17. Gains/(losses) on financial transactions
The net gain/(loss) on financial transactions includes gains and losses arising from disposal of financial instruments designated as financial assets / liabilities measured at fair value through profit or loss and the effect of their measurement at fair value. This item also includes the ineffective portion of cash flow hedges in the case of hedging strategies in which IRS contracts are the hedging instrument, as well as gains and losses on the hedging instrument and hedged item relating to the hedged risk (fair value hedges).
|GAINS/(LOSSES) ON FINANCIAL TRANSACTIONS||2020||2019|
|Financial instruments held for trading, of which:||43||93|
|Financial instruments not held for trading, measured at fair value through profit or loss, of which:||(148)||80|
|Loans and advances to customers||(157)||(58)|
|including the impact of macroeconomic variables on the loan portfolio||48||–|