12. Loans and Advances to
Customers
About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
Amounts in millions of euros
2018
2017
Loans to private sector clients:
- overdrafts
15,758
17,535
- mortgages
190,651
194,521
-finance leases
18,772
16,932
- corporate loans
186,563
179,204
- other
8,009
8,186
Loans to government clients:
-finance leases
202
196
- other
1,658
2,069
Reverse repurchase transactions, securities borrowing
agreements and settlement accounts
12,929
12,895
Grosscarrying amount loans and advances to customers 434,542
431,538
Hedge accounting adjustment
5,784
6,386
Impairment allowances on loans and advances to
customers
(3,735)
(5,446)
436,591
432,478
Reclassified assets
n/a
86
Total loans and advances to customers
436,591
432,564
Finance Leases
Loans and advances to customers also includes receivables from
finance leases, which can be broken down as follows:
Amounts in millions of euros
2018
2017
Receivables from gross investment in finance leases
Not exceeding 1 year
6,116
6,302
Longer than 1 year but less than 5 years
13,026
11,584
Longer than 5 years
1,292
621
Gross investment in finance leases
20,434
18,507
Unearned deferred finance income from finance leases
1,626
1,561
Net investment in finance leases
18,808
16,946
Not exceeding 1 year
5,962
6,097
Longer than 1 year but less than 5 years
11,574
10,393
Longer than 5 years
1,272
456
Net investment in finance leases
18,808
16,946
The finance leases mainly relate to the lease of equipment, cars
and factoring products. On December 31, 2018, the loan
impairment allowance for finance leases amounted to
EUR 166 million (2017: EUR 182 million). The unguaranteed
residual values accruing to the lessor amounted to
EUR 2,227 million (2017: EUR 1,914 million). The contingent lease
payments recognized as income in 2018 were nil (2017: nil).
Annual Report 2018 - Consolidated Financial Statements
184