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Property and equipment
 12 Months Ended
Dec. 31, 2024
Disclosure of detailed information about property, plant and equipment [abstract]  
Property and equipment
9 Property and equipment
Property and equipment by type
in EUR million20242023
Property in own use758  616  
Equipment:
- Data processing equipment218  213  
- Other equipment426  492  
Right- of- use assets:
- ROU property895  972  
- ROU cars124  97  
- ROU other leases13  9  
2,434  2,399  
Changes in property and equipment
Property in own useEquipmentRight-of-use assetsTotal
in EUR million20242023202420232024202320242023
Opening balance as at 1 January616  681  705  689  1,078  1,076  2,399  2,446  
Additions92  4  240  241  141  279  473  525  
Transfers83  -1  -78  -4  -4  -4  1  -9  
Depreciation-11  -12  -204  -204  -242  -246  -457  -461  
Impairments1
-9  -19  -10  -10  -4  -12  -23  -41  
Reversals of impairments 1
5  10          5  10  
Remeasurements5  4      75  9  80  13  
Disposals-36  -47  -14  -10  -18  -20  -68  -78  
Exchange rate differences13  -4  5  4  8  -4  25  -5  
Closing balance758  616  643  705  1,033  1,078  2,434  2,399  
Cost price871  753  3,027  3,140  1,933  1,851  5,831  5,744  
Accumulated depreciation-298  -305  -2,376  -2,430  -1,098  -904  -3,772  -3,639  
Accumulated impairments-97  -99  -8  -6  -31  -32  -136  -136  
Accumulated revaluation surplus282  267          282  267  
Accumulated remeasurement        229  163  229  163  
Net carrying value758  616  643  705  1,033  1,078  2,434  2,399  
1     Impairments and reversals of impairments of property and equipment are presented as Other operating expenses in the statement of Profit or Loss.
ING considers valuations from third-party experts in determining the fair values of property in own use. The vast majority of the land and buildings were appraised during 2024. Property in own use purchase costs amounted to EUR 871 million (2023: EUR 753 million). Cost or the purchase price less accumulated depreciation and impairments would have been EUR 476 million (2023: EUR 350 million) had property in own use been valued at cost instead of at fair value.
The reported impairment losses of EUR -23 million (2023: EUR -41 million) mainly result from the closure of branches and unfavourable office market developments.