19. Non-current Assets Held for Sale
20. Deposits from Credit Institutions
21. Deposits from Customers
22. Debt Securities in Issue
23. Financial Liabilities Held for
Trading
About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
The non-current assets held for sale amount to EUR 268 million
(2017: EUR 992 million) and mainly comprise various types of real
estate in the segments Domestic Retail Banking and Real Estate
for an amount of EUR 138 million and a stake in a financial service
provider in Africa for an amount of EUR 108 million that will be
transferred to Arise B.V. after government approval. The book
values are expected to be realized through sale rather than
through continued operation.
The real estate classified as held for sale are mostly unique
objects. There is often no active market for similar real estate at
the same location and in the same condition. A large number of
parameters are used for the valuations of the various types of
property investments, where possible based on existing contracts
and market data. A certain level of assessment and estimation is
unavoidable. It is for this reason that all non-current assets
classified as "held for sale" are classified in level 3.
Amounts in millions of euros
2018
2017
Demand deposits
986
1,139
Fixed-term deposits
18,280
17,384
Repurchase agreements
91
396
Other deposits from credit institutions
40
3
Total deposits from credit institutions
19,397
18,922
Amounts in millions of euros
2018
2017
Current accounts
85,511
77,914
Deposits with agreed maturity
71,203
74,536
Deposits redeemable at notice
175,932
178,162
Repurchase agreements
13
108
Fiduciary deposits
9,750
9,961
Other deposits from customers
1
1
Total deposits from customers
342,410
340,682
Short-term deposits from central banks amounting to
EUR20 billion (2017: EUR23 billion) are included in Deposits with
agreed maturity.
Financial liabilities held for trading are mainly negative fair values
of derivatives and delivery obligations that arise on the short
selling of securities. Securities are sold shortto realize gainsfrom
short-term price fluctuations. The securities needed to settle
short sales are acquired through securities lending and
repurchasing agreements. The fair value of the shares and bonds
sold short are EUR 400 million (2017: EUR 581 million).
Amounts in millions of euros 2018 2017
Certificates of deposit 19,927 26,749
Commercial paper 9,802 10,978
Issued bonds 86,793 85,458
Other debt securities 14,284 11,238
Total debt securities in issue 130,806 134,423
Annual Report2018-Consolidated Financial Statements
192
