23 Cash, cash equivalents and time deposits
| (XLS:)  Download | 
| € million | Dec. 31, 2019 | Dec. 31, 2018 | ||
|---|---|---|---|---|
| 
 | 
 | 
 | ||
| Bank balances | 25,264 | 28,522 | ||
| Checks, cash-in-hand, bills and call deposits | 659 | 416 | ||
| 
 | 25,923 | 28,938 | 
Bank balances are held at various banks in different currencies and include time deposits, for example.