ING Historical Trend Data 4Q2020 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.
• 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
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 |
1.2 | Profit or loss: 4Q2020 Segment split | 2.2 | Consolidated Balance sheet: Assets - Quarterly overview |
1.3 | Profit or loss: Quarterly overview | 2.3 | Consolidated Balance sheet: Liabilities and Equity - |
1.4 | Profit or loss: Retail Banking | Comparable quarters | |
1.5 | Profit or loss: Retail Banking Benelux | 2.4 | Consolidated Balance sheet: Liabilities and Equity - |
1.6 | Profit or loss: Retail Banking Netherlands | Quarterly overview | |
1.7 | Profit or loss: Retail Banking Belgium | 2.5 | Total equity: Comparable quarters |
1.8 | Profit or loss: Retail Banking Challengers & Growth Markets | 2.6 | Total equity: Quarterly overview |
1.9 | Profit or loss: Retail Banking Germany | 2.7 | Capital position |
2.8 | Funding | ||
2.9 | Investments: ING Group |
1.10 Profit or loss: Retail Banking Other Challengers & Growth Markets
1.11 Profit or loss: Wholesale Banking
1.12 Profit or loss: Wholesale Banking - Lending
1.13 Profit or loss: Wholesale Banking - Daily Banking & Trade Finance
1.14 Profit or loss: Wholesale Banking - Financial Markets
1.15 Profit or loss: Wholesale Banking - Treasury & Other
1.16 Profit or loss: Corporate Line
1.17 Geographical split: 4Q2020
1.18 Geographical split: Comparable quarters
1.19 Geographical split: Netherlands
1.20 Geographical split: Belgium
1.21 Geographical split: Germany
1.22 Geographical split: Other Challengers
1.23 Geographical split: Growth Markets
1.24 Geographical split: Wholesale Banking Rest of World
1.25 Geographical split: Other
3.1 Customer lending/deposits: 4Q2020 Segment split
3.2 Customer lending/deposits: Quartery overview
3.3 Customer lending/deposits: Retail Banking
3.4 Customer lending/deposits: Retail Banking Netherlands
3.5 Customer lending/deposits: Retail Banking Belgium
3.6 Customer lending/deposits: Retail Banking Germany
3.7 Customer lending/deposits: Retail Banking Other Challengers & Growth Markets
3.8 Customer lending/deposits: Wholesale Banking
3.9 Customer lending/deposits: Wholesale Banking - Lending
3.10 Customer lending/deposits: Wholesale Banking -
Daily Banking & Trade Finance
3.11 Customer lending/deposits: Wholesale Banking - Financial Markets
3.12 Customer lending/deposits: Wholesale Banking - Treasury & Other
3.13 Customer lending/deposits: Corporate Line
3.14 Customer lending/deposits: 4Q2020 Geographical split
3.15 Customer lending/deposits: Geographical Netherlands
3.16 Customer lending/deposits: Geographical Belgium
3.17 Customer lending/deposits: Geographical Germany
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
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 | 4Q2020 | 4Q2019 | 3Q2020 | 4Q2020 | 4Q2019 | 3Q2020 | 4Q2020 | 4Q2019 | 3Q2020 | 4Q2020 | 4Q2019 | |
Profit or loss | ||||||||||||
Net interest income | 3,344 | 3,597 | 3,329 | 2,376 | 2,462 | 2,405 | 945 | 1,025 | 909 | 24 | 109 | |
Net fee and commission income | 771 | 735 | 734 | 516 | 432 | 479 | 255 | 303 | 253 | -0 | -0 | |
Investment income | 6 | 26 | 103 | 4 | 25 | 102 | 3 | -5 | 2 | 0 | 7 | |
Other income | 48 | 81 | 120 | 114 | 128 | -52 | 40 | -2 | 210 | -106 | -45 | |
Total income | 4,169 | 4,439 | 4,286 | 3,009 | 3,047 | 2,934 | 1,242 | 1,322 | 1,374 | -83 | 71 | |
Expenses excl. regulatory costs | 2,583 | 2,372 | 2,502 | 1,704 | 1,617 | 1,763 | 746 | 689 | 644 | 134 | 66 | |
Regulatory costs1) | 331 | 303 | 111 | 244 | 161 | 99 | 92 | 142 | 8 | -5 | 0 | |
Operating expenses | 2,914 | 2,675 | 2,613 | 1,947 | 1,778 | 1,861 | 838 | 831 | 652 | 129 | 66 | |
Gross result | 1,255 | 1,764 | 1,673 | 1,062 | 1,269 | 1,073 | 405 | 490 | 722 | -212 | 5 | |
Addition to loan loss provisions | 208 | 428 | 469 | 258 | 174 | 324 | -50 | 254 | 145 | -0 | -0 | |
Result before tax | 1,046 | 1,337 | 1,204 | 804 | 1,096 | 749 | 454 | 236 | 577 | -212 | 5 | |
Taxation | 304 | 428 | 389 | 243 | 304 | 222 | 110 | 90 | 161 | -49 | 34 | |
Non-controlling interests | 15 | 28 | 27 | 7 | 24 | 23 | 8 | 5 | 4 | - | -0 | - |
Net result | 727 | 880 | 788 | 554 | 767 | 503 | 335 | 141 | 412 | -162 | -29 | -127 |
Key figures | ||||||||||||
Interest margin | 1.41% | 1.57% | 1.38% | |||||||||
Cost/income ratio | 69.9% | 60.3% | 61.0% | 64.7% | 58.3% | 63.4% | 67.4% | 62.9% | 47.4% | n.a. | n.a. | n.a. |
Return on equity based on IFRS-EU equity | 5.6% | 6.8% | 6.0% | |||||||||
Return on equity based on 12.5% CET1 2) | 7.7% | 9.0% | 8.2% | 11.1% | 14.9% | 10.3% | 7.6% | 3.1% | 8.8% | -203.1% | -35.4% | -154.8% |
Risk costs in bps of average customer lending | 14 | 28 | 30 | 24 | 16 | 30 | -12 | 56 | 33 | n.a. | n.a. | n.a. |
Risk-weighted assets (end of period) | 306,324 | 326,414 | 312,307 | 160,045 | 168,918 | 163,099 | 143,775 | 155,072 | 146,596 | 2,503 | 2,425 | 2,612 |
Employees (internal FTEs, end of period) | 57,034 | 54,514 | 56,492 | 42,699 | 40,808 | 42,407 | 14,328 | 13,701 | 14,078 | 7 | 5 | 7 |
Four-quarter rolling average key figures | ||||||||||||
Interest margin | 1.44% | 1.54% | 1.48% | |||||||||
Cost/income ratio | 63.2% | 56.6% | 60.9% | 61.8% | 57.1% | 60.2% | 59.6% | 55.4% | 58.7% | n.a. | n.a. | n.a. |
Return on equity based on IFRS-EU equity | 4.8% | 9.4% | 5.1% | |||||||||
Return on equity based on 12.5% CET1 2) | 6.4% | 12.3% | 6.7% | 11.2% | 16.5% | 12.2% | 2.8% | 7.4% | 1.7% | -95.3% | 22.8% | -53.8% |
3Q2020
15
2
0
-39 -22
95
5 100 -122 -0 -122 5
1) Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes ('DGS') and the (European) single resolution fund ('SRF').
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.2 Profit or loss: 4Q2020 Segment split
Profit or loss 4Q2020
In € million
Balance sheet related interest
Capital charge on book equity
Interest benefit on total capital
Net interest income
Net fee and commission income
Investment income
Realised gains and fair value changes on investments Total investment income
Valuation result and net trading income
Other income
Total other income Total income
Expenses excl. regulatory costs Regulatory costs1)
Operating expenses Gross result
Addition to loan loss provisions Result before tax
Taxation Non-controlling interests Net result
Key figures Interest margin Cost/income ratio
Return on equity based on IFRS-EU equity Return on equity based on 12.5% CET1 2) Risk costs in bps of average customer lending Risk-weighted assets (end of period) Employees (internal FTEs, end of period)
Four-quarter rolling average key figures Interest margin
Cost/income ratio
Return on equity based on IFRS-EU equity Return on equity based on 12.5% CET1 2)
1) Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes ('DGS') and the (European) single resolution fund ('SRF').
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.3 Profit or loss: Quarterly overview
Profit or loss
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Interest income | 5,262 | 5,377 | 5,723 | 6,335 | 6,749 | 7,330 | 7,186 | 7,189 | 22,698 | 28,454 |
Minus: interest expense | 1,918 | 2,048 | 2,294 | 2,834 | 3,152 | 3,801 | 3,716 | 3,706 | 9,094 | 14,376 |
Net interest income | 3,344 | 3,329 | 3,430 | 3,501 | 3,597 | 3,529 | 3,470 | 3,483 | 13,604 | 14,079 |
Net fee and commission income | 771 | 734 | 723 | 783 | 735 | 747 | 711 | 675 | 3,011 | 2,868 |
Investment income | 3 | 98 | 4 | 1 | 10 | 99 | 3 | 122 | 106 | 234 |
Realised gains and fair value changes on investments | 3 | 5 | 15 | 20 | 17 | 5 | 22 | 28 | 44 | 72 |
Total investment income | 6 | 103 | 19 | 21 | 26 | 104 | 25 | 150 | 150 | 306 |
Valuation result and net trading income | 85 | 311 | 437 | -1 | 32 | 175 | 330 | 218 | 832 | 754 |
Other income | -37 | -191 | 62 | 206 | 49 | 71 | 129 | 50 | 41 | 300 |
Total other income | 48 | 120 | 499 | 205 | 81 | 246 | 459 | 268 | 872 | 1,054 |
Total income | 4,169 | 4,286 | 4,671 | 4,511 | 4,439 | 4,626 | 4,665 | 4,576 | 17,637 | 18,306 |
Staff expenses | 1,461 | 1,429 | 1,458 | 1,465 | 1,482 | 1,462 | 1,437 | 1,374 | 5,812 | 5,755 |
Regulatory costs1) | 331 | 111 | 137 | 526 | 303 | 106 | 97 | 515 | 1,105 | 1,021 |
Other expenses | 1,123 | 1,073 | 1,198 | 842 | 890 | 872 | 917 | 898 | 4,236 | 3,577 |
Operating expenses | 2,914 | 2,613 | 2,793 | 2,833 | 2,675 | 2,440 | 2,451 | 2,787 | 11,153 | 10,353 |
Gross result | 1,255 | 1,673 | 1,878 | 1,678 | 1,764 | 2,187 | 2,214 | 1,789 | 6,484 | 7,954 |
Addition to loan loss provisions | 208 | 469 | 1,336 | 661 | 428 | 276 | 209 | 207 | 2,675 | 1,120 |
Result before tax | 1,046 | 1,204 | 542 | 1,017 | 1,337 | 1,911 | 2,005 | 1,582 | 3,809 | 6,834 |
Taxation | 304 | 389 | 224 | 329 | 428 | 543 | 540 | 443 | 1,246 | 1,955 |
Non-controlling interests | 15 | 27 | 19 | 17 | 28 | 23 | 26 | 21 | 78 | 99 |
Net result | 727 | 788 | 299 | 670 | 880 | 1,344 | 1,438 | 1,119 | 2,485 | 4,781 |
Key figures | ||||||||||
Interest margin | 1.41% | 1.38% | 1.44% | 1.51% | 1.57% | 1.54% | 1.52% | 1.55% | 1.44% | 1.54% |
Cost/income ratio | 69.9% | 61.0% | 59.8% | 62.8% | 60.3% | 52.7% | 52.5% | 60.9% | 63.2% | 56.6% |
Return on equity based on IFRS-EU equity | 5.6% | 6.0% | 2.3% | 5.1% | 6.8% | 10.5% | 11.4% | 9.0% | 4.8% | 9.4% |
Return on equity based on 12.5% CET1 2) | 7.7% | 8.2% | 3.1% | 6.6% | 9.0% | 13.7% | 14.9% | 11.6% | 6.4% | 12.3% |
Risk costs in bps of average customer lending | 14 | 30 | 85 | 42 | 28 | 18 | 14 | 14 | 43 | 18 |
Risk-weighted assets (end of period) | 306,324 | 312,307 | 322,234 | 335,375 | 326,414 | 319,683 | 318,253 | 311,884 | 306,324 | 326,414 |
Employees (internal FTEs, end of period) | 57,034 | 56,492 | 55,772 | 55,452 | 54,514 | 53,981 | 53,525 | 52,658 | 57,034 | 54,514 |
Four-quarter rolling average key figures | ||||||||||
interest margin | 1.44% | 1.48% | 1.52% | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% | ||
Cost/income ratio | 63.2% | 60.9% | 58.9% | 57.0% | 56.6% | 55.7% | 59.0% | 59.0% | ||
Return on equity based on IFRS-EU equity | 4.8% | 5.1% | 6.1% | 8.4% | 9.4% | 10.4% | 9.4% | 9.5% | ||
Return on equity based on 12.5% CET1 2) | 6.4% | 6.7% | 8.1% | 11.0% | 12.3% | 13.4% | 12.0% | 11.9% |
1) Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes ('DGS') and the (European) single resolution fund ('SRF').
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.4 Profit or loss: Retail Banking
Profit or loss Retail Banking
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Balance sheet related interest | 2,412 | 2,436 | 2,472 | 2,526 | 2,542 | 2,578 | 2,543 | 2,520 | 9,846 | 10,182 |
Capital charge on book equity | -15 | -19 | -32 | -55 | -63 | -73 | -84 | -87 | -121 | -307 |
Interest benefit on total capital | -22 | -12 | -7 | -11 | -17 | -22 | -20 | -3 | -52 | -62 |
Net interest income | 2,376 | 2,405 | 2,433 | 2,461 | 2,462 | 2,483 | 2,440 | 2,429 | 9,674 | 9,814 |
Net fee and commission income | 516 | 479 | 460 | 487 | 432 | 454 | 438 | 415 | 1,943 | 1,739 |
Investment income | 1 | 97 | 4 | 1 | 7 | 101 | 1 | 0 | 103 | 109 |
Realised gains and fair value changes on investments | 3 | 4 | 13 | 17 | 17 | 3 | 18 | 23 | 36 | 62 |
Total investment income | 4 | 102 | 16 | 18 | 25 | 105 | 19 | 23 | 139 | 171 |
Valuation result and net trading income | 78 | 126 | 148 | 76 | 93 | 111 | 221 | 136 | 427 | 562 |
Other income | 36 | -178 | 63 | 119 | 35 | 32 | 55 | 33 | 40 | 155 |
Total other income | 114 | -52 | 210 | 195 | 128 | 143 | 276 | 169 | 467 | 717 |
Total income | 3,009 | 2,934 | 3,119 | 3,160 | 3,047 | 3,183 | 3,174 | 3,036 | 12,223 | 12,440 |
Expenses excl. regulatory costs | 1,704 | 1,763 | 1,635 | 1,597 | 1,617 | 1,629 | 1,600 | 1,537 | 6,698 | 6,383 |
Regulatory costs | 244 | 99 | 116 | 396 | 161 | 94 | 89 | 383 | 854 | 726 |
Operating expenses | 1,947 | 1,861 | 1,751 | 1,992 | 1,778 | 1,723 | 1,689 | 1,920 | 7,552 | 7,109 |
Gross result | 1,062 | 1,073 | 1,368 | 1,168 | 1,269 | 1,460 | 1,485 | 1,116 | 4,670 | 5,331 |
Addition to loan loss provisions | 258 | 324 | 454 | 285 | 174 | 160 | 118 | 136 | 1,322 | 588 |
Result before tax | 804 | 749 | 913 | 883 | 1,096 | 1,301 | 1,367 | 980 | 3,348 | 4,744 |
Taxation | 243 | 222 | 305 | 239 | 304 | 345 | 400 | 262 | 1,010 | 1,312 |
Non-controlling interests | 7 | 23 | 14 | 14 | 24 | 22 | 22 | 17 | 58 | 85 |
Net result | 554 | 503 | 594 | 630 | 767 | 933 | 946 | 701 | 2,281 | 3,347 |
Key figures | ||||||||||
Cost/income ratio | 64.7% | 63.4% | 56.2% | 63.0% | 58.3% | 54.1% | 53.2% | 63.2% | 61.8% | 57.1% |
Return on equity based on 12.5% CET1 1) | 11.1% | 10.3% | 11.5% | 12.0% | 14.9% | 17.9% | 18.8% | 14.3% | 11.2% | 16.5% |
Risk costs in bps of average customer lending | 24 | 30 | 42 | 26 | 16 | 15 | 11 | 13 | 30 | 14 |
Risk-weighted assets (end of period) | 160,045 | 163,099 | 164,061 | 174,557 | 168,918 | 171,506 | 169,096 | 160,374 | 160,045 | 168,918 |
Employees (internal FTEs, end of period) | 42,699 | 42,407 | 41,928 | 41,771 | 40,808 | 40,470 | 40,245 | 39,720 | 42,699 | 40,808 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 61.8% | 60.2% | 57.9% | 57.2% | 57.1% | 56.8% | 55.9% | 55.8% | ||
Return on equity based on 12.5% CET1 1) | 11.2% | 12.2% | 14.1% | 15.9% | 16.5% | 16.9% | 17.6% | 17.9% |
1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.5 Profit or loss: Retail Banking Benelux
Profit or loss Retail Banking Benelux
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Balance sheet related interest | 1,324 | 1,332 | 1,355 | 1,375 | 1,387 | 1,408 | 1,382 | 1,375 | 5,384 | 5,552 |
Capital charge on book equity | -4 | -5 | -6 | -13 | -11 | -13 | -22 | -23 | -29 | -69 |
Interest benefit on total capital | -12 | -7 | -4 | -6 | -10 | -13 | -11 | -2 | -29 | -35 |
Net interest income | 1,307 | 1,320 | 1,344 | 1,356 | 1,366 | 1,383 | 1,349 | 1,350 | 5,327 | 5,448 |
Net fee and commission income | 281 | 273 | 262 | 277 | 256 | 274 | 262 | 256 | 1,094 | 1,048 |
Investment income | -1 | 1 | 0 | 1 | 5 | 6 | -1 | 0 | 1 | 10 |
Realised gains and fair value changes on investments | 2 | 2 | 9 | 16 | 3 | -3 | 11 | 8 | 29 | 19 |
Total investment income | 1 | 3 | 9 | 17 | 8 | 3 | 10 | 8 | 31 | 29 |
Valuation result and net trading income | 40 | 82 | 107 | 10 | 41 | 53 | 168 | 76 | 239 | 338 |
Other income | 26 | 26 | 29 | 74 | 29 | 15 | 25 | 16 | 155 | 84 |
Total other income | 66 | 108 | 136 | 83 | 70 | 67 | 193 | 92 | 393 | 422 |
Total income | 1,655 | 1,704 | 1,751 | 1,734 | 1,701 | 1,727 | 1,814 | 1,705 | 6,844 | 6,947 |
Expenses excl. regulatory costs | 893 | 863 | 888 | 851 | 877 | 876 | 859 | 824 | 3,495 | 3,436 |
Regulatory costs | 135 | 25 | 42 | 276 | 76 | 22 | 23 | 262 | 478 | 383 |
Operating expenses | 1,029 | 888 | 930 | 1,127 | 953 | 898 | 882 | 1,086 | 3,973 | 3,819 |
Gross result | 627 | 816 | 821 | 607 | 748 | 829 | 932 | 619 | 2,871 | 3,128 |
Addition to loan loss provisions | 66 | 184 | 276 | 145 | 99 | 87 | 38 | 52 | 671 | 277 |
Result before tax | 561 | 632 | 545 | 462 | 648 | 742 | 894 | 567 | 2,200 | 2,851 |
Taxation | 140 | 163 | 152 | 119 | 165 | 199 | 255 | 131 | 574 | 750 |
Non-controlling interests | 0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | -1 | -0 |
Net result | 421 | 470 | 393 | 343 | 484 | 543 | 638 | 435 | 1,627 | 2,101 |
Key figures | ||||||||||
Cost/income ratio | 62.1% | 52.1% | 53.1% | 65.0% | 56.0% | 52.0% | 48.6% | 63.7% | 58.1% | 55.0% |
Return on equity based on 12.5% CET1 1) | 15.9% | 17.2% | 13.8% | 11.8% | 16.7% | 18.5% | 22.7% | 16.0% | 14.6% | 18.5% |
Risk costs in bps of average customer lending | 11 | 29 | 44 | 23 | 16 | 14 | 6 | 8 | 27 | 11 |
Risk-weighted assets (end of period) | 82,535 | 86,760 | 87,671 | 94,665 | 90,821 | 94,636 | 93,013 | 87,072 | 82,535 | 90,821 |
Employees (internal FTEs, end of period) | 17,594 | 17,651 | 17,533 | 17,726 | 17,642 | 17,471 | 17,381 | 17,225 | 17,594 | 17,642 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 58.1% | 56.6% | 56.5% | 55.3% | 55.0% | 54.8% | 54.0% | 53.9% | ||
Return on equity based on 12.5% CET1 1) | 14.6% | 14.9% | 15.2% | 17.4% | 18.5% | 18.9% | 20.1% | 20.7% |
1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.6 Profit or loss: Retail Banking Netherlands
Profit or loss Retail Banking Netherlands
In € million | 4Q2020 | |
Balance sheet related interest | 881 | |
Capital charge on book equity | 2 | |
Interest benefit on total capital | -6 | |
Net interest income | 877 | |
Net fee and commission income | 175 | |
Investment income | 0 | |
Realised gains and fair value changes on investments | 1 | 2 |
Total investment income | 2 | 2 |
Valuation result and net trading income | 16 | 48 |
Other income | 13 | 24 |
Total other income | 29 | 72 |
Total income | 1,083 | 1,119 |
Expenses excl. regulatory costs | 507 | 507 |
Regulatory costs | 110 | 25 |
Operating expenses | 616 | 532 |
Gross result | 466 | 587 |
Addition to loan loss provisions | -29 | 47 |
Result before tax | 495 | 540 |
Taxation | 124 | 136 |
Non-controlling interests | 0 | -0 |
Net result | 371 | 404 |
Key figures | ||
Cost/income ratio | 56.9% | 47.5% |
Return on equity based on 12.5% CET1 1) | 27.2% | 28.6% |
Risk costs in bps of average customer lending | -7 | 12 |
Risk-weighted assets (end of period) | 42,068 | 45,225 |
Employees (internal FTEs, end of period) | 9,963 | 9,833 |
Four-quarter rolling average key figures | ||
Cost/income ratio | 50.0% | 48.7% |
Return on equity based on 12.5% CET1 1) | 26.6% | 25.9% |
1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 |
873 | 884 | 882 | 909 | 900 | 876 |
2 | 1 | 1 | 3 | 2 | -3 |
-3 | -2 | -3 | -6 | -7 | -6 |
871 | 883 | 880 | 906 | 895 | 866 |
174 | 164 | 168 | 167 | 178 | 164 |
- | -0 | 0 | -0 | 1 | 0 |
10 | 1 | 3 | -0 | 6 | 1 |
10 | 1 | 3 | 1 | 6 | 1 |
60 | 50 | 46 | 34 | 103 | 54 |
14 | 40 | 14 | 3 | 19 | 7 |
73 | 90 | 59 | 37 | 122 | 61 |
1,130 | 1,139 | 1,135 | 1,110 | 1,158 | 1,102 |
487 | 480 | 517 | 508 | 509 | 486 |
35 | 86 | 66 | 24 | 28 | 72 |
522 | 566 | 583 | 532 | 537 | 558 |
609 | 573 | 552 | 578 | 621 | 544 |
120 | 19 | 15 | 43 | 22 | 11 |
489 | 554 | 537 | 535 | 599 | 533 |
124 | 138 | 132 | 139 | 157 | 130 |
-0 | -0 | -0 | -0 | 0 | 0 |
365 | 416 | 405 | 396 | 442 | 403 |
46.2% | 49.7% | 51.3% | 47.9% | 46.4% | 50.6% |
24.4% | 26.2% | 24.6% | 23.8% | 28.4% | 27.0% |
30 | 5 | 4 | 11 | 5 | 3 |
45,149 | 50,385 | 50,970 | 54,120 | 52,308 | 47,386 |
9,728 | 9,755 | 9,532 | 9,424 | 9,289 | 9,137 |
48.8% | 48.8% | 49.1% | 49.2% | 48.0% | 47.0% |
24.8% | 25.7% | 25.9% | 26.0% | 28.5% | 29.9% |
1Q2019 | FY2020 | FY2019 |
873 | 3,520 | 3,558 |
1 | 7 | 3 |
-1 | -15 | -20 |
874 | 3,511 | 3,541 |
166 | 681 | 674 |
- | 0 | 1 |
14 | 10 | |
14 | 11 | |
174 | 236 | |
91 | 43 | |
265 | 279 | |
4,471 | 4,505 | |
1,981 | 2,020 | |
255 | 190 | |
2,236 | 2,210 | |
2,235 | 2,295 | |
157 | 91 | |
2,078 | 2,204 | |
523 | 558 | |
-1 | -0 | |
1,556 | 1,646 | |
50.0% | 49.1% | |
26.6% | 25.9% | |
10 | 6 | |
42,068 | 50,970 | |
9,963 | 9,532 |
ING 1.7 Profit or loss: Retail Banking Belgium
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Balance sheet related interest | 443 | 458 | 471 | 493 | 478 | 508 | 506 | 501 | 1,865 | 1,993 |
Capital charge on book equity | -7 | -7 | -8 | -14 | -14 | -15 | -18 | -24 | -35 | -71 |
Interest benefit on total capital | -6 | -3 | -2 | -3 | -4 | -5 | -5 | -1 | -14 | -15 |
Net interest income | 430 | 448 | 461 | 476 | 460 | 488 | 483 | 476 | 1,816 | 1,907 |
Net fee and commission income | 106 | 99 | 98 | 110 | 89 | 96 | 98 | 90 | 413 | 374 |
Investment income | -1 | 1 | 1 | 1 | 5 | 5 | -2 | 0 | 1 | 8 |
Realised gains and fair value changes on investments | 1 | 0 | -1 | 15 | 1 | -2 | 5 | 6 | 15 | 10 |
Total investment income | -0 | 1 | -0 | 16 | 6 | 2 | 3 | 6 | 16 | 18 |
Valuation result and net trading income | 24 | 34 | 47 | -41 | -4 | 19 | 66 | 22 | 65 | 102 |
Other income | 13 | 3 | 15 | 33 | 15 | 12 | 6 | 8 | 64 | 41 |
Total other income | 36 | 37 | 62 | -7 | 11 | 31 | 72 | 31 | 129 | 143 |
Total income | 572 | 585 | 621 | 595 | 565 | 617 | 656 | 603 | 2,373 | 2,442 |
Expenses excl. regulatory costs | 387 | 356 | 401 | 370 | 360 | 367 | 350 | 338 | 1,514 | 1,416 |
Regulatory costs | 25 | 0 | 8 | 190 | 10 | -2 | -5 | 190 | 223 | 193 |
Operating expenses | 412 | 356 | 408 | 560 | 370 | 366 | 345 | 528 | 1,737 | 1,609 |
Gross result | 160 | 229 | 212 | 34 | 195 | 252 | 311 | 75 | 636 | 833 |
Addition to loan loss provisions | 95 | 137 | 156 | 126 | 84 | 44 | 16 | 42 | 514 | 186 |
Result before tax | 66 | 92 | 56 | -92 | 111 | 207 | 295 | 33 | 122 | 647 |
Taxation | 16 | 27 | 28 | -20 | 32 | 60 | 99 | 1 | 51 | 192 |
Non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net result | 50 | 65 | 28 | -73 | 79 | 147 | 197 | 32 | 71 | 455 |
Key figures | ||||||||||
Cost/income ratio | 72.0% | 60.8% | 65.8% | 94.2% | 65.5% | 59.2% | 52.6% | 87.6% | 73.2% | 65.9% |
Return on equity based on 12.5% CET1 2) | 3.9% | 5.0% | 2.1% | -5.5% | 6.3% | 11.6% | 15.7% | 2.6% | 1.3% | 9.1% |
Risk costs in bps of average customer lending | 42 | 60 | 68 | 55 | 37 | 20 | 7 | 19 | 57 | 21 |
Risk-weighted assets (end of period) | 40,467 | 41,535 | 42,522 | 44,280 | 39,851 | 40,516 | 40,705 | 39,686 | 40,467 | 39,851 |
Employees (internal FTEs, end of period) | 7,631 | 7,818 | 7,805 | 7,971 | 8,110 | 8,047 | 8,092 | 8,088 | 7,631 | 8,110 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 73.2% | 71.6% | 71.1% | 67.4% | 65.9% | 65.2% | 65.4% | 67.5% | ||
Return on equity based on 12.5% CET1 2) | 1.3% | 1.9% | 3.5% | 6.9% | 9.1% | 9.9% | 9.5% | 8.7% | ||
1) Including ING Luxembourg. |
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.8 Profit or loss: Retail Banking Challengers & Growth Markets
Profit or loss Retail Banking Challengers & Growth Markets
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Balance sheet related interest | 1,089 | 1,104 | 1,117 | 1,152 | 1,155 | 1,170 | 1,161 | 1,145 | 4,462 | 4,631 |
Capital charge on book equity | -10 | -14 | -25 | -42 | -51 | -60 | -62 | -64 | -92 | -238 |
Interest benefit on total capital | -10 | -5 | -3 | -5 | -7 | -9 | -8 | -1 | -23 | -26 |
Net interest income | 1,069 | 1,085 | 1,089 | 1,105 | 1,096 | 1,100 | 1,091 | 1,079 | 4,347 | 4,366 |
Net fee and commission income | 235 | 206 | 198 | 210 | 176 | 180 | 176 | 159 | 849 | 691 |
Investment income | 2 | 97 | 3 | 0 | 2 | 95 | 2 | -0 | 101 | 100 |
Realised gains and fair value changes on investments | 1 | 2 | 4 | 1 | 14 | 6 | 7 | 15 | 7 | 43 |
Total investment income | 2 | 99 | 7 | 1 | 16 | 101 | 10 | 15 | 108 | 142 |
Valuation result and net trading income | 38 | 44 | 41 | 66 | 52 | 58 | 53 | 60 | 189 | 223 |
Other income | 10 | -204 | 34 | 45 | 6 | 17 | 30 | 17 | -115 | 71 |
Total other income | 48 | -160 | 74 | 111 | 58 | 75 | 83 | 78 | 74 | 294 |
Total income | 1,354 | 1,230 | 1,368 | 1,426 | 1,346 | 1,456 | 1,360 | 1,331 | 5,378 | 5,494 |
Expenses excl. regulatory costs | 810 | 899 | 748 | 746 | 740 | 753 | 741 | 713 | 3,203 | 2,947 |
Regulatory costs | 109 | 74 | 74 | 120 | 85 | 72 | 66 | 121 | 376 | 343 |
Operating expenses | 919 | 973 | 821 | 866 | 824 | 825 | 806 | 834 | 3,579 | 3,290 |
Gross result | 435 | 256 | 547 | 561 | 522 | 631 | 554 | 497 | 1,799 | 2,204 |
Addition to loan loss provisions | 193 | 140 | 178 | 140 | 75 | 73 | 80 | 84 | 651 | 311 |
Result before tax | 243 | 116 | 369 | 421 | 447 | 559 | 473 | 414 | 1,148 | 1,893 |
Taxation | 102 | 60 | 153 | 121 | 140 | 147 | 145 | 131 | 436 | 562 |
Non-controlling interests | 7 | 24 | 15 | 14 | 24 | 22 | 22 | 17 | 59 | 85 |
Net result | 134 | 33 | 201 | 286 | 283 | 390 | 307 | 266 | 654 | 1,246 |
Key figures | ||||||||||
Cost/income ratio | 67.9% | 79.2% | 60.0% | 60.7% | 61.2% | 56.7% | 59.3% | 62.6% | 66.6% | 59.9% |
Return on equity based on 12.5% CET1 1) | 5.8% | 2.4% | 8.8% | 12.2% | 12.7% | 17.2% | 14.1% | 12.3% | 7.3% | 14.1% |
Risk costs in bps of average customer lending | 41 | 30 | 39 | 30 | 16 | 16 | 18 | 19 | 35 | 17 |
Risk-weighted assets (end of period) | 77,510 | 76,339 | 76,390 | 79,892 | 78,097 | 76,869 | 76,083 | 73,302 | 77,510 | 78,097 |
Employees (internal FTEs, end of period) | 25,105 | 24,756 | 24,395 | 24,045 | 23,166 | 22,999 | 22,864 | 22,496 | 25,105 | 23,166 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 66.6% | 64.9% | 59.6% | 59.4% | 59.9% | 59.2% | 58.4% | 58.4% | ||
Return on equity based on 12.5% CET1 1) | 7.3% | 9.1% | 12.7% | 14.0% | 14.1% | 14.4% | 14.6% | 14.4% |
1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.9 Profit or loss: Retail Banking Germany
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Balance sheet related interest | 385 | 388 | 398 | 389 | 374 | 399 | 400 | 383 | 1,560 | 1,557 |
Capital charge on book equity | 10 | 10 | 9 | 8 | 8 | 7 | 8 | 8 | 37 | 32 |
Interest benefit on total capital | -4 | -2 | -1 | -2 | -3 | -4 | -3 | -0 | -9 | -10 |
Net interest income | 391 | 395 | 405 | 396 | 380 | 403 | 405 | 391 | 1,587 | 1,579 |
Net fee and commission income | 125 | 97 | 109 | 106 | 70 | 74 | 68 | 55 | 437 | 268 |
Investment income | 2 | 2 | 1 | 0 | 1 | -0 | 1 | -0 | 5 | 2 |
Realised gains and fair value changes on investments | -0 | 1 | -1 | -0 | 14 | 4 | 5 | 11 | -0 | 34 |
Total investment income | 1 | 3 | 0 | 0 | 15 | 4 | 6 | 11 | 4 | 36 |
Valuation result and net trading income | 14 | 18 | 25 | 17 | 25 | 24 | 25 | 37 | 73 | 111 |
Other income | -3 | 1 | 3 | 14 | -20 | 4 | 3 | 3 | 15 | -9 |
Total other income | 11 | 19 | 28 | 31 | 5 | 28 | 28 | 41 | 89 | 102 |
Total income | 528 | 515 | 542 | 533 | 471 | 509 | 507 | 498 | 2,117 | 1,985 |
Expenses excl. regulatory costs | 250 | 253 | 253 | 255 | 235 | 234 | 267 | 243 | 1,012 | 979 |
Regulatory costs | 22 | 19 | 19 | 40 | 17 | 15 | 16 | 52 | 99 | 101 |
Operating expenses | 272 | 272 | 272 | 295 | 252 | 249 | 283 | 296 | 1,110 | 1,080 |
Gross result | 256 | 243 | 270 | 238 | 219 | 260 | 223 | 203 | 1,007 | 904 |
Addition to loan loss provisions | 17 | 26 | 8 | 6 | -23 | -7 | -25 | 2 | 57 | -53 |
Result before tax | 239 | 217 | 262 | 232 | 241 | 268 | 248 | 201 | 950 | 957 |
Taxation | 85 | 58 | 122 | 66 | 89 | 86 | 81 | 71 | 331 | 328 |
Non-controlling interests | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 3 |
Net result | 153 | 158 | 139 | 165 | 151 | 181 | 166 | 129 | 615 | 627 |
Key figures | ||||||||||
Cost/income ratio | 51.5% | 52.8% | 50.2% | 55.4% | 53.5% | 49.0% | 55.9% | 59.3% | 52.4% | 54.4% |
Return on equity based on 12.5% CET1 2) | 16.7% | 17.6% | 15.7% | 19.4% | 18.5% | 21.9% | 20.5% | 16.3% | 17.3% | 19.3% |
Risk costs in bps of average customer lending | 7 | 12 | 4 | 3 | -10 | -3 | -12 | 1 | 6 | -6 |
Risk-weighted assets (end of period) | 29,459 | 29,469 | 28,537 | 28,489 | 26,144 | 26,476 | 26,690 | 25,365 | 29,459 | 26,144 |
Employees (internal FTEs, end of period) | 5,750 | 5,602 | 5,411 | 5,258 | 5,051 | 4,933 | 4,957 | 4,861 | 5,750 | 5,051 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 52.4% | 52.9% | 52.0% | 53.5% | 54.4% | 53.6% | 53.6% | 52.6% | ||
Return on equity based on 12.5% CET1 2) | 17.3% | 17.7% | 18.8% | 20.1% | 19.3% | 20.8% | 20.5% | 20.1% | ||
1) Including ING Austria. |
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.10 Profit or loss: Retail Banking Other Challengers & Growth Markets
Profit or loss Retail Banking Other Challengers & Growth Markets1)
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Balance sheet related interest | 704 | 716 | 719 | 763 | 780 | 770 | 762 | 761 | 2,902 | 3,074 |
Capital charge on book equity | -21 | -24 | -34 | -51 | -60 | -68 | -70 | -72 | -129 | -270 |
Interest benefit on total capital | -6 | -3 | -2 | -3 | -5 | -6 | -5 | -1 | -14 | -16 |
Net interest income | 678 | 690 | 683 | 709 | 716 | 697 | 686 | 688 | 2,760 | 2,787 |
Net fee and commission income | 110 | 109 | 89 | 103 | 105 | 106 | 108 | 104 | 412 | 423 |
Investment income | 0 | 95 | 2 | -0 | 1 | 95 | 2 | 0 | 97 | 98 |
Realised gains and fair value changes on investments | 1 | 1 | 5 | 1 | 0 | 2 | 2 | 4 | 7 | 9 |
Total investment income | 1 | 96 | 7 | 1 | 1 | 97 | 4 | 4 | 104 | 106 |
Valuation result and net trading income | 24 | 26 | 16 | 49 | 27 | 34 | 27 | 23 | 115 | 112 |
Other income | 14 | -205 | 31 | 31 | 26 | 13 | 27 | 14 | -130 | 80 |
Total other income | 37 | -179 | 47 | 80 | 53 | 47 | 55 | 37 | -15 | 192 |
Total income | 826 | 715 | 826 | 894 | 875 | 947 | 853 | 833 | 3,261 | 3,509 |
Expenses excl. regulatory costs | 560 | 647 | 494 | 491 | 505 | 519 | 474 | 470 | 2,191 | 1,968 |
Regulatory costs | 87 | 55 | 55 | 80 | 67 | 56 | 49 | 69 | 278 | 242 |
Operating expenses | 647 | 702 | 549 | 571 | 572 | 576 | 523 | 538 | 2,469 | 2,210 |
Gross result | 179 | 13 | 277 | 323 | 303 | 371 | 330 | 295 | 792 | 1,299 |
Addition to loan loss provisions | 176 | 114 | 170 | 134 | 97 | 80 | 105 | 82 | 593 | 364 |
Result before tax | 3 | -100 | 107 | 189 | 206 | 291 | 225 | 213 | 199 | 935 |
Taxation | 17 | 2 | 31 | 54 | 50 | 61 | 63 | 59 | 105 | 234 |
Non-controlling interests | 6 | 23 | 14 | 13 | 23 | 21 | 21 | 17 | 55 | 82 |
Net result | -19 | -125 | 62 | 121 | 132 | 209 | 141 | 137 | 39 | 619 |
Key figures | ||||||||||
Cost/income ratio | 78.3% | 98.1% | 66.5% | 63.9% | 65.4% | 60.8% | 61.3% | 64.6% | 75.7% | 63.0% |
Return on equity based on 12.5% CET1 2) | -0.9% | -6.9% | 4.9% | 8.3% | 9.7% | 14.7% | 10.6% | 10.2% | 1.5% | 11.3% |
Risk costs in bps of average customer lending | 72 | 47 | 71 | 55 | 40 | 34 | 45 | 35 | 61 | 38 |
Risk-weighted assets (end of period) | 48,051 | 46,870 | 47,853 | 51,403 | 51,953 | 50,394 | 49,393 | 47,937 | 48,051 | 51,953 |
Employees (internal FTEs, end of period) | 19,354 | 19,154 | 18,984 | 18,786 | 18,115 | 18,066 | 17,907 | 17,635 | 19,354 | 18,115 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 75.7% | 72.3% | 64.0% | 62.8% | 63.0% | 62.5% | 61.2% | 61.8% | ||
Return on equity based on 12.5% CET1 2) | 1.4% | 3.9% | 8.7% | 10.0% | 10.5% | 10.3% | 10.7% | 10.6% |
1) Includes: Australia, Czech Republic, France, Italy, Spain, Poland, Romania, Turkey, Philippines, Asian stakes and Other.
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.11 Profit or loss: Wholesale Banking
Profit or loss Wholesale Banking
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Balance sheet related interest | 974 | 931 | 953 | 988 | 1,087 | 1,012 | 983 | 996 | 3,846 | 4,077 |
Capital charge on book equity | -9 | -10 | -20 | -41 | -47 | -55 | -64 | -62 | -80 | -228 |
Interest benefit on total capital | -20 | -11 | -7 | -10 | -15 | -20 | -18 | -3 | -48 | -55 |
Net interest income | 945 | 909 | 927 | 937 | 1,025 | 938 | 901 | 930 | 3,718 | 3,794 |
Net fee and commission income | 255 | 253 | 264 | 297 | 303 | 294 | 276 | 262 | 1,069 | 1,135 |
Investment income | 2 | 0 | 0 | 1 | -4 | -1 | 2 | 3 | 3 | -0 |
Realised gains and fair value changes on investments | 1 | 1 | 3 | 3 | -1 | 2 | 4 | 5 | 8 | 10 |
Total investment income | 3 | 2 | 3 | 4 | -5 | 1 | 6 | 8 | 10 | 9 |
Valuation result and net trading income | 43 | 217 | 314 | -24 | -2 | 109 | 129 | 99 | 550 | 334 |
Other income | -3 | -7 | 1 | 56 | -0 | 18 | -0 | 8 | 48 | 25 |
Total other income | 40 | 210 | 315 | 33 | -2 | 127 | 128 | 106 | 598 | 359 |
Total income | 1,242 | 1,374 | 1,509 | 1,270 | 1,322 | 1,359 | 1,311 | 1,307 | 5,396 | 5,298 |
Expenses excl. regulatory costs | 746 | 644 | 909 | 669 | 689 | 657 | 655 | 640 | 2,967 | 2,640 |
Regulatory costs | 92 | 8 | 20 | 130 | 142 | 11 | 11 | 132 | 250 | 296 |
Operating expenses | 838 | 652 | 929 | 799 | 831 | 668 | 666 | 771 | 3,218 | 2,937 |
Gross result | 405 | 722 | 580 | 471 | 490 | 692 | 644 | 536 | 2,178 | 2,362 |
Addition to loan loss provisions | -50 | 145 | 882 | 373 | 254 | 116 | 91 | 71 | 1,351 | 532 |
Result before tax | 454 | 577 | -302 | 98 | 236 | 576 | 553 | 465 | 827 | 1,830 |
Taxation | 110 | 161 | -10 | 33 | 90 | 164 | 61 | 148 | 295 | 464 |
Non-controlling interests | 8 | 4 | 4 | 4 | 5 | 1 | 5 | 3 | 20 | 14 |
Net result | 335 | 412 | -296 | 61 | 141 | 410 | 487 | 313 | 512 | 1,352 |
Key figures | ||||||||||
Cost/income ratio | 67.4% | 47.4% | 61.6% | 62.9% | 62.9% | 49.1% | 50.8% | 59.0% | 59.6% | 55.4% |
Return on equity based on 12.5% CET1 1) | 7.6% | 8.8% | -6.0% | 1.3% | 3.1% | 9.0% | 10.7% | 6.8% | 2.8% | 7.4% |
Risk costs in bps of average customer lending | -12 | 33 | 186 | 80 | 56 | 25 | 20 | 16 | 75 | 29 |
Risk-weighted assets (end of period) | 143,775 | 146,596 | 155,536 | 158,168 | 155,072 | 145,419 | 146,046 | 148,508 | 143,775 | 155,072 |
Employees (internal FTEs, end of period) | 14,328 | 14,078 | 13,838 | 13,676 | 13,701 | 13,509 | 13,277 | 12,935 | 14,328 | 13,701 |
Value at Risk trading positions (average) | 25.1 | 29.8 | 39.2 | 21.6 | 11.4 | 4.7 | 9.3 | 8.0 | ||
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 59.6% | 58.7% | 59.1% | 56.3% | 55.4% | 53.8% | 52.8% | 51.8% | ||
Return on equity based on 12.5% CET1 1) | 2.8% | 1.7% | 1.7% | 5.9% | 7.4% | 8.9% | 9.3% | 9.2% |
1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.12 Profit or loss: WB - Lending
Profit or loss Wholesale Banking - Lending
In € million | 4Q2020 | 1Q2020 | ||||||||
Balance sheet related interest | 630 | 629 | ||||||||
Capital charge on book equity | -0 | 0 | ||||||||
Interest benefit on total capital | -13 | -6 | ||||||||
Net interest income | 618 | 622 | ||||||||
Net fee and commission income | 104 | 131 | ||||||||
Investment income | - | - | ||||||||
Realised gains and fair value changes on investments | - | - | ||||||||
Total investment income | - | 0 | - | 0 | 0 | 0 | 0 | 0 | ||
Valuation result and net trading income | -17 | 4 | 34 | -94 | -47 | -12 | -14 | -9 | -73 | -82 |
Other income | 4 | 2 | 6 | 6 | 12 | 1 | 4 | -0 | 19 | 17 |
Total other income | -12 | 7 | 40 | -88 | -35 | -11 | -10 | -9 | -54 | -65 |
Total income | 709 | 747 | 777 | 665 | 774 | 744 | 736 | 741 | 2,898 | 2,995 |
Expenses excl. regulatory costs | 215 | 220 | 222 | 230 | 236 | 219 | 215 | 221 | 887 | 892 |
Regulatory costs | 41 | 0 | 6 | 45 | 69 | -0 | 1 | 48 | 93 | 119 |
Operating expenses | 256 | 220 | 228 | 275 | 306 | 219 | 217 | 269 | 979 | 1,010 |
Gross result | 454 | 526 | 549 | 390 | 468 | 525 | 519 | 472 | 1,919 | 1,984 |
Addition to loan loss provisions | -56 | 146 | 833 | 306 | 131 | 129 | 71 | 57 | 1,228 | 387 |
Result before tax | 510 | 381 | -284 | 84 | 337 | 396 | 448 | 416 | 691 | 1,597 |
Taxation | 118 | 120 | -63 | 35 | 93 | 116 | 128 | 135 | 211 | 472 |
Non-controlling interests | 5 | 2 | 1 | 2 | 3 | -0 | 3 | 3 | 11 | 9 |
Net result | 386 | 258 | -222 | 47 | 241 | 280 | 317 | 278 | 469 | 1,116 |
Key figures | ||||||||||
Cost/income ratio | 36.1% | 29.5% | 29.3% | 41.4% | 39.5% | 29.5% | 29.4% | 36.3% | 33.8% | 33.7% |
Return on equity based on 12.5% CET1 1) | 13.6% | 8.6% | -7.1% | 1.6% | 8.0% | 9.6% | 10.9% | 9.4% | 4.0% | 9.5% |
Risk costs in bps of average customer lending | -17 | 41 | 223 | 84 | 37 | 36 | 20 | 16 | 86 | 27 |
Risk-weighted assets (end of period) | 89,368 | 94,421 | 99,208 | 99,200 | 101,910 | 93,424 | 93,358 | 94,956 | 89,368 | 101,910 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 33.8% | 34.7% | 34.7% | 34.8% | 33.7% | 30.9% | 30.0% | 30.0% | ||
Return on equity based on 12.5% CET1 1) | 4.0% | 2.7% | 2.9% | 7.4% | 9.5% | 11.1% | 12.1% | 12.4% |
3Q2020
618 122 - - -625 645
2Q2020
0 -0
-7 -4
641 97 0 -
4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
687 | 646 | 640 | 641 | 2,529 | 2,614 |
-1 | -0 | -0 | -0 | -0 | -2 |
-9 | -12 | -12 | -2 | -30 | -35 |
677 | 633 | 628 | 639 | 2,499 | 2,577 |
132 | 121 | 118 | 112 | 453 | 482 |
0 | 0 | 0 | - | 0 | 0 |
- | |||||
- |
-
-
-
-1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.13 Profit or loss: WB - Daily Banking & Trade Finance
Profit or loss Wholesale Banking - Daily Banking & Trade Finance
In € million | |
Balance sheet related interest | |
Capital charge on book equity | |
Interest benefit on total capital | |
Net interest income | |
Net fee and commission income | |
Investment income | |
Realised gains and fair value changes on investments | |
Total investment income | 0 |
Valuation result and net trading income | 11 |
Other income | -3 |
Total other income | 7 |
Total income | 299 |
Expenses excl. regulatory costs | 208 |
Regulatory costs | 15 |
Operating expenses | 222 |
Gross result | 77 |
Addition to loan loss provisions | 3 |
Result before tax | 74 |
Taxation | 19 |
Non-controlling interests | 1 |
Net result | 54 |
Key figures | |
Cost/income ratio | 74.3% |
Return on equity based on 12.5% CET1 1) | 8.2% |
Risk costs in bps of average customer lending | 4 |
Risk-weighted assets (end of period) | 22,665 |
Four-quarter rolling average key figures | |
Cost/income ratio | 69.6% |
Return on equity based on 12.5% CET1 1) | 6.4% |
4Q2020 | 3Q2020 | |||||||
164 | 152 | |||||||
1 | 1 | |||||||
-3 | -2 | |||||||
161 | 152 | |||||||
130 | 106 | |||||||
0 | - | |||||||
- | ||||||||
- | -0 | 0 | -0 | 1 | 0 | 0 | 0 | 1 |
12 | 14 | 11 | 15 | 19 | 15 | 12 | 48 | 61 |
-3 | -5 | -2 | -4 | -2 | -1 | -1 | -14 | -8 |
9 | 9 | 9 | 11 | 17 | 14 | 12 | 34 | 53 |
267 | 276 | 314 | 339 | 335 | 340 | 326 | 1,156 | 1,340 |
186 | 187 | 182 | 177 | 169 | 172 | 161 | 762 | 679 |
0 | 3 | 25 | 19 | 3 | 1 | 30 | 43 | 54 |
186 | 190 | 207 | 196 | 172 | 173 | 192 | 805 | 733 |
81 | 87 | 108 | 143 | 163 | 167 | 134 | 352 | 607 |
-4 | 46 | 62 | 112 | -5 | 5 | 18 | 106 | 131 |
85 | 41 | 46 | 31 | 167 | 162 | 116 | 246 | 476 |
22 | 9 | 17 | 10 | 41 | 41 | 30 | 66 | 122 |
1 | 1 | 2 | 2 | 1 | 1 | 1 | 5 | 5 |
62 | 31 | 28 | 19 | 125 | 120 | 84 | 175 | 349 |
69.8% | 68.6% | 65.7% | 57.9% | 51.4% | 50.8% | 58.8% | 69.6% | 54.7% |
9.5% | 4.6% | 3.9% | 2.8% | 16.6% | 15.8% | 11.2% | 6.4% | 11.6% |
-6 | 62 | 79 | 142 | -6 | 6 | 23 | 37 | 41 |
20,956 | 21,677 | 22,668 | 25,236 | 23,396 | 25,315 | 23,575 | 22,665 | 25,236 |
65.1% | 60.5% | 56.3% | 54.7% | 51.9% | 52.2% | 51.5% | ||
5.1% | 7.0% | 9.8% | 11.6% | 15.2% | 13.6% | 13.5% |
-
2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
151 | 182 | 193 | 195 | 197 | 189 | 649 | 774 |
1 | 1 | 1 | 1 | 0 | -0 | 3 | 1 |
-1 | -2 | -2 | -3 | -3 | -0 | -7 | -9 |
151 | 181 | 191 | 192 | 194 | 188 | 645 | 766 |
117 | 124 | 137 | 126 | 131 | 126 | 478 | 520 |
-0 | 0 | -0 | 1 | 0 | 0 | 0 | 1 |
-
-
-
-
-
-
-1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.14 Profit or loss: WB - Financial Markets
In € million | |
Balance sheet related interest | |
Capital charge on book equity | |
Interest benefit on total capital | |
Net interest income | |
Net fee and commission income | |
Investment income | |
Realised gains and fair value changes on investments | |
Total investment income | -0 |
Valuation result and net trading income | 74 |
Other income | -9 |
Total other income | 65 |
Total income | 181 |
Expenses excl. regulatory costs | 175 |
Regulatory costs | 26 |
Operating expenses | 201 |
Gross result | -20 |
Addition to loan loss provisions | 0 |
Result before tax | -20 |
Taxation | -5 |
Non-controlling interests | 2 |
Net result | -18 |
Key figures | |
Cost/income ratio | 111.0% |
Return on equity based on 12.5% CET1 1) | -2.0% |
Risk costs in bps of average customer lending | 3 |
Risk-weighted assets (end of period) | 24,837 |
Four-quarter rolling average key figures | |
Cost/income ratio | 77.5% |
Return on equity based on 12.5% CET1 1) | 5.3% |
1) After-tax return divided by average equity based on 12.5% of RWA (annualised). |
Return on equity of ING's total Financial Markets activities, including Retail Banking |
4Q2020 | 3Q2020 | 3Q2019 | 2Q2019 | |||
110 | 97 | 125 | 111 | |||
-8 | -9 | -29 | -30 | |||
-3 | -2 | -2 | -3 | |||
98 | 86 | 94 | 79 | |||
19 | 26 | 46 | 11 | |||
-0 | -0 | 0 | -0 | |||
0 | 1 | 1 | ||||
0 | -0 | 0 | -3 | 1 | 1 | 0 |
191 | 281 | 23 | 24 | 95 | 104 | 84 |
-6 | -9 | -9 | -10 | -3 | -11 | -0 |
184 | 272 | 14 | 15 | 92 | 93 | 84 |
297 | 406 | 154 | 147 | 232 | 183 | 196 |
183 | 185 | 194 | 206 | 198 | 200 | 196 |
1 | 3 | 38 | 42 | 1 | 2 | 35 |
184 | 188 | 232 | 248 | 199 | 202 | 231 |
113 | 218 | -78 | -101 | 33 | -19 | -35 |
2 | 1 | -0 | 0 | -0 | 1 | -2 |
111 | 217 | -78 | -101 | 33 | -20 | -33 |
33 | 63 | -22 | -29 | 12 | -5 | -8 |
1 | 3 | 2 | 1 | 1 | 1 | 1 |
77 | 151 | -58 | -73 | 20 | -16 | -26 |
61.8% | 46.3% | 150.8% | 168.5% | 85.7% | 110.4% | 117.8% |
9.9% | 19.6% | -8.3% | -12.0% | 3.6% | -2.4% | -3.9% |
64 | 29 | -2 | 6 | -0 | 20 | -54 |
24,402 | 26,139 | 24,159 | 18,744 | 19,351 | 17,913 | 21,012 |
84.8% | 92.3% | 123.0% | 116.0% | 112.2% | 116.7% | 109.5% |
3.7% | 1.8% | -4.9% | -3.7% | -3.1% | -3.8% | -2.4% |
2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | |
21.2% | -4.6% | -7.1% | 6.2% | 1.4% | -1.2% | |
4.9% | -1.2% | -0.2% | 0.3% | -0.2% | 1.1% |
3Q2020
Key figures
Return on equity based on 12.5% CET1 1)
Four-quarter rolling average key figures Return on equity based on 12.5% CET1 1)
12.5%
1Q2019 | FY2020 | FY2019 |
122 | 437 | 505 |
-29 | -53 | -114 |
-0 | -8 | -7 |
92 | 377 | 384 |
20 | 125 | 94 |
0 | -0 | -3 |
0 | 1 | |
0 | -2 | |
569 | 307 | |
-33 | -24 | |
535 | 283 | |
1,038 | 758 | |
737 | 800 | |
68 | 80 | |
804 | 880 | |
233 | -122 | |
4 | -1 | |
230 | -121 | |
69 | -30 | |
8 | 5 | |
152 | -96 | |
77.5% | 116.0% | |
5.3% | -3.7% | |
22 | -5 | |
24,837 | 18,744 | |
FY2020 | FY2019 | |
8.0% | -0.2% |
6.7%
ING 1.15 Profit or loss: WB - Treasury & Other
Profit or loss Wholesale Banking - Treasury & Other
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Balance sheet related interest | 70 | 56 | 53 | 51 | 60 | 47 | 34 | 44 | 231 | 185 |
Capital charge on book equity | -1 | -2 | -8 | -19 | -21 | -26 | -33 | -33 | -30 | -114 |
Interest benefit on total capital | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -0 | -3 | -4 |
Net interest income | 68 | 53 | 45 | 32 | 38 | 19 | -0 | 11 | 198 | 68 |
Net fee and commission income | 1 | -1 | 8 | 5 | 18 | 1 | 16 | 4 | 13 | 39 |
Investment income | 2 | 0 | 0 | 0 | -1 | -2 | 2 | 3 | 3 | 2 |
Realised gains and fair value changes on investments | 1 | 1 | 3 | 3 | -1 | 1 | 3 | 5 | 7 | 8 |
Total investment income | 2 | 1 | 3 | 4 | -2 | -0 | 5 | 8 | 10 | 10 |
Valuation result and net trading income | -25 | 10 | -15 | 36 | 6 | 7 | 24 | 11 | 6 | 48 |
Other income | 6 | -0 | 9 | 62 | 1 | 22 | 8 | 9 | 76 | 40 |
Total other income | -19 | 10 | -5 | 98 | 7 | 29 | 32 | 21 | 83 | 89 |
Total income | 53 | 64 | 50 | 138 | 61 | 49 | 52 | 44 | 304 | 206 |
Expenses excl. regulatory costs | 148 | 55 | 316 | 63 | 69 | 70 | 68 | 61 | 582 | 269 |
Regulatory costs | 10 | 6 | 8 | 23 | 12 | 7 | 7 | 18 | 47 | 44 |
Operating expenses | 158 | 62 | 324 | 86 | 81 | 78 | 75 | 79 | 629 | 313 |
Gross result | -106 | 2 | -274 | 52 | -20 | -29 | -23 | -36 | -326 | -108 |
Addition to loan loss provisions | 4 | 1 | 2 | 6 | 11 | -8 | 14 | -2 | 13 | 15 |
Result before tax | -110 | 1 | -276 | 46 | -31 | -21 | -37 | -34 | -339 | -123 |
Taxation | -22 | -13 | -19 | 3 | 16 | -5 | -103 | -8 | -51 | -100 |
Non-controlling interests | -1 | -1 | -1 | -2 | -2 | -1 | -1 | -2 | -4 | -5 |
Net result | -88 | 15 | -256 | 44 | -46 | -15 | 66 | -23 | -284 | -18 |
Key figures | ||||||||||
Cost/income ratio | 301.2% | 96.9% | n.a. | 62.3% | 132.6% | 159.6% | 144.7% | 181.1% | 207.2% | 152.3% |
Return on equity based on 12.5% CET1 1) | -41.1% | 6.0% | -79.5% | 12.8% | -16.4% | -5.4% | 22.8% | -8.7% | -25.9% | -2.0% |
Risk costs in bps of average customer lending | 32 | 7 | 9 | 29 | 82 | -58 | 102 | -14 | 19 | 28 |
Risk-weighted assets (end of period) | 6,906 | 6,818 | 8,512 | 12,142 | 9,182 | 9,249 | 9,461 | 8,965 | 6,906 | 9,182 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 207.2% | 176.7% | 191.0% | 106.7% | 152.3% | 480.1% | 243.1% | 194.6% | ||
Return on equity based on 12.5% CET1 1) | -25.9% | -20.9% | -22.4% | 3.8% | -2.0% | -5.6% | -3.4% | -9.1% |
1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.16 Profit or loss: Corporate Line
Profit or loss Corporate Line
In € million
Balance sheet related interest
Capital charge on book equity
Interest benefit on total capital
Net interest income
Net fee and commission income
Investment income
Realised gains and fair value changes on investments Total investment income
Valuation result and net trading income
Other income
Total other income Total income
Expenses excl. regulatory costs Regulatory costs
Operating expenses Gross result
Addition to loan loss provisions Result before tax
Risk-weighted assets (end of period)
Taxation Non-controlling interests Net result
Key figures
Employees (internal FTEs, end of period)
-35 -33
4Q2020 | 3Q2020 | 2Q2020 |
-42 | -38 | 5 |
23 | 30 | 51 |
42 | 23 | 14 |
24 | 15 | 70 |
-0 | 2 | -2 |
0 | 0 | 0 |
-0 | ||
0 | ||
-25 | ||
-2 | ||
-26 | ||
42 | ||
111 | ||
1 | ||
112 | ||
-70 | ||
0 | ||
-70 | ||
-71 | ||
- | ||
1Q2020 | 4Q2019 | |||
-13 | -32 | |||
96 | 110 | |||
20 | 32 | |||
103 | 109 | |||
-1 | -0 | |||
0 | 7 | |||
0 | 0 | |||
0 | 7 | -1 | ||
-53 | -60 | -45 | ||
31 | 15 | 22 | ||
-22 | -45 | -23 | ||
80 | 71 | 84 | ||
42 | 66 | 49 | ||
-0 | 0 | 1 | ||
42 | 66 | 49 | ||
39 | 5 | 35 | ||
3 | -0 | -0 | ||
36 | 5 | 35 | ||
57 | 34 | 34 | ||
- | -0 | -0 | -0 | |
-127 | 1 | -20 | -29 | 1 |
2,612 | 2,637 | 2,650 | 2,425 | 2,758 |
7 | 5 | 5 | 5 | 2 |
3Q2019 | 2Q2019 | 1Q2019 | FY2019 |
-61 | -56 | -32 | -181 |
128 | 147 | 150 | 535 |
42 | 38 | 6 | 117 |
108 | 129 | 123 | 470 |
0 | -3 | -2 | -6 |
-1 | 0 | 119 | 125 |
0 | -0 | - | |
0 | 119 | 1 | 125 |
-19 | -18 | -146 | -142 |
74 | 10 | -47 | 120 |
54 | -8 | -193 | -22 |
180 | 233 | 18 | 568 |
98 | 96 | 383 | 309 |
-2 | -0 | 0 | -2 |
96 | 96 | 383 | 307 |
84 | 137 | -364 | 261 |
0 | -0 | 2 | -0 |
84 | 137 | -367 | 261 |
79 | 32 | -58 | 179 |
-0 | -0 | -0 | -0 |
5 | 105 | -308 | 82 |
3,111 | 3,002 | 2,503 | 2,425 |
2 | 2 | 7 | 5 |
FY2020
-0
-71 -6
-39 -22
134 95
-5 5
-88
200
100
212
-1
1
-
-
100 -122 -0 -122 5
ING 1.17 Geographical split: 4Q2020
Geographical split 4Q2020
Wholesale Banking
Netherlands | Belgium | Germany | |||||||||
Retail | Wholesale | Retail | Wholesale | Retail | Wholesale | ||||||
In € million | Total | Banking | Banking | Total | Banking | Banking | Total | Banking | Banking | Total | Banking |
Profit or loss | |||||||||||
Net interest income | 1,047 | 877 | 170 | 503 | 430 | 73 | 512 | 391 | 121 | 448 | 342 |
Net fee and commission income | 239 | 175 | 64 | 149 | 106 | 43 | 136 | 125 | 11 | 72 | 50 |
Investment income | 2 | 2 | 0 | -0 | -0 | 0 | 1 | 1 | -0 | 0 | 0 |
Other income | 25 | 29 | -4 | 40 | 36 | 4 | 17 | 11 | 7 | 7 | -1 |
Total income | 1,312 | 1,083 | 230 | 693 | 572 | 120 | 666 | 528 | 138 | 527 | 391 |
Expenses excl. regulatory costs | 780 | 507 | 273 | 455 | 387 | 68 | 287 | 250 | 36 | 370 | 326 |
Regulatory costs | 130 | 110 | 20 | 35 | 25 | 10 | 23 | 22 | 1 | 44 | 43 |
Operating expenses | 909 | 616 | 293 | 490 | 412 | 78 | 310 | 272 | 38 | 414 | 368 |
Gross result | 403 | 466 | -63 | 202 | 160 | 42 | 357 | 256 | 100 | 113 | 23 |
Addition to loan loss provisions | -27 | -29 | 2 | 121 | 95 | 26 | 7 | 17 | -10 | 43 | 18 |
Result before tax | 430 | 495 | -65 | 81 | 66 | 16 | 350 | 239 | 110 | 70 | 5 |
Retail Banking | 495 | 495 | 66 | 66 | 239 | 239 | 5 | 5 | |||
Wholesale Banking | -65 | -65 | 16 | 16 | 110 | 110 | 66 | ||||
Corporate Line | |||||||||||
Result before tax | 430 | 495 | -65 | 81 | 66 | 16 | 350 | 239 | 110 | 70 | 5 |
Customer lending/deposits (in € billion) | |||||||||||
Residential mortgages | 110.8 | 110.2 | 0.5 | 38.7 | 38.6 | 0.1 | 80.3 | 80.2 | 0.1 | 59.1 | 59.1 |
Other customer lending | 72.0 | 46.6 | 25.4 | 64.8 | 51.0 | 13.8 | 41.9 | 11.1 | 30.8 | 32.0 | 10.2 |
Customer deposits | 199.0 | 165.2 | 33.7 | 108.9 | 93.5 | 15.4 | 145.6 | 144.3 | 1.3 | 100.4 | 98.4 |
Key figures | |||||||||||
Cost/income ratio | 69.3% | 56.9% | 127.5% | 70.8% | 72.0% | 65.0% | 46.5% | 51.5% | 27.2% | 78.5% | 94.2% |
Return on equity based on 12.5% CET1 2) | 14.2% | 27.2% | -5.5% | 3.5% | 3.9% | 2.2% | 16.4% | 16.7% | 15.8% | 3.8% | 0.1% |
Risk costs in bps of average customer lending | -6 | -7 | 3 | 46 | 42 | 74 | 2 | 7 | -12 | 19 | 10 |
Risk-weighted assets (end of period) | 71,383 | 42,068 | 29,315 | 54,014 | 40,467 | 13,546 | 45,852 | 29,459 | 16,393 | 35,649 | 18,718 |
Employees (internal FTEs, end of period) | 17,095 | 9,963 | 7,132 | 8,750 | 7,631 | 1,119 | 6,183 | 5,750 | 432 | 6,110 | 5,519 |
Four-quarter rolling average key figures | |||||||||||
Cost/income ratio | 60.2% | 50.0% | 102.3% | 70.4% | 73.2% | 57.5% | 47.3% | 52.4% | 28.2% | 75.1% | 88.7% |
Return on equity based on 12.5% CET1 2) | 13.5% | 26.6% | -8.0% | 2.6% | 1.3% | 6.3% | 13.1% | 17.3% | 6.5% | 2.9% | -1.6% |
Other Challengers | ||
Retail | Wholesale | |
Banking | Total | Banking |
106 | 383 | 335 |
22 | 76 | 61 |
0 | 1 | 1 |
8 | 70 | 38 |
136 | 530 | 435 |
44 | 265 | 234 |
1 | 53 | 45 |
46 | 318 | 279 |
91 | 212 | 157 |
25 | 141 | 158 |
66 | 71 | -1 |
-1 | -1 | |
66 | 72 | |
66 | 71 | -1 |
0.0 | 13.1 | 13.0 |
21.9 | 24.9 | 16.7 |
2.0 | 46.6 | 42.7 |
33.5% | 60.0% | 64.0% |
7.9% | 3.3% | -1.6% |
46 | 149 | 213 |
16,932 | 38,361 | 29,334 |
591 | 15,181 | 13,835 |
35.1% | 61.2% | 63.9% |
7.9% | 5.0% | 3.4% |
Growth Markets | |||||
Retail | Wholesale | Corporate | |||
Banking | Total | Banking | Total | Line | |
48 | 427 | 427 | 24 | 24 | |
15 | 100 | 100 | -0 | -0 | |
0 | 0 | 0 | 2 | 0 | |
32 | -9 | -9 | -103 | -106 | |
95 | 518 | 518 | -77 | -83 | |
31 | 291 | 291 | 135 | 134 | |
9 | 51 | 51 | -5 | -5 | |
40 | 343 | 343 | 130 | 129 | |
55 | 175 | 175 | -207 | -212 | |
-17 | -77 | -77 | -0 | -0 | |
72 | 251 | 251 | -207 | 4 | -212 |
72 | 251 | 251 | 4 | 4 | |
-212 | -212 | ||||
72 | 251 | 251 | -207 | 4 | -212 |
0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
8.2 | 65.8 | 65.8 | 0.4 | 0.0 | 0.4 |
3.9 | 9.2 | 9.2 | 0.0 | 0.0 | 0.0 |
41.7% | 66.3% | 66.3% | n.a. | 14.5% | n.a. |
19.1% | 10.7% | 10.7% | -192.2% | 117.2% | -203.1% |
-80 | -46 | -46 | -4 | n.a. | -4 |
9,028 | 58,473 | 58,473 | 2,592 | 89 | 2,503 |
1,346 | 3,703 | 3,703 | 12 | 5 | 7 |
49.1% | 55.0% | 55.0% | n.a. | n.a. | n.a. |
9.9% | 3.3% | 3.3% | -91.8% | 3.8% | -53.8% |
Wholesale
Rest of World
Other1)
Wholesale
Banking
0 -0 2 3 5 1 0 1 4
-
1) Region Other consists of Corporate Line and Real Estate run-off portfolio.
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.18 Geographical split: Comparable quarters
Geographical split comparable quarters
Total | Netherlands | Belgium | ||||
In € million | 4Q2020 | 4Q2019 | 4Q2020 | 4Q2019 | 4Q2020 | |
Profit or loss | ||||||
Net interest income | 3,344 | 3,597 | 1,047 | 1,095 | 503 | |
Net fee and commission income | 771 | 735 | 239 | 249 | 149 | |
Investment income | 6 | 26 | 2 | 3 | -0 | |
Other income | 48 | 81 | 25 | 4 | 40 | |
Total income | 4,169 | 4,439 | 1,312 | 1,351 | 693 | |
Expenses excl. regulatory costs | 2,583 | 2,372 | 780 | 707 | 455 | |
Regulatory costs | 331 | 303 | 130 | 98 | 35 | |
Operating expenses | 2,914 | 2,675 | 909 | 805 | 490 | |
Gross result | 1,255 | 1,764 | 403 | 546 | 202 | |
Addition to loan loss provisions | 208 | 428 | -27 | 49 | 121 | |
Result before tax | 1,046 | 1,337 | 430 | 496 | 81 | |
Retail Banking | 804 | 1,096 | 495 | 537 | 66 | |
Wholesale Banking | 454 | 236 | -65 | -41 | 16 | |
Corporate Line | -212 | 5 | - | - | - | - |
Result before tax | 1,046 | 1,337 | 430 | 496 | 81 | 115 |
Taxation | 304 | 428 | 108 | 117 | 22 | 38 |
Non-controlling interests | 15 | 28 | 0 | 0 | 0 | 0 |
Net result | 727 | 880 | 322 | 379 | 59 | 78 |
Customer lending/deposits (in € billion) | ||||||
Residential mortgages | 302.0 | 298.0 | 110.8 | 112.4 | 38.7 | 39.3 |
Other customer lending | 301.9 | 318.3 | 72.0 | 75.6 | 64.8 | 67.6 |
Customer deposits | 609.6 | 574.4 | 199.0 | 178.7 | 108.9 | 105.2 |
Key figures | ||||||
Cost/income ratio | 69.9% | 60.3% | 69.3% | 59.6% | 70.8% | 67.6% |
Return on equity based on 12.5% CET1 1) | 7.7% | 9.0% | 14.2% | 15.2% | 3.5% | 4.6% |
Risk costs in bps of average customer lending | 14 | 28 | -6 | 10 | 46 | 40 |
Risk-weighted assets (end of period) | 306,324 | 326,414 | 71,383 | 78,334 | 54,014 | 54,427 |
Employees (internal FTEs, end of period) | 57,034 | 54,514 | 17,095 | 15,926 | 8,750 | 9,345 |
Four-quarter rolling average key figures | ||||||
Cost/income ratio | 63.2% | 56.6% | 60.2% | 56.2% | 70.4% | 64.2% |
Return on equity based on 12.5% CET1 1) | 6.4% | 12.3% | 13.5% | 17.0% | 2.6% | 8.2% |
Germany | ||||||||||
4Q2019 | 4Q2020 | 4Q2019 | 4Q2020 | 4Q2019 | 4Q2020 | 4Q2019 | 4Q2020 | 4Q2019 | ||
565 | 512 | 523 | 448 | 473 | 383 | 410 | 427 | 424 | ||
132 | 136 | 88 | 72 | 71 | 76 | 73 | 100 | 121 | ||
7 | 1 | 13 | 0 | 0 | 1 | -1 | 0 | -3 | ||
-15 | 17 | 7 | 7 | 7 | 70 | 84 | -9 | 39 | ||
687 | 666 | 632 | 527 | 552 | 530 | 567 | 518 | 581 | ||
428 | 287 | 275 | 370 | 300 | 265 | 287 | 291 | 308 | ||
37 | 23 | 24 | 44 | 32 | 53 | 58 | 51 | 54 | ||
465 | 310 | 299 | 414 | 332 | 318 | 345 | 343 | 362 | ||
222 | 357 | 333 | 113 | 220 | 212 | 222 | 175 | 219 | ||
107 | 7 | -10 | 43 | 45 | 141 | 69 | -77 | 167 | ||
115 | 350 | 342 | 70 | 175 | 71 | 152 | 251 | 52 | ||
111 | 239 | 241 | 5 | 88 | -1 | 117 | - | - | ||
4 | 110 | 101 | 66 | 87 | 72 | 35 | 251 | 52 | 4 | -2 |
- | - | - | - | - | - | - | - | -212 | 5 | |
350 | 342 | 70 | 175 | 71 | 152 | 251 | 52 | -207 | 3 | |
112 | 120 | 28 | 60 | 31 | 37 | 50 | 24 | -48 | 32 | |
1 | 1 | - | - | 14 | 27 | - | - | - | -0 | |
237 | 221 | 42 | 115 | 25 | 88 | 201 | 28 | -159 | -29 | |
80.3 | 76.1 | 59.1 | 58.1 | 13.1 | 12.1 | 0.0 | 0.0 | 0.0 | 0.0 | |
41.9 | 44.3 | 32.0 | 32.6 | 24.9 | 27.7 | 65.8 | 70.2 | 0.4 | 0.4 | |
145.6 | 139.5 | 100.4 | 95.3 | 46.6 | 43.7 | 9.2 | 12.0 | -0.0 | 0.0 | |
46.5% | 47.3% | 78.5% | 60.2% | 60.0% | 60.9% | 66.3% | 62.3% | n.a. | 95.9% | |
16.4% | 15.7% | 3.8% | 10.3% | 3.3% | 8.6% | 10.7% | 1.5% | -192.2% | -34.0% | |
2 | -3 | 19 | 20 | 149 | 71 | -46 | 95 | -4 | -2 | |
45,852 | 46,126 | 35,649 | 36,078 | 38,361 | 43,896 | 58,473 | 65,017 | 2,592 | 2,536 | |
6,183 | 5,440 | 6,110 | 5,486 | 15,181 | 14,564 | 3,703 | 3,744 | 12 | 9 | |
47.3% | 47.5% | 75.1% | 62.5% | 61.2% | 54.7% | 55.0% | 54.6% | n.a. | n.a. | |
13.1% | 16.9% | 2.9% | 9.3% | 5.0% | 12.0% | 3.3% | 8.1% | -91.8% | 22.7% |
Other Challengers
Growth Markets
Wholesale Banking | |
Rest of World | Other |
4Q2020 | 4Q2019 |
24 | 108 |
-0 | -0 |
2 | 7 |
-103 | -45 |
-77 | 69 |
135 | 66 |
-5 | 0 |
130 | 66 |
-207 | 3 |
-0 | -0 |
-207 | 3 |
- |
-
1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.19 Geographical split: Netherlands
Geographical split Netherlands
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Profit or loss | ||||||||||
Net interest income | 1,047 | 1,034 | 1,041 | 1,056 | 1,095 | 1,057 | 1,026 | 1,035 | 4,178 | 4,213 |
Net fee and commission income | 239 | 249 | 238 | 255 | 249 | 258 | 243 | 244 | 981 | 994 |
Investment income | 2 | 3 | 12 | 2 | 3 | 2 | 9 | 3 | 18 | 17 |
Other income | 25 | 171 | 178 | 6 | 4 | 20 | 78 | 0 | 379 | 102 |
Total income | 1,312 | 1,457 | 1,470 | 1,319 | 1,351 | 1,337 | 1,356 | 1,282 | 5,557 | 5,325 |
Expenses excl. regulatory costs | 780 | 677 | 925 | 650 | 707 | 692 | 686 | 640 | 3,032 | 2,725 |
Regulatory costs | 130 | 25 | 40 | 121 | 98 | 26 | 30 | 116 | 316 | 270 |
Operating expenses | 909 | 702 | 965 | 771 | 805 | 717 | 716 | 756 | 3,347 | 2,994 |
Gross result | 403 | 755 | 505 | 548 | 546 | 619 | 640 | 526 | 2,210 | 2,331 |
Addition to loan loss provisions | -27 | 129 | 256 | 64 | 49 | 19 | 55 | 23 | 421 | 146 |
Result before tax | 430 | 626 | 248 | 484 | 496 | 601 | 585 | 503 | 1,788 | 2,185 |
Retail Banking | 495 | 540 | 489 | 554 | 537 | 535 | 599 | 533 | 2,078 | 2,204 |
Wholesale Banking | -65 | 86 | -240 | -70 | -41 | 66 | -14 | -31 | -290 | -19 |
Corporate Line | - | - | ||||||||
Result before tax | 430 | 626 | 248 | 484 | 496 | 601 | 585 | 503 | 1,788 | 2,185 |
Customer lending/deposits (in € billion) | ||||||||||
Residential mortgages | 110.8 | 111.4 | 111.9 | 112.2 | 112.4 | 113.2 | 113.0 | 112.7 | 110.8 | 112.4 |
Other customer lending | 72.0 | 73.5 | 79.3 | 77.7 | 75.6 | 77.2 | 76.2 | 76.1 | 72.0 | 75.6 |
Customer deposits | 199.0 | 197.7 | 196.4 | 188.1 | 178.7 | 176.4 | 176.3 | 170.8 | 199.0 | 178.7 |
Key figures | ||||||||||
Cost/income ratio | 69.3% | 48.2% | 65.7% | 58.5% | 59.6% | 53.7% | 52.8% | 59.0% | 60.2% | 56.2% |
Return on equity based on 12.5% CET1 1) | 14.2% | 20.3% | 4.5% | 15.2% | 15.2% | 17.5% | 18.7% | 16.8% | 13.5% | 17.0% |
Risk costs in bps of average customer lending | -6 | 27 | 54 | 14 | 10 | 4 | 12 | 5 | 22 | 8 |
Risk-weighted assets (end of period) | 71,383 | 73,582 | 73,763 | 78,807 | 78,334 | 81,602 | 79,115 | 71,353 | 71,383 | 78,334 |
Employees (internal FTEs, end of period) | 17,095 | 16,675 | 16,351 | 16,217 | 15,926 | 15,601 | 15,272 | 14,834 | 17,095 | 15,926 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 60.2% | 58.0% | 59.5% | 56.1% | 56.2% | 55.2% | 53.2% | 51.1% | ||
Return on equity based on 12.5% CET1 1) | 13.5% | 13.8% | 13.2% | 16.6% | 17.0% | 17.9% | 20.1% | 22.5% |
1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.20 Geographical split: Belgium
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Profit or loss | ||||||||||
Net interest income | 503 | 523 | 534 | 556 | 565 | 556 | 561 | 551 | 2,116 | 2,233 |
Net fee and commission income | 149 | 132 | 154 | 149 | 132 | 132 | 141 | 129 | 583 | 533 |
Investment income | -0 | 1 | -0 | 18 | 7 | 1 | 6 | 10 | 19 | 23 |
Other income | 40 | 56 | 83 | -3 | -15 | 64 | 103 | 59 | 177 | 210 |
Total income | 693 | 712 | 770 | 720 | 687 | 753 | 810 | 748 | 2,896 | 2,999 |
Expenses excl. regulatory costs | 455 | 421 | 464 | 441 | 428 | 437 | 414 | 409 | 1,781 | 1,687 |
Regulatory costs | 35 | -0 | 10 | 211 | 37 | -2 | -4 | 207 | 256 | 238 |
Operating expenses | 490 | 421 | 474 | 652 | 465 | 436 | 409 | 615 | 2,037 | 1,925 |
Gross result | 202 | 291 | 296 | 68 | 222 | 317 | 401 | 133 | 858 | 1,073 |
Addition to loan loss provisions | 121 | 130 | 194 | 144 | 107 | 62 | 22 | 77 | 589 | 268 |
Result before tax | 81 | 161 | 102 | -76 | 115 | 255 | 379 | 56 | 269 | 805 |
Retail Banking | 66 | 92 | 56 | -92 | 111 | 207 | 295 | 33 | 122 | 647 |
Wholesale Banking | 16 | 69 | 45 | 16 | 4 | 48 | 84 | 22 | 147 | 158 |
Corporate Line | - | - | ||||||||
Result before tax | 81 | 161 | 102 | -76 | 115 | 255 | 379 | 56 | 269 | 805 |
Customer lending/deposits (in € billion) | ||||||||||
Residential mortgages | 38.7 | 38.7 | 39.0 | 39.1 | 39.3 | 39.4 | 38.8 | 38.5 | 38.7 | 39.3 |
Other customer lending | 64.8 | 66.5 | 68.2 | 70.8 | 67.6 | 66.5 | 68.0 | 67.8 | 64.8 | 67.6 |
Customer deposits | 108.9 | 108.3 | 111.3 | 109.9 | 105.2 | 110.5 | 105.1 | 104.0 | 108.9 | 105.2 |
Key figures | ||||||||||
Cost/income ratio | 70.8% | 59.1% | 61.6% | 90.5% | 67.6% | 57.9% | 50.5% | 82.2% | 70.4% | 64.2% |
Return on equity based on 12.5% CET1 2) | 3.5% | 6.9% | 3.6% | -3.6% | 4.6% | 10.5% | 15.4% | 2.5% | 2.6% | 8.2% |
Risk costs in bps of average customer lending | 46 | 49 | 72 | 53 | 40 | 23 | 8 | 29 | 55 | 25 |
Risk-weighted assets (end of period) | 54,014 | 54,807 | 56,232 | 58,547 | 54,427 | 53,894 | 54,193 | 54,225 | 54,014 | 54,427 |
Employees (internal FTEs, end of period) | 8,750 | 8,936 | 8,920 | 9,105 | 9,345 | 9,279 | 9,309 | 9,324 | 8,750 | 9,345 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 70.4% | 69.6% | 69.2% | 66.0% | 64.2% | 61.5% | 61.5% | 63.7% | ||
Return on equity based on 12.5% CET1 2) | 2.6% | 2.8% | 3.7% | 6.6% | 8.2% | 10.4% | 10.3% | 9.5% | ||
1) Including ING Luxembourg. |
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.21 Geographical split: Germany
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Profit or loss | ||||||||||
Net interest income | 512 | 519 | 534 | 525 | 523 | 538 | 535 | 525 | 2,090 | 2,122 |
Net fee and commission income | 136 | 104 | 118 | 110 | 88 | 85 | 77 | 65 | 468 | 315 |
Investment income | 1 | 3 | -0 | 0 | 13 | 5 | 7 | 13 | 4 | 38 |
Other income | 17 | 25 | 39 | 41 | 7 | 36 | 36 | 53 | 122 | 131 |
Total income | 666 | 651 | 691 | 676 | 632 | 664 | 654 | 656 | 2,684 | 2,606 |
Expenses excl. regulatory costs | 287 | 290 | 294 | 296 | 275 | 269 | 305 | 277 | 1,167 | 1,126 |
Regulatory costs | 23 | 19 | 19 | 43 | 24 | 15 | 16 | 56 | 104 | 111 |
Operating expenses | 310 | 309 | 313 | 339 | 299 | 284 | 321 | 333 | 1,270 | 1,237 |
Gross result | 357 | 342 | 378 | 337 | 333 | 380 | 333 | 323 | 1,414 | 1,369 |
Addition to loan loss provisions | 7 | 19 | 228 | 13 | -10 | 2 | -14 | -18 | 267 | -40 |
Result before tax | 350 | 323 | 150 | 324 | 342 | 377 | 347 | 341 | 1,146 | 1,409 |
Retail Banking | 239 | 217 | 262 | 232 | 241 | 268 | 248 | 201 | 950 | 957 |
Wholesale Banking | 110 | 106 | -112 | 92 | 101 | 110 | 99 | 141 | 197 | 451 |
Corporate Line | - | - | ||||||||
Result before tax | 350 | 323 | 150 | 324 | 342 | 377 | 347 | 341 | 1,146 | 1,409 |
Customer lending/deposits (in € billion) | ||||||||||
Residential mortgages | 80.3 | 78.8 | 77.5 | 76.4 | 76.1 | 75.8 | 74.7 | 73.9 | 80.3 | 76.1 |
Other customer lending | 41.9 | 43.7 | 44.8 | 45.1 | 44.3 | 46.1 | 46.9 | 45.5 | 41.9 | 44.3 |
Customer deposits | 145.6 | 142.9 | 141.0 | 138.4 | 139.5 | 138.1 | 138.0 | 138.2 | 145.6 | 139.5 |
Key figures | ||||||||||
Cost/income ratio | 46.5% | 47.5% | 45.3% | 50.1% | 47.3% | 42.8% | 49.1% | 50.7% | 47.3% | 47.5% |
Return on equity based on 12.5% CET1 2) | 16.4% | 15.3% | 5.5% | 15.4% | 15.7% | 18.3% | 17.2% | 16.4% | 13.1% | 16.9% |
Risk costs in bps of average customer lending | 2 | 6 | 75 | 4 | -3 | 1 | -5 | -6 | 22 | -3 |
Risk-weighted assets (end of period) | 45,852 | 47,009 | 46,640 | 47,017 | 46,126 | 44,335 | 44,917 | 42,622 | 45,852 | 46,126 |
Employees (internal FTEs, end of period) | 6,183 | 6,031 | 5,839 | 5,677 | 5,440 | 5,307 | 5,331 | 5,226 | 6,183 | 5,440 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 47.3% | 47.5% | 46.4% | 47.3% | 47.5% | 46.7% | 46.7% | 45.8% | ||
Return on equity based on 12.5% CET1 2) | 13.1% | 12.9% | 13.6% | 16.6% | 16.9% | 18.2% | 18.2% | 17.8% | ||
1) Including ING Austria. |
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.22 Geographical split: Other Challengers
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Profit or loss | ||||||||||
Net interest income | 448 | 439 | 444 | 449 | 473 | 449 | 444 | 441 | 1,781 | 1,808 |
Net fee and commission income | 72 | 68 | 66 | 70 | 71 | 70 | 73 | 68 | 276 | 283 |
Investment income | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | 1 | -0 |
Other income | 7 | 6 | -8 | 21 | 7 | 3 | 12 | -6 | 27 | 17 |
Total income | 527 | 514 | 502 | 541 | 552 | 523 | 527 | 505 | 2,084 | 2,107 |
Expenses excl. regulatory costs | 370 | 464 | 315 | 308 | 300 | 326 | 297 | 296 | 1,458 | 1,218 |
Regulatory costs | 44 | 19 | 20 | 26 | 32 | 22 | 20 | 26 | 108 | 100 |
Operating expenses | 414 | 483 | 336 | 334 | 332 | 348 | 317 | 321 | 1,566 | 1,318 |
Gross result | 113 | 31 | 167 | 207 | 220 | 176 | 211 | 183 | 518 | 790 |
Addition to loan loss provisions | 43 | 43 | 137 | 75 | 45 | 35 | 48 | 44 | 298 | 171 |
Result before tax | 70 | -12 | 29 | 132 | 175 | 141 | 163 | 139 | 220 | 618 |
Retail Banking | 5 | -105 | 10 | 64 | 88 | 55 | 91 | 72 | -27 | 307 |
Wholesale Banking | 66 | 93 | 20 | 68 | 87 | 86 | 71 | 67 | 247 | 311 |
Corporate Line | - | - | ||||||||
Result before tax | 70 | -12 | 29 | 132 | 175 | 141 | 163 | 139 | 220 | 618 |
Customer lending/deposits (in € billion) | ||||||||||
Residential mortgages | 59.1 | 57.6 | 57.7 | 54.8 | 58.1 | 56.9 | 55.5 | 56.2 | 59.1 | 58.1 |
Other customer lending | 32.0 | 32.7 | 33.9 | 32.9 | 32.6 | 33.1 | 32.6 | 31.4 | 32.0 | 32.6 |
Customer deposits | 100.4 | 98.7 | 98.0 | 92.5 | 95.3 | 94.9 | 96.0 | 95.6 | 100.4 | 95.3 |
Key figures | ||||||||||
Cost/income ratio | 78.5% | 94.0% | 66.8% | 61.7% | 60.2% | 66.4% | 60.1% | 63.7% | 75.1% | 62.5% |
Return on equity based on 12.5% CET1 2) | 3.8% | -1.8% | 1.6% | 7.9% | 10.3% | 8.6% | 10.2% | 8.2% | 2.9% | 9.3% |
Risk costs in bps of average customer lending | 19 | 19 | 61 | 34 | 20 | 16 | 22 | 20 | 33 | 19 |
Risk-weighted assets (end of period) | 35,649 | 34,765 | 35,038 | 34,976 | 36,078 | 35,544 | 35,561 | 34,855 | 35,649 | 36,078 |
Employees (internal FTEs, end of period) | 6,110 | 6,115 | 5,990 | 5,817 | 5,486 | 5,375 | 5,219 | 5,058 | 6,110 | 5,486 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 75.1% | 70.4% | 63.7% | 62.0% | 62.5% | 67.2% | 65.7% | 66.3% | ||
Return on equity based on 12.5% CET1 2) | 2.9% | 4.6% | 7.1% | 9.3% | 9.3% | 6.9% | 7.2% | 7.2% | ||
1) Including Australia, Czech Republic, France, Italy, Spain and Portugal, Other. |
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.23 Geographical split: Growth Markets
In € million | 4Q2020 |
Profit or loss | |
Net interest income | 383 |
Net fee and commission income | 76 |
Investment income | 1 |
Other income | 70 |
Total income | 530 |
Expenses excl. regulatory costs | 265 |
Regulatory costs | 53 |
Operating expenses | 318 |
Gross result | 212 |
Addition to loan loss provisions | 141 |
Result before tax | 71 |
Retail Banking | -1 |
Wholesale Banking | 72 |
Corporate Line | |
Result before tax | 71 |
Customer lending/deposits (in € billion) | |
Residential mortgages | 13.1 |
Other customer lending | 24.9 |
Customer deposits | 46.6 |
Key figures | |
Cost/income ratio | 60.0% |
Return on equity based on 12.5% CET1 2) | 3.3% |
Risk costs in bps of average customer lending | 149 |
Risk-weighted assets (end of period) | 38,361 |
Employees (internal FTEs, end of period) | 15,181 |
Four-quarter rolling average key figures | |
Cost/income ratio | 61.2% |
Return on equity based on 12.5% CET1 2) | 5.0% |
1) Including Poland, Romania, Turkey, Philippines, Asian stakes. | |
In € million Result before tax
3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
396 | 389 | 410 | 410 | 400 | 391 | 409 | 1,578 | 1,610 |
78 | 62 | 69 | 73 | 75 | 82 | 74 | 286 | 304 |
96 | 7 | 0 | -1 | 97 | 4 | 4 | 104 | 104 |
-155 | 95 | 100 | 84 | 73 | 77 | 82 | 111 | 316 |
415 | 553 | 579 | 567 | 644 | 554 | 569 | 2,078 | 2,334 |
267 | 259 | 271 | 287 | 275 | 261 | 256 | 1,062 | 1,079 |
42 | 42 | 72 | 58 | 41 | 36 | 63 | 210 | 198 |
309 | 301 | 343 | 345 | 316 | 297 | 319 | 1,272 | 1,277 |
106 | 252 | 237 | 222 | 328 | 257 | 250 | 807 | 1,057 |
66 | 118 | 87 | 69 | 72 | 70 | 60 | 412 | 271 |
40 | 134 | 150 | 152 | 256 | 186 | 191 | 395 | 785 |
5 | 97 | 125 | 117 | 236 | 134 | 141 | 225 | 628 |
35 | 37 | 26 | 35 | 20 | 53 | 49 | 169 | 157 |
- | - | |||||||
40 | 134 | 150 | 152 | 256 | 186 | 191 | 395 | 785 |
12.6 | 12.6 | 12.0 | 12.1 | 11.2 | 10.9 | 10.4 | 13.1 | 12.1 |
25.2 | 26.0 | 27.2 | 27.7 | 27.3 | 27.4 | 27.3 | 24.9 | 27.7 |
46.9 | 47.1 | 43.9 | 43.7 | 41.4 | 40.8 | 39.3 | 46.6 | 43.7 |
74.5% | 54.4% | 59.1% | 60.9% | 49.0% | 53.7% | 56.1% | 61.2% | 54.7% |
0.2% | 7.7% | 8.1% | 8.7% | 17.0% | 11.4% | 11.5% | 5.0% | 12.1% |
69 | 122 | 88 | 71 | 75 | 74 | 64 | 107 | 71 |
37,811 | 39,810 | 43,955 | 43,896 | 40,965 | 41,180 | 40,038 | 38,361 | 43,896 |
14,984 | 14,928 | 14,910 | 14,564 | 14,634 | 14,639 | 14,520 | 15,181 | 14,564 |
61.4% | 55.7% | 55.5% | 54.7% | 52.9% | 51.7% | 51.8% | ||
6.3% | 10.3% | 11.2% | 12.1% | 12.5% | 12.6% | 12.4% | ||
2) After-tax return divided by average equity based on 12.5% of RWA (annualised). | ||||||||
Geographical split Growth Markets - Asian stakes | ||||||||
3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
-121 | 25 | 9 | 9 | 93 | 7 | 9 | -80 | 118 |
6,580 | 7,546 | 7,342 | 8,269 | 6,622 | 6,928 | 7,373 | 7,161 | 8,269 |
Risk-weighted assets (end of period)
4Q2020 6 7,161
Market value3) - Asian stakes
Bank of Beijing (13.0%)
In € million
TMB (23.0%)
Total valuation
3) Value of ING's stake, Bloomberg end of quarter data and FX rates.
ING 1.24 Geographical split: Wholesale Banking Rest of World
Geographical split Wholesale Banking Rest of World
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Profit or loss | ||||||||||
Net interest income | 427 | 403 | 418 | 405 | 424 | 422 | 386 | 401 | 1,654 | 1,633 |
Net fee and commission income | 100 | 101 | 86 | 131 | 121 | 127 | 99 | 98 | 418 | 446 |
Investment income | 0 | 0 | 0 | 0 | -3 | 1 | 1 | 0 | 0 | -2 |
Other income | -9 | 55 | 136 | 61 | 39 | 72 | 98 | 84 | 242 | 293 |
Total income | 518 | 560 | 640 | 597 | 581 | 622 | 584 | 583 | 2,315 | 2,370 |
Expenses excl. regulatory costs | 291 | 285 | 286 | 300 | 308 | 288 | 292 | 299 | 1,162 | 1,187 |
Regulatory costs | 51 | 2 | 5 | 53 | 54 | 3 | 1 | 48 | 111 | 106 |
Operating expenses | 343 | 286 | 290 | 353 | 362 | 291 | 294 | 346 | 1,273 | 1,293 |
Gross result | 175 | 273 | 350 | 244 | 219 | 331 | 290 | 237 | 1,042 | 1,077 |
Addition to loan loss provisions | -77 | 83 | 402 | 276 | 167 | 86 | 29 | 21 | 684 | 303 |
Result before tax | 251 | 191 | -52 | -32 | 52 | 245 | 262 | 216 | 357 | 774 |
Retail Banking | - | - | ||||||||
Wholesale Banking | 251 | 191 | -52 | -32 | 52 | 245 | 262 | 216 | 357 | 774 |
Corporate Line | - | - | ||||||||
Result before tax | 251 | 191 | -52 | -32 | 52 | 245 | 262 | 216 | 357 | 774 |
Customer lending/deposits (in € billion) | ||||||||||
Residential mortgages | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Other customer lending | 65.8 | 66.6 | 71.4 | 82.9 | 70.2 | 70.2 | 70.7 | 70.2 | 65.8 | 70.2 |
Customer deposits | 9.2 | 11.1 | 12.0 | 13.5 | 12.0 | 12.9 | 14.9 | 13.4 | 9.2 | 12.0 |
Key figures | ||||||||||
Cost/income ratio | 66.3% | 51.2% | 45.4% | 59.2% | 62.3% | 46.8% | 50.3% | 59.4% | 55.0% | 54.6% |
Return on equity based on 12.5% CET1 1) | 10.7% | 7.2% | -2.3% | -1.2% | 1.4% | 9.2% | 14.1% | 7.5% | 3.3% | 8.0% |
Risk costs in bps of average customer lending | -46 | 48 | 209 | 144 | 95 | 49 | 16 | 12 | 95 | 43 |
Risk-weighted assets (end of period) | 58,473 | 61,630 | 68,024 | 69,331 | 65,017 | 60,475 | 60,047 | 65,638 | 58,473 | 65,017 |
Employees (internal FTEs, end of period) | 3,703 | 3,739 | 3,733 | 3,716 | 3,744 | 3,779 | 3,748 | 3,689 | 3,703 | 3,744 |
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | 55.0% | 54.3% | 53.1% | 54.5% | 54.6% | 53.4% | 53.8% | 53.8% | ||
Return on equity based on 12.5% CET1 1) | 3.3% | 1.2% | 1.6% | 5.7% | 8.0% | 9.9% | 10.1% | 8.8% |
1) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 1.25 Geographical split: Other
In € million | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 | FY2020 | FY2019 |
Profit or loss | ||||||||||
Net interest income | 24 | 14 | 69 | 101 | 108 | 106 | 126 | 121 | 208 | 461 |
Net fee and commission income | -0 | 2 | -2 | -1 | -0 | -0 | -3 | -3 | -1 | -7 |
Investment income | 2 | 0 | 0 | 0 | 7 | -1 | 0 | 120 | 2 | 126 |
Other income | -103 | -39 | -24 | -21 | -45 | -21 | 56 | -5 | -186 | -14 |
Total income | -77 | -23 | 44 | 79 | 69 | 84 | 179 | 233 | 23 | 566 |
Expenses excl. regulatory costs | 135 | 97 | 112 | 42 | 66 | 48 | 99 | 97 | 387 | 310 |
Regulatory costs | -5 | 5 | 1 | 0 | 0 | 1 | -2 | -0 | 0 | -2 |
Operating expenses | 130 | 102 | 113 | 42 | 66 | 48 | 97 | 97 | 387 | 308 |
Gross result | -207 | -125 | -69 | 37 | 3 | 35 | 83 | 137 | -365 | 258 |
Addition to loan loss provisions | -0 | -0 | 0 | 3 | -0 | -0 | 0 | -0 | 2 | -0 |
Result before tax | -207 | -125 | -69 | 34 | 3 | 35 | 83 | 137 | -367 | 258 |
Retail Banking | - | - | ||||||||
Wholesale Banking | 4 | -3 | 0 | -2 | -2 | 1 | -1 | -0 | ||
Corporate Line | -212 | -122 | -70 | 36 | 5 | 35 | 84 | 137 | ||
Result before tax | -207 | -125 | -69 | 34 | 3 | 35 | 83 | 137 | ||
Customer lending/deposits (in € billion) | ||||||||||
Residential mortgages | 0.0 | -0.0 | -0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||
Other customer lending | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | ||
Customer deposits | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||
Key figures | ||||||||||
Cost/income ratio | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | ||
Return on equity based on 12.5% CET1 2) | -192.2% | -146.3% | -3.5% | -26.6% | -34.0% | 7.8% | -3.2% | 115.1% | ||
Risk costs in bps of average customer lending | -4 | -10 | 11 | 196 | -2 | -4 | 7 | -5 | ||
Risk-weighted assets (end of period) | 2,592 | 2,704 | 2,726 | 2,741 | 2,536 | 2,868 | 3,241 | 3,154 | ||
Employees (internal FTEs, end of period) | 12 | 12 | 10 | 9 | 9 | 6 | 6 | 6 | ||
Four-quarter rolling average key figures | ||||||||||
Cost/income ratio | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | ||
Return on equity based on 12.5% CET1 2) | -91.8% | -52.7% | -13.3% | -12.8% | 22.7% | 42.1% | -164.6% | -179.3% | ||
1) Region Other consists of Corporate Line and Real Estate run-off portfolio. |
2) After-tax return divided by average equity based on 12.5% of RWA (annualised).
ING 2.1 Consolidated Balance Sheet: Assets - Comparable quarters
ING Group: Assets
In € million
Cash and balances with central banks Loans and advances to banks
Financial assets at fair value through profit or loss
- trading assets
- non-trading derivatives
- designated as at fair value through profit or loss
- mandatorily at fair value through profit or loss
Financial assets at fair value OCI
- equity securities FV OCI
- debt securities FV OCI
- loans and advances FV OCI Securities at amortised cost Loans and advances to customers - customer lending
- provision for loan losses
Investments in associates and joint ventures Property and equipment
Intangible assets Current tax assets Deferred tax assets Other assets Assets held for sale Total assets
ING 2.2 Consolidated Balance Sheet: Assets - Quarterly overview
ING Group: Assets
In € million
Cash and balances with central banks Loans and advances to banks
Financial assets at fair value through profit or loss
- trading assets
- non-trading derivatives
- designated as at fair value through profit or loss
- mandatorily at fair value through profit or loss
Financial assets at fair value OCI
- equity securities FV OCI
- debt securities FV OCI
Intangible assets Current tax assets Deferred tax assets Other assets Assets held for sale Total assets
- loans and advances FV OCI Securities at amortised cost Loans and advances to customers - customer lending
- provision for loan losses
Investments in associates and joint ventures Property and equipment
30 Sep 2020
30 Jun 2020
31 Mar 2020
111,081 29,019 52,592 2,752 3,890 53,137
118,971 63,819
30,664 32,998
53,781 62,071
2,488 2,415
3,700 2,793
51,142 52,264
1,817 34,248 1,180 50,526
1,998 1,980
35,650 34,102
1,345 1,525
51,085
47,534
607,599
31 Dec 2019
30 Sep 2019
30 Jun
31 Mar
2019 2019
53,202 35,136 49,254 2,257 3,076 41,600
54,936 36,205 57,641 2,534 3,058 58,751
52,171 45,631
34,584 33,877
54,212 54,697
2,397 2,543
2,944 2,757
59,376 60,855
2,306 30,483 1,680
2,191 30,944 1,841
2,551 2,697
26,776 28,512
1,967 2,160
46,108
45,371
45,970 47,227
622,738 -6,029
-6,185
631,569 -4,998
1,467
1,775 1,693
2,987
3,086 3,119
1,418
1,586 1,917
474
515 475
836
806 818
7,642
9,543 8,591
616,355 -4,590
617,346 -4,559
615,245 610,308
-4,481 -4,546
1,790
1,441
1,317 1,266
3,172
3,100
2,825 2,920
1,916
1,939
1,917 1,859
251
244
392 193
730
750
711 793
7,018
8,657
11,363 9,967
1,154 1,218
956,481
984,842
944,685
891,744
922,391
913,390
904,935
ING 2.3 Consolidated Balance Sheet: Total liabilities and equity - Comparable quarters
In € million | 31 Dec 2020 | 30 Sep 2020 | 31 Dec 2020 | 30 Sep 2020 | ||
Deposits from banks | 78,098 | 78,173 | 78,098 | |||
Customer deposits | 609,642 | 605,620 | 643,138 | -32,816 | ||
Financial liabilities at fair value through profit or loss | ||||||
- trading liabilities | 32,709 | 32,089 | 32,709 | |||
- non-trading derivatives | 1,629 | 2,449 | 1,629 | -3 | ||
- designated as at fair value through profit or loss | 48,444 | 56,292 | 48,445 | -0 | ||
Current tax liability | 342 | 349 | 341 | |||
Deferred tax liabilities | 584 | 702 | 584 | |||
Provisions | 691 | 545 | 666 | 545 | 26 | 0 |
Other liabilities | 11,609 | 12,667 | 11,605 | 12,628 | 4 | 40 |
Debt securities in issue | 82,065 | 95,972 | 55,573 | 70,126 | 26,491 | 25,846 |
Subordinated loans | 15,805 | 16,393 | 15,897 | 16,492 | -92 | -100 |
Total liabilities | 881,616 | 901,251 | 888,683 | 908,284 | -7,066 | -7,033 |
Shareholders' equity | 54,637 | 54,204 | 47,675 | 47,391 | 6,962 | 6,813 |
Non-controlling interests | 1,022 | 1,025 | 1,022 | |||
Total equity | 55,659 | 55,230 | 48,697 | 6,813 | ||
Total liabilities and equity | 937,275 | 956,481 | 937,379 | -220 | ||
Unaudited |
ING 2.4 Consolidated Balance Sheet: Total liabilities and equity - Quarterly overview
ING Group: Total liabilities and equity
In € million Deposits from banks Customer deposits
Financial liabilities at fair value through profit or loss
- trading liabilities
- non-trading derivatives
- designated as at fair value through profit or loss
Current tax liability
Deferred tax liabilities Provisions
Other liabilities
Debt securities in issue Subordinated loans Total liabilities
Shareholders' equity (in parent) Non-controlling interests
Total equity
Total liabilities and equity
30 Sep 2020
78,173 605,620
30 Jun 2020
31 Mar 2020
78,649 45,908
605,798 586,193
32,089
35,745 44,794
2,449
2,435 3,074
56,292
52,461 49,823
349
387 454
702
758 834
545
566 607
12,667
14,879 16,255
95,972
121,138 124,501
16,393 901,251 54,204 1,025 55,230 956,481
16,697 16,951
34,826 574,433
31 Dec 2019
38,173 574,246
30 Sep 2019
38,095
30 Jun 2019
31 Mar 2019 37,647
571,124 561,440
28,042
32,315
33,575 34,288
2,215
3,112
2,381 2,733
47,684
65,543
63,492 61,531
554
613
487 710
695
853
705 695
688
851
853 912
12,829
16,345
16,084 15,661
118,528
119,921
118,929 120,626
16,588
16,007
14,205 15,069
929,515 54,305 1,022 55,327 984,842
889,395 54,334 956 55,290 944,685
837,082 53,769 893 54,662 891,744
867,981 53,512 899 54,410 922,391
859,930 851,312
52,598 52,788
862 53,460 913,390
835 53,623 904,935
ING 2.5 Total Equity: Comparable quarters
ING Group: Total equity
Remeasurement of the net defined benefit asset/liability Currency translation reserve
In € million Share capital Share premium
Revaluation reserve equity securities Revaluation reserve debt instruments Revaluation reserve cashflow hedge Other revaluation reserve
Treasury shares
Liability credit reserve
Retained earnings and other reserves Net result year to date Shareholders' equity Non-controlling interests Total equity
Key figures
Shareholders' equity per share in €
Shares outstanding in the market (in million)
ING 2.6 Total Equity: Quarterly overview
ING Group: Total equity
Liability credit reserve
In € million Share capital Share premium
Revaluation reserve equity securities Revaluation reserve debt instruments Revaluation reserve cashflow hedge Other revaluation reserve
Remeasurement of the net defined benefit asset/liability Currency translation reserve
Treasury shares
Retained earnings and other reserves Net result year to date Shareholders' equity Non-controlling interests Total equity
Key figures
Shareholders' equity per share in €
30 Sep 2020
30 Jun 2020
31 Mar 2020
39
31 Dec 2019
30 Sep 2019
30 Jun
31 Mar
2019 2019
39
39
17,089
17,089 17,088
1,130
1,270 1,258
250
200 113
1,602
1,709 1,567
231
262 248
-291
-252 -167
-3,419
-2,729 -2,677
-9
-3 -6
-119
-103 350
35,946
35,855 35,852
1,757 54,204 1,025 55,230
969 670
39
39
39 39
17,078
17,077
17,077 17,076
1,580
1,470
1,791 1,937
299
315
332 336
1,208
1,759
1,434 1,058
253
249
233 227
-336
-420
-418 -427
-2,079
-1,815
-2,165 -2,016
-10
-5
-8 -8
-114
-88
-82 -70
31,071
31,029
31,807 33,517
4,781
3,901
2,556 1,119
54,305 1,022 55,327
54,334 956 55,290
53,769 893 54,662
53,512 899 54,410
52,598 52,788
862 835
53,460 53,623
13.90
13.92
13.93
13.80
13.74
13.50 13.56
ING 2.7 Capital position
Capital position
ING Group | ING Bank | |||
In € million | 31 Dec 2020 | 30 Sep 2020 | 31 Dec 2020 | 30 Sep 2020 |
Shareholders' equity (parent) | 54,637 | 54,204 | 47,675 | 47,391 |
- Reserved profit not included in CET1 capital1) | -3,266 | -2,541 | -1,207 | -811 |
- Minority interests, counting as CET1 capital | 173 | 178 | 331 | 335 |
- Goodwill and intangibles deductible from CET1 | -1,122 | -1,605 | -1,122 | -1,605 |
- Deferred tax liabilities associated to intangible assets | 25 | 29 | 25 | 29 |
- Shortfall on expected loan loss provision | ||||
- Adjustment Revaluation reserve bonds | ||||
- Adjustment Revaluation reserve equity | ||||
- Adjustment Revaluation reserve real estate | ||||
- Adjustment Revaluation reserve cash flow hedge | -1,450 | -1,602 | -1,450 | -1,602 |
- Treasury shares (ING Group) | -4 | -9 | ||
- Prudent Valuation adjustment | -484 | -165 | -484 | -164 |
- Own credit risk | 117 | 119 | 117 | 119 |
- Defined benefit remeasurement | ||||
- Defined benefit pension fund assets | -579 | -626 | -579 | -626 |
- Deferred tax assets | -124 | -136 | -124 | -136 |
- Own credit risk adjustments to derivatives (DVA) | -13 | -19 | -13 | -19 |
- Irrevocable Payment Commitment (IPC) | -339 | -339 | -339 | -339 |
- IRB Excess of provisions over expected losses eligible | 110 | 290 | 110 | 290 |
- Non-Performing Exposure Prudential Backstop | -351 | |||
Regulatory adjustments | -7,303 | -6,417 | -4,741 | -4,539 |
Available common equity Tier 1 capital | 47,333 | 47,787 | 42,934 | 42,852 |
Subordinated loans qualifying as Tier 1 capital2), 3) | 5,643 | 5,865 | 5,648 | 5,872 |
Regulatory adjustments additional Tier 1 | 48 | 48 | 68 | 67 |
Available Tier 1 capital | 53,024 | 53,700 | 48,650 | 48,791 |
Supplementary capital - Tier 2 bonds4) | 9,359 | 9,567 | 9,359 | 9,567 |
Regulatory adjustments Tier 2 | -846 | -898 | 23 | 20 |
Available BIS capital | 61,537 | 62,369 | 58,032 | 58,378 |
Risk-weighted assets | 306,324 | 312,307 | 306,016 | 312,103 |
Common equity Tier 1 ratio | 15.5% | 15.3% | 14.0% | 13.7% |
Tier 1 ratio | 17.3% | 17.2% | 15.9% | 15.6% |
Total capital ratio | 20.1% | 20.0% | 19.0% | 18.7% |
1) Reserved profit not included in CET1 capital ING Group as per 31 December 2020 was €3,266, of which €1,512 million relates to the result of 2020 and €1,754 million relates to the result of 2019.
2) ING Group: Including €4,660 million which is CRR-compliant (3Q2020: €4,882 million), and €983 million to be replaced as capital recognition is subject to CRR grandfathering rules (3Q2020: €982 million).
3) ING Bank: Including €4,654 million which is CRR-compliant (3Q2020: €4,877 million), and €994 million to be replaced as capital recognition is subject to CRR grandfathering rules (3Q2020: €994 million).
4) Including €9,206 million which is CRR-compliant (3Q2020: €9,414 million), and €153 million to be replaced (by Group instruments) as capital recognition is subject to CRR grandfathering rules (3Q2020: €153 million).
ING 2.8 Funding
ING Group: Maturity ladder outstanding long-term debt 31 December 2020
Long-term debt issued
Maturing1)
In € million | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | >2030 |
ING Bank senior debt2) | 6,569 | 4,616 | 1,160 | 8,394 | 3,622 | 522 | 164 | 545 | 507 | 462 | 178 | 199 | 182 | 796 |
ING Bank covered bond | 6,381 | 4,266 | 1,250 | 3,735 | 3,295 | 3,008 | 1,256 | 1,759 | 2,008 | 1,363 | 2,063 | 2,444 | 1,600 | 2,574 |
ING Bank RMBS | 949 | 395 | 936 | 385 | ||||||||||
ING Group senior debt2) | 11,491 | 6,277 | 2,065 | 3,789 | 4,480 | 1,518 | 2,000 | 3,946 | 1,222 | 3,670 | 2,551 | 1,710 | 345 | |
ING Bank Tier 2 | 661 | 1,502 | 150 | |||||||||||
ING Group Tier 2 | 1,741 | 995 | 1,500 | 79 | 2,019 | 1,845 | 1,750 | 1,712 |
1) All bond instruments with an early redemption option are included as per their contractual maturity date.
2) Figures shown for issued senior bonds are only included with original tenors >= 1 year.
Note: as of 4Q2020 maturities are based on notionals, while previously maturities were based on book value. At end of 4Q2020 long term debt maturing based on notionals was €5bn lower than based on book value.
ING Group: Loan-to-deposit ratio and funding mix
31 Dec 2020 | 30 Sep 2020 | |
Loan-to-deposit ratio | 0.98 | 0.99 |
Key figures | ||
Customer deposits (retail) | 52% | 50% |
Customer deposits (corporate) | 20% | 20% |
Repurchase agreement | 6% | 7% |
Interbank | 9% | 9% |
CD/CP | 2% | 3% |
Long-term senior debt | 9% | 9% |
Subordinated debt | 2% | 2% |
Total 1) | 100% | 100% |
1) Liabilities excluding trading securities and IFRS equity.
ING 2.9 Investments: Group
ING Group: Total Investments - 31 December 2020
In € billion
Total debt securities
of which Government bonds
of which Sub-sovereign, Supranationals and Agencies
of which Covered bonds
of which Financial institutions
of which Corporate bonds
of which asset-backed securities
Total equity securities
Total Investments
Securities at amortised cost
B/S value
50.6
50.6
26.8
14.9
6.0
2.0
0.1
0.9
Financial assets at fair value | Fair value | |
through other comprehensive | through profit | |
income (FV OCI) | or loss | Total |
B/S value | B/S value | Reval after tax |
4.3 | 87.9 | 0.3 |
0.0 | 49.3 | 0.2 |
2.3 | 24.7 | 0.0 |
7.8 | 0.0 | |
1.1 | 3.6 | 0.0 |
0.0 | 0.4 | 0.0 |
0.7 | 2.1 | 0.0 |
1.9 | 1.2 | |
4.3 | 89.8 | 1.4 |
B/S value
Reval after tax
33.0
0.3
22.4
0.2
7.5
0.0
1.8
0.0
0.5
0.0
0.2
0.0
0.5
0.0
1.9
1.2
34.9
1.4
Total investments contains banking book but excludes the trading book and investments indicated as assets held for sale.
ING 3.1 Customer lending/deposits: 4Q2020 Segment split
Customer lending/deposits
Residential mortgages Beginning of period Net production Treasury
In € billion
Acquisitions / divestments FX impact and other
End of period
Other customer lending Beginning of period Net production Treasury
Acquisitions / divestments FX impact and other
End of period
Customer deposits Beginning of period Net production Treasury
Acquisitions / divestments FX impact and other
End of period
Retail BeneluxRetail BankingNetherlands
Belgium
298.2
110.8 38.6
2.1
-0.5 -0.0
1.0
-0.0 -0.0
301.2
78.6 70.1
1.6 1.1
-0.0 1.0
110.2
38.6
138.6
47.7 52.3
-2.6 -0.5
-1.0 -1.3
-0.1 -0.0
0.1
135.6
46.6
51.0
537.7
165.2 92.6
8.8 -3.3
3.0 1.2
-3.0 -0.3
1.0 544.2
165.2
93.5
Retail Challengers & Growth | |||||
Markets | |||||
Wholesale | Daily Banking & | Financial | Treasury | Corporate | |
Banking | Lending | Trade Finance | Markets | & Other | Line |
0.8 | 0.0 | 0.0 | 0.0 | 0.8 | 0.0 |
0.1 | 0.1 | ||||
-0.0 | -0.0 | ||||
0.8 | 0.0 | 0.0 | 0.0 | 0.8 | 0.0 |
169.7 | 137.8 | 26.2 | 1.4 | 4.2 | 0.4 |
-0.7 | -5.0 | 3.6 | 0.6 | 0.1 | |
-0.1 | -0.1 | ||||
-3.0 | -2.2 | -0.7 | -0.0 | 0.0 | |
165.9 | 130.6 | 29.1 | 2.0 | 4.2 | 0.4 |
67.9 | 0.5 | 58.5 | 5.0 | 4.0 | 0.0 |
-0.9 | 0.5 | 0.4 | -1.6 | -0.2 | -0.0 |
-1.5 | -1.5 | ||||
-0.1 | -0.0 | -0.0 | -0.1 | -0.0 | -0.0 |
65.4 | 1.0 | 58.9 | 3.3 | 2.3 | -0.0 |
144.3
Germany
Other
80.2
72.2
11.4 0.1 -0.4
27.2 -0.3 -0.0
0.1
11.1
26.9
141.5
138.4
2.9 -0.1
1.7 0.0
1.0
141.1
ING 3.2 Customer lending/deposits: Quarterly overview
Customer lending/deposits
End of period
In € billion
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
298.7
294.6 298.0
0.8
0.9 0.4
-0.5
3.3 -3.9
298.9
4Q2019
3Q2019
2Q2019 1Q2019
296.5
293.0
291.6 287.7
1.7
3.2
1.7 2.6
-0.1
0.3
-0.4 1.3
298.7
294.6
324.0
337.0 318.3
-8.0 -3.0
-8.2 11.6
-3.5 7.6
-4.3
-1.3 -0.6
308.7
298.0
296.5
293.0 291.6
320.9
322.3
318.7 309.0
0.0 -0.6
-4.4 -0.5
5.3 5.9
-0.2 2.2
-2.0
3.5
-1.5 1.7
324.0
337.0
605.8
586.2 574.4
3.4 -1.5
20.9 9.2
-4.4 8.9
-2.1 605.6
3.1 -6.3
318.3
320.9
322.3 318.7
574.2
571.1
561.4 555.8
2.5 -3.0
4.4 -1.1
11.7 4.8
-1.4 0.3
0.7
-0.2
-0.6 0.5
605.8
586.2
574.4
574.2
571.1 561.4
ING 3.3 Customer lending/deposits: Retail Banking
Customer lending/deposits Retail Banking
End of period
In € billion
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
297.9
293.8 297.3
0.8
0.9 0.4
-0.5
3.2 -3.9
298.2
4Q2019
3Q2019
2Q2019 1Q2019
295.5
292.1
290.8 286.8
1.6
3.2
1.7 2.6
0.1
0.2
-0.4 1.4
297.9
293.8
141.7
141.2 139.8
0.1 -2.4
-2.6 2.2
2.8 0.6
-0.8
0.3 -1.5
138.6
297.3
295.5
292.1 290.8
139.6
140.0
137.2 132.9
0.6 -0.4
0.2 -0.5
3.1 2.0
-0.2 2.5
0.0
-0.1
-0.1 -0.2
141.7
141.2
536.0
515.9 510.9
4.4 -1.2
20.6 3.2
-3.4 7.5
-1.6 537.7
2.9 -5.6
139.8
139.6
140.0 137.2
508.3
507.6
500.5 492.7
4.4 -2.4
1.7 -0.7
8.5 5.6
-1.0 1.9
0.6
-0.3
-0.5 0.3
536.0
515.9
510.9
508.3
507.6 500.5
ING 3.4 Customer lending/deposits: Retail Banking Netherlands
Customer lending/deposits Retail Banking Netherlands
Acquisitions / divestments FX impact and other
In € billion
Acquisitions / divestments FX impact and other
End of period
End of period
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
111.3
111.7 111.9
-0.5
-0.5 -0.5
-0.0
0.1 0.3
110.8
4Q2019
3Q2019
2Q2019 1Q2019
112.6
112.4
112.1 111.4
-0.4
-0.0
0.2 0.2
-0.3
0.2
0.1 0.5
111.3
111.7
51.3 -0.9
49.4 48.3
-0.7 0.1
-2.7
2.6 0.9
47.7
111.9
112.6
112.4 112.1
49.3 -0.5 -0.5
48.6 0.3 0.4
47.9 46.0
0.3 0.9
0.4 1.0
51.3
49.4
164.8
158.1 150.3
1.2 -0.8
9.6 1.5
-2.9 6.3
48.3
49.3
48.6 47.9
151.2
151.0
147.4 143.8
1.2 -2.2
1.0 -0.8
4.8 1.4
-1.1 2.2
165.2
164.8
158.1
150.3
151.2
151.0 147.4
ING 3.5 Customer lending/deposits: Retail Banking Belgium
Customer lending/deposits Retail Banking Belgium1)
Acquisitions / divestments FX impact and other
In € billion
Acquisitions / divestments FX impact and other
End of period
End of period
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
39.0 -0.3
39.1 39.3
-0.1 -0.2
-0.0 38.6
0.0 0.0
39.0
39.1
51.8
53.0 52.0
0.5
-1.3 1.3
0.0
0.0 -0.3
52.3
4Q2019
3Q2019
2Q2019 1Q2019
39.3 0.0
38.7 0.5
38.4 37.9
0.2 0.4
0.0
0.0
0.1 0.1
39.3
39.3
38.7 38.4
50.9 0.7 0.3
52.2 -0.7 -0.5
51.4 49.5
1.5 0.6
-0.7 1.4
51.8
53.0
93.6 -0.5
90.9 89.7
2.9 0.5
-0.4
-0.2 0.8
52.0
50.9
52.2 51.4
90.0 -0.4 0.0
89.3 0.7 0.0
87.5 85.5
1.8 2.0
-0.0 0.0
92.6
93.6
90.9
89.7
90.0
89.3 87.5
1) Including ING Luxembourg.
ING 3.6 Customer lending/deposits: Retail Banking Germany
Customer lending/deposits Retail Banking Germany1)
Acquisitions / divestments FX impact and other
In € billion
Acquisitions / divestments FX impact and other
End of period
End of period
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
77.4 1.3
76.3 76.0
1.0 0.3
0.0
0.0 0.0
78.6
4Q2019
3Q2019
2Q2019 1Q2019
75.6 0.5
74.6 0.9
73.8 73.5
0.8 0.2
-0.1
0.1
0.1 0.1
77.4
76.3
11.0
10.9 10.7
0.1
-0.1 0.3
0.3
0.2 -0.1
11.4
76.0
75.6
74.6 73.8
11.0 0.0 -0.3
11.0 0.3 -0.3
10.7 10.5
0.3 0.0
0.1 0.1
11.0
10.9
139.7
137.4 138.5
1.7 0.0
2.4 -1.2
-0.1 0.1
10.7
11.0
11.0 10.7
137.2
137.3
136.9 138.0
1.6 -0.2
-0.2 0.1
0.3 -0.9
0.1 -0.2
141.5
139.7
137.4
138.5
137.2
137.3 136.9
1) Including ING Austria.
ING 3.7 Customer lending/deposits: RB Other Challengers & Growth Markets
Customer lending/deposits Retail Banking Other Challengers & Growth Markets1)
In € billion | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 |
Residential mortgages | ||||||||
Beginning of period | 70.1 | 70.3 | 66.8 | 70.1 | 68.1 | 66.4 | 66.5 | 64.1 |
Net production | 1.1 | 0.3 | 0.5 | 0.8 | 1.6 | 1.7 | 0.6 | 1.8 |
Treasury | ||||||||
Acquisitions / divestments | ||||||||
FX impact and other | 1.0 | -0.5 | 3.0 | -4.2 | 0.5 | -0.0 | -0.7 | 0.7 |
End of period | 72.2 | 70.1 | 70.3 | 66.8 | 70.1 | 68.1 | 66.4 | 66.5 |
Other customer lending | ||||||||
Beginning of period | 27.2 | 27.7 | 27.9 | 28.8 | 28.4 | 28.1 | 27.2 | 27.0 |
Net production | -0.3 | 0.3 | -0.5 | 0.5 | 0.4 | 0.4 | 1.0 | 0.4 |
Treasury | -0.0 | -0.0 | 0.0 | 0.0 | 0.0 | -0.0 | -0.0 | -0.0 |
Acquisitions / divestments | ||||||||
FX impact and other | 0.1 | -0.8 | 0.3 | -1.5 | 0.0 | -0.1 | -0.1 | -0.2 |
End of period | 26.9 | 27.2 | 27.7 | 27.9 | 28.8 | 28.4 | 28.1 | 27.2 |
Customer deposits | ||||||||
Beginning of period | 138.4 | 137.9 | 129.5 | 132.5 | 129.9 | 130.0 | 128.8 | 125.4 |
Net production | 1.7 | 2.0 | 5.8 | 2.3 | 2.0 | 0.2 | 1.7 | 3.1 |
Treasury | 0.0 | -0.0 | -0.2 | 0.3 | -0.0 | 0.0 | 0.1 | -0.1 |
Acquisitions / divestments | ||||||||
FX impact and other | 1.0 | -1.6 | 2.9 | -5.6 | 0.6 | -0.3 | -0.5 | 0.3 |
End of period | 141.1 | 138.4 | 137.9 | 129.5 | 132.5 | 129.9 | 130.0 | 128.8 |
1) Includes: Australia, Czech Republic, France, Italy, Spain, Poland, Romania, Turkey, Philippines, Asian stakes and Other.
ING 3.8 Customer lending/deposits: Wholesale Banking
Customer lending/deposits Wholesale Banking
End of period
In € billion
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
0.8 -0.0
0.8 0.8
0.0 -0.0
0.0
0.0 -0.0
0.8
4Q2019
3Q2019
2Q2019 1Q2019
0.9 0.0
0.8
0.8 0.9
0.0 0.0
-0.2
0.1
0.1 -0.2
0.8
0.8
181.9
195.5 178.1
-8.1 -0.6
-5.6 9.4
-6.3 7.1
-3.5 169.7
-1.6 0.9
181.9
195.5
69.8 -1.0 -0.3
70.3 63.5
0.3 6.0
-1.0 1.4
-0.5 67.9
0.2 -0.6
0.8
0.9
0.8 0.8
180.9
181.9
181.2 175.7
-0.6 -0.2
-4.6 -0.0
2.2 3.9
-0.0 -0.3
-2.0
3.6
-1.5 1.9
178.1
180.9
181.9 181.2
66.0 -1.9 -0.6
63.5 2.8 -0.5
60.9 63.1
3.1 -0.9
-0.4 -1.6
0.1
0.2
-0.1 0.2
69.8
70.3
63.5
66.0
63.5 60.9
ING 3.9 Customer lending/deposits: WB - Lending
Customer lending/deposits Wholesale Banking - Lending
End of period
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
In € billion
End of period
3Q2020
2Q2020
1Q2020
0.0
4Q2019
3Q2019
2Q2019 1Q2019
0.0
0.0
0.0
0.0
0.0
0.0 0.0
0.0
0.0
147.0
151.8 140.1
-6.4
-3.6 11.2
-2.7
-1.2 0.5
137.8
0.0
0.0
0.0 0.0
143.6
142.3
142.5 138.6
-2.0
-1.4
1.0 2.5
-1.4
2.6
-1.2 1.5
147.0
151.8
0.4 0.1
0.5 0.5
-0.0 0.0
-0.0
-0.0 0.0
140.1
143.6
142.3 142.5
0.4 0.1
0.5 -0.1
0.4 0.6
0.1 -0.2
-0.0
0.0
-0.0 0.0
0.5
0.4
0.5
0.5
0.4
0.5 0.4
ING 3.10 Customer lending/deposits: WB - Daily Banking & Trade Finance
Customer lending/deposits Wholesale Banking - Daily Banking & Trade Finance
End of period
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
In € billion
End of period
3Q2020
2Q2020
1Q2020
0.0
4Q2019
3Q2019
2Q2019 1Q2019
0.0
0.0
0.0
0.0
0.0
0.0 0.0
0.0
0.0
28.8 -1.8
30.4 32.0
-1.2 -2.0
-0.8 26.2
-0.4 0.4
28.8
30.4
59.7 -0.9
58.2 54.0
1.5 4.6
-0.3
0.1 -0.4
0.0
0.0
0.0 0.0
31.1 1.5
33.2 -3.1
32.8 30.9
0.7 1.5
-0.6
1.0
-0.3 0.4
32.0
31.1
33.2 32.8
55.1 -1.2
50.5 4.6
49.7 51.4
0.8 -1.8
0.1
0.1
-0.0 0.1
58.5
59.7
58.2
54.0
55.1
50.5
49.7
ING 3.11 Customer lending/deposits: WB - Financial Markets
Customer lending/deposits Wholesale Banking - Financial Markets
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
In € billion
Acquisitions / divestments FX impact and other
End of period
End of period
3Q2020
2Q2020
1Q2020
0.0
4Q2019
3Q2019
2Q2019 1Q2019
0.0
0.0
0.0
0.0
0.0
0.0 0.0
0.0
0.0
1.6 -0.2
2.1 1.4
-0.6 0.7
1.4
0.0
0.0
0.0 0.0
1.8 -0.4
1.7 0.1
1.2 1.5
0.5 -0.3
1.6
2.1
5.5 -0.3
6.4 4.6
-1.0 2.0
-0.3
0.1 -0.2
1.4
1.8
1.7 1.2
5.8 -1.1
7.4 -1.7
5.4 4.3
2.0 1.0
-0.0
0.1
-0.0 0.1
5.0
5.5
6.4
4.6
5.8
7.4 5.4
ING 3.12 Customer lending/deposits: WB - Treasury & Other
Customer lending/deposits Wholesale Banking - Treasury & Other
End of period
In € billion
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
0.8 -0.0
0.8 0.8
0.0 -0.0
0.0
0.0 -0.0
0.8
0.8
0.8
4.6 11.1 4.6
0.3 -0.2 -0.5
-0.6 -6.3 7.1
-0.0 -0.0
4.2
4Q2019
3Q2019
2Q2019 1Q2019
0.9 0.0
0.8
0.8 0.9
0.0 0.0
-0.2
0.1
0.1 -0.2
0.8
0.9
0.8 0.8
4.5 0.3 -0.2
4.6 -0.1 -0.0
4.6 4.7
-0.0 0.2
-0.0 -0.3
4.6
11.1
4.1 0.2 -0.3
5.3 4.4
-0.1 -0.5
-1.0 1.4
-0.0
-0.0 -0.0
4.6
4.5
4.6 4.6
4.7 0.3 -0.6
5.2 0.0 -0.5
5.4 6.9
0.2 0.1
-0.4 -1.6
0.0
-0.0
-0.0 -0.0
4.0
4.1
5.3
4.4
4.7
5.2 5.4
ING 3.13 Customer lending/deposits: Corporate Line
Customer lending/deposits Corporate Line
End of period
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
In € billion
End of period
3Q2020
2Q2020
1Q2020
0.4
0.4 0.4
0.0 0.4
0.0 0.0
4Q2019
3Q2019
2Q2019 1Q2019
0.4
0.4
0.4 0.4
-0.0
0.0
0.0 0.0
0.4
0.4
0.4
0.4
0.4 0.4
0.0
0.0
0.0
0.0
0.0
0.0 0.0
-0.0
0.0 0.0
-0.0 0.0
0.0 0.0
0.0 0.0
-0.0 -0.0
0.0
0.0 0.0
ING 3.14 Customer lending/deposits: 4Q2020 Geographical split of the segments
Customer lending/deposits Geographical split of the segments
End of period
In € billion
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
End of period
Netherlands
BelgiumGermanyOther ChallengersGrowth Markets
111.4
38.7 0.0
78.8 1.6
57.6 12.6
-0.5
0.5 0.5
-0.1
-0.0 38.7
-0.0 80.3
1.1 -0.0
110.8
WB Rest of WorldOther
0.0 0.0
59.1
13.1
0.0 0.0
73.5 -1.0 -0.1
66.5 -1.5 -0.0
43.7 -0.8 -0.5
32.7 -0.9 0.0
25.2 66.6 0.4
-0.2 1.1 -0.0 -0.0 0.0
-0.4 72.0
-0.1
-0.5
0.2
-0.1 -1.9 0.0
64.8
41.9
32.0
24.9
65.8 0.4
197.7
108.3
142.9
98.7 0.5 -0.0
46.9 11.1 0.0
4.9 -3.7
1.1 -0.5
2.8 -0.1
-0.2 -1.3 0.0 0.0 -0.6
1.1
-0.1 -0.1 -0.0
199.0
108.9
145.6
100.4
46.6
9.2 -0.0
ING 3.15 Customer lending/deposits: Geographical Netherlands
Customer lending/deposits Geographical Netherlands
End of period
In € billion
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
111.9
112.2 112.4
-0.5
-0.5 -0.5
-0.1
0.2 0.2
111.4
4Q2019
3Q2019
2Q2019 1Q2019
113.2
113.0
112.7 112.1
-0.4
-0.0
0.2 0.2
-0.4
0.2
0.2 0.4
111.9
112.2
79.3 -2.0 -3.4
77.7 75.6
-1.4 1.0
3.2 0.9
-0.4 73.5
-0.2 0.2
79.3
77.7
196.4
188.1 178.7
2.3 -1.0
11.9 1.9
-3.6 7.5
112.4
113.2
113.0 112.7
77.2 -0.7 -0.6
76.2 -0.1 0.5
76.1 72.7
-0.2 2.7
0.5 0.4
-0.3
0.5
-0.2 0.3
75.6
77.2
76.2 76.1
176.4
176.3
170.8 172.8
5.1 -2.8
1.3 -1.1
6.9 -2.3
-1.5 0.3
197.7
196.4
188.1
178.7
176.4
176.3 170.8
ING 3.16 Customer lending/deposits: Geographical Belgium
Customer lending/deposits Geographical Belgium1)
End of period
In € billion
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
39.0 -0.3
39.1 39.3
-0.1 -0.2
-0.0 38.7
0.0 0.0
39.0
39.1
68.2 -1.5 0.0
70.8 67.6
-2.5 3.4
0.0 -0.4
-0.2
-0.1 0.1
66.5
4Q2019
3Q2019
2Q2019 1Q2019
39.4 0.0
38.8 0.5
38.5 37.9
0.2 0.4
-0.0
0.1
0.1 0.1
39.3
39.4
38.8 38.5
66.5 0.8 0.4
68.0 -1.1 -0.6
67.8 65.7
1.1 0.4
-0.8 1.6
-0.1
0.2
-0.1 0.1
68.2
70.8
111.3
109.9 105.2
-2.5 -0.5
1.6 3.8
-0.2 0.9
67.6
66.5
68.0 67.8
110.5
105.1
104.0 101.3
-5.4 0.1
5.4 0.0
1.1 2.7
-0.0 -0.0
108.3
111.3
109.9
105.2
110.5
105.1 104.0
1) Including ING Luxembourg.
ING 3.17 Customer lending/deposits: Geographical Germany
Customer lending/deposits Geographical Germany1)
End of period
In € billion
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
77.5 1.3
76.4 76.1
1.0 0.3
0.0
0.0 0.1
78.8
4Q2019
3Q2019
2Q2019 1Q2019
75.8 0.5
74.7 0.9
73.9 73.5
0.8 0.2
-0.2
0.1
0.1 0.2
77.5
76.4
44.8 -0.9 0.4
45.1 44.3
-0.2 0.6
0.2 -0.1
-0.5
-0.3 0.3
43.7
76.1
75.8
74.7 73.9
46.1 -0.4 -0.4
46.9 0.1 -0.4
45.5 44.7
1.1 0.6
0.1 0.2
-1.1
-0.4
0.2 -0.0
44.8
45.1
141.0
138.4 139.5
1.8 0.1
2.6 -1.2
-0.1 0.1
44.3
46.1
46.9 45.5
138.1
138.0
138.2 138.8
1.6 -0.3
-0.1 0.2
-0.2 -0.4
0.1 -0.3
142.9
141.0
138.4
139.5
138.1
138.0 138.2
1) Including ING Austria.
ING 3.18 Customer lending/deposits: Geographical Other Challengers
Customer lending/deposits Geographical Other Challengers1)
In € billion | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 |
Residential mortgages | ||||||||
Beginning of period | 57.6 | 57.7 | 54.8 | 58.1 | 56.9 | 55.5 | 56.2 | 54.0 |
Net production | 0.5 | 0.0 | 0.0 | 0.2 | 1.0 | 1.2 | 0.1 | 1.4 |
Treasury | ||||||||
Acquisitions / divestments | ||||||||
FX impact and other | 1.1 | -0.2 | 2.9 | -3.5 | 0.3 | 0.2 | -0.8 | 0.7 |
End of period | 59.1 | 57.6 | 57.7 | 54.8 | 58.1 | 56.9 | 55.5 | 56.2 |
Other customer lending | ||||||||
Beginning of period | 32.7 | 33.9 | 32.9 | 32.6 | 33.1 | 32.6 | 31.4 | 31.1 |
Net production | -0.9 | -1.0 | 0.3 | 1.0 | -0.5 | 0.3 | 1.4 | 0.1 |
Treasury | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | -0.0 | 0.0 | 0.0 |
Acquisitions / divestments | ||||||||
FX impact and other | 0.2 | -0.1 | 0.6 | -0.7 | 0.0 | 0.1 | -0.2 | 0.2 |
End of period | 32.0 | 32.7 | 33.9 | 32.9 | 32.6 | 33.1 | 32.6 | 31.4 |
Customer deposits | ||||||||
Beginning of period | 98.7 | 98.0 | 92.5 | 95.3 | 94.9 | 96.0 | 95.6 | 92.6 |
Net production | 0.5 | 1.0 | 3.0 | 0.5 | 0.2 | -1.1 | 1.0 | 2.2 |
Treasury | -0.0 | -0.0 | -0.1 | 0.1 | -0.1 | -0.1 | 0.1 | 0.1 |
Acquisitions / divestments | ||||||||
FX impact and other | 1.1 | -0.2 | 2.6 | -3.5 | 0.3 | 0.1 | -0.7 | 0.7 |
End of period | 100.4 | 98.7 | 98.0 | 92.5 | 95.3 | 94.9 | 96.0 | 95.6 |
1) Includes Australia, Czech Republic, France, Italy, Spain and Portugal, Other.
ING 3.19 Customer lending/deposits: Geographical Growth Markets
Customer lending/deposits Geographical Growth Markets1)
In € billion | 4Q2020 | 3Q2020 | 2Q2020 | 1Q2020 | 4Q2019 | 3Q2019 | 2Q2019 | 1Q2019 |
Residential mortgages | ||||||||
Beginning of period | 12.6 | 12.6 | 12.0 | 12.1 | 11.2 | 10.9 | 10.4 | 11.2 |
Net production | 0.5 | 0.3 | 0.4 | 0.6 | 0.6 | 0.5 | 0.5 | -0.8 |
Treasury | ||||||||
Acquisitions / divestments | ||||||||
FX impact and other | -0.0 | -0.3 | 0.2 | -0.7 | 0.2 | -0.2 | 0.1 | -0.1 |
End of period | 13.1 | 12.6 | 12.6 | 12.0 | 12.1 | 11.2 | 10.9 | 10.4 |
Other customer lending | ||||||||
Beginning of period | 25.2 | 26.0 | 27.2 | 27.8 | 27.3 | 27.4 | 27.3 | 27.4 |
Net production | -0.2 | 0.2 | -1.2 | 0.7 | 0.4 | -0.0 | 0.1 | 0.2 |
Treasury | -0.0 | -0.0 | 0.0 | 0.0 | 0.0 | -0.0 | -0.0 | -0.0 |
Acquisitions / divestments | ||||||||
FX impact and other | -0.1 | -1.0 | 0.0 | -1.3 | 0.0 | -0.1 | -0.0 | -0.3 |
End of period | 24.9 | 25.2 | 26.0 | 27.2 | 27.8 | 27.3 | 27.4 | 27.3 |
Customer deposits | ||||||||
Beginning of period | 46.9 | 47.1 | 43.9 | 43.7 | 41.4 | 40.8 | 39.3 | 38.9 |
Net production | -0.2 | 1.3 | 3.1 | 2.3 | 2.0 | 1.1 | 1.2 | 1.0 |
Treasury | 0.0 | 0.0 | -0.2 | 0.3 | 0.0 | 0.1 | 0.1 | -0.2 |
Acquisitions / divestments | ||||||||
FX impact and other | -0.1 | -1.5 | 0.3 | -2.4 | 0.3 | -0.5 | 0.2 | -0.4 |
End of period | 46.6 | 46.9 | 47.1 | 43.9 | 43.7 | 41.4 | 40.8 | 39.3 |
1) Includes: Poland, Romania, Turkey, Philippines, Asian stakes.
ING 3.20 Customer lending/deposits: Geographical WB Rest of World
Customer lending/deposits Geographical Wholesale Banking Rest of World
End of period
In € billion
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
End of period
3Q2020
2Q2020
1Q2020
0.0
4Q2019
3Q2019
2Q2019 1Q2019
0.0
0.0
0.0
0.0
0.0
0.0 0.0
0.0
0.0
71.4 -2.7 -0.0
82.9 70.1
-3.2 4.8
-7.0 7.1
-2.1 66.6
-1.2 0.9
71.4
82.9
12.0 -0.4 -0.1
13.5 12.0
-1.3 1.8
-0.2 -0.0
-0.4 11.1
0.1 -0.4
0.0
0.0
0.0 0.0
70.2 0.5 -0.1
70.7 -3.7 0.0
70.2 66.9
1.7 1.9
-0.0 -0.0
-0.5
3.2
-1.2 1.5
70.1
70.2
70.7 70.2
12.9 -1.0 0.1
14.9 -2.0 -0.3
13.4 11.2
1.8 1.6
-0.2 0.4
0.0
0.3
-0.1 0.3
12.0
13.5
12.0
12.9
14.9 13.4
ING 3.21 Customer lending/deposits: Geographical Other
Customer lending/deposits Geographical Other1)
End of period
Acquisitions / divestments FX impact and other
End of period
Acquisitions / divestments FX impact and other
Acquisitions / divestments FX impact and other
In € billion
End of period
3Q2020
2Q2020
1Q2020
0.4
0.4 0.4
0.0 0.4
0.0 0.0
4Q2019
3Q2019
2Q2019 1Q2019
0.4
0.4
0.4 0.4
-0.0
0.0
0.0 0.0
0.4
0.4
0.4
0.4
0.4 0.4
0.0
0.0
0.0
0.0
0.0
0.0 0.0 -0.0
-0.0 0.0
0.0 0.0
-0.0 0.0
0.0 0.0
0.0 0.0
-0.0 -0.0
0.0 0.0
1) Region Other consists of Corporate Line and Real Estate run-off portfolio.
Important legal information
ING Group's annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union ('IFRS-EU'). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2019 ING Group consolidated annual accounts. The Financial statements for 2020 are in progress and may be subject to adjustments from subsequent events. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.
Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements.
Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING's core markets, including changes affecting currency exchange rates, (2) the effects of the Covid-19 pandemic and related response measures, including lockdowns and travel restrictions, on economic conditions in countries in which ING operates, on ING's business and operations and on ING's employees, customers and counterparties, (3) changes affecting interest rate levels, (4) any default of a major market participant and related market disruption, (5) changes in performance of financial markets, including in Europe and developing markets, (6) changes in the fiscal position and the future economic performance of the United States, including potential consequences of a downgrade of the sovereign credit rating of the US government, (7) consequences of the United Kingdom's withdrawal from the European Union, (8) changes in or discontinuation of 'benchmark' indices, (9) inflation and deflation in our principal markets, (10) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness, (11) failures of banks falling under the scope of state compensation schemes, (12) non-compliance with or changes in laws and regulations, including those financial services and tax laws, and the interpretation and application thereof, (13) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, (14) ING's ability to meet minimum capital and other prudential regulatory requirements, (15) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers, (16) operational risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business, (17) risks and challenges related to cybercrime including the effects of cyber-attacks and changes in legislation and regulation related to cybersecurity and data privacy, (18) changes in general competitive factors, (19) the inability to protect our intellectual property and infringement claims by third parties, (20) changes in credit ratings, (21) business, operational, regulatory, reputation and other risks and challenges in connection with climate change, (22) inability to attract and retain key personnel, (23) future liabilities under defined benefit retirement plans, (24) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines, (25) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, (26) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING's more recent disclosures, including press releases, which are available onwww.ING.com.
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ING Groep NV published this content on 12 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 February 2021 06:09:09 UTC.