XML 71 R30.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Net fee and commission income | 12 Months Ended
--- | ---
Dec. 31, 2023
Fee and commission income [abstract] |
Net fee and commission income | 21 Net fee and commission income
Net fee and commission income
in EUR million | 2023 | 2022 | 2021
Fee and commission income |  |  |
Payment Services | 2,062 | 1,888 | 1,661
Securities business | 584 | 632 | 853
Insurance and other broking | 529 | 682 | 734
Portfolio management | 625 | 600 | 617
Lending business | 602 | 556 | 477
Financial guarantees and other commitments | 459 | 496 | 458
Other | 248 | 232 | 204
Total fee and commission income | 5,109 | 5,085 | 5,004
Fee and commission expenses |  |  |
Payment Services | 704 | 600 | 563
Securities business | 128 | 160 | 164
Distribution of products | 480 | 555 | 591
Other | 202 | 184 | 169
Total fee and commission expenses | 1,514 | 1,499 | 1,487
Net fee and commission income | 3,595 | 3,586 | 3,517
Payment services fees are earned for providing services for deposit accounts and cards, cash management and transaction processing including interchange. Securities fees and commissions are fees for securities brokerage and securities underwriting. Portfolio management fees include fees earned for asset management activities, fiduciary and related activities in which ING holds or invests assets on behalf of its customers. Fees and commissions from Lending (syndication) business include income earned for lending advisory, origination, underwriting and loan commitments which are not part of the effective interest rate. Financial guarantees and other commitments fees and commissions are earned from bank guarantees, letters of credit and other trade finance related products, factoring and leasing. Fees paid for distribution of products are all fees paid for the distribution of ING’s products and services through external providers. Reference is made to Note 30 'Segments' which includes net fee and commission income, as reported to the Executive Board and the Management Board Banking, disaggregated by line of business and by geographical segment.

X
- Definition The disclosure of fee and commission income (expense). [Refer: Fee and commission income (expense)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_FeeAndCommissionIncomeAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration