XML 70 R29.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Net interest income | 12 Months Ended
--- | ---
Dec. 31, 2023
Net interest income [abstract] |
Net interest income | 20 Net interest income
Net interest income
in EUR million | 2023 | 2022 | 2021 |  |  | 2023 | 2022 | 2021
Interest income on loans | 32,002 | 18,440 | 13,914 |  | Interest expense on deposits from banks | 1,555 | 420 | 109
Interest income on financial assets at fair value through OCI | 1,078 | 511 | 346 |  | Interest expense on customer deposits | 10,385 | 2,800 | 915
Interest income on debt securities at amortised cost | 877 | 591 | 468 |  | Interest expense on debt securities in issue | 4,014 | 1,722 | 1,218
Interest income on non-trading derivatives (hedge accounting) | 10,682 | 4,011 | 2,361 |  | Interest expense on subordinated loans | 708 | 648 | 571
Negative interest on liabilities | 19 | 887 | 1,487 |  | Negative interest on assets | — | 285 | 572
Total interest income using effective interest rate method | 44,658 | 24,439 | 18,577 |  | Interest expense on non-trading derivatives (hedge accounting) | 11,849 | 4,144 | 1,700
|  |  |  |  | Total interest expense using effective interest rate method | 28,510 | 10,019 | 5,085
Interest income on financial assets at fair value through profit or loss | 4,934 | 1,444 | 435 |  |  |  |  |
Interest income on non-trading derivatives (no hedge accounting) | 2,637 | 2,390 | 2,025 |  | Interest expense on financial liabilities at fair value through profit or loss | 4,410 | 1,237 | 304
Interest income other | 171 | 100 | 14 |  | Interest expense on non-trading derivatives (no hedge accounting) | 3,131 | 2,411 | 1,605
Total other interest income | 7,741 | 3,934 | 2,474 |  | Interest expense on lease liabilities | 28 | 15 | 14
Total interest income | 52,399 | 28,373 | 21,051 |  | Interest expense other | 157 | 98 | 43
|  |  |  |  | Total other interest expense | 7,726 | 3,762 | 1,966
|  |  |  |  | Total interest expense | 36,237 | 13,780 | 7,051
|  |  |  |  | Net interest income | 16,162 | 14,593 | 14,000
Total net interest income amounts to EUR 16,162 million (2022: EUR 14,593 million; 2021: EUR 14,000 million). Net interest income was affected by reversing the hedge accounting impacts that are applied under EU ‘IAS 39 carve-out’ with an impact of EUR 187 million (2022: EUR 836 million). The net increase, without the IAS 39 carve out impact, is E UR 1,382 mi llion. The increasing net interest income for 2023 and 2022 is a reflection of the interest rates during the period which repriced faster on the asset side compared to the liability side of the balance sheet. In 2022 an one-off adjustment was recorded in interest income on loans regarding the credit moratoria in Poland (EUR -343 million). Due to prevalent rates during the comparative years, Negative interest on liabilities includes the ECB funding rate benefit from the TLTRO III programme of EUR 314 million in 2022 (2021: EUR 808 million), while for 2023 Interest expense on deposits from banks includes interest paid under the TLTRO III programme of EUR 557 million. This was driven by the following applicable TLTRO III rates applicable for ING Group: -100 bps throughout the entire 2021 and the first half of 2022 until 23 June 2022; -37 bps, -36 bps, -29 bps between 23 June 2022 and 22 November 2022 for ING's participation in series 3,4 and 7 of TLTRO III, respectively; 150 bps between 22 November 2022 and 21 December 2022; 200 bps from 21 December 2022 until 8 February 2023; 250 bps between 8 February 2023 and 22 March 2023; 300 bps between 22 March 2023 and May 2023 and increased to 400 bps during the period May to December 2023.

X
- Definition The disclosure of interest income and expense. [Refer: Interest 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_DisclosureOfInterestIncomeExpenseExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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