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Financial assets held for trading (Tables)

12 Months Ended

Dec. 31, 2017

(€ million)	December 31, 2017		December 31, 2016
Quoted bonds issued by sovereign states		1,022		996
Other		4,990		5,170
		6,012		6,166

The breakdown by currency is provided below:

The breakdown by issuing entity and credit rating is presented below:

	Nominal value (€ million)		Fair Value (€ million)		Rating – Moody’s	Rating – S&P
Quoted bonds issued by sovereign states
Fixed rate bonds
Italy		478		477	Baa2	BBB
Poland		53		52	A2	BBB+
United States of America		53		45	Aaa	AA+
Spain		45		41	Baa2	BBB+
Slovenia		33		34	Baa1	A+
Japan		25		21	A1	A+
Ireland		10		10	A2	A+
Canada		11		9	Aaa	AAA
Chile		8		9	Aa3	A+
Slovakia		5		4	A2	A+
Sweden		4		4	Aaa	AAA
Netherlands		2		2	Aaa	AAA
South Korea		1		1	Aa2	AA
		728		709
Floating rate bonds
Italy		300		304	Baa2	BBB
Belgium		7		7	Aa3	AA
United States of America		2		2	Aaa	AA+
		309		313
Total quoted bonds issued by sovereign states		1,037		1,022
Other Bonds
Fixed rate bonds
Quoted bonds issued by industrial companies		2,036		1,922	from Aaa to Baa3	from AAA to BBB-
Quoted bonds issued by financial and insurance companies		1,437		1,409	from Aaa to Baa3	from AAA to BBB-
Quoted bonds issued by supranational institutions		28		25	from Aaa to Aa3	from AAA to AA-
		3,501		3,356
Floating rate bonds
Quoted bonds issued by financial and insurance companies		840		842	from Aaa to Baa3	from AAA to BBB-
Quoted bonds issued by industrial companies		789		754	from Aaa to Baa3	from AAA to BBB-
Quoted bonds issued by supranational institutions		45		38	from Aaa to Aa3	from AAA to AA-
		1,674		1,634
Total other bonds		5,175		4,990
Total other financial assets held for trading		6,212		6,012