ING Direct 2011 Annual Report Download - page 150

Notes to the consolidated annual accounts of ING Group continued
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
2011, liabilities concerning securities sold in repurchase transactions amounted to EUR 11,145 million (2010: EUR 12,200 million).
Amounts due to banks by type
Netherlands International Total
2011 2010 2011 2010 2011 2010
Non-interest bearing 1,350 1,893 808 701 2,158 2,594
Interest bearing 40,648 37,429 29,427 32,829 70,075 70,258
41,998 39,322 30,235 33,530 72,233 72,852
19 CUSTOMER DEPOSITS AND OTHER FUNDS ON DEPOSIT
Customer deposits and other funds on deposit
2011 2010
Savings accounts 291,516 324,581
Credit balances on customer accounts 114,867 127,17 7
Corporate deposits 49,668 55,024
Other 11,496 4,580
467,547 511,3 62
Customer deposits and other funds on deposit by type
Netherlands International Total
2011 2010 2011 2010 2011 2010
Non-interest bearing 13,294 13,522 9,447 6,773 22,741 20,295
Interest bearing 134,412 132,311 310,394 358,756 444,806 491,067
147,706 145,833 319,841 365,529 467,547 511,362
In 2011, the decrease in Customer deposits and other funds on deposits is mainly caused by the classification of ING Direct USA as a disposal
group held for sale. Reference is made to Note 11 ‘Assets and liabilities held for sale’.
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 2011, Customer deposits and other funds on deposit included liabilities with regard to securities sold in repurchase
transactions amounting to EUR 5,730 million (2010: EUR 5,272 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.
20 FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT AND LOSS
Financial liabilities at fair value through profit and loss
2011 2010
Trading liabilities 107,682 108,050
Non-trading derivatives 22,165 17,782
Designated as at fair value through profit and loss 13,021 12,707
142,868 138,539
Trading liabilities by type
2011 2010
Equity securities 3,332 4, 811
Debt securities 9,607 16,707
Funds on deposit 38,696 44,767
Derivatives 56,047 41,765
107,682 108,050
The increase in trading derivatives and other non-trading derivatives for which no hedge accounting is applied is mainly due to changes
infair value resulting from changes in market interest rates. The increase is substantially mitigated by a similar increase in Trading derivates
and Other non-trading derivatives (assets) as disclosed in Note 3 ‘Financial assets at fair value through profit and loss’.
148 ING Group Annual Report 2011