Valuation and qualifying accounts

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation and qualifying accounts

Schedule V

Valuation and qualifying accounts

Amounts in EUR millions	2023			2022
Loss allowance on January 1		(287	)		(364	)
Impact on year end ECL of exposures transferred between stages during the year		(5	)		(69	)
Financial assets derecognized during the period		74			103
New financial assets originated or purchased		(26	)		(56	)
Change in models		(28	)		30
Net exchange differences		9			(15	)
Transfers to disposal groups		-			84
Loss allowance on December 31		(263	)		(287	)
ECL per asset type
Mortgage loans		(26	)		(12	)
Debt securities		(237	)		(276	)
Total ECL on December 31		(263	)		(287	)
Impairment charge in P&L of IFRS 9 instruments and non-financial assets
Mortgage loans measured at amortized cost		(15	)		10
Debt securities measured at FVOCI		(44	)		(108	)
Other		(60	)		(41	)
Net impairment charge in P&L		(119	)		(138	)