Assets and Liabilities


As of June 30, 2010, total assets were € 1,926 billion. The increase of € 425 billion, or 28 %, compared to December 31, 2009, was primarily driven by positive market values from derivative financial instruments, foreign exchange effects, brokerage and securities related receivables as well as the consolidation of Sal. Oppenheim Group and parts of ABN AMRO’s commercial banking activities in the Netherlands. Total liabilities were up by € 420 billion to € 1,883 billion.

The shift in foreign exchange rates and in particular between the U.S. dollar and the euro contributed more than one third to the overall increase of our balance sheet during the first half year of 2010.

Positive and negative market values from derivative financial instruments were up by € 206 billion and € 210 billion, respectively, predominantly driven by decreasing longer term interest rates. Brokerage and securities related receivables and payables were up € 64 billion and € 54 billion, respectively, compared to December 31, 2009, as volumes increased from traditionally lower year end levels.

Trading assets and trading liabilities were higher by € 38 billion and € 8 billion, respectively. Financial positions designated at fair value through profit or loss were up € 32 billion in assets and up € 51 billion in liabilities, both mainly from securities purchased under resale agreements and securities sold under repurchase agreements respectively.

Interest earning deposits with banks were up € 19 billion versus December 31, 2009. Loans increased € 30 billion to € 288 billion, partly due to foreign exchange effects as well as the above mentioned consolidations. Deposits were up € 68 billion, also driven by the consolidations as well as by an increase of deposits from banks in CB&S. Long-term debt was € 147 billion as of June 30, 2010, up € 15 billion compared to December 31, 2009.