Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 31

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 31
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1, 2023, a Leverage Ratio Maximum Distributable Amount
(“L-MDA”) requirement of 3.5% applies to ING Group. As at June 30, 2025, the Group Leverage Ratio was 4.3%. The Banking Reform Package also clarifies the stacking order between the
combined buffer requirement and the MREL requirement and gives the relevant resolution authority the power to prohibit an entity from distributing more than the Maximum Distributable Amount for the Minimum Requirement for own funds and Eligible
Liabilities (“MREL”) (calculated in accordance with Article 16a(4) of the BRRD, the “M-MDA”) where the combined buffer requirement and the MREL requirement are not met.
The M-MDA combined buffer requirement already applies to the Issuer or the Group through Article 3A:11b of the Dutch Financial Supervision Act. In respect of the M-MDA,
the Banking Reform Package provides a nine month grace period whereby the relevant resolution authority assesses on a monthly basis whether to exercise its powers under this provision, before the terms of CRD IV compel such resolution authority to
exercise its power to prohibit distributions (subject to certain limited exceptions, to be verified on a monthly basis). There is no similar grace period in respect of the L-MDA. As at June 30, 2025, the
Group MREL Ratio was 31.5% as percentage of RWA (and 8.9% as percentage of leverage exposure). As at the date of this Prospectus Supplement, the MREL requirements are 27.93% of RWA and 7.24% of leverage exposure (LR).

S-31

The Securities may be traded with accrued interest, but under certain circumstances described above, such interest may be cancelled and not paid on the relevant Interest Payment Date or redemption date.

The
Securities may trade, and/or the prices for the Securities may appear, on the Global Exchange Market of the Irish Stock Exchange trading as Euronext Dublin (the “GEM”) and in other trading systems with accrued interest. If this
occurs, purchasers of Securities in the secondary market will pay a price that includes such accrued interest upon purchase of the Securities. However, if a payment of interest on any Interest Payment Date or redemption date is cancelled or deemed
cancelled (in each case, in whole or in part) as described herein and thus is not due and payable, purchasers of such Securities will not be entitled to