v3.25.2
Consolidated consolidated statement of cash flows - EUR (€)
€ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities      
Result before tax € 5,558 € 6,373  
Adjusted for:      
– Depreciation and amortisation 330 331  
– Addition to loan loss provisions 612 559  
– Revaluations 613 (80)  
– Exchange rate differences and other (2,519) 1,858  
Taxation paid (1,129) (1,307)  
Changes in:      
–  Loans and advances to banks, not available on demand (19,168) (5,222)  
–  Deposits from banks, not payable on demand (529) (6,181)  
–  Trading assets 8,242 (12,975)  
–  Trading liabilities (8,868) (3,485)  
–  Loans and advances to customers (22,641) (13,819)  
–  Customer deposits 53,363 41,652  
–  Non–trading derivatives 2,108 (647)  
–  Assets designated at fair value through profit or loss 914 769  
–  Assets mandatorily at fair value through profit or loss (28,235) (14,427)  
–  Other assets (2,108) (1,200)  
–  Other financial liabilities at fair value through profit or loss 19,050 11,874  
–  Provisions and other liabilities 4,899 1,875  
Net cash flow from/(used in) operating activities 10,491 5,948  
Investments and advances:      
- Associates and joint ventures (1) (22)  
- Financial assets at fair value through other comprehensive income (11,324) (11,040)  
– Securities at amortised cost [1] (81,126) (48,584)  
– Property and equipment (124) (172)  
– Other investments (200) (152)  
Disposals and redemptions:      
– Associates and joint ventures 116 44  
– Disposal of subsidiaries, net of cash disposed  
- Financial assets at fair value through other comprehensive income 7,144 5,921  
– Securities at amortised cost [1] 76,653 47,439  
– Property and equipment 26 24  
– Other investments 6 10  
Net cash flow from/(used in) investing activities (8,829) (6,532)  
Cash flows from financing activities      
Proceeds from debt securities [1] 80,301 65,628  
Repayments of debt securities [1] (65,413) (50,636)  
Proceeds from issuance of subordinated loans 1,232 2,385  
Repayments of subordinated loans (1,818) (1,970)  
Repayments of principal portion of lease liabilities (143) (136)  
Purchase/sale of treasury shares (2,047) (1,573)  
Dividends paid (2,843) (2,750)  
Net cash flow from/(used in) financing activities 9,268 10,948  
Net cash flow 10,931 10,364  
Cash and cash equivalents at beginning of the period 69,069 93,012 € 93,012
Effect of exchange rate changes on cash and cash equivalents (610) (1,366)  
Cash and cash equivalents at end of the period 79,389 102,010 69,069
Cash and cash equivalents      
Treasury bills and other eligible bills included in securities at AC 77 23  
Deposits from banks (11,093) (8,498)  
Loans and advances to banks 14,841 13,412  
Cash and balances with central banks 75,565 97,073 70,353
Cash and cash equivalents at end of the period € 79,389 € 102,010 € 69,069
[1] Cash flows are reported on a gross basis and include investments and borrowings of short term securities