Balance sheet as at December 31, 2024

 

Assets Note no. Dec. 31, 2024
€ million
Dec. 31, 2023
€ million
Cash and cash equivalents 19 98,256 119,757
Loans and advances to banks 20 58,484 38,158
Loans and advances to customers 20 1,050,269 1,023,602
Hedging instruments (positive fair values) 21 3,530 5,259
Financial assets held for trading 22 29,976 34,127
Investments 23 256,283 241,273
Loss allowances 24 –15,827 –12,048
Investments held by insurance companies 25 121,404 114,329
Property, plant and equipment, investment property and right-of-use assets 26 18,621 18,117
Income tax assets 27 9,023 8,929
Other assets 28 7,706 5,677
Total assets 1,637,724 1,597,180

 

Equity and liabilities Note no. Dec. 31, 2024
€ million
Dec. 31, 2023
€ million
Deposits from banks 29 138,877 139,4581
Deposits from customers 29 1,061,003 1,031,1861
Debt certificates issued including bonds 30 100,778 97,433
Hedging instruments (negative fair values) 21 660 624
Financial liabilities held for trading 31 38,544 44,043
Provisions 32 11,190 11,592
Insurance contract liabilities 33 111,340 105,151
Income tax liabilities 27 6,130 5,859
Other liabilities 34 11,684 11,883
Subordinated capital 35 7,214 6,713
Equity 36 150,305 143,238
  Equity of the Cooperative Financial Network 148,200 141,158
    Subscribed capital 18,058 17,410
    Capital reserves 1,282 811
    Retained earnings 129,265 123,107
    Reserve from other comprehensive income –594 –360
    Additional equity components 189 190
  Non-controlling interests 2,105 2,080
Total equity and liabilities 1,637,724 1,597,180

1 Amount restated