See accounting policy E.

The amounts due to banks increased from € 5,445 million to € 5,550 million as a result of the increase in liability recognised for cash collateral under ISDAs (International Swaps and Derivatives Association) and Client Clearing Agreements (CCA) concluded with counterparties and Repurchase agreements. There is no significant difference between the carrying amount and the fair value of these liabilities (see section 7.7.1.2). The average interest rate for the cash collateral received in 2024 is 3.65% and based on €STR (2023: 3.21%). Additionally the amount decreased because of the sell of Knab and the termination of the unsecured Revolving Credit Facility (RCF).

€ 517 million (2023: € 383 million) of cash on the balance sheet has been borrowed by entering into repurchase agreements. The asset recognised for cash collateral paid on repurchase agreements is presented under other financial assets. The liability recognised for cash collateral received on repurchase agreements is presented under due to banks. The liability related to cash collateral received on derivate instruments is also included in due to banks.

a.s.r.'s unsecured Revolving Credit Facility (RCF) amounts to € 600 million in 2024 (2023: € 600 million). The RCF can be used for multiple purposes including investment purposes, balance sheet management and short-term cash flow management. As per the year - end 2024 the RCF is undrawn and fully available.

An amount of € 5,158 million due to banks (2023: € 4,718 million) is expected to be settled within twelve months after the balance sheet date.