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Net interest income | 12 Months Ended
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Dec. 31, 2024
Net interest income [abstract] |
Net interest income | 20 Net interest income
Net interest income 1
in EUR million | 2024 | 2023 | 2022 |  |  | 2024 | 2023 | 2022
Interest income on loans 2 | 34,146 |  | 32,021 |  | 19,327 |  |  | Interest expense on deposits 3 | 15,105 |  | 11,940 |  | 3,506 |
Interest income on debt securities at amortised cost | 1,204 |  | 877 |  | 591 |  |  | Interest expense on debt securities in issue | 5,254 |  | 4,014 |  | 1,722 |
Interest income on financial assets at fair value through OCI | 1,481 |  | 1,078 |  | 511 |  |  | Interest expense on subordinated loans | 753 |  | 708 |  | 648 |
Interest income on non-trading derivatives (hedge accounting) | 12,644 |  | 10,682 |  | 4,011 |  |  | Interest expense on non-trading derivatives (hedge accounting) | 13,767 |  | 11,849 |  | 4,144 |
Total interest income using effective interest rate method | 49,474 |  | 44,658 |  | 24,439 |  |  | Total interest expense using effective interest rate method | 34,878 |  | 28,510 |  | 10,019 |
Interest income on financial assets at fair value through profit or loss | 6,343 |  | 4,934 |  | 1,444 |  |  | Interest expense on financial liabilities at fair value through profit or loss | 5,479 |  | 4,410 |  | 1,237 |
Interest income on non-trading derivatives (no hedge accounting) | 3,168 |  | 2,637 |  | 2,390 |  |  | Interest expense on non-trading derivatives (no hedge accounting) | 3,308 |  | 3,131 |  | 2,411 |
Interest income other | 173 |  | 171 |  | 100 |  |  | Interest expense on lease liabilities | 27 |  | 28 |  | 15 |
Total other interest income | 9,685 |  | 7,741 |  | 3,934 |  |  | Interest expense other | 178 |  | 157 |  | 98 |
|  |  |  |  | Total other interest expense | 8,993 |  | 7,726 |  | 3,762 |
Total interest income | 59,159 |  | 52,399 |  | 28,373 |  |  | Total interest expense | 43,871 |  | 36,237 |  | 13,780 |
|  |  |  |  | Net interest income | 15,288 |  | 16,162 |  | 14,593 |
1 Table has been updated to a more aggregated view for presentation purposes and comparatives have been adjusted accordingly. Negative interest on assets and liabilities is no longer presented separately. Furthermore, interest expense on deposits from customers and banks is now presented on a combined basis within Interest expense on deposits. Refer to footnote 2 and 3. 2 Includes interest income on loans to customers and banks, cash balances as well as negative interest on liabilities. Negative interest on liabilities amounted to EUR 7 million (2023: EUR 19 million; 2022: EUR 887 million). 3 Includes interest paid on deposits from customers and banks, and negative interest on assets. Negative interest on assets amounted to EUR 1 million (2023: EUR nil; 2022: EUR 285 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 265 million (2023: EUR 187 million; 2022: EUR 836 million). The net decrease, without the IAS 39 carve out impact, is EUR 609 million. In 2022, a 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, while for 2024 Interest expense on deposits includes interest paid under the TLTRO III programme of EUR 59 million (2023: EUR 557 million). The funding under this programme was fully repaid during the first quarter of 2024.

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