Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 147

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 5
Chunk 147
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 accounting' in the consolidated financial statements.

ING Group Consolidated Cash Flows                                                                                       
cash and cash equivalents                                                                                               
in EUR million                                                                      2024            2023            2022
Treasury bills and other eligible bills included in securities at AC              37               0               1    
Deposits from banks                                                           -6,303          -5,132          -6,172    
Loans and advances to banks                                                    4,982           7,931          13,948    
Cash and balances with central banks                                          70,353          90,214          87,614    
Cash and cash equivalents at end of year                                      69,069          93,012          95,391    
Year ended 31 December 2024 compared to year ended 31 December 2023
Net cash flow from operating activities amounts to EUR -22,544 million for the year-end 2024, compared to EUR -11,340 million for the year-end 2023. The decrease in cash flow from operating activities of EUR 

-11,204 million in 2024 is explained by higher cash outflows for trading assets and liabilities (EUR -9,400 million), assets and liabilities mandatorily and designated at fair value through profit or loss (EUR -4,515 million), other assets and liabilities (EUR -4,326 million), non-trading derivatives (EUR -2,463 million) and is partly offset by higher cash inflows from loans and deposits to/from customers (EUR 3,992 million), loans and deposits to/from banks (EUR 3,558 million) and higher result before tax, after adjustment for non cash items (EUR 2,224 million) .
Net cash flow from investing activities amounts to EUR -6,033 million for the year-end 2024 compared to EUR -8,545 million in 2023. The net cash flow from investing activities increased by EUR 2,511 million and is explained by a net increase from Financial assets at fair value through OCI of EUR 3,939 million and net decrease from Securities at amortised costs of EUR -1,231 million.
Net cash flow from financing activities amounts to EUR 5,374 million in 2024, compared to EUR 18,404 million in 2023. The decrease of EUR -13,030 million is explained by a net decrease of EUR -14,175 million of debt securities and higher dividend paid of EUR -911 million partly offset by a net