The table below shows the components of Due to banks.
 Download XLS |
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General (incl. |
|
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|
Banking |
Insurance |
eliminations) |
Total |
|
31 December 2007 |
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Deposits from banks: |
|
|
|
|
|
Demand deposits |
10,243 |
128 |
(128) |
10,243 |
|
Time deposits |
77,537 |
621 |
(621) |
77,537 |
|
Other deposits |
136 |
162 |
|
298 |
|
Total deposits |
87,916 |
911 |
(749) |
88,078 |
|
|
|
|
|
|
|
Repurchase agreements |
69,339 |
424 |
(423) |
69,340 |
|
12,560 |
1,207 |
(1,207) |
12,560 | |
|
Advances against collateral |
21,009 |
1,026 |
(1,000) |
21,035 |
|
Held at fair value through profit or loss |
381 |
|
|
381 |
|
Other |
936 |
525 |
(424) |
1,037 |
|
Total due to banks |
192,141 |
4,093 |
(3,803) |
192,431 |
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31 December 2006 |
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Deposits from banks: |
|
|
|
|
|
Demand deposits |
7,304 |
667 |
(542) |
7,429 |
|
Time deposits |
75,291 |
567 |
(567) |
75,291 |
|
Other deposits |
145 |
55 |
|
200 |
|
Total deposits |
82,740 |
1,289 |
(1,109) |
82,920 |
|
|
|
|
|
|
|
Repurchase agreements |
61,526 |
1,869 |
(1,869) |
61,526 |
|
Securities lending transactions |
19,086 |
1,000 |
(1,000) |
19,086 |
|
Advances against collateral |
12,500 |
2,247 |
(2,200) |
12,547 |
|
Held at fair value through profit or loss |
439 |
|
|
439 |
|
Other |
870 |
128 |
(35) |
963 |
|
Total due to banks |
177,161 |
6,533 |
(6,213) |
177,481 |
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31 December 2005 |
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Deposits from banks: |
|
|
|
|
|
Demand deposits |
6,062 |
927 |
(721) |
6,268 |
|
Time deposits |
69,774 |
|
(6) |
69,768 |
|
Other deposits |
60 |
52 |
(4) |
108 |
|
Total deposits |
75,896 |
979 |
(731) |
76,144 |
|
|
|
|
|
|
|
Repurchase agreements |
73,299 |
1,319 |
(1,319) |
73,299 |
|
Securities lending transactions |
11,537 |
|
|
11,537 |
|
Advances against collateral |
10,000 |
2,365 |
(2,303) |
10,062 |
|
Held at fair value through profit or loss |
1,833 |
|
|
1,833 |
|
Other |
2,215 |
120 |
(27) |
2,308 |
|
Total due to banks |
174,780 |
4,783 |
(4,380) |
175,183 |
The average balance of Due to banks amounted to EUR 196,145 million (2006: EUR 182,824 million; 2005 EUR 171,564 million). The average yield in 2007 was 5.5% (2006: 3.5%; 2005: 2.8%). Non-interest bearing deposits from banks were EUR 241 million in 2007 (2006: EUR 133 million; 2005: EUR 217 million). Fortis has pledged certain assets (i.e. investments and trading assets) for EUR 104,756 million (2006: EUR 82,495 million) against Due to bank outstandings.
In the Merchant & Private Banking segment, Fortis has designated financial liabilities classified in Due to banks held at fair value through profit or loss. In accordance with the Merchant & Private Banking investment strategies, financial assets and financial liabilities, including derivatives, are aggregated in specific portfolios. These portfolios are managed and their performance is measured and reported on a fair value basis.
There is no significant difference between the carrying amount of the Liabilities held at fair value through profit or loss and the nominal value of these liabilities.
Contractual terms of deposit held by banks
Deposits held by banks by year of contractual maturity as at 31 December are as follows:
| Download XLS |
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2007 |
2006 |
2005 |
|
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2006 |
|
|
75,791 |
|
2007 |
|
82,418 |
35 |
|
2008 |
87,555 |
158 |
32 |
|
2009 |
52 |
59 |
23 |
|
2010 |
23 |
14 |
21 |
|
2011 |
19 |
27 |
|
|
2012 |
112 |
|
|
|
Later |
317 |
244 |
242 |
|
Total deposits |
88,078 |
82,920 |
76,144 |
