Earnings release
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ING shows continued commercial momentum in 3Q2026 and is well on track to deliver on 2026 outlook 3Q2026 net result of €1,850 million, up 3.5% year-on-year with an ROTE of 16.3% • Mobile primary customer base increases by 259,000 in the third quarter • Net core lending growth of €11.0 billion and net core deposit growth of €12.1 billion • Fee income of €1,273 million, up 9.3% year-on-year • Operating expenses remain under control; risk costs affected by a management overlay • Profit before tax increases 5.7% year-on-year to €2,705 million • Strong capital generation and CET1 ratio of 13.3% allow us to announce a €1.9 billion distribution • We are refocusing and simplifying Wholesale Banking to better serve our clients CEO statement “ING has had a strong third quarter of 2026 as we continue to execute on our strategy and deliver solid commercial and financial performance,” said Steven van Rijswijk, CEO of ING. “Against a backdrop of continuing geopolitical uncertainty, volatility and pressure on consumer and corporate confidence, our clients continue to show their trust in ING and increasingly turn to us for more of their financial needs across our various segments. This demonstrates the strength and resilience of our business, and we remain well on track to deliver on our outlook for 2026. “We’re proud that more customers are choosing ING as their bank. We have added 259,000 mobile primary customers during the quarter, with strong contributions from Germany, the Netherlands and Romania. Total income has grown 5.6% and net result has increased 3.5% year-on-year. As our customer base grows, we are also doing more business with them and seeing higher customer balances, which contributed to double-digit growth in commercial interest income and 9.3% growth in fee income year-on-year. This was partly offset by lower other income, reflecting effects from heightened interest rate volatility, which are expected to reverse over time. “In Retail Banking, our mortgage portfolio has increased by €6.9 billion as we helped more people finance their homes, contributing to lending growth of €8.5 billion, or up 6% annualised. Deposits have grown by €2.7 billion, despite seasonal customer summer holiday spending. As more customers choose to invest with ING, we have also seen continued flows from deposits into investment products, which supported a €6.7 billion increase in assets under management & e-brokerage during the quarter to €328 billion, up 22% year-on-year. “In Wholesale Banking, lending growth was €2.5 billion on the back of continued client demand. Deposits have grown by €9.4 billion, highlighting good deposit-gathering momentum. Fee income has increased 9.4% year-on-year, with strong contributions from Daily Banking & Trade Finance. As part of the ambition to become the best European bank, we are taking a next strategic step in Wholesale Banking to simplify and make it easier for our clients to do business with us. As a reliable banking partner, we aim to create greater value for our clients and all our stakeholders. “Operating expenses have remained under control, with a 1.1% increase quarter-on-quarter as higher staff expenses reflecting wage inflation were partly mitigated by the ongoing implementation of cost initiatives. Risk costs excluding one-offs remained well below our through-the-cycle average of 20 basis points of average customer lending. Return on tangible equity was 16.3% in the quarter, with a four-quarter-rolling-average of 14.8%. "Our capital remains strong, with a CET1 ratio of 13.3%. In line with our capital velocity ambitions, we completed two significant risk-transfer (SRT) transactions during the quarter, generating total RWA relief of €3.0 billion. These included a transaction for Wholesale Banking and one for Retail Banking. "Operating at the right level of capital is in the best interest of all our stakeholders, including our customers and the economies where we do business. After completing the share buyback programme that we announced in April 2026, we today announce a further distribution of €1.9 billion. “We enter the remainder of this year with good momentum and continued customer growth. I would like to thank our employees for their dedication to supporting our customers and clients and for driving our progress in a complex geopolitical and macroeconomic environment. We remain focused on delivering our strategic priorities and look forward to providing an update on our strategy at our Capital Markets Day on 14 June 2027.” Investor enquiries E: investor.relations@ing.com Press enquiries T: +31 (0)20 576 5000 E: media.relations@ing.com Analyst call 29 October 2026 at 9:00 am CET +31 20 708 5074 (NL) +44 330 551 0202 (UK) (Registration required via invitation) Live audio webcast at www.ing.com Press release ING Corporate Communications Amsterdam, 29 October 2026
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Business Highlights ING Press Release 3Q2026 2 Net core lending growth €11.0 bln +6% annualised growth Net core deposit growth €12.1 bln +6% annualised growth Result before tax €2,705 mln +6% vs 3Q2025 Fee and commission income €1,273 mln +9% vs 3Q2025 CET1 ratio 13.3% +26 bps vs 2Q2026 Return on tangible equity (ROTE) 16.3% +90 bps vs 3Q2025 Superior value for customers NPS score Retail Banking1): Ranked #1 in 6 of 9 retail markets Mobile primary customers2): +259,000 in 3Q2026 In Retail Banking, we have gained 259,000 mobile primary customers during the quarter, with strong growth in Germany, the Netherlands and Romania. This brings our total mobile primary customer base to over 16 million out of our more than 41 million customers overall. In terms of NPS, we are the number-one ranked bank in six out of nine retail markets where we serve private individuals, including the Netherlands, where we now also rank first. We continue to improve our onboarding processes to make banking more frictionless and relevant for customers. In Business Banking in Belgium, for example, entrepreneurs can now open an ING business account directly as part of the company registration process with their local chamber of commerce. In Germany, onboarding improvements are also making it easier for clients to open an account, resulting in higher conversion rates. We are also making investing easier and more accessible for customers across our markets. We increased the number of investments clients by 107,000 to 5.4 million, and grew assets under management & e-brokerage by €6.7 billion to €328 billion. In Romania, we expanded our investment offering with brokerage and mutual funds, while customers in Italy can now access their investments through the Wealth Hub in our mobile banking app and through an improved web experience. In Wholesale Banking, we are helping clients manage liquidity and working capital more effectively. We introduced new Trade products that help unlock liquidity tied up in inventory, expanded digital vault services for managing bank guarantees to new markets, and launched the Premium Business Account, giving clients more flexibility in managing operational and excess cash. Sustainability Volume mobilised3): €131.4 bln in 9M2026 vs €110.3 bln in 9M2025 Sustainability deals supported by ING: 674 in 9M2026 vs 633 in 9M2025 In the first three quarters of 2026, our sustainable volume mobilised increased to €131.4 billion, up 19% compared with the same period last year. This reflects our continued support for Wholesale Banking clients in financing their sustainable transitions. This included transactions such as EDF’s £1 billion green hybrid bond in France and McArthurGlen’s €750 million inaugural green bond in the UK. In addition, within Business Banking, we financed a 148 megawatt-peak solar park. The project combines solar and wind energy with battery storage and shared grid infrastructure and is expected to provide electricity for more than 50,000 households annually. We also expanded our sustainable financing offering for SME and mid-sized corporate customers in the Netherlands. An example is “Stap Vooruit”, which offers an interest-rate discount on business loans to customers with recognised environmental or social certifications. Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that’s not. See how we’re progressing at ing.com/climate. 1) Excluding Luxembourg, where activities for private individuals are being gradually phased out. 2) Includes private individuals only; excluding Luxembourg as from 1Q2026. 3) See page 360 of the 2025 Annual Report for the definition of sustainable finance volume mobilised in Wholesale Banking .
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Consolidated Results ING Press Release 3Q2026 3 3Q2026 3Q2025 Change 2Q2026 Change 9M2026 9M2025 Change Profit or loss (in € million) Commercial net interest income1) Other net interest income 4,335 -74 3,823 -118 13.4% 4,174 -47 3.9% 12,568 -125 11,389 -525 10.4% Net interest income 4,262 3,705 15.0% 4,126 3.3% 12,443 10,863 14.5% Net fee and commission income 1,273 1,165 9.3% 1,278 -0.4% 3,786 3,381 12.0% Investment income 91 66 37.9% 54 68.5% 152 114 33.3% Other income 602 962 -37.4% 825 -27.0% 1,953 2,879 -32.2% Total income 6,227 5,898 5.6% 6,284 -0.9% 18,334 17,237 6.4% Expenses excl. regulatory costs 3,043 2,945 3.3% 3,008 1.2% 8,947 8,741 2.4% Regulatory costs2) 75 67 11.9% 78 -3.8% 477 506 -5.7% Operating expenses 3,119 3,012 3.6% 3,086 1.1% 9,424 9,246 1.9% Gross result 3,108 2,886 7.7% 3,198 -2.8% 8,910 7,991 11.5% Addition to loan loss provisions 403 326 23.6% 279 44.4% 1,028 938 9.6% Result before tax 2,705 2,560 5.7% 2,919 -7.3% 7,882 7,053 11.8% Taxation 790 703 12.4% 902 -12.4% 2,344 1,939 20.9% Non-controlling interests 64 70 -8.6% 71 -9.9% 185 197 -6.1% Net result3) 1,850 1,787 3.5% 1,947 -5.0% 5,353 4,917 8.9% Commercial growth Net core lending growth (in € billion)4) 11.0 14.2 15.2 41.2 36.4 Net core deposit growth (in € billion)4) 12.1 -0.2 15.9 35.2 28.6 Profitability and efficiency Net interest margin5) 1.47% 1.37% 1.44% 1.45% 1.34% Commercial net interest margin6) 2.31% 2.22% 2.26% 2.28% 2.24% Cost/income ratio 50.1% 51.1% 49.1% 51.4% 53.6% Risk costs in bps of average customer lending 21 19 15 18 18 Net result per share (in euros) 0.65 0.60 8.3% 0.68 -4.4% 1.87 1.63 14.7% Return on tangible equity (ROTE)7) 16.3% 15.4% 17.0% 15.6% 14.0% ING Group common equity Tier 1 ratio 13.3% 13.4% 13.1% 13.3% 13.4% Risk-weighted assets (end of period, in € billion) 337.7 336.2 0.4% 341.9 -1.2% 337.7 336.2 0.4% 1) Commercial net interest income (NII) is the sum of lending NII and liability NII (excluding significant volatile items). For a reconciliation with total NII see page 15. 2) Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes (‘DGS’) and resolution funds. 3) Net result reflects the net result attributable to shareholders of the parent. 4) Net core lending growth represents the development in loans and advances to customers excluding provisions for loan losses, adjusted for currency impacts, Treasury and run-off portfolios. Net core deposit growth represents customer deposits adjusted for currency impacts, Treasury and run -off portfolios. 5) Net interest margin reflects annualised total NII as a percentage of average assets. 6) Commercial net interest margin reflects annualised commercial NII as a percentage of average customer lending excluding Financial Markets and Treasury. 7) ROTE = Annualised net result divided by average IFRS-EU shareholders' equity (excluding reserved profits not included in CET1 capital and intangible assets). See page 15. As from 1Q2026,ING has transitioned from ROE to ROTE; the prior period ratios have been computed retrospectively using the same methodology. Total income Total income in 3Q2026 rose 5.6% year-on-year to €6,227 million and remained broadly stable sequentially. Commercial net interest income continued to increase, supported by higher customer balances and an improved liability margin. Fee income benefited from our growing customer base and remained on par with the record level achieved in the previous quarter. These positive trends were partly offset by a lower contribution from Treasury in other income, reflecting the impact of increased interest rates and financial market volatility. Net core lending growth was €11.0 billion in 3Q2026, driven by sustained commercial momentum across all businesses. As a leading European mortgage bank, we continued to support customers in financing their homes, and this resulted in €6.9 billion of net mortgage growth during the quarter. In addition, consumer lending increased by €1.1 billion and Business Banking lending grew by €0.5 billion. Wholesale Banking generated €2.5 billion of net core lending growth, reflecting strong client demand, while risk-weighted assets declined by €3.1 billion quarter-on-quarter, demonstrating continued capital discipline. Net core deposit growth was €12.1 billion in 3Q2026, underlining the strength of our customer franchise and deposit-gathering capabilities. Wholesale Banking contributed €9.4 billion, driven by strong growth in Payments & Cash Management deposits across multiple markets. Retail Banking added €2.7 billion in net core deposits despite seasonal outflows related to summer holiday spending, the conclusion of several deposit-gathering campaigns, and continued net flows into investment products, which supported further growth in assets under management and e-brokerage accounts. Commercial net interest income rose 13% year-on-year to €4,335 million, reflecting strong volume growth on both sides of the balance sheet coupled with disciplined commercial pricing. This was reflected in an improvement in the commercial net interest margin to 2.31%, from 2.22% a year ago. Quarter-on-quarter, commercial net interest income increased by €161 million, or 3.9%. This was primarily driven by higher liability net interest income, which rose by €135 million. Deposit volumes continued to grow, while the liability margin increased to 1.13% from 1.07% in 2Q2026 as it benefited from the ongoing tailwind of higher replication income. Lending net interest income increased by €28 million, supported by a further expansion of the loan Consolidated results
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Consolidated Results ING Press Release 3Q2026 4 portfolio. The average lending margin declined modestly to 1.23% from 1.24% in the previous quarter, reflecting a loan growth mix skewed towards lower-risk lending at attractive returns. Net interest income (in € million) and commercial net interest margin (in %) Other net interest income mainly comprises interest recorded in Financial Markets and Treasury, where offsetting movements are recorded in other income as a result of accounting asymmetry. Net fee and commission income increased 9.3% year-on- year to €1,273 million, reflecting our growing customer base, the expansion of our product offering, and higher activity levels across both Retail Banking and Wholesale Banking. In Retail Banking, fee income increased across multiple products, with growth in the number of investment customers and continued net inflows into assets under management & e-brokerage being key contributors. Wholesale Banking benefited in particular from higher fee income from Daily Banking & Trade Finance. Compared with 2Q2026, fee income remained broadly stable. Wholesale Banking delivered a strong performance, supported by higher syndication fees in Lending. In Retail Banking, higher daily banking fees driven by summer holiday spending and a growing customer base were more than offset by lower investment product fees, reflecting reduced customer trading activity. Furthermore, investment product fee income in 2Q2026 had benefited from a particularly strong contribution from Belgium. Investment income was €91 million in 3Q2026, including an €89 million annual dividend from our stake in Bank of Beijing. This compares with €66 million in 3Q2025, which had included a €59 million final dividend from Bank of Beijing following an interim dividend received in 1Q2025. Investment income in 2Q2026 amounted to €54 million, including a €26 million dividend from our stake in Van Lanschot Kempen and a dividend received in Poland. Other income amounted to €602 million in 3Q2026, compared with €962 million in 3Q2025 and €825 million in 2Q2026. The decrease was mainly attributable to lower Treasury income, as heightened market volatility and higher interest rates weighed on derivative valuations and hedge ineffectiveness results. Other income from Financial Markets also declined, reflecting lower contributions from trading activities in credit and interest rate products. Other income in 3Q2026 included a €57 million gain on the partial sale of our participation in TTB. The comparable periods also benefited from positive one-off items. Other income in 3Q2025 had included a €44 million gain on the sale of an associate in Belgium. In 2Q2026, other income included a €25 million positive revaluation of our stake in Goldman Sachs TFI in Poland upon acquiring the remaining shares, a €22 million gain on the sale of an equity investment held by Corporate Investments in the Netherlands, as well as €18 million of one-off gains in Wholesale Banking. Operating expenses Total expenses amounted to €3,119 million in 3Q2026, up 1.1% versus the prior quarter, and included €75 million of regulatory costs and €69 million of incidental items. Operating expenses (in € million) Excluding regulatory costs and incidental items, operating expenses were €2,975 million, up 3.6% year-on-year. This mainly reflected continued investments to support business expansion across our Retail Banking Other countries, while operating expenses excluding regulatory costs and incidental items declined in the Netherlands, Belgium and Germany. Sequentially, operating expenses excluding regulatory costs and incidental items were broadly stable, as the impact of the 3.5% salary increase under the Dutch collective labour agreement, effective from 1 July 2026, was largely absorbed by a lower number of internal and external FTEs and lower marketing expenses. Regulatory costs amounted to €75 million compared with €67 million in 3Q2025 and €78 million in 2Q2026. Incidental items totalled €69 million in 3Q2026, mainly related to restructuring provisions in Retail Netherlands (€24 million), Retail Germany (€20 million), Wholesale Banking (€9 million) and the Corporate Line (€10 million). Once fully implemented, these measures are expected to deliver around €40 million of annualised cost savings. By comparison, incidental items were €73 million in 3Q2025 and €46 million in 2Q2026, both largely related to restructuring provisions. Addition to loan loss provisions Net additions to loan loss provisions amounted to €403 million in 3Q2026. Excluding one-offs, risk costs remained well below our through-the-cycle average of around 20 basis points. Total Stage 1 and 2 risk costs amounted to €165 million, primarily reflecting a €111 million management overlay in anticipation of an IFRS model update in the Project Finance portfolio within Wholesale Banking. This model update reflects revised model methodology and does not stem from a deterioration in the underlying credit quality of the portfolio.
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Consolidated Results ING Press Release 3Q2026 5 Total net additions to Stage 3 provisions in 3Q2026 were €239 million. These mainly related to collective provisions in consumer lending, reflecting portfolio growth and IFRS model updates, and to a lesser extent collective provisions in business lending within Retail Banking. Stage 3 individual risk costs remained modest. Addition to loan loss provisions (in € million) Risk costs for Retail Banking were €192 million, or 14 basis points of average customer lending. Net additions were mainly attributable to consumer lending, with a smaller contribution from business banking, while mortgage-related risk costs remained low. Wholesale Banking recorded risk costs of €208 million, equivalent to 39 basis points of average customer lending, including the €111 million impact of the aforementioned Project Finance management overlay, as well as SRT- and CPRI-related charges. Stage 3 individual risk costs remained modest. Net result The net result for 3Q2026 amounted to €1,850 million, representing a 3.5% increase year-on-year. The net result per share rose 8.3% year-on-year, benefiting from the lower number of outstanding shares following the share buyback programmes. Compared with 2Q2026, net profit declined by 5.0%. ING Group's effective tax rate was 29.2% in 3Q2026, compared with 27.5% in 3Q2025 and 30.9% in 2Q2026. The year-on-year increase primarily reflects the significantly higher corporate income tax rate for banks in Poland effective from 1 January 2026. Our strong performance in 3Q2026 resulted in a return on tangible equity (ROTE) of 16.3%. On a four-quarter rolling basis, ROTE increased to 14.8%. ING calculates ROTE using average IFRS-EU shareholders' equity, excluding intangible assets and reserved profit not included in CET1 capital. At the end of 3Q2026, reserved profit not included in CET1 capital amounted to €3,435 million and comprised 100% of the net profit generated in the first nine months of 2026, which has been retained for future distributions, partly offset by distributions made during the period. Return on tangible equity (ROTE) Resilient net profit is defined as net profit adjusted for significant items that are not related to the normal course of business. As no such items were recorded in 2025 or in the first nine months of 2026, resilient net profit was equal to reported net profit. Outlook for 20261) Based on current assumptions and scenarios, we confirm our outlook for 2026. Total income is expected to exceed €24.5 billion, including approximately €5 billion in fee income. Total operating expenses (excluding incidental items after 1Q2026) are projected to be in the range of €12.6-€12.8 billion. The full-year 2026 ROTE is expected to exceed 15%. We maintain our CET1 capital ratio guidance at ~13%. Outlook for 20271) Based on current assumptions and scenarios, we confirm our outlook for 2027. Total income is expected to exceed €26 billion, of which €5.3-€5.5 billion in fee income. We project total operating expenses (excluding incidental items) of around €13 billion and anticipate an ROTE above 16%. Our CET1 capital ratio guidance remains unchanged at ~13%. Refocusing Wholesale Banking As part of the ambition to become the best European bank, we are taking a next strategic step in Wholesale Banking to simplify and make it easier for our clients to do business with us. As a reliable banking partner, we aim to create greater value for our clients and all our stakeholders. We will create a more streamlined structure which supports closer relationships with clients, to serve them with more impact and relevance. We’re renaming the unit Corporate and Institutional Banking, to better reflect our business focus. Due to these changes, effective 1 March 2027, a number of roles will change and we expect around 400 redundancies globally. We will work with the organization and relevant stakeholders to ensure that we do this in the best way possible and help impacted colleagues find their next role inside or outside of ING. A pre-tax redundancy provision of around €175 million is expected to be booked in the fourth quarter of 2026. The measures are expected to result in a cost reduction of around €75 million per annum, fully effective from 2028 onwards. We will give a further update of our financial and commercial targets at our Capital Markets Day in June 2027. 1) This outlook excludes the potential impact of the intended exit from Russia. It also excludes potential other incidental item s and/or one-offs. The outlook and trends discussed in this section are forward-looking statements that are based on management’s current expectations and are subject to change, including as a result of the factors described under the section entitled ‘Important Legal Information’ in this document. ING assumes no obl igation to publicly update or revise these forward-looking statements, whether as a result of new information or for any other reason.
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Consolidated Balance Sheet ING Press Release 3Q2026 6 Consolidated balance sheet in € million 30 Sep. 26 30 Jun. 26 31 Dec. 25 30 Sep. 26 30 Jun. 26 31 Dec. 25 Assets 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 through 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 Other assets1) 69,770 38,402 161,757 63,846 1,912 3,617 92,383 62,649 68,515 763,472 769,671 -6,199 761 2,750 1,783 11,548 64,954 52,889 30,311 21,204 160,057 133,157 64,728 55,730 1,501 1,657 3,455 3,448 90,373 72,322 63,043 56,662 67,985 53,867 755,620 721,705 761,635 727,599 -6,015 -5,894 1,184 1,607 2,651 2,478 1,740 1,510 13,213 9,326 Liabilities 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 Other liabilities Debt securities in issue Subordinated loans 28,745 779,705 110,878 30,519 1,698 78,661 15,436 176,897 18,684 31,687 773,179 103,313 26,318 1,257 75,738 16,114 166,011 19,068 18,517 721,367 80,532 23,427 1,338 55,768 13,705 151,231 18,100 Total liabilities 1,130,343 1,109,372 1,003,452 Equity Shareholders' equity Non-controlling interests 49,980 1,083 50,246 1,141 49,698 1,255 Total equity 51,063 51,387 50,953 Total assets 1,181,407 1,160,759 1,054,405 Total liabilities and equity 1,181,407 1,160,759 1,054,405 1) Other assets per 31 December 2025 includes €164 million of assets held for sale. Balance sheet In 3Q2026, ING’s balance sheet increased by €21 billion to €1,181 billion. Asset growth was primarily driven by an €8 billion increase in customer lending, an €8 billion rise in loans and advances to banks, and a €5 billion increase in cash and balances with central banks. The growth in customer lending reflected continued commercial momentum in both Retail Banking and Wholesale Banking. On the liability side of the balance sheet, the increase was predominantly attributable to €11 billion of higher debt securities in issue, an €8 billion increase in financial liabilities at fair value through profit or loss and €7 billion growth in customer deposits, partly offset by a €3 billion reduction in deposits from banks. The increase in customer deposits was primarily driven by Wholesale Banking; Retail Banking also contributed despite seasonal outflows related to summer holiday spending. Shareholders’ equity Shareholders’ equity decreased by €266 million in 3Q2026. The addition of the €1,850 million net result recorded in the quarter was more than offset by the payment of the €1,142 million interim dividend in August and a €1,164 million decrease in the cash flow hedge reserves. Change in shareholders’ equity in € million 3Q2026 9M2026 Shareholders' equity beginning of period 50,246 49,698 Net result for the period 1,850 5,353 (Un)realised gains/losses fair value through OCI 176 205 Change in cash flow hedge reserve -1,164 -1,266 Change in treasury shares (incl. share buyback) 0 -1,068 Exchange rate differences -20 279 Dividend -1,142 -3,258 Other changes 34 39 Total changes -266 283 Shareholders' equity end of period 49,980 49,980 Shareholders’ equity per share was €17.58 on 30 September 2026 compared with €17.57 on 30 June 2026.
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Capital, Liquidity and Funding ING Press Release 3Q2026 7 ING Group: Capital position in € million 30 Sept. 2026 30 June 2026 Shareholders' equity (parent) 49,980 50,246 Reserved profits not included in CET1 capital -3,435 -2,725 Other regulatory adjustments -1,531 -2,829 Available common equity Tier 1 capital 45,014 44,692 Additional Tier 1 securities 7,509 8,906 Regulatory adjustments additional Tier 1 116 114 Available Tier 1 capital 52,640 53,712 Supplementary capital - Tier 2 bonds 9,803 10,135 Regulatory adjustments Tier 2 55 67 Available Total capital 62,498 63,914 Risk-weighted assets 337,651 341,946 Common equity Tier 1 ratio 13.3% 13.1% Tier 1 ratio 15.6% 15.7% Total capital ratio 18.5% 18.7% Leverage Ratio 4.1% 4.2% Capital ratios The CET1 ratio rose to 13.3% at the end of 3Q2026, slightly above ING’s target of around 13%. The 26 basis-point increase compared with the end of 2Q2026 was mostly driven by a €4.3 billion decrease in RWA, reflecting disciplined capital management. CET1 capital remained broadly stable as the €1,850 million net profit generated in 3Q2026 was fully reserved outside of CET1 capital. The Tier 1 ratio and Total capital ratio decreased in 3Q2026, mainly due to the announced redemption of a $1.5 billion AT1 instrument. The leverage ratio declined to 4.1%, reflecting lower Tier 1 capital and higher total assets. Risk-weighted assets (RWA) Total RWA decreased by €4.3 billion in 3Q2026. ING Group: Composition of RWA in € billion 30 Sept. 2026 30 June 2026 Credit RWA 279.2 284.2 Operational RWA 45.3 45.3 Market RWA 13.2 12.4 Total RWA 337.7 341.9 Credit RWA decreased by €5.1 billion in 3Q2026. RWA growth from business activity was more than offset by the execution of two significant risk-transfer (SRT) transactions, one in Wholesale Banking and one in Retail Banking, which together provided €3.0 billion of RWA relief, and by a further partial reduction of our stake in TMBThanachart Bank. Operational RWA remained flat and market RWA increased by €0.8 billion. Distribution Resilient net profit, which is defined as net profit adjusted for significant items that are not related to the normal course of business, was equal to reported net profit in 3Q2026 and amounted to €1,850 million. ING has fully reserved the net profit of 3Q2026 outside of CET1 capital. The additional shareholder distribution of €1.0 billion, as announced on 30 April 2026, was completed on 23 October 2026. A total of almost 35 million ordinary shares have been repurchased for a total consideration of €1.0 billion. Today, ING announced the start of a share buyback programme under which we plan to repurchase ordinary shares of ING Group for a maximum total amount of €1.65 billion. In addition, an amount of €250 million will be paid out in cash to shareholders on 14 January 2027. In line with ING’s dividend reserving approach, the additional distribution will be financed from dividend reserves. As a result, the implied CET1 impact of 56 basis points is already reflected in the reported 13.3% CET1 ratio for 3Q2026. CET1 requirement ING targets a CET1 ratio of around 13%, which is comfortably above the prevailing CET1 ratio requirement (including buffer requirements) of 11.10%. This requirement remained unchanged compared with 2Q2026, as the removal of the sectoral systemic risk buffer in Belgium was offset by higher countercyclical buffer requirements in Belgium and Poland.
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Capital, Liquidity and Funding ING Press Release 3Q2026 8 MREL and TLAC requirements Minimum Required Eligible Liabilities (MREL) and Total Loss Absorbing Capacity (TLAC) requirements apply to ING Group at the consolidated level of the resolution group. The available MREL and TLAC capacity consists of own funds and senior debt instruments issued by ING Group. Under ING’s single-point-of-entry strategy, MREL and TLAC capacity are aligned. MREL requirements are higher; therefore, TLAC is not a binding constraint for ING. ING’s MREL requirement (including buffer requirements) at the end of 3Q2026 was 27.89% of RWA and 7.20% of leverage exposure. The MREL capacity decreased in 3Q2026 following the announced redemption of a $1.5 billion AT1 instrument and two HoldCo Senior instruments of $1.25 billion and $0.5 billion, respectively. The decrease in MREL capacity led to lower surpluses based on both RWA and leverage exposure. The decline in the RWA-based surplus was partly offset by lower RWA, while higher leverage exposure contributed to a lower surplus based on leverage exposure. ING Group: MREL requirements in € million 30 Sept. 2026 30 June 2026 MREL capacity 108,224 111,041 MREL (as a % of RWA) 32.1% 32.5% MREL (as a % of leverage exposure) 8.4% 8.7% MREL surplus based on LR requirement 15,382 19,614 MREL surplus based on RWA requirement 14,039 15,669 Liquidity and funding In 3Q2026, the 12-month moving average Liquidity Coverage Ratio (LCR) decreased slightly to 136%. ING’s long-term debt position (excluding AT1) increased by €2.3 billion versus 2Q2026. The change was caused by a combination of issuances, redemptions and FX movements. Long-term debt maturity ladder per currency, 30 September 2026 in € billion Total 2026 2027 2028 2029 2030 2031 >2031 EUR 90 3 6 12 12 12 9 38 USD 22 0 1 2 3 2 2 11 Other 16 0 2 3 3 2 2 3 Total 128 3 9 17 18 16 13 52 Ratings The ratings and outlook from S&P, Moody’s, Fitch and Scope remained unchanged during the quarter. Credit ratings of ING on 28 October 2026 S&P Moody's Fitch Scope ING Groep N.V. Issuer rating Long-term A- n/a A+ AA- Short-term A-2 n/a F1 S-1+ Outlook Stable Stable1) Stable Stable Senior unsecured rating A- Baa1 A+ A+ ING Bank N.V. Issuer rating Long-term A+ A2 AA AA- Short-term A-1 P-1 F1+ S-1+ Outlook Stable Stable Stable Stable Senior unsecured rating A+ A2 AA AA- 1) Outlook Moody's for ING Groep N.V. refers to the senior unsecured rating. LCR 12-month moving average in € billion 30 Sept. 2026 30 June 2026 Level 1 188.7 187.8 Level 2A 1.7 1.8 Level 2B 7.6 7.7 Total HQLA 198.1 197.2 Outflow 252.3 249.1 Inflow 106.5 105.3 LCR 136% 137% At the end of 3Q2026, the Net Stable Funding Ratio of ING stood at 126%, which is comfortably above the regulatory minimum of 100%. The funding mix remained largely stable in 3Q2026. ING Group: Loan-to-deposit ratio and funding mix 30 Sept. 2026 30 June 2026 Loan-to-deposit ratio 0.98 0.98 Funding mix Customer deposits (private individuals) 49% 50% Customer deposits (other) 23% 22% Lending / repurchase agreement 7% 7% Interbank 2% 3% CD/CP 7% 6% Long-term senior debt 11% 11% Subordinated debt 2% 2% Total1) 100% 100% 1) Liabilities excluding trading securities and IFRS equity.
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Risk Management ING Press Release 3Q2026 9 ING Group: Total credit outstandings1) in € million Credit outstandings 30 Sept. 30 June 2026 2026 Stage 2 Stage 2 ratio Stage 3 Stage 3 ratio 30 Sept. 2026 30 June 2026 30 Sept. 2026 30 June 2026 30 Sept. 2026 30 June 2026 30 Sept. 2026 30 June 2026 Residential mortgages 395,985 389,084 33,781 33,752 8.5% 8.7% 3,520 3,389 0.9% 0.9% of which Netherlands 139,820 137,122 18,700 19,171 13.4% 14.0% 727 696 0.5% 0.5% of which Belgium 43,889 43,727 4,100 3,990 9.3% 9.1% 1,149 1,129 2.6% 2.6% of which Germany 106,572 104,452 3,438 3,317 3.2% 3.2% 598 590 0.6% 0.6% of which Rest of the world 105,704 103,784 7,543 7,274 7.1% 7.0% 1,046 974 1.0% 0.9% Consumer lending 31,859 30,882 2,699 2,501 8.5% 8.1% 1,461 1,432 4.6% 4.6% Business lending 122,224 121,444 12,979 13,250 10.6% 10.9% 3,893 3,751 3.2% 3.1% of which business lending Netherlands 50,244 48,787 5,697 6,179 11.3% 12.7% 790 761 1.6% 1.6% of which business lending Belgium 50,567 51,508 4,215 3,920 8.3% 7.6% 1,949 1,842 3.9% 3.6% Other retail banking 37,646 35,884 385 378 1.0% 1.1% 222 211 0.6% 0.6% of which retail-related treasury 32,072 33,184 1 0.0% 0.0% 0.0% 0.0% Retail Banking 587,714 577,294 49,844 49,880 8.5% 8.6% 9,097 8,782 1.5% 1.5% Lending 178,296 175,012 13,771 15,176 7.7% 8.7% 3,620 3,583 2.0% 2.0% Daily Banking & Trade Finance 82,689 76,464 4,356 5,128 5.3% 6.7% 693 670 0.8% 0.9% Financial Markets 11,029 10,732 1,500 1,559 13.6% 14.5% 229 221 2.1% 2.1% Treasury & Other 40,698 37,045 394 331 1.0% 0.9% 155 166 0.4% 0.4% Wholesale Banking 312,712 299,254 20,022 22,194 6.4% 7.4% 4,697 4,639 1.5% 1.6% Corporate Line 3,348 3,685 334 330 10.0% 8.9% 218 231 6.5% 6.3% Total loan book 903,773 880,232 70,200 72,404 7.8% 8.2% 14,012 13,652 1.6% 1.6% 1) Lending and money market credit outstandings, including guarantees and letters of credit but excluding undrawn committed exposures (off balance positions). Credit risk management Total credit outstandings rose in 3Q2026, mainly following increases in residential mortgages and in Wholesale Banking Daily Banking. Stage 2 credit outstandings decreased, largely attributable to Wholesale Banking Lending. The stock of provisions increased due to relatively higher Stage 2 provisions, mainly triggered by model updates. The Stage 3 coverage ratio1) decreased to 33.1% from 33.5% in the previous quarter. The loan portfolio consists primarily of asset-based and secured loans, including residential mortgages, project- and asset-based finance, and real estate finance, with generally low loan-to-value ratios. ING Group: Stock of provisions1) in € million 30 Sept. 2026 30 June 2026 Change Stage 1 - 12-month ECL 480 462 17 Stage 2 - Lifetime ECL not credit impaired 1,301 1,184 116 Stage 3 - Lifetime ECL credit impaired2) 4,633 4,568 65 Total 6,413 6,214 199 1) At the end of September 2026, the stock of provisions included provisions for loans and advances to customers (€6,199 million), loans and advances to central banks (€12 million), loans and advances to banks (€17 million), financial assets at FVOCI (€18 million), securities at amortised cost (€16 million) and ECL provisions for off-balance-sheet exposures (€151 million) recognised as liabilities. 2) Stage 3 includes €26 million for purchased or originated credit-impaired (POCI) financial assets. 1) The Stage 3 coverage ratio is determined by dividing Stage 3 provisions by Stage 3 outstandings. From this quarter onwards, provisions for purchased or originated credit-impaired (POCI) assets are included in the calculation. To present the ratio on a comparable basis, the Stage 3 coverage rati o for 2Q2026 has been updated from 33.3% to 33.5%.
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Segment Reporting: Retail Banking ING Press Release 3Q2026 10 In € million 3Q2026 3Q2025 Change 2Q2026 Change 9M2026 9M2025 Change Profit or loss Commercial net interest income Other net interest income 3,248 22 2,839 -47 14.4% 3,118 52 4.2% -57.7% 9,388 144 8,434 -104 11.3% Net interest income 3,270 2,792 17.1% 3,170 3.2% 9,532 8,330 14.4% Net fee and commission income 859 783 9.7% 880 -2.4% 2,601 2,305 12.8% Investment income 0 5 -100.0% 26 -100.0% 29 17 70.6% Other income 115 299 -61.5% 293 -60.8% 491 851 -42.3% Total income 4,244 3,880 9.4% 4,369 -2.9% 12,653 11,503 10.0% Expenses excl. regulatory costs 1,984 1,932 2.7% 1,949 1.8% 5,803 5,637 2.9% Regulatory costs 56 49 14.3% 57 -1.8% 387 437 -11.4% Operating expenses 2,039 1,981 2.9% 2,006 1.6% 6,190 6,074 1.9% Gross result 2,205 1,899 16.1% 2,364 -6.7% 6,463 5,429 19.0% Addition to loan loss provisions 192 192 0.0% 131 46.6% 597 577 3.5% Result before tax 2,013 1,707 17.9% 2,233 -9.9% 5,866 4,852 20.9% Key financial metrics Net core lending growth (in € billion) 8.5 8.6 12.1 30.0 28.5 Net core deposit growth (in € billion) 2.7 -7.1 16.7 23.7 18.8 Cost/income ratio 48.0% 51.1% 45.9% 48.9% 52.8% Risk costs in bps of average customer lending 14 15 10 15 15 Return on equity based on 13.0% CET11) 24.3% 22.5% 27.0% 23.8% 21.5% Risk-weighted assets (end of period, in € billion) 179.9 170.3 5.6% 181.1 -0.7% 179.9 170.3 5.6% 1) Annualised after-tax return divided by average equity based on 13.0% of RWA. Retail Banking Retail Banking maintained strong commercial momentum in the third quarter, as reflected in the continued growth in customer lending, deposits and assets under management & e-brokerage. The number of mobile primary customers increased by 259,000 during the quarter. Net core lending growth was €8.5 billion, driven by mortgage production of €6.9 billion, particularly in the Netherlands, Germany, Australia, Italy and Spain. Growth was further supported by increases in business lending and consumer lending balances across multiple markets. Net core deposits growth was €2.7 billion despite seasonal outflows related to summer holiday spending, the conclusion of several deposit- gathering campaigns, and continued net inflows into investment products. Commercial net interest income rose 14% year-on-year and 4.2% sequentially, supported by sustained growth in customer balances and a higher average liability margin, which further strengthened during the quarter. Fee and commission income increased 10% year-on-year, driven by broad-based growth across products and markets. In particular, investment product fees were higher, supported by a growing number of investment product customers and continued net inflows into assets under management & e- brokerage. Compared with 2Q2026, fee income decreased 2.4%, reflecting lower customer trading activity in Germany and elevated fee income in Belgium in the previous quarter. The impact of these factors was partly offset by higher fees from daily banking, lending activities and insurance products. Other income declined, mainly due to lower valuation and hedge ineffectiveness results in Treasury amid market volatility. In addition, 2Q2026 included a €25 million positive revaluation of our stake in Goldman Sachs TFI upon acquiring the remaining shares and a €22 million gain on the sale of an equity stake, while 3Q2025 had benefited from a €44 million gain on the sale of an associate. Expenses remained well managed. Excluding regulatory costs, expenses increased 1.8% compared with 2Q2026, partly reflecting higher incidental item costs for restructuring. When also excluding incidental item costs (€44 million in 3Q2026 versus €29 million in 2Q2026), underlying expense growth was limited to 1.0% sequentially. Compared with 3Q2025, expenses excluding regulatory costs increased 2.7%, largely reflecting annual salary increases and investments to support future growth, which were partly offset by savings from digitalisation initiatives and earlier restructuring programmes. Risk costs amounted to €192 million, or 14 basis points of average customer lending. These net additions were primarily related to consumer and business lending, while mortgage- related risk costs remained low. In 3Q2026, we completed the first significant risk-transfer (SRT) transaction for Retail Banking, resulting in €1.0 billion of RWA relief in Retail Netherlands. Retail Banking: Consolidated profit or loss account
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Segment Reporting: Retail Banking ING Press Release 3Q2026 11 Retail Banking: Consolidated profit or loss account Retail Banking Netherlands Retail Banking Belgium In € million 3Q2026 3Q2025 2Q2026 9M2026 9M2025 3Q2026 3Q2025 2Q2026 9M2026 9M2025 Profit or loss Commercial net interest income 1,111 926 1,063 3,173 2,729 461 417 450 1,362 1,248 Other net interest income -102 -169 -83 -246 -463 2 16 25 41 70 Net interest income 1,008 757 979 2,927 2,265 463 432 475 1,403 1,318 Net fee and commission income 309 291 300 902 831 190 176 196 575 515 Investment income 3 3 1 9 8 0 1 2 -1 1 Other income 82 180 160 324 579 34 77 66 124 149 Total income 1,402 1,231 1,441 4,162 3,682 687 685 738 2,101 1,983 Expenses excl. regulatory costs 518 514 492 1,491 1,495 373 426 370 1,111 1,195 Regulatory costs 2 0 0 2 0 0 0 -5 177 226 Operating expenses 519 514 492 1,492 1,495 373 426 366 1,288 1,421 Gross result 883 717 949 2,669 2,187 314 259 372 813 562 Addition to loan loss provisions 2 16 1 41 89 63 36 43 194 112 Result before tax 881 701 947 2,628 2,099 251 224 330 619 450 Key financial metrics Net core lending growth (in € billion) 3.7 3.9 4.7 12.6 12.4 -0.8 -1.0 1.9 1.4 0.7 Net core deposit growth (in € billion) 0.0 0.9 5.2 5.1 6.1 0.6 -1.5 -0.1 0.9 -0.8 Cost/income ratio 37.0% 41.7% 34.1% 35.9% 40.6% 54.3% 62.1% 49.6% 61.3% 71.7% Risk costs in bps of average customer lending 0 4 0 3 7 26 14 18 26 15 Return on equity based on 13.0% CET11) 35.9% 29.7% 38.2% 35.7% 29.8% 16.0% 14.0% 20.5% 13.0% 9.3% Risk-weighted assets (end of period, in € billion) 55.0 53.7 57.2 55.0 53.7 35.3 35.5 36.5 35.3 35.5 1) Annualised after-tax return divided by average equity based on 13.0% of RWA. Retail Netherlands Net core lending growth was €3.7 billion, supported by consistently strong mortgage production and a further expansion in business lending. Core deposits remained resilient, as net inflows from business banking clients offset a seasonal decline related to holiday spending. Commercial net interest income increased both year-on-year and sequentially, driven by an improved liability margin and growth in customer balances. Fee income rose compared with both the prior year and the previous quarter, mainly reflecting higher fees from investment products, supported by growth in assets under management & e-brokerage. The combined contribution from other net interest income and other income, both largely linked to Treasury activities, was lower than in both comparable quarters. This mainly reflected the impact of higher interest rates on derivative valuations, while 2Q2026 had also benefited from a €22 million gain on the sale of an equity stake. Expenses included €24 million of restructuring costs compared with €11 million in 3Q2025 and €10 million in 2Q2026. Excluding regulatory costs and incidental items, expenses declined slightly year-on-year, driven by savings on IT expenses and external staffing. Compared with the previous quarter, expenses excluding regulatory costs and incidental items increased 2.5%, mainly reflecting the 3.5% CLA salary increase effective as of 1 July and the absence of a €10 million legal provision release recorded in 2Q2026. These effects were partly offset by lower marketing expenses. Risk costs were negligible, as additions to loan loss provisions were almost fully offset by the favourable impact of a model change in Business Banking. Retail Belgium (including Luxembourg) Net core lending declined by €0.8 billion, primarily reflecting lower balances for one large client. Net core deposit growth amounted to €0.6 billion, as inflows from successful deposit campaigns more than offset seasonal effects related to holiday spending. Commercial net interest income increased both year-on-year and sequentially, reflecting a higher liability margin supported by increased replicating income and continued disciplined pricing. Fee income rose year-on-year, mainly driven by investment product fees, consistent with the growth in assets under management & e-brokerage. Sequentially, fee income declined following an exceptionally strong performance in 2Q2026. Other income declined both year-on-year and sequentially. The year-on-year decline reflected a €44 million gain on the sale of an associate recorded in 3Q2025. The quarter-on- quarter decline was mainly due to lower Treasury results. Expenses excluding regulatory costs declined compared with a year ago, even after adjusting for the €42 million of restructuring costs recorded in 3Q2025. Expenses in 3Q2026 included the impact of automatic salary indexation, which was more than offset by a reduction in FTEs and the transfer of the Luxembourg run-off portfolio to the Corporate Line in 2026. Sequentially, expenses excluding regulatory costs remained broadly stable. Risk costs were €63 million, or 26 basis points of average customer lending, including an increase in existing Stage 3 provisions for a small number of clients.
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Segment Reporting: Retail Banking ING Press Release 3Q2026 12 Retail Banking: Consolidated profit or loss account Retail Banking Germany Retail Banking Other In € million 3Q2026 3Q2025 2Q2026 9M2026 9M2025 3Q2026 3Q2025 2Q2026 9M2026 9M2025 Profit or loss Commercial net interest income 625 585 594 1,802 1,700 1,051 911 1,012 3,050 2,758 Other net interest income 41 62 25 109 162 82 44 86 240 126 Net interest income 666 648 618 1,911 1,862 1,133 955 1,098 3,290 2,884 Net fee and commission income 126 135 150 433 422 235 181 234 692 537 Investment income 0 0 3 5 3 -3 1 19 16 6 Other income 2 -29 29 -18 -109 -3 72 39 61 232 Total income 794 754 801 2,331 2,178 1,361 1,210 1,389 4,059 3,659 Expenses excl. regulatory costs 350 347 356 1,052 1,003 743 645 730 2,149 1,945 Regulatory costs -6 -11 2 -8 14 60 60 59 217 196 Operating expenses 344 336 358 1,044 1,016 803 705 789 2,365 2,141 Gross result 449 418 443 1,288 1,162 559 505 600 1,693 1,518 Addition to loan loss provisions 57 62 32 135 139 69 78 54 227 237 Result before tax 392 355 410 1,153 1,023 490 427 545 1,466 1,281 Key financial metrics Net core lending growth (in € billion) 2.9 2.0 2.2 7.0 5.3 2.7 3.6 3.3 9.1 10.0 Net core deposit growth (in € billion) -2.1 -8.4 7.8 6.5 5.9 4.2 2.0 3.9 11.3 7.7 Cost/income ratio 43.4% 44.6% 44.8% 44.8% 46.7% 58.9% 58.3% 56.8% 58.3% 58.5% Risk costs in bps of average customer lending 19 22 11 15 17 20 25 16 22 26 Return on equity based on 13.0% CET11) 26.6% 26.5% 28.5% 26.7% 25.5% 16.9% 18.8% 19.1% 17.3% 19.3% Risk-weighted assets (end of period, in € billion) 31.4 28.1 30.3 31.4 28.1 58.2 53.0 57.1 58.2 53.0 1) Annualised after-tax return divided by average equity based on 13.0% of RWA. Retail Germany Core lending continued to show strong net growth. It rose by €2.9 billion, driven by robust mortgage production and the further expansion of the consumer lending portfolio. Core deposits declined by €2.1 billion, including a €2.0 billion shift from deposits into investment products. Excluding this shift, core deposits were broadly stable, as the impact of the conclusion of a promotional savings campaign combined with seasonal holiday spending was largely offset by new inflows. Commercial net interest income increased both year-on-year and sequentially, driven by higher liability margins and growth in both lending and deposit volumes. Fee income declined, reflecting a slowdown in investment trading activity amid lower equity market volatility, while the number of active investment product customers continued to rise. Other income, which mainly relates to Treasury activities, declined sequentially, reflecting lower valuation results following a strong 2Q2026. Expenses included €20 million of incidental item costs, compared with €14 million in 3Q2025 and €19 million in 2Q2026. Excluding regulatory costs and incidental items, expenses were slightly lower than in both comparable quarters, reflecting the benefits from earlier restructuring programmes. Regulatory costs in 3Q2026 included an adjustment to deposit guarantee scheme contributions. Risk costs were €57 million, equivalent to 19 basis points of average customer lending, including an increase in provisions following a model change for consumer lending. Retail Other Net core lending growth remained strong at €2.7 billion, primarily driven by growth in the mortgage portfolio, particularly in Australia, Italy and Spain, alongside higher business and consumer lending. Net core deposits rose by €4.2 billion, particularly driven by Australia and Poland. Continued growth in both lending and deposit volumes, combined with a higher liability margin, supported the strong increase in commercial net interest income compared with both 3Q2025 and 2Q2026. Fee income was slightly higher compared with 2Q2026. Year-on-year, fee income also benefited from the consolidation of TFI in Poland from 2Q2026 onwards and from a structural reclassification from other income effective from 1Q2026. Investment income declined sequentially as 2Q2026 had included a dividend received in Poland. In addition, other income in 2Q2026 had benefited from a positive fair value revaluation of €25 million following the acquisition of the remaining 55% stake in TFI in Poland. Expenses excluding regulatory costs increased compared with 3Q2025, reflecting investments to support business growth, the impact of inflation and the consolidation of TFI. Sequentially, expenses increased modestly, while both quarters included a legal provision (€25 million in 3Q2026 and €22 million in 2Q2026). Risk costs were €69 million, or 20 basis points of average customer lending. This primarily reflected net additions in Spain and Italy.
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Segment Reporting: Wholesale Banking ING Press Release 3Q2026 13 In € million 3Q2026 3Q2025 Change 2Q2026 Change 9M2026 9M2025 Change Profit or loss Commercial net interest income Other net interest income 1,087 -186 984 -220 10.5% 1,055 -175 3.0% 3,180 -511 2,954 -779 7.7% Net interest income 901 763 18.1% 880 2.4% 2,669 2,175 22.7% Net fee and commission income 419 383 9.4% 401 4.5% 1,191 1,079 10.4% Investment income 2 1 100.0% 3 -33.3% 7 6 16.7% Other income 480 663 -27.6% 595 -19.3% 1,548 2,003 -22.7% Total income 1,802 1,810 -0.4% 1,879 -4.1% 5,416 5,262 2.9% of which: Lending 917 884 3.7% 860 6.6% 2,595 2,450 5.9% Daily Banking & Trade Finance 522 449 16.3% 503 3.8% 1,512 1,406 7.5% Financial Markets 363 391 -7.2% 418 -13.2% 1,152 1,178 -2.2% Treasury & Other — 86 -100.0% 97 -100.0% 157 228 -31.1% Total income 1,802 1,810 -0.4% 1,879 -4.1% 5,416 5,262 2.9% Expenses excl. regulatory costs 929 884 5.1% 911 2.0% 2,745 2,734 0.4% Regulatory costs 20 18 11.1% 21 -4.8% 89 69 29.0% Operating expenses 948 902 5.1% 932 1.7% 2,835 2,803 1.1% Gross result 854 908 -5.9% 947 -9.8% 2,581 2,459 5.0% Addition to loan loss provisions 208 134 55.2% 142 46.5% 412 361 14.1% Result before tax 646 774 -16.5% 804 -19.7% 2,169 2,098 3.4% Key financial metrics Net core lending growth (in € billion) 2.5 5.7 3.0 11.1 8.0 Net core deposit growth (in € billion) 9.4 6.9 -0.8 11.5 9.8 Cost/income ratio 52.6% 49.8% 49.6% 52.3% 53.3% Income over average risk-weighted assets (in bps)1) 506 486 513 495 469 Risk costs in bps of average customer lending 39 28 27 26 25 Return on equity based on 13.0% CET12) 12.5% 11.8% 12.5% 11.9% 10.7% Risk-weighted assets (end of period, in € billion) 140.8 149.3 -5.7% 143.9 -2.2% 140.8 149.3 -5.7% 1) Annualised total income divided by average RWA. 2) Annualised after-tax return divided by average equity based on 13.0% of RWA. Wholesale Banking delivered a strong commercial performance in 3Q2026, supported by income growth in both Lending and Daily Banking & Trade Finance, reflecting robust client demand. While customer balances continued to grow, risk-weighted assets declined, demonstrating disciplined capital management. This included the completion of an SRT transaction that provided €2.0 billion of RWA relief. These positives were partly offset by lower income in Treasury and Financial Markets and higher risk costs due to a management overlay, resulting in a return on equity of 12.5% for 3Q2026. Net core lending growth was €2.5 billion in 3Q2026, driven by strong client demand in Lending. Net core deposit growth amounted to €9.4 billion as continued growth in Payments & Cash Management further strengthened our franchise. Lending income increased both year-on-year and sequentially, driven by strong new volume inflow as client demand remained robust. Compared with 2Q2026, income was also supported by higher syndication fees. Daily Banking & Trade Finance income rose 16% year-on- year. This was fuelled by volume growth in Payments & Cash Management, higher customer balances in cash pooling as well as growth in Trade Finance Services and Trade & Commodity Finance, alongside higher fee income. Compared with 2Q2026, income increased 3.8%, mainly attributable to higher client activity in Working Capital Solutions and Trade Finance Services, as well as additional Payments & Cash Management mandates. Financial Markets had a softer quarter, with lower contributions from trading activities in credit and interest rate products, particularly compared with the strong second quarter. This was partly offset by higher income from Securities Financing and Equity Derivatives, driven by increased client activity. Treasury & Other income declined sharply compared with both 3Q2025 and 2Q2026, as heightened market volatility and higher interest rates weighed on derivative valuations and hedge ineffectiveness results in Treasury. In addition, 2Q2026 had benefited from €18 million of one-off gains. Expenses in 3Q2026 included €9 million of restructuring costs, predominantly related to the workforce composition within Tech and Operations. Excluding regulatory costs and this incidental item, expenses increased 4.1% year-on-year and 1.0% sequentially, as the impact of salary indexation and ongoing multi-year investment programmes was partly offset by savings from earlier restructuring initiatives. Risk costs were €208 million, equivalent to 39 basis points of average customer lending. This was primarily due to a €111 million management overlay in anticipation of an IFRS model update in the Project Finance portfolio, as well as SRT- and CPRI-related charges. Stage 3 individual risk costs remained modest. Wholesale Banking: Consolidated profit or loss account
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Segment Reporting: Corporate Line ING Press Release 3Q2026 14 Corporate Line: Consolidated profit or loss account in € million 3Q2026 3Q2025 2Q2026 9M2026 9M2025 Profit or loss Commercial net interest income Other net interest income 0 90 0 149 0 76 0 242 0 358 Net interest income 90 149 76 242 358 Net fee and commission income -5 0 -3 -6 -2 Investment income 89 59 26 115 91 Other income 7 0 -63 -86 26 Total income 181 208 36 265 473 of which: Foreign currency hedging 96 136 77 244 479 Financial stakes1) 169 106 59 254 225 Other Corporate Line -84 -33 -100 -233 -230 Total income 181 208 36 265 473 Expenses excl. regulatory costs 131 129 148 398 369 Regulatory costs 0 0 0 1 0 Operating expenses 131 129 148 399 369 Gross result 50 79 -112 -134 104 Addition to loan loss provisions 4 0 6 19 1 Result before tax 46 78 -118 -153 103 1) 'Financial stakes' contains ING's stake in TMBThanachart Bank (TTB), Bank of Beijing and Van Lanschot Kempen. Total income increased by €145 million compared with 2Q2026. This was primarily driven by the annual dividend of €89 million from our stake in Bank of Beijing and a €57 million gain on the partial sale of our participation in TMBThanachart Bank (TTB) through a private placement of shares with institutional investors. As a result, our stake in TTB was reduced from 19.5% to 11.6%. Compared with 3Q2025, total income declined by €27 million as higher income from financial stakes was more than offset by lower results from foreign currency hedging and derivative valuations. Operating expenses declined compared with 2Q2026 and included €10 million of incidental item costs related to restructuring, compared with €12 million in the previous quarter. Year-on-year, operating expenses increased slightly, as they include the impact of the Luxembourg run-off business, which was transferred to the Corporate Line from 1Q2026 onwards.
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Use of alternative performance measures ING Press Release 3Q2026 15 Our financial information is prepared in accordance with IFRS Accounting Standards as detailed out in our annual report. In addition, in the discussion of our financial performance, we use a number of alternative performance measures, including commercial net interest income, return on tangible equity (ROTE), and net core lending and deposit growth. We consider commercial net interest income, and the derived commercial net interest margin, to be useful information because the scope is restricted to those products that are mainly interest driven and excludes the interest on products where performance measurement is primarily done based on fee income (such as investment products, daily banking services and insurance products) or at the total income level (including Financial Markets and Treasury). Commercial net interest income also excludes significant volatile items in lending and liability net interest income, thus removing items that distort period-on-period comparisons. We consider ROTE to be useful information because it relates profit generation to the tangible equity in the business, thereby providing an indication of how effectively capital is being utilised. ROTE is defined as the annualised net result divided by average IFRS-EU shareholders' equity (with the average based on quarter-end balances) excluding reserved profits not included in CET1 capital and excluding intangible assets. We consider net core lending and deposit growth to be useful information to track our real commercial growth in customer balances. Net core lending and deposit growth measures the development of our customer lending and deposits, adjusted for currency impacts and changes in the Treasury and run-off portfolios. The following tables show how the alternative performance measures can be reconciled to the reported results. in € million 3Q2026 3Q2025 Change 2Q2026 Change 9M2026 9M2025 Change Net interest income (IFRS) 4,262 3,705 15.0% 4,126 3.3% 12,443 10,863 14.5% Exclude: Non-lending and non-liability NII1) -74 -118 -47 -125 -525 Exclude: Significant volatile items2) 0 0 0 0 0 Commercial net interest income 4,335 3,823 13.4% 4,174 3.9% 12,568 11,389 10.4% Of which: Lending net interest income3) 2,309 2,149 7.4% 2,281 1.2% 6,855 6,371 7.6% Of which: Liability net interest income4) 2,027 1,674 21.1% 1,892 7.1% 5,714 5,018 13.9% 1) Non-lending and non-liability NII mainly includes NII for Financial Markets and Treasury. In Financial Markets this primarily reflects the funding costs of positions for which associated revenue is reported in 'other income'. For Treasury, it includes the funding costs of specific money mar ket and FX transactions where an offsetting revenue is recorded in 'other income', as well as interest income from other Treasury activities (such as foreign currency ratio hedging) that are not allocated to Retail or Wholesale. Furthermore, other NII includes the funding costs for our equity stakes, the NII related to investment portfolios, as well as the effect of indexation of NII required by IAS 29 due to hyperinflation in Türkiye. 2) Significant volatile items in lending and liability NII are lending- and liability-related interest items that management would consider as outside the normal course of business and large enough to distort a proper period-on-period comparison. 3) Lending NII includes the NII on mortgages, consumer lending, business lending, Wholesale Lending, Working Capital Solutions and Trade Finance Services. The NII is net, i.e., after internal funds transfer pricing. 4) Liability NII includes the NII on savings, deposits and current accounts. It excludes the NII on deposits in the Financial Markets and Treasury portfolios. The NII is net, i.e., after internal funds transfer pricing. in € million 3Q2026 3Q2025 Change 2Q2026 Change 9M2026 9M2025 Change IFRS-EU shareholders' equity 49,980 49,447 1.1% 50,246 -0.5% 49,980 49,447 1.1% Exclude: Interim profit not included in CET1 capital 3,435 1,419 2,725 3,435 1,419 Exclude: Intangible assets 1,783 1,459 1,740 1,783 1,459 Adjusted IFRS-EU shareholders' equity 44,763 46,569 -3.9% 45,781 -2.2% 44,763 46,569 -3.9% Adjusted IFRS-EU shareholders' equity - average 45,272 46,355 -2.3% 45,710 -1.0% 45,611 46,754 -2.4% Net result attributable to shareholders of the parent 1,850 1,787 3.5% 1,947 -5.0% 5,353 4,917 8.9% Return on tangible equity (ROTE)2) 16.3% 15.4% 17.0% 15.6% 14.0% 1) As from 1Q2026, ING has transitioned from ROE to ROTE; the prior period ratios have been computed retrospectively using the same methodology. 2) Annualised net result divided by average IFRS-EU shareholders' equity (based on quarter-end balances) excluding reserved profits not included in CET1 capital and excluding intangible assets. in € billion ING Group Retail Netherlands Retail Belgium Retail Germany Retail Other Wholesale Banking Corporate Line Customer lending (IFRS) - 3Q2026 769.7 191.2 96.8 120.6 141.0 216.7 3.4 Customer lending (IFRS) - 2Q2026 761.6 188.9 98.2 119.7 137.0 214.1 3.6 Customer lending growth 8.0 2.3 -1.4 0.8 4.0 2.5 -0.2 Exclude: FX impact 0.3 0.0 0.0 0.0 -0.1 0.5 0.0 Exclude: Movements in Treasury, run-off portfolios and other -3.3 -1.5 -0.6 -2.0 1.5 -0.5 -0.2 Net core lending growth1) 11.0 3.7 -0.8 2.9 2.7 2.5 0.0 1) Net core lending growth represents the development in loans and advances to customers excluding provisions for loan losses, adjusted for currency impacts, Treasury and run-off portfolios. Reconciliation net core lending growth 3Q2026 Reconciliation return on tangible equity (ROTE)1) Reconciliation commercial net interest income (NII)
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Use of alternative performance measures ING Press Release 3Q2026 16 Reconciliation net core deposit growth 3Q2026 in € billion ING Group Retail Netherlands Retail Belgium Retail Germany Retail Other Wholesale Banking Corporate Line Customer deposits (IFRS) - 3Q2026 779.7 229.3 97.2 164.2 185.7 103.2 0.2 Customer deposits (IFRS) - 2Q2026 773.2 233.4 96.3 166.4 182.2 94.5 0.4 Customer deposit growth 6.5 -4.1 0.9 -2.2 3.5 8.6 -0.2 Exclude: FX impact -0.7 0.0 0.0 0.0 -0.6 0.0 0.0 Exclude: Movements in Treasury, run-off portfolios and other -4.9 -4.1 0.3 -0.1 -0.1 -0.8 -0.2 Net core deposit growth1) 12.1 0.0 0.6 -2.1 4.2 9.4 0.0 1) Net core deposit growth represents the development in customer deposits, adjusted for currency impacts, Treasury and run-off portfolios.
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ING Press Release 3Q2026 17 Wednesday 6 January 2027 Thursday 7 January 2027 Thursday 7 January 2027 Thursday 14 January 2027 Thursday 21 January 2027 Thursday 28 January 2027 Thursday 25 February 2027 Tuesday 13 April 2027 Thursday 15 April 2027 Friday 16 April 2027 Friday 16 April 2027 Friday 23 April 2027 Thursday 29 April 2027 Friday 30 April 2027 Monday 14 June 2027 Financial calendar 1) Four-quarter rolling average. Ex-date for additional cash payment (Euronext Amsterdam)1) Record date for additional cash payment (Euronext Amsterdam)1) Record date for additional cash payment (NYSE)1) Payment date for additional cash payment (Euronext Amsterdam)1) Payment date for additional cash payment (NYSE)1) Publication results 4Q2026 Publication 2026 ING Group Annual Report Annual General Meeting 2027 Ex-date for final dividend 2026 (Euronext Amsterdam)1) Record date for final dividend 2026 entitlement (Euronext Amsterdam)1) Record date for final dividend 2026 entitlement (NYSE)1) Payment date for final dividend 2026 (Euronext Amsterdam)1) Publication results 1Q2027 Payment date for final dividend 2026 (NYSE)1) Capital Markets Day 2027 1) Only if any dividend is paid All dates are provisional ING profile ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries. ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N). ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING's ESG rating by MSCI has been upgraded from 'AA' to 'AAA' in October 2025. As of July 2026, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’ with an ESG risk rating of 16.7 (low risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell. Further information • For more on results publications, visit the quarterly results publications page on www.ing.com. • For more on investor information, visit www.ing.com/investors. • For news updates, visit the newsroom on www.ing.com or via X (@ING_news feed). • For ING photos such as board members, buildings, etc. visit Flickr. Share information 3Q2026 2Q2026 1Q2026 4Q2025 3Q2025 Shares (in millions, end of period) Shares outstanding Average number of shares outstanding Treasury shares 2,843.7 2,852.1 29.6 2,859.7 2,868.7 60.7 2,876.6 2,890.2 43.7 2,902.4 2,916.0 119.1 2,935.9 2,960.3 85.6 Share price (in euros) End of period 31.49 27.67 22.11 24.01 22.08 High 32.31 28.18 26.13 24.03 22.23 Low 27.64 22.95 21.72 20.49 18.63 Net result per share (in euros) 0.65 0.68 0.54 0.48 0.60 Shareholders' equity per share (end of period in euros) 17.58 17.57 17.68 17.12 16.84 Dividend per share (in euros) - 0.40 - 0.736 - Price/earnings ratio1) 13.4 12.0 10.1 11.3 11.0 Price/book ratio 1.79 1.57 1.25 1.40 1.31
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ING Press Release 3Q2026 18 Important legal information Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’). ING Group’s financial statements 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 2025 ING Group consolidated financial statements. 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 and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine, other existing or emerging military conflicts, the risk of further military escalation, geopolitical tensions, trade restrictions and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT 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 and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change, diversity, equity and inclusion and other ESG-related matters, including data gathering and reporting and also including managing the conflicting laws and requirements of governments, regulators and authorities with respect to these topics (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) 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, and (30) 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 on www.ING.com. This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information. This document may also discuss one or more specific transactions and/or contain general statements about ING’s ESG approach. The approach and criteria referred to in this document are intended to be applied in accordance with applicable law. Due to the fact that there may be different or even conflicting laws, the approach, criteria or the application thereof, could be different. Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security. This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control. Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.