ING Groep N : Historical Trend Data 3Q2022

ING Historical Trend Data 3Q2022 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.
• 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 3Q2022

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: 3Q2022 Segment split
1.2	Profit or loss: 3Q2022 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: 3Q2022					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: 3Q2022 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 3Q2022

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	3Q2022	3Q2021	2Q2022	3Q2022	3Q2021	2Q2022	3Q2022	3Q2021	2Q2022	3Q2022	3Q2021	2Q2022
Profit or loss
Net interest income	3,332	3,388	3,465	2,059	2,312	2,240	1,124	1,042	1,078	149	34	147
Net fee and commission income	876	882	888	583	586	610	295	295	280	-1	1	-2
Investment income	111	74	31	112	71	22	-1	3	7	0	0	2
Other income	93	304	297	23	183	240	138	124	367	-68	-3	-309
Total income	4,412	4,648	4,682	2,777	3,152	3,112	1,556	1,463	1,732	79	32	-162
Expenses excl. regulatory costs	2,533	2,565	2,524	1,695	1,733	1,685	708	700	694	130	131	146
Regulatory costs1)	96	121	214	85	113	199	10	7	15	1	0	0
Operating expenses	2,629	2,685	2,738	1,781	1,847	1,883	718	707	708	130	131	146
Gross result	1,783	1,962	1,944	996	1,305	1,228	838	756	1,024	-51	-99	-308
Addition to loan loss provisions	403	39	202	274	20	113	128	19	88	1	0	-0
Result before tax	1,380	1,924	1,743	722	1,286	1,115	710	737	935	-52	-99	-308
Taxation	427	521	530	180	279	303	185	197	201	61	45	27
Non-controlling interests	-26	35	34	-48	28	24	22	7	10	1	0	0
Net result	979	1,367	1,178	590	979	788	503	533	724	-113	-144	-335
Key figures
Interest margin	1.28%	1.38%	1.36%
Cost/income ratio	59.6%	57.8%	58.5%	64.1%	58.6%	60.5%	46.1%	48.3%	40.9%	n.a.	n.a.	n.a.
Risk costs in bps of average customer lending	25	3	13	24	2	10	27	4	19	n.a.	n.a.	n.a.
Return on equity based on IFRS-EU equity	7.7%	10.4%	9.2%
Return on equity based on 12.5% CET1 2)	9.0%	14.5%	11.6%	10.7%	19.7%	15.8%	10.1%	12.1%	14.2%	-43.6%	-151.4%	-190.3%
Risk-weighted assets (end of period)	338,561	310,528	335,898	164,286	162,464	160,591	166,347	144,968	166,674	7,928	3,096	8,634
Employees (internal FTEs, end of period)	58,216	57,679	57,402	43,553	43,259	42,901	14,348	14,058	14,169	315	363	331
Four-quarter rolling average key figures
Interest margin	1.35%	1.40%	1.37%
Cost/income ratio	61.5%	61.9%	61.0%	63.9%	62.3%	62.5%	47.1%	53.5%	47.7%	n.a.	n.a.	n.a.
Return on equity based on IFRS-EU equity	6.8%	8.8%	7.5%
Return on equity based on 12.5% CET1 2)	8.9%	12.1%	10.2%	13.5%	14.9%	15.7%	7.4%	11.6%	7.8%	-96.4%	-129.6%	-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 3Q2022

ING 1.2 Profit or loss: 3Q2022 Segment split

Profit or loss 3Q2022

			Retail Benelux		Retail Challengers & Growth
		Retail		Markets		Wholesale	Corporate
In € million	Total	Banking	Netherlands	Belgium	Germany	Other	Banking	Line
Balance sheet related interest	3,332	2,219	770	462	450	537	1,277	-164
Capital charge on book equity	-	-79	0	2	2	-83	-69	148
Interest benefit on total capital	-	-81	-26	-18	-15	-21	-84	165
Net interest income	3,332	2,059	745	445	437	433	1,124	149
Net fee and commission income	876	583	235	118	99	131	295	-1
Investment income	114	114	4	0	-1	111	-0	0
Realised gains and fair value changes on investments	-3	-2	-2	-0	-	-0	-1	-0
Total investment income	111	112	2	-0	-1	111	-1	0
Valuation result and net trading income	-19	-142	49	-234	-20	62	136	-13
Other income	111	165	10	6	1	148	2	-56
Total other income	93	23	59	-227	-19	210	138	-68
Total income	4,412	2,777	1,041	335	516	885	1,556	79
Expenses excl. regulatory costs	2,533	1,695	531	365	256	543	708	130
Regulatory costs1)	96	85	28	-1	-4	62	10	1
Operating expenses	2,629	1,781	559	364	253	605	718	130
Gross result	1,783	996	482	-29	263	280	838	-51
Addition to loan loss provisions	403	274	45	93	43	94	128	1
Result before tax	1,380	722	437	-122	220	187	710	-52
Taxation	427	180	119	-27	40	49	185	61
Non-controlling interests	-26	-48	-	0	1	-49	22	1
Net result	979	590	319	-95	180	186	503	-113
Key figures
Interest margin	1.28%
Cost/income ratio	59.6%	64.1%	53.7%	108.6%	49.0%	68.3%	46.1%	n.a.
Risk costs in bps of average customer lending	25	24	12	41	17	34	27	n.a.
Return on equity based on IFRS-EU equity	7.7%
Return on equity based on 12.5% CET1 2)	9.0%	10.7%	20.5%	-8.6%	19.6%	9.2%	10.1%	-43.6%
Risk-weighted assets (end of period)	338,561	164,286	51,589	35,166	29,739	47,792	166,347	7,928
Employees (internal FTEs, end of period)	58,216	43,553	10,953	7,647	5,790	19,164	14,348	315
Four-quarter rolling average key figures
Interest margin	1.35%
Cost/income ratio	61.5%	63.9%	49.8%	84.1%	55.0%	73.8%	47.1%	n.a.
Return on equity based on IFRS-EU equity	6.8%
Return on equity based on 12.5% CET1 2)	8.9%	13.5%	24.9%	2.4%	18.0%	7.2%	7.4%	-96.4%

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 3Q2022

ING 1.3 Profit or loss: Quarterly overview

Profit or loss

In € million	4Q2022	3Q2022	2Q2022	1Q2022	4Q2021	3Q2021	2Q2021	1Q2021	9M2022	9M2021
Interest income		7,315	6,368	5,454	5,236	5,156	5,368	5,354	19,138	15,878
Minus: interest expense		3,983	2,903	2,040	1,862	1,768	2,028	1,841	8,926	5,637
Net interest income		3,332	3,465	3,415	3,374	3,388	3,340	3,513	10,212	10,241
Net fee and commission income		876	888	933	925	882	855	854	2,698	2,592
Investment income		114	23	4	11	68	12	3	141	82
Realised gains and fair value changes on investments		-3	8	26	4	6	-2	36	31	40
Total investment income		111	31	29	15	74	10	39	171	123
Valuation result and net trading income		-19	478	341	219	204	184	240	800	628
Other income		111	-181	-119	91	100	128	56	-188	283
Total other income		93	297	222	310	304	312	296	612	911
Total income		4,412	4,682	4,600	4,624	4,648	4,517	4,702	13,694	13,866
Staff expenses		1,542	1,524	1,453	1,531	1,471	1,474	1,465	4,519	4,410
Regulatory costs1)		96	214	649	385	121	172	587	958	880
Other expenses		991	1,000	843	1,031	1,093	898	964	2,834	2,955
Operating expenses		2,629	2,738	2,945	2,947	2,685	2,543	3,016	8,311	8,245
Gross result		1,783	1,944	1,655	1,677	1,962	1,973	1,686	5,382	5,621
Addition to loan loss provisions		403	202	987	346	39	-91	223	1,592	170
Result before tax		1,380	1,743	668	1,331	1,924	2,065	1,463	3,791	5,452
Taxation		427	530	194	351	521	566	439	1,151	1,526
Non-controlling interests		-26	34	46	35	35	40	18	54	94
Net result		979	1,178	429	945	1,367	1,459	1,005	2,586	3,832
Key figures
Interest margin		1.28%	1.36%	1.37%	1.37%	1.38%	1.36%	1.46%	1.34%	1.40%
Cost/income ratio		59.6%	58.5%	64.0%	63.7%	57.8%	56.3%	64.1%	60.7%	59.5%
Risk costs in bps of average customer lending		25	13	62	22	3	-6	15	33	4
Return on equity based on IFRS-EU equity		7.7%	9.2%	3.3%	7.2%	10.4%	11.2%	7.8%	6.7%	9.8%
Return on equity based on 12.5% CET1 2)		9.0%	11.6%	4.7%	10.1%	14.5%	15.5%	10.6%	8.5%	13.5%
Risk-weighted assets (end of period)		338,561	335,898	334,905	313,064	310,528	308,581	311,014	338,561	310,528
Employees (internal FTEs, end of period)		58,216	57,402	57,048	57,090	57,679	57,896	57,731	58,216	57,679
Four-quarter rolling average key figures
interest margin		1.35%	1.37%	1.37%	1.39%	1.40%	1.40%	1.42%
Cost/income ratio		61.5%	61.0%	60.5%	60.5%	61.9%	62.7%	63.6%
Return on equity based on IFRS-EU equity		6.8%	7.5%	8.0%	9.2%	8.8%	7.7%	5.4%
Return on equity based on 12.5% CET1 2)		8.9%	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 3Q2022