XML 80 R23.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Financial liabilities at fair value through profit or loss | 12 Months Ended
--- | ---
Dec. 31, 2024
Financial liabilities at fair value through profit or loss [abstract] |
Financial liabilities at fair value through profit or loss | 14 Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss
in EUR million | 2024 | 2023
Trading liabilities | 35,255 |  | 37,220 |
Non-trading derivatives | 2,101 |  | 2,019 |
Designated at fair value through profit or loss | 49,543 |  | 55,400 |
| 86,900 |  | 94,638 |
Trading liabilities
Trading liabilities by type
in EUR million | 2024 | 2023
Equity securities | 467 |  | 1,156 |
Debt securities | 3,185 |  | 2,492 |
Funds on deposit | 5,437 |  | 10,443 |
Derivatives | 26,166 |  | 23,129 |
| 35,255 |  | 37,220 |
Non-trading derivatives
Non-trading derivatives by type
in EUR million | 2024 | 2023
Derivatives used in: |  |
- fair value hedges | 79 |  | 113 |
- cash flow hedges | 573 |  | 458 |
- hedges of net investments in foreign operations | 117 |  | 92 |
Other non-trading derivatives | 1,332 |  | 1,356 |
| 2,101 |  | 2,019 |
Reference is made to Note 35 'Derivatives and hedge accounting' for information on derivatives used for hedge accounting. Other non-trading derivatives mainly include interest-rate swaps, foreign-exchange swaps and cross-currency swaps for which no hedge accounting is applied. Designated at fair value through profit or loss
Designated at fair value through profit or loss by type
in EUR million | 2024 | 2023
Debt securities | 9,844 |  | 8,672 |
Funds entrusted | 39,577 |  | 46,633 |
Subordinated liabilities | 122 |  | 95 |
| 49,543 |  | 55,400 |
As at 31 December 2024, 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 17 million on a cumulative basis (2023: EUR -34 million). 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 based on yield curves). 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 EUR 11,376 million (2023: EUR 9,957 million). 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'.

X
- Definition The disclosure of financial liabilities. [Refer: Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_7&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

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