v3.25.2
Net interest income
 6 Months Ended
Jun. 30, 2025
Net Interest Income [Abstract]  
Net interest income
12 Net interest income
Net interest income
in EUR million30 June 202530 June 202430 June 202530 June 2024
Interest income on loans1
15,730  17,212  
Interest expense on deposits2
6,807  7,462  
Interest income on debt securities at amortised cost656  579  Interest expense on debt securities in issue2,562  2,573  
Interest income on financial assets at fair value through OCI803  710  Interest expense on subordinated loans394  353  
Interest income on non-trading derivatives (hedge accounting)4,889  6,564  Interest expense on non-trading derivatives (hedge accounting)5,528  7,127  
Total interest income using effective interest rate method22,079  25,066  Total interest expense using effective interest rate method15,291  17,515  
Interest income on financial assets at fair value through profit or loss2,652  3,211  Interest expense on financial liabilities at fair value through profit or loss2,166  2,843  
Interest income on non-trading derivatives (no hedge accounting)1,078  1,602  Interest expense on non-trading derivatives (no hedge accounting)1,029  1,742  
Interest income other34  49  Interest expense on lease liabilities14  14  
Total other interest income3,763  4,863  Interest expense other52  54  
Total other interest expense3,261  4,651  
Total interest income25,842  29,929  Total interest expense18,552  22,166  
Net interest income7,290  7,762  
1    Includes interest income on loans to customers and banks, cash balances as well as negative interest on liabilities. Negative interest on liabilities amounted to EUR 4 million (2024: EUR 5 million).
2    Includes interest paid on deposits from customers and banks, and negative interest on assets. Negative interest on assets amounted to EUR 4 million (2024: EUR nil).
Net interest income was affected by reversing the hedge accounting impacts that are applied under EU ‘IAS 39 carve-out’ with an impact of EUR 131 million (30 June 2024: EUR 107 million). The net decrease in Net interest income, without the IAS 39 carve out impact, is EUR 496 million.