Schedule V - Valuation and qualifying accounts
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| Amounts in EUR millions |
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2024 |
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2023 |
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Loss allowance on January 1 |
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(263 |
) |
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(287 |
) |
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Impact on year end ECL of exposures transferred between stages during the year |
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(53 |
) |
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(71 |
) |
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(5 |
) |
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Financial assets derecognized during the period |
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89 |
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58 |
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74 |
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New financial assets originated or purchased |
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(47 |
) |
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(42 |
) |
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(26 |
) |
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Change in models |
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37 |
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(115 |
) |
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(28 |
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Net exchange differences |
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53 |
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(25 |
) |
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9 |
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Loss allowance on December 31 |
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Loss allowance by asset type |
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Mortgage loans |
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(33 |
) |
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(118 |
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(26 |
) |
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Debt securities |
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(347 |
) |
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(341 |
) |
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(237 |
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Loss allowance on December 31 |
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Net impairment on financial and non-financial assets |
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Mortgage loans measured at amortized cost |
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57 |
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(88 |
) |
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(15 |
) |
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Debt securities measured at FVOCI |
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(120 |
) |
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(140 |
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(44 |
) |
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Other |
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(6 |
) |
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(9 |
) |
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(60 |
) |
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Net impairment charge in P&L |
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