v3.26.1
Consolidated consolidated statement of cash flows - EUR (€)
€ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities      
Result before tax € 4,738 € 5,558  
Adjusted for:      
– Depreciation and amortisation 333 330  
– Addition to loan loss provisions 625 612  
– Revaluations (37) 613  
– Exchange rate differences and other 304 (2,519)  
Taxation paid (1,421) (1,129)  
Changes in:      
–  Loans and advances to banks, not available on demand (7,214) (19,168)  
–  Deposits from banks, not payable on demand 3,365 (529)  
–  Trading assets (8,925) 8,242  
–  Trading liabilities 2,892 (8,868)  
–  Loans and advances to customers (29,565) (22,641)  
–  Customer deposits 50,044 53,363  
–  Non–trading derivatives (231) 2,108  
–  Assets designated at fair value through profit or loss (43) 914  
–  Assets mandatorily at fair value through profit or loss (17,596) (28,235)  
–  Other assets (3,904) (2,108)  
–  Other financial liabilities at fair value through profit or loss 19,063 19,050  
–  Provisions and other liabilities 2,801 4,899  
Net cash flow from/(used in) operating activities 15,230 10,491  
Investments and advances:      
- Acquisition of subsidiaries, net of cash acquired (95) 0  
- Associates and joint ventures (4) (1)  
– Financial assets at fair value through other comprehensive income [1] (28,505) (11,324)  
– Securities at amortised cost [1] (101,994) (81,126)  
– Property and equipment (369) (124)  
– Other investments (193) (200)  
Disposals and redemptions:      
– Associates and joint ventures 458 116  
– Financial assets at fair value through other comprehensive income [1] 22,461 7,144  
– Securities at amortised cost [1] 88,336 76,653  
– Property and equipment 13 26  
– Other investments 4 6  
Net cash flow from/(used in) investing activities (19,885) (8,829)  
Cash flows from financing activities      
Proceeds from debt securities [1] 99,258 80,301  
Repayments of debt securities [1] (87,048) (65,413)  
Proceeds from issuance of subordinated loans 2,242 1,232  
Repayments of subordinated loans (1,490) (1,818)  
Repayments of principal portion of lease liabilities (147) (143)  
Purchase/sale of treasury shares (1,124) (2,047)  
Dividends paid (2,819) (2,843)  
Net cash flow from/(used in) financing activities 8,873 9,268  
Net cash flow 4,217 10,931  
Cash and cash equivalents at beginning of the period 54,148 69,069 € 69,069
Effect of exchange rate changes on cash and cash equivalents (130) (610)  
Cash and cash equivalents at end of the period 58,235 79,389 54,148
Cash and cash equivalents      
Treasury bills and other eligible bills included in securities at AC 80 77  
Deposits from banks (16,730) (11,093)  
Loans and advances to banks 9,931 14,841  
Cash and balances with central banks 64,954 75,565 52,889
Cash and cash equivalents at end of the period € 58,235 € 79,389 € 54,148
[1] Cash flows are reported on a gross basis and include investments and borrowings of short term securities