair value used for calculating hedge ineffectiveness | (112) | 201 | |
Cash flow hedges | Interest rate and exchange rate risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 17,005 | 19,682 | 27,044 |
Carrying amount - Assets | 1,330 | 2,100 | 2,492 |
Carrying amount - liabilities | 393 | 264 | 622 |
Change in fair value used for calculating hedge ineffectiveness | (702) | 550 | (1,020) |
Cash flow hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 11,741 | 13,907 | 8,830 |
Carrying amount - Assets | 52 | 36 | 33 |
Carrying amount - liabilities | 679 | 140 | 53 |
Change in fair value used for calculating hedge ineffectiveness | (247) | (129) | (44) |
Cash flow hedges | Inflation risk | Interest rate swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 5,218 | ||
Carrying amount - Assets | 262 | ||
Carrying amount - liabilities | 0 | ||
Change in fair value used for calculating hedge ineffectiveness | 129 | ||
Cash flow hedges | Inflation risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 2,230 | ||
Carrying amount - Assets | 5 | ||
Carrying amount - liabilities | 4 | ||
Change in fair value used for calculating hedge ineffectiveness | 4 | ||
Cash flow hedges | Inflation risk | Currency swap | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 10,503 | 10,206 | 6,511 |
Carrying amount - Assets | 51 | 26 | 28 |
Carrying amount - liabilities | 678 | 136 | 42 |
Change in fair value used for calculating hedge ineffectiveness | (232) | (132) | (44) |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 56 | 14 | 58 |
Carrying amount - Assets | 5 | 5 | 0 |
Carrying amount - liabilities | 1 | 0 | 4 |
Change in fair value used for calculating hedge ineffectiveness | (3) | 8 | 2 |
Hedges of net investment in foreign operations | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 25,594 | 22,210 | 24,477 |
Carrying amount - Assets | 199 | 690 | 248 |
Carrying amount - liabilities | 650 | 459 | 781 |
Change in fair value used for calculating hedge ineffectiveness | 0 | 3 | 0 |
Hedges of net investment in foreign operations | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 25,594 | 22,210 | 24,477 |
Carrying amount - Assets | 199 | 690 | 248 |
Carrying amount - liabilities | 650 | 459 | 781 |
Change in fair value used for calculating hedge ineffectiveness | 0 | 3 | 0 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | |||
Disclosure of detailed information about hedged items [line items] | |||
Notional amount | 25,594 | 22,210 | 24,477 |
Carrying amount - Assets | 199 | 690 | 248 |
Carrying amount - liabilities | 650 | 459 | 781 |
Change in fair value used for calculating hedge ineffectiveness | € 0 | € 0 | € 0 |
Hedging derivatives - Maturity
Hedging derivatives - Maturity profile (Details) € in Millions | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2021EUR (€)£ / € | Dec. 31, 2021EUR (€)£ / ¥ | Dec. 31, 2021EUR (€)£ / $ | Dec. 31, 2021EUR (€)$ / € | Dec. 31, 2021EUR (€)¥ / € | Dec. 31, 2021EUR (€)S/ / $ | Dec. 31, 2021EUR (€)¥ / € | Dec. 31, 2021EUR (€)$ / € | Dec. 31, 2021EUR (€)Kč / € | Dec. 31, 2021EUR (€)€ / £ | Dec. 31, 2021EUR (€)€ / $ | Dec. 31, 2021EUR (€)$ / € | Dec. 31, 2021EUR (€)$ / € | Dec. 31, 2021EUR (€)kr / € | Dec. 31, 2021EUR (€)RON / € | Dec. 31, 2021EUR (€)SFr / € | Dec. 31, 2021EUR (€)$ / $ | Dec. 31, 2021EUR (€)$ / € | Dec. 31, 2021EUR (€)$ / $ | Dec. 31, 2021EUR (€)€ / S/ | Dec. 31, 2021EUR (€)€ / $ | Dec. 31, 2021EUR (€)R$ / € | Dec. 31, 2021EUR (€)$ / € | Dec. 31, 2021EUR (€)$ / € | Dec. 31, 2021EUR (€)zł / € | Dec. 31, 2020EUR (€)£ / € | Dec. 31, 2020EUR (€)£ / ¥ | Dec. 31, 2020EUR (€)£ / $ | Dec. 31, 2020EUR (€)$ / € | Dec. 31, 2020EUR (€)¥ / € | Dec. 31, 2020EUR (€)S/ / $ | Dec. 31, 2020EUR (€)¥ / € | Dec. 31, 2020EUR (€)$ / € | Dec. 31, 2020EUR (€)Kč / € | Dec. 31, 2020EUR (€)€ / £ | Dec. 31, 2020EUR (€)€ / $ | Dec. 31, 2020EUR (€)$ / € | Dec. 31, 2020EUR (€)$ / € | Dec. 31, 2020EUR (€)kr / € | Dec. 31, 2020EUR (€)RON / € | Dec. 31, 2020EUR (€)SFr / € | Dec. 31, 2020EUR (€)$ / $ | Dec. 31, 2020EUR (€)$ / $ | Dec. 31, 2020EUR (€)R$ / € | Dec. 31, 2020EUR (€)$ / € | Dec. 31, 2020EUR (€)$ / € | Dec. 31, 2020EUR (€)zł / € | Dec. 31, 2020EUR (€)$ / $ | Dec. 31, 2020EUR (€)ر.س / € | Dec. 31, 2019EUR (€)£ / € | Dec. 31, 2019EUR (€)£ / ¥ | Dec. 31, 2019EUR (€)£ / $ | Dec. 31, 2019EUR (€)$ / € | Dec. 31, 2019EUR (€)¥ / € | Dec. 31, 2019EUR (€)¥ / € | Dec. 31, 2019EUR (€)$ / € | Dec. 31, 2019EUR (€)Kč / € | Dec. 31, 2019EUR (€)€ / £ | Dec. 31, 2019EUR (€)$ / € | Dec. 31, 2019EUR (€)$ / € | Dec. 31, 2019EUR (€)kr / € | Dec. 31, 2019EUR (€)RON / € | Dec. 31, 2019EUR (€)SFr / € | Dec. 31, 2019EUR (€)$ / $ | Dec. 31, 2019EUR (€)$ / $ | Dec. 31, 2019EUR (€)R$ / € | Dec. 31, 2019EUR (€)$ / € | Dec. 31, 2019EUR (€)$ / € | Dec. 31, 2019EUR (€)zł / € | Dec. 31, 2019EUR (€)ر.س / € | Dec. 31, 2019EUR (€)د.م. / € | |
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 392,948 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 360,626 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 | € 362,464 |
Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 27,317 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 20,056 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 | 25,057 |
One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 20,340 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 30,936 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 | 24,694 |
Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 78,813 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 101,855 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 | 96,106 |
One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 220,577 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 158,387 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 | 156,185 |
More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 45,901 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 49,392 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 | 60,422 |
Fair value hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 206,957 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 199,260 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 | 202,548 |
Fair value hedges | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 5,546 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 7,132 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 | 5,816 |
Fair value hedges | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 11,786 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,221 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 | 14,591 |
Fair value hedges | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 45,119 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 44,897 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 | 43,236 |
Fair value hedges | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 114,828 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 95,343 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 | 90,707 |
Fair value hedges | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 29,678 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 37,667 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 | 48,198 |
Fair value hedges | Interest rate risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 176,176 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 181,582 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 | 183,586 |
Fair value hedges | Interest rate risk | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 96,018 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 104,351 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 | 110,854 |
Fair value hedges | Interest rate risk | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,412 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 36,371 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 | 28,446 |
Fair value hedges | Interest rate risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 4,324 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,616 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 | 5,468 |
Fair value hedges | Interest rate risk | Up to one month | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 3,716 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 2,704 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 | € 5,118 |
Fair value hedges | Interest rate risk | Up to one month | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Fair value hedges | Interest rate risk | Up to one month | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) | (0.41%) |
Fair value hedges | Interest rate risk | Up to one month | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 2,073 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 | € 8 |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 3.859% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 0.647% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 4.746% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.698% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | CHF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | JPY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | RON | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,978 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,667 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 | € 9,055 |
Fair value hedges | Interest rate risk | One to three months | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 7,408 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 8,481 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 | € 6,822 |
Fair value hedges | Interest rate risk | One to three months | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Fair value hedges | Interest rate risk | One to three months | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% |
Fair value hedges | Interest rate risk | One to three months | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 1,822 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 409 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 | € 106 |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.989% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 0.551% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 1.449% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | CHF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | JPY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | One to three months | Banco Santander, S.A. | RON | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 33,873 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 39,921 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 | € 37,627 |
Fair value hedges | Interest rate risk | Three months to one year | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 25,525 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 30,946 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 | € 32,210 |
Fair value hedges | Interest rate risk | Three months to one year | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Fair value hedges | Interest rate risk | Three months to one year | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% |
Fair value hedges | Interest rate risk | Three months to one year | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 3,038 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 2,165 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 | € 1,406 |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | (0.031%) | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 0.388% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 3.459% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.031% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | CHF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | JPY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | RON | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 103,216 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 90,913 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 | € 86,119 |
Fair value hedges | Interest rate risk | One year to five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,427 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 53,170 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 | € 51,307 |
Fair value hedges | Interest rate risk | One year to five years | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
Fair value hedges | Interest rate risk | One year to five years | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
Fair value hedges | Interest rate risk | One year to five years | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 21,507 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 17,430 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 | € 16,707 |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 2.139% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 1.212% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 2.737% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.004% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | CHF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.828% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | JPY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.465% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% |
Fair value hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | RON | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 4.211% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | ||||||||||||||||||||||
Fair value hedges | Interest rate risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 24,785 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 35,465 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 | € 45,317 |
Fair value hedges | Interest rate risk | More than five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 5,942 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 9,050 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 | € 15,397 |
Fair value hedges | Interest rate risk | More than five years | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.13% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
Fair value hedges | Interest rate risk | More than five years | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% |
Fair value hedges | Interest rate risk | More than five years | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.16% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% | 4.56% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 10,031 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 14,294 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 | € 10,219 |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 4.072% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% | 6.82% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.532% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 1.927% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.374% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.562% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | CHF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.403% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | JPY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate risk | More than five years | Banco Santander, S.A. | RON | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate risk | Interest rate swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 66,904 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 94,713 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 | € 117,439 |
Fair value hedges | Interest rate risk | Interest rate swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 267 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 3,943 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 | 734 |
Fair value hedges | Interest rate risk | Interest rate swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 2,138 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 | 3,532 |
Fair value hedges | Interest rate risk | Interest rate swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 4,189 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,807 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 | 24,382 |
Fair value hedges | Interest rate risk | Interest rate swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 42,398 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 33,333 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 | 62,474 |
Fair value hedges | Interest rate risk | Interest rate swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 17,912 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 27,826 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 | 26,317 |
Fair value hedges | Interest rate risk | Call money swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 97,321 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 69,740 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 | 44,791 |
Fair value hedges | Interest rate risk | Call money swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 3,716 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 | 4,674 |
Fair value hedges | Interest rate risk | Call money swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 7,527 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 4,662 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 | 5,318 |
Fair value hedges | Interest rate risk | Call money swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 25,588 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 11,241 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 | 12,085 |
Fair value hedges | Interest rate risk | Call money swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 56,120 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 49,624 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 | 14,653 |
Fair value hedges | Interest rate risk | Call money swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 4,370 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 3,192 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 | 8,061 |
Fair value hedges | Interest rate risk | Future interest rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | 12,325 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate risk | Future interest rate | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate risk | Future interest rate | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate risk | Future interest rate | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | 606 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate risk | Future interest rate | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | 6,066 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate risk | Future interest rate | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | 5,637 | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 9,326 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,434 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 |
Fair value hedges | Interest rate and exchange rate risk | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 975 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 1,183 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 | 2,019 |
Fair value hedges | Interest rate and exchange rate risk | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 5,812 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,804 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 | 4,197 |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 116 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 | € 14 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | CZK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | EUR/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | RON/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | HKD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | JPY/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | NOK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | CHF/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | USD/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% | 7.54% |
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | COP/USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | USD/CLP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 77 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 | € 1,432 |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 | € 887 |
Average foreign exchange rate | 0 | 0 | 0 | 1.511 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One to three months | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 1,109 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 282 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 | € 289 |
Average foreign exchange rate | 0 | 0 | 0 | 1.176 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.113 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.171 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | CZK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | EUR/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | RON/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | HKD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | JPY/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | NOK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | CHF/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | USD/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 5.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | COP/USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | USD/CLP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 199 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 1,711 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 | € 437 |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 127 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 147 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 1.205 | 1.141 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 4.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 53 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 818 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 | € 346 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 14.696 | 0 | 0 | 0 | 0 | 0 | 0 | 113.370 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.001 | 0.050 | 3,437.2 | 130.470 | 0 | 0 | 0 | 8.719 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | CZK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | EUR/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | |||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | RON/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | HKD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% | 2.52% |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | JPY/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 2.195% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | NOK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | CHF/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | USD/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 9.47% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 8.03% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% | 5.67% |
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | COP/USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | USD/CLP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 5,898 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 4,239 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 | € 3,933 |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 683 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 776 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 | € 394 |
Average foreign exchange rate | 1.159 | 1.170 | 1.178 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 1.78% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 3,255 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,621 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 | € 2,599 |
Average foreign exchange rate | 132.966 | 1.499 | 25.506 | 0 | 0.891 | 8.782 | 0 | 0 | 4.815 | 1.092 | 0.001 | 0 | 0.050 | 133.840 | 1.499 | 25.539 | 0 | 0.891 | 8.782 | 14.696 | 0 | 4.727 | 1.092 | 0 | 0 | 0 | 132.461 | 1.499 | 25.407 | 0 | 8.782 | 14.696 | 0 | 4.727 | 1.092 | 0.052 | |||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | CZK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | EUR/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | RON/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.849% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | HKD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | JPY/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.568% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | NOK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | CHF/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | USD/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.789% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 6.659% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% | 7.62% |
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | COP/USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | (0.14%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | USD/CLP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,528 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,202 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 | € 2,881 |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 165 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 260 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 | € 738 |
Average foreign exchange rate | 1.171 | 1.167 | 1.160 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | More than five years | Santander UK | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 2.62% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Santander UK | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,279 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 1,083 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 | € 949 |
Average foreign exchange rate | 126.605 | 1.529 | 0 | 0 | 0 | 0 | 0 | 9.606 | 4.927 | 1.105 | 0 | 1.666 | 0 | 125.883 | 1.508 | 0 | 0 | 0 | 0 | 0 | 9.606 | 0 | 1.105 | 0 | 0 | 0 | 125.883 | 1.508 | 26.030 | 0 | 0 | 0 | 9.606 | 0 | 1.105 | 0 | |||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.661% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% | 4.66% |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | CZK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | EUR/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | RON/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | HKD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | JPY/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.144% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.281% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | NOK/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.605% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | CHF/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.243% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | USD/COP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.153% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.231% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% | 7.22% |
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | COP/USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | USD/CLP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Interest rate swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | € 1,650 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Interest rate swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Interest rate swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Interest rate swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Interest rate swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | 1,232 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Interest rate swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | 418 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Currency swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | 7,397 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,704 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 | € 7,552 |
Fair value hedges | Interest rate and exchange rate risk | Currency swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 624 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Currency swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | 282 | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Currency swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 198 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | 1,711 | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Currency swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 4,437 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | 3,607 | ||||||||||||||||||||||
Fair value hedges | Interest rate and exchange rate risk | Currency swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,066 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | 2,104 | ||||||||||||||||||||||
Fair value hedges | Exchange rate risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 21,238 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 9,037 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 | 10,006 |
Fair value hedges | Exchange rate risk | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 13,073 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 7,990 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 | 8,891 |
Fair value hedges | Exchange rate risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 1,516 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 |
Fair value hedges | Exchange rate risk | Up to one month | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 503 | 503 | 503 | € 503 | € 503 | € 503 | € 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | 503 | € 833 | 833 | 833 | € 833 | € 833 | € 833 | € 833 | € 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | 833 | € 833 | € 833 | € 211 | 211 | 211 | € 211 | € 211 | 211 | 211 | 211 | 211 | 211 | 211 | 211 | 211 | 211 | € 211 | 211 | 211 | 211 | 211 | 211 | € 211 | 211 |
Average foreign exchange rate | 0 | 1.187 | 7.859 | 0 | 132.688 | 0 | 1.165 | 8.108 | 0 | 0 | 0 | 3,628.14 | 4.484 | 0 | 0 | 0 | 747.720 | 4.160 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,712 | 1,712 | 1,712 | € 1,712 | € 1,712 | € 1,712 | € 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | € 4,264 | 4,264 | 4,264 | € 4,264 | € 4,264 | € 4,264 | € 4,264 | € 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | € 4,264 | € 4,264 | € 4,090 | 4,090 | 4,090 | € 4,090 | € 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | € 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | € 4,090 | 4,090 |
Fair value hedges | Exchange rate risk | One to three months | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,634 | 1,634 | 1,634 | € 1,634 | € 1,634 | € 1,634 | € 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | 1,634 | € 4,149 | 4,149 | 4,149 | € 4,149 | € 4,149 | € 4,149 | € 4,149 | € 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | 4,149 | € 4,149 | € 4,149 | € 3,903 | 3,903 | 3,903 | € 3,903 | € 3,903 | 3,903 | 3,903 | 3,903 | 3,903 | 3,903 | 3,903 | 3,903 | 3,903 | 3,903 | € 3,903 | 3,903 | 3,903 | 3,903 | 3,903 | 3,903 | € 3,903 | 3,903 |
Average foreign exchange rate | 0.882 | 1.172 | 7.717 | 4.003 | 130.741 | 0.901 | 1.171 | 8.102 | 3.609 | 124.612 | 1.609 | 3,603.595 | 4.514 | 0.860 | 1.120 | 7.910 | 747.900 | 0.042 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 11,013 | 11,013 | 11,013 | € 11,013 | € 11,013 | € 11,013 | € 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | € 3,257 | 3,257 | 3,257 | € 3,257 | € 3,257 | € 3,257 | € 3,257 | € 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | € 3,257 | € 3,257 | € 5,172 | 5,172 | 5,172 | € 5,172 | € 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | € 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | 5,172 | € 5,172 | 5,172 |
Fair value hedges | Exchange rate risk | Three months to one year | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 10,350 | 10,350 | 10,350 | € 10,350 | € 10,350 | € 10,350 | € 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | 10,350 | € 3,008 | 3,008 | 3,008 | € 3,008 | € 3,008 | € 3,008 | € 3,008 | € 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | 3,008 | € 3,008 | € 3,008 | € 4,777 | 4,777 | 4,777 | € 4,777 | € 4,777 | 4,777 | 4,777 | 4,777 | 4,777 | 4,777 | 4,777 | 4,777 | 4,777 | 4,777 | € 4,777 | 4,777 | 4,777 | 4,777 | 4,777 | 4,777 | € 4,777 | 4,777 |
Average foreign exchange rate | 0.865 | 1.180 | 7.412 | 0 | 0 | 0.916 | 1.178 | 7.997 | 0 | 0 | 0 | 0 | 0 | 0.870 | 1.120 | 8.010 | 746.700 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,550 | 5,550 | 5,550 | € 5,550 | € 5,550 | € 5,550 | € 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | 5,550 | € 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 411 | 411 | 411 | € 411 | € 411 | 411 | 411 | 411 | 411 | 411 | 411 | 411 | 411 | 411 | € 411 | 411 | 411 | 411 | 411 | 411 | € 411 | 411 |
Fair value hedges | Exchange rate risk | One year to five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 586 | 586 | 586 | € 586 | € 586 | € 586 | € 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | € 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | 0 | 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 |
Average foreign exchange rate | 0.876 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,365 | 2,365 | 2,365 | € 2,365 | € 2,365 | € 2,365 | € 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | € 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | 0 | 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 |
Fair value hedges | Exchange rate risk | More than five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | 0 | 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Fx forward | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 13,909 | 13,909 | 13,909 | € 13,909 | € 13,909 | € 13,909 | € 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | 13,909 | € 8,422 | 8,422 | 8,422 | € 8,422 | € 8,422 | € 8,422 | € 8,422 | € 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | 8,422 | € 8,422 | € 8,422 | € 9,722 | 9,722 | 9,722 | € 9,722 | € 9,722 | 9,722 | 9,722 | 9,722 | 9,722 | 9,722 | 9,722 | 9,722 | 9,722 | 9,722 | € 9,722 | 9,722 | 9,722 | 9,722 | 9,722 | 9,722 | € 9,722 | 9,722 |
Fair value hedges | Exchange rate risk | Fx forward | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 598 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 901 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 |
Fair value hedges | Exchange rate risk | Fx forward | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,264 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 | 4,090 |
Fair value hedges | Exchange rate risk | Fx forward | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 11,013 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 3,257 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 | 5,082 |
Fair value hedges | Exchange rate risk | Fx forward | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 586 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 | 221 |
Fair value hedges | Exchange rate risk | Fx forward | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Exchange rate risk | Future interest rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | 7,329 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Future interest rate | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Future interest rate | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Future interest rate | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Future interest rate | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | 4,964 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Exchange rate risk | Future interest rate | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | 2,365 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Fair value hedges | Inflation risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Inflation risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value hedges | Credit risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 | 258 |
Fair value hedges | Credit risk | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 |
Fair value hedges | Credit risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | Up to one month | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
Fair value hedges | Credit risk | One to three months | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Fair value hedges | Credit risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | Three months to one year | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 |
Fair value hedges | Credit risk | One year to five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 191 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 |
Fair value hedges | Credit risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value hedges | Credit risk | More than five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 160,397 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 139,156 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 | 135,439 |
Cash flow hedges | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 17,674 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 10,489 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 | 16,506 |
Cash flow hedges | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 3,208 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 11,629 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 |
Cash flow hedges | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 20,459 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 44,127 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 | 38,678 |
Cash flow hedges | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 102,833 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 61,186 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 | 62,119 |
Cash flow hedges | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 16,223 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 11,725 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 | 12,224 |
Cash flow hedges | Interest rate risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 99,648 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 74,731 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 | 55,810 |
Cash flow hedges | Interest rate risk | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 17,893 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 13,863 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 | 7,729 |
Cash flow hedges | Interest rate risk | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 47,784 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 35,443 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 | 18,861 |
Cash flow hedges | Interest rate risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 13,047 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 6,019 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 | 13,023 |
Cash flow hedges | Interest rate risk | Up to one month | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 1,203 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Cash flow hedges | Interest rate risk | Up to one month | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Cash flow hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 3,164 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 | € 11,626 |
Cash flow hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Up to one month | Banco Santander, S.A. | AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 1,061 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | € 6,707 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 | 2,179 |
Cash flow hedges | Interest rate risk | One to three months | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 572 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 999 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 | € 398 |
Cash flow hedges | Interest rate risk | One to three months | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.44% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Cash flow hedges | Interest rate risk | One to three months | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 5,000 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Cash flow hedges | Interest rate risk | One to three months | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | One to three months | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | One to three months | Banco Santander, S.A. | AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 9,875 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | € 33,070 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 | 13,011 |
Cash flow hedges | Interest rate risk | Three months to one year | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 1,036 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 2,815 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 | € 1,253 |
Cash flow hedges | Interest rate risk | Three months to one year | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Cash flow hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 5,191 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 23,000 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 | € 1,792 |
Cash flow hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.465%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | (0.25%) | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | 1.765% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Three months to one year | Banco Santander, S.A. | AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 68,867 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | € 26,959 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 | 26,332 |
Cash flow hedges | Interest rate risk | One year to five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,967 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 8,869 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 | € 5,490 |
Cash flow hedges | Interest rate risk | One year to five years | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Cash flow hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 38,314 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 4,279 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 | € 5,443 |
Cash flow hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.258%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | (0.236%) | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | One year to five years | Banco Santander, S.A. | AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 6,798 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | € 1,976 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 | 1,265 |
Cash flow hedges | Interest rate risk | More than five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 6,115 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 1,180 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 | € 588 |
Cash flow hedges | Interest rate risk | More than five years | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Cash flow hedges | Interest rate risk | More than five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Cash flow hedges | Interest rate risk | More than five years | Banco Santander, S.A. | EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | More than five years | Banco Santander, S.A. | USD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | More than five years | Banco Santander, S.A. | AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Interest rate swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 69,471 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | € 46,547 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 | 21,492 |
Cash flow hedges | Interest rate risk | Interest rate swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 806 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 | 460 |
Cash flow hedges | Interest rate risk | Interest rate swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 4,626 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 | 864 |
Cash flow hedges | Interest rate risk | Interest rate swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 7,759 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 29,511 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 | 7,441 |
Cash flow hedges | Interest rate risk | Interest rate swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 58,930 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 11,219 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 | 12,585 |
Cash flow hedges | Interest rate risk | Interest rate swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 136 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 |
Cash flow hedges | Interest rate risk | Call money swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 16,846 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 12,123 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 | 6,164 |
Cash flow hedges | Interest rate risk | Call money swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 1,202 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate risk | Call money swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 751 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 | 398 |
Cash flow hedges | Interest rate risk | Call money swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 858 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,550 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 | 1,253 |
Cash flow hedges | Interest rate risk | Call money swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,920 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 7,890 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 | 3,925 |
Cash flow hedges | Interest rate risk | Call money swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 6,115 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 1,181 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 | 588 |
Cash flow hedges | Interest rate risk | Future interest rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,652 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | 5,213 | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 244 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 311 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 7,492 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | 21,655 | |||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | 12,304 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | 385 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | 3,196 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | 5,770 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate risk | Future interest rate | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 21,609 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 27,021 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 | 38,938 |
Cash flow hedges | Interest rate and exchange rate risk | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 12,711 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 20,096 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 | 30,960 |
Cash flow hedges | Interest rate and exchange rate risk | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 3,434 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 | 4,970 |
Cash flow hedges | Interest rate and exchange rate risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 |
Cash flow hedges | Interest rate and exchange rate risk | Up to one month | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 739 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 1,630 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 | € 954 |
Average foreign exchange rate | 1.277 | 0 | 0 | 1.465 | 1.274 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Up to one month | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Cash flow hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | EUR/PEN | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | EUR/AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Up to one month | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | € 336 | 972 | 972 | 972 | 972 | 972 | 972 | € 972 | € 972 | 972 | € 972 | € 972 | 972 | 972 | 972 | € 972 | € 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 |
Cash flow hedges | Interest rate and exchange rate risk | One to three months | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One to three months | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Cash flow hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 9 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.624 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | EUR/PEN | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | EUR/AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | 1.632% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One to three months | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | € 5,924 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | € 5,634 | € 5,634 | 5,634 | € 5,634 | € 5,634 | 5,634 | 5,634 | 5,634 | € 5,634 | € 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 5,634 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 | 9,221 |
Cash flow hedges | Interest rate and exchange rate risk | Three months to one year | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 1,000 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 3,858 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 | € 7,626 |
Average foreign exchange rate | 1.386 | 0 | 1.354 | 0 | 1.169 | 1.536 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Three months to one year | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% |
Cash flow hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,169 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 1,247 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 | € 353 |
Average foreign exchange rate | 0 | 0 | 0 | 1.102 | 0 | 0 | 0 | 0 | 0.208 | 0 | 0 | 0 | 1.080 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | EUR/PEN | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | 3.441% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | EUR/AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Three months to one year | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | € 11,165 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | € 15,687 | € 15,687 | 15,687 | € 15,687 | € 15,687 | 15,687 | 15,687 | 15,687 | € 15,687 | € 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 15,687 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 | 20,782 |
Cash flow hedges | Interest rate and exchange rate risk | One year to five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 8,112 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 11,816 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 | € 15,089 |
Average foreign exchange rate | 1.202 | 1.609 | 1.253 | 1.609 | 1.311 | 1.581 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One year to five years | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.48% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% |
Cash flow hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 1,848 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 3,242 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 | € 4,410 |
Average foreign exchange rate | 120.568 | 1.604 | 26.131 | 1.113 | 0.882 | 0 | 4.885 | 0 | 0 | 0 | 120.568 | 1.625 | 1.102 | 0.882 | 4.810 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | EUR/PEN | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | EUR/AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | One year to five years | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | 0.305% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | € 3,324 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | € 3,037 | € 3,037 | 3,037 | € 3,037 | € 3,037 | 3,037 | 3,037 | 3,037 | € 3,037 | € 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 3,037 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 | 7,541 |
Cash flow hedges | Interest rate and exchange rate risk | More than five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,860 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 2,792 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 | € 7,291 |
Average foreign exchange rate | 1.200 | 1.381 | 1.197 | 1.381 | 1.209 | 1.450 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | More than five years | Santander UK | GBP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.41% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% |
Cash flow hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 408 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 208 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 | € 207 |
Average foreign exchange rate | 0 | 1.562 | 0 | 0 | 0 | 10.242 | 0 | 1.102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.102 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | EUR/PEN | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | EUR/AUD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | More than five years | Banco Santander, S.A. | AUD/EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average fixed interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | € 3,604 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | € 5,218 | € 5,218 | 5,218 | € 5,218 | € 5,218 | 5,218 | 5,218 | 5,218 | € 5,218 | € 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 | 7,347 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 816 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 981 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 | 1,917 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,505 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,402 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 | 2,880 |
Cash flow hedges | Interest rate and exchange rate risk | Interest rate swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,099 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 1,019 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 | 2,550 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 17,005 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 19,682 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 | 27,044 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 860 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 875 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 | 1,086 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 336 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 972 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 | 308 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 5,924 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 4,653 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 | 5,553 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 7,660 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 11,164 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 | 15,106 |
Cash flow hedges | Interest rate and exchange rate risk | Currency swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,225 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 2,018 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 | 4,991 |
Cash flow hedges | Exchange rate risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 27,343 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 23,483 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 | 31,803 |
Cash flow hedges | Exchange rate risk | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 21,261 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 17,737 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 | 15,322 |
Cash flow hedges | Exchange rate risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 3,438 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 |
Cash flow hedges | Exchange rate risk | Up to one month | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,218 | € 3,218 | € 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | 3,218 | € 1,602 | € 1,602 | € 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | € 1,395 | € 1,395 | € 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 |
Average foreign exchange rate | 1.165 | 0 | 1.344 | 0 | 0 | 1.293 | 0 | 0 | 1.286 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,348 | € 1,348 | € 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | 1,348 | € 2,336 | € 2,336 | € 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | € 2,572 | € 2,572 | € 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 | 2,572 |
Cash flow hedges | Exchange rate risk | One to three months | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,114 | € 1,114 | € 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | 1,114 | € 2,244 | € 2,244 | € 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | 2,244 | € 2,491 | € 2,491 | € 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 | 2,491 |
Average foreign exchange rate | 0 | 142.905 | 1.342 | 0 | 137.977 | 1.316 | 1.144 | 145.928 | 1.252 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,195 | € 3,195 | € 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | 3,195 | € 4,616 | € 4,616 | € 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | 4,616 | € 14,324 | € 14,324 | € 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 | 14,324 |
Cash flow hedges | Exchange rate risk | Three months to one year | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,448 | € 2,448 | € 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | 2,448 | € 4,317 | € 4,317 | € 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | 4,317 | € 4,417 | € 4,417 | € 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 | 4,417 |
Average foreign exchange rate | 1.185 | 148.856 | 1.332 | 0 | 135.607 | 1.323 | 1.117 | 143.086 | 1.293 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 15,506 | € 15,506 | € 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | 15,506 | € 13,071 | € 13,071 | € 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | 13,071 | € 11,753 | € 11,753 | € 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 | 11,753 |
Cash flow hedges | Exchange rate risk | One year to five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 10,897 | € 10,897 | € 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | 10,897 | € 8,328 | € 8,328 | € 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | 8,328 | € 7,019 | € 7,019 | € 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 | 7,019 |
Average foreign exchange rate | 1.159 | 0 | 1.339 | 1.163 | 132.271 | 1.304 | 1.153 | 140.815 | 1.299 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,856 | € 3,856 | € 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | 3,856 | € 1,714 | € 1,714 | € 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | € 854 | € 854 | € 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 |
Cash flow hedges | Exchange rate risk | More than five years | Santander UK | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,584 | € 3,584 | € 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | 3,584 | € 1,246 | € 1,246 | € 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | € 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Average foreign exchange rate | 1.174 | 0 | 1.388 | 1.179 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Fx forward | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 8,381 | € 8,381 | € 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | 8,381 | € 9,151 | € 9,151 | € 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | 9,151 | € 10,595 | € 10,595 | € 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 | 10,595 |
Cash flow hedges | Exchange rate risk | Fx forward | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 2,406 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 1,532 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 | 2,173 |
Cash flow hedges | Exchange rate risk | Fx forward | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 2,243 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 | 1,746 |
Cash flow hedges | Exchange rate risk | Fx forward | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 1,947 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,040 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 |
Cash flow hedges | Exchange rate risk | Fx forward | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,719 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 2,336 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 | 3,272 |
Cash flow hedges | Exchange rate risk | Fx forward | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Exchange rate risk | Future interest rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future interest rate | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future interest rate | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future interest rate | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future interest rate | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Future interest rate | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Exchange rate risk | Currency swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 15,004 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 13,425 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 | 11,030 |
Cash flow hedges | Exchange rate risk | Currency swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 1,032 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 214 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 |
Cash flow hedges | Exchange rate risk | Currency swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 | 826 |
Cash flow hedges | Exchange rate risk | Currency swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,248 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 | 1,630 |
Cash flow hedges | Exchange rate risk | Currency swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,885 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 9,828 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 | 7,593 |
Cash flow hedges | Exchange rate risk | Currency swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 2,800 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 1,714 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 | 854 |
Cash flow hedges | Exchange rate risk | Future interest rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | 9,290 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 11,741 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 13,907 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 | 8,830 |
Cash flow hedges | Inflation risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 329 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 1,033 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 |
Cash flow hedges | Inflation risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 463 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 1,614 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 | 853 |
Cash flow hedges | Inflation risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 1,463 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 807 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 | 2,114 |
Cash flow hedges | Inflation risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 7,246 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 5,456 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 | 3,204 |
Cash flow hedges | Inflation risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 |
Cash flow hedges | Inflation risk | Interest rate swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | 5,218 | |||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Fx forward | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | 2,230 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Fx forward | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Fx forward | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Fx forward | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | 1,205 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Fx forward | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | 908 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Fx forward | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow hedges | Inflation risk | Currency swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,503 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 10,206 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 | 6,511 |
Cash flow hedges | Inflation risk | Currency swap | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 82 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 97 |
Cash flow hedges | Inflation risk | Currency swap | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 339 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 | 736 |
Cash flow hedges | Inflation risk | Currency swap | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 597 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 229 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 | 909 |
Cash flow hedges | Inflation risk | Currency swap | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 7,245 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 4,766 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 | 2,207 |
Cash flow hedges | Inflation risk | Currency swap | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 2,240 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 4,997 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 | 2,562 |
Cash flow hedges | Equity risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 58 |
Cash flow hedges | Equity risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow hedges | Equity risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Cash flow hedges | Equity risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
Cash flow hedges | Equity risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Hedges of net investment in foreign operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 |
Hedges of net investment in foreign operations | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 20,211 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | 23,384 | |||||||||||||||||||||||||
Hedges of net investment in foreign operations | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 |
Hedges of net investment in foreign operations | Up to one month | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | € 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | 2,229 | € 2,229 | € 2,229 | € 2,229 | € 2,229 | 2,229 | 2,229 | € 2,592 | 2,592 | 2,592 | 2,592 | 2,592 | 2,592 | 2,592 | 2,592 | 2,592 | 2,592 | € 2,592 | 2,592 | 2,592 | 2,592 | 2,592 | 2,592 | € 2,592 | € 2,592 | € 2,592 | € 2,592 | 2,592 | € 2,592 | |||||||||||||||||||||||||
Average foreign exchange rate | 0.909 | 23.121 | 5.270 | 869.633 | 0 | 4.427 | 0.890 | 23.490 | 4.590 | 822.130 | 0 | 4.370 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | € 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | € 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | € 5,086 | € 5,086 | € 5,086 | € 5,086 | 5,086 | 5,086 | € 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | € 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | € 4,191 | € 4,191 | € 4,191 | € 4,191 | 4,191 | € 4,191 |
Hedges of net investment in foreign operations | One to three months | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | € 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | 4,554 | € 4,554 | € 4,554 | € 4,554 | € 4,554 | 4,554 | 4,554 | € 3,838 | 3,838 | 3,838 | 3,838 | 3,838 | 3,838 | 3,838 | 3,838 | 3,838 | 3,838 | € 3,838 | 3,838 | 3,838 | 3,838 | 3,838 | 3,838 | € 3,838 | € 3,838 | € 3,838 | € 3,838 | 3,838 | € 3,838 | |||||||||||||||||||||||||
Average foreign exchange rate | 0.916 | 25.456 | 5.308 | 861.546 | 0 | 4.420 | 0.910 | 23.100 | 4.740 | 822.320 | 0 | 4.380 | 10.770 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | € 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | € 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | € 12,831 | € 12,831 | € 12,831 | € 12,831 | 12,831 | 12,831 | € 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | € 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | € 14,192 | € 14,192 | € 14,192 | € 14,192 | 14,192 | € 14,192 |
Hedges of net investment in foreign operations | Three months to one year | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | € 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | 11,570 | € 11,570 | € 11,570 | € 11,570 | € 11,570 | 11,570 | 11,570 | € 13,595 | 13,595 | 13,595 | 13,595 | 13,595 | 13,595 | 13,595 | 13,595 | 13,595 | 13,595 | € 13,595 | 13,595 | 13,595 | 13,595 | 13,595 | 13,595 | € 13,595 | € 13,595 | € 13,595 | € 13,595 | 13,595 | € 13,595 | |||||||||||||||||||||||||
Average foreign exchange rate | 0.907 | 26.788 | 6.332 | 864.339 | 4.471 | 4.516 | 0.940 | 23.270 | 4.740 | 811.640 | 3,828.61 | 4.390 | 10.870 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | € 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | € 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | € 1,858 | € 1,858 | € 1,858 | € 1,858 | 1,858 | 1,858 | € 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | € 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | € 3,359 | € 3,359 | € 3,359 | € 3,359 | 3,359 | € 3,359 |
Hedges of net investment in foreign operations | One year to five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | € 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | € 1,858 | € 1,858 | € 1,858 | € 1,858 | 1,858 | 1,858 | € 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | € 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | € 3,359 | € 3,359 | € 3,359 | € 3,359 | 3,359 | € 3,359 | |||||||||||||||||||||||||
Average foreign exchange rate | 0 | 0 | 0 | 932.215 | 0 | 0 | 0 | 0 | 4.880 | 824.360 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | 0 | € 0 |
Hedges of net investment in foreign operations | More than five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | 0 | € 0 | |||||||||||||||||||||||||
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | Exchange rate risk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | € 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | € 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | € 22,210 | € 22,210 | € 22,210 | € 22,210 | 22,210 | 22,210 | € 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | € 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | € 24,477 | € 24,477 | € 24,477 | € 24,477 | 24,477 | € 24,477 |
Hedges of net investment in foreign operations | Exchange rate risk | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | 23,357 | ||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | Exchange rate risk | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 |
Hedges of net investment in foreign operations | Exchange rate risk | Up to one month | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 3,778 | 3,778 | 3,778 | € 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | € 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | 3,778 | € 3,778 | € 3,778 | € 3,778 | € 3,778 | ||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0.854 | 0 | 25.541 | 6.663 | 943.354 | 0 | 4.592 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | Exchange rate risk | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 5,346 | 5,346 | 5,346 | € 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | € 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | € 5,346 | € 5,346 | € 5,346 | € 5,346 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 |
Hedges of net investment in foreign operations | Exchange rate risk | One to three months | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 4,848 | 4,848 | 4,848 | € 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | € 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | 4,848 | € 4,848 | € 4,848 | € 4,848 | € 4,848 | ||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0.857 | 0 | 25.335 | 6.758 | 929.690 | 0 | 4.582 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | Exchange rate risk | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 13,235 | 13,235 | 13,235 | € 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | € 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | € 13,235 | € 13,235 | € 13,235 | € 13,235 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 |
Hedges of net investment in foreign operations | Exchange rate risk | Three months to one year | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 11,815 | 11,815 | 11,815 | € 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | € 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | 11,815 | € 11,815 | € 11,815 | € 11,815 | € 11,815 | ||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0.855 | 1.167 | 25.192 | 6.841 | 949.615 | 4,538.997 | 4.634 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | Exchange rate risk | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,916 | 2,916 | 2,916 | € 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | € 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | € 2,916 | € 2,916 | € 2,916 | € 2,916 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 |
Hedges of net investment in foreign operations | Exchange rate risk | One year to five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 2,916 | 2,916 | 2,916 | € 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | € 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | € 2,916 | € 2,916 | € 2,916 | € 2,916 | ||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0.875 | 1.233 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | Exchange rate risk | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hedges of net investment in foreign operations | Exchange rate risk | More than five years | Banco Santander, S.A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | € 0 | € 0 | € 0 | ||||||||||||||||||||||||||||||||||||||||||||||
Average foreign exchange rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 25,594 | 25,594 | 25,594 | € 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | € 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | 25,594 | € 25,594 | € 25,594 | € 25,594 | € 25,594 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 22,210 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 | 24,477 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | Up to one month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 4,097 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,435 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 | 2,735 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | One to three months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,346 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 5,086 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 | 4,191 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | Three months to one year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 13,235 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 12,831 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 | 14,192 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | One year to five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 2,916 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 1,858 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 | 3,359 |
Hedges of net investment in foreign operations | Exchange rate risk | Fx forward | More than five years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of detailed information about hedged items [line items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional amount | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 | € 0 |
Hedging derivatives - Hedged ex
Hedging derivatives - Hedged exposures (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | € 197,231 | € 163,758 | € 136,028 |
Carrying amount of hedged items - Liabilities | 51,395 | 52,055 | 60,487 |
Accumulated amount of fair value adjustments on the hedged item - Assets | 462 | 3,369 | 2,768 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 453 | 2,914 | 2,298 |
Change in fair value of hedged item for ineffectiveness assessment | 477 | 1,085 | 1,379 |
Cash flow hedge/currency translation reserve - Continuing hedges | (414) | 409 | 522 |
Cash flow hedge/currency translation reserve- Discontinued hedges | (147) | (29) | (79) |
Fair value hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 193,949 | 141,608 | 134,958 |
Carrying amount of hedged items - Liabilities | 51,395 | 52,055 | 60,487 |
Accumulated amount of fair value adjustments on the hedged item - Assets | 462 | 3,369 | 2,768 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 453 | 2,914 | 2,298 |
Change in fair value of hedged item for ineffectiveness assessment | (1,061) | 553 | 1,583 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 125,479 | 128,279 | 122,560 |
Carrying amount of hedged items - Liabilities | 47,347 | 48,137 | 55,538 |
Accumulated amount of fair value adjustments on the hedged item - Assets | 727 | 3,183 | 2,764 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 366 | 2,727 | 2,099 |
Change in fair value of hedged item for ineffectiveness assessment | (543) | 469 | 1,370 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Fair value hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 64,531 | 8,718 | 8,613 |
Carrying amount of hedged items - Liabilities | 0 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets | (282) | 40 | 19 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 0 | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (343) | (13) | 58 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Fair value hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 3,714 | 4,391 | 3,532 |
Carrying amount of hedged items - Liabilities | 4,048 | 3,918 | 4,949 |
Accumulated amount of fair value adjustments on the hedged item - Assets | 15 | 143 | (21) |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 87 | 187 | 199 |
Change in fair value of hedged item for ineffectiveness assessment | (173) | 100 | 154 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Fair value hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 46 | 0 | |
Carrying amount of hedged items - Liabilities | 0 | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Assets | 0 | 0 | |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 0 | 0 | |
Change in fair value of hedged item for ineffectiveness assessment | 0 | (4) | |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | |
Fair value hedges | Credit risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 179 | 220 | 253 |
Carrying amount of hedged items - Liabilities | 0 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets | 2 | 3 | 6 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 0 | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | (2) | (3) | 5 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 1,538 | 532 | (204) |
Cash flow hedge/currency translation reserve - Continuing hedges | (414) | 420 | 522 |
Cash flow hedge/currency translation reserve- Discontinued hedges | (150) | (43) | (79) |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 400 | 314 | (128) |
Cash flow hedge/currency translation reserve - Continuing hedges | (540) | (87) | 4 |
Cash flow hedge/currency translation reserve- Discontinued hedges | (54) | (11) | (74) |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 440 | 204 | (32) |
Cash flow hedge/currency translation reserve - Continuing hedges | 81 | (68) | 130 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 8 | 0 | (4) |
Cash flow hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 69 | (87) | (169) |
Cash flow hedge/currency translation reserve - Continuing hedges | 330 | 680 | 510 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | 0 |
Cash flow hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 628 | 105 | 20 |
Cash flow hedge/currency translation reserve - Continuing hedges | (289) | (111) | (22) |
Cash flow hedge/currency translation reserve- Discontinued hedges | (104) | (32) | 0 |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 1 | (4) | 7 |
Cash flow hedge/currency translation reserve - Continuing hedges | 4 | 6 | (2) |
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | 0 | (1) |
Cash flow hedges | Other risks | |||
Disclosure of detailed information about hedged items [line items] | |||
Change in fair value of hedged item for ineffectiveness assessment | 98 | ||
Cash flow hedge/currency translation reserve - Continuing hedges | (98) | ||
Cash flow hedge/currency translation reserve- Discontinued hedges | 0 | ||
Hedges of net investment in foreign operations | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 3,282 | 22,150 | 1,070 |
Carrying amount of hedged items - Liabilities | 0 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets | 0 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 0 | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | (11) | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | 3 | 14 | 0 |
Hedges of net investment in foreign operations | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Carrying amount of hedged items - Assets | 3,282 | 22,150 | 1,070 |
Carrying amount of hedged items - Liabilities | 0 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Assets | 0 | 0 | 0 |
Accumulated amount of fair value adjustments on the hedged item - Liabilities | 0 | 0 | 0 |
Change in fair value of hedged item for ineffectiveness assessment | 0 | 0 | 0 |
Cash flow hedge/currency translation reserve - Continuing hedges | 0 | (11) | 0 |
Cash flow hedge/currency translation reserve- Discontinued hedges | € 3 | € 14 | € 0 |
Hedging derivatives - Net impac
Hedging derivatives - Net impact (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about hedged items [line items] | |||
Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, assets | € 460 | € 729 | € 340 |
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (941) | (64) | 8 |
Ineffective coverage recognised in the income statement | (45) | 51 | (28) |
Reclassified amount of reserves to the income statement | (801) | 851 | (1,112) |
Fair value hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective coverage recognised in the income statement | 18 | 104 | 58 |
Fair value hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective coverage recognised in the income statement | 46 | 9 | 5 |
Fair value hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective coverage recognised in the income statement | (55) | 1 | (3) |
Fair value hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective coverage recognised in the income statement | 27 | 92 | 56 |
Fair value hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective coverage recognised in the income statement | 0 | ||
Fair value hedges | Credit risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Ineffective coverage recognised in the income statement | 2 | ||
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (941) | (67) | 8 |
Ineffective coverage recognised in the income statement | (63) | (53) | (86) |
Reclassified amount of reserves to the income statement | (801) | 851 | (1,112) |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (494) | 69 | (263) |
Ineffective coverage recognised in the income statement | (33) | 7 | 1 |
Reclassified amount of reserves to the income statement | 269 | 118 | 8 |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 155 | (194) | 145 |
Ineffective coverage recognised in the income statement | 2 | 9 | (34) |
Reclassified amount of reserves to the income statement | (262) | (132) | (364) |
Cash flow hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (350) | 170 | 168 |
Ineffective coverage recognised in the income statement | (35) | (62) | (53) |
Reclassified amount of reserves to the income statement | (350) | 844 | (769) |
Cash flow hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (249) | (121) | (44) |
Ineffective coverage recognised in the income statement | 3 | (7) | 0 |
Reclassified amount of reserves to the income statement | (458) | 21 | 13 |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | (3) | 9 | 2 |
Ineffective coverage recognised in the income statement | 0 | 0 | 0 |
Reclassified amount of reserves to the income statement | 0 | 0 | 0 |
Hedges of net investment in foreign operations | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 3 | 0 | |
Ineffective coverage recognised in the income statement | 0 | 0 | |
Reclassified amount of reserves to the income statement | 0 | 0 | |
Hedges of net investment in foreign operations | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income | 0 | 3 | 0 |
Ineffective coverage recognised in the income statement | 0 | 0 | |
Reclassified amount of reserves to the income statement | € 0 | € 0 | € 0 |
Hedging derivatives - Reconcili
Hedging derivatives - Reconciliation of components of equity (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about hedged items [line items] | |||
Balance at beginning of year | € 295 | € 300 | € 277 |
Earnings (losses) recognized in other comprehensive income | (941) | (64) | 8 |
Amounts transferred to income statements | 801 | (851) | 1,112 |
Taxes | 278 | 5 | (17) |
Balance at end of year | (276) | 295 | 300 |
Cash flow hedges | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (941) | (67) | 8 |
Amounts transferred to income statements | 801 | (851) | 1,112 |
Cash flow hedges | Interest rate including other risks | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (494) | 67 | (264) |
Cash flow hedges | Interest rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (494) | 69 | (263) |
Amounts transferred to income statements | (269) | (118) | (8) |
Gain or loss in value CFE - recognized in equity | (225) | 185 | (256) |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 155 | (194) | 146 |
Cash flow hedges | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 155 | (194) | 145 |
Amounts transferred to income statements | 262 | 132 | 364 |
Gain or loss in value CFE - recognized in equity | (107) | (326) | (218) |
Cash flow hedges | Interest rate and exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (350) | 170 | 168 |
Amounts transferred to income statements | 350 | (844) | 769 |
Gain or loss in value CFE - recognized in equity | (700) | 1,014 | (601) |
Cash flow hedges | Inflation risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (249) | (121) | (44) |
Amounts transferred to income statements | 458 | (21) | (13) |
Gain or loss in value CFE - recognized in equity | (707) | (100) | (31) |
Cash flow hedges | Equity risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | (3) | 9 | 2 |
Amounts transferred to income statements | 0 | 0 | 0 |
Gain or loss in value CFE - recognized in equity | (3) | 9 | 2 |
Hedges of net investment in foreign operations | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 3 | 0 | |
Amounts transferred to income statements | 0 | 0 | |
Non-controlling interest | 92 | 56 | 32 |
Taxes | 278 | 5 | (17) |
Hedges of net investment in foreign operations | Exchange rate risk | |||
Disclosure of detailed information about hedged items [line items] | |||
Earnings (losses) recognized in other comprehensive income | 0 | 3 | 0 |
Amounts transferred to income statements | 0 | 0 | 0 |
Gain or loss in value CFE - recognized in equity | € 0 | € 3 | € 0 |
Interest income (Details)
Interest income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Interest income | |||
Loans and advances, central banks | € 476 | € 431 | € 1,314 |
Loans and advances, credit institutions | 916 | 894 | 1,785 |
Debt instruments | 5,724 | 5,022 | 6,378 |
Loans and advances, customers | 38,649 | 38,788 | 46,180 |
Other interest | 698 | 606 | 1,128 |
Total interest income | € 46,463 | € 45,741 | € 56,785 |
Interest expense (Details)
Interest expense (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Interest Expense | |||
Central banks deposits | € 338 | € 366 | € 468 |
Credit institution deposits | 1,140 | 1,652 | 2,576 |
Customer deposits | 5,452 | 5,599 | 10,137 |
Debt securities issued and subordinated liabilities | 4,838 | 5,119 | 6,679 |
Marketable debt securities | 4,190 | 4,548 | 6,034 |
Subordinated liabilities (note 23) | 648 | 571 | 645 |
Provisions for pensions (note 25) | 91 | 95 | 145 |
Lease Liabilities | 125 | 186 | 273 |
Other interest expense | 1,109 | 730 | 1,224 |
Interest expense | € 13,093 | € 13,747 | € 21,502 |
Dividend income (Details)
Dividend income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of financial assets [line items] | |||
Dividend income | € 513 | € 391 | € 533 |
Financial assets held for trading | |||
Disclosure of financial assets [line items] | |||
Dividend income | 369 | 272 | 388 |
Non-trading financial assets mandatorily at fair value through profit or loss | |||
Disclosure of financial assets [line items] | |||
Dividend income | 32 | 31 | 34 |
Financial assets at fair value through other comprehensive income | |||
Disclosure of financial assets [line items] | |||
Dividend income | € 112 | € 88 | € 111 |
Commission income (Details)
Commission income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Coming from collection and payment services | |||
Bills | € 214 | € 265 | € 328 |
Demand accounts | 1,408 | 1,284 | 1,382 |
Cards | 3,138 | 2,986 | 3,858 |
Orders | 503 | 484 | 478 |
Cheques and other | 139 | 110 | 155 |
Total collection and payment services | 5,402 | 5,129 | 6,201 |
Coming from non-banking financial products | |||
Investment funds | 992 | 888 | 943 |
Pension funds | 161 | 170 | 180 |
Insurance | 2,467 | 2,289 | 2,631 |
Total marketing of non-banking financial products | 3,620 | 3,347 | 3,754 |
Coming from Securities services | |||
Securities underwriting and placement | 431 | 394 | 364 |
Securities trading | 319 | 316 | 281 |
Administration and custody | 402 | 336 | 485 |
Asset management | 369 | 316 | 293 |
Total securities services | 1,521 | 1,362 | 1,423 |
Other | |||
Foreign exchange | 522 | 500 | 612 |
Financial guarantees | 415 | 409 | 521 |
Commitment fees | 442 | 366 | 293 |
Other fees and commissions | 1,890 | 1,911 | 2,545 |
Total other | 3,269 | 3,186 | 3,971 |
Total commission income | € 13,812 | € 13,024 | € 15,349 |
Commission expense (Details)
Commission expense (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Fee and commission expense [abstract] | |||
Commissions assigned to third parties | € 1,993 | € 1,856 | € 2,350 |
Cards | 1,355 | 1,249 | 1,616 |
By collection and return of effects | 16 | 12 | 12 |
Other fees assigned | 622 | 595 | 722 |
Other commissions paid | 1,317 | 1,153 | 1,220 |
Brokerage fees on lending and deposit transactions | 60 | 26 | 27 |
Sales of insurance and pension funds | 341 | 248 | 232 |
Other fees and commissions | 916 | 879 | 961 |
Total commission expense | € 3,310 | € 3,009 | € 3,570 |
Gains or losses on financial _3
Gains or losses on financial assets and liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Financial instruments | |||
Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net | € 628 | € 1,107 | € 1,136 |
Gains (losses) on financial assets at amortised cost | 89 | (31) | 308 |
Other financial assets and liabilities | 539 | 1,138 | 828 |
Gains or losses on financial assets and liabilities held for trading, net | 1,141 | 3,211 | 1,349 |
Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss | 132 | 82 | 292 |
Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net | 270 | (171) | (286) |
Gain or losses from hedge accounting, net | (46) | 51 | (28) |
Gains/losses on financial assets and liabilities, net | 2,125 | 4,280 | 2,463 |
Exchange differences, net | (562) | (2,093) | (932) |
Debt instruments | |||
Financial instruments | |||
Other financial assets and liabilities | € 567 | € 1,179 | € 804 |
Gains or losses on financial _4
Gains or losses on financial assets and liabilities - Financial assets (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Financial instruments | |||
Financial assets at fair value through profit or loss | € 138,446 | € 168,148 | € 175,210 |
Financial assets designated at fair value through profit or loss | 15,957 | 48,717 | 62,069 |
Loans and advances | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 34,812 | 46,589 | 59,624 |
Financial assets designated at fair value through profit or loss | 13,441 | 45,738 | 58,883 |
Central banks | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 3,608 | 9,481 | 6,473 |
Financial assets designated at fair value through profit or loss | 0 | 9,481 | 6,473 |
Credit institutions | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 13,549 | 12,139 | 21,649 |
Financial assets designated at fair value through profit or loss | 3,152 | 12,136 | 21,649 |
Customers | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 17,655 | 24,969 | 31,502 |
Financial assets designated at fair value through profit or loss | 10,289 | 24,121 | 30,761 |
Loans and advances - credit institutions and customers | |||
Financial instruments | |||
Reverse repurchase agreements | 26,060 | ||
Mortgage backed assets | 1,299 | ||
Debt instruments | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 30,223 | 41,573 | 36,402 |
Financial assets designated at fair value through profit or loss | 2,516 | 2,979 | 3,186 |
Spanish and foreign government securities | |||
Financial instruments | |||
Financial assets designated at fair value through profit or loss | 24,117 | ||
Equity instruments | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | 19,119 | 12,849 | 15,787 |
Derivatives | |||
Financial instruments | |||
Financial assets at fair value through profit or loss | € 54,292 | € 67,137 | € 63,397 |
Gains or losses on financial _5
Gains or losses on financial assets and liabilities - Financial liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Financial instruments | |||
Financial liabilities at fair value through profit or loss | € 112,202 | € 129,205 | € 138,134 |
Liabilities designated at fair value through profit or loss at initial recognition recognised in other comprehensive income | 81 | 119 | 26 |
Deposits | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 40,946 | 43,598 | 57,111 |
Repurchase agreements, value | 14,057 | ||
Central banks | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 1,645 | 2,490 | 12,854 |
Credit institutions | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 7,552 | 6,765 | 9,340 |
Customers | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 31,749 | 34,343 | 34,917 |
Marketable debt securities | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 5,454 | 4,440 | 3,758 |
Short positions | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 12,236 | 16,698 | 14,123 |
Derivatives | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | 53,566 | 64,469 | 63,016 |
Other financial liabilities | |||
Financial instruments | |||
Financial liabilities at fair value through profit or loss | € 0 | € 0 | € 126 |
Other operating income and ex_3
Other operating income and expenses (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of types of insurance contracts [line items] | |||
Insurance activity | € 211 | € 210 | € 120 |
Income from insurance and reinsurance contracts issued | 1,516 | 1,452 | 2,534 |
Expenses of insurance and reinsurance contracts | (1,305) | (1,242) | (2,414) |
Other operating income | 2,255 | 1,920 | 1,797 |
Non- financial services | 291 | 362 | 379 |
Other operating income | 1,964 | 1,558 | 1,418 |
Other operating expense | (2,442) | (2,342) | (2,138) |
Non-financial services | (283) | (350) | (351) |
Other operating expense | (2,159) | (1,992) | (1,787) |
Of which, credit institutions deposit guarantee fund and single resolution fund | (1,016) | (1,005) | (911) |
Total other operating income and expenses | 24 | (212) | (221) |
Life insurance | |||
Disclosure of types of insurance contracts [line items] | |||
Expenses of insurance and reinsurance contracts | (1,097) | (1,063) | (2,183) |
Insurance and reinsurance | |||
Disclosure of types of insurance contracts [line items] | |||
Income from insurance and reinsurance contracts issued | 1,381 | 1,349 | 2,404 |
Reinsurance | |||
Disclosure of types of insurance contracts [line items] | |||
Income from insurance and reinsurance contracts issued | 135 | 103 | 130 |
Expenses of insurance and reinsurance contracts | € (208) | € (179) | € (231) |
Staff costs - Breakdown (Detail
Staff costs - Breakdown (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Average headcount and number of offices | |||
Wages and salaries | € 8,466 | € 8,070 | € 8,987 |
Social security costs | 1,323 | 1,277 | 1,426 |
Additions to provisions for defined benefit pension plans (note 25) | 73 | 76 | 72 |
Contributions to defined contribution pension funds | 286 | 283 | 292 |
Other Staff costs | 1,068 | 1,077 | 1,364 |
Total personnel expenses | € 11,216 | € 10,783 | € 12,141 |
Staff costs - Headcount (Detail
Staff costs - Headcount (Details) - numberOfPerson | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Number of employees | |||
Average number of employees | 192,505 | 193,891 | 201,114 |
Total number of employees | 197,070 | 191,189 | 196,419 |
Average number of employees with disabilities | 3,703 | 3,577 | 3,584 |
Banco Santander, S.A. | |||
Number of employees | |||
Average number of employees with disabilities | 288 | 319 | 318 |
Threshold degree of disability (as a percent) | 33.00% | ||
Number of employees with disabilities at end of period | 307 | 317 | 295 |
The Bank Personnel | |||
Number of employees | |||
Average number of employees | 24,512 | 27,503 | 30,009 |
Executive directors and Senior management | |||
Number of employees | |||
Average number of employees | 19 | 21 | 20 |
Other line personnel | |||
Number of employees | |||
Average number of employees | 23,343 | 26,527 | 29,147 |
Branches abroad | |||
Number of employees | |||
Average number of employees | 1,150 | 955 | 842 |
Rest of Spain | |||
Number of employees | |||
Average number of employees | 10,348 | 8,878 | 8,269 |
Santander UK | |||
Number of employees | |||
Average number of employees | 15,463 | 16,790 | 17,961 |
Banco Santander (Brasil) S.A. | |||
Number of employees | |||
Average number of employees | 46,269 | 44,554 | 47,253 |
Other companies | |||
Number of employees | |||
Average number of employees | 95,913 | 96,166 | 97,622 |
Senior executives/management | |||
Number of employees | |||
Number of employees - men | 1,580 | ||
Number of employees - women | 565 | ||
Percentage of employees - men | 74.00% | ||
Percentage of employees - women | 26.00% | ||
Average number of employees with disabilities | 10 | ||
Other executives | |||
Number of employees | |||
Number of employees - men | 11,001 | ||
Number of employees - women | 6,443 | ||
Percentage of employees - men | 63.00% | ||
Percentage of employees - women | 37.00% | ||
Other personnel | |||
Number of employees | |||
Number of employees - men | 77,370 | ||
Number of employees - women | 100,111 | ||
Percentage of employees - men | 44.00% | ||
Percentage of employees - women | 56.00% | ||
Management | |||
Number of employees | |||
Average number of employees with disabilities | 115 | ||
Collaborators | |||
Number of employees | |||
Average number of employees with disabilities | 3,578 | ||
Europe | Senior executives/management | |||
Number of employees | |||
Number of employees - men | 1,039 | ||
Number of employees - women | 390 | ||
Percentage of employees - men | 73.00% | ||
Percentage of employees - women | 27.00% | ||
Europe | Other executives | |||
Number of employees | |||
Number of employees - men | 6,865 | ||
Number of employees - women | 3,926 | ||
Percentage of employees - men | 64.00% | ||
Percentage of employees - women | 36.00% | ||
Europe | Other personnel | |||
Number of employees | |||
Number of employees - men | 29,934 | ||
Number of employees - women | 37,773 | ||
Percentage of employees - men | 44.00% | ||
Percentage of employees - women | 56.00% | ||
North America | Senior executives/management | |||
Number of employees | |||
Number of employees - men | 223 | ||
Number of employees - women | 60 | ||
Percentage of employees - men | 79.00% | ||
Percentage of employees - women | 21.00% | ||
North America | Other executives | |||
Number of employees | |||
Number of employees - men | 1,181 | ||
Number of employees - women | 583 | ||
Percentage of employees - men | 67.00% | ||
Percentage of employees - women | 33.00% | ||
North America | Other personnel | |||
Number of employees | |||
Number of employees - men | 18,299 | ||
Number of employees - women | 23,226 | ||
Percentage of employees - men | 44.00% | ||
Percentage of employees - women | 56.00% | ||
South America | Senior executives/management | |||
Number of employees | |||
Number of employees - men | 318 | ||
Number of employees - women | 115 | ||
Percentage of employees - men | 73.00% | ||
Percentage of employees - women | 27.00% | ||
South America | Other executives | |||
Number of employees | |||
Number of employees - men | 2,955 | ||
Number of employees - women | 1,934 | ||
Percentage of employees - men | 60.00% | ||
Percentage of employees - women | 40.00% | ||
South America | Other personnel | |||
Number of employees | |||
Number of employees - men | 29,137 | ||
Number of employees - women | 39,112 | ||
Percentage of employees - men | 43.00% | ||
Percentage of employees - women | 57.00% | ||
Spain | |||
Number of employees | |||
Threshold degree of disability (as a percent) | 33.00% |
Staff costs - Deferred conditio
Staff costs - Deferred conditional plans (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Immediate payment percentage | 40.00% | ||
Deferred percentage | 60.00% | ||
Total achievement of incentive (in percentage) | 83.00% | ||
Deferred conditional variable remuneration plan sixth cycle | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years | ||
Immediate payment percentage | 60.00% | ||
Deferred percentage | 40.00% | ||
Deferred conditional variable remuneration plan fourth and fifth cycles | Executive directors and members of identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 2.6 | ||
Immediate payment percentage | 40.00% | ||
Deferred percentage | 60.00% | ||
Deferred conditional variable remuneration plan fourth and fifth cycles | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Immediate payment percentage | 50.00% | ||
Deferred percentage | 50.00% | ||
Deferred conditional variable remuneration plan fourth and fifth cycles | Other beneficiaries | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years | ||
Immediate payment percentage | 60.00% | ||
Deferred percentage | 40.00% | ||
Deferred conditional variable remuneration plan fifth cycle | Executive directors and members of identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Deferred conditional variable remuneration plan fifth cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Deferred conditional variable remuneration plan fourth cycle | Executive directors and members of identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years | ||
Deferred conditional variable remuneration plan fourth cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years | ||
Deferred conditional variable remuneration plan seventh, eighth, and ninth cycles | Other beneficiaries | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years | ||
Immediate payment percentage | 60.00% | ||
Deferred percentage | 40.00% | ||
Deferred conditional variable remuneration plan seventh, eighth, and ninth cycles | Beneficiaries with target total variable remuneration higher or equal to 2.7 million euros | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Gross variable remuneration benchmark threshold | € 2.7 | ||
Immediate payment percentage | 40.00% | ||
Deferred percentage | 60.00% | ||
Deferred conditional variable remuneration plan seventh, eighth, and ninth cycles | Beneficiaries with target total variable remuneration between 1.7 and 2.7 million euros | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Immediate payment percentage | 50.00% | ||
Deferred percentage | 50.00% | ||
Deferred variable compensation plan linked to multiannual objectives | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Deferred percentage | 60.00% | ||
Deferred multiyear objectives variable remuneration plan first cycle | Executive directors and members of identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Gross variable remuneration benchmark threshold | € 2.7 | ||
Immediate payment percentage | 40.00% | ||
Deferred percentage | 60.00% | ||
Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Immediate payment percentage | 50.00% | ||
Deferred percentage | 50.00% | ||
Deferred multiyear objectives variable remuneration plan first cycle | Other beneficiaries | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years | ||
Immediate payment percentage | 60.00% | ||
Deferred percentage | 40.00% | ||
Digital Transformation Award | |||
Share-based payment arrangement | |||
Total achievement of incentive (in percentage) | 85.00% | ||
Minimum | Deferred conditional variable remuneration plan fourth and fifth cycles | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 1.7 | ||
Minimum | Deferred conditional variable remuneration plan fourth cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | 1.8 | ||
Minimum | Deferred conditional variable remuneration plan seventh, eighth, and ninth cycles | Beneficiaries with target total variable remuneration between 1.7 and 2.7 million euros | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 1.7 | ||
Minimum | Deferred variable compensation plan linked to multiannual objectives | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years | ||
Minimum | Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 1.7 | ||
Minimum | Digital Transformation Award | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years | ||
Total achievement of incentive (in percentage) | 77.50% | ||
Maximum | Deferred conditional variable remuneration plan fourth and fifth cycles | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 2.6 | ||
Maximum | Deferred conditional variable remuneration plan seventh, eighth, and ninth cycles | Beneficiaries with target total variable remuneration between 1.7 and 2.7 million euros | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 2.7 | ||
Maximum | Deferred variable compensation plan linked to multiannual objectives | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Maximum | Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |||
Share-based payment arrangement | |||
Gross variable remuneration benchmark threshold | € 2.7 | ||
Maximum | Digital Transformation Award | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years | ||
Minimum | Deferred conditional variable remuneration plan fifth, seventh, eighth, ninth, tenth, and eleventh cycles | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 3 years | ||
Maximum | Deferred conditional variable remuneration plan fifth, seventh, eighth, ninth, tenth, and eleventh cycles | |||
Share-based payment arrangement | |||
Variable Remuneration or bonus deferral period | 5 years |
Staff costs - Deferred multiyea
Staff costs - Deferred multiyear objectives variable plan (Details) € in Millions | 12 Months Ended |
Dec. 31, 2021EUR (€)associates_JointVenturesOrCompaniesnumberOfTradingSessions | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Immediate payment percentage | 40.00% |
Deferred percentage | 60.00% |
Deferred variable compensation plan linked to multiannual objectives | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Number of trading sessions | numberOfTradingSessions | 15 |
Deferred percentage | 60.00% |
Deferred variable compensation plan linked to multiannual objectives | Minimum | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 3 years |
Deferred variable compensation plan linked to multiannual objectives | Maximum | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Deferred multiyear objectives variable remuneration plan first cycle | Executive directors and members of identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Gross variable remuneration benchmark threshold | € 2.7 |
Immediate payment percentage | 40.00% |
Deferred percentage | 60.00% |
Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Immediate payment percentage | 50.00% |
Deferred percentage | 50.00% |
Percentage of entity economic capital | 1.00% |
Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | Minimum | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € 1.7 |
Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | Maximum | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € 2.7 |
Deferred multiyear objectives variable remuneration plan first cycle | Other beneficiaries | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 3 years |
Immediate payment percentage | 60.00% |
Deferred percentage | 40.00% |
Deferred multiyear objectives variable remuneration plan second and third cycles | |
Share-based payment arrangement | |
Number of credit institutions included in reference group | associates_JointVenturesOrCompanies | 17 |
Deferred multiyear objectives variable remuneration plan fourth cycle | |
Share-based payment arrangement | |
Number of credit institutions included in reference group | associates_JointVenturesOrCompanies | 9 |
Staff costs - Digital transform
Staff costs - Digital transformation award (Details) € in Millions, customer in Millions | 12 Months Ended |
Dec. 31, 2021EUR (€)numberOfSalesProgramsnumberOfPersonnumberOfGeographiescountrycustomercasemarket | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Digital Transformation Award | |
Share-based payment arrangement | |
Maximum beneficiaries (in employees) | numberOfPerson | 250 |
Maximum amount of incentive | € | € 30 |
Number of markets with OpenBank | market | 3 |
Minimum number of countries with SuperDigital, excluding Brazil | 1 |
Percent awarded in shares | 50.00% |
Percent awarded in options over shares | 50.00% |
Options, vesting period | 10 years |
Digital Transformation Award | Maximum | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Digital Transformation Award | Minimum | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 3 years |
Digital Transformation Award 2020 | |
Share-based payment arrangement | |
Number of geographies with global merchant services platform | numberOfGeographies | 3 |
Number of geographies with global trade services platform | numberOfGeographies | 8 |
Number of geographies with global platform SuperDigital | 4 |
Number of priority use cases with machine learning deployment | case | 4 |
Number of sales programs with conversion rate optimization roll-out | numberOfSalesPrograms | 40 |
Number of countries with PagoFX global platform | 4 |
Digital Transformation Award 2021 | |
Share-based payment arrangement | |
Number of countries with Superdigital implemented | 7 |
Number of active customers using Pago Nxt | customer | 1.5 |
Number of customers acquired in Pago Nxt (in percentage) | 50.00% |
Maximum number of active countries with One Common Mobile Experience | 4 |
Minimum number of active countries with One Common Mobile Experience | 3 |
Minimum number of countries with One Common Mobile Experience as top three rated entity | 2 |
Maximum number of countries with One Common Mobile Experience as top three rated entity | 4 |
Minimum migratable virtual machines on cloud technology (in percentage) | 75.00% |
Digital Transformation Award 2020 & 2021 | |
Share-based payment arrangement | |
Options, vesting period | 8 years |
Deferred multiyear objectives variable remuneration plan first cycle | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Variable Remuneration or bonus deferral period | 5 years |
Deferred multiyear objectives variable remuneration plan first cycle | Maximum | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € | € 2.7 |
Deferred multiyear objectives variable remuneration plan first cycle | Minimum | Senior managers, country heads, other executives and identified staff with total variable remuneration specified amount | |
Share-based payment arrangement | |
Gross variable remuneration benchmark threshold | € | € 1.7 |
Staff costs - Santander UK plc
Staff costs - Santander UK plc (Details) £ / shares in Units, shares in Thousands | 12 Months Ended | |||
Dec. 31, 2021shares€ / £Argentian_peso / €contractnumberOfPerson£ / shares | Dec. 31, 2020sharesArgentian_peso / €€ / £numberOfPersoncontract£ / shares | Dec. 31, 2019shares€ / £numberOfPersoncontract£ / shares | Dec. 31, 2008GBP (£)tradingSession | |
Share-based payment arrangement | ||||
Exchange rate | Argentian_peso / € | 116.30 | 103.16 | ||
Santander UK | Sharesave plan | ||||
Share-based payment arrangement | ||||
Number of shares outstanding, beginning of period | 21,162 | 23,373 | 26,838 | |
Options granted (in shares) | 9,414 | 11,642 | 9,594 | |
Options exercised | (48) | (860) | (7,978) | |
Options cancelled (net) or not exercised | (4,592) | (12,993) | (5,081) | |
Number of share options outstanding, end of period | 25,936 | 21,162 | 23,373 | |
Options granted (in GBP per share) | £ / shares | £ 2.43 | £ 1.65 | £ 2.83 | |
Options exercised (in GBP per share) | £ / shares | 1.86 | 2.75 | 2.83 | |
Options cancelled (net) or not exercised (in GBP per share) | £ / shares | £ 2.95 | £ 2.96 | £ 3.42 | |
Number of persons | numberOfPerson | 4,142 | 5,012 | 5,606 | |
Exchange rate | € / £ | 1.1904 | 1.1168 | 1.1754 | |
Minimum number of accounts/contracts per employee | contract | 1 | 1 | 1 | |
Percentage employees may reduce the average purchase and sale prices of shares under the Sharesave Scheme | 20.00% | |||
Number of trading sessions | tradingSession | 3 | |||
Santander UK | Sharesave plan | Minimum | ||||
Share-based payment arrangement | ||||
Employee contributions deducted from their net monthly pay | £ | £ 5 | |||
Period of time the employee contributions are deducted from their net monthly pay for the voluntary Sharesave Scheme | 3 years | |||
Period for approval of the Sharesave Scheme by UK tax authorities | 21 days | |||
Santander UK | Sharesave plan | Maximum | ||||
Share-based payment arrangement | ||||
Employee contributions deducted from their net monthly pay | £ | £ 500 | |||
Period of time the employee contributions are deducted from their net monthly pay for the voluntary Sharesave Scheme | 5 years | |||
Period for approval of the Sharesave Scheme by UK tax authorities | 41 days |
Staff costs - Fair value (Detai
Staff costs - Fair value (Details) - £ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share-based payment arrangement | |||
Weighted average grant-date fair value of options granted (in GBP per share) | £ 0.20 | £ 0.21 | £ 0.49 |
Deferred variable compensation plan linked to multiannual objectives | |||
Share-based payment arrangement | |||
Fair value of plan, initial achievement (as a percent) | 70.00% | ||
Deferred variable compensation plan linked to multiannual objectives | Minimum | |||
Share-based payment arrangement | |||
Reasonable initial achievement ratio (as a percent) | 60.00% | ||
Deferred variable compensation plan linked to multiannual objectives | Maximum | |||
Share-based payment arrangement | |||
Reasonable initial achievement ratio (as a percent) | 80.00% | ||
Performance share plan second cycle | |||
Share-based payment arrangement | |||
Fair value of plan, initial achievement (as a percent) | 70.00% |
Other general administrative _3
Other general administrative expenses - Breakdown of other general administrative expenses (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other General Administrative Expense | |||
Technology and systems | € 2,182 | € 2,119 | € 2,161 |
Property, fixtures and supplies (note 2.k) | 789 | 827 | 975 |
Technical reports | 689 | 672 | 677 |
Taxes other than income tax | 558 | 537 | 522 |
Advertising | 510 | 523 | 685 |
Communications | 401 | 473 | 518 |
Surveillance and cash courier services | 306 | 325 | 416 |
Insurance premiums | 109 | 88 | 86 |
Per diems and travel expenses | 69 | 73 | 226 |
Other administrative expenses | 1,830 | 1,900 | 1,872 |
Other general administrative expenses | € 7,443 | € 7,537 | € 8,138 |
Other general administrative _4
Other general administrative expenses - Technical reports and other (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other General Administrative Expense | |||
Audit fees | € 103.7 | € 99.4 | € 102.4 |
Audit-related fees | 6 | 6 | 7.8 |
Tax fees | 0.7 | 0.8 | 0.7 |
All other fees | 2.4 | 1.2 | 2.3 |
Total | 112.8 | 107.4 | 113.2 |
Commissioned services from audit firms | € 263.8 | € 172.4 | € 227.6 |
Other general administrative _5
Other general administrative expenses - Number of offices (Details) - branch | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of geographical areas [line items] | |||
Number of offices | 9,879 | 11,236 | 11,952 |
Spain | |||
Disclosure of geographical areas [line items] | |||
Number of offices | 1,998 | 2,989 | 3,286 |
Group | |||
Disclosure of geographical areas [line items] | |||
Number of offices | 7,881 | 8,247 | 8,666 |
Gains or losses on non financ_3
Gains or losses on non financial assets, net (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of gains losses on disposals of non-financial assets [Line items] | |||
Tangible and intangible assets, gains | € 87 | € 89 | € 131 |
Investments, gains | 2 | 60 | 1,219 |
Gains on disposals of tangible and intangible assets and investments | 89 | 149 | 1,350 |
Tangible and intangible assets, losses | (36) | (34) | (55) |
Investments, losses | 0 | (1) | (4) |
Losses on disposals of tangible and intangible assets and investments | (36) | (35) | (59) |
Gains (losses) on disposal of assets not classified as non-current assets held for sale, total | 53 | 114 | 1,291 |
Custody Business (note 3) | |||
Disclosure of gains losses on disposals of non-financial assets [Line items] | |||
Investments, gains | 0 | 0 | 989 |
Prisma | |||
Disclosure of gains losses on disposals of non-financial assets [Line items] | |||
Investments, gains | € 0 | € 0 | € 194 |
Gains or losses on non-curren_3
Gains or losses on non-current assets held for sale not classified as discontinued operations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Tangible assets | € (52) | € (171) | € (232) |
Impairment | (141) | (215) | (146) |
Gain (loss) on sale | 53 | 114 | 1,291 |
Other gains and other losses | 9 | 0 | 0 |
Gains or losses on non-current assets held for sale not classified as discontinued operations | (43) | (171) | (232) |
Non-current assets held for sale | |||
Gains Or Losses On Assets Held For Sale [Line Items] | |||
Impairment | (239) | (250) | (279) |
Gain (loss) on sale | € 89 | € 44 | € (86) |
Other disclosures - Residual ma
Other disclosures - Residual maturity periods and average interest rates (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
ASSETS | ||||
Cash and cash equivalents | € 210,689 | € 153,839 | € 101,067 | € 113,663 |
Financial assets measured at fair value through other comprehensive income | 105,585 | 118,170 | 122,845 | |
Financial assets at amortised cost | 1,037,898 | 958,378 | 995,482 | |
Total certain assets | 1,354,172 | 1,230,387 | 1,219,394 | |
Liabilities | ||||
Financial liabilities at amortized cost | 1,349,169 | 1,248,188 | 1,230,745 | |
Difference (assets less liabilities) | 5,003 | (17,801) | (11,351) | |
On demand | ||||
ASSETS | ||||
Cash and cash equivalents | 210,689 | 153,839 | 101,067 | |
Financial assets measured at fair value through other comprehensive income | 0 | 0 | 0 | |
Financial assets at amortised cost | 35,520 | 51,513 | 51,702 | |
Total certain assets | 246,209 | 205,352 | 152,769 | |
Liabilities | ||||
Financial liabilities at amortized cost | 718,435 | 640,613 | 619,003 | |
Difference (assets less liabilities) | (472,226) | (435,261) | (466,234) | |
Within 1 month | ||||
ASSETS | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Financial assets measured at fair value through other comprehensive income | 10,378 | 6,664 | 6,933 | |
Financial assets at amortised cost | 89,819 | 57,047 | 73,890 | |
Total certain assets | 100,197 | 63,711 | 80,823 | |
Liabilities | ||||
Financial liabilities at amortized cost | 98,928 | 84,875 | 99,203 | |
Difference (assets less liabilities) | 1,269 | (21,164) | (18,380) | |
1 to 3 months | ||||
ASSETS | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Financial assets measured at fair value through other comprehensive income | 9,507 | 4,420 | 2,704 | |
Financial assets at amortised cost | 72,018 | 60,288 | 76,229 | |
Total certain assets | 81,525 | 64,708 | 78,933 | |
Liabilities | ||||
Financial liabilities at amortized cost | 70,085 | 90,394 | 88,546 | |
Difference (assets less liabilities) | 11,440 | (25,686) | (9,613) | |
3 to 12 months | ||||
ASSETS | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Financial assets measured at fair value through other comprehensive income | 10,447 | 7,738 | 7,689 | |
Financial assets at amortised cost | 121,272 | 109,561 | 116,511 | |
Total certain assets | 131,719 | 117,299 | 124,200 | |
Liabilities | ||||
Financial liabilities at amortized cost | 99,223 | 93,296 | 159,120 | |
Difference (assets less liabilities) | 32,496 | 24,003 | (34,920) | |
1 to 3 years | ||||
ASSETS | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Financial assets measured at fair value through other comprehensive income | 20,001 | 19,923 | 19,101 | |
Financial assets at amortised cost | 154,345 | 150,399 | 150,365 | |
Total certain assets | 174,346 | 170,322 | 169,466 | |
Liabilities | ||||
Financial liabilities at amortized cost | 194,879 | 175,238 | 134,799 | |
Difference (assets less liabilities) | (20,533) | (4,916) | 34,667 | |
3 to 5 years | ||||
ASSETS | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Financial assets measured at fair value through other comprehensive income | 17,745 | 21,302 | 17,989 | |
Financial assets at amortised cost | 130,456 | 120,376 | 103,584 | |
Total certain assets | 148,201 | 141,678 | 121,573 | |
Liabilities | ||||
Financial liabilities at amortized cost | 98,210 | 80,041 | 61,282 | |
Difference (assets less liabilities) | 49,991 | 61,637 | 60,291 | |
More than 5 years | ||||
ASSETS | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Financial assets measured at fair value through other comprehensive income | 37,507 | 58,123 | 68,429 | |
Financial assets at amortised cost | 434,468 | 409,194 | 423,201 | |
Total certain assets | 471,975 | 467,317 | 491,630 | |
Liabilities | ||||
Financial liabilities at amortized cost | 69,409 | 83,731 | 68,792 | |
Difference (assets less liabilities) | 402,566 | 383,586 | 422,838 | |
Deposits | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 1,078,587 | 990,391 | 942,417 | |
Deposits | On demand | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 711,377 | 632,305 | 607,051 | |
Deposits | Within 1 month | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 81,269 | 64,630 | 76,101 | |
Deposits | 1 to 3 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 45,687 | 67,707 | 61,627 | |
Deposits | 3 to 12 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 64,096 | 61,142 | 111,190 | |
Deposits | 1 to 3 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 117,585 | 109,856 | 64,781 | |
Deposits | 3 to 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 52,658 | 32,464 | 14,224 | |
Deposits | More than 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 5,915 | 22,287 | 7,443 | |
Central banks | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 139,757 | 112,804 | 62,468 | |
Central banks | On demand | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 92 | 150 | 99 | |
Central banks | Within 1 month | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 4,657 | 5,204 | 462 | |
Central banks | 1 to 3 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 1,204 | 5,295 | 64 | |
Central banks | 3 to 12 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 2,130 | 3,216 | 33,229 | |
Central banks | 1 to 3 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 91,651 | 83,112 | 28,424 | |
Central banks | 3 to 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 40,013 | 15,827 | 190 | |
Central banks | More than 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 10 | 0 | 0 | |
Credit institutions | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 52,235 | 62,620 | 90,501 | |
Credit institutions | On demand | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 12,854 | 14,370 | 23,526 | |
Credit institutions | Within 1 month | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 3,493 | 7,158 | 14,494 | |
Credit institutions | 1 to 3 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 12,715 | 15,227 | 18,922 | |
Credit institutions | 3 to 12 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 12,507 | 9,940 | 14,245 | |
Credit institutions | 1 to 3 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 4,712 | 5,618 | 9,327 | |
Credit institutions | 3 to 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 1,981 | 5,934 | 5,668 | |
Credit institutions | More than 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 3,973 | 4,373 | 4,319 | |
Customers | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 886,595 | 814,967 | 789,448 | |
Customers | On demand | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 698,431 | 617,785 | 583,426 | |
Customers | Within 1 month | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 73,119 | 52,268 | 61,145 | |
Customers | 1 to 3 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 31,768 | 47,185 | 42,641 | |
Customers | 3 to 12 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 49,459 | 47,986 | 63,716 | |
Customers | 1 to 3 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 21,222 | 21,126 | 27,030 | |
Customers | 3 to 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 10,664 | 10,703 | 8,366 | |
Customers | More than 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 1,932 | 17,914 | 3,124 | |
Marketable debt securities | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 240,709 | 230,829 | 258,219 | |
Marketable debt securities | On demand | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 0 | 0 | 0 | |
Marketable debt securities | Within 1 month | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 13,599 | 14,981 | 16,008 | |
Marketable debt securities | 1 to 3 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 17,951 | 18,276 | 22,569 | |
Marketable debt securities | 3 to 12 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 29,798 | 30,994 | 47,808 | |
Marketable debt securities | 1 to 3 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 71,333 | 59,526 | 65,545 | |
Marketable debt securities | 3 to 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 45,198 | 47,143 | 46,577 | |
Marketable debt securities | More than 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 62,830 | 59,909 | 59,712 | |
Other financial liabilities | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 29,873 | 26,968 | 30,109 | |
Other financial liabilities | On demand | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 7,058 | 8,308 | 11,952 | |
Other financial liabilities | Within 1 month | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 4,060 | 5,264 | 7,094 | |
Other financial liabilities | 1 to 3 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 6,447 | 4,411 | 4,350 | |
Other financial liabilities | 3 to 12 months | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 5,329 | 1,160 | 122 | |
Other financial liabilities | 1 to 3 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 5,961 | 5,856 | 4,473 | |
Other financial liabilities | 3 to 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 354 | 434 | 481 | |
Other financial liabilities | More than 5 years | ||||
Liabilities | ||||
Financial liabilities at amortized cost | 664 | 1,535 | 1,637 | |
Debt instruments | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 97,922 | 108,903 | 118,405 | |
Financial assets at amortised cost | 35,708 | 26,078 | 29,789 | |
Debt instruments | On demand | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 0 | 0 | 0 | |
Financial assets at amortised cost | 0 | 0 | 0 | |
Debt instruments | Within 1 month | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 10,352 | 6,664 | 6,879 | |
Financial assets at amortised cost | 2,229 | 2,857 | 1,563 | |
Debt instruments | 1 to 3 months | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 9,246 | 4,244 | 2,699 | |
Financial assets at amortised cost | 1,983 | 1,327 | 1,847 | |
Debt instruments | 3 to 12 months | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 9,609 | 7,019 | 7,554 | |
Financial assets at amortised cost | 4,171 | 5,760 | 3,073 | |
Debt instruments | 1 to 3 years | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 19,133 | 18,365 | 17,489 | |
Financial assets at amortised cost | 2,205 | 3,059 | 2,549 | |
Debt instruments | 3 to 5 years | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 16,494 | 19,969 | 17,063 | |
Financial assets at amortised cost | 15,388 | 5,257 | 3,642 | |
Debt instruments | More than 5 years | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 33,088 | 52,642 | 66,721 | |
Financial assets at amortised cost | 9,732 | 7,818 | 17,115 | |
Loans and advances | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 7,663 | 9,267 | 4,440 | |
Financial assets at amortised cost | 1,002,190 | 932,300 | 965,693 | |
Loans and advances | On demand | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 0 | 0 | 0 | |
Financial assets at amortised cost | 35,520 | 51,513 | 51,702 | |
Loans and advances | Within 1 month | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 26 | 0 | 54 | |
Financial assets at amortised cost | 87,590 | 54,190 | 72,327 | |
Loans and advances | 1 to 3 months | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 261 | 176 | 5 | |
Financial assets at amortised cost | 70,035 | 58,961 | 74,382 | |
Loans and advances | 3 to 12 months | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 838 | 719 | 135 | |
Financial assets at amortised cost | 117,101 | 103,801 | 113,438 | |
Loans and advances | 1 to 3 years | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 868 | 1,558 | 1,612 | |
Financial assets at amortised cost | 152,140 | 147,340 | 147,816 | |
Loans and advances | 3 to 5 years | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 1,251 | 1,333 | 926 | |
Financial assets at amortised cost | 115,068 | 115,119 | 99,942 | |
Loans and advances | More than 5 years | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 4,419 | 5,481 | 1,708 | |
Financial assets at amortised cost | 424,736 | 401,376 | 406,086 | |
Customers | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 7,663 | 9,267 | 4,440 | |
Financial assets at amortised cost | 947,364 | 881,963 | 906,276 | |
Customers | On demand | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 0 | 0 | 0 | |
Financial assets at amortised cost | 23,671 | 30,176 | 34,037 | |
Customers | Within 1 month | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 26 | 0 | 54 | |
Financial assets at amortised cost | 62,004 | 39,023 | 49,018 | |
Customers | 1 to 3 months | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 261 | 176 | 5 | |
Financial assets at amortised cost | 60,275 | 54,416 | 69,780 | |
Customers | 3 to 12 months | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 838 | 719 | 135 | |
Financial assets at amortised cost | 112,559 | 99,891 | 106,003 | |
Customers | 1 to 3 years | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 868 | 1,558 | 1,612 | |
Financial assets at amortised cost | 152,047 | 143,460 | 143,853 | |
Customers | 3 to 5 years | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 1,251 | 1,333 | 926 | |
Financial assets at amortised cost | 114,918 | 115,085 | 99,514 | |
Customers | More than 5 years | ||||
ASSETS | ||||
Financial assets measured at fair value through other comprehensive income | 4,419 | 5,481 | 1,708 | |
Financial assets at amortised cost | 421,890 | 399,912 | 404,071 | |
Central banks | ||||
ASSETS | ||||
Financial assets at amortised cost | 15,657 | 12,499 | 18,474 | |
Central banks | On demand | ||||
ASSETS | ||||
Financial assets at amortised cost | 0 | 0 | 0 | |
Central banks | Within 1 month | ||||
ASSETS | ||||
Financial assets at amortised cost | 14,544 | 10,762 | 17,086 | |
Central banks | 1 to 3 months | ||||
ASSETS | ||||
Financial assets at amortised cost | 0 | 0 | 0 | |
Central banks | 3 to 12 months | ||||
ASSETS | ||||
Financial assets at amortised cost | 0 | 0 | 0 | |
Central banks | 1 to 3 years | ||||
ASSETS | ||||
Financial assets at amortised cost | 0 | 673 | 0 | |
Central banks | 3 to 5 years | ||||
ASSETS | ||||
Financial assets at amortised cost | 0 | 0 | 0 | |
Central banks | More than 5 years | ||||
ASSETS | ||||
Financial assets at amortised cost | 1,113 | 1,064 | 1,388 | |
Credit institutions | ||||
ASSETS | ||||
Financial assets at amortised cost | 39,169 | 37,838 | 40,943 | |
Credit institutions | On demand | ||||
ASSETS | ||||
Financial assets at amortised cost | 11,849 | 21,337 | 17,665 | |
Credit institutions | Within 1 month | ||||
ASSETS | ||||
Financial assets at amortised cost | 11,042 | 4,405 | 6,223 | |
Credit institutions | 1 to 3 months | ||||
ASSETS | ||||
Financial assets at amortised cost | 9,760 | 4,545 | 4,602 | |
Credit institutions | 3 to 12 months | ||||
ASSETS | ||||
Financial assets at amortised cost | 4,542 | 3,910 | 7,435 | |
Credit institutions | 1 to 3 years | ||||
ASSETS | ||||
Financial assets at amortised cost | 93 | 3,207 | 3,963 | |
Credit institutions | 3 to 5 years | ||||
ASSETS | ||||
Financial assets at amortised cost | 150 | 34 | 428 | |
Credit institutions | More than 5 years | ||||
ASSETS | ||||
Financial assets at amortised cost | € 1,733 | € 400 | € 627 |
Other disclosures - Contractual
Other disclosures - Contractual maturities of liabilities at amortised cost (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Liabilities | |||
Undiscounted financial liabilities at amortised cost | € 1,339,819 | € 1,236,632 | € 1,220,145 |
On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 712,188 | 637,351 | 615,078 |
Within 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 93,229 | 83,434 | 99,245 |
1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 70,507 | 90,987 | 88,369 |
3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 98,843 | 92,728 | 157,899 |
1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 195,435 | 172,827 | 132,136 |
3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 98,752 | 78,812 | 60,338 |
More than 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 70,865 | 80,493 | 67,080 |
Deposits | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 1,062,937 | 982,761 | 934,147 |
Deposits | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 705,129 | 629,043 | 603,126 |
Deposits | Within 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 75,102 | 62,872 | 75,899 |
Deposits | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 45,552 | 67,567 | 61,107 |
Deposits | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 62,896 | 60,465 | 109,747 |
Deposits | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 116,343 | 108,326 | 63,013 |
Deposits | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 52,031 | 32,260 | 14,027 |
Deposits | More than 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 5,884 | 22,228 | 7,228 |
Central banks | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 138,992 | 112,494 | 61,844 |
Central banks | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 83 | 150 | 99 |
Central banks | Within 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 4,657 | 5,204 | 454 |
Central banks | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 1,205 | 5,293 | 41 |
Central banks | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 2,131 | 3,217 | 32,805 |
Central banks | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 91,327 | 82,803 | 28,255 |
Central banks | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 39,579 | 15,827 | 190 |
Central banks | More than 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 10 | 0 | 0 |
Credit institutions | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 51,133 | 61,574 | 88,893 |
Credit institutions | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 12,683 | 14,334 | 23,348 |
Credit institutions | Within 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 3,491 | 7,158 | 14,491 |
Credit institutions | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 12,693 | 15,209 | 18,810 |
Credit institutions | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 11,867 | 9,606 | 14,134 |
Credit institutions | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 4,504 | 5,031 | 8,519 |
Credit institutions | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 1,945 | 5,903 | 5,478 |
Credit institutions | More than 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 3,950 | 4,333 | 4,113 |
Customers | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 872,812 | 808,693 | 783,410 |
Customers | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 692,363 | 614,559 | 579,679 |
Customers | Within 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 66,954 | 50,510 | 60,954 |
Customers | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 31,654 | 47,065 | 42,256 |
Customers | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 48,898 | 47,642 | 62,808 |
Customers | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 20,512 | 20,492 | 26,239 |
Customers | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 10,507 | 10,530 | 8,359 |
Customers | More than 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 1,924 | 17,895 | 3,115 |
Marketable debt securities | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 247,009 | 226,903 | 255,889 |
Marketable debt securities | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 0 | 0 | 0 |
Marketable debt securities | Within 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 14,067 | 15,298 | 16,252 |
Marketable debt securities | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 18,508 | 19,009 | 22,912 |
Marketable debt securities | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 30,618 | 31,103 | 48,030 |
Marketable debt securities | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 73,131 | 58,645 | 64,650 |
Marketable debt securities | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 46,367 | 46,118 | 45,830 |
Marketable debt securities | More than 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 64,318 | 56,730 | 58,215 |
Other financial liabilities | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 29,873 | 26,968 | 30,109 |
Other financial liabilities | On demand | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 7,059 | 8,308 | 11,952 |
Other financial liabilities | Within 1 month | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 4,060 | 5,264 | 7,094 |
Other financial liabilities | 1 to 3 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 6,447 | 4,411 | 4,350 |
Other financial liabilities | 3 to 12 months | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 5,329 | 1,160 | 122 |
Other financial liabilities | 1 to 3 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 5,961 | 5,856 | 4,473 |
Other financial liabilities | 3 to 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | 354 | 434 | 481 |
Other financial liabilities | More than 5 years | |||
Liabilities | |||
Undiscounted financial liabilities at amortised cost | € 663 | € 1,535 | € 1,637 |
Other disclosures - Contractu_2
Other disclosures - Contractual maturities of remainder of assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
ASSETS | |||
Financial assets held for trading | € 116,953 | € 114,945 | € 108,230 |
Financial assets designated at fair value through profit or loss | 15,957 | 48,717 | 62,069 |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,536 | 4,486 | 4,911 |
Financial assets at fair value through other comprehensive income | 2,453 | 2,783 | 2,863 |
Hedging derivatives | 4,761 | 8,325 | 7,216 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 410 | 1,980 | 1,702 |
TOTAL FINANCIAL ASSETS | 146,070 | 181,236 | 186,991 |
Liabilities | |||
Financial liabilities held for trading | 79,469 | 81,167 | 77,139 |
Financial liabilities designated at fair value through profit or loss | 32,733 | 48,038 | 60,995 |
Hedging derivatives | 5,463 | 6,869 | 6,048 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 248 | 286 | 269 |
TOTAL FINANCIAL LIABILITIES | 117,913 | 136,360 | 144,451 |
Within 1 month | |||
ASSETS | |||
Financial assets held for trading | 13,120 | 5,760 | 4,864 |
Financial assets designated at fair value through profit or loss | 844 | 12,500 | 24,110 |
Non-trading financial assets mandatorily at fair value through profit or loss | 116 | 275 | 272 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Hedging derivatives | 239 | 1,534 | 807 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 227 | 173 | 267 |
TOTAL FINANCIAL ASSETS | 14,546 | 20,242 | 30,320 |
Liabilities | |||
Financial liabilities held for trading | 22,746 | 16,754 | 10,851 |
Financial liabilities designated at fair value through profit or loss | 2,756 | 13,468 | 21,929 |
Hedging derivatives | 360 | 2,619 | 1,997 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 40 | 3 | 3 |
TOTAL FINANCIAL LIABILITIES | 25,902 | 32,844 | 34,780 |
1 to 3 months | |||
ASSETS | |||
Financial assets held for trading | 8,767 | 6,734 | 3,522 |
Financial assets designated at fair value through profit or loss | 1,607 | 14,834 | 13,167 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Hedging derivatives | 129 | 469 | 86 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 202 | 8 | 1 |
TOTAL FINANCIAL ASSETS | 10,705 | 22,045 | 16,776 |
Liabilities | |||
Financial liabilities held for trading | 3,396 | 3,727 | 3,427 |
Financial liabilities designated at fair value through profit or loss | 4,244 | 1,732 | 2,259 |
Hedging derivatives | 253 | 200 | 337 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 5 | 6 | 6 |
TOTAL FINANCIAL LIABILITIES | 7,898 | 5,665 | 6,029 |
3 to 12 months | |||
ASSETS | |||
Financial assets held for trading | 20,627 | 27,753 | 19,740 |
Financial assets designated at fair value through profit or loss | 2,928 | 7,205 | 7,602 |
Non-trading financial assets mandatorily at fair value through profit or loss | 49 | 0 | 4 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Hedging derivatives | 857 | 1,293 | 601 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (11) | 132 | 24 |
TOTAL FINANCIAL ASSETS | 24,450 | 36,383 | 27,971 |
Liabilities | |||
Financial liabilities held for trading | 9,234 | 6,286 | 7,130 |
Financial liabilities designated at fair value through profit or loss | 1,685 | 2,228 | 5,307 |
Hedging derivatives | 930 | 588 | 848 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 16 | 40 | 26 |
TOTAL FINANCIAL LIABILITIES | 11,865 | 9,142 | 13,311 |
1 to 3 years | |||
ASSETS | |||
Financial assets held for trading | 20,047 | 22,473 | 21,603 |
Financial assets designated at fair value through profit or loss | 3,686 | 3,680 | 5,175 |
Non-trading financial assets mandatorily at fair value through profit or loss | 127 | 0 | 11 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Hedging derivatives | 748 | 1,107 | 1,646 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | (304) | 205 | 112 |
TOTAL FINANCIAL ASSETS | 24,304 | 27,465 | 28,547 |
Liabilities | |||
Financial liabilities held for trading | 15,709 | 17,635 | 17,244 |
Financial liabilities designated at fair value through profit or loss | 4,669 | 2,893 | 3,565 |
Hedging derivatives | 1,667 | 748 | 678 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 58 | 74 | 53 |
TOTAL FINANCIAL LIABILITIES | 22,103 | 21,350 | 21,540 |
3 to 5 years | |||
ASSETS | |||
Financial assets held for trading | 15,105 | 18,014 | 18,083 |
Financial assets designated at fair value through profit or loss | 2,334 | 3,933 | 3,878 |
Non-trading financial assets mandatorily at fair value through profit or loss | 67 | 69 | 117 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Hedging derivatives | 1,270 | 1,083 | 904 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 19 | 381 | 265 |
TOTAL FINANCIAL ASSETS | 18,795 | 23,480 | 23,247 |
Liabilities | |||
Financial liabilities held for trading | 12,750 | 16,036 | 16,905 |
Financial liabilities designated at fair value through profit or loss | 1,225 | 1,121 | 1,450 |
Hedging derivatives | 824 | 641 | 528 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 49 | 64 | 59 |
TOTAL FINANCIAL LIABILITIES | 14,848 | 17,862 | 18,942 |
More than 5 years | |||
ASSETS | |||
Financial assets held for trading | 39,287 | 34,211 | 40,418 |
Financial assets designated at fair value through profit or loss | 4,558 | 6,565 | 8,137 |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,177 | 4,142 | 4,507 |
Financial assets at fair value through other comprehensive income | 2,453 | 2,783 | 2,863 |
Hedging derivatives | 1,518 | 2,839 | 3,172 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 277 | 1,081 | 1,033 |
TOTAL FINANCIAL ASSETS | 53,270 | 51,621 | 60,130 |
Liabilities | |||
Financial liabilities held for trading | 15,634 | 20,729 | 21,582 |
Financial liabilities designated at fair value through profit or loss | 18,154 | 26,596 | 26,485 |
Hedging derivatives | 1,429 | 2,073 | 1,660 |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 80 | 99 | 122 |
TOTAL FINANCIAL LIABILITIES | 35,297 | 49,497 | 49,849 |
Derivatives | |||
Liabilities | |||
Financial liabilities held for trading | 53,566 | 64,469 | 63,016 |
Derivatives | Within 1 month | |||
Liabilities | |||
Financial liabilities held for trading | 1,742 | 1,132 | 2,672 |
Derivatives | 1 to 3 months | |||
Liabilities | |||
Financial liabilities held for trading | 2,743 | 3,206 | 1,973 |
Derivatives | 3 to 12 months | |||
Liabilities | |||
Financial liabilities held for trading | 7,583 | 5,800 | 6,591 |
Derivatives | 1 to 3 years | |||
Liabilities | |||
Financial liabilities held for trading | 14,868 | 17,566 | 16,965 |
Derivatives | 3 to 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 11,912 | 16,036 | 16,023 |
Derivatives | More than 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 14,718 | 20,729 | 18,792 |
Short positions | |||
Liabilities | |||
Financial liabilities held for trading | 12,236 | 16,698 | 14,123 |
Short positions | Within 1 month | |||
Liabilities | |||
Financial liabilities held for trading | 8,337 | 15,622 | 8,179 |
Short positions | 1 to 3 months | |||
Liabilities | |||
Financial liabilities held for trading | 222 | 521 | 1,454 |
Short positions | 3 to 12 months | |||
Liabilities | |||
Financial liabilities held for trading | 1,290 | 486 | 539 |
Short positions | 1 to 3 years | |||
Liabilities | |||
Financial liabilities held for trading | 728 | 69 | 279 |
Short positions | 3 to 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 743 | 0 | 882 |
Short positions | More than 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 916 | 0 | 2,790 |
Deposits | |||
Liabilities | |||
Financial liabilities held for trading | 13,667 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 27,279 | 43,598 | 57,111 |
Deposits | Within 1 month | |||
Liabilities | |||
Financial liabilities held for trading | 12,667 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 2,743 | 13,459 | 21,904 |
Deposits | 1 to 3 months | |||
Liabilities | |||
Financial liabilities held for trading | 431 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 4,131 | 1,709 | 2,225 |
Deposits | 3 to 12 months | |||
Liabilities | |||
Financial liabilities held for trading | 361 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,246 | 1,954 | 4,909 |
Deposits | 1 to 3 years | |||
Liabilities | |||
Financial liabilities held for trading | 113 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 2,801 | 2,497 | 2,429 |
Deposits | 3 to 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 95 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 764 | 518 | 780 |
Deposits | More than 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 15,594 | 23,461 | 24,864 |
Central banks | |||
Liabilities | |||
Financial liabilities held for trading | 1,038 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 607 | 2,490 | 12,854 |
Central banks | Within 1 month | |||
Liabilities | |||
Financial liabilities held for trading | 994 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 569 | 841 | 8,831 |
Central banks | 1 to 3 months | |||
Liabilities | |||
Financial liabilities held for trading | 44 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 866 | 1,228 |
Central banks | 3 to 12 months | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 38 | 783 | 2,795 |
Central banks | 1 to 3 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 |
Central banks | 3 to 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 |
Central banks | More than 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | 0 |
Credit institutions | |||
Liabilities | |||
Financial liabilities held for trading | 6,488 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 1,064 | 6,765 | 9,340 |
Credit institutions | Within 1 month | |||
Liabilities | |||
Financial liabilities held for trading | 5,534 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 128 | 3,673 | 4,133 |
Credit institutions | 1 to 3 months | |||
Liabilities | |||
Financial liabilities held for trading | 385 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 109 | 112 | 521 |
Credit institutions | 3 to 12 months | |||
Liabilities | |||
Financial liabilities held for trading | 361 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 487 | 935 | 1,857 |
Credit institutions | 1 to 3 years | |||
Liabilities | |||
Financial liabilities held for trading | 113 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 30 | 1,493 | 2,132 |
Credit institutions | 3 to 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 95 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 178 | 171 | 11 |
Credit institutions | More than 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 132 | 381 | 686 |
Customers | |||
Liabilities | |||
Financial liabilities held for trading | 6,141 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 25,608 | 34,343 | 34,917 |
Customers | Within 1 month | |||
Liabilities | |||
Financial liabilities held for trading | 6,139 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 2,046 | 8,945 | 8,940 |
Customers | 1 to 3 months | |||
Liabilities | |||
Financial liabilities held for trading | 2 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 4,022 | 731 | 476 |
Customers | 3 to 12 months | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 721 | 236 | 257 |
Customers | 1 to 3 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 2,771 | 1,004 | 297 |
Customers | 3 to 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 586 | 347 | 769 |
Customers | More than 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 15,462 | 23,080 | 24,178 |
Marketable debt securities | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 5,454 | 4,440 | 3,758 |
Marketable debt securities | Within 1 month | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 13 | 9 | 14 |
Marketable debt securities | 1 to 3 months | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 113 | 23 | 34 |
Marketable debt securities | 3 to 12 months | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 439 | 274 | 398 |
Marketable debt securities | 1 to 3 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 1,868 | 396 | 1,021 |
Marketable debt securities | 3 to 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 461 | 603 | 670 |
Marketable debt securities | More than 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 2,560 | 3,135 | 1,621 |
Other financial liabilities | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 126 | |
Other financial liabilities | Within 1 month | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | 11 | |
Other financial liabilities | 1 to 3 months | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | |
Other financial liabilities | 3 to 12 months | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | |
Other financial liabilities | 1 to 3 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | 115 | |
Other financial liabilities | 3 to 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | |
Other financial liabilities | More than 5 years | |||
Liabilities | |||
Financial liabilities held for trading | 0 | 0 | |
Financial liabilities designated at fair value through profit or loss | 0 | 0 | |
Derivatives | |||
ASSETS | |||
Financial assets held for trading | 54,292 | 67,137 | 63,397 |
Derivatives | Within 1 month | |||
ASSETS | |||
Financial assets held for trading | 1,456 | 4,288 | 3,329 |
Derivatives | 1 to 3 months | |||
ASSETS | |||
Financial assets held for trading | 3,487 | 5,268 | 2,233 |
Derivatives | 3 to 12 months | |||
ASSETS | |||
Financial assets held for trading | 7,426 | 10,044 | 6,552 |
Derivatives | 1 to 3 years | |||
ASSETS | |||
Financial assets held for trading | 12,285 | 15,526 | 15,855 |
Derivatives | 3 to 5 years | |||
ASSETS | |||
Financial assets held for trading | 11,980 | 13,681 | 14,925 |
Derivatives | More than 5 years | |||
ASSETS | |||
Financial assets held for trading | 17,658 | 18,330 | 20,503 |
Equity instruments | |||
ASSETS | |||
Financial assets held for trading | 15,077 | 9,615 | 12,437 |
Non-trading financial assets mandatorily at fair value through profit or loss | 4,042 | 3,234 | 3,350 |
Financial assets at fair value through other comprehensive income | 2,453 | 2,783 | 2,863 |
Equity instruments | Within 1 month | |||
ASSETS | |||
Financial assets held for trading | 0 | 0 | 0 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Equity instruments | 1 to 3 months | |||
ASSETS | |||
Financial assets held for trading | 0 | 0 | 0 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Equity instruments | 3 to 12 months | |||
ASSETS | |||
Financial assets held for trading | 0 | 0 | 0 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Equity instruments | 1 to 3 years | |||
ASSETS | |||
Financial assets held for trading | 0 | 0 | 0 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Equity instruments | 3 to 5 years | |||
ASSETS | |||
Financial assets held for trading | 0 | 0 | 0 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Financial assets at fair value through other comprehensive income | 0 | 0 | 0 |
Equity instruments | More than 5 years | |||
ASSETS | |||
Financial assets held for trading | 15,077 | 9,615 | 12,437 |
Non-trading financial assets mandatorily at fair value through profit or loss | 4,042 | 3,234 | 3,350 |
Financial assets at fair value through other comprehensive income | 2,453 | 2,783 | 2,863 |
Debt instruments | |||
ASSETS | |||
Financial assets held for trading | 26,750 | 37,894 | 32,041 |
Financial assets designated at fair value through profit or loss | 2,516 | 2,979 | 3,186 |
Non-trading financial assets mandatorily at fair value through profit or loss | 957 | 700 | 1,175 |
Debt instruments | Within 1 month | |||
ASSETS | |||
Financial assets held for trading | 922 | 1,472 | 1,531 |
Financial assets designated at fair value through profit or loss | 2 | 181 | 457 |
Non-trading financial assets mandatorily at fair value through profit or loss | 4 | 85 | 0 |
Debt instruments | 1 to 3 months | |||
ASSETS | |||
Financial assets held for trading | 2,056 | 1,466 | 1,289 |
Financial assets designated at fair value through profit or loss | 62 | 78 | 10 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Debt instruments | 3 to 12 months | |||
ASSETS | |||
Financial assets held for trading | 8,585 | 17,709 | 13,188 |
Financial assets designated at fair value through profit or loss | 142 | 162 | 81 |
Non-trading financial assets mandatorily at fair value through profit or loss | 40 | 0 | 0 |
Debt instruments | 1 to 3 years | |||
ASSETS | |||
Financial assets held for trading | 5,766 | 6,947 | 5,748 |
Financial assets designated at fair value through profit or loss | 699 | 407 | 652 |
Non-trading financial assets mandatorily at fair value through profit or loss | 4 | 0 | 11 |
Debt instruments | 3 to 5 years | |||
ASSETS | |||
Financial assets held for trading | 2,869 | 4,310 | 3,141 |
Financial assets designated at fair value through profit or loss | 700 | 719 | 381 |
Non-trading financial assets mandatorily at fair value through profit or loss | 6 | 0 | 117 |
Debt instruments | More than 5 years | |||
ASSETS | |||
Financial assets held for trading | 6,552 | 5,990 | 7,144 |
Financial assets designated at fair value through profit or loss | 911 | 1,432 | 1,605 |
Non-trading financial assets mandatorily at fair value through profit or loss | 903 | 615 | 1,047 |
Loans and advances | |||
ASSETS | |||
Financial assets held for trading | 20,834 | 299 | 355 |
Financial assets designated at fair value through profit or loss | 13,441 | 45,738 | 58,883 |
Non-trading financial assets mandatorily at fair value through profit or loss | 537 | 552 | 386 |
Loans and advances | Within 1 month | |||
ASSETS | |||
Financial assets held for trading | 10,742 | 0 | 4 |
Financial assets designated at fair value through profit or loss | 842 | 12,319 | 23,653 |
Non-trading financial assets mandatorily at fair value through profit or loss | 112 | 190 | 272 |
Loans and advances | 1 to 3 months | |||
ASSETS | |||
Financial assets held for trading | 3,224 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 1,545 | 14,756 | 13,157 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Loans and advances | 3 to 12 months | |||
ASSETS | |||
Financial assets held for trading | 4,616 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 2,786 | 7,043 | 7,521 |
Non-trading financial assets mandatorily at fair value through profit or loss | 9 | 0 | 4 |
Loans and advances | 1 to 3 years | |||
ASSETS | |||
Financial assets held for trading | 1,996 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 2,987 | 3,273 | 4,523 |
Non-trading financial assets mandatorily at fair value through profit or loss | 123 | 0 | 0 |
Loans and advances | 3 to 5 years | |||
ASSETS | |||
Financial assets held for trading | 256 | 23 | 17 |
Financial assets designated at fair value through profit or loss | 1,634 | 3,214 | 3,497 |
Non-trading financial assets mandatorily at fair value through profit or loss | 61 | 69 | 0 |
Loans and advances | More than 5 years | |||
ASSETS | |||
Financial assets held for trading | 0 | 276 | 334 |
Financial assets designated at fair value through profit or loss | 3,647 | 5,133 | 6,532 |
Non-trading financial assets mandatorily at fair value through profit or loss | 232 | 293 | 110 |
Central banks | |||
ASSETS | |||
Financial assets held for trading | 3,608 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 9,481 | 6,473 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Central banks | Within 1 month | |||
ASSETS | |||
Financial assets held for trading | 3,608 | ||
Financial assets designated at fair value through profit or loss | 343 | 1,744 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Central banks | 1 to 3 months | |||
ASSETS | |||
Financial assets held for trading | 0 | ||
Financial assets designated at fair value through profit or loss | 9,138 | 4,729 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Central banks | 3 to 12 months | |||
ASSETS | |||
Financial assets held for trading | 0 | ||
Financial assets designated at fair value through profit or loss | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Central banks | 1 to 3 years | |||
ASSETS | |||
Financial assets held for trading | 0 | ||
Financial assets designated at fair value through profit or loss | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Central banks | 3 to 5 years | |||
ASSETS | |||
Financial assets held for trading | 0 | ||
Financial assets designated at fair value through profit or loss | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Central banks | More than 5 years | |||
ASSETS | |||
Financial assets held for trading | 0 | ||
Financial assets designated at fair value through profit or loss | 0 | 0 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | |||
ASSETS | |||
Financial assets held for trading | 10,397 | 3 | 0 |
Financial assets designated at fair value through profit or loss | 3,152 | 12,136 | 21,649 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Credit institutions | Within 1 month | |||
ASSETS | |||
Financial assets held for trading | 4,827 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 455 | 6,935 | 13,186 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | 1 to 3 months | |||
ASSETS | |||
Financial assets held for trading | 780 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 683 | 1,514 | 4,946 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | 3 to 12 months | |||
ASSETS | |||
Financial assets held for trading | 3,982 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 1,476 | 2,728 | 1,534 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | 1 to 3 years | |||
ASSETS | |||
Financial assets held for trading | 808 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 205 | 590 | 1,015 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | 3 to 5 years | |||
ASSETS | |||
Financial assets held for trading | 0 | 3 | 0 |
Financial assets designated at fair value through profit or loss | 10 | 12 | 9 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Credit institutions | More than 5 years | |||
ASSETS | |||
Financial assets held for trading | 0 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 323 | 357 | 959 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | |
Customers | |||
ASSETS | |||
Financial assets held for trading | 6,829 | 296 | 355 |
Financial assets designated at fair value through profit or loss | 10,289 | 24,121 | 30,761 |
Non-trading financial assets mandatorily at fair value through profit or loss | 537 | 552 | 386 |
Customers | Within 1 month | |||
ASSETS | |||
Financial assets held for trading | 2,307 | 0 | 4 |
Financial assets designated at fair value through profit or loss | 387 | 5,041 | 8,723 |
Non-trading financial assets mandatorily at fair value through profit or loss | 112 | 190 | 272 |
Customers | 1 to 3 months | |||
ASSETS | |||
Financial assets held for trading | 2,444 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 862 | 4,104 | 3,482 |
Non-trading financial assets mandatorily at fair value through profit or loss | 0 | 0 | 0 |
Customers | 3 to 12 months | |||
ASSETS | |||
Financial assets held for trading | 634 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 1,310 | 4,315 | 5,987 |
Non-trading financial assets mandatorily at fair value through profit or loss | 9 | 0 | 4 |
Customers | 1 to 3 years | |||
ASSETS | |||
Financial assets held for trading | 1,188 | 0 | 0 |
Financial assets designated at fair value through profit or loss | 2,782 | 2,683 | 3,508 |
Non-trading financial assets mandatorily at fair value through profit or loss | 123 | 0 | 0 |
Customers | 3 to 5 years | |||
ASSETS | |||
Financial assets held for trading | 256 | 20 | 17 |
Financial assets designated at fair value through profit or loss | 1,624 | 3,202 | 3,488 |
Non-trading financial assets mandatorily at fair value through profit or loss | 61 | 69 | 0 |
Customers | More than 5 years | |||
ASSETS | |||
Financial assets held for trading | 0 | 276 | 334 |
Financial assets designated at fair value through profit or loss | 3,324 | 4,776 | 5,573 |
Non-trading financial assets mandatorily at fair value through profit or loss | € 232 | € 293 | € 110 |
Other disclosures - Maturities
Other disclosures - Maturities of contingent liabilities and commitments (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 349,228 | € 318,145 | € 323,724 |
Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 262,737 | 241,230 | 241,179 |
Financial guarantees granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 10,758 | 12,377 | 13,650 |
Other commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 75,733 | 64,538 | 68,895 |
Within 1 month | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 165,851 | 145,739 | 145,756 |
Within 1 month | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 116,823 | 104,725 | 98,630 |
Within 1 month | Financial guarantees granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 2,414 | 1,809 | 2,176 |
Within 1 month | Other commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 46,614 | 39,205 | 44,950 |
1 to 3 months | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 13,654 | 14,877 | 21,372 |
1 to 3 months | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 6,706 | 9,496 | 16,529 |
1 to 3 months | Financial guarantees granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,203 | 852 | 1,791 |
1 to 3 months | Other commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 5,745 | 4,529 | 3,052 |
3 to 12 months | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 43,846 | 42,436 | 45,953 |
3 to 12 months | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 27,587 | 28,207 | 30,370 |
3 to 12 months | Financial guarantees granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 4,251 | 3,732 | 5,626 |
3 to 12 months | Other commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 12,008 | 10,497 | 9,957 |
1 to 3 years | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 61,045 | 57,111 | 43,636 |
1 to 3 years | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 51,999 | 47,876 | 37,097 |
1 to 3 years | Financial guarantees granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,749 | 4,134 | 1,933 |
1 to 3 years | Other commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 7,297 | 5,101 | 4,606 |
3 to 5 years | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 52,007 | 44,834 | 53,568 |
3 to 5 years | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 49,781 | 40,458 | 48,072 |
3 to 5 years | Financial guarantees granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 687 | 1,169 | 1,364 |
3 to 5 years | Other commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 1,539 | 3,207 | 4,132 |
More than 5 years | MEMORANDUM ITEMS | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 12,825 | 13,148 | 13,439 |
More than 5 years | Loan commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 9,841 | 10,468 | 10,481 |
More than 5 years | Financial guarantees granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | 454 | 681 | 760 |
More than 5 years | Other commitments granted | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk on loan commitments and financial guarantee contracts | € 2,530 | € 1,999 | € 2,198 |
Other disclosures - Equivalent
Other disclosures - Equivalent Euro value of assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
ASSETS | ||||
Cash and cash equivalents | € 210,689 | € 153,839 | € 101,067 | € 113,663 |
Financial assets held for trading | 116,953 | 114,945 | 108,230 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,536 | 4,486 | 4,911 | |
Other financial assets at fair value through profit or loss | 15,957 | 48,717 | 62,069 | |
Financial assets designated at fair value through other comprehensive income | 108,038 | 120,953 | 125,708 | |
Financial assets at amortised cost | 1,037,898 | 958,378 | 995,482 | |
Investments | 7,525 | 7,622 | 8,772 | € 7,588 |
Tangible assets | 33,321 | 32,735 | 35,235 | |
Intangible assets | 16,584 | 15,908 | 27,687 | |
Other | 8,595 | 11,070 | 10,138 | |
TOTAL ASSETS | 1,595,835 | 1,508,250 | 1,522,695 | |
Liabilities | ||||
Financial liabilities held for trading | 79,469 | 81,167 | 77,139 | |
Other financial liabilities at fair value through profit or loss | 32,733 | 48,038 | 60,995 | |
Financial liabilities at amortized cost | 1,349,169 | 1,248,188 | 1,230,745 | |
Liabilities under insurance contracts | 770 | 910 | 739 | |
Other | 12,698 | 12,336 | 12,792 | |
TOTAL LIABILITIES | 1,498,782 | 1,416,928 | 1,412,036 | |
Non-Euro | ||||
ASSETS | ||||
Cash and cash equivalents | 105,457 | 76,882 | 65,205 | |
Financial assets held for trading | 65,345 | 66,448 | 60,526 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 2,460 | 2,248 | 2,611 | |
Other financial assets at fair value through profit or loss | 1,230 | 24,015 | 25,938 | |
Financial assets designated at fair value through other comprehensive income | 78,086 | 79,688 | 76,402 | |
Financial assets at amortised cost | 680,774 | 610,152 | 656,564 | |
Investments | 1,666 | 1,671 | 1,355 | |
Tangible assets | 22,350 | 21,617 | 24,662 | |
Intangible assets | 10,066 | 9,609 | 21,942 | |
Other | 22,631 | 26,433 | 25,410 | |
TOTAL ASSETS | 990,065 | 918,763 | 960,615 | |
Liabilities | ||||
Financial liabilities held for trading | 49,314 | 50,494 | 45,262 | |
Other financial liabilities at fair value through profit or loss | 9,103 | 18,347 | 29,593 | |
Financial liabilities at amortized cost | 796,395 | 726,516 | 752,188 | |
Liabilities under insurance contracts | 10 | 13 | 13 | |
Other | 20,420 | 22,801 | 23,428 | |
TOTAL LIABILITIES | € 875,242 | € 818,171 | € 850,484 |
Other disclosures - Fair value
Other disclosures - Fair value of financial assets not at fair value (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | € 163,853 | € 176,554 | € 184,596 | |
Financial assets, at fair value | 7,667 | 8,543 | ||
Carrying amount | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | 1,037,898 | 958,378 | 995,482 | |
Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 1,042,089 | 966,790 | 1,005,554 | |
Level 1 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 13,558 | 6,753 | 10,907 | |
Level 2 | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 121,640 | 146,468 | 149,711 | |
Level 2 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 81,998 | 77,654 | 92,016 | |
Level 3 | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 7,667 | 8,543 | 6,651 | € 4,473 |
Level 3 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 946,533 | 882,383 | 902,631 | |
Loans and advances | Carrying amount | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | 1,002,190 | 932,300 | 965,693 | |
Loans and advances | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 1,006,711 | 940,258 | 975,523 | |
Loans and advances | Level 1 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 0 | 0 | 0 | |
Loans and advances | Level 2 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 69,840 | 65,755 | 82,045 | |
Loans and advances | Level 3 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 936,871 | 874,503 | 893,478 | |
Debt instruments | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | 163,853 | 176,554 | 184,596 | |
Debt instruments | Carrying amount | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets | 35,708 | 26,078 | 29,789 | |
Debt instruments | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 35,378 | 26,532 | 30,031 | |
Debt instruments | Level 1 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 13,558 | 6,753 | 10,907 | |
Debt instruments | Level 2 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | 12,158 | 11,899 | 9,971 | |
Debt instruments | Level 3 | Fair value | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Financial assets, at fair value | € 9,662 | € 7,880 | € 9,153 |
Other disclosures - Fair valu_2
Other disclosures - Fair value of financial liabilities not at fair value (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of fair value measurement of liabilities [line items] | ||||
Other financial liabilities | € 29,873 | € 26,968 | € 30,235 | |
Carrying amount | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities | 1,319,296 | 1,221,220 | 1,200,636 | |
Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 1,323,573 | 1,231,981 | 1,209,181 | |
Other financial liabilities | 29,873 | 26,968 | 30,109 | |
Level 1 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 109,346 | 91,771 | 84,793 | |
Level 2 | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 103,807 | 124,098 | 132,582 | |
Level 2 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 401,647 | 388,548 | 394,659 | |
Level 3 | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 629 | 905 | 1,074 | € 442 |
Level 3 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 812,580 | 751,662 | 729,729 | |
Deposits | Carrying amount | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities | 1,078,587 | 990,391 | 942,417 | |
Deposits | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 1,076,876 | 990,807 | 942,397 | |
Deposits | Level 1 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 0 | 0 | 0 | |
Deposits | Level 2 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 286,613 | 263,517 | 245,143 | |
Deposits | Level 3 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 790,263 | 727,290 | 697,254 | |
Debt instruments | Carrying amount | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities | 240,709 | 230,829 | 258,219 | |
Debt instruments | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 246,697 | 241,174 | 266,784 | |
Debt instruments | Level 1 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 109,346 | 91,771 | 84,793 | |
Debt instruments | Level 2 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | 115,034 | 125,031 | 149,516 | |
Debt instruments | Level 3 | Fair value | ||||
Disclosure of fair value measurement of liabilities [line items] | ||||
Financial liabilities, at fair value | € 22,317 | € 24,372 | € 32,475 |
Primary and secondary segment_3
Primary and secondary segments reporting - Geographical segments (Details) € in Millions | 12 Months Ended | |||
Dec. 31, 2021EUR (€)operating_areasegment | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | |
Disclosure of operating segments [abstract] | ||||
Number of operating segments | segment | 5 | |||
Number of operating areas | operating_area | 4 | |||
(Condensed) balance sheet | ||||
TOTAL ASSETS | € 1,595,835 | € 1,508,250 | € 1,522,695 | |
Loans and advances to customers | 972,682 | 916,199 | 942,218 | |
Cash, balances at central banks and credit institutions and other deposits on demand | 282,672 | 225,796 | 188,606 | |
Debt instruments | 163,853 | 176,554 | 184,596 | |
Other financial assets | 75,864 | 82,769 | 82,047 | |
Other asset accounts | 100,764 | 106,932 | 125,228 | |
TOTAL LIABILITIES | 1,498,782 | 1,416,928 | 1,412,036 | |
Customer deposits | 918,344 | 849,310 | 824,365 | |
Central banks and credit institutions | 201,189 | 184,679 | 175,163 | |
Marketable debt securities | 246,163 | 235,269 | 261,977 | |
Other financial liabilities | 95,675 | 108,135 | 107,374 | |
Other liabilities accounts | 37,411 | 39,535 | 43,157 | |
Total equity | 97,053 | 91,322 | 110,659 | € 106,970 |
Other customer funds under management | 186,927 | 168,254 | 176,911 | |
Investment funds | 145,987 | 131,965 | 142,988 | |
Pension funds | 16,078 | 15,577 | 11,844 | |
Assets under management | 24,862 | 20,712 | 22,079 | |
Other non-managed marketed customer funds | 66,972 | 53,549 | 49,488 | |
(Condensed) income statement | ||||
Net interest income | 33,370 | 31,994 | 35,283 | |
Net fee income | 10,502 | 10,015 | 11,779 | |
Gains (losses) on financial transactions | 1,563 | 2,187 | 1,531 | |
Other operating income | 969 | 83 | 636 | |
Total income | 46,404 | 44,279 | 49,229 | |
Administrative expenses, depreciation and amortisation | (21,415) | (21,130) | (23,280) | |
Profit from operations | 24,989 | 23,149 | 25,949 | |
Net loan-loss provisions | (7,436) | (12,432) | (9,321) | |
Other gains (losses) and provisions | (3,006) | (12,793) | (4,085) | |
Operating profit/(loss) before tax | 14,547 | (2,076) | 12,543 | |
Income tax | (4,894) | (5,632) | (4,427) | |
Profit/(loss) from continuing operations | 9,653 | (7,708) | 8,116 | |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 9,653 | (7,708) | 8,116 | |
Profit/(loss) attributable to non-controlling interests | 1,529 | 1,063 | 1,601 | |
Attributable profit to the parent | 8,124 | (8,771) | 6,515 | |
Release presented in net loan loss provision instead of other gains (losses) and provisions for segment presentation | 29 | 50 | 31 | |
Operating segment | ||||
(Condensed) income statement | ||||
Net interest income | 33,370 | 31,994 | 35,283 | |
Net fee income | 10,502 | 10,015 | 11,779 | |
Gains (losses) on financial transactions | 1,563 | 2,187 | 1,531 | |
Other operating income | 969 | 404 | 901 | |
Total income | 46,404 | 44,600 | 49,494 | |
Administrative expenses, depreciation and amortisation | (21,415) | (20,967) | (23,280) | |
Profit from operations | 24,989 | 23,633 | 26,214 | |
Net loan-loss provisions | (7,436) | (12,174) | (9,321) | |
Other gains (losses) and provisions | (2,293) | (1,785) | (1,964) | |
Operating profit/(loss) before tax | 15,260 | 9,674 | 14,929 | |
Income tax | (5,076) | (3,516) | (5,103) | |
Profit/(loss) from continuing operations | 10,184 | 6,158 | 9,826 | |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 10,184 | 6,158 | 9,826 | |
Profit/(loss) attributable to non-controlling interests | 1,530 | 1,077 | 1,574 | |
Attributable profit to the parent | 8,654 | 5,081 | 8,252 | |
Operating segment | Europe | ||||
(Condensed) balance sheet | ||||
TOTAL ASSETS | 943,875 | 909,304 | 895,322 | |
Loans and advances to customers | 590,610 | 563,581 | 563,101 | |
Cash, balances at central banks and credit institutions and other deposits on demand | 219,154 | 180,245 | 140,528 | |
Debt instruments | 67,068 | 81,271 | 101,189 | |
Other financial assets | 37,250 | 48,313 | 53,918 | |
Other asset accounts | 29,793 | 35,894 | 36,586 | |
TOTAL LIABILITIES | 899,007 | 866,949 | 851,324 | |
Customer deposits | 619,486 | 582,353 | 559,720 | |
Central banks and credit institutions | 156,257 | 133,973 | 125,046 | |
Marketable debt securities | 73,629 | 84,201 | 94,882 | |
Other financial liabilities | 38,706 | 54,634 | 59,241 | |
Other liabilities accounts | 10,929 | 11,788 | 12,435 | |
Total equity | 44,868 | 42,355 | 43,998 | |
Other customer funds under management | 114,698 | 99,301 | 86,558 | |
Investment funds | 82,641 | 71,239 | 62,203 | |
Pension funds | 15,994 | 15,487 | 11,746 | |
Assets under management | 16,063 | 12,575 | 12,609 | |
Other non-managed marketed customer funds | 41,483 | 34,313 | 32,706 | |
(Condensed) income statement | ||||
Net interest income | 10,574 | 9,518 | 9,656 | |
Net fee income | 4,344 | 4,000 | 4,423 | |
Gains (losses) on financial transactions | 756 | 868 | 1,045 | |
Other operating income | 260 | (106) | 399 | |
Total income | 15,934 | 14,280 | 15,523 | |
Administrative expenses, depreciation and amortisation | (8,318) | (8,275) | (8,912) | |
Profit from operations | 7,616 | 6,005 | 6,611 | |
Net loan-loss provisions | (2,293) | (3,345) | (1,333) | |
Other gains (losses) and provisions | (1,290) | (970) | (792) | |
Operating profit/(loss) before tax | 4,033 | 1,690 | 4,486 | |
Income tax | (1,212) | (476) | (1,218) | |
Profit/(loss) from continuing operations | 2,821 | 1,214 | 3,268 | |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 2,821 | 1,214 | 3,268 | |
Profit/(loss) attributable to non-controlling interests | 71 | 78 | 167 | |
Attributable profit to the parent | 2,750 | 1,136 | 3,101 | |
Operating segment | North America | ||||
(Condensed) balance sheet | ||||
TOTAL ASSETS | 244,734 | 223,797 | 223,972 | |
Loans and advances to customers | 137,428 | 120,571 | 133,727 | |
Cash, balances at central banks and credit institutions and other deposits on demand | 34,857 | 28,666 | 22,904 | |
Debt instruments | 38,500 | 38,403 | 33,749 | |
Other financial assets | 12,555 | 15,439 | 10,822 | |
Other asset accounts | 21,394 | 20,718 | 22,770 | |
TOTAL LIABILITIES | 216,048 | 199,789 | 200,057 | |
Customer deposits | 121,989 | 102,924 | 98,915 | |
Central banks and credit institutions | 35,152 | 38,071 | 39,016 | |
Marketable debt securities | 38,061 | 36,583 | 44,097 | |
Other financial liabilities | 14,652 | 16,182 | 11,773 | |
Other liabilities accounts | 6,194 | 6,029 | 6,256 | |
Total equity | 28,686 | 24,008 | 23,915 | |
Other customer funds under management | 13,949 | 12,501 | 14,319 | |
Investment funds | 12,112 | 10,864 | 11,703 | |
Pension funds | 84 | 90 | 98 | |
Assets under management | 1,753 | 1,547 | 2,518 | |
Other non-managed marketed customer funds | 15,843 | 11,915 | 15,872 | |
(Condensed) income statement | ||||
Net interest income | 8,072 | 8,394 | 8,834 | |
Net fee income | 1,644 | 1,684 | 1,776 | |
Gains (losses) on financial transactions | 224 | 251 | 229 | |
Other operating income | 914 | 628 | 673 | |
Total income | 10,854 | 10,957 | 11,512 | |
Administrative expenses, depreciation and amortisation | (4,967) | (4,677) | (4,983) | |
Profit from operations | 5,887 | 6,280 | 6,529 | |
Net loan-loss provisions | (1,210) | (3,917) | (3,656) | |
Other gains (losses) and provisions | (145) | (132) | (203) | |
Operating profit/(loss) before tax | 4,532 | 2,231 | 2,670 | |
Income tax | (1,016) | (550) | (652) | |
Profit/(loss) from continuing operations | 3,516 | 1,681 | 2,018 | |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 3,516 | 1,681 | 2,018 | |
Profit/(loss) attributable to non-controlling interests | 556 | 261 | 426 | |
Attributable profit to the parent | 2,960 | 1,420 | 1,592 | |
Operating segment | South America | ||||
(Condensed) balance sheet | ||||
TOTAL ASSETS | 257,805 | 238,746 | 253,919 | |
Loans and advances to customers | 123,920 | 113,745 | 125,122 | |
Cash, balances at central banks and credit institutions and other deposits on demand | 43,134 | 43,154 | 51,379 | |
Debt instruments | 51,451 | 49,304 | 45,622 | |
Other financial assets | 23,809 | 17,342 | 14,864 | |
Other asset accounts | 15,491 | 15,201 | 16,932 | |
TOTAL LIABILITIES | 237,375 | 218,927 | 231,392 | |
Customer deposits | 120,500 | 111,808 | 114,817 | |
Central banks and credit institutions | 44,314 | 42,049 | 42,030 | |
Marketable debt securities | 23,461 | 21,280 | 29,840 | |
Other financial liabilities | 40,490 | 35,456 | 34,072 | |
Other liabilities accounts | 8,610 | 8,334 | 10,633 | |
Total equity | 20,430 | 19,819 | 22,527 | |
Other customer funds under management | 57,428 | 55,965 | 76,023 | |
Investment funds | 51,234 | 49,850 | 69,071 | |
Pension funds | 0 | 0 | 0 | |
Assets under management | 6,194 | 6,115 | 6,952 | |
Other non-managed marketed customer funds | 6,296 | 6,187 | 60 | |
(Condensed) income statement | ||||
Net interest income | 11,307 | 10,710 | 13,270 | |
Net fee income | 3,721 | 3,589 | 4,787 | |
Gains (losses) on financial transactions | 716 | 765 | 564 | |
Other operating income | (407) | (209) | (242) | |
Total income | 15,337 | 14,855 | 18,379 | |
Administrative expenses, depreciation and amortisation | (5,379) | (5,357) | (6,673) | |
Profit from operations | 9,958 | 9,498 | 11,706 | |
Net loan-loss provisions | (3,251) | (3,924) | (3,789) | |
Other gains (losses) and provisions | (474) | (320) | (749) | |
Operating profit/(loss) before tax | 6,233 | 5,254 | 7,168 | |
Income tax | (2,360) | (1,918) | (2,626) | |
Profit/(loss) from continuing operations | 3,873 | 3,336 | 4,542 | |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 3,873 | 3,336 | 4,542 | |
Profit/(loss) attributable to non-controlling interests | 556 | 437 | 664 | |
Attributable profit to the parent | 3,317 | 2,899 | 3,878 | |
Operating segment | Digital Consumer Bank | ||||
(Condensed) balance sheet | ||||
TOTAL ASSETS | 148,005 | 137,155 | 131,627 | |
Loans and advances to customers | 113,937 | 113,258 | 114,504 | |
Cash, balances at central banks and credit institutions and other deposits on demand | 21,804 | 12,058 | 8,794 | |
Debt instruments | 5,280 | 5,659 | 3,196 | |
Other financial assets | 47 | 30 | 37 | |
Other asset accounts | 6,937 | 6,150 | 5,096 | |
TOTAL LIABILITIES | 135,599 | 124,720 | 119,630 | |
Customer deposits | 55,327 | 51,399 | 50,120 | |
Central banks and credit institutions | 37,600 | 32,046 | 25,175 | |
Marketable debt securities | 36,710 | 35,965 | 38,661 | |
Other financial liabilities | 1,397 | 1,370 | 1,652 | |
Other liabilities accounts | 4,565 | 3,940 | 4,022 | |
Total equity | 12,406 | 12,435 | 11,997 | |
Other customer funds under management | 852 | 475 | 0 | |
Investment funds | 0 | 0 | 0 | |
Pension funds | 0 | 0 | 0 | |
Assets under management | 852 | 475 | 0 | |
Other non-managed marketed customer funds | 3,350 | 1,134 | 850 | |
(Condensed) income statement | ||||
Net interest income | 4,041 | 4,014 | 3,982 | |
Net fee income | 821 | 771 | 843 | |
Gains (losses) on financial transactions | 8 | 16 | (10) | |
Other operating income | 229 | 116 | 90 | |
Total income | 5,099 | 4,917 | 4,905 | |
Administrative expenses, depreciation and amortisation | (2,405) | (2,329) | (2,339) | |
Profit from operations | 2,694 | 2,588 | 2,566 | |
Net loan-loss provisions | (527) | (957) | (508) | |
Other gains (losses) and provisions | (194) | 49 | 18 | |
Operating profit/(loss) before tax | 1,973 | 1,680 | 2,076 | |
Income tax | (464) | (421) | (527) | |
Profit/(loss) from continuing operations | 1,509 | 1,259 | 1,549 | |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | 1,509 | 1,259 | 1,549 | |
Profit/(loss) attributable to non-controlling interests | 345 | 301 | 326 | |
Attributable profit to the parent | 1,164 | 958 | 1,223 | |
Operating segment | Corporate Centre | ||||
(Condensed) balance sheet | ||||
TOTAL ASSETS | 215,467 | 182,587 | 168,352 | |
Loans and advances to customers | 6,787 | 5,044 | 5,764 | |
Cash, balances at central banks and credit institutions and other deposits on demand | 88,918 | 61,174 | 32,804 | |
Debt instruments | 1,554 | 1,917 | 840 | |
Other financial assets | 2,203 | 1,645 | 2,406 | |
Other asset accounts | 116,005 | 112,807 | 126,538 | |
TOTAL LIABILITIES | 135,950 | 106,044 | 77,435 | |
Customer deposits | 1,042 | 826 | 793 | |
Central banks and credit institutions | 53,063 | 38,041 | 11,698 | |
Marketable debt securities | 74,302 | 57,240 | 54,497 | |
Other financial liabilities | 430 | 493 | 636 | |
Other liabilities accounts | 7,113 | 9,444 | 9,811 | |
Total equity | 79,517 | 76,543 | 90,917 | |
Other customer funds under management | 0 | 12 | 11 | |
Investment funds | 0 | 12 | 11 | |
Pension funds | 0 | 0 | 0 | |
Assets under management | 0 | 0 | 0 | |
Other non-managed marketed customer funds | 0 | 0 | 0 | |
(Condensed) income statement | ||||
Net interest income | (624) | (642) | (459) | |
Net fee income | (28) | (29) | (50) | |
Gains (losses) on financial transactions | (141) | 287 | (297) | |
Other operating income | (27) | (25) | (19) | |
Total income | (820) | (409) | (825) | |
Administrative expenses, depreciation and amortisation | (346) | (329) | (373) | |
Profit from operations | (1,166) | (738) | (1,198) | |
Net loan-loss provisions | (155) | (31) | (35) | |
Other gains (losses) and provisions | (190) | (412) | (238) | |
Operating profit/(loss) before tax | (1,511) | (1,181) | (1,471) | |
Income tax | (24) | (151) | (80) | |
Profit/(loss) from continuing operations | (1,535) | (1,332) | (1,551) | |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 | |
Profit/(loss) for the year | (1,535) | (1,332) | (1,551) | |
Profit/(loss) attributable to non-controlling interests | 2 | 0 | (9) | |
Attributable profit to the parent | (1,537) | (1,332) | (1,542) | |
Intra-Group eliminations | ||||
(Condensed) balance sheet | ||||
TOTAL ASSETS | (214,051) | (183,339) | (150,497) | |
Loans and advances to customers | 0 | 0 | 0 | |
Cash, balances at central banks and credit institutions and other deposits on demand | (125,195) | (99,501) | (67,803) | |
Debt instruments | 0 | 0 | 0 | |
Other financial assets | 0 | 0 | 0 | |
Other asset accounts | (88,856) | (83,838) | (82,694) | |
TOTAL LIABILITIES | (125,197) | (99,501) | (67,802) | |
Customer deposits | 0 | 0 | 0 | |
Central banks and credit institutions | (125,197) | (99,501) | (67,802) | |
Marketable debt securities | 0 | 0 | 0 | |
Other financial liabilities | 0 | 0 | 0 | |
Other liabilities accounts | 0 | 0 | 0 | |
Total equity | (88,854) | (83,838) | (82,695) | |
Other customer funds under management | 0 | 0 | 0 | |
Investment funds | 0 | 0 | 0 | |
Pension funds | 0 | 0 | 0 | |
Assets under management | 0 | 0 | 0 | |
Other non-managed marketed customer funds | € 0 | € 0 | € 0 |
Primary and secondary segment_4
Primary and secondary segments reporting - Business segments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Business segments | |||
Net interest income | € 33,370 | € 31,994 | € 35,283 |
Net fee income | 10,502 | 10,015 | 11,779 |
Gains (losses) on financial transactions | 1,563 | 2,187 | 1,531 |
Other operating income | 969 | 83 | 636 |
Total income | 46,404 | 44,279 | 49,229 |
Administrative expenses, depreciation and amortisation | (21,415) | (21,130) | (23,280) |
Profit from operations | 24,989 | 23,149 | 25,949 |
Net loan-loss provisions | (7,436) | (12,432) | (9,321) |
Other gains (losses) and provisions | (3,006) | (12,793) | (4,085) |
Operating profit/(loss) before tax | 14,547 | (2,076) | 12,543 |
Income tax | (4,894) | (5,632) | (4,427) |
Profit/(loss) from continuing operations | 9,653 | (7,708) | 8,116 |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 |
Profit/(loss) for the year | 9,653 | (7,708) | 8,116 |
Profit/(loss) attributable to non-controlling interests | 1,529 | 1,063 | 1,601 |
Profit/(loss) attributable to the parent | 8,124 | (8,771) | 6,515 |
Release presented in net loan loss provision instead of other gains (losses) and provisions for segment presentation | 29 | 50 | 31 |
Retail Banking | |||
Business segments | |||
Net interest income | 30,595 | 29,401 | 32,588 |
Net fee income | 7,045 | 6,986 | 8,663 |
Gains (losses) on financial transactions | 839 | 1,132 | 1,025 |
Other operating income | 390 | (153) | 291 |
Total income | 38,869 | 37,366 | 42,567 |
Administrative expenses, depreciation and amortisation | (17,102) | (17,285) | (19,280) |
Profit from operations | 21,767 | 20,081 | 23,287 |
Net loan-loss provisions | (7,082) | (11,633) | (9,132) |
Other gains (losses) and provisions | (2,053) | (1,238) | (1,624) |
Operating profit/(loss) before tax | 12,632 | 7,210 | 12,531 |
Income tax | (3,898) | (2,328) | (3,916) |
Profit/(loss) from continuing operations | 8,734 | 4,882 | 8,615 |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 |
Profit/(loss) for the year | 8,734 | 4,882 | 8,615 |
Profit/(loss) attributable to non-controlling interests | 1,345 | 921 | 1,364 |
Profit/(loss) attributable to the parent | 7,389 | 3,961 | 7,251 |
Santander Corporate & Investment Banking | |||
Business segments | |||
Net interest income | 2,921 | 2,842 | 2,655 |
Net fee income | 1,744 | 1,542 | 1,520 |
Gains (losses) on financial transactions | 766 | 670 | 689 |
Other operating income | 188 | 202 | 289 |
Total income | 5,619 | 5,256 | 5,153 |
Administrative expenses, depreciation and amortisation | (2,380) | (2,038) | (2,281) |
Profit from operations | 3,239 | 3,218 | 2,872 |
Net loan-loss provisions | (151) | (470) | (156) |
Other gains (losses) and provisions | (17) | (134) | (90) |
Operating profit/(loss) before tax | 3,071 | 2,614 | 2,626 |
Income tax | (821) | (750) | (794) |
Profit/(loss) from continuing operations | 2,250 | 1,864 | 1,832 |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 |
Profit/(loss) for the year | 2,250 | 1,864 | 1,832 |
Profit/(loss) attributable to non-controlling interests | 137 | 118 | 171 |
Profit/(loss) attributable to the parent | 2,113 | 1,746 | 1,661 |
Wealth Management & Insurance | |||
Business segments | |||
Net interest income | 477 | 394 | 479 |
Net fee income | 1,248 | 1,154 | 1,190 |
Gains (losses) on financial transactions | 100 | 99 | 117 |
Other operating income | 416 | 383 | 340 |
Total income | 2,241 | 2,030 | 2,126 |
Administrative expenses, depreciation and amortisation | (914) | (872) | (939) |
Profit from operations | 1,327 | 1,158 | 1,187 |
Net loan-loss provisions | (38) | (28) | 23 |
Other gains (losses) and provisions | 6 | 1 | (12) |
Operating profit/(loss) before tax | 1,295 | 1,131 | 1,198 |
Income tax | (309) | (272) | (280) |
Profit/(loss) from continuing operations | 986 | 859 | 918 |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 |
Profit/(loss) for the year | 986 | 859 | 918 |
Profit/(loss) attributable to non-controlling interests | 44 | 37 | 50 |
Profit/(loss) attributable to the parent | 942 | 822 | 868 |
PagoNxt | |||
Business segments | |||
Net interest income | 1 | (1) | 20 |
Net fee income | 493 | 362 | 456 |
Gains (losses) on financial transactions | (1) | (1) | (3) |
Other operating income | 2 | (3) | 0 |
Total income | 495 | 357 | 473 |
Administrative expenses, depreciation and amortisation | (673) | (443) | (407) |
Profit from operations | (178) | (86) | 66 |
Net loan-loss provisions | (10) | (12) | (21) |
Other gains (losses) and provisions | (39) | (2) | 0 |
Operating profit/(loss) before tax | (227) | (100) | 45 |
Income tax | (24) | (15) | (33) |
Profit/(loss) from continuing operations | (251) | (115) | 12 |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 |
Profit/(loss) for the year | (251) | (115) | 12 |
Profit/(loss) attributable to non-controlling interests | 2 | 1 | (2) |
Profit/(loss) attributable to the parent | (253) | (116) | 14 |
Corporate Centre | |||
Business segments | |||
Net interest income | (624) | (642) | (459) |
Net fee income | (28) | (29) | (50) |
Gains (losses) on financial transactions | (141) | 287 | (297) |
Other operating income | (27) | (25) | (19) |
Total income | (820) | (409) | (825) |
Administrative expenses, depreciation and amortisation | (346) | (329) | (373) |
Profit from operations | (1,166) | (738) | (1,198) |
Net loan-loss provisions | (155) | (31) | (35) |
Other gains (losses) and provisions | (190) | (412) | (238) |
Operating profit/(loss) before tax | (1,511) | (1,181) | (1,471) |
Income tax | (24) | (151) | (80) |
Profit/(loss) from continuing operations | (1,535) | (1,332) | (1,551) |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 |
Profit/(loss) for the year | (1,535) | (1,332) | (1,551) |
Profit/(loss) attributable to non-controlling interests | 2 | 0 | (9) |
Profit/(loss) attributable to the parent | (1,537) | (1,332) | (1,542) |
Operating segment | |||
Business segments | |||
Net interest income | 33,370 | 31,994 | 35,283 |
Net fee income | 10,502 | 10,015 | 11,779 |
Gains (losses) on financial transactions | 1,563 | 2,187 | 1,531 |
Other operating income | 969 | 404 | 901 |
Total income | 46,404 | 44,600 | 49,494 |
Administrative expenses, depreciation and amortisation | (21,415) | (20,967) | (23,280) |
Profit from operations | 24,989 | 23,633 | 26,214 |
Net loan-loss provisions | (7,436) | (12,174) | (9,321) |
Other gains (losses) and provisions | (2,293) | (1,785) | (1,964) |
Operating profit/(loss) before tax | 15,260 | 9,674 | 14,929 |
Income tax | (5,076) | (3,516) | (5,103) |
Profit/(loss) from continuing operations | 10,184 | 6,158 | 9,826 |
Profit/(loss) after tax from discontinued operations | 0 | 0 | 0 |
Profit/(loss) for the year | 10,184 | 6,158 | 9,826 |
Profit/(loss) attributable to non-controlling interests | 1,530 | 1,077 | 1,574 |
Profit/(loss) attributable to the parent | € 8,654 | € 5,081 | € 8,252 |
Primary and secondary segment_5
Primary and secondary segments reporting - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Business segments | |||
Net interest income | € 33,370 | € 31,994 | € 35,283 |
Net fee income | 10,502 | 10,015 | 11,779 |
Gains (losses) on financial transactions | 1,563 | 2,187 | 1,531 |
Other operating income | 969 | 83 | 636 |
Total income | 46,404 | 44,279 | 49,229 |
Administrative expenses, depreciation and amortisation | (21,415) | (21,130) | (23,280) |
Profit from operations | 24,989 | 23,149 | 25,949 |
Net loan-loss provisions | (7,436) | (12,432) | (9,321) |
Other gains (losses) and provisions | (3,006) | (12,793) | (4,085) |
Operating profit/(loss) before tax | 14,547 | (2,076) | 12,543 |
Income tax | (4,894) | (5,632) | (4,427) |
Profit/(loss) from continuing operations | 9,653 | (7,708) | 8,116 |
Profit from discontinued operations (net) | 0 | 0 | 0 |
Profit/(loss) for the year | 9,653 | (7,708) | 8,116 |
Profit/(loss) attributable to non-controlling interests | 1,529 | 1,063 | 1,601 |
Profit attributable to the parent | 8,124 | (8,771) | 6,515 |
Release presented in net loan loss provision instead of other gains (losses) and provisions for segment presentation | 29 | 50 | 31 |
Restructuring costs, net of tax | (530) | (1,114) | (864) |
Change in valuation of goodwill from acquisitions | (10,100) | ||
Other charges | (138) | ||
Provisions intangible assets and other | (174) | ||
Gain on integration of custody business | 693 | ||
Prisma | |||
Business segments | |||
Gain on sale of holdings in joint venture | 136 | ||
Spain | |||
Business segments | |||
Change in valuation of deferred tax asset | (2,500) | ||
Losses related to real estate business | (405) | ||
Brazil | |||
Business segments | |||
Tax effect from change in tax rate | 551 | ||
Santander UK | |||
Business segments | |||
Goodwill impairment, net of tax | (1,491) | ||
Provisions for PPI | (183) | ||
Underlying results | |||
Business segments | |||
Net interest income | 33,370 | 31,994 | 35,283 |
Net fee income | 10,502 | 10,015 | 11,779 |
Gains (losses) on financial transactions | 1,563 | 2,187 | 1,531 |
Other operating income | 969 | 404 | 901 |
Total income | 46,404 | 44,600 | 49,494 |
Administrative expenses, depreciation and amortisation | (21,415) | (20,967) | (23,280) |
Profit from operations | 24,989 | 23,633 | 26,214 |
Net loan-loss provisions | (7,436) | (12,174) | (9,321) |
Other gains (losses) and provisions | (2,293) | (1,785) | (1,964) |
Operating profit/(loss) before tax | 15,260 | 9,674 | 14,929 |
Income tax | (5,076) | (3,516) | (5,103) |
Profit/(loss) from continuing operations | 10,184 | 6,158 | 9,826 |
Profit from discontinued operations (net) | 0 | 0 | 0 |
Profit/(loss) for the year | 10,184 | 6,158 | 9,826 |
Profit/(loss) attributable to non-controlling interests | 1,530 | 1,077 | 1,574 |
Profit attributable to the parent | 8,654 | 5,081 | 8,252 |
Adjustments | |||
Business segments | |||
Net interest income | 0 | 0 | 0 |
Net fee income | 0 | 0 | 0 |
Gains (losses) on financial transactions | 0 | 0 | 0 |
Other operating income | 0 | (321) | (265) |
Total income | 0 | (321) | (265) |
Administrative expenses, depreciation and amortisation | 0 | (163) | 0 |
Profit from operations | 0 | (484) | (265) |
Net loan-loss provisions | 0 | (258) | 0 |
Other gains (losses) and provisions | (713) | (11,008) | (2,121) |
Operating profit/(loss) before tax | (713) | (11,750) | (2,386) |
Income tax | 182 | (2,116) | 676 |
Profit/(loss) from continuing operations | (531) | (13,866) | (1,710) |
Profit from discontinued operations (net) | 0 | 0 | 0 |
Profit/(loss) for the year | (531) | (13,866) | (1,710) |
Profit/(loss) attributable to non-controlling interests | (1) | (14) | 27 |
Profit attributable to the parent | € (530) | € (13,852) | € (1,737) |
Related parties (Details)
Related parties (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Associates and joint ventures | |||
Related parties | |||
Assets, related party | € 9,386 | € 8,473 | € 9,659 |
Liabilities, related party | 3,405 | 3,593 | 2,689 |
Income Statement, related party | 1,265 | 1,269 | 1,386 |
Interest income, related party | 90 | 106 | 111 |
Interest expense, related party | (13) | (8) | (15) |
Gains/losses on financial assets and liabilities and others, related party | (32) | 49 | 47 |
Commission income, related party | 1,268 | 1,154 | 1,269 |
Commission expense, related party | (48) | (32) | (26) |
Other, related party | 3,965 | 4,097 | 4,219 |
Contingent liabilities and others | 11 | 14 | 17 |
Contingent commitments | 314 | 253 | 197 |
Derivative financial instruments | 3,640 | 3,830 | 4,005 |
Associates and joint ventures | Financial liabilities: credit institutions | |||
Related parties | |||
Liabilities, related party | 867 | 944 | 563 |
Associates and joint ventures | Financial liabilities: customers | |||
Related parties | |||
Liabilities, related party | 2,464 | 2,557 | 2,064 |
Associates and joint ventures | Marketable debt securities | |||
Related parties | |||
Liabilities, related party | 0 | 12 | 0 |
Associates and joint ventures | Others | |||
Related parties | |||
Liabilities, related party | 74 | 80 | 62 |
Associates and joint ventures | Cash, cash balances at central banks and other deposits on demand | |||
Related parties | |||
Assets, related party | 131 | 151 | 740 |
Associates and joint ventures | Loans and advances: credit institutions | |||
Related parties | |||
Assets, related party | 437 | 562 | 961 |
Associates and joint ventures | Loans and advances: customers | |||
Related parties | |||
Assets, related party | 8,148 | 6,934 | 6,950 |
Associates and joint ventures | Debt instruments | |||
Related parties | |||
Assets, related party | 496 | 423 | 848 |
Associates and joint ventures | Others | |||
Related parties | |||
Assets, related party | 174 | 403 | 160 |
Members of the board of directors | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Liabilities, related party | 8 | 4 | 41 |
Income Statement, related party | 0 | 0 | 0 |
Interest income, related party | 0 | 0 | 0 |
Interest expense, related party | 0 | 0 | 0 |
Gains/losses on financial assets and liabilities and others, related party | 0 | 0 | 0 |
Commission income, related party | 0 | 0 | 0 |
Commission expense, related party | 0 | 0 | 0 |
Other, related party | 2 | 1 | 7 |
Contingent liabilities and others | 1 | 0 | 5 |
Contingent commitments | 1 | 1 | 1 |
Derivative financial instruments | 0 | 0 | 1 |
Members of the board of directors | Financial liabilities: credit institutions | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Members of the board of directors | Financial liabilities: customers | |||
Related parties | |||
Liabilities, related party | 8 | 4 | 41 |
Members of the board of directors | Marketable debt securities | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Members of the board of directors | Others | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Members of the board of directors | Cash, cash balances at central banks and other deposits on demand | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Members of the board of directors | Loans and advances: credit institutions | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Members of the board of directors | Loans and advances: customers | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Members of the board of directors | Debt instruments | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Members of the board of directors | Others | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Executive vicepresident | |||
Related parties | |||
Assets, related party | 14 | 24 | 26 |
Liabilities, related party | 11 | 16 | 12 |
Income Statement, related party | 0 | 0 | 0 |
Interest income, related party | 0 | 0 | 0 |
Interest expense, related party | 0 | 0 | 0 |
Gains/losses on financial assets and liabilities and others, related party | 0 | 0 | 0 |
Commission income, related party | 0 | 0 | 0 |
Commission expense, related party | 0 | 0 | 0 |
Other, related party | 2 | 1 | 3 |
Contingent liabilities and others | 1 | 0 | 2 |
Contingent commitments | 1 | 1 | 1 |
Derivative financial instruments | 0 | 0 | 0 |
Executive vicepresident | Financial liabilities: credit institutions | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Executive vicepresident | Financial liabilities: customers | |||
Related parties | |||
Liabilities, related party | 11 | 16 | 12 |
Executive vicepresident | Marketable debt securities | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Executive vicepresident | Others | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Executive vicepresident | Cash, cash balances at central banks and other deposits on demand | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Executive vicepresident | Loans and advances: credit institutions | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Executive vicepresident | Loans and advances: customers | |||
Related parties | |||
Assets, related party | 14 | 24 | 26 |
Executive vicepresident | Debt instruments | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Executive vicepresident | Others | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Other related parties | |||
Related parties | |||
Assets, related party | 384 | 95 | 104 |
Liabilities, related party | 197 | 159 | 57 |
Income Statement, related party | 1 | 3 | 2 |
Interest income, related party | 1 | 2 | 1 |
Interest expense, related party | 0 | 0 | 0 |
Gains/losses on financial assets and liabilities and others, related party | 0 | 0 | 0 |
Commission income, related party | 0 | 1 | 1 |
Commission expense, related party | 0 | 0 | 0 |
Other, related party | 76 | 52 | 49 |
Contingent liabilities and others | 17 | 3 | 38 |
Contingent commitments | 13 | 13 | 6 |
Derivative financial instruments | 46 | 36 | 5 |
Other related parties | Financial liabilities: credit institutions | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Other related parties | Financial liabilities: customers | |||
Related parties | |||
Liabilities, related party | 197 | 159 | 57 |
Other related parties | Marketable debt securities | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Other related parties | Others | |||
Related parties | |||
Liabilities, related party | 0 | 0 | 0 |
Other related parties | Cash, cash balances at central banks and other deposits on demand | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Other related parties | Loans and advances: credit institutions | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Other related parties | Loans and advances: customers | |||
Related parties | |||
Assets, related party | 384 | 95 | 104 |
Other related parties | Debt instruments | |||
Related parties | |||
Assets, related party | 0 | 0 | 0 |
Other related parties | Others | |||
Related parties | |||
Assets, related party | € 0 | € 0 | € 0 |
Risk management - Risk governan
Risk management - Risk governance (Details) | 12 Months Ended |
Dec. 31, 2021line_of_defense | |
Risk management | |
Risk management and control model, number of lines of defense | 3 |
Risk management - Credit risk f
Risk management - Credit risk from customers (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Credit risk | |||
Loans and advances to customers | € 972,682 | € 916,199 | € 942,218 |
Banco Santander, S.A. | |||
Credit risk | |||
Credit risk with customers | € 1,051,115 | € 989,456 | € 1,016,507 |
Non-performing rate (as a percent) | 3.16% | 3.21% | 3.32% |
Banco Santander, S.A. | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 33,234 | € 31,767 | € 33,799 |
Europe | |||
Credit risk | |||
Credit risk with customers | € 636,123 | € 606,997 | € 605,969 |
Non-performing rate (as a percent) | 3.12% | 3.34% | 3.47% |
Percentage decrease in non-performing loans ratio | 0.22% | ||
Europe | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 19,822 | € 20,272 | € 21,054 |
Europe | Spain | |||
Credit risk | |||
Credit risk with customers | € 283,953 | € 272,154 | € 260,251 |
Non-performing rate (as a percent) | 4.72% | 5.16% | 5.78% |
Europe | Spain | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 13,403 | € 14,053 | € 15,047 |
Non-performing rate (as a percent) | 4.72% | ||
Percentage decrease in non-performing loans ratio | 0.44% | ||
Europe | United Kingdom | |||
Credit risk | |||
Credit risk with customers | € 262,869 | € 252,255 | € 264,297 |
Non-performing rate (as a percent) | 1.43% | 1.24% | 1.04% |
Europe | United Kingdom | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 3,766 | € 3,138 | € 2,736 |
Europe | Portugal | |||
Credit risk | |||
Credit risk with customers | € 41,941 | € 40,693 | € 37,978 |
Non-performing rate (as a percent) | 3.44% | 3.89% | 4.83% |
Europe | Portugal | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 1,442 | € 1,584 | € 1,834 |
Europe | Poland | |||
Credit risk | |||
Credit risk with customers | € 33,497 | € 31,578 | € 33,566 |
Non-performing rate (as a percent) | 3.61% | 4.74% | 4.31% |
Europe | Poland | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 1,210 | € 1,496 | € 1,447 |
North America | |||
Credit risk | |||
Credit risk with customers | € 149,792 | € 131,626 | € 143,839 |
Non-performing rate (as a percent) | 2.42% | 2.23% | 2.20% |
Percentage increase in non-performing loans ratio | 0.19% | ||
North America | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 3,632 | € 2,938 | € 3,165 |
North America | Santander Consumer USA | |||
Credit risk | |||
Percentage increase in non-performing loans ratio | 24.00% | ||
North America | United States | |||
Credit risk | |||
Credit risk with customers | € 112,808 | € 99,135 | € 105,792 |
Non-performing rate (as a percent) | 2.33% | 2.04% | 2.20% |
North America | United States | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 2,624 | € 2,025 | € 2,331 |
North America | United States | Santander Bank N.A. | |||
Credit risk | |||
Non-performing rate (as a percent) | 0.85% | ||
Percentage increase in non-performing loans ratio | 0.04% | ||
North America | United States | Santander Consumer USA | |||
Credit risk | |||
Non-performing rate (as a percent) | 6.27% | ||
North America | Mexico | |||
Credit risk | |||
Credit risk with customers | € 36,984 | € 32,476 | € 38,047 |
Non-performing rate (as a percent) | 2.73% | 2.81% | 2.19% |
North America | Mexico | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 1,009 | € 913 | € 834 |
South America | |||
Credit risk | |||
Credit risk with customers | € 141,874 | € 129,590 | € 143,428 |
Non-performing rate (as a percent) | 4.50% | 4.39% | 4.86% |
Percentage decrease in non-performing loans ratio | 0.11% | ||
South America | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 6,387 | € 5,688 | € 6,972 |
South America | Brazil | |||
Credit risk | |||
Credit risk with customers | € 85,702 | € 74,712 | € 88,893 |
Non-performing rate (as a percent) | 4.88% | 4.59% | 5.32% |
Percentage decrease in non-performing loans ratio | 0.29% | ||
South America | Brazil | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 4,182 | € 3,429 | € 4,727 |
South America | Chile | |||
Credit risk | |||
Credit risk with customers | € 41,479 | € 42,826 | € 42,000 |
Non-performing rate (as a percent) | 4.43% | 4.79% | 4.64% |
Percentage decrease in non-performing loans ratio | 0.36% | ||
South America | Chile | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 1,838 | € 2,051 | € 1,947 |
South America | Argentina | |||
Credit risk | |||
Credit risk with customers | € 5,481 | € 4,418 | € 5,044 |
Non-performing rate (as a percent) | 3.61% | 2.11% | 3.39% |
Percentage decrease in non-performing loans ratio | 15000.00% | ||
South America | Argentina | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 198 | € 93 | € 171 |
Digital Consumer Bank | |||
Credit risk | |||
Credit risk with customers | € 117,049 | € 116,381 | € 117,399 |
Non-performing rate (as a percent) | 2.13% | 2.17% | 2.10% |
Percentage decrease in non-performing loans ratio | 0.04% | ||
Digital Consumer Bank | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 2,490 | € 2,525 | € 2,470 |
Corporate Centre | |||
Credit risk | |||
Credit risk with customers | € 6,277 | € 4,862 | € 5,872 |
Non-performing rate (as a percent) | 14.38% | 7.08% | 2.34% |
Corporate Centre | Nonperforming | |||
Credit risk | |||
Loans and advances to customers | € 903 | € 344 | € 138 |
Risk management - Estimation of
Risk management - Estimation of expected loss (Details) | Dec. 31, 2021 |
Risk management | |
Percentage of total provisions for the most relevant units of the Group | 96.00% |
Risk management - Exposure and
Risk management - Exposure and impairment losses (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Exposure and impairment losses | |||
Maximum exposure to credit risk | € 903,647 | € 861,432 | € 943,903 |
Impairment losses | 22,125 | 23,422 | 21,567 |
Financial instruments purchased credit impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 420 | 497 | 706 |
Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 802,968 | 766,034 | 859,643 |
Impairment losses | 4,149 | 4,458 | 3,980 |
Maximum exposure, financial instruments not included elsewhere | 349,228 | 478,093 | 507,479 |
Stage 1 | Financial instruments not credit-impaired | Other units | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 102,631 | 98,121 | 38,174 |
Impairment losses | 408 | 180 | 264 |
Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 69,968 | 64,962 | 52,897 |
Impairment losses | 5,103 | 5,461 | 4,311 |
Stage 2 and 3 | Financial instruments not credit-impaired | Other units | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 1,870 | 3,613 | 1,422 |
Impairment losses | 322 | 393 | 306 |
Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Impairment losses | 12,873 | 13,503 | 13,276 |
Stage 2 and 3 | Financial instruments credit-impaired | Other units | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 2,522 | 1,322 | 1,056 |
Impairment losses | 841 | 277 | 91 |
Investment grade | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 579,241 | 498,642 | 558,295 |
Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 565,443 | 489,518 | 552,763 |
Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 13,798 | 9,124 | 5,532 |
Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Speculation grade | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 293,695 | 332,354 | 354,245 |
Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 237,525 | 276,516 | 306,880 |
Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 56,170 | 55,838 | 47,365 |
Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Default | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | € 30,711 | € 30,436 | € 31,363 |
Risk management - COVID-19 (Det
Risk management - COVID-19 (Details) - EUR (€) | Dec. 31, 2021 | Dec. 31, 2020 |
Credit risk | ||
Total amount of payment moratoria | € 93,112,000,000 | |
Percentage to lending porfolio | 9.68% | |
Santander UK | ||
Credit risk | ||
Total amount of payment moratoria | € 40,949,000,000 | |
Percentage to lending porfolio | 16.53% | |
Percentage of payment moratoria granted that expired | 100.00% | 93.50% |
COVID-19 pandemic | Financial assets at amortized cost | ||
Credit risk | ||
Allowance account for credit losses of financial assets | € 3,105,000,000 | |
Impairment credit losses, overlay | € 1,235,000,000 | |
United States | North America | Santander Bank N.A. | ||
Credit risk | ||
Total amount of payment moratoria | € 3,723,000,000 | |
Percentage to lending porfolio | 7.32% | |
Percentage of payment moratoria granted that expired | 99.90% | 90.00% |
Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.067 | € 0.031 |
Financial instruments credit-impaired | Santander UK | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.031 | |
Financial instruments credit-impaired | United States | North America | Santander Bank N.A. | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.059 | |
Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.746 | 0.824 |
Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.187 | 0.145 |
Financial instruments not credit-impaired | Santander UK | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.817 | 0.836 |
Financial instruments not credit-impaired | Santander UK | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.152 | 0.147 |
Financial instruments not credit-impaired | United States | North America | Santander Bank N.A. | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.679 | 0.621 |
Financial instruments not credit-impaired | United States | North America | Santander Bank N.A. | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.262 | € 0.353 |
Loans under government programs | United States | North America | Santander Bank N.A. | ||
Credit risk | ||
Total portfolio | € 221,000,000 | |
Credit risk | ||
Credit risk | ||
Percentage of payment moratoria granted that expired | 99.80% | 79.10% |
Credit risk | Loans under government programs | ||
Credit risk | ||
Total portfolio | € 39,879,000,000 | |
Credit risk | Loans under government programs | Weighted Average | Spain | ||
Credit risk | ||
Percentage of guarantee coverage exposure | 68.00% | |
Percentage of guarantee coverage | 77.00% | |
Credit risk | Loans under government programs | Weighted Average | United Kingdom | ||
Credit risk | ||
Percentage of guarantee coverage exposure | 13.00% | |
Percentage of guarantee coverage | 98.00% |
Risk management - Credit risk_2
Risk management - Credit risk from UK customers (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2021EUR (€)numberOfPayments | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | |
Credit risk | |||
Financial assets | € 163,853 | € 176,554 | € 184,596 |
Maximum exposure to credit risk | 903,647 | 861,432 | 943,903 |
Impairment loss on financial assets | 22,125 | 23,422 | 21,567 |
Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 802,968 | 766,034 | 859,643 |
Impairment loss on financial assets | 4,149 | 4,458 | 3,980 |
Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 69,968 | 64,962 | 52,897 |
Impairment loss on financial assets | 5,103 | 5,461 | 4,311 |
Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Impairment loss on financial assets | 12,873 | 13,503 | 13,276 |
Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 579,241 | 498,642 | 558,295 |
Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 565,443 | 489,518 | 552,763 |
Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 13,798 | 9,124 | 5,532 |
Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 293,695 | 332,354 | 354,245 |
Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 237,525 | 276,516 | 306,880 |
Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 56,170 | 55,838 | 47,365 |
Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | |||
Credit risk | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Default | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Gross carrying amount | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Financial assets | 133,437 | 134,792 | 147,575 |
Gross carrying amount | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Financial assets | 128 | 72 | 446 |
Gross carrying amount | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Financial assets | 280 | 401 | 647 |
Santander UK | |||
Credit risk | |||
Maximum exposure to credit risk | 247,678 | 241,300 | 296,662 |
Impairment loss on financial assets | 967 | 1,448 | 1,175 |
Santander UK | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 223,481 | 219,030 | 279,266 |
Impairment loss on financial assets | 135 | 223 | 117 |
Santander UK | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 20,689 | 19,041 | 14,575 |
Impairment loss on financial assets | 372 | 557 | 470 |
Santander UK | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 3,508 | 3,229 | 2,821 |
Impairment loss on financial assets | 460 | 668 | 588 |
Santander UK | Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 219,506 | 186,292 | 241,017 |
Santander UK | Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 210,418 | 184,065 | 238,985 |
Santander UK | Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 9,088 | 2,227 | 2,032 |
Santander UK | Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander UK | Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 24,664 | 51,779 | 52,824 |
Santander UK | Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 13,063 | 34,965 | 40,281 |
Santander UK | Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 11,601 | 16,814 | 12,543 |
Santander UK | Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander UK | Default | |||
Credit risk | |||
Maximum exposure to credit risk | 3,508 | 3,229 | 2,821 |
Santander UK | Default | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander UK | Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Santander UK | Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | € 3,508 | € 3,229 | € 2,821 |
United Kingdom | |||
Credit risk | |||
Credit risk increase percentage | 4.20% | ||
Percentage of growth rate in local currency | (2.50%) | ||
Risk exposure | € 262,869 | ||
Percent at risk | 25.00% | ||
Number of payment holidays granted | numberOfPayments | 368,000 | ||
Government-backed loans granted, amount | € 5,280 | ||
Non-performing rate (as a percent) | 1.43% | ||
Percentage increase in non-performing loans ratio | 0.19% | ||
United Kingdom | Santander UK | Mortgages | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 209,949 | ||
Percent increase in portfolio | 4.30% |
Risk management - COVID-19 paym
Risk management - COVID-19 payment moratoria in UK (Details) - EUR (€) | Dec. 31, 2021 | Dec. 31, 2020 |
Credit risk | ||
Total amount of payment moratoria | € 93,112,000,000 | |
Percentage to lending porfolio | 9.68% | |
Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.746 | € 0.824 |
Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.187 | 0.145 |
Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.067 | 0.031 |
Santander UK | ||
Credit risk | ||
Total amount of payment moratoria | € 40,949,000,000 | |
Percentage to lending porfolio | 16.53% | |
Percentage of payment moratoria granted that expired | 100.00% | 93.50% |
Santander UK | Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.817 | € 0.836 |
Santander UK | Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.152 | € 0.147 |
Santander UK | Financial instruments credit-impaired | ||
Credit risk | ||
Payment moratoria, performance percentage | 1.70% | |
Santander UK | Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.031 |
Risk management - Expected loss
Risk management - Expected losses based on prospective information UK customers (Details) - Santander UK - scenario | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Credit risk | |||
Number of prospective macroeconomic scenarios | 5 | ||
Evolution projection period (in years) | 5 years | ||
PD percentage increase from initial recognition | 100.00% | ||
Minimum period of irregular positions to consider significant increase in risk | 30 days | ||
Maximum | |||
Credit risk | |||
Threshold percentage in determining classification of Stage 2 | 3.60% | ||
Minimum | |||
Credit risk | |||
Threshold percentage in determining classification of Stage 2 | 0.30% | ||
Mortgages | |||
Credit risk | |||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 19.10% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (6.70%) | ||
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 4.00% | ||
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (3.70%) | ||
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (9.60%) | ||
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 21.00% | ||
Corporate | |||
Credit risk | |||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 5.70% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (1.00%) | ||
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 3.10% | ||
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (0.60%) | ||
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (0.40%) | ||
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 0.40% | ||
Pessimistic scenario 3 | |||
Credit risk | |||
Interest rate (as a percent) | (0.10%) | ||
Unemployment rate (as a percent) | 8.40% | ||
Housing price change (as a percent) | (5.00%) | ||
GDP growth (as a percent) | 0.00% | ||
Percentage of weightings associated with the macroeconomic scenarios | 5.00% | 10.00% | 0.00% |
Pessimistic scenario 2 | |||
Credit risk | |||
Interest rate (as a percent) | 2.00% | ||
Unemployment rate (as a percent) | 6.40% | ||
Housing price change (as a percent) | (3.00%) | ||
GDP growth (as a percent) | 1.00% | ||
Percentage of weightings associated with the macroeconomic scenarios | 20.00% | 25.00% | 15.00% |
Pessimistic scenario 1 | |||
Credit risk | |||
Interest rate (as a percent) | 0.80% | ||
Unemployment rate (as a percent) | 5.10% | ||
Housing price change (as a percent) | (1.50%) | ||
GDP growth (as a percent) | 1.30% | ||
Percentage of weightings associated with the macroeconomic scenarios | 25.00% | 15.00% | 30.00% |
Base scenario | |||
Credit risk | |||
Interest rate (as a percent) | 0.70% | ||
Unemployment rate (as a percent) | 4.40% | ||
Housing price change (as a percent) | 2.20% | ||
GDP growth (as a percent) | 2.20% | ||
Percentage of weightings associated with the macroeconomic scenarios | 45.00% | 45.00% | 40.00% |
Optimistic scenario 1 | |||
Credit risk | |||
Interest rate (as a percent) | 1.10% | ||
Unemployment rate (as a percent) | 4.00% | ||
Housing price change (as a percent) | 1.50% | ||
GDP growth (as a percent) | 2.60% | ||
Percentage of weightings associated with the macroeconomic scenarios | 5.00% | 5.00% | 10.00% |
Optimistic scenario 2 | |||
Credit risk | |||
Percentage of weightings associated with the macroeconomic scenarios | 0.00% | 0.00% | 5.00% |
Risk management - Spain portfol
Risk management - Spain portfolio overview (Details) - EUR (€) | 12 Months Ended | 13 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2021 | |
Credit risk | ||||
Maximum exposure to credit risk | € 903,647,000,000 | € 861,432,000,000 | € 943,903,000,000 | € 903,647,000,000 |
Impairment loss on financial assets | 22,125,000,000 | 23,422,000,000 | 21,567,000,000 | |
Stage 1 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 802,968,000,000 | 766,034,000,000 | 859,643,000,000 | 802,968,000,000 |
Impairment loss on financial assets | 4,149,000,000 | 4,458,000,000 | 3,980,000,000 | |
Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 69,968,000,000 | 64,962,000,000 | 52,897,000,000 | 69,968,000,000 |
Impairment loss on financial assets | 5,103,000,000 | 5,461,000,000 | 4,311,000,000 | |
Stage 2 and 3 | Financial instruments credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 30,711,000,000 | 30,436,000,000 | 31,363,000,000 | 30,711,000,000 |
Impairment loss on financial assets | 12,873,000,000 | 13,503,000,000 | 13,276,000,000 | |
Investment grade | ||||
Credit risk | ||||
Maximum exposure to credit risk | 579,241,000,000 | 498,642,000,000 | 558,295,000,000 | 579,241,000,000 |
Investment grade | Stage 1 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 565,443,000,000 | 489,518,000,000 | 552,763,000,000 | 565,443,000,000 |
Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 13,798,000,000 | 9,124,000,000 | 5,532,000,000 | 13,798,000,000 |
Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 0 | 0 | 0 | 0 |
Speculation grade | ||||
Credit risk | ||||
Maximum exposure to credit risk | 293,695,000,000 | 332,354,000,000 | 354,245,000,000 | 293,695,000,000 |
Speculation grade | Stage 1 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 237,525,000,000 | 276,516,000,000 | 306,880,000,000 | 237,525,000,000 |
Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 56,170,000,000 | 55,838,000,000 | 47,365,000,000 | 56,170,000,000 |
Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 0 | 0 | 0 | 0 |
Default | ||||
Credit risk | ||||
Maximum exposure to credit risk | 30,711,000,000 | 30,436,000,000 | 31,363,000,000 | 30,711,000,000 |
Default | Stage 1 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 0 | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 0 | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | € 30,711,000,000 | € 30,436,000,000 | € 31,363,000,000 | € 30,711,000,000 |
Europe | ||||
Credit risk | ||||
Non-performing rate (as a percent) | 3.12% | 3.34% | 3.47% | 3.12% |
Percentage decrease in non-performing loans ratio | 0.22% | |||
Spain | ||||
Credit risk | ||||
Risk exposure associated with instruments sharing characteristic | € 283,953,000,000 | € 283,953,000,000 | ||
Percent at risk | 27.00% | 27.00% | ||
Credit risk decrease percentage | 4.30% | |||
ICO loans | € 27,294,000,000 | € 27,294,000,000 | ||
Maximum exposure to credit risk | 214,762,000,000 | € 214,442,000,000 | € 207,293,000,000 | 214,762,000,000 |
Impairment loss on financial assets | 6,007,000,000 | 6,488,000,000 | 5,994,000,000 | |
Spain | Change in reportable segments | ||||
Credit risk | ||||
Maximum exposure to credit risk | 64,852,000,000 | 50,813,000,000 | 46,584,000,000 | 64,852,000,000 |
Impairment loss on financial assets | 227,000,000 | 180,000,000 | 106,000,000 | |
Spain | Stage 1 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 186,353,000,000 | 187,622,000,000 | 182,276,000,000 | 186,353,000,000 |
Impairment loss on financial assets | 422,000,000 | 479,000,000 | 296,000,000 | |
Spain | Stage 1 | Financial instruments not credit-impaired | Remaining legal entities | ||||
Credit risk | ||||
Maximum exposure to credit risk | 5,693,000,000 | |||
Impairment loss on financial assets | 55,000,000 | |||
Spain | Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 15,648,000,000 | 13,058,000,000 | 10,430,000,000 | 15,648,000,000 |
Impairment loss on financial assets | 580,000,000 | 732,000,000 | 503,000,000 | |
Spain | Stage 2 and 3 | Financial instruments not credit-impaired | Remaining legal entities | ||||
Credit risk | ||||
Maximum exposure to credit risk | 445,000,000 | |||
Impairment loss on financial assets | 41,000,000 | |||
Spain | Stage 2 and 3 | Financial instruments credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 12,761,000,000 | 13,762,000,000 | 14,587,000,000 | 12,761,000,000 |
Impairment loss on financial assets | 5,005,000,000 | 5,277,000,000 | 5,195,000,000 | |
Spain | Stage 2 and 3 | Financial instruments credit-impaired | Remaining legal entities | ||||
Credit risk | ||||
Maximum exposure to credit risk | 237,000,000 | |||
Impairment loss on financial assets | 8,000,000 | |||
Spain | Investment grade | ||||
Credit risk | ||||
Maximum exposure to credit risk | 154,028,000,000 | 148,509,000,000 | 140,988,000,000 | 154,028,000,000 |
Spain | Investment grade | Stage 1 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 153,120,000,000 | 146,992,000,000 | 139,673,000,000 | 153,120,000,000 |
Spain | Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 908,000,000 | 1,517,000,000 | 1,315,000,000 | 908,000,000 |
Spain | Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 0 | 0 | 0 | 0 |
Spain | Speculation grade | ||||
Credit risk | ||||
Maximum exposure to credit risk | 47,973,000,000 | 52,171,000,000 | 51,718,000,000 | 47,973,000,000 |
Spain | Speculation grade | Stage 1 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 33,233,000,000 | 40,630,000,000 | 42,603,000,000 | 33,233,000,000 |
Spain | Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 14,740,000,000 | 11,541,000,000 | 9,115,000,000 | 14,740,000,000 |
Spain | Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 0 | 0 | 0 | 0 |
Spain | Default | ||||
Credit risk | ||||
Maximum exposure to credit risk | 12,761,000,000 | 13,762,000,000 | 14,587,000,000 | 12,761,000,000 |
Spain | Default | Stage 1 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 0 | 0 | 0 | 0 |
Spain | Default | Stage 2 and 3 | Financial instruments not credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | 0 | 0 | 0 | 0 |
Spain | Default | Stage 2 and 3 | Financial instruments credit-impaired | ||||
Credit risk | ||||
Maximum exposure to credit risk | € 12,761,000,000 | € 13,762,000,000 | € 14,587,000,000 | € 12,761,000,000 |
Spain | Europe | ||||
Credit risk | ||||
Non-performing rate (as a percent) | 4.72% | 5.16% | 5.78% | 4.72% |
Spain | Europe | Nonperforming | ||||
Credit risk | ||||
Non-performing rate (as a percent) | 4.72% | 4.72% | ||
Percentage decrease in non-performing loans ratio | 0.44% | |||
Coverage rate (as a percent) | 51.00% | 51.00% | ||
Percentage increase in nonperforming ratio | 0.04% |
Risk management - COVID-19 pa_2
Risk management - COVID-19 payment moratoria in Spain (Details) - EUR (€) | Dec. 31, 2021 | Dec. 31, 2020 |
Credit risk | ||
Total amount of payment moratoria | € 93,112,000,000 | |
Percentage to lending porfolio | 9.68% | |
Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.746 | € 0.824 |
Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.187 | 0.145 |
Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.067 | 0.031 |
Spain | ||
Credit risk | ||
Total amount of payment moratoria | € 9,819,000,000 | |
Percentage to lending porfolio | 4.87% | |
Percentage of payment moratoria granted that expired | 99.60% | 26.40% |
Spain | Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.756 | € 0.772 |
Spain | Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.149 | € 0.15 |
Spain | Financial instruments credit-impaired | ||
Credit risk | ||
Payment moratoria, performance percentage | 7.80% | |
Spain | Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.095 |
Risk management - Expected lo_2
Risk management - Expected losses based on prospective information Spain customers (Details) - Spain - scenario | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Credit risk | |||
Number of prospective macroeconomic scenarios | 3 | ||
Evolution projection period (in years) | 5 years | ||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 4.90% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (2.70%) | ||
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 3.30% | ||
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (1.40%) | ||
Maximum | |||
Credit risk | |||
Threshold percentage in determining classification of Stage 2 | 25.00% | ||
SICR rating range | 0.1 | ||
Estimated sensitivity rate range | 9.3 | ||
Minimum | |||
Credit risk | |||
Threshold percentage in determining classification of Stage 2 | 1.00% | ||
SICR rating range | 4 | ||
Estimated sensitivity rate range | 1 | ||
Mortgages | |||
Credit risk | |||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 11.90% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (4.90%) | ||
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 4.10% | ||
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (2.50%) | ||
Corporate | |||
Credit risk | |||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 5.40% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (2.90%) | ||
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 3.20% | ||
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (1.70%) | ||
Pessimistic scenario | |||
Credit risk | |||
Interest rate (as a percent) | 0.60% | ||
Unemployment rate (as a percent) | 18.30% | ||
Housing price change (as a percent) | 1.60% | ||
GDP growth (as a percent) | 1.10% | ||
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 30.00% | 30.00% |
Base scenario | |||
Credit risk | |||
Interest rate (as a percent) | (0.20%) | ||
Unemployment rate (as a percent) | 13.00% | ||
Housing price change (as a percent) | 2.60% | ||
GDP growth (as a percent) | 2.90% | ||
Percentage of weightings associated with the macroeconomic scenarios | 40.00% | 40.00% | 40.00% |
Optimistic scenario | |||
Credit risk | |||
Interest rate (as a percent) | (0.20%) | ||
Unemployment rate (as a percent) | 11.20% | ||
Housing price change (as a percent) | 3.20% | ||
GDP growth (as a percent) | 3.70% | ||
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 30.00% | 30.00% |
Risk management - Spain home pu
Risk management - Spain home purchase loans (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Credit risk | |||
Financial assets | € 163,853 | € 176,554 | € 184,596 |
Spain | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 216,741 | € 215,330 | € 204,810 |
Spain | Mortgages | |||
Credit risk | |||
Debt-to-income ratio (as a percent) | 27.00% | 27.00% | 26.00% |
Spain | Mortgages | Less Than 80 % | Maximum | |||
Credit risk | |||
Loan-to-value (LTV) ratio | 80.00% | ||
Spain | Mortgages | Santander Bank N.A. | Retail and commercial banking | United States | |||
Credit risk | |||
Percentage of portfolio with LTV less than 80% | 89.41% | ||
Spain | Mortgages | Of which property collateral | |||
Credit risk | |||
Percentage secured by mortgage | 99.33% | 99.35% | 99.51% |
Spain | Mortgages | Gross carrying amount | |||
Credit risk | |||
Financial assets | € 62,324 | € 59,605 | € 62,236 |
Spain | Mortgages | Gross carrying amount | Nonperforming | |||
Credit risk | |||
Financial assets | 1,860 | 1,850 | 2,649 |
Spain | Mortgages | Gross carrying amount | Without collateral | |||
Credit risk | |||
Financial assets | 419 | 387 | 306 |
Spain | Mortgages | Gross carrying amount | Without collateral | Nonperforming | |||
Credit risk | |||
Financial assets | 115 | 75 | 14 |
Spain | Mortgages | Gross carrying amount | Of which property collateral | |||
Credit risk | |||
Financial assets | 61,905 | 59,218 | 61,930 |
Spain | Mortgages | Gross carrying amount | Of which property collateral | Less than or equal to 40% | |||
Credit risk | |||
Financial assets | 16,479 | ||
Spain | Mortgages | Gross carrying amount | Of which property collateral | More than 40% and less than or equal to 60% | |||
Credit risk | |||
Financial assets | 19,391 | ||
Spain | Mortgages | Gross carrying amount | Of which property collateral | More than 60% and less than or equal to 80% | |||
Credit risk | |||
Financial assets | 19,479 | ||
Spain | Mortgages | Gross carrying amount | Of which property collateral | More than 80% and less than or equal to 100% | |||
Credit risk | |||
Financial assets | 4,376 | ||
Spain | Mortgages | Gross carrying amount | Of which property collateral | More than 100% | |||
Credit risk | |||
Financial assets | 2,180 | ||
Spain | Mortgages | Gross carrying amount | Of which property collateral | Nonperforming | |||
Credit risk | |||
Financial assets | 1,745 | € 1,775 | € 2,635 |
Spain | Mortgages | Gross carrying amount | Of which property collateral | Nonperforming | Less than or equal to 40% | |||
Credit risk | |||
Financial assets | 187 | ||
Spain | Mortgages | Gross carrying amount | Of which property collateral | Nonperforming | More than 40% and less than or equal to 60% | |||
Credit risk | |||
Financial assets | 240 | ||
Spain | Mortgages | Gross carrying amount | Of which property collateral | Nonperforming | More than 60% and less than or equal to 80% | |||
Credit risk | |||
Financial assets | 349 | ||
Spain | Mortgages | Gross carrying amount | Of which property collateral | Nonperforming | More than 80% and less than or equal to 100% | |||
Credit risk | |||
Financial assets | 313 | ||
Spain | Mortgages | Gross carrying amount | Of which property collateral | Nonperforming | More than 100% | |||
Credit risk | |||
Financial assets | € 656 |
Risk management - Spain compani
Risk management - Spain companies portfolio (Details) - Spain € in Millions | 12 Months Ended |
Dec. 31, 2021EUR (€) | |
Credit risk | |
Percent at risk | 27.00% |
Risk exposure | € 283,953 |
SMEs and Corporates | |
Credit risk | |
Percent at risk | 40.00% |
Decrease in risk exposure | 5.20% |
Risk exposure | € 114,937 |
Non-performing rate (as a percent) | 7.48% |
Increase in nonperforming ratio (as a percent) | 0.06% |
Risk management - Spain real es
Risk management - Spain real estate business (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Changes in property loans | |||
Financial assets at beginning of period | € 176,554 | € 184,596 | |
Financial assets at end of period | 163,853 | 176,554 | € 184,596 |
Spain | Real estate operations in Spain | Construction and property development | |||
Changes in property loans | |||
Financial assets at beginning of period | 2,871 | 2,939 | 4,812 |
Foreclosed assets | (1) | (6) | (29) |
Reductions | (230) | (24) | (1,685) |
Write-off of impaired assets against recorded allowance | (15) | (38) | (159) |
Financial assets at end of period | € 2,625 | € 2,871 | € 2,939 |
Risk management - Spain real _2
Risk management - Spain real estate business: gross, collateral, allowance (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Distribution of portfolio | ||||
Financial assets | € 163,853 | € 176,554 | € 184,596 | |
Accumulated impairment | ||||
Distribution of portfolio | ||||
Financial assets | (215) | (284) | (474) | |
Spain | ||||
Distribution of portfolio | ||||
Excess over collateral value | 283,953 | |||
Spain | Gross carrying amount | ||||
Distribution of portfolio | ||||
Financial assets | 216,741 | 215,330 | 204,810 | |
Spain | Real estate operations in Spain | Gross carrying amount | ||||
Distribution of portfolio | ||||
Financial assets | 2,625 | |||
Spain | Real estate operations in Spain | Accumulated impairment | ||||
Distribution of portfolio | ||||
Financial assets | (1,472) | |||
Spain | Real estate operations in Spain | Construction and property development | ||||
Distribution of portfolio | ||||
Financial assets | 2,625 | € 2,871 | € 2,939 | € 4,812 |
Excess over collateral value | € 380 | |||
Spain | Real estate operations in Spain | Construction and property development | Nonperforming | ||||
Distribution of portfolio | ||||
Non-performing rate (as a percent) | 5.07% | 6.13% | 9.73% | |
Coverage rate (as a percent) | 30.08% | 32.95% | 35.31% | |
Excess over collateral value | € 22 | |||
Spain | Real estate operations in Spain | Construction and property development | Gross carrying amount | ||||
Distribution of portfolio | ||||
Financial assets | 2,625 | |||
Spain | Real estate operations in Spain | Construction and property development | Gross carrying amount | Nonperforming | ||||
Distribution of portfolio | ||||
Financial assets | 133 | |||
Written-off assets | 650 | |||
Spain | Real estate operations in Spain | Construction and property development | Accumulated impairment | Individually calculated | ||||
Distribution of portfolio | ||||
Financial assets | (53) | |||
Spain | Real estate operations in Spain | Construction and property development | Accumulated impairment | Nonperforming | Individually calculated | ||||
Distribution of portfolio | ||||
Financial assets | € (40) |
Risk management - Spain real _3
Risk management - Spain real estate business segment information (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Memorandum items: Data from the public consolidated balance sheet | |||
Total loans and advances to customers excluding the public sector (business in Spain) | € 972,682 | € 916,199 | € 942,218 |
Total assets | 1,595,835 | 1,508,250 | 1,522,695 |
Financial assets | 163,853 | 176,554 | 184,596 |
Accumulated impairment | |||
Memorandum items: Data from the public consolidated balance sheet | |||
Financial assets | (215) | € (284) | € (474) |
Spain | Real estate operations in Spain | |||
Memorandum items: Data from the public consolidated balance sheet | |||
Total assets | 1,595,835 | ||
Spain | Real estate operations in Spain | Accumulated impairment | |||
Memorandum items: Data from the public consolidated balance sheet | |||
Financial assets | (1,472) | ||
Spain | Real estate operations in Spain | Customers excluding the public sector | |||
Memorandum items: Data from the public consolidated balance sheet | |||
Total loans and advances to customers excluding the public sector (business in Spain) | € 239,328 |
Risk management - Spain real _4
Risk management - Spain real estate business concentration information (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Distribution of portfolio | |||
Financial assets | € 163,853 | € 176,554 | € 184,596 |
Spain | Gross carrying amount | |||
Distribution of portfolio | |||
Financial assets | 216,741 | € 215,330 | € 204,810 |
Spain | Real estate operations in Spain | Gross carrying amount | |||
Distribution of portfolio | |||
Financial assets | 2,625 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Without collateral | |||
Distribution of portfolio | |||
Financial assets | 180 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Of which property collateral | |||
Distribution of portfolio | |||
Financial assets | 2,445 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Buildings | Of which property collateral | |||
Distribution of portfolio | |||
Financial assets | 1,412 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Buildings | Residential Property Collateral | |||
Distribution of portfolio | |||
Financial assets | 876 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Buildings | Non-residential Property Collateral | |||
Distribution of portfolio | |||
Financial assets | 536 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Construction in progress | Of which property collateral | |||
Distribution of portfolio | |||
Financial assets | 969 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Construction in progress | Residential Property Collateral | |||
Distribution of portfolio | |||
Financial assets | 907 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Construction in progress | Non-residential Property Collateral | |||
Distribution of portfolio | |||
Financial assets | 62 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Land | Of which property collateral | |||
Distribution of portfolio | |||
Financial assets | 64 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Land | Developed Land Collateral | |||
Distribution of portfolio | |||
Financial assets | 46 | ||
Spain | Real estate operations in Spain | Gross carrying amount | Land | Undeveloped Land Collateral | |||
Distribution of portfolio | |||
Financial assets | € 18 |
Risk management - Spain foreclo
Risk management - Spain foreclosed properties (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Assets foreclosed | ||||
Loans and advances to customers | € 972,682 | € 916,199 | € 942,218 | |
Investments | 7,525 | 7,622 | 8,772 | € 7,588 |
Spain | Foreclosed Properties | ||||
Assets foreclosed | ||||
Loans and advances to customers | 3,591 | 3,962 | 4,190 | |
Investments | 701 | |||
Changes in property loans | ||||
Gross additions | 400 | 500 | 700 | |
Disposals | (1,100) | (900) | (2,700) | |
Difference | (700) | (400) | (2,000) | |
Spain | Foreclosed Properties | Project Quasar Investment 2017 S.L. | ||||
Assets foreclosed | ||||
Investments | 655 | |||
Spain | Foreclosed Properties | Construction and property development | ||||
Assets foreclosed | ||||
Loans and advances to customers | 2,937 | |||
Spain | Foreclosed Properties | Completed buildings | ||||
Assets foreclosed | ||||
Loans and advances to customers | 1,101 | |||
Spain | Foreclosed Properties | Completed buildings | Residential loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | 289 | |||
Spain | Foreclosed Properties | Completed buildings | Other purposes | ||||
Assets foreclosed | ||||
Loans and advances to customers | 812 | |||
Spain | Foreclosed Properties | Buildings and other constructions under construction | ||||
Assets foreclosed | ||||
Loans and advances to customers | 55 | |||
Spain | Foreclosed Properties | Buildings and other constructions under construction | Residential loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | 30 | |||
Spain | Foreclosed Properties | Buildings and other constructions under construction | Other purposes | ||||
Assets foreclosed | ||||
Loans and advances to customers | 25 | |||
Spain | Foreclosed Properties | Land | ||||
Assets foreclosed | ||||
Loans and advances to customers | 1,781 | |||
Spain | Foreclosed Properties | Land | Developed consolidated land | ||||
Assets foreclosed | ||||
Loans and advances to customers | 701 | |||
Spain | Foreclosed Properties | Land | Other land | ||||
Assets foreclosed | ||||
Loans and advances to customers | 1,080 | |||
Spain | Foreclosed Properties | Home purchase loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | 528 | |||
Spain | Foreclosed Properties | Other loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | 126 | |||
Spain | Foreclosed Properties | Gross carrying amount | ||||
Assets foreclosed | ||||
Loans and advances to customers | 7,364 | 7,937 | 8,226 | |
Spain | Foreclosed Properties | Gross carrying amount | Construction and property development | ||||
Assets foreclosed | ||||
Loans and advances to customers | 6,313 | |||
Spain | Foreclosed Properties | Gross carrying amount | Completed buildings | ||||
Assets foreclosed | ||||
Loans and advances to customers | 1,900 | |||
Spain | Foreclosed Properties | Gross carrying amount | Completed buildings | Residential loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | 470 | |||
Spain | Foreclosed Properties | Gross carrying amount | Completed buildings | Other purposes | ||||
Assets foreclosed | ||||
Loans and advances to customers | 1,430 | |||
Spain | Foreclosed Properties | Gross carrying amount | Buildings and other constructions under construction | ||||
Assets foreclosed | ||||
Loans and advances to customers | 112 | |||
Spain | Foreclosed Properties | Gross carrying amount | Buildings and other constructions under construction | Residential loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | 56 | |||
Spain | Foreclosed Properties | Gross carrying amount | Buildings and other constructions under construction | Other purposes | ||||
Assets foreclosed | ||||
Loans and advances to customers | 56 | |||
Spain | Foreclosed Properties | Gross carrying amount | Land | ||||
Assets foreclosed | ||||
Loans and advances to customers | 4,301 | |||
Spain | Foreclosed Properties | Gross carrying amount | Land | Developed consolidated land | ||||
Assets foreclosed | ||||
Loans and advances to customers | 1,506 | |||
Spain | Foreclosed Properties | Gross carrying amount | Land | Other land | ||||
Assets foreclosed | ||||
Loans and advances to customers | 2,795 | |||
Spain | Foreclosed Properties | Gross carrying amount | Home purchase loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | 838 | |||
Spain | Foreclosed Properties | Gross carrying amount | Other loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | 213 | |||
Spain | Foreclosed Properties | Accumulated impairment | ||||
Assets foreclosed | ||||
Loans and advances to customers | (3,773) | (3,975) | (4,036) | |
Spain | Foreclosed Properties | Accumulated impairment | Construction and property development | ||||
Assets foreclosed | ||||
Loans and advances to customers | (3,376) | |||
Spain | Foreclosed Properties | Accumulated impairment | Completed buildings | ||||
Assets foreclosed | ||||
Loans and advances to customers | (799) | |||
Spain | Foreclosed Properties | Accumulated impairment | Completed buildings | Residential loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | (181) | |||
Spain | Foreclosed Properties | Accumulated impairment | Completed buildings | Other purposes | ||||
Assets foreclosed | ||||
Loans and advances to customers | (618) | |||
Spain | Foreclosed Properties | Accumulated impairment | Buildings and other constructions under construction | ||||
Assets foreclosed | ||||
Loans and advances to customers | (57) | |||
Spain | Foreclosed Properties | Accumulated impairment | Buildings and other constructions under construction | Residential loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | (26) | |||
Spain | Foreclosed Properties | Accumulated impairment | Buildings and other constructions under construction | Other purposes | ||||
Assets foreclosed | ||||
Loans and advances to customers | (31) | |||
Spain | Foreclosed Properties | Accumulated impairment | Land | ||||
Assets foreclosed | ||||
Loans and advances to customers | (2,520) | |||
Spain | Foreclosed Properties | Accumulated impairment | Land | Developed consolidated land | ||||
Assets foreclosed | ||||
Loans and advances to customers | (805) | |||
Spain | Foreclosed Properties | Accumulated impairment | Land | Other land | ||||
Assets foreclosed | ||||
Loans and advances to customers | (1,715) | |||
Spain | Foreclosed Properties | Accumulated impairment | Home purchase loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | (310) | |||
Spain | Foreclosed Properties | Accumulated impairment | Other loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | (87) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | ||||
Assets foreclosed | ||||
Loans and advances to customers | (2,729) | € (2,834) | € (2,812) | |
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Construction and property development | ||||
Assets foreclosed | ||||
Loans and advances to customers | (2,455) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Completed buildings | ||||
Assets foreclosed | ||||
Loans and advances to customers | (627) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Completed buildings | Residential loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | (143) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Completed buildings | Other purposes | ||||
Assets foreclosed | ||||
Loans and advances to customers | (484) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Buildings and other constructions under construction | ||||
Assets foreclosed | ||||
Loans and advances to customers | (42) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Buildings and other constructions under construction | Residential loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | (17) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Buildings and other constructions under construction | Other purposes | ||||
Assets foreclosed | ||||
Loans and advances to customers | (25) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Land | ||||
Assets foreclosed | ||||
Loans and advances to customers | (1,786) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Land | Developed consolidated land | ||||
Assets foreclosed | ||||
Loans and advances to customers | (496) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Land | Other land | ||||
Assets foreclosed | ||||
Loans and advances to customers | (1,290) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Home purchase loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | (211) | |||
Spain | Foreclosed Properties | Impairment losses since time of foreclosure | Other loans | ||||
Assets foreclosed | ||||
Loans and advances to customers | (63) | |||
Spain | Foreclosed Equity Instruments | Project Quasar Investment 2017 S.L. | ||||
Assets foreclosed | ||||
Investments | € 16 |
Risk management - United States
Risk management - United States - Santander Bank, N.A. (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Credit risk | |||
Maximum exposure to credit risk | € 903,647 | € 861,432 | € 943,903 |
Impairment loss on financial assets | 22,125 | 23,422 | 21,567 |
Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 802,968 | 766,034 | 859,643 |
Impairment loss on financial assets | 4,149 | 4,458 | 3,980 |
Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 69,968 | 64,962 | 52,897 |
Impairment loss on financial assets | 5,103 | 5,461 | 4,311 |
Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Impairment loss on financial assets | 12,873 | 13,503 | 13,276 |
Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 579,241 | 498,642 | 558,295 |
Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 565,443 | 489,518 | 552,763 |
Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 13,798 | 9,124 | 5,532 |
Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 293,695 | 332,354 | 354,245 |
Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 237,525 | 276,516 | 306,880 |
Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 56,170 | 55,838 | 47,365 |
Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | |||
Credit risk | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Default | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | € 30,711 | € 30,436 | € 31,363 |
North America | |||
Credit risk | |||
Non-performing rate (as a percent) | 2.42% | 2.23% | 2.20% |
Percentage increase in non-performing loans ratio | 0.19% | ||
United States | North America | |||
Credit risk | |||
Risk exposure associated with instruments sharing characteristic | € 112,808 | ||
Non-performing rate (as a percent) | 2.33% | 2.04% | 2.20% |
United States | North America | Santander Bank N.A. | |||
Credit risk | |||
Percentage increase in lending | 15.10% | ||
Percentage increase in lending excluding exchange rate effect | 9.20% | ||
Non-performing rate (as a percent) | 0.85% | ||
Percentage increase in non-performing loans ratio | 0.04% | ||
Percentage increase in cost of credit | 0.06% | ||
Maximum exposure to credit risk | € 55,154 | € 47,643 | € 64,497 |
Impairment loss on financial assets | 622 | 702 | 544 |
United States | North America | Santander Bank N.A. | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 50,403 | 42,485 | 59,351 |
Impairment loss on financial assets | 263 | 344 | 265 |
United States | North America | Santander Bank N.A. | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 4,274 | 4,755 | 4,727 |
Impairment loss on financial assets | 314 | 316 | 208 |
United States | North America | Santander Bank N.A. | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 477 | 403 | 419 |
Impairment loss on financial assets | 45 | 42 | 71 |
United States | North America | Santander Bank N.A. | Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 39,348 | 19,883 | 27,841 |
United States | North America | Santander Bank N.A. | Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 38,191 | 18,105 | 27,078 |
United States | North America | Santander Bank N.A. | Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 1,157 | 1,778 | 763 |
United States | North America | Santander Bank N.A. | Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
United States | North America | Santander Bank N.A. | Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 15,329 | 27,357 | 36,237 |
United States | North America | Santander Bank N.A. | Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 12,212 | 24,380 | 32,273 |
United States | North America | Santander Bank N.A. | Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 3,117 | 2,977 | 3,964 |
United States | North America | Santander Bank N.A. | Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
United States | North America | Santander Bank N.A. | Default | |||
Credit risk | |||
Maximum exposure to credit risk | 477 | 403 | 419 |
United States | North America | Santander Bank N.A. | Default | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
United States | North America | Santander Bank N.A. | Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
United States | North America | Santander Bank N.A. | Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | € 477 | 403 | 419 |
United States | North America | Santander Bank N.A. | Retail and commercial banking | |||
Credit risk | |||
Credit exposure percentage | 78.00% | ||
United States | North America | Santander Bank N.A. | Individuals | |||
Credit risk | |||
Credit exposure percentage | 24.00% | ||
United States | North America | Santander Bank N.A. | Companies | |||
Credit risk | |||
Credit exposure percentage | 76.00% | ||
United States | North America | Santander Bank N.A. | Wholesale banking business | |||
Credit risk | |||
Credit exposure percentage | 22.00% | ||
Spain | |||
Credit risk | |||
Risk exposure associated with instruments sharing characteristic | € 283,953 | ||
Maximum exposure to credit risk | 214,762 | 214,442 | 207,293 |
Impairment loss on financial assets | 6,007 | 6,488 | 5,994 |
Spain | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 186,353 | 187,622 | 182,276 |
Impairment loss on financial assets | 422 | 479 | 296 |
Spain | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 15,648 | 13,058 | 10,430 |
Impairment loss on financial assets | 580 | 732 | 503 |
Spain | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 12,761 | 13,762 | 14,587 |
Impairment loss on financial assets | 5,005 | 5,277 | 5,195 |
Spain | Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 154,028 | 148,509 | 140,988 |
Spain | Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 153,120 | 146,992 | 139,673 |
Spain | Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 908 | 1,517 | 1,315 |
Spain | Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Spain | Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 47,973 | 52,171 | 51,718 |
Spain | Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 33,233 | 40,630 | 42,603 |
Spain | Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 14,740 | 11,541 | 9,115 |
Spain | Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Spain | Default | |||
Credit risk | |||
Maximum exposure to credit risk | 12,761 | 13,762 | 14,587 |
Spain | Default | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Spain | Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Spain | Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | € 12,761 | € 13,762 | € 14,587 |
Spain | North America | |||
Credit risk | |||
Credit exposure percentage | 11.00% |
Risk management - United Stat_2
Risk management - United States - Santander Bank, N.A. - COVID-19 pandemic moratoria (Details) - EUR (€) | Dec. 31, 2021 | Dec. 31, 2020 |
Credit risk | ||
Total amount of payment moratoria | € 93,112,000,000 | |
Percentage to lending porfolio | 9.68% | |
Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.746 | € 0.824 |
Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.187 | 0.145 |
Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.067 | € 0.031 |
United States | North America | Santander Bank N.A. | ||
Credit risk | ||
Total amount of payment moratoria | € 3,723,000,000 | |
Percentage to lending porfolio | 7.32% | |
Percentage of payment moratoria granted that expired | 99.90% | 90.00% |
United States | North America | Santander Bank N.A. | Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.679 | € 0.621 |
United States | North America | Santander Bank N.A. | Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.262 | € 0.353 |
United States | North America | Santander Bank N.A. | Financial instruments credit-impaired | ||
Credit risk | ||
Payment moratoria, performance percentage | 2.60% | |
United States | North America | Santander Bank N.A. | Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.059 | |
United States | North America | Santander Bank N.A. | Loans under government programs | ||
Credit risk | ||
Total portfolio | € 221,000,000 |
Risk management - United Stat_3
Risk management - United States - Santander Bank, N.A - Expected losses based on prospective information (Details) - Santander Bank N.A. - scenario | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Home purchase loans | |||
Credit risk | |||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 2.00% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (1.40%) | ||
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 3.70% | ||
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (2.00%) | ||
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (5.50%) | ||
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 6.60% | ||
Corporate loans | |||
Credit risk | |||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 7.40% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (4.60%) | ||
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 12.40% | ||
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (6.30%) | ||
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (15.10%) | ||
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 22.80% | ||
United States | North America | |||
Credit risk | |||
Number of prospective macroeconomic scenarios | 4 | ||
Evolution projection period (in years) | 5 years | ||
Minimum period of irregular positions to consider significant increase in risk | 30 days | ||
United States | North America | Maximum | |||
Credit risk | |||
Threshold percentage in determining classification of Stage 2 | 1.20% | ||
SICR rating range | 2 | ||
Estimated sensitivity rate range | 9.3 | ||
United States | North America | Minimum | |||
Credit risk | |||
Threshold percentage in determining classification of Stage 2 | 0.20% | ||
SICR rating range | 0.1 | ||
Estimated sensitivity rate range | 1 | ||
United States | North America | Pessimistic scenario 2 | |||
Credit risk | |||
Interest rate (as a percent) | 0.20% | ||
Unemployment rate (as a percent) | 6.60% | ||
Housing price change (as a percent) | 1.20% | ||
GDP growth (as a percent) | 2.30% | ||
Percentage of weightings associated with the macroeconomic scenarios | 18.00% | 18.00% | 18.00% |
United States | North America | Pessimistic scenario 1 | |||
Credit risk | |||
Interest rate (as a percent) | 1.20% | ||
Unemployment rate (as a percent) | 4.60% | ||
Housing price change (as a percent) | 1.70% | ||
GDP growth (as a percent) | 2.80% | ||
Percentage of weightings associated with the macroeconomic scenarios | 20.00% | 20.00% | 20.00% |
United States | North America | Base scenario | |||
Credit risk | |||
Interest rate (as a percent) | 1.30% | ||
Unemployment rate (as a percent) | 3.80% | ||
Housing price change (as a percent) | 2.30% | ||
GDP growth (as a percent) | 2.70% | ||
Percentage of weightings associated with the macroeconomic scenarios | 33.00% | 33.00% | 33.00% |
United States | North America | Optimistic scenario | |||
Credit risk | |||
Interest rate (as a percent) | 1.70% | ||
Unemployment rate (as a percent) | 3.30% | ||
Housing price change (as a percent) | 2.80% | ||
GDP growth (as a percent) | 3.30% | ||
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 30.00% | 30.00% |
Risk management - United Stat_4
Risk management - United States - SC USA (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Credit risk | |||
Loans and advances to customers | € 972,682 | € 916,199 | € 942,218 |
North America | |||
Credit risk | |||
Non-performing rate (as a percent) | 2.42% | 2.23% | 2.20% |
United States | North America | |||
Credit risk | |||
Non-performing rate (as a percent) | 2.33% | 2.04% | 2.20% |
United States | North America | Santander Consumer USA Holdings, Inc. | |||
Credit risk | |||
Percentage increase in loan originations | 4.00% | ||
Non-performing rate (as a percent) | 6.27% | ||
Percentage increase in nonperforming ratio | 1.01% | ||
Cost of credit (as a percent) | 1.54% | ||
Decrease in cost of credit (as a percent) | 6.54% | ||
Coverage rate (as a percent) | 176.00% | ||
Decrease in nonperforming coverage ratio (in percentage) | 0.54% | ||
United States | North America | Santander Consumer USA Holdings, Inc. | Stellantis Group | Auto financing through loan and leasing | |||
Credit risk | |||
Decrease in leases (in percentage) | 5.00% | ||
Loans and advances to customers | € 13,600 |
Risk management - United Stat_5
Risk management - United States - SC USA - Exposure and impairment losses (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Exposure and impairment losses | |||
Maximum exposure to credit risk | € 903,647 | € 861,432 | € 943,903 |
Impairment losses | 22,125 | 23,422 | 21,567 |
Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 802,968 | 766,034 | 859,643 |
Impairment losses | 4,149 | 4,458 | 3,980 |
Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 69,968 | 64,962 | 52,897 |
Impairment losses | 5,103 | 5,461 | 4,311 |
Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Impairment losses | 12,873 | 13,503 | 13,276 |
Investment grade | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 579,241 | 498,642 | 558,295 |
Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 565,443 | 489,518 | 552,763 |
Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 13,798 | 9,124 | 5,532 |
Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Speculation grade | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 293,695 | 332,354 | 354,245 |
Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 237,525 | 276,516 | 306,880 |
Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 56,170 | 55,838 | 47,365 |
Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Default | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
United States | North America | Santander Consumer USA Holdings, Inc. | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 29,652 | 29,042 | 29,003 |
Impairment losses | 2,837 | 3,457 | 3,093 |
United States | North America | Santander Consumer USA Holdings, Inc. | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 20,094 | 23,180 | 21,112 |
Impairment losses | 524 | 911 | 859 |
United States | North America | Santander Consumer USA Holdings, Inc. | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 7,900 | 4,843 | 6,291 |
Impairment losses | 1,741 | 1,820 | 1,503 |
United States | North America | Santander Consumer USA Holdings, Inc. | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 1,658 | 1,019 | 1,600 |
Impairment losses | 572 | 726 | 731 |
United States | North America | Santander Consumer USA Holdings, Inc. | Investment grade | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 1,257 | 1,701 | 1,043 |
United States | North America | Santander Consumer USA Holdings, Inc. | Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 1,218 | 1,689 | 1,029 |
United States | North America | Santander Consumer USA Holdings, Inc. | Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 39 | 12 | 14 |
United States | North America | Santander Consumer USA Holdings, Inc. | Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
United States | North America | Santander Consumer USA Holdings, Inc. | Speculation grade | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 26,737 | 26,322 | 26,360 |
United States | North America | Santander Consumer USA Holdings, Inc. | Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 18,876 | 21,491 | 20,083 |
United States | North America | Santander Consumer USA Holdings, Inc. | Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 7,861 | 4,831 | 6,277 |
United States | North America | Santander Consumer USA Holdings, Inc. | Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
United States | North America | Santander Consumer USA Holdings, Inc. | Default | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 1,658 | 1,019 | 1,600 |
United States | North America | Santander Consumer USA Holdings, Inc. | Default | Stage 1 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
United States | North America | Santander Consumer USA Holdings, Inc. | Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
United States | North America | Santander Consumer USA Holdings, Inc. | Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Exposure and impairment losses | |||
Maximum exposure to credit risk | € 1,658 | € 1,019 | € 1,600 |
Risk management - United Stat_6
Risk management - United States - SC USA - COVID-19 pandemic moratoria (Details) - EUR (€) | Dec. 31, 2021 | Dec. 31, 2020 |
Credit risk | ||
Total amount of payment moratoria | € 93,112,000,000 | |
Percentage to lending porfolio | 9.68% | |
Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.746 | € 0.824 |
Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.187 | 0.145 |
Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.067 | € 0.031 |
Santander Consumer USA | ||
Credit risk | ||
Impairment credit losses, overlay | 849,000,000 | |
North America | Santander Consumer USA | United States | ||
Credit risk | ||
Total amount of payment moratoria | € 5,370,000,000 | |
Percentage to lending porfolio | 18.11% | |
Percentage of payment moratoria granted that expired | 100.00% | 89.80% |
North America | Santander Consumer USA | Financial instruments not credit-impaired | Stage 1 | United States | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.028 | € 0.785 |
North America | Santander Consumer USA | Financial instruments not credit-impaired | Stage 2 and 3 | United States | ||
Credit risk | ||
Payment moratoria granted that expired | 0.687 | € 0.146 |
North America | Santander Consumer USA | Financial instruments credit-impaired | United States | ||
Credit risk | ||
Payment moratoria, performance percentage | 6.90% | |
North America | Santander Consumer USA | Financial instruments credit-impaired | Stage 2 and 3 | United States | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.285 |
Risk management - United Stat_7
Risk management - United States - SC USA - Expected losses based on prospective information (Details) - United States - North America - Santander Consumer USA - scenario | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Credit risk | |||
Number of prospective macroeconomic scenarios | 4 | ||
Evolution projection period (in years) | 5 years | ||
Minimum period of irregular positions to consider significant increase in risk | 30 days | ||
Maximum | |||
Credit risk | |||
Threshold percentage in determining classification of Stage 2 | 1.00% | ||
Minimum | |||
Credit risk | |||
Threshold percentage in determining classification of Stage 2 | 0.60% | ||
SC Auto | |||
Credit risk | |||
Change in provision assuming 100bp decrease in Manheim index (as a percent) | 1.10% | ||
Change in provision assuming 100bp increase in Manheim index (as a percent) | (0.70%) | ||
Change in provision assuming 100bp decrease in unemployment rate (as a percent) | (4.00%) | ||
Change in provision assuming 100bp increase in unemployment rate (as a percent) | 4.60% | ||
Change in provision assuming 100bp decrease in housing price change rate (as a percent) | 2.60% | ||
Change in provision assuming 100bp increase in housing price change rate (as a percent) | (1.50%) | ||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 1.80% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (1.20%) | ||
Pessimistic scenario 2 | |||
Credit risk | |||
Interest rate (as a percent) | 0.20% | ||
Unemployment rate (as a percent) | 6.60% | ||
Housing price change (as a percent) | 1.20% | ||
GDP growth (as a percent) | 2.30% | ||
Indice Manheim (as a percent) | (2.30%) | ||
Percentage of weightings associated with the macroeconomic scenarios | 18.00% | 18.00% | 18.00% |
Pessimistic scenario 1 | |||
Credit risk | |||
Interest rate (as a percent) | 1.20% | ||
Unemployment rate (as a percent) | 4.60% | ||
Housing price change (as a percent) | 1.70% | ||
GDP growth (as a percent) | 2.80% | ||
Indice Manheim (as a percent) | (1.90%) | ||
Percentage of weightings associated with the macroeconomic scenarios | 20.00% | 20.00% | 20.00% |
Base scenario | |||
Credit risk | |||
Interest rate (as a percent) | 1.30% | ||
Unemployment rate (as a percent) | 3.80% | ||
Housing price change (as a percent) | 2.30% | ||
GDP growth (as a percent) | 2.70% | ||
Indice Manheim (as a percent) | (1.90%) | ||
Percentage of weightings associated with the macroeconomic scenarios | 33.00% | 33.00% | 33.00% |
Optimistic scenario | |||
Credit risk | |||
Interest rate (as a percent) | 1.70% | ||
Unemployment rate (as a percent) | 3.30% | ||
Housing price change (as a percent) | 2.80% | ||
GDP growth (as a percent) | 3.30% | ||
Indice Manheim (as a percent) | (1.80%) | ||
Percentage of weightings associated with the macroeconomic scenarios | 30.00% | 30.00% | 30.00% |
Risk management - Brazil (Detai
Risk management - Brazil (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Credit risk | |||
Maximum exposure to credit risk | € 903,647 | € 861,432 | € 943,903 |
Impairment losses | 22,125 | 23,422 | 21,567 |
Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 802,968 | 766,034 | 859,643 |
Impairment losses | 4,149 | 4,458 | 3,980 |
Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 69,968 | 64,962 | 52,897 |
Impairment losses | 5,103 | 5,461 | 4,311 |
Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Impairment losses | 12,873 | 13,503 | 13,276 |
Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 579,241 | 498,642 | 558,295 |
Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 565,443 | 489,518 | 552,763 |
Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 13,798 | 9,124 | 5,532 |
Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 293,695 | 332,354 | 354,245 |
Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 237,525 | 276,516 | 306,880 |
Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 56,170 | 55,838 | 47,365 |
Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | |||
Credit risk | |||
Maximum exposure to credit risk | 30,711 | 30,436 | 31,363 |
Default | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 30,711 | € 30,436 | 31,363 |
Brazil | |||
Credit risk | |||
Provision for loan loss | € 2,715 | ||
Decrease in provision for loan loss | (10.00%) | ||
Decrease in provision for loan loss in local currency (in percentage) | 35.00% | ||
Cost of credit (in percentage) | 3.73% | 4.35% | |
Brazil | South America | |||
Credit risk | |||
Risk exposure associated with instruments sharing characteristic | € 85,702 | ||
Credit risk increase percentage | 15.00% | ||
Percentage increase in credit risk, excluding exchange rate | 13.00% | ||
Credit exposure percentage | 8.00% | ||
Brazil | South America | Banco Santander (Brasil) S.A. | |||
Credit risk | |||
Maximum exposure to credit risk | € 84,682 | € 74,432 | 88,891 |
Impairment losses | 4,651 | 3,880 | 4,717 |
Brazil | South America | Banco Santander (Brasil) S.A. | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 75,140 | 64,852 | 78,463 |
Impairment losses | 1,232 | 971 | 1,054 |
Brazil | South America | Banco Santander (Brasil) S.A. | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 5,360 | 6,152 | 5,701 |
Impairment losses | 909 | 777 | 732 |
Brazil | South America | Banco Santander (Brasil) S.A. | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 4,182 | 3,428 | 4,727 |
Impairment losses | 2,510 | 2,132 | 2,931 |
Brazil | South America | Banco Santander (Brasil) S.A. | Investment grade | |||
Credit risk | |||
Maximum exposure to credit risk | 47,133 | 38,896 | 46,073 |
Brazil | South America | Banco Santander (Brasil) S.A. | Investment grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 46,558 | 38,686 | 45,765 |
Brazil | South America | Banco Santander (Brasil) S.A. | Investment grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 575 | 210 | 308 |
Brazil | South America | Banco Santander (Brasil) S.A. | Investment grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Brazil | South America | Banco Santander (Brasil) S.A. | Speculation grade | |||
Credit risk | |||
Maximum exposure to credit risk | 33,367 | 32,108 | 38,091 |
Brazil | South America | Banco Santander (Brasil) S.A. | Speculation grade | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 28,582 | 26,166 | 32,698 |
Brazil | South America | Banco Santander (Brasil) S.A. | Speculation grade | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 4,785 | 5,942 | 5,393 |
Brazil | South America | Banco Santander (Brasil) S.A. | Speculation grade | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Brazil | South America | Banco Santander (Brasil) S.A. | Default | |||
Credit risk | |||
Maximum exposure to credit risk | 4,182 | 3,428 | 4,727 |
Brazil | South America | Banco Santander (Brasil) S.A. | Default | Stage 1 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Brazil | South America | Banco Santander (Brasil) S.A. | Default | Stage 2 and 3 | Financial instruments not credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | 0 | 0 | 0 |
Brazil | South America | Banco Santander (Brasil) S.A. | Default | Stage 2 and 3 | Financial instruments credit-impaired | |||
Credit risk | |||
Maximum exposure to credit risk | € 4,182 | € 3,428 | € 4,727 |
Risk management - Brazil - COVI
Risk management - Brazil - COVID-19 pandemic moratoria (Details) - EUR (€) | Dec. 31, 2021 | Dec. 31, 2020 |
Credit risk | ||
Total amount of payment moratoria | € 93,112,000,000 | |
Percentage to lending porfolio | 9.68% | |
Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.746 | € 0.824 |
Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.187 | 0.145 |
Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.067 | € 0.031 |
Brazil | South America | Banco Santander (Brasil) S.A. | ||
Credit risk | ||
Total amount of payment moratoria | € 3,835,000,000 | |
Percentage to lending porfolio | 5.35% | |
Percentage of payment moratoria granted that expired | 99.70% | 92.40% |
Brazil | South America | Banco Santander (Brasil) S.A. | Loans under government programs | ||
Credit risk | ||
Total portfolio | € 1,563,000,000 | |
Brazil | South America | Banco Santander (Brasil) S.A. | Financial instruments not credit-impaired | Stage 1 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.708 | € 0.756 |
Brazil | South America | Banco Santander (Brasil) S.A. | Financial instruments not credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | 0.174 | € 0.176 |
Brazil | South America | Banco Santander (Brasil) S.A. | Financial instruments credit-impaired | ||
Credit risk | ||
Percentage of payment moratoria granted that expired | 6.80% | |
Brazil | South America | Banco Santander (Brasil) S.A. | Financial instruments credit-impaired | Stage 2 and 3 | ||
Credit risk | ||
Payment moratoria granted that expired | € 0.118 |
Risk management - Brazil - Expe
Risk management - Brazil - Expected losses based on prospective information (Details) - Brazil - scenario | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Credit risk | |||
Number of prospective macroeconomic scenarios | 3 | ||
Evolution projection period (in years) | 5 years | ||
Banco Santander (Brasil) S.A. | |||
Credit risk | |||
Minimum period of irregular positions to consider significant increase in risk | 30 days | ||
Banco Santander (Brasil) S.A. | Real State, Consigned and Financial portfolio | |||
Credit risk | |||
Minimum period of irregular positions to consider significant increase in risk | 60 days | ||
South America | Banco Santander (Brasil) S.A. | Consumer loans | |||
Credit risk | |||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 0.40% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.10%) | ||
Change in provision assuming 100bp decrease in burden income rate (as a percent) | (0.30%) | ||
Change in provision assuming 100bp increase in burden income rate (as a percent) | 0.70% | ||
Change in provision assuming 100bp decrease in interest rate (as a percent) | (0.10%) | ||
Change in provision assuming 100bp increase in interest rate (as a percent) | 0.60% | ||
South America | Banco Santander (Brasil) S.A. | Corporate | |||
Credit risk | |||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 1.30% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.60%) | ||
Change in provision assuming 100bp decrease in burden income rate (as a percent) | (0.50%) | ||
Change in provision assuming 100bp increase in burden income rate (as a percent) | 2.00% | ||
Change in provision assuming 100bp decrease in interest rate (as a percent) | (0.50%) | ||
Change in provision assuming 100bp increase in interest rate (as a percent) | 2.90% | ||
South America | Banco Santander (Brasil) S.A. | Rest | |||
Credit risk | |||
Change in provision assuming 100bp decrease in GDP growth rate (as a percent) | 1.90% | ||
Change in provision assuming 100bp increase in GDP growth rate (as a percent) | (0.90%) | ||
Change in provision assuming 100bp decrease in burden income rate (as a percent) | (1.30%) | ||
Change in provision assuming 100bp increase in burden income rate (as a percent) | 2.90% | ||
Change in provision assuming 100bp decrease in interest rate (as a percent) | (0.80%) | ||
Change in provision assuming 100bp increase in interest rate (as a percent) | 3.60% | ||
South America | Banco Santander (Brasil) S.A. | Pessimistic scenario | |||
Credit risk | |||
Interest rate (as a percent) | 13.30% | ||
Unemployment rate (as a percent) | 13.30% | ||
Housing price change (as a percent) | 2.60% | ||
GDP growth (as a percent) | (1.00%) | ||
Burden income (as a percent) | 38.90% | ||
Percentage of weightings associated with the macroeconomic scenarios | 10.00% | 10.00% | 10.00% |
South America | Banco Santander (Brasil) S.A. | Base scenario | |||
Credit risk | |||
Interest rate (as a percent) | 6.70% | ||
Unemployment rate (as a percent) | 12.10% | ||
Housing price change (as a percent) | 8.70% | ||
GDP growth (as a percent) | 2.10% | ||
Burden income (as a percent) | 34.90% | ||
Percentage of weightings associated with the macroeconomic scenarios | 80.00% | 80.00% | 80.00% |
South America | Banco Santander (Brasil) S.A. | Optimistic scenario | |||
Credit risk | |||
Interest rate (as a percent) | 4.80% | ||
Unemployment rate (as a percent) | 8.80% | ||
Housing price change (as a percent) | 13.20% | ||
GDP growth (as a percent) | 4.50% | ||
Burden income (as a percent) | 29.20% | ||
Percentage of weightings associated with the macroeconomic scenarios | 10.00% | 10.00% | 10.00% |
Risk management - Credit and co
Risk management - Credit and concentration risk (Details) € in Millions | 12 Months Ended |
Dec. 31, 2021EUR (€)numberOfRemunerationComponentcustomer | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of methods used to measure exposure to counterparty credit risk | numberOfRemunerationComponent | 2 |
Spain | |
Concentration of risk | |
Risk exposure | € 283,953 |
"Large Exposures" Customers | |
Concentration of risk | |
Number of largest groups | customer | 20 |
Credit risk | "Large Exposures" Customers | |
Concentration of risk | |
Large exposure threshold percentage | 10.00% |
Maximum percentage of eligible capital allowed under regulation | 25.00% |
Credit exposure, percentage of total loans | 5.00% |
Risk exposure | € 1,557,002 |
Credit risk | "Large Exposures" Customers | Spain | |
Concentration of risk | |
Risk exposure | 353,564 |
Credit risk | "Large Exposures" Customers | Other EU countries | |
Concentration of risk | |
Risk exposure | 307,760 |
Credit risk | "Large Exposures" Customers | America | |
Concentration of risk | |
Risk exposure | 463,607 |
Credit risk | "Large Exposures" Customers | Rest of the world | |
Concentration of risk | |
Risk exposure | 432,071 |
Credit risk | "Large Exposures" Customers | Central banks and Credit institutions | |
Concentration of risk | |
Risk exposure | 327,984 |
Credit risk | "Large Exposures" Customers | Central banks and Credit institutions | Spain | |
Concentration of risk | |
Risk exposure | 93,520 |
Credit risk | "Large Exposures" Customers | Central banks and Credit institutions | Other EU countries | |
Concentration of risk | |
Risk exposure | 59,499 |
Credit risk | "Large Exposures" Customers | Central banks and Credit institutions | America | |
Concentration of risk | |
Risk exposure | 81,647 |
Credit risk | "Large Exposures" Customers | Central banks and Credit institutions | Rest of the world | |
Concentration of risk | |
Risk exposure | 93,318 |
Credit risk | "Large Exposures" Customers | Public sector | |
Concentration of risk | |
Risk exposure | 149,623 |
Credit risk | "Large Exposures" Customers | Public sector | Spain | |
Concentration of risk | |
Risk exposure | 35,258 |
Credit risk | "Large Exposures" Customers | Public sector | Other EU countries | |
Concentration of risk | |
Risk exposure | 26,276 |
Credit risk | "Large Exposures" Customers | Public sector | America | |
Concentration of risk | |
Risk exposure | 82,194 |
Credit risk | "Large Exposures" Customers | Public sector | Rest of the world | |
Concentration of risk | |
Risk exposure | 5,895 |
Credit risk | "Large Exposures" Customers | Central government | |
Concentration of risk | |
Risk exposure | 124,807 |
Credit risk | "Large Exposures" Customers | Central government | Spain | |
Concentration of risk | |
Risk exposure | 23,188 |
Credit risk | "Large Exposures" Customers | Central government | Other EU countries | |
Concentration of risk | |
Risk exposure | 24,525 |
Credit risk | "Large Exposures" Customers | Central government | America | |
Concentration of risk | |
Risk exposure | 71,639 |
Credit risk | "Large Exposures" Customers | Central government | Rest of the world | |
Concentration of risk | |
Risk exposure | 5,455 |
Credit risk | "Large Exposures" Customers | Other central government | |
Concentration of risk | |
Risk exposure | 24,816 |
Credit risk | "Large Exposures" Customers | Other central government | Spain | |
Concentration of risk | |
Risk exposure | 12,070 |
Credit risk | "Large Exposures" Customers | Other central government | Other EU countries | |
Concentration of risk | |
Risk exposure | 1,751 |
Credit risk | "Large Exposures" Customers | Other central government | America | |
Concentration of risk | |
Risk exposure | 10,555 |
Credit risk | "Large Exposures" Customers | Other central government | Rest of the world | |
Concentration of risk | |
Risk exposure | 440 |
Credit risk | "Large Exposures" Customers | Other financial institutions (financial business activity) | |
Concentration of risk | |
Risk exposure | 120,294 |
Credit risk | "Large Exposures" Customers | Other financial institutions (financial business activity) | Spain | |
Concentration of risk | |
Risk exposure | 14,228 |
Credit risk | "Large Exposures" Customers | Other financial institutions (financial business activity) | Other EU countries | |
Concentration of risk | |
Risk exposure | 40,344 |
Credit risk | "Large Exposures" Customers | Other financial institutions (financial business activity) | America | |
Concentration of risk | |
Risk exposure | 35,818 |
Credit risk | "Large Exposures" Customers | Other financial institutions (financial business activity) | Rest of the world | |
Concentration of risk | |
Risk exposure | 29,904 |
Credit risk | "Large Exposures" Customers | Non-financial corporations and individual entrepreneurs (non-financial business activity) | |
Concentration of risk | |
Risk exposure | 415,297 |
Credit risk | "Large Exposures" Customers | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Spain | |
Concentration of risk | |
Risk exposure | 121,795 |
Credit risk | "Large Exposures" Customers | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Other EU countries | |
Concentration of risk | |
Risk exposure | 86,183 |
Credit risk | "Large Exposures" Customers | Non-financial corporations and individual entrepreneurs (non-financial business activity) | America | |
Concentration of risk | |
Risk exposure | 141,139 |
Credit risk | "Large Exposures" Customers | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Rest of the world | |
Concentration of risk | |
Risk exposure | 66,180 |
Credit risk | "Large Exposures" Customers | Construction and property development | |
Concentration of risk | |
Risk exposure | 21,523 |
Credit risk | "Large Exposures" Customers | Construction and property development | Spain | |
Concentration of risk | |
Risk exposure | 3,607 |
Credit risk | "Large Exposures" Customers | Construction and property development | Other EU countries | |
Concentration of risk | |
Risk exposure | 3,392 |
Credit risk | "Large Exposures" Customers | Construction and property development | America | |
Concentration of risk | |
Risk exposure | 7,309 |
Credit risk | "Large Exposures" Customers | Construction and property development | Rest of the world | |
Concentration of risk | |
Risk exposure | 7,215 |
Credit risk | "Large Exposures" Customers | Civil engineering construction | |
Concentration of risk | |
Risk exposure | 5,857 |
Credit risk | "Large Exposures" Customers | Civil engineering construction | Spain | |
Concentration of risk | |
Risk exposure | 2,397 |
Credit risk | "Large Exposures" Customers | Civil engineering construction | Other EU countries | |
Concentration of risk | |
Risk exposure | 2,442 |
Credit risk | "Large Exposures" Customers | Civil engineering construction | America | |
Concentration of risk | |
Risk exposure | 847 |
Credit risk | "Large Exposures" Customers | Civil engineering construction | Rest of the world | |
Concentration of risk | |
Risk exposure | 171 |
Credit risk | "Large Exposures" Customers | Large companies | |
Concentration of risk | |
Risk exposure | 248,955 |
Credit risk | "Large Exposures" Customers | Large companies | Spain | |
Concentration of risk | |
Risk exposure | 58,030 |
Credit risk | "Large Exposures" Customers | Large companies | Other EU countries | |
Concentration of risk | |
Risk exposure | 49,343 |
Credit risk | "Large Exposures" Customers | Large companies | America | |
Concentration of risk | |
Risk exposure | 94,496 |
Credit risk | "Large Exposures" Customers | Large companies | Rest of the world | |
Concentration of risk | |
Risk exposure | 47,086 |
Credit risk | "Large Exposures" Customers | SMEs and individual entrepreneurs | |
Concentration of risk | |
Risk exposure | 138,962 |
Credit risk | "Large Exposures" Customers | SMEs and individual entrepreneurs | Spain | |
Concentration of risk | |
Risk exposure | 57,761 |
Credit risk | "Large Exposures" Customers | SMEs and individual entrepreneurs | Other EU countries | |
Concentration of risk | |
Risk exposure | 31,006 |
Credit risk | "Large Exposures" Customers | SMEs and individual entrepreneurs | America | |
Concentration of risk | |
Risk exposure | 38,487 |
Credit risk | "Large Exposures" Customers | SMEs and individual entrepreneurs | Rest of the world | |
Concentration of risk | |
Risk exposure | 11,708 |
Credit risk | "Large Exposures" Customers | Households - other | |
Concentration of risk | |
Risk exposure | 543,804 |
Credit risk | "Large Exposures" Customers | Households - other | Spain | |
Concentration of risk | |
Risk exposure | 88,763 |
Credit risk | "Large Exposures" Customers | Households - other | Other EU countries | |
Concentration of risk | |
Risk exposure | 95,458 |
Credit risk | "Large Exposures" Customers | Households - other | America | |
Concentration of risk | |
Risk exposure | 122,809 |
Credit risk | "Large Exposures" Customers | Households - other | Rest of the world | |
Concentration of risk | |
Risk exposure | 236,774 |
Credit risk | "Large Exposures" Customers | Residential | |
Concentration of risk | |
Risk exposure | 353,752 |
Credit risk | "Large Exposures" Customers | Residential | Spain | |
Concentration of risk | |
Risk exposure | 63,487 |
Credit risk | "Large Exposures" Customers | Residential | Other EU countries | |
Concentration of risk | |
Risk exposure | 35,978 |
Credit risk | "Large Exposures" Customers | Residential | America | |
Concentration of risk | |
Risk exposure | 40,265 |
Credit risk | "Large Exposures" Customers | Residential | Rest of the world | |
Concentration of risk | |
Risk exposure | 214,022 |
Credit risk | "Large Exposures" Customers | Consumer loans | |
Concentration of risk | |
Risk exposure | 169,897 |
Credit risk | "Large Exposures" Customers | Consumer loans | Spain | |
Concentration of risk | |
Risk exposure | 18,078 |
Credit risk | "Large Exposures" Customers | Consumer loans | Other EU countries | |
Concentration of risk | |
Risk exposure | 56,879 |
Credit risk | "Large Exposures" Customers | Consumer loans | America | |
Concentration of risk | |
Risk exposure | 75,837 |
Credit risk | "Large Exposures" Customers | Consumer loans | Rest of the world | |
Concentration of risk | |
Risk exposure | 19,103 |
Credit risk | "Large Exposures" Customers | Other purposes | |
Concentration of risk | |
Risk exposure | 20,155 |
Credit risk | "Large Exposures" Customers | Other purposes | Spain | |
Concentration of risk | |
Risk exposure | 7,198 |
Credit risk | "Large Exposures" Customers | Other purposes | Other EU countries | |
Concentration of risk | |
Risk exposure | 2,601 |
Credit risk | "Large Exposures" Customers | Other purposes | America | |
Concentration of risk | |
Risk exposure | 6,707 |
Credit risk | "Large Exposures" Customers | Other purposes | Rest of the world | |
Concentration of risk | |
Risk exposure | € 3,649 |
Risk management - Sovereign ris
Risk management - Sovereign risk and exposure to other public sector entities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Spain | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 283,953 | ||
Local sovereign other than official currency risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 10,013 | ||
Percentage of total sovereign risk | 2.60% | ||
Non-local sovereign cross border risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 7,011 | ||
Percentage of total sovereign risk | 1.80% | ||
Sovereign Risk | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 119,020 | € 129,923 | |
Sovereign Risk | Standard & Poors AAA Rating | |||
Sovereign risk and exposure to other public sector entities | |||
Maximum exposure limit, percentage | 15.00% | 18.00% | 20.00% |
Sovereign Risk | Standard & Poors AA Rating | |||
Sovereign risk and exposure to other public sector entities | |||
Maximum exposure limit, percentage | 32.00% | 25.00% | 24.00% |
Sovereign Risk | Standard & Poors, A Rating | |||
Sovereign risk and exposure to other public sector entities | |||
Maximum exposure limit, percentage | 26.00% | 25.00% | 18.00% |
Sovereign Risk | Standard & Poors BBB Rating | |||
Sovereign risk and exposure to other public sector entities | |||
Maximum exposure limit, percentage | 11.00% | 14.00% | 15.00% |
Sovereign Risk | Less than BBB | |||
Sovereign risk and exposure to other public sector entities | |||
Maximum exposure limit, percentage | 16.00% | 18.00% | 23.00% |
Sovereign Risk | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 13,780 | ||
Sovereign Risk | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 62,326 | ||
Sovereign Risk | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 42,914 | ||
Sovereign Risk | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Spain | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 19,557 | € 24,245 | |
Sovereign Risk | Spain | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 2,574 | ||
Sovereign Risk | Spain | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 2,805 | ||
Sovereign Risk | Spain | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 14,178 | ||
Sovereign Risk | Spain | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Portugal | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 6,544 | 8,730 | |
Sovereign Risk | Portugal | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | (20) | ||
Sovereign Risk | Portugal | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 2,287 | ||
Sovereign Risk | Portugal | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 4,277 | ||
Sovereign Risk | Portugal | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Italy | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 884 | 4,015 | |
Sovereign Risk | Italy | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | (73) | ||
Sovereign Risk | Italy | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 634 | ||
Sovereign Risk | Italy | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 323 | ||
Sovereign Risk | Italy | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Greece | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | 0 | |
Sovereign Risk | Greece | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Greece | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Greece | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Greece | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Ireland | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 9 | 0 | |
Sovereign Risk | Ireland | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Ireland | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Ireland | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 9 | ||
Sovereign Risk | Ireland | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Rest of eurozone | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 3,629 | 4,054 | |
Sovereign Risk | Rest of eurozone | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | (233) | ||
Sovereign Risk | Rest of eurozone | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,231 | ||
Sovereign Risk | Rest of eurozone | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 2,631 | ||
Sovereign Risk | Rest of eurozone | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | United Kingdom | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 366 | (97) | |
Sovereign Risk | United Kingdom | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | (538) | ||
Sovereign Risk | United Kingdom | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 676 | ||
Sovereign Risk | United Kingdom | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 228 | ||
Sovereign Risk | United Kingdom | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Poland | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 11,293 | 10,947 | |
Sovereign Risk | Poland | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | (15) | ||
Sovereign Risk | Poland | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 10,819 | ||
Sovereign Risk | Poland | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 489 | ||
Sovereign Risk | Poland | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Rest of Europe | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,368 | 1,070 | |
Sovereign Risk | Rest of Europe | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Rest of Europe | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 77 | ||
Sovereign Risk | Rest of Europe | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,291 | ||
Sovereign Risk | Rest of Europe | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | United States | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 22,469 | 15,548 | |
Sovereign Risk | United States | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,050 | ||
Sovereign Risk | United States | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 13,803 | ||
Sovereign Risk | United States | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 7,616 | ||
Sovereign Risk | United States | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Brazil | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 28,559 | 27,717 | |
Sovereign Risk | Brazil | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 8,733 | ||
Sovereign Risk | Brazil | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 16,432 | ||
Sovereign Risk | Brazil | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 3,394 | ||
Sovereign Risk | Brazil | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Mexico | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 13,509 | 21,029 | |
Sovereign Risk | Mexico | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 2,150 | ||
Sovereign Risk | Mexico | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 10,253 | ||
Sovereign Risk | Mexico | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,106 | ||
Sovereign Risk | Mexico | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Chile | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 6,071 | 6,955 | |
Sovereign Risk | Chile | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 56 | ||
Sovereign Risk | Chile | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,134 | ||
Sovereign Risk | Chile | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 4,881 | ||
Sovereign Risk | Chile | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Rest of America | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,425 | 958 | |
Sovereign Risk | Rest of America | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 94 | ||
Sovereign Risk | Rest of America | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 651 | ||
Sovereign Risk | Rest of America | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 680 | ||
Sovereign Risk | Rest of America | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 0 | ||
Sovereign Risk | Rest of the world | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 3,337 | € 4,752 | |
Sovereign Risk | Rest of the world | Financial assets held for trading and financial assets designated as FV with changes in results | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 2 | ||
Sovereign Risk | Rest of the world | Financial assets at fair value through other comprehensive income | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,524 | ||
Sovereign Risk | Rest of the world | Financial assets at amortized cost | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | 1,811 | ||
Sovereign Risk | Rest of the world | Non-trading financial assets mandatorily at fair value through profit or loss | |||
Sovereign risk and exposure to other public sector entities | |||
Risk exposure associated with instruments sharing characteristic | € 0 |
Risk management - Forborne loan
Risk management - Forborne loans (Details) € in Millions | 12 Months Ended |
Dec. 31, 2021EUR (€)transactions | |
Forborne Loan Portfolio | |
Forbearance portfolio | € 36,042 |
Percentage of forbearance portfolio increase | 24.00% |
Average coverage (as a percent) | 41.00% |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Performing loans, number of days past due criteria | 90 days |
Nonperforming | |
Forborne Loan Portfolio | |
Percentage of forbearance portfolio | 43.00% |
Forborne loan portfolio | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Financial assets with contractual cash flows modified during reporting period while loss allowance measured at lifetime expected credit losses, amortised cost before modification | € 2,480 |
Financial assets with modified contractual cash flows while loss allowance measured at lifetime expected credit losses for which loss allowance changed during reporting period to 12-month expected credit losses, gross carrying amount | € 1,868 |
Forborne loan portfolio | Credit risk | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Percentage of loans covered by specific allowance | 23.00% |
Forborne loan portfolio | Credit risk | Performing | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Credit exposure percentage | 57.00% |
Forborne loan portfolio | Credit risk | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Percentage of loans covered by specific allowance | 41.00% |
Forborne loan portfolio | Credit risk | Accumulated impairment | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € (8,261) |
Forborne loan portfolio | Credit risk | Accumulated impairment | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € (6,304) |
Forborne loan portfolio | Credit risk | Without collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 3,899,916 |
Forborne loan portfolio | Credit risk | Without collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 1,956,066 |
Forborne loan portfolio | Credit risk | Without collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 16,150 |
Forborne loan portfolio | Credit risk | Without collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 6,308 |
Forborne loan portfolio | Credit risk | Of which property collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 500,530 |
Percentage of loans secured | 46.00% |
Forborne loan portfolio | Credit risk | Of which property collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 194,982 |
Forborne loan portfolio | Credit risk | Of which property collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 19,893 |
Forborne loan portfolio | Credit risk | Of which property collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 9,231 |
Forborne loan portfolio | Credit risk | Real estate guarantee | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 11,684 |
Forborne loan portfolio | Credit risk | Real estate guarantee | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 6,005 |
Forborne loan portfolio | Credit risk | Rest of real guarantees | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 4,900 |
Forborne loan portfolio | Credit risk | Rest of real guarantees | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 865 |
Forborne loan portfolio | Credit risk | Credit entities | Accumulated impairment | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 0 |
Forborne loan portfolio | Credit risk | Credit entities | Accumulated impairment | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 0 |
Forborne loan portfolio | Credit risk | Credit entities | Without collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 0 |
Forborne loan portfolio | Credit risk | Credit entities | Without collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 0 |
Forborne loan portfolio | Credit risk | Credit entities | Without collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 0 |
Forborne loan portfolio | Credit risk | Credit entities | Without collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 0 |
Forborne loan portfolio | Credit risk | Credit entities | Of which property collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 0 |
Forborne loan portfolio | Credit risk | Credit entities | Of which property collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 0 |
Forborne loan portfolio | Credit risk | Credit entities | Of which property collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 0 |
Forborne loan portfolio | Credit risk | Credit entities | Of which property collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 0 |
Forborne loan portfolio | Credit risk | Credit entities | Real estate guarantee | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Credit risk | Credit entities | Real estate guarantee | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Credit risk | Credit entities | Rest of real guarantees | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Credit risk | Credit entities | Rest of real guarantees | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Credit risk | Public sector | Accumulated impairment | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | (4) |
Forborne loan portfolio | Credit risk | Public sector | Accumulated impairment | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € (4) |
Forborne loan portfolio | Credit risk | Public sector | Without collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 32 |
Forborne loan portfolio | Credit risk | Public sector | Without collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 7 |
Forborne loan portfolio | Credit risk | Public sector | Without collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 18 |
Forborne loan portfolio | Credit risk | Public sector | Without collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 1 |
Forborne loan portfolio | Credit risk | Public sector | Of which property collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 15 |
Forborne loan portfolio | Credit risk | Public sector | Of which property collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 14 |
Forborne loan portfolio | Credit risk | Public sector | Of which property collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 7 |
Forborne loan portfolio | Credit risk | Public sector | Of which property collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 5 |
Forborne loan portfolio | Credit risk | Public sector | Real estate guarantee | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 2 |
Forborne loan portfolio | Credit risk | Public sector | Real estate guarantee | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 2 |
Forborne loan portfolio | Credit risk | Public sector | Rest of real guarantees | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Credit risk | Public sector | Rest of real guarantees | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 0 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Accumulated impairment | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | (30) |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Accumulated impairment | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € (27) |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Without collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 1,002 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Without collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 421 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Without collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 93 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Without collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 51 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Of which property collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 720 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Of which property collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 528 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Of which property collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 200 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Of which property collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 67 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Real estate guarantee | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 102 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Real estate guarantee | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 54 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Rest of real guarantees | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 79 |
Forborne loan portfolio | Credit risk | Other financial institutions (financial business activity) | Rest of real guarantees | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 7 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Accumulated impairment | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | (4,367) |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Accumulated impairment | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € (3,891) |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Without collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 248,375 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Without collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 116,009 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Without collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 11,548 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Without collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 4,377 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Of which property collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 47,865 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Of which property collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 32,263 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Of which property collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 8,915 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Of which property collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 5,261 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Real estate guarantee | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 5,517 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Real estate guarantee | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 3,308 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Rest of real guarantees | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 1,206 |
Forborne loan portfolio | Credit risk | Non-financial corporations and individual entrepreneurs (non-financial business activity) | Rest of real guarantees | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 424 |
Forborne loan portfolio | Credit risk | Construction and property development | Accumulated impairment | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | (176) |
Forborne loan portfolio | Credit risk | Construction and property development | Accumulated impairment | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € (148) |
Forborne loan portfolio | Credit risk | Construction and property development | Without collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 8,576 |
Forborne loan portfolio | Credit risk | Construction and property development | Without collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 4,638 |
Forborne loan portfolio | Credit risk | Construction and property development | Without collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 113 |
Forborne loan portfolio | Credit risk | Construction and property development | Without collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 63 |
Forborne loan portfolio | Credit risk | Construction and property development | Of which property collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 1,321 |
Forborne loan portfolio | Credit risk | Construction and property development | Of which property collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 849 |
Forborne loan portfolio | Credit risk | Construction and property development | Of which property collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 550 |
Forborne loan portfolio | Credit risk | Construction and property development | Of which property collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 301 |
Forborne loan portfolio | Credit risk | Construction and property development | Real estate guarantee | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 390 |
Forborne loan portfolio | Credit risk | Construction and property development | Real estate guarantee | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 172 |
Forborne loan portfolio | Credit risk | Construction and property development | Rest of real guarantees | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 40 |
Forborne loan portfolio | Credit risk | Construction and property development | Rest of real guarantees | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 34 |
Forborne loan portfolio | Credit risk | Other warehouses | Accumulated impairment | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | (3,860) |
Forborne loan portfolio | Credit risk | Other warehouses | Accumulated impairment | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € (2,382) |
Forborne loan portfolio | Credit risk | Other warehouses | Without collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 3,650,507 |
Forborne loan portfolio | Credit risk | Other warehouses | Without collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 1,839,629 |
Forborne loan portfolio | Credit risk | Other warehouses | Without collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 4,491 |
Forborne loan portfolio | Credit risk | Other warehouses | Without collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 1,879 |
Forborne loan portfolio | Credit risk | Other warehouses | Of which property collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 451,930 |
Forborne loan portfolio | Credit risk | Other warehouses | Of which property collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 162,177 |
Forborne loan portfolio | Credit risk | Other warehouses | Of which property collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 10,771 |
Forborne loan portfolio | Credit risk | Other warehouses | Of which property collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 3,898 |
Forborne loan portfolio | Credit risk | Other warehouses | Real estate guarantee | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 6,063 |
Forborne loan portfolio | Credit risk | Other warehouses | Real estate guarantee | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 2,641 |
Forborne loan portfolio | Credit risk | Other warehouses | Rest of real guarantees | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 3,615 |
Forborne loan portfolio | Credit risk | Other warehouses | Rest of real guarantees | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 434 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Accumulated impairment | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Accumulated impairment | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Without collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Without collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Without collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Without collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Of which property collateral | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Of which property collateral | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Number of transactions (in loans) | transactions | 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Of which property collateral | Gross carrying amount | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | € 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Of which property collateral | Gross carrying amount | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Loans and receivables | 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Real estate guarantee | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Real estate guarantee | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Rest of real guarantees | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | 0 |
Non-current assets or disposal groups classified as held for sale | Credit risk | Rest of real guarantees | Nonperforming | |
CURRENT REFINANCING AND RESTRUCTURING BALANCES | |
Maximum amount of the actual collateral that can be considered | € 0 |
Risk management - Trading marke
Risk management - Trading market risk (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Balance sheet amount | ||||
Cash and cash equivalents | € 210,689 | € 153,839 | € 101,067 | € 113,663 |
Financial assets held for trading | 116,953 | 114,945 | 108,230 | |
Non-trading financial assets mandatorily at fair value through profit or loss | 5,536 | 4,486 | 4,911 | |
Financial assets designated at fair value through profit or loss | 15,957 | 48,717 | 62,069 | |
Financial assets designated at fair value through other comprehensive income | 108,038 | 120,953 | 125,708 | |
Financial assets at amortised cost | 1,037,898 | 958,378 | 995,482 | |
Hedging derivatives | 4,761 | 8,325 | 7,216 | |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 410 | 1,980 | 1,702 | |
Other assets | 8,595 | 11,070 | 10,138 | |
TOTAL ASSETS | 1,595,835 | 1,508,250 | 1,522,695 | |
Financial liabilities held for trading | 79,469 | 81,167 | 77,139 | |
Financial liabilities designated at fair value through profit or loss | 32,733 | 48,038 | 60,995 | |
Financial liabilities at amortized cost | 1,349,169 | 1,248,188 | 1,230,745 | |
Hedging derivatives | 5,463 | 6,869 | 6,048 | |
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 248 | 286 | 269 | |
Other liabilities | 12,698 | 12,336 | 12,792 | |
TOTAL LIABILITIES | 1,498,782 | 1,416,928 | 1,412,036 | |
TOTAL EQUITY | 97,053 | € 91,322 | € 110,659 | € 106,970 |
Market risk | ||||
Balance sheet amount | ||||
Cash and cash equivalents | 210,689 | |||
Financial assets held for trading | 116,953 | |||
Non-trading financial assets mandatorily at fair value through profit or loss | 5,536 | |||
Financial assets designated at fair value through profit or loss | 15,957 | |||
Financial assets designated at fair value through other comprehensive income | 108,038 | |||
Financial assets at amortised cost | 1,037,898 | |||
Hedging derivatives | 4,761 | |||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 410 | |||
Other assets | 95,593 | |||
TOTAL ASSETS | 1,595,835 | |||
Financial liabilities held for trading | 79,469 | |||
Financial liabilities designated at fair value through profit or loss | 32,733 | |||
Financial liabilities at amortized cost | 1,349,169 | |||
Hedging derivatives | 5,463 | |||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 248 | |||
Other liabilities | 31,700 | |||
TOTAL LIABILITIES | 1,498,782 | |||
TOTAL EQUITY | 97,053 | |||
Value At Risk Metric | ||||
Balance sheet amount | ||||
Financial assets held for trading | 116,953 | |||
Non-trading financial assets mandatorily at fair value through profit or loss | 4,042 | |||
Financial assets designated at fair value through profit or loss | 5,489 | |||
Financial assets designated at fair value through other comprehensive income | 2,453 | |||
Financial liabilities held for trading | 79,469 | |||
Financial liabilities designated at fair value through profit or loss | 390 | |||
Interest rate | ||||
Balance sheet amount | ||||
Cash and cash equivalents | 210,689 | |||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk | 410 | |||
Changes in the fair value of hedged items in portfolio hedges of interest rate risk, Liabilities | 248 | |||
Interest rate; credit spread | ||||
Balance sheet amount | ||||
Non-trading financial assets mandatorily at fair value through profit or loss | 1,494 | |||
Financial assets designated at fair value through profit or loss | 10,468 | |||
Financial assets designated at fair value through other comprehensive income | 105,585 | |||
Financial assets at amortised cost | 1,037,898 | |||
Financial liabilities designated at fair value through profit or loss | 32,343 | |||
Financial liabilities at amortized cost | 1,349,169 | |||
Interest and exchange rates | ||||
Balance sheet amount | ||||
Hedging derivatives | 4,761 | |||
Hedging derivatives | € 5,463 |
Risk management - Trading mar_2
Risk management - Trading market risk - VaR (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Main market risk metric | |||
Time horizon | 1 day | ||
Trading market risk | |||
Main market risk metric | |||
VaR confidence level, percent | 99.00% | ||
ES confidence level, percent | 97.50% | ||
VaR | € 12.3 | € 8.3 | € 10.3 |
Expected shortfall (ES) at 97.5% | 11.9 | ||
Increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability | € 4 | ||
VaE confidence level, percent | 99.00% | ||
Trading market risk | Europe | |||
Main market risk metric | |||
VaR | € 9.9 | 8 | 10.1 |
Expected shortfall (ES) at 97.5% | 9.7 | ||
Trading market risk | North America | |||
Main market risk metric | |||
VaR | 2.7 | 2.9 | 3.8 |
Expected shortfall (ES) at 97.5% | 2.8 | ||
Trading market risk | South America | |||
Main market risk metric | |||
VaR | 6.3 | 4.5 | 6 |
Expected shortfall (ES) at 97.5% | 6.4 | ||
Trading market risk | Minimum | |||
Main market risk metric | |||
VaR | 6.8 | ||
Trading market risk | Minimum | Europe | |||
Main market risk metric | |||
VaR | 6.1 | ||
Trading market risk | Minimum | North America | |||
Main market risk metric | |||
VaR | 1.6 | ||
Trading market risk | Minimum | South America | |||
Main market risk metric | |||
VaR | 3.3 | ||
Trading market risk | Average | |||
Main market risk metric | |||
VaR | 10.5 | 12.5 | 12.1 |
Increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability | (2) | ||
Trading market risk | Average | Europe | |||
Main market risk metric | |||
VaR | 9.3 | 10.5 | 6.3 |
Trading market risk | Average | North America | |||
Main market risk metric | |||
VaR | 2.5 | 6.6 | 3.5 |
Trading market risk | Average | South America | |||
Main market risk metric | |||
VaR | 5.9 | 5.6 | 9.5 |
Trading market risk | Maximum | |||
Main market risk metric | |||
VaR | 15.9 | ||
Trading market risk | Maximum | Europe | |||
Main market risk metric | |||
VaR | 16.1 | ||
Trading market risk | Maximum | North America | |||
Main market risk metric | |||
VaR | 7.4 | ||
Trading market risk | Maximum | South America | |||
Main market risk metric | |||
VaR | 10.5 | ||
Diversification effect | |||
Main market risk metric | |||
VaR | (13.4) | (11.8) | (9.8) |
Expected shortfall (ES) at 97.5% | (15) | ||
Diversification effect | Europe | |||
Main market risk metric | |||
VaR | (12.6) | (8.9) | (8.4) |
Expected shortfall (ES) at 97.5% | (13.1) | ||
Diversification effect | North America | |||
Main market risk metric | |||
VaR | (0.6) | (1) | (2.1) |
Expected shortfall (ES) at 97.5% | (0.5) | ||
Diversification effect | South America | |||
Main market risk metric | |||
VaR | (5.1) | (5.4) | (3.7) |
Expected shortfall (ES) at 97.5% | (3.8) | ||
Diversification effect | Minimum | |||
Main market risk metric | |||
VaR | (6.3) | ||
Diversification effect | Minimum | Europe | |||
Main market risk metric | |||
VaR | (5.2) | ||
Diversification effect | Minimum | North America | |||
Main market risk metric | |||
VaR | 0.2 | ||
Diversification effect | Minimum | South America | |||
Main market risk metric | |||
VaR | (1.2) | ||
Diversification effect | Average | |||
Main market risk metric | |||
VaR | (12.9) | (13) | (8.1) |
Diversification effect | Average | Europe | |||
Main market risk metric | |||
VaR | (9.3) | (10.7) | (6.9) |
Diversification effect | Average | North America | |||
Main market risk metric | |||
VaR | (0.7) | (2.2) | (1.3) |
Diversification effect | Average | South America | |||
Main market risk metric | |||
VaR | (4.9) | (3.8) | (2.9) |
Diversification effect | Maximum | |||
Main market risk metric | |||
VaR | (26.6) | ||
Diversification effect | Maximum | Europe | |||
Main market risk metric | |||
VaR | (16.9) | ||
Diversification effect | Maximum | North America | |||
Main market risk metric | |||
VaR | (2.9) | ||
Diversification effect | Maximum | South America | |||
Main market risk metric | |||
VaR | (16) | ||
Interest rate | |||
Main market risk metric | |||
VaR | 9.1 | 5.4 | 9.2 |
Expected shortfall (ES) at 97.5% | 9.4 | ||
Interest rate | Europe | |||
Main market risk metric | |||
VaR | 7.1 | 6.5 | 8.2 |
Expected shortfall (ES) at 97.5% | 6.7 | ||
Interest rate | North America | |||
Main market risk metric | |||
VaR | 2.7 | 3.3 | 3.4 |
Expected shortfall (ES) at 97.5% | 2.7 | ||
Interest rate | South America | |||
Main market risk metric | |||
VaR | 5.8 | 4.1 | 5.9 |
Expected shortfall (ES) at 97.5% | 6.3 | ||
Interest rate | Minimum | |||
Main market risk metric | |||
VaR | 6 | ||
Interest rate | Minimum | Europe | |||
Main market risk metric | |||
VaR | 5.3 | ||
Interest rate | Minimum | North America | |||
Main market risk metric | |||
VaR | 1.3 | ||
Interest rate | Minimum | South America | |||
Main market risk metric | |||
VaR | 3 | ||
Interest rate | Average | |||
Main market risk metric | |||
VaR | 9.6 | 9.2 | 10 |
Interest rate | Average | Europe | |||
Main market risk metric | |||
VaR | 7.7 | 7.9 | 6 |
Interest rate | Average | North America | |||
Main market risk metric | |||
VaR | 2.5 | 3.4 | 2.6 |
Interest rate | Average | South America | |||
Main market risk metric | |||
VaR | 5.5 | 5.2 | 7.8 |
Interest rate | Maximum | |||
Main market risk metric | |||
VaR | 15.3 | ||
Interest rate | Maximum | Europe | |||
Main market risk metric | |||
VaR | 11.7 | ||
Interest rate | Maximum | North America | |||
Main market risk metric | |||
VaR | 7 | ||
Interest rate | Maximum | South America | |||
Main market risk metric | |||
VaR | 12.2 | ||
Equities | |||
Main market risk metric | |||
VaR | 5.1 | 3.1 | 4.8 |
Expected shortfall (ES) at 97.5% | 5.1 | ||
Equities | Europe | |||
Main market risk metric | |||
VaR | 5.8 | 3 | 4.9 |
Expected shortfall (ES) at 97.5% | 5.2 | ||
Equities | North America | |||
Main market risk metric | |||
VaR | 0 | 0.1 | 0.1 |
Expected shortfall (ES) at 97.5% | 0 | ||
Equities | South America | |||
Main market risk metric | |||
VaR | 1.1 | 0.5 | 1.7 |
Expected shortfall (ES) at 97.5% | 1 | ||
Equities | Minimum | |||
Main market risk metric | |||
VaR | 2.2 | ||
Equities | Minimum | Europe | |||
Main market risk metric | |||
VaR | 1.8 | ||
Equities | Minimum | North America | |||
Main market risk metric | |||
VaR | 0 | ||
Equities | Minimum | South America | |||
Main market risk metric | |||
VaR | 0.4 | ||
Equities | Average | |||
Main market risk metric | |||
VaR | 3.5 | 4.4 | 2.9 |
Equities | Average | Europe | |||
Main market risk metric | |||
VaR | 3.3 | 4.3 | 1.9 |
Equities | Average | North America | |||
Main market risk metric | |||
VaR | 0.1 | 0.3 | 0.2 |
Equities | Average | South America | |||
Main market risk metric | |||
VaR | 1.2 | 1 | 2 |
Equities | Maximum | |||
Main market risk metric | |||
VaR | 7.7 | ||
Equities | Maximum | Europe | |||
Main market risk metric | |||
VaR | 8.3 | ||
Equities | Maximum | North America | |||
Main market risk metric | |||
VaR | 1.5 | ||
Equities | Maximum | South America | |||
Main market risk metric | |||
VaR | 3.2 | ||
Exchange rate | |||
Main market risk metric | |||
VaR | 5.7 | 6 | 2.6 |
Expected shortfall (ES) at 97.5% | 5.6 | ||
Exchange rate | Europe | |||
Main market risk metric | |||
VaR | 4.5 | 2.9 | 1.9 |
Expected shortfall (ES) at 97.5% | 4.9 | ||
Exchange rate | North America | |||
Main market risk metric | |||
VaR | 0.6 | 0.5 | 2.4 |
Expected shortfall (ES) at 97.5% | 0.6 | ||
Exchange rate | South America | |||
Main market risk metric | |||
VaR | 3.8 | 4.2 | 2.1 |
Expected shortfall (ES) at 97.5% | 2.1 | ||
Exchange rate | Minimum | |||
Main market risk metric | |||
VaR | 1.9 | ||
Exchange rate | Minimum | Europe | |||
Main market risk metric | |||
VaR | 1.6 | ||
Exchange rate | Minimum | North America | |||
Main market risk metric | |||
VaR | 0.1 | ||
Exchange rate | Minimum | South America | |||
Main market risk metric | |||
VaR | 0.7 | ||
Exchange rate | Average | |||
Main market risk metric | |||
VaR | 4.2 | 5.9 | 3.9 |
Exchange rate | Average | Europe | |||
Main market risk metric | |||
VaR | 2.8 | 3.5 | 1.9 |
Exchange rate | Average | North America | |||
Main market risk metric | |||
VaR | 0.6 | 5.1 | 2 |
Exchange rate | Average | South America | |||
Main market risk metric | |||
VaR | 2.8 | 2.7 | 2.6 |
Exchange rate | Maximum | |||
Main market risk metric | |||
VaR | 8 | ||
Exchange rate | Maximum | Europe | |||
Main market risk metric | |||
VaR | 5 | ||
Exchange rate | Maximum | North America | |||
Main market risk metric | |||
VaR | 1.8 | ||
Exchange rate | Maximum | South America | |||
Main market risk metric | |||
VaR | 7.6 | ||
Credit spread | |||
Main market risk metric | |||
VaR | 5.1 | 4.5 | 3.5 |
Expected shortfall (ES) at 97.5% | 6 | ||
Credit spread | Europe | |||
Main market risk metric | |||
VaR | 5.1 | 4.5 | 3.5 |
Expected shortfall (ES) at 97.5% | 6 | ||
Credit spread | Minimum | |||
Main market risk metric | |||
VaR | 2.6 | ||
Credit spread | Minimum | Europe | |||
Main market risk metric | |||
VaR | 2.6 | ||
Credit spread | Average | |||
Main market risk metric | |||
VaR | 4.8 | 5.5 | 3.4 |
Credit spread | Average | Europe | |||
Main market risk metric | |||
VaR | 4.8 | 5.5 | 3.4 |
Credit spread | Maximum | |||
Main market risk metric | |||
VaR | 8 | ||
Credit spread | Maximum | Europe | |||
Main market risk metric | |||
VaR | 8 | ||
Commodities | |||
Main market risk metric | |||
VaR | 0.7 | 1.1 | 0 |
Expected shortfall (ES) at 97.5% | 0.8 | ||
Commodities | Europe | |||
Main market risk metric | |||
VaR | 0 | 0 | 0 |
Expected shortfall (ES) at 97.5% | 0 | ||
Commodities | South America | |||
Main market risk metric | |||
VaR | 0.7 | 1.1 | 0 |
Expected shortfall (ES) at 97.5% | 0.8 | ||
Commodities | Minimum | |||
Main market risk metric | |||
VaR | 0.4 | ||
Commodities | Minimum | Europe | |||
Main market risk metric | |||
VaR | 0 | ||
Commodities | Minimum | South America | |||
Main market risk metric | |||
VaR | 0.4 | ||
Commodities | Average | |||
Main market risk metric | |||
VaR | 1.3 | 0.5 | 0 |
Commodities | Average | Europe | |||
Main market risk metric | |||
VaR | 0 | 0 | 0 |
Commodities | Average | South America | |||
Main market risk metric | |||
VaR | 1.3 | € 0.5 | € 0 |
Commodities | Maximum | |||
Main market risk metric | |||
VaR | 3.5 | ||
Commodities | Maximum | Europe | |||
Main market risk metric | |||
VaR | 0 | ||
Commodities | Maximum | South America | |||
Main market risk metric | |||
VaR | € 3.5 |
Risk management - Structural ma
Risk management - Structural market risk - Structural VaR (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Structural risks | |||
Main market risk metric | |||
VaR percentage | 99.00% | ||
Time horizon | 1 day | ||
Diversification effect | |||
Main market risk metric | |||
VaR | € (13.4) | € (11.8) | € (9.8) |
Diversification effect | Minimum | |||
Main market risk metric | |||
VaR | (6.3) | ||
Diversification effect | Average | |||
Main market risk metric | |||
VaR | (12.9) | (13) | (8.1) |
Diversification effect | Maximum | |||
Main market risk metric | |||
VaR | (26.6) | ||
Exchange rate | |||
Main market risk metric | |||
VaR | 5.7 | 6 | 2.6 |
Exchange rate | Minimum | |||
Main market risk metric | |||
VaR | 1.9 | ||
Exchange rate | Average | |||
Main market risk metric | |||
VaR | 4.2 | 5.9 | 3.9 |
Exchange rate | Maximum | |||
Main market risk metric | |||
VaR | 8 | ||
Equities | |||
Main market risk metric | |||
VaR | 5.1 | 3.1 | 4.8 |
Equities | Minimum | |||
Main market risk metric | |||
VaR | 2.2 | ||
Equities | Average | |||
Main market risk metric | |||
VaR | 3.5 | 4.4 | 2.9 |
Equities | Maximum | |||
Main market risk metric | |||
VaR | 7.7 | ||
Banking Book | Structural risks | |||
Main market risk metric | |||
VaR | 1,011.9 | 903.2 | 729.2 |
Banking Book | Structural risks | Minimum | |||
Main market risk metric | |||
VaR | 895.8 | ||
Banking Book | Structural risks | Average | |||
Main market risk metric | |||
VaR | 993.7 | 911.1 | 511.4 |
Banking Book | Structural risks | Maximum | |||
Main market risk metric | |||
VaR | 1,090.7 | ||
Banking Book | Diversification effect | |||
Main market risk metric | |||
VaR | (240.2) | (263.4) | (402) |
Banking Book | Diversification effect | Minimum | |||
Main market risk metric | |||
VaR | (158.8) | ||
Banking Book | Diversification effect | Average | |||
Main market risk metric | |||
VaR | (327.3) | (349.8) | (304.2) |
Banking Book | Diversification effect | Maximum | |||
Main market risk metric | |||
VaR | (431.4) | ||
Banking Book | Interest rate | |||
Main market risk metric | |||
VaR | 287.8 | 345.5 | 629.7 |
Banking Book | Interest rate | Minimum | |||
Main market risk metric | |||
VaR | 224.2 | ||
Banking Book | Interest rate | Average | |||
Main market risk metric | |||
VaR | 400.7 | 465.1 | 345.6 |
Banking Book | Interest rate | Maximum | |||
Main market risk metric | |||
VaR | 540.5 | ||
Banking Book | Exchange rate | |||
Main market risk metric | |||
VaR | 655.2 | 502.6 | 331.7 |
Banking Book | Exchange rate | Minimum | |||
Main market risk metric | |||
VaR | 521.3 | ||
Banking Book | Exchange rate | Average | |||
Main market risk metric | |||
VaR | 600.6 | 499.9 | 308.1 |
Banking Book | Exchange rate | Maximum | |||
Main market risk metric | |||
VaR | 655.2 | ||
Banking Book | Equities | |||
Main market risk metric | |||
VaR | 309.1 | 318.5 | 169.8 |
Banking Book | Equities | Minimum | |||
Main market risk metric | |||
VaR | 309.1 | ||
Banking Book | Equities | Average | |||
Main market risk metric | |||
VaR | 319.7 | € 295.9 | € 161.9 |
Banking Book | Equities | Maximum | |||
Main market risk metric | |||
VaR | € 326.4 |
Risk management - Structural in
Risk management - Structural interest rate risk (Details) - Interest rate € in Millions | Dec. 31, 2021EUR (€) |
Europe | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | € 3,684 |
Europe | Polish zloty | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 56 |
Europe | Pound sterling | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 1,056 |
Europe | US dollar | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 221 |
United States | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 152 |
Chile | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 271 |
Brazil | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 258 |
Sensitivity Analysis Variable One | Europe | Euro | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 703 |
Sensitivity Analysis Variable One | Europe | Polish zloty | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 541 |
Sensitivity Analysis Variable One | Europe | Pound sterling | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 65 |
Sensitivity Analysis Variable One | Europe | US dollar | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 54 |
Sensitivity Analysis Variable One | Chile | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | 86 |
Sensitivity Analysis Variable One | Brazil | |
Structural interest rate risk | |
Increase in profit due to reasonably possible increase in designated risk component | € 83 |
Risk management - Structural fo
Risk management - Structural foreign currency risk (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Exchange rate | |
Main market risk metric | |
Core capital ratio for foreign exchange rate risk | 100.00% |
Risk management - Structural eq
Risk management - Structural equity risk (Details) - Equities - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR | € 5.1 | € 3.1 | € 4.8 |
Equity instruments | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
VaR percentage | 99.00% | ||
Time horizon | 1 day | ||
VaR | € 325 | € 319 | € 170 |
Risk management - Liquidity ris
Risk management - Liquidity risk measurement (Details) | 12 Months Ended |
Dec. 31, 2021scenario | |
Liquidity risk | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Number of standard scenarios defined | 4 |
Risk management - High-quality
Risk management - High-quality liquid assets (Details) - Liquidity risk - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | € 297,300 | € 263,635 |
Cash, cash balances at central banks and other deposits on demand | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | 206,507 | 149,893 |
Marketable assets Level 1 | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | 81,925 | 104,270 |
Marketable assets Level 2A | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | 3,422 | 5,272 |
Marketable assets Level 2B | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | € 5,446 | € 4,200 |
Risk management - Liquidity cov
Risk management - Liquidity coverage ratio by component (Details) - Liquidity risk - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
High-quality liquid assets-HQLAs | € 297,300 | € 263,635 |
Total net cash outflows (denominator) | 181,953 | 157,368 |
Cash outflows | 233,294 | 204,813 |
Cash inflows | € 51,341 | € 47,445 |
LCR ratio (%) | 163.00% | 168.00% |
NSFR ratio (%) | 126.00% | 120.00% |
Risk management - Liquidity and
Risk management - Liquidity and funding risks, on and off balance sheet encumbrances (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2021EUR (€)numberOfRemunerationComponent | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | |
Encumbered assets and collateral received and matching liabilities | |||
Assets | € 1,595,835 | € 1,508,250 | € 1,522,695 |
Liquidity risk | |||
Encumbered assets and collateral received and matching liabilities | |||
Percent of total assets encumbered | 26.10% | 26.60% | |
Total assets encumbered | € 1,708,000 | ||
Liquidity risk | Of which property collateral | |||
Encumbered assets and collateral received and matching liabilities | |||
Matching liabilities, contingent liabilities or securities lent | 325,200 | ||
Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered | € 445,900 | ||
Number of categories of encumbered assets | numberOfRemunerationComponent | 2 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | € 365,100 | ||
Percent of total assets encumbered | 72.00% | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | Unmatured | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | € 39,500 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | Within 1 month | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 32,700 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | 1 to 3 months | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 8,200 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | 3 to 12 months | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 29,600 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | 1 to 2 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 106,800 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | 2 to 3 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 37,100 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | 3 to 5 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 80,100 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | 5 to 10 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 20,700 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | More than 10 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 10,400 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | Loans and advances | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 262,800 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | Equity instruments | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 8,400 | ||
Fair value of asset | 8,400 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | Debt securities | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 61,000 | ||
Fair value of asset | 61,100 | ||
Liquidity risk | On-balance-sheet assets | Of which property collateral | Other | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 32,900 | ||
Liquidity risk | On-balance-sheet assets | Without collateral | |||
Encumbered assets and collateral received and matching liabilities | |||
Fair value of asset | 1,230,700 | ||
Liquidity risk | On-balance-sheet assets | Without collateral | Loans and advances | |||
Encumbered assets and collateral received and matching liabilities | |||
Fair value of asset | 984,400 | ||
Liquidity risk | On-balance-sheet assets | Without collateral | Equity instruments | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 13,100 | ||
Fair value of asset | 13,100 | ||
Liquidity risk | On-balance-sheet assets | Without collateral | Debt securities | |||
Encumbered assets and collateral received and matching liabilities | |||
Assets | 102,800 | ||
Fair value of asset | 102,900 | ||
Liquidity risk | On-balance-sheet assets | Without collateral | Other | |||
Encumbered assets and collateral received and matching liabilities | |||
Fair value of asset | 130,300 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 80,800 | ||
Fair value of collateral received or own debt securities issued available for encumbrance | 31,500 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | Unmatured | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 24,200 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | Within 1 month | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 15,300 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | 1 to 3 months | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 12,800 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | 3 to 12 months | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 25,800 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | 1 to 2 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 1,900 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | 2 to 3 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 400 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | 3 to 5 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 400 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | 5 to 10 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 0 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | More than 10 years | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 0 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | Loans and advances | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 1,200 | ||
Fair value of collateral received or own debt securities issued available for encumbrance | 0 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | Equity instruments | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 5,400 | ||
Fair value of collateral received or own debt securities issued available for encumbrance | 7,000 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | Debt securities | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 74,200 | ||
Fair value of collateral received or own debt securities issued available for encumbrance | 24,500 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | Other collateral received | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 0 | ||
Fair value of collateral received or own debt securities issued available for encumbrance | 0 | ||
Liquidity risk | Off-balance-sheet assets | Of which property collateral | Own debt securities issued other than own covered bonds or ABSs | |||
Encumbered assets and collateral received and matching liabilities | |||
Guarantees received committed | 0 | ||
Fair value of collateral received or own debt securities issued available for encumbrance | € 600 |
Risk management - Capital risk
Risk management - Capital risk (Details) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
IFRS Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
CET1 phase-in percentage | 12.51% | 12.34% | 11.65% |
Tier 1 phase in capital ratio | 14.24% | 13.95% | 13.14% |
Total phase-in capital | 16.81% | 16.18% | 15.05% |
CET1 phased-in ratio | 12.51% | ||
Minimum | |||
IFRS Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
CET1 phase-in percentage | 8.85% | ||
Pillar 1 percentage | 4.50% | ||
Pillar 2 percentage | 0.84% | ||
Capital conservation buffer, percentage | 2.50% | ||
Globally Systemically Important Entity percentage | 1.00% | ||
Percentage of anti cyclical buffer on common equity Tier1 capital | 0.01% | ||
Tier 1 phase in capital ratio | 10.64% | ||
Total phase-in capital | 13.01% |
Risk management - Regulatory ca
Risk management - Regulatory capital (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Risk management | ||||
Subscribed capital | € 8,670 | € 8,670 | € 8,309 | € 8,118 |
Share premium account | 47,979 | 52,013 | 52,446 | |
Reserves | 56,606 | 62,777 | 56,526 | |
Treasury shares | (894) | (69) | (31) | |
Attributable profit | 8,124 | (8,771) | 6,515 | |
Approved dividends | (836) | 0 | (1,662) | |
Total equity attributable to owners of parent | 119,649 | 114,620 | 122,103 | |
Valuation adjustments | (32,719) | (33,144) | (22,032) | |
Non-controlling interests | 10,123 | 9,846 | 10,588 | |
TOTAL EQUITY | 97,053 | 91,322 | 110,659 | € 106,970 |
Goodwill and intangible assets | (16,132) | (15,711) | (28,478) | |
Eligible preference shares and preferred securities | 10,050 | 9,102 | 9,039 | |
Accrued dividend | (895) | (478) | (1,761) | |
Other adjustments | (7,624) | (5,734) | (9,923) | |
Tier I (Phase-in) | € 82,452 | € 78,501 | € 79,536 | |
Ordinary profit assumption (in percentage) | 20.00% |
Risk management - Regulatory _2
Risk management - Regulatory capital phase-in coefficients (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Risk management | |||
Level 1 ordinary eligible capital (millions of euros) | € 72,402 | € 69,399 | € 70,497 |
Level 1 additional eligible capital (millions of euros) | 10,050 | 9,102 | 9,039 |
Level 2 eligible capital (millions of euros) | 14,865 | 12,514 | 11,531 |
Risks (millions of euros) | € 578,930 | € 562,580 | € 605,244 |
Level 1 ordinary capital coefficient (CET 1) (as a percent) | 12.51% | 12.34% | 11.65% |
Level 1 additional capital coefficient (AT1) (as a percent) | 1.73% | 1.61% | 1.49% |
Level 1 phase in capital ratio (as a percent) | 14.24% | 13.95% | 13.14% |
Level 2 capital coefficient (TIER 2) (as a percent) | 2.57% | 2.23% | 1.91% |
Total capital coefficient (as a percent) | 16.81% | 16.18% | 15.05% |
Risk management - Regulatory _3
Risk management - Regulatory capital alternative standard (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Eligible Capital | ||||
Common Equity Tier 1 | € 72,402 | € 69,399 | € 70,497 | |
CAPITAL | 8,670 | 8,670 | 8,309 | € 8,118 |
(-) Treasury shares and own shares financed | (966) | (126) | (63) | |
Share premium | 47,979 | 52,013 | 52,446 | |
Reserves | 58,157 | 64,766 | 57,368 | |
Other retained earnings | (34,784) | (34,937) | (22,933) | |
Minority interests | 6,736 | 6,669 | 6,441 | |
Profit net of dividends | 6,394 | (9,249) | 3,092 | |
Deductions | (19,784) | (18,407) | (34,163) | |
Goodwill and intangible assets | (16,064) | (15,711) | (28,478) | |
Others | (3,720) | (2,696) | (5,685) | |
Additional Tier I | 10,050 | 9,102 | 9,039 | |
Eligible instruments AT1 | 10,102 | 8,854 | 9,209 | |
T1 excesses - subsidiaries | (52) | 248 | (170) | |
Residual value of intangibles | 0 | 0 | 0 | |
Deductions | 0 | 0 | 0 | |
Tier II | 14,865 | 12,514 | 11,531 | |
Eligible instruments AT2 | 15,424 | 13,351 | 12,360 | |
Gen. Funds and surplus loans loss prov. IRB | 75 | 0 | 0 | |
T2 excesses - subsidiaries | (634) | (837) | (829) | |
Deductions | 0 | 0 | 0 | |
TOTAL ELIGIBLE CAPITAL | € 97,317 | € 91,015 | € 91,067 |
Risk management - Regulatory _4
Risk management - Regulatory capital other information (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2021EUR (€)numberOfRemunerationComponentassociates_JointVenturesOrCompanies | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | |
IFRS Leverage Ratios [Abstract] | |||
Level 1 Capital (millions of euros) | € 82,452 | € 78,501 | € 79,536 |
Exposure (millions of euros) | € 1,536,516 | € 1,471,480 | € 1,544,614 |
Leverage Ratio (as a percent) | 5.37% | 5.33% | 5.15% |
Global systemically important banks | |||
Number of global systemically important banks (G-SIBs) | associates_JointVenturesOrCompanies | 30 | ||
Number of criteria determining designation as global systemically important bank | numberOfRemunerationComponent | 5 | ||
Capital buffer percentage | (1.00%) |
Additional disclosures - Parent
Additional disclosures - Parent-Only Balance Sheets (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
ASSETS | ||||
Cash equivalents at central banks | € 193,102 | € 137,047 | € 75,353 | |
Financial assets held for trading | 116,953 | 114,945 | 108,230 | |
Premises and equipment, net | 32,342 | 31,772 | 34,262 | |
Other assets | 8,595 | 11,070 | 10,138 | |
TOTAL ASSETS | 1,595,835 | 1,508,250 | 1,522,695 | |
LIABILITIES | ||||
Other liabilities | 12,698 | 12,336 | 12,792 | |
TOTAL LIABILITIES | 1,498,782 | 1,416,928 | 1,412,036 | |
EQUITY | ||||
Share capital | 8,670 | 8,670 | 8,309 | € 8,118 |
TOTAL EQUITY | 97,053 | 91,322 | 110,659 | € 106,970 |
TOTAL LIABILITIES AND EQUITY | 1,595,835 | 1,508,250 | 1,522,695 | |
Banco Santander, S.A. | Reportable Legal Entities | ||||
ASSETS | ||||
Cash equivalents at central banks | 138,388 | 112,114 | 85,922 | |
Financial assets held for trading | 77,988 | 81,433 | 86,583 | |
Investment securities | 29,949 | 29,477 | 44,020 | |
Loans and receivables | 301,342 | 295,739 | 276,330 | |
Investments | 88,549 | 84,890 | 87,330 | |
Premises and equipment, net | 6,515 | 6,680 | 7,131 | |
Other assets | 15,219 | 19,036 | 22,600 | |
TOTAL ASSETS | 657,950 | 629,369 | 609,916 | |
LIABILITIES | ||||
Deposits | 394,160 | 383,135 | 345,975 | |
Short-term debt | 19,181 | 14,513 | 20,547 | |
Long-term debt | 99,650 | 83,981 | 83,906 | |
Total borrowings | 118,831 | 98,494 | 104,453 | |
Other liabilities | 78,386 | 82,803 | 89,265 | |
TOTAL LIABILITIES | 591,377 | 564,432 | 539,693 | |
EQUITY | ||||
Share capital | 8,670 | 8,670 | 8,309 | |
Retained earnings and other reserves | 57,903 | 56,267 | 61,914 | |
TOTAL EQUITY | 66,573 | 64,937 | 70,223 | |
TOTAL LIABILITIES AND EQUITY | 657,950 | 629,369 | 609,916 | |
Banco Santander, S.A. | Reportable Legal Entities | Bank Subsidiaries | ||||
ASSETS | ||||
Cash equivalents at central banks | 15,459 | 14,519 | 13,875 | |
Investment securities | 12,137 | 13,603 | 9,504 | |
Investments | 67,735 | 60,186 | 59,364 | |
LIABILITIES | ||||
Deposits | 18,114 | 17,045 | 14,705 | |
Total borrowings | 221 | 617 | 0 | |
Banco Santander, S.A. | Reportable Legal Entities | Non-Bank Subsidiaries | ||||
ASSETS | ||||
Investment securities | 2,087 | 3,399 | 3,450 | |
Loans and receivables | 31,296 | 27,555 | 28,690 | |
Investments | 20,814 | 24,703 | 27,966 | |
LIABILITIES | ||||
Deposits | 18,594 | 19,949 | 15,518 | |
Total borrowings | € 649 | € 661 | € 1,667 |
Additional disclosures - Pare_2
Additional disclosures - Parent-Only Income Statements (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Condensed Income Statements, Captions [Line Items] | |||
Interest income | € 46,463 | € 45,741 | € 56,785 |
Dividend income | 513 | 391 | 533 |
Interest expense | (13,093) | (13,747) | (21,502) |
Non-interest income | 2,255 | 1,920 | 1,797 |
Non-interest expense | (2,442) | (2,342) | (2,138) |
Operating profit/(loss) before tax | 14,547 | (2,076) | 12,543 |
Tax expense or income from continuing operations | (4,894) | (5,632) | (4,427) |
Profit/(loss) for the year | 9,653 | (7,708) | 8,116 |
Banco Santander, S.A. | Reportable Legal Entities | |||
Condensed Income Statements, Captions [Line Items] | |||
Interest income | 11,893 | 12,169 | 13,968 |
Dividend income | 5,072 | 5,316 | 5,959 |
Interest expense | (2,785) | (3,160) | (4,108) |
Interest income/(Charges) | 9,108 | 9,009 | 9,860 |
Provision for credit losses | (2,287) | (2,558) | (1,246) |
Interest income/ (Charges) after provision for credit losses | 6,821 | 6,451 | 8,614 |
Non-interest income | 4,092 | 5,322 | 4,132 |
Non-interest expense | (7,049) | (14,020) | (9,168) |
Operating profit/(loss) before tax | 3,864 | (2,247) | 3,578 |
Tax expense or income from continuing operations | 68 | (1,310) | (48) |
Profit/(loss) for the year | 3,932 | (3,557) | 3,530 |
Banco Santander, S.A. | Reportable Legal Entities | Earning Assets | |||
Condensed Income Statements, Captions [Line Items] | |||
Interest income | 6,821 | 6,853 | 8,009 |
Banco Santander, S.A. | Reportable Legal Entities | Bank Subsidiaries | |||
Condensed Income Statements, Captions [Line Items] | |||
Dividend income | 4,075 | 1,810 | 3,019 |
Banco Santander, S.A. | Reportable Legal Entities | Non-Bank Subsidiaries | |||
Condensed Income Statements, Captions [Line Items] | |||
Dividend income | € 997 | € 3,506 | € 2,940 |
Additional disclosures - Pare_3
Additional disclosures - Parent-Only Comprehensive Income Statements (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Condensed Statement of Income Captions [Line Items] | |||
CONSOLIDATED PROFIT/(LOSS) FOR THE YEAR | € 9,653 | € (7,708) | € 8,116 |
OTHER RECOGNISED INCOME AND EXPENSE | (220) | (9,794) | 267 |
Items that may be reclassified subsequently to profit or loss | (974) | (8,776) | 1,618 |
Hedging instruments (items not designated) | 0 | 0 | 0 |
Revaluation gains (losses) | 0 | 0 | 0 |
Amounts transferred to income statement | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Debt instruments at fair value with changes in other comprehensive income | (3,250) | (100) | 2,414 |
Revaluation gains (losses) | (3,063) | 692 | 2,588 |
Amounts transferred to income statement | (545) | (1,165) | (792) |
Other reclassifications | 358 | 373 | 618 |
Cash flow hedges (effective portion) | (938) | (53) | 8 |
Revaluation gains (losses) | (1,739) | 799 | (1,104) |
Amounts transferred to income statement | 801 | (852) | 1,112 |
Other reclassifications | 0 | 0 | 0 |
Hedges of net investments in foreign operations (effective portion) | (1,159) | 2,340 | (1,151) |
Exchange differences | 3,082 | (11,040) | 1,232 |
Non-current assets held for sale | 0 | 0 | 0 |
Income tax | 1,272 | 228 | (870) |
Other comprehensive income that will not be reclassified to profit or loss, net of tax | 754 | (1,018) | (1,351) |
Actuarial gains and losses on defined benefit pension plans | 1,567 | (25) | (1,677) |
Other recognised income and expense of investments in subsidiaries, joint ventures and associates | (1) | (4) | 1 |
Income tax relating to items that will not be reclassified | (542) | (103) | 510 |
Total recognised income and expenses for the year | 9,433 | (17,502) | 8,383 |
Banco Santander, S.A. | Reportable Legal Entities | |||
Condensed Statement of Income Captions [Line Items] | |||
CONSOLIDATED PROFIT/(LOSS) FOR THE YEAR | 3,932 | (3,557) | 3,530 |
OTHER RECOGNISED INCOME AND EXPENSE | (662) | (1,221) | 119 |
Items that may be reclassified subsequently to profit or loss | (265) | (363) | 421 |
Hedging instruments (items not designated) | 0 | 0 | 0 |
Revaluation gains (losses) | 0 | 0 | 0 |
Amounts transferred to income statement | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Debt instruments at fair value with changes in other comprehensive income | (524) | (316) | 723 |
Revaluation gains (losses) | (243) | 244 | 697 |
Amounts transferred to income statement | (281) | (560) | (592) |
Other reclassifications | 0 | 0 | 618 |
Cash flow hedges (effective portion) | 146 | (206) | (117) |
Revaluation gains (losses) | 153 | (239) | (205) |
Amounts transferred to income statement | (7) | 33 | 88 |
Amounts transferred to initial carrying amount of hedged items | 0 | 0 | 0 |
Other reclassifications | 0 | 0 | 0 |
Hedges of net investments in foreign operations (effective portion) | 0 | 0 | 0 |
Exchange differences | 0 | 0 | 0 |
Non-current assets held for sale | 0 | 0 | 0 |
Income tax | 113 | 159 | (185) |
Other comprehensive income that will not be reclassified to profit or loss, net of tax | (397) | (858) | (302) |
Actuarial gains and losses on defined benefit pension plans | 29 | (77) | (327) |
Other recognised income and expense of investments in subsidiaries, joint ventures and associates | 0 | 0 | 0 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income | (347) | (796) | (135) |
Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net | 0 | 0 | 0 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item) | 117 | 4 | 44 |
Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument) | (117) | (4) | (44) |
Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk | (93) | 4 | 2 |
Income tax relating to items that will not be reclassified | 14 | 11 | 158 |
Total recognised income and expenses for the year | € 3,270 | € (4,778) | € 3,649 |
Additional disclosures - Pare_4
Additional disclosures - Parent-Only Cash Flow Statements (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Condensed Cash Flow Statements, Captions [Line Items] | |||
Profit (loss) | € 9,653 | € (7,708) | € 8,116 |
Adjustments to profit | 21,363 | 37,836 | 23,990 |
Net increase/(decrease) in operating assets | (27,258) | (51,385) | (64,593) |
Increase (decrease) in operating liabilities | 56,945 | 90,356 | 38,469 |
Income tax recovered/(paid) | (4,012) | (2,946) | (2,593) |
CASH FLOWS FROM OPERATING ACTIVITIES | 56,691 | 66,153 | 3,389 |
Investments (-) | (11,669) | (11,976) | (14,289) |
Divestments (+) | 7,954 | 4,756 | 7,060 |
CASH FLOWS FROM INVESTING ACTIVITIES | (3,715) | (7,220) | (7,229) |
Issuance of own equity instruments | 0 | 0 | 0 |
Disposal of own equity instruments | 854 | 721 | 947 |
Payments for acquisition of own equity instrument | (1,645) | (758) | (928) |
Dividends paid | (1,313) | 0 | (3,773) |
Issuance/redemption of equity instruments | 0 | 0 | 0 |
Other payments related to financing activities | (2,099) | (2,440) | (2,335) |
CASH FLOWS FROM FINANCING ACTIVITIES | (1,322) | (1,909) | (10,122) |
EFFECT OF FOREIGN EXCHANGE RATE CHANGES | 5,196 | (4,252) | 1,366 |
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 56,850 | 52,772 | (12,596) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR | 153,839 | 101,067 | 113,663 |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | 210,689 | 153,839 | 101,067 |
Banco Santander, S.A. | Reportable Legal Entities | |||
Condensed Cash Flow Statements, Captions [Line Items] | |||
Profit (loss) | 3,932 | (3,557) | 3,530 |
Adjustments to profit | 2,052 | 12,938 | 2,206 |
Net increase/(decrease) in operating assets | (9,622) | 7,513 | (13,370) |
Increase (decrease) in operating liabilities | 24,024 | 21,199 | 45 |
Income tax recovered/(paid) | (352) | (251) | 743 |
CASH FLOWS FROM OPERATING ACTIVITIES | 20,034 | 37,842 | (6,846) |
Investments (-) | (2,266) | (8,001) | (7,094) |
Divestments (+) | 6,349 | 4,738 | 1,952 |
CASH FLOWS FROM INVESTING ACTIVITIES | 4,083 | (3,263) | (5,142) |
Issuance of own equity instruments | 0 | 0 | 0 |
Disposal of own equity instruments | 605 | 615 | 829 |
Payments for acquisition of own equity instrument | (1,446) | (615) | (829) |
Issuance of debt securities | 4,440 | 3,722 | 1,056 |
Redemption of debt securities | (2,248) | (2,348) | (4,578) |
Dividends paid | (1,313) | 0 | (3,773) |
Other payments related to financing activities | (315) | (287) | (382) |
CASH FLOWS FROM FINANCING ACTIVITIES | (277) | 1,087 | (7,677) |
EFFECT OF FOREIGN EXCHANGE RATE CHANGES | 336 | (576) | 205 |
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 24,175 | 35,090 | (19,460) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR | 67,561 | 32,471 | 51,931 |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | € 91,736 | € 67,561 | € 32,471 |
Additional disclosures - Prefer
Additional disclosures - Preference Shares and Preferred Securities (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | € 26,196 | € 21,880 | € 21,062 | € 23,820 |
FINANCIAL LIABILITIES AT AMORTIZED COST | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | 26,196 | 21,880 | 21,062 | |
Subordinated liabilities | FINANCIAL LIABILITIES AT AMORTIZED COST | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | 8,810 | 7,621 | 8,030 | |
Preference Shares | FINANCIAL LIABILITIES AT AMORTIZED COST | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | 209 | 196 | 321 | |
Preferred Securities | FINANCIAL LIABILITIES AT AMORTIZED COST | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Outstanding issue amount | € 8,601 | € 7,425 | € 7,709 |
Additional disclosures - Pref_2
Additional disclosures - Preference Shares and Securities Detail (Details) € in Millions, £ in Millions, $ in Millions | Sep. 21, 2021 | May 12, 2021 | Jan. 14, 2020 | Sep. 29, 2017 | Dec. 31, 2021EUR (€) | Dec. 31, 2021USD ($) | Dec. 31, 2021GBP (£) | Sep. 11, 2021EUR (€) | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) |
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | € 26,196 | € 21,880 | € 21,062 | € 23,820 | |||||||
Interest rate (as a percent) | 4.375% | ||||||||||
Initial interest rate term | 6 years | ||||||||||
Adjustment to reference rate, after initial interest rate period | 4.534% | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Interest rate reprice term | 5 years | ||||||||||
Issuance by Santander UK plc in October 2005 | Preference Shares | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | £ | £ 80.3 | ||||||||||
Issuance by Santander UK plc in October 2005 | Fixed interest rate | Preference Shares | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 10.375% | 10.375% | 10.375% | ||||||||
Issuance by Santander UK plc in February 1996 | Preference Shares | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | £ | £ 80.3 | ||||||||||
Issuance by Santander UK plc in February 1996 | Fixed interest rate | Preference Shares | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 10.375% | 10.375% | 10.375% | ||||||||
Issuance by Banco Santander S.A. in April 2017 | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 6.75% | 6.75% | 6.75% | ||||||||
Initial interest rate term | 5 years | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in April 2017 | Fixed interest rate | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | € 750 | ||||||||||
Interest rate (as a percent) | 6.75% | 6.75% | 6.75% | ||||||||
Issuance by Banco Santander S.A. in April 2017 | 5-Year Mid-Swap Rate (Euro) | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Adjustment to reference rate, after initial interest rate period | 6.803% | 6.803% | 6.803% | ||||||||
Issuance by Banco Santander S.A. in September 2017 | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 5.25% | ||||||||||
Initial interest rate term | 6 years | ||||||||||
Adjustment to reference rate, after initial interest rate period | 4.999% | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in September 2017 | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 5.25% | 5.25% | 5.25% | ||||||||
Initial interest rate term | 6 years | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in September 2017 | Fixed interest rate | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | € 1,000 | ||||||||||
Interest rate (as a percent) | 5.25% | 5.25% | 5.25% | ||||||||
Issuance by Banco Santander S.A. in September 2017 | 5-Year Mid-Swap Rate (Euro) | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Adjustment to reference rate, after initial interest rate period | 4.999% | 4.999% | 4.999% | ||||||||
Issuance by Banco Santander S.A. in September 2017 | 5-Year Mid-Swap Rate (US Dollar) | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Adjustment to reference rate, after initial interest rate period | 4.989% | 4.989% | 4.989% | ||||||||
Issuance by Banco Santander S.A. in March 2018 | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | € 1,500 | ||||||||||
Issuance by Banco Santander S.A. in March 2018 | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 4.75% | 4.75% | 4.75% | ||||||||
Initial interest rate term | 7 years | ||||||||||
Issuance by Banco Santander S.A. in March 2018 | Fixed interest rate | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | € 1,500 | ||||||||||
Interest rate (as a percent) | 4.75% | 4.75% | 4.75% | ||||||||
Issuance by Banco Santander S.A. in March 2018 | 5-Year Mid-Swap Rate (Euro) | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Adjustment to reference rate, after initial interest rate period | 4.097% | 4.097% | 4.097% | ||||||||
Issuance by Banco Santander S.A. in February 2019 | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 7.50% | 7.50% | 7.50% | ||||||||
Initial interest rate term | 5 years | ||||||||||
Interest rate reprice term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in February 2019 | Fixed interest rate | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | $ | $ 1,200 | ||||||||||
Interest rate (as a percent) | 7.50% | 7.50% | 7.50% | ||||||||
Issuance by Banco Santander S.A. in January 2020 | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 4.375% | 4.375% | 4.375% | ||||||||
Initial interest rate term | 6 years | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Interest rate reprice term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in January 2020 | Fixed interest rate | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | € 1,500 | ||||||||||
Interest rate (as a percent) | 4.375% | 4.375% | 4.375% | ||||||||
Issuance by Banco Santander S.A. in January 2020 | 5-Year Mid-Swap Rate (Euro) | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Adjustment to reference rate, after initial interest rate period | 4.534% | 4.534% | 4.534% | ||||||||
Issuance by Banco Santander S.A. in May 2021, series in Dollars | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 4.75% | ||||||||||
Initial interest rate term | 6 years | ||||||||||
Adjustment to reference rate, after initial interest rate period | 3.753% | ||||||||||
Interest rate reprice term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in May 2021, series in Dollars | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 4.75% | 4.75% | 4.75% | ||||||||
Initial interest rate term | 6 years | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Interest rate reprice term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in May 2021, series in Dollars | Fixed interest rate | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | $ | $ 1,000 | ||||||||||
Interest rate (as a percent) | 4.75% | 4.75% | 4.75% | ||||||||
Issuance by Banco Santander S.A. in May 2021, series in Dollars | 5-Year UST Rate (US Dollar) | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Adjustment to reference rate, after initial interest rate period | 3.753% | 3.753% | 3.753% | ||||||||
Issuance by Banco Santander S.A. in May 2021, series in Euros | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 4.125% | ||||||||||
Initial interest rate term | 7 years | ||||||||||
Adjustment to reference rate, after initial interest rate period | 4.311% | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Interest rate reprice term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in May 2021, series in Euros | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 4.125% | 4.125% | 4.125% | ||||||||
Initial interest rate term | 7 years | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Interest rate reprice term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in May 2021, series in Euros | Fixed interest rate | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | € 750 | ||||||||||
Interest rate (as a percent) | 4.125% | 4.125% | 4.125% | ||||||||
Issuance by Banco Santander S.A. in May 2021, series in Euros | 5-Year Mid-Swap Rate (Euro) | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Adjustment to reference rate, after initial interest rate period | 4.311% | 4.311% | 4.311% | ||||||||
Issuance by Banco Santander S.A. in September 2021 | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 3.625% | ||||||||||
Initial interest rate term | 8 years | ||||||||||
Adjustment to reference rate, after initial interest rate period | 3.76% | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Interest rate reprice term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in September 2021 | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Interest rate (as a percent) | 3.625% | 3.625% | 3.625% | ||||||||
Initial interest rate term | 8 years | ||||||||||
Mid-swap rate term | 5 years | ||||||||||
Interest rate reprice term | 5 years | ||||||||||
Issuance by Banco Santander S.A. in September 2021 | Fixed interest rate | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | € 1,000 | ||||||||||
Interest rate (as a percent) | 3.625% | 3.625% | 3.625% | ||||||||
Issuance by Banco Santander S.A. in September 2021 | 5-Year Mid-Swap Rate (Euro) | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Adjustment to reference rate, after initial interest rate period | 3.76% | 3.76% | 3.76% | ||||||||
Issuance by Santander Finance Preferred S.A. in September 2004 | CMS10 | Preferred Securities | |||||||||||
Disclosure of detailed information about financial instruments [line items] | |||||||||||
Outstanding issue amount | € 144 | ||||||||||
Interest rate (as a percent) | 8.00% | 8.00% | 8.00% | ||||||||
Variable interest rate (as a percent) | 0.05% | 0.05% | 0.05% |
Uncategorized Items - san-20211
Label | Element | Value |
Financial Assets And Liabilities Category [Member] | Derivatives Designated As Hedging Instruments Category [Member] | Swap contract [member] | Level 3 of fair value hierarchy [member] | ||
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | € 0 |
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 0 |
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 0 |
Financial Assets And Liabilities Category [Member] | Derivatives Designated As Hedging Instruments Category [Member] | Swap contract [member] | Level 2 of fair value hierarchy [member] | ||
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 4,149,000,000 |
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 5,821,000,000 |
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 4,737,000,000 |
Financial Assets And Liabilities Category [Member] | Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [member] | Swap contract [member] | Level 3 of fair value hierarchy [member] | ||
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 81,000,000 |
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 115,000,000 |
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 44,000,000 |
Financial Assets And Liabilities Category [Member] | Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [member] | Swap contract [member] | Level 2 of fair value hierarchy [member] | ||
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 42,438,000,000 |
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | 51,584,000,000 |
Financial liabilities, at fair value | ifrs-full_FinancialLiabilitiesAtFairValue | € 49,927,000,000 |