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