ING Group 2024 SREP process completed

/EIN News/ -- ING Group has been notified of the European Central Bank (ECB) decision on the 2024 Supervisory Review and Evaluation Process (SREP), based on which it has taken a decision on ING’s prudential requirements, including capital requirements for 2025.

ING Group’s fully loaded CET1 requirement is unchanged at 10.87%, including a countercyclical capital buffer of 94 bps (fully loaded per 3Q 2024). According to the ECB’s SREP decision, the Pillar 2 additional own funds requirement (P2R) of 165 bps remained unchanged and will be applicable from 1 January 2025.

As of 30 September 2024, ING’s CET1 ratio was 14.3%, well in excess of the regulatory requirements.

Further information on ING’s capital requirements can be found in the ING Group Credit Update presentation on the Investor Relations section of our website, www.ing.com.

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For more on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via X @ING_news feed. Photos of ING operations, buildings and its executives are available for download at Flickr.

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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 40 countries.

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• ING Group 2024 SREP process completed