ING Direct 2009 Annual Report Download - page 142

Notes to the consolidated balance sheet of ING Group (continued)
2.1 Consolidated annual accounts
ING Group Annual Report 2009
140
18 AMOUNTS DUE TO BANKS
Amounts due to banks include non-subordinated debt due to banks, other than amounts in the form of debt securities. As at
31 December 2009, liabilities concerning securities sold in repurchase transactions amounted to EUR 17,991 million (2008:
EUR 41,336 million).
Amounts due to banks by type
Netherlands International Total
2009 2008 2009 2008 2009 2008
Non-interest bearing 1,615 1,108 669 2,482 2,284 3,590
Interest bearing 35,681 74,580 46,270 74,095 81,951 148,675
37,296 75,688 46,939 76,577 84,235 152,265
19 CUSTOMER DEPOSITS AND OTHER FUNDS ON DEPOSIT
Customer deposits and other funds on deposit
2009 2008
Savings accounts 304,104 263,637
Credit balances on customer accounts 110,087 174,141
Corporate deposits 53,272 80,230
Other 2,045 4,775
469,508 522,783
Customer deposits and other funds on deposit by type
Netherlands International Total
2009 2008 2009 2008 2009 2008
Non-interest bearing 13,541 14,220 5,936 5,330 19,477 19,550
Interest bearing 124,488 195,727 325,543 307,50 6 450,031 503,233
138,029 209,947 331,479 312,836 469,508 522,783
No funds have been entrusted to the Group by customers on terms other than those prevailing in the normal course of business. As at
31 December 2009, Customer deposits and other funds on deposit included liabilities with regard to securities sold in repurchase
transactions amounting to EUR 7,326 million (2008: EUR 5,759 million).
Savings accounts relate to the balances on savings accounts, savings books, savings deposits and time deposits of personal customers.
The interest payable on savings accounts, which is contractually added to the accounts, is also included.
During 2009, certain product features and internal procedures for current accounts were amended. As a result thereof, the balances on
these current accounts meet the criteria under IFRS for netting of positive and negative balances per client in the balance sheet. This
additional netting resulted in a decrease in Loans and advances to customers (banking operations) and a similar decrease in Customer
deposits and other funds on deposit of approximately EUR 73.9 billion.
20 FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT AND LOSS
Financial liabilities at fair value through profit and loss
2009 2008
Trading liabilities 98,245 152,616
Non-trading derivatives 20,070 21,773
Designated as at fair value through profit and loss 11,474 14,009
129,789 188,398
Trading liabilities by type
2009 2008
Equity securities 3,052 3,338
Debt securities 12,457 12,448
Funds on deposit 42,505 64,463
Derivatives 40,231 72,367
98,245 152,616
As at 31 December 2009, the Funds on deposit include amounts payable of EUR 41,876 million (2008: EUR 63,107 million) with regard to
repurchase transactions.