The savings deposits comprise € 1,134 million of savings related to ‘Bankspaarhypotheken’ (2022: nil). The received deposits related to the ‘Bankspaarhypotheken’ are directly invested in a sub participation of the mortgage of the specific client. The sub participation in the mortgages and the related deposits are shown gross in the financial statements as there is no intention to (directly) settle the deposit with the mortgage.

For more detailed information about the fair value valuation of the savings, see chapter 7.7.1.2.

An amount of € 9,925 million (2022: nil) of the savings is expected to be settled within twelve months after the balance sheet date.