Company: INGVF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001628280-25-036812
Chunk: 18

Company: ING GROEP NV
Filing Date: 2025-07-31
Form: 6-K
Chunk 18
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 these incidental costs as well as regulatory costs, expenses rose 9.5% year-on-year. This reflects wage inflation and investments in in business growth, including initiatives to enhance the digital customer experience and the scalability of our systems.

The net addition to loan loss provisions declined to EUR 227 million (24 basis points of average customer lending) from EUR 295 million in the prior-year period. Individual Stage 3 risk costs fell sharply due to lower inflows, repayments and recoveries.

ING Group Condensed consolidated interim financial information on form 6-K for the six month period ended 30 June 2025 - Unaudited 13

| Contents |     | Interim Report |     | Risk management |     | Condensed consolidated interim financial statements |     | Notes to the Condensed consolidated interim financial statements |     | Additional notes to the Condensed consolidated interim financial statements |     | Other information |

Risk management As a global financial institution with a strong European base, offering banking services, ING is exposed to a variety of risks. We manage these through a comprehensive risk management framework that integrates risk management into strategic planning and daily business activities. This aims to safeguard ING’s financial strength and reputation by promoting the identification, measurement and management of risks at all levels of the organisation. Taking measured risks aligned with its risk appetite is core to ING’s business. The risk management function supports the EB in formulating the risk appetite, strategies, policies and limits. It provides adequate steering, oversight, challenge and controls throughout ING on risk-related items.

| Basis of disclosures (*)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 This risk management section contains an update of information relating to the nature and the extent of the risks arising from financial instruments as disclosed in the 2024 ING Group consolidated financial statements as included in the 2024 Annual Report. These disclosures are an integral part of ING Group condensed consolidated interim financial statements and are indicated by the symbol (*). Chapters, paragraphs, graphs or tables within this risk management section that are indicated with this symbol in the respective headings or table header are considered to be an integral part of the condensed consolidated interim financial statements. 
 This risk management section also includes additional disclosures beyond those required by IFRS standards, such as certain legal and regulatory disclosures. Not all information in this section can be reconciled back to the primary financial statements and corresponding notes, as it has been prepared using risk data that differs to the accounting basis of measurement.                                                                                                                                                                                                                                                                                         |

Business environment Geopolitical risk Geopolitical risks