3Q25 Report Group Balance Activity - Accionistas e Inversiones en Bolsa, Analistas de Mercados y Financieros

Balance sheet and business activity

During the first nine months of 2025, loans and advances to customers increased by 5.7%, driven by the dynamism of the wholesale segment. Of particular note within this segment was the higher volume of loans to business, which grew by 5.9% at the Group level. Loans to individuals increased by 4.2%, with consumer and mortgage loans showing greater dynamism (8.9% and 2.9%, respectively).

Customer funds grew by 7.4% in the first nine months of the year, driven not only by mutual funds and managed portfolios, which grew by 13.2%, but also by deposits from customers, which increased by 5.3% at Group level, driven largely by time deposits (+12.6%).

CONSOLIDATED BALANCE SHEET (MILLIONS OF EUROS)

	30-09-25	𝚫 %	31-12-24	30-09-24
Cash, cash balances at central banks and other demand deposits	57,125	11.7	51,145	58,588
Financial assets held for trading	111,037	1.9	108,948	127,551
Non-trading financial assets mandatorily at fair value through profit or loss	10,845	2.8	10,546	9,560
Financial assets designated at fair value through profit or loss	942	12.7	836	869
Financial assets at fair value through accumulated other comprehensive income	59,562	0.9	59,002	59,961
Financial assets at amortized cost	536,003	6.7	502,400	475,861
Loans and advances to central banks and credit institutions	32,815	6.2	30,909	31,615
Loans and advances to customers	436,165	5.7	412,477	386,731
Debt securities	67,023	13.6	59,014	57,515
Investments in joint ventures and associates	1,006	1.7	989	973
Tangible assets	9,253	(5.2)	9,759	9,351
Intangible assets	2,667	7.1	2,490	2,322
Other assets	24,622	(6.3)	26,287	24,304
Total assets	813,063	5.3	772,402	769,341
Financial liabilities held for trading	86,758	0.2	86,591	98,313
Other financial liabilities designated at fair value through profit or loss	17,273	15.5	14,952	14,443
Financial liabilities at amortized cost	617,649	5.7	584,339	571,381
Deposits from central banks and credit institutions	49,176	0.2	49,074	48,547
Deposits from customers	471,364	5.3	447,646	437,834
Debt certificates	77,428	10.8	69,867	67,325
Other financial liabilities	19,681	10.9	17,753	17,676
Liabilities under insurance and reinsurance contracts	12,303	12.0	10,981	10,970
Other liabilities	17,271	11.2	15,525	17,461
Total liabilities	751,253	5.5	712,388	712,568
Non-controlling interests	4,165	(4.5)	4,359	3,883
Accumulated other comprehensive income	(18,674)	8.4	(17,220)	(17,647)
Shareholders’ funds	76,319	4.7	72,875	70,536
Total equity	61,809	3.0	60,014	56,772
Total liabilities and equity	813,063	5.3	772,402	769,341
Memorandum item:
Guarantees given	68,531	6.7	64,257	63,571

LOANS AND ADVANCES TO CUSTOMERS (MILLIONS OF EUROS)

	30-09-25	𝚫 %	31-12-24	30-09-24
Public sector	26,350	19.2	22,108	21,823
Individuals	185,250	4.2	177,751	169,967
Mortgages	97,281	2.9	94,577	92,707
Consumer	49,625	8.9	45,562	43,211
Credit cards	26,756	2.6	26,067	22,779
Other loans	11,588	0.4	11,544	11,269
Business	222,487	5.9	210,017	191,511
Non-performing loans	13,813	(2.8)	14,211	14,590
Loans and advances to customers (gross)	447,901	5.6	424,087	397,891
Allowances ⁽¹⁾	(11,736)	1.1	(11,611)	(11,160)
Loans and advances to customers	436,165	5.7	412,477	386,731
⁽¹⁾ Allowances include valuation adjustments for credit risk throughout the expected residual life in those financial instruments that have been acquired (mainly originating from the acquisition of Catalunya Banc, S.A.). As of September 30, 2025, December 31, 2024 and September 30, 2024 the remaining amount was €81m, €107m and €114m, respectively.

LOANS AND ADVANCES TO CUSTOMERS
(BILLIONS OF EUROS)

⁽¹⁾ At constant exchange rates: +10.4%.

CUSTOMER FUNDS
(BILLIONS OF EUROS)

⁽¹⁾ At constant exchange rates: +11.7%.

CUSTOMER FUNDS (MILLIONS OF EUROS)

	30-09-25	𝚫 %	31-12-24	30-09-24
Deposits from customers	471,364	5.3	447,646	437,834
Current accounts	341,346	2.9	331,780	314,916
Time deposits	119,754	12.6	106,362	102,454
Other deposits	10,264	8.0	9,503	20,464
Other customer funds	216,417	12.4	192,604	183,213
Mutual funds and investment companies and customer portfolios ⁽¹⁾	176,953	13.2	156,265	147,769
Pension funds	32,923	4.1	31,614	30,662
Other off-balance sheet funds	6,541	38.4	4,726	4,782
Total customer funds	687,781	7.4	640,250	621,047
⁽¹⁾ Includes the customer portfolios in Spain, Mexico, Peru (preliminary data as of 30-09-2025) and Colombia (preliminary data as of 30-09-2025).

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Balance sheet and business activity

LOANS AND ADVANCES TO CUSTOMERS (BILLIONS OF EUROS)

CUSTOMER FUNDS (BILLIONS OF EUROS)

LOANS AND ADVANCES TO CUSTOMERS
(BILLIONS OF EUROS)

CUSTOMER FUNDS
(BILLIONS OF EUROS)