
Financial liabilities at fair value through profit or loss
in EUR million	2023	2022
Trading liabilities	37,220	39,088
Non-trading derivatives	2,019	3,048
Designated at fair value through profit or loss	55,400	50,883
	94,638	93,019


Non-trading derivatives by type
in EUR million	2023	2022
Derivatives used in:
- fair value hedges	113	244
- cash flow hedges	458	1,275
- hedges of net investments in foreign operations	92	83
Other non-trading derivatives	1,356	1,446
	2,019	3,048

Reference is made to Note 36 'Derivatives and hedge accounting' for information on derivatives used for

Other non-trading derivatives mainly includes interest rate swaps and foreign currency swaps for hedging

purposes, but for which no hedge accounting is applied.


Designated at fair value through profit or loss by type
in EUR million	2023	2022
Debt securities	8,672	6,537
Funds entrusted	46,633	44,263
Subordinated liabilities	95	82
	55,400	50,883

As at 31 December 2023, the change in the fair value of financial liabilities designated at fair value through

profit or loss attributable to changes in credit risk is EUR -34 million (2022: EUR -75 million) on a cumulative

basis. This change has been determined as the amount of change in fair value of the financial liability that is

not attributable to changes in market conditions that gave rise to market risk (i.e. mainly interest rate risk

The amount that ING Group is contractually required to pay at maturity to the holders of financial liabilities

designated at fair value through profit or loss excluding repurchase agreements (part of funds entrusted) is

Funds entrusted include mainly repurchase agreements. For more information on repurchase transactions

refer to Note 4 'Financial assets at fair value through profit or loss'.