ING Groep N : Historical Trend Data 2Q2022 (PDF 0,7 MB)

ING Historical Trend Data 2Q2022 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.
• Hyperinflation accounting (IAS 29) has become applicable for ING's subsidiary in Turkey since 2Q2022 with restrospective application from 1 January 2022. ING Group
  N.V., as a non-hyperinflationary parent presenting its consolidated financial statements in euro, did not restate comparative periods. The impact of IAS 29 is reported in Corporate Line.
• As from 2Q2022, Wholesale Banking changed its presentation of financials for the four Wholesale Banking product groups. Focus of the financials of the product groups is on income, risk-weighted assets and customer lending/deposits instead of the full P&L.

•	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

Unaudited

ING Group Historical Trend Data 2Q2022

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: Total assets -	3.1	Customer lending/deposits: 2Q2022 Segment split
1.2	Profit or loss: 2Q2022 Segment split		Comparable quarters	3.2	Customer lending/deposits: Quarterly overview
1.3	Profit or loss: Quarterly overview	2.2	Consolidated Balance Sheet: Total assets -	3.3	Customer lending/deposits: Retail Banking
1.4	Profit or loss: Retail Banking		Quarterly overview	3.4	Customer lending/deposits: Retail Banking Netherlands
1.5	Profit or loss: Retail Banking Benelux	2.3	Consolidated Balance Sheet: Total liabilities and equity -	3.5	Customer lending/deposits: Retail Banking Belgium
1.6	Profit or loss: Retail Banking Netherlands		Comparable quarters	3.6	Customer lending/deposits: Retail Banking Germany
1.7	Profit or loss: Retail Banking Belgium	2.4	Consolidated Balance Sheet: Total liabilities and equity -	3.7	Customer lending/deposits: Retail Banking Other Challengers
1.8	Profit or loss: Retail Banking Challengers & Growth Markets		Quarterly overview			& Growth Markets
1.9	Profit or loss: Retail Banking Germany	2.5	Total equity: Comparable quarters	3.8	Customer lending/deposits: Wholesale Banking
1.10	Profit or loss: Retail Banking Other Challengers & Growth Markets	2.6	Total equity: Quarterly overview	3.9	Customer lending/deposits: Wholesale Banking - Lending
1.11	Profit or loss: Wholesale Banking	2.7	Capital position	3.10	Customer lending/deposits: Wholesale Banking -
1.12	Wholesale Banking income by product	2.8	Funding			Daily Banking & Trade Finance
1.13	Profit or loss: Corporate Line	2.9	Investments: ING Group	3.11	Customer lending/deposits: Wholesale Banking -
1.14	Geographical split: 2Q2022					Financial Markets
1.15	Geographical split: Comparable quarters			3.12	Customer lending/deposits: Wholesale Banking -
1.16	Geographical split: Netherlands					Treasury & Other
1.17	Geographical split: Belgium			3.13	Customer lending/deposits: Corporate Line
1.18	Geographical split: Germany			3.14	Customer lending/deposits: 2Q2022 Geographical split
1.19	Geographical split: Other Challengers			3.15	Customer lending/deposits: Geographical Netherlands
1.20	Geographical split: Growth Markets			3.16	Customer lending/deposits: Geographical Belgium
1.21	Geographical split: Wholesale Banking Rest of World			3.17	Customer lending/deposits: Geographical Germany
1.22	Geographical split: Other			3.18	Customer lending/deposits: Geographical Other Challengers
					3.19	Customer lending/deposits: Geographical Growth Markets
					3.20	Customer lending/deposits: Geographical Wholesale
							Banking Rest of World
					3.21	Customer lending/deposits: Geographical Other

Unaudited

ING Group Historical Trend Data 2Q2022

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	2Q2022	2Q2021	1Q2022	2Q2022	2Q2021	1Q2022	2Q2022	2Q2021	1Q2022	2Q2022	2Q2021	1Q2022
Profit or loss
Net interest income	3,465	3,340	3,415	2,240	2,277	2,274	1,078	1,006	1,061	147	56	80
Net fee and commission income	888	855	933	610	553	609	280	302	324	-2	0	0
Investment income	31	10	29	22	7	24	7	2	6	2	0	0
Other income	297	312	222	240	175	143	367	84	139	-309	52	-60
Total income	4,682	4,517	4,600	3,112	3,013	3,049	1,732	1,394	1,530	-162	109	21
Expenses excl. regulatory costs	2,524	2,372	2,296	1,685	1,593	1,539	694	656	644	146	123	113
Regulatory costs1)	214	172	649	199	163	478	15	9	171	0	-0	-0
Operating expenses	2,738	2,543	2,945	1,883	1,756	2,017	708	665	815	146	123	113
Gross result	1,944	1,973	1,655	1,228	1,258	1,032	1,024	730	715	-308	-14	-92
Addition to loan loss provisions	202	-91	987	113	58	48	88	-149	939	-0	-0	-0
Result before tax	1,743	2,065	668	1,115	1,200	984	935	879	-224	-308	-14	-92
Taxation	530	566	194	303	321	270	201	206	-13	27	38	-63
Non-controlling interests	34	40	46	24	32	37	10	8	9	0	0	0
Net result	1,178	1,459	429	788	847	677	724	664	-220	-335	-53	-29
Key figures
Interest margin	1.36%	1.36%	1.37%
Cost/income ratio	58.5%	56.3%	64.0%	60.5%	58.3%	66.1%	40.9%	47.7%	53.3%	n.a.	n.a.	n.a.
Risk costs in bps of average customer lending	13	-6	62	10	5	4	19	-33	205	n.a.	n.a.	n.a.
Return on equity based on IFRS-EU equity	9.2%	11.2%	3.3%
Return on equity based on 12.5% CET1 2)	11.6%	15.5%	4.7%	15.8%	17.3%	13.9%	14.2%	14.9%	-4.3%	-190.3%	-58.9%	-31.8%
Risk-weighted assets (end of period)	335,898	308,581	334,905	160,591	164,552	168,395	166,674	141,044	163,897	8,634	2,985	2,613
Employees (internal FTEs, end of period)	57,402	57,896	57,048	42,901	43,588	42,690	14,169	13,904	14,029	331	404	329
Four-quarter rolling average key figures
Interest margin	1.37%	1.40%	1.37%
Cost/income ratio	61.0%	62.7%	60.5%	62.5%	63.5%	61.9%	47.7%	53.4%	49.6%	n.a.	n.a.	n.a.
Return on equity based on IFRS-EU equity	7.5%	7.7%	8.0%
Return on equity based on 12.5% CET1 2)	10.2%	10.5%	11.1%	15.7%	12.6%	16.1%	7.8%	10.7%	7.7%	-137.6%	-129.6%	-93.8%

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).

Unaudited

ING Group Historical Trend Data 2Q2022

ING 1.2 Profit or loss: 2Q2022 Segment split

Profit or loss 2Q2022

			Retail Benelux		Retail Challengers & Growth
		Retail		Markets		Wholesale	Corporate
In € million	Total	Banking	Netherlands	Belgium	Germany	Other	Banking	Line
Balance sheet related interest	3,465	2,341	739	420	351	831	1,171	-47
Capital charge on book equity	-	-44	1	8	10	-63	-35	79
Interest benefit on total capital	-0	-58	-19	-14	-10	-15	-58	115
Net interest income	3,465	2,240	721	415	351	754	1,078	147
Net fee and commission income	888	610	224	133	113	140	280	-2
Investment income	23	15	14	0	-0	2	6	2
Realised gains and fair value changes on investments	8	6	2	-0	1	4	1	-0
Total investment income	31	22	16	-0	1	5	7	2
Valuation result and net trading income	478	168	74	25	35	33	375	-64
Other income	-181	72	21	19	2	31	-8	-245
Total other income	297	240	95	44	37	64	367	-309
Total income	4,682	3,112	1,056	591	502	963	1,732	-162
Expenses excl. regulatory costs	2,524	1,685	432	455	265	533	694	146
Regulatory costs1)	214	199	34	-4	27	142	15	0
Operating expenses	2,738	1,883	466	450	291	675	708	146
Gross result	1,944	1,228	590	140	210	288	1,024	-308
Addition to loan loss provisions	202	113	11	28	13	61	88	-0
Result before tax	1,743	1,115	579	113	197	227	935	-308
Taxation	530	303	161	34	41	67	201	27
Non-controlling interests	34	24	-	0	1	23	10	0
Net result	1,178	788	418	79	155	136	724	-335
Key figures
Interest margin	1.36%
Cost/income ratio	58.5%	60.5%	44.1%	76.2%	58.1%	70.1%	40.9%	n.a.
Risk costs in bps of average customer lending	13	10	3	12	5	22	19	n.a.
Return on equity based on IFRS-EU equity	9.2%
Return on equity based on 12.5% CET1 2)	11.6%	15.8%	26.6%	6.8%	17.2%	10.6%	14.2%	-190.3%
Risk-weighted assets (end of period)	335,898	160,591	48,185	35,096	29,194	48,116	166,674	8,634
Employees (internal FTEs, end of period)	57,402	42,901	10,230	7,797	5,795	19,079	14,169	331
Four-quarter rolling average key figures
Interest margin	1.37%
Cost/income ratio	61.0%	62.5%	52.4%	72.7%	57.5%	70.2%	47.7%	n.a.
Return on equity based on IFRS-EU equity	7.5%
Return on equity based on 12.5% CET1 2)	10.2%	15.7%	25.9%	9.4%	16.1%	9.8%	7.8%	-137.6%

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).

Unaudited

ING Group Historical Trend Data 2Q2022

ING 1.3 Profit or loss: Quarterly overview

Profit or loss

In € million	4Q2022	3Q2022	2Q2022	1Q2022	4Q2021	3Q2021	2Q2021	1Q2021	6M2022	6M2021
Interest income			6,368	5,454	5,236	5,156	5,368	5,354	11,822	10,722
Minus: interest expense			2,903	2,040	1,862	1,768	2,028	1,841	4,942	3,869
Net interest income			3,465	3,415	3,374	3,388	3,340	3,513	6,880	6,853
Net fee and commission income			888	933	925	882	855	854	1,822	1,710
Investment income			23	4	11	68	12	3	27	15
Realised gains and fair value changes on investments			8	26	4	6	-2	36	34	34
Total investment income			31	29	15	74	10	39	60	49
Valuation result and net trading income			478	341	219	204	184	240	819	424
Other income			-181	-119	91	100	128	56	-300	184
Total other income			297	222	310	304	312	296	519	608
Total income			4,682	4,600	4,624	4,648	4,517	4,702	9,282	9,219
Staff expenses			1,524	1,453	1,531	1,471	1,474	1,465	2,976	2,938
Regulatory costs1)			214	649	385	121	172	587	863	759
Other expenses			1,000	843	1,031	1,093	898	964	1,843	1,862
Operating expenses			2,738	2,945	2,947	2,685	2,543	3,016	5,682	5,560
Gross result			1,944	1,655	1,677	1,962	1,973	1,686	3,599	3,659
Addition to loan loss provisions			202	987	346	39	-91	223	1,189	131
Result before tax			1,743	668	1,331	1,924	2,065	1,463	2,411	3,528
Taxation			530	194	351	521	566	439	724	1,005
Non-controlling interests			34	46	35	35	40	18	80	59
Net result			1,178	429	945	1,367	1,459	1,005	1,606	2,464
Key figures
Interest margin			1.36%	1.37%	1.37%	1.38%	1.36%	1.46%	1.37%	1.41%
Cost/income ratio			58.5%	64.0%	63.7%	57.8%	56.3%	64.1%	61.2%	60.3%
Risk costs in bps of average customer lending			13	62	22	3	-6	15	37	4
Return on equity based on IFRS-EU equity			9.2%	3.3%	7.2%	10.4%	11.2%	7.8%	6.2%	9.5%
Return on equity based on 12.5% CET1 2)			11.6%	4.7%	10.1%	14.5%	15.5%	10.6%	8.2%	13.1%
Risk-weighted assets (end of period)			335,898	334,905	313,064	310,528	308,581	311,014	335,898	308,581
Employees (internal FTEs, end of period)			57,402	57,048	57,090	57,679	57,896	57,731	57,402	57,896
Four-quarter rolling average key figures
interest margin			1.37%	1.37%	1.39%	1.40%	1.40%	1.42%
Cost/income ratio			61.0%	60.5%	60.5%	61.9%	62.7%	63.6%
Return on equity based on IFRS-EU equity			7.5%	8.0%	9.2%	8.8%	7.7%	5.4%
Return on equity based on 12.5% CET1 2)			10.2%	11.1%	12.7%	12.1%	10.5%	7.3%

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).

Unaudited

ING Group Historical Trend Data 2Q2022