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Financial liabilities at fair value through profit or loss
 12 Months Ended
Dec. 31, 2024
Financial liabilities at fair value through profit or loss [abstract]  
Financial liabilities at fair value through profit or loss
14 Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss
in EUR million20242023
Trading liabilities35,255  37,220  
Non-trading derivatives2,101  2,019  
Designated at fair value through profit or loss49,543  55,400  
86,900  94,638  
Trading liabilities
Trading liabilities by type
in EUR million20242023
Equity securities467  1,156  
Debt securities3,185  2,492  
Funds on deposit5,437  10,443  
Derivatives26,166  23,129  
35,255  37,220  
Non-trading derivatives
Non-trading derivatives by type
in EUR million20242023
Derivatives used in:
-  fair value hedges79  113  
-  cash flow hedges573  458  
-  hedges of net investments in foreign operations117  92  
Other non-trading derivatives1,332  1,356  
2,101  2,019  
Reference is made to Note 35 'Derivatives and hedge accounting' for information on derivatives used for hedge accounting.
Other non-trading derivatives mainly include interest-rate swaps, foreign-exchange swaps and cross-currency swaps for which no hedge accounting is applied.
Designated at fair value through profit or loss
Designated at fair value through profit or loss by type
in EUR million20242023
Debt securities9,844  8,672  
Funds entrusted39,577  46,633  
Subordinated liabilities122  95  
49,543  55,400  
As at 31 December 2024, the change in the fair value of financial liabilities designated at fair value through profit or loss attributable to changes in credit risk is EUR 17 million on a cumulative basis (2023: EUR -34 million). This change has been determined as the amount of change in fair value of the financial liability that is not attributable to changes in market conditions that gave rise to market risk (i.e. mainly interest-rate risk based on yield curves).
The amount that ING Group is contractually required to pay at maturity to the holders of financial liabilities designated at fair value through profit or loss excluding repurchase agreements (part of funds entrusted) is EUR 11,376 million (2023: EUR 9,957 million).
Funds entrusted include mainly repurchase agreements. For more information on repurchase transactions refer to Note 4 'Financial assets at fair value through profit or loss'.