ING hit by €92m XVA loss

Abdool Fawzee Bhollah
Louie Woodall
08 May 2020

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The trading unit of Dutch lender ING lost €78 million ($85 million) in the first quarter, as a surge in derivatives valuation adjustment (XVA) costs more than offset higher profits from client market-making.

The Financial Markets (FM) division disclosed €92 million of XVA costs, €18 million more than in Q4 2019 and 59% higher than the year-ago quarter. ING said these reflected funding valuation adjustments (FVA), mark-to-market changes to derivatives prices and other fair value adjustments.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]