Investor Presentaiton
Volatile income and expense items
Volatile items (in € mln)
2Q2022
3Q2022
4Q2022
1Q2023
2Q2023
WB/FM - valuation adjustments
90
-15
-2
-10
33
Capital gains/losses
8
-3
0
15
-0
Hedge ineffectiveness¹)
-31
-431
-71
35
-46
Other items income²)
-155
-218
-319
-69
-6
Total volatile items - income
-89
-668
-392
-29
-21
Incidental items - expenses³)
-159
-85
-82
-4
-6
Total volatile items
-247
-753
-473
-34
-27
1) 3Q2022: includes €-288 mln to unwind a macro fair value hedge of deposits in Belgium
2)
2Q2022: €76 mln TLTRO III benefit and €-231 mln due to hyperinflation accounting in Türkiye
3)
3Q2022: €71 mln TLTRO III benefit, €-343 mln impact Polish mortgage moratorium, €+100 mln from the transfer of our investment business in France, €-31 mln hyperinflation impact
and €-15 mln impairment on our equity stake in TTB
4Q2022: €-315 mln net TLTRO III impact, €+14 mln from the transfer of our investment business in France and €-17 million hyperinflation impact
1Q2023: €-69 million hyperinflation impact
2Q2023: €-6 million hyperinflation impact
2Q2022: €97 mln restructuring costs in RB Belgium and €18 mln in Retail OC&GM and €43 mln hyperinflation impact (o.w. €32 mln impairment)
302022: €75 mln for adding interest-on-interest to compensation for certain Dutch consumer credit products and €10 mln hyperinflation impact
4Q2022: €43 mln restructuring costs, €30 mln energy allowances for employees and €9 mln hyperinflation impact
1Q2023: €4 mln hyperinflation impact
2Q2023: €6 mln hyperinflation impact
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