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Property and equipment
 12 Months Ended
Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [abstract]  
Property and equipment 9  Property and equipment
Property and equipment by type
in EUR million
2023
2022
Property in own use
616
681
Equipment:
- Data processing equipment
213
213
- Other equipment
492
476
Right- of- use assets:
- ROU property
972
1,000
- ROU cars
97
64
- ROU other leases
9
12
2,399
2,446
Changes in property and equipment
Property in own use
Equipment
Right-of-use assets
Total
in EUR million
2023
2022
2023
2022
2023
2022
2023
2022
Opening balance as at 1 January
681
702
688
699
1,076
1,113
2,446
2,515
Additions
4
2
241
229
279
173
525
404
Transfers
-1
-1
-4
-1
-4
-4
-9
-5
Depreciation
-12
-13
-204
-220
-246
-252
-461
-485
Impairments1
-19
-9
-10
-16
-12
-9
-41
-35
Reversals of impairments 1
10
16
10
16
Remeasurements
4
15
9
67
13
81
Disposals
-47
-67
-10
-15
-20
-15
-78
-98
Exchange rate differences
-4
36
4
13
-4
3
-5
52
Closing balance
616
681
705
688
1,078
1,076
2,399
2,446
Cost price
753
847
3,140
3,554
1,851
1,680
5,744
6,081
Accumulated depreciation
-305
-362
-2,430
-2,853
-904
-714
-3,639
-3,929
Accumulated impairments
-99
-107
-6
-12
-32
-21
-136
-140
Accumulated revaluation surplus
267
304
267
304
Accumulated remeasurement
163
130
163
130
Net carrying value
616
681
705
688
1,078
1,076
2,399
2,446
1 (Reversals of) impairments of property and equipment are presented as Other operating expenses in the statement of Profit or Loss.
ING considers valuations from third-party experts in determining the fair values of property in own use. The
vast majority of the land and buildings are appraised during 2023. Property in own use purchase costs
amounted to EUR 753 million (2022: EUR 847 million). Cost or the purchase price less accumulated
depreciation and impairments would have been EUR 350 million (2022: EUR 368 million) had property in
own use been valued at cost instead of at fair value.
The reported impairment losses of EUR -41 million (2022: EUR -35 million) mainly result from changes in the
post-pandemic way of working through downscaling of physical office spaces and closure of branches for
commercial reasons.