Business description: ING Groep N.V.

ING Groep N.V. is the leading financial services group in Benelux. Income breaks down by activity as follows:

- retail banking (76.6%). Revenues breaks down by country between the Netherlands (27.7%), Germany (21.8%), Belgium (15.9%), and other (34,6%);

- corporate banking (20.4%);

- other (1.7%).

At the end of 2025, the group managed EUR 721.4 billion in current deposits and EUR 721.7 billion in current credits.

Number of employees: 60,000

Sales by Activity: ING Groep N.V.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Wholesale Banking

5.8B 5.1B 7.15B 6.35B 6.46B

Retail Banking Netherlands

4.34B 4.13B 5B 4.92B 4.86B

Retail Banking Other

3.4B 3.36B 3.92B 4.4B 4.58B

Retail Banking Germany

1.96B 2.04B 3.03B 2.76B 2.82B

Retail Banking Belgium

2.25B 2.01B 2.51B 2.62B 2.52B

Corporate Line

226M 56M 445M 377M 483M

Unallocated Adjustment of The EU 'IAS 39 Carve Out'

- 11.86B -4.46B -1.53B 2.64B

Geographical breakdown of sales: ING Groep N.V.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Netherlands

5.68B 8.83B 5.17B 5.2B 6.83B

Germany

2.39B 8.57B 1.24B 2.58B 4.32B

Belgium

2.72B 4.36B 1.92B 2.77B 3.89B

Poland

1.51B 1.65B 2.35B 2.62B 2.8B

United States

936M 892M 1.12B 1.28B 1.26B

Spain

743M 899M 1.16B 1.22B 1.23B

Australia

782M 948M 1.03B 994M 971M

United Kingdom

636M 693M 758M 811M 782M

Romania

495M 584M 690M 749M 779M

Italy

335M 345M 433M 513M 522M

Luxemburg

338M 503M 587M 469M 432M

Singapore

331M 354M 354M 474M 403M

France

271M 557M 221M 214M 220M

Switzerland

241M 290M 248M 228M 214M

Türkiye

335M 64M 14M 142M 208M

Russia

38M 246M 136M 139M 186M

Ireland

70M 66M 83M 135M 107M

South Korea

65M 86M 92M 86M 84M

Czech Republic

121M 78M 76M 77M 75M

Hong Kong

79M 82M 101M 76M 70M

Hungary

44M 82M 85M 63M 54M

Japan

25M 30M 40M 42M 43M

Ukraine

22M 45M 53M 45M 38M

Taiwan

26M 33M 39M 27M 34M

Bulgaria

14M 15M 23M 27M 25M

China

26M 30M 18M 29M 25M

Portugal

15M 15M 17M 23M 23M

Slovakia

15M 15M 20M 22M 19M

Philippines

6M 10M 10M 16M 16M

Austria

175M 19M 9M 10M 12M

Brazil

13M 17M 18M 4M 4M

United Arab Emirates

- -1M -2M - -

Mexico

1M - - - -

Executive Committee: ING Groep N.V.

Manager TitleAgeSince
Chief Executive Officer 56 2020-06-30
Director of Finance/CFO - 2026-04-13
Chief Tech/Sci/R&D Officer 55 2024-08-04
Chief Operating Officer 56 2021-08-31
Investor Relations Contact 43 2023-10-11

Composition of the Board of Directors: ING Groep N.V.

Director TitleAgeSince
Director/Board Member 73 2017-05-07
Director/Board Member 70 2019-04-22
Director/Board Member 71 2020-04-27
Director/Board Member 57 2020-04-27
Director/Board Member 63 2020-09-30
Director/Board Member 62 2021-04-25
Director/Board Member 62 2023-04-23
Chairman 62 2023-06-30
Director/Board Member 65 2025-04-21
Director/Board Member - 2025-04-21

Shareholders: ING Groep N.V.

NameEquities%Valuation
Norges Bank Investment Management
2.984 %
87,130,630 2.984 % 2 530 M €
1.227 %
35,841,151 1.227 % 1 041 M €
Nordea Investment Management AB
0.3744 %
10,933,167 0.3744 % 317 M €
FMR Investment Management (UK) Ltd.
0.3018 %
8,814,984 0.3018 % 256 M €
Goldman Sachs Asset Management BV
0.2267 %
6,620,367 0.2267 % 192 M €
NameEquities%Valuation
Fisher Asset Management LLC
1.702 %
49,705,445 1.702 % 1 438 M €
Eaton Vance Management
0.4366 %
12,749,112 0.4366 % 369 M €
Goldman Sachs Wealth Services LP
0.2674 %
7,809,610 0.2674 % 226 M €
Arrowstreet Capital LP
0.2334 %
6,815,183 0.2334 % 197 M €
U.S. Trust Company of Delaware
0.2188 %
6,389,218 0.2188 % 185 M €

Holdings: ING Groep N.V.

NameEquities%Valuation
97,575,000 75% 10 544 M $
2,755,013,100 15.1% 2 137 M $
8,982,563 0.04% 1 793 M $
22,190,033,791 22.74% 1 538 M $
4,333,766 0.03% 1 176 M $
35,841,151 1.23% 1 041 M $
2,254,385 0.05% 941 M $
1,846,440 0.02% 753 M $
1,284,699 0.15% 646 M $
1,233,526 0.02% 475 M $

Company details: ING Groep N.V.

ING Groep NV

Bijlmerdreef 106

1102 CT, Amsterdam

+31 20 563 9111

http://www.ing.com
address ING Groep N.V.(INGA)

Group companies: ING Groep N.V.

NameCategory and Sector
Investment Trusts/Mutual Funds
Finance/Rental/Leasing
Regional Banks
Finance/Rental/Leasing
Real Estate Development

Other Banks

Change 5d. change 1-year change 3-years change Capi.($)
+0.67%+7.32%+41.29%+123.69% 86.39B
-0.70%-2.49%+18.54%+120.51% 809B
+0.87%+0.87%+27.84%+57.92% 372B
-1.48%-3.14%+20.96%+84.56% 364B
+0.80%-2.13%+56.67%+124.12% 308B
+0.91%0.00%+32.93%+62.50% 299B
+1.17%+1.57%+14.38%+58.10% 254B
-0.57%+2.06%+47.60%+90.52% 254B
-2.72%-7.07%+1.56%+91.96% 231B
-1.67%-0.97%+2.39%+72.98% 213B
Average +0.07%-0.49%+26.42%+88.69% 319.22B
Weighted average by Cap. +0.32%-1.54%+25.22%+91.51%
Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
25.72EUR
Average target price
27.80EUR
Spread / Average Target
+8.11%

Quarterly revenue - Rate of surprise

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