15 Results from financial transactions
Results from financial transactions show a loss of EUR 32 million during first half of 2020. The loss is mainly driven by valuation of derivatives due to market volatility on the financial markets. The loss in fair values of loans reflects the effects of COVID - 19 outbreak.
June 30, 2020 | June 30, 2019 | |
Result on valuation of hedged items | -92,383 | -70,294 |
Result on valuation of hedging instruments | 90,836 | 70,314 |
Result on hedge accounting | -1,547 | 20 |
Result on sale and valuation of derivatives not under hedge accounting | -25,254 | -4,255 |
Result on sale and valuation of embedded derivatives related to asset portfolio | -1,959 | 1,444 |
Result on sale and valuation of loans at FVPL | -9,791 | 4,479 |
Result on financial instruments mandatory at FVPL | -37,004 | 1,668 |
Foreign exchange results | 10,519 | 3,089 |
Other | -49 | 702 |
Total result from financial transactions | -28,081 | 5,479 |