ING Direct 2011 Annual Report Download - page 128

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Notes to the consolidated annual accounts of ING Group continued
Loans and advances to customers by type – insurance operations
Netherlands International Total
2011 2010 2011 2010 2011 2010
Policy loans 44 47 3,308 3,180 3,352 3,227
Loans secured by mortgages 6,450 6,594 7,692 7,169 14,142 13,763
Unsecured loans 2,187 3,046 5,135 3,137 7,322 6,183
Asset backed securities 6,681 6,385 6,681 6,385
Other 355 442 1,244 1,182 1,599 1,624
15,717 16,514 17,379 14,668 33,096 31,182
Loan loss provisions –80 –71 –44 –46 –124 –117
15,637 16,443 17,335 14,622 32,972 31,065
As at 31 December 2011, Loans and advances to customers included receivables with regard to securities which have been acquired
inreverse repurchase transactions related to the banking operations amounting to EUR 1,228 million (2010: EUR 1,609 million).
No individual loan or advance has terms and conditions that materially affect the amount, timing or certainty of the consolidated cash
flows of the Group. For details on significant concentrations see ‘Risk management’ section.
Loans and advances to customers and Amounts due from banks include finance lease receivables, are detailed as follows:
Finance lease receivables
2011 2010
Maturities of gross investment in finance
lease receivables
– within 1 year 5,386 5,060
– more than 1 year but less than 5 years 9,407 9,700
– more than 5 years 5,875 6,089
20,668 20,849
Unearned future finance income on finance leases –3,228 –3,328
Net investment in finance leases 17,440 17,521
Maturities of net investment in finance lease
receivables
– within 1 year 4,697 4,363
– more than 1 year but less than 5 years 8,035 8,294
– more than 5 years 4,708 4,864
17,440 17,521
Included in Amounts due from banks 76 82
Included in Loans and advances to customers 17,364 17,439
17,440 17,521
The allowance for uncollectible finance lease receivables included in the loan loss provisions amounted to EUR 223 million as at
31December 2011 (2010: EUR 177 million).
No individual finance lease receivable has terms and conditions that materially affect the amount, timing or certainty of the consolidated
cash flows of the Group.
126 ING Group Annual Report 2011