ING Direct 2002 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2002 ING Direct annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 97

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97

Summary annual figures
LENDING ANALYSED BY SECURITY
NETHER- INTER- NETHER- INTER-
LANDS NATIONAL TOTAL LANDS NATIONAL TOTAL
2002 2001
Loans guaranteed by public authorities 8,013 15,750 23,763 8,949 13,398 22,347
Loans secured by mortgages 86,932 31,260 118,192 78,789 19,502 98,291
Loans guaranteed by credit institutions 1,184 6,782 7,966 940 6,286 7,226
Other personal lending 8,201 6,810 15,011 3,738 3,259 6,997
Other corporate loans 42,083 82,256 124,339 33,997 89,787 123,784
146,413 142,858 289,271 126,413 132,232 258,645
Provision for loan losses -999 -3,824 -4,823 -909 -3,522 -4,431
145,414 139,034 284,448 125,504 128,710 254,214
PROVISION FOR LOAN LOSSES
NETHER- INTER- NETHER- INTER-
LANDS NATIONAL TOTAL LANDS NATIONAL TOTAL
2002 2001
Allocated to Lending 999 3,824 4,823 909 3,522 4,431
Allocated to Banks 47 47 43 43
Allocated to other assets 18 248 266 39 250 289
1,017 4,119 5,136 948 3,815 4,763
MOVEMENTS IN THE PROVISION FOR LOAN LOSSES INCLUDED IN LENDING, BANKS AND OTHER ASSETS
2002 2001
Opening balance 4,763 4,501
Changes in the composition of the group 98
Write-offs -882 -669
Recoveries 33 39
Additions from:
— value adjustments to receivables 1,435 750
— interest income 105 122
Other movements -416 20
Closing balance 5,136 4,763
Annual Report 2002 · ING Group 63
NOTES TO THE CONSOLIDATED BALANCE SHEET
amounts in millions of euros
INVESTMENTS
BREAKDOWN INVESTMENTS
2002 2001
Land and buildings, including commuted
ground rents 10,951 10,541
Shares and convertible debentures 12,278 19,502
Fixed-interest securities 209,878 194,543
Investments for risk of policyholders and
investments of annual life funds 64,281 82,743
Other investments 193 117
297,581 307,446
LENDING