ING Direct 2015 Annual Report Download - page 53

Contents
Who we are
Report of the
Management
Board
Corporate
Governance
Consolidated
annual accounts
Parent company
annual accounts
Other
information
Additional
information
Notes to the Consolidated annual accounts of ING Bank - continued
Notes to the Consolidated balance sheet
Assets
2 Cash and balances with central banks
2015
2014
Amounts held at central banks
19,753
10,548
Cash and bank balances
1,705
1,674
21,458
12,222
In 2015, the increase in Cash and balances with central banks is mainly as a result of excess liquidity resulting in higher placements
with central banks mainly in the Netherlands, UK, Japan, Switzerland and Belgium.
Amounts held at central banks reflect on demand balances.
Reference is made to Note 40 ‘Assets not freely disposable’ for restrictions on Cash balances with central banks.
3 Amounts due from banks
Netherlands
International
Total
2015
2014
2015
2014
2015
2014
Loans and advances to banks
11,542
11,833
17,472
24,183
29,014
36,016
Cash advances, overdrafts and other balances
541
617
425
495
966
1,112
12,083
12,450
17,897
24,678
29,980
37,128
Loan loss provisions
–14
–6
–14
–6
12,083
12,450
17,883
24,672
29,966
37,122
In 2015, the decrease in Amounts due from Banks is attributable mainly to a decrease of EUR 3,070 million related to reverse
repurchase transactions and a decrease of EUR 2,001 million related to short-term deposits with central banks.
Loans and advances to banks include balances (mainly short-term deposits) with central banks amounting to EUR 1,104 million (2014:
EUR 3,105 million).
As at 31 December 2015, Amounts due from banks includes receivables with regard to securities which have been acquired in reverse
repurchase transactions amounting to EUR 1,092 million (2014: EUR 4,162 million) and receivables related to finance lease contracts
amounting to EUR 114 million (2014: EUR 59 million). Reference is made to Note 41 ‘Transfer of financial assets’ for information on
securities lending as well as sale and repurchase transactions.
As at 31 December 2015, the non-subordinated receivables amount to EUR 29,902 million (2014: EUR 37,062 million) and the
subordinated receivables amount to EUR 64 million (2014: EUR 60 million).
Reference is made to Note 40 ‘Assets not freely disposable’ for restrictions on Amounts due from banks.
No individual amount due from banks has terms and conditions that significantly affect the amount, timing or certainty of
consolidated cash flows of ING Bank. For details on significant concentrations, refer to the section ‘Risk management – Credit risk’.
Cash and balances with central banks
Amounts due from banks
ING Bank Annual Report 2015 51