ING Groep N : Historical Trend Data 1Q2021

ING Historical Trend Data 1Q2021 Introduction

General comments

• The Historical Trend Data document includes quarterly financial trend data and details of restatements. The Historical Trend Data document is published on a quarterly basis.
• In this document consolidated results of ING Group are based on IFRS as adopted by the European Union (IFRS-EU).
• Allocation keys are used to calculate segmental information; e.g. Retail vs. Wholesale Banking and product information. These allocation keys might be refined over time.
• As of 2021, innovation areas at ING have been brought into one dedicated business area called ING Neo, and recorded as part of Corporate Line. Previously these activities were recorded as part of Retail Banking, Wholesale Banking or Corporate Line. Historical figures have not been adjusted.
• Small differences are possible due to rounding.
• All figures are unaudited.

Product segmentation Wholesale Banking
	Product Group	Sub products
•	Lending	Project and Asset-based Finance excluding Trade & Commodity Finance
		Real Estate Finance Corporate Clients
		General Lending
•	Daily Banking & Trade Finance	Transaction Services
		Trade & Commodity Finance
•	Financial Markets	Financial Markets Clients & Products
•	Treasury & Other
WB-part Treasury (Asset & Liability Management and Treasury)
		General Lease and Real Estate run-off portfolios
		General Leasing (non run-off)
		Corporate Finance
		Other

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ING Group Historical Trend Data 1Q2021

Table of contents

1. Profit or loss	2. Balance sheet and other	3. Customer lending/deposits
1.1	Profit or loss: Comparable quarters	2.1	Consolidated Balance sheet: Assets - Comparable quarters	3.1	Customer lending/deposits: 1Q2021 Segment split
1.2	Profit or loss: 1Q2021 Segment split	2.2	Consolidated Balance sheet: Assets - Quarterly overview	3.2	Customer lending/deposits: Quarterly overview
1.3	Profit or loss: Quarterly overview	2.3	Consolidated Balance sheet: Liabilities and Equity -	3.3	Customer lending/deposits: Retail Banking
1.4	Profit or loss: Retail Banking		Comparable quarters	3.4	Customer lending/deposits: Retail Banking Netherlands
1.5	Profit or loss: Retail Banking Benelux	2.4	Consolidated Balance sheet: Liabilities and Equity -	3.5	Customer lending/deposits: Retail Banking Belgium
1.6	Profit or loss: Retail Banking Netherlands		Quarterly overview	3.6	Customer lending/deposits: Retail Banking Germany
1.7	Profit or loss: Retail Banking Belgium	2.5	Total equity: Comparable quarters	3.7	Customer lending/deposits: Retail Banking Other Challengers
1.8	Profit or loss: Retail Banking Challengers & Growth Markets	2.6	Total equity: Quarterly overview		& Growth Markets
1.9	Profit or loss: Retail Banking Germany	2.7	Capital position	3.8	Customer lending/deposits: Wholesale Banking
1.10	Profit or loss: Retail Banking Other Challengers & Growth Markets	2.8	Funding	3.9	Customer lending/deposits: Wholesale Banking - Lending
1.11	Profit or loss: Wholesale Banking	2.9	Investments: ING Group	3.10 Customer lending/deposits: Wholesale Banking -
1.12	Profit or loss: Wholesale Banking - Lending				Daily Banking & Trade Finance
1.13	Profit or loss: Wholesale Banking - Daily Banking & Trade Finance			3.11	Customer lending/deposits: Wholesale Banking -
1.14	Profit or loss: Wholesale Banking - Financial Markets				Financial Markets
1.15	Profit or loss: Wholesale Banking - Treasury & Other			3.12	Customer lending/deposits: Wholesale Banking -
1.16	Profit or loss: Corporate Line				Treasury & Other
1.17	Geographical split: 1Q2021			3.13	Customer lending/deposits: Corporate Line
1.18	Geographical split: Comparable quarters			3.14	Customer lending/deposits: 1Q2021 Geographical split
1.19	Geographical split: Netherlands			3.15	Customer lending/deposits: Geographical Netherlands
1.20	Geographical split: Belgium			3.16	Customer lending/deposits: Geographical Belgium
1.21	Geographical split: Germany			3.17	Customer lending/deposits: Geographical Germany
1.22	Geographical split: Other Challengers			3.18	Customer lending/deposits: Geographical Other Challengers
1.23	Geographical split: Growth Markets			3.19	Customer lending/deposits: Geographical Growth Markets
1.24	Geographical split: Wholesale Banking Rest of World			3.20	Customer lending/deposits: Geographical Wholesale
1.25	Geographical split: Other				Banking Rest of World
					3.21	Customer lending/deposits: Geographical Other

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ING Group Historical Trend Data 1Q2021

ING 1.1 Profit or loss: Comparable quarters

Profit or loss

		ING Group		of which: Retail Banking		of which: Wholesale Banking		of which: Corporate Line
In € million	1Q2021	1Q2020	4Q2020	1Q2021	1Q2020	4Q2020	1Q2021	1Q2020	4Q2020	1Q2021	1Q2020	4Q2020
Profit or loss
Net interest income	3,513	3,501	3,344	2,356	2,461	2,376	1,038	937	945	118	103	24
Net fee and commission income	854	783	771	573	487	516	278	297	255	4	-1	-0
Investment income	39	21	6	31	18	4	8	4	3	0	0	0
Other income	296	205	48	170	195	114	173	33	40	-47	-22	-106
Total income	4,702	4,511	4,169	3,130	3,160	3,009	1,497	1,270	1,242	75	80	-83
Expenses excl. regulatory costs	2,429	2,307	2,583	1,676	1,597	1,704	640	669	746	113	42	134
Regulatory costs1)	587	526	331	440	396	244	148	130	92	0	-0	-5
Operating expenses	3,016	2,833	2,914	2,115	1,992	1,947	787	799	838	113	42	129
Gross result	1,686	1,678	1,255	1,015	1,168	1,062	709	471	405	-39	39	-212
Addition to loan loss provisions	223	661	208	192	285	258	30	373	-50	-0	3	-0
Result before tax	1,463	1,017	1,046	823	883	804	679	98	454	-39	36	-212
Taxation	439	329	304	240	239	243	149	33	110	51	57	-49
Non-controlling interests	18	17	15	16	14	7	2	4	8	-0	-0	-
Net result	1,005	670	727	567	630	554	528	61	335	-89	-20	-162
Key figures
Interest margin	1.46%	1.55%	1.41%
Cost/income ratio	64.1%	62.8%	69.9%	67.6%	63.0%	64.7%	52.6%	62.9%	67.4%	n.a.	n.a.	n.a.
Risk costs in bps of average customer lending	15	42	14	18	26	24	7	80	-12	n.a.	n.a.	n.a.
Return on equity based on IFRS-EU equity	7.8%	5.1%	5.6%
Return on equity based on 12.5% CET1 2)	10.6%	6.6%	7.7%	11.6%	12.0%	11.1%	11.7%	1.3%	7.6%	-109.4%	-25.8%	-203.1%
Risk-weighted assets (end of period)	311,014	335,375	306,324	161,106	174,557	160,045	147,187	158,168	143,775	2,721	2,650	2,503
Employees (internal FTEs, end of period)	57,731	55,452	57,034	43,454	41,771	42,699	13,942	13,676	14,328	335	5	7
Four-quarter rolling average key figures
Interest margin	1.42%	1.54%	1.44%
Cost/income ratio	63.6%	57.0%	63.2%	63.0%	57.2%	61.8%	57.0%	56.3%	59.6%	n.a.	n.a.	n.a.
Return on equity based on IFRS-EU equity	5.4%	8.4%	4.8%
Return on equity based on 12.5% CET1 2)	7.3%	11.0%	6.4%	11.1%	15.9%	11.2%	5.3%	5.9%	2.8%	-115.7%	-12.5%	-95.3%

1. Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes ('DGS') and the (European) single resolution fund ('SRF').
2. After-taxreturn divided by average equity based on 12.5% of RWA (annualised).

Note: As of 2021, innovation areas at ING have been brought into one dedicated business area called ING Neo, and recorded as part of Corporate Line. Previously these activities were recorded as part of Retail Banking, Wholesale Banking or Corporate Line. Historical figures have not been adjusted.

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ING Group Historical Trend Data 1Q2021

ING 1.2 Profit or loss: 1Q2021 Segment split

Profit or loss 1Q2021

			Retail Benelux		Retail Challengers & Growth
		Retail		Markets		Wholesale		Daily Banking &	Financial	Treasury	Corporate
In € million	Total	Banking	Netherlands	Belgium	Germany	Other	Banking	Lending	Trade Finance	Markets	& Other	Line
Balance sheet related interest	3,513	2,399	849	470	373	707	1,071	678	176	122	94	43
Capital charge on book equity	-	-14	2	-5	11	-21	-7	-0	1	-7	-1	21
Interest benefit on total capital	-	-28	-8	-7	-5	-8	-26	-16	-4	-4	-1	54
Net interest income	3,513	2,356	842	457	378	679	1,038	662	173	111	92	118
Net fee and commission income	854	573	173	121	148	130	278	107	129	44	-1	4
Investment income	3	2	-	2	-0	0	1	-	-	-0	1	0
Realised gains and fair value changes on investments	36	29	23	-0	6	-1	7	-	-	-	7	-
Total investment income	39	31	23	2	6	-0	8	-	-	-0	8	0
Valuation result and net trading income	240	118	29	51	13	26	170	6	16	146	2	-47
Other income	56	52	18	11	2	22	3	2	-4	-2	7	-0
Total other income	296	170	47	62	15	47	173	8	12	144	9	-47
Total income	4,702	3,130	1,086	642	548	855	1,497	777	314	299	107	75
Expenses excl. regulatory costs	2,429	1,676	537	358	256	524	640	217	181	183	59	113
Regulatory costs1)	587	440	114	209	33	84	148	54	39	38	17	0
Operating expenses	3,016	2,115	651	567	289	608	787	271	220	220	77	113
Gross result	1,686	1,015	435	74	259	247	709	507	94	79	30	-39
Addition to loan loss provisions	223	192	-10	117	3	82	30	29	5	-2	-2	-0
Result before tax	1,463	823	445	-43	255	165	679	478	89	80	32	-39
Taxation	439	240	117	-9	86	45	149	129	23	22	-24	51
Non-controlling interests	18	16	-	0	1	15	2	2	1	1	-2	-0
Net result	1,005	567	329	-34	168	104	528	347	65	57	58	-89
Key figures
Interest margin	1.46%
Cost/income ratio	64.1%	67.6%	59.9%	88.4%	52.8%	71.1%	52.6%	34.8%	70.0%	73.7%	71.9%	n.a.
Risk costs in bps of average customer lending	15	18	-3	52	1	33	7	8	7	-11	-13	n.a.
Return on equity based on IFRS-EU equity	7.8%
Return on equity based on 12.5% CET1 2)	10.6%	11.6%	25.0%	-2.7%	18.3%	7.9%	11.7%	12.4%	9.1%	7.6%	24.8%	-109.4%
Risk-weighted assets (end of period)	311,014	161,106	41,892	40,729	29,830	48,654	147,187	91,253	23,673	24,693	7,569	2,721
Employees (internal FTEs, end of period)	57,731	43,454	10,184	7,961	5,911	19,397	13,942					335
Four-quarter rolling average key figures
Interest margin	1.42%
Cost/income ratio	63.6%	63.0%	52.5%	72.1%	51.8%	77.8%	57.0%	32.4%	70.7%	67.0%	227.5%	n.a.
Return on equity based on IFRS-EU equity	5.4%
Return on equity based on 12.5% CET1 2)	7.3%	11.1%	26.3%	2.1%	17.1%	1.2%	5.3%	6.6%	7.8%	8.8%	-27.3%	-115.7%

1. Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes ('DGS') and the (European) single resolution fund ('SRF').
2. After-taxreturn divided by average equity based on 12.5% of RWA (annualised).

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ING Group Historical Trend Data 1Q2021

ING 1.3 Profit or loss: Quarterly overview

Profit or loss

In € million	4Q2021	3Q2021	2Q2021	1Q2021	4Q2020	3Q2020	2Q2020	1Q2020
Interest income				5,354	5,262	5,377	5,723	6,335
Minus: interest expense				1,841	1,918	2,048	2,294	2,834
Net interest income				3,513	3,344	3,329	3,430	3,501
Net fee and commission income				854	771	734	723	783
Investment income				3	3	98	4	1
Realised gains and fair value changes on investments				36	3	5	15	20
Total investment income				39	6	103	19	21
Valuation result and net trading income				240	85	311	437	-1
Other income				56	-37	-191	62	206
Total other income				296	48	120	499	205
Total income				4,702	4,169	4,286	4,671	4,511
Staff expenses				1,465	1,461	1,429	1,458	1,465
Regulatory costs1)				587	331	111	137	526
Other expenses				964	1,123	1,073	1,198	842
Operating expenses				3,016	2,914	2,613	2,793	2,833
Gross result				1,686	1,255	1,673	1,878	1,678
Addition to loan loss provisions				223	208	469	1,336	661
Result before tax				1,463	1,046	1,204	542	1,017
Taxation				439	304	389	224	329
Non-controlling interests				18	15	27	19	17
Net result				1,005	727	788	299	670
Key figures
Interest margin				1.46%	1.41%	1.38%	1.44%	1.51%
Cost/income ratio				64.1%	69.9%	61.0%	59.8%	62.8%
Risk costs in bps of average customer lending				15	14	30	85	42
Return on equity based on IFRS-EU equity				7.8%	5.6%	6.0%	2.3%	5.1%
Return on equity based on 12.5% CET1 2)				10.6%	7.7%	8.2%	3.1%	6.6%
Risk-weighted assets (end of period)				311,014	306,324	312,307	322,234	335,375
Employees (internal FTEs, end of period)				57,731	57,034	56,492	55,772	55,452
Four-quarter rolling average key figures
interest margin				1.42%	1.44%	1.48%	1.52%	1.54%
Cost/income ratio				63.6%	63.2%	60.9%	58.9%	57.0%
Return on equity based on IFRS-EU equity				5.4%	4.8%	5.1%	6.1%	8.4%
Return on equity based on 12.5% CET1 2)				7.3%	6.4%	6.7%	8.1%	11.0%

1. Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes ('DGS') and the (European) single resolution fund ('SRF').
2. After-taxreturn divided by average equity based on 12.5% of RWA (annualised).

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ING Group Historical Trend Data 1Q2021