Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 26

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 26
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 of the notes, the Issuer will act in its sole discretion, any such determinations by the
Issuer (or its designee) may lead to a conflict of interests of the Issuer and the holders of the notes including with respect to certain determinations and judgments that the Issuer (or its designee) may make that may influence the amount
receivable under the notes. As a result, investors in the notes may receive less interest than expected.

S-22

CAPITALIZATION AND INDEBTEDNESS The following table shows the actual capitalization and indebtedness of the Group as of December 31, 2024 and the capitalization and indebtedness of the Group as of December 31, 2024 as adjusted for the issuance of the notes. The information in the following table is derived from the audited consolidated financial statements of the Group as of December 31, 2024, which are incorporated by reference into this prospectus supplement. This table should be read together with such audited consolidated financial statements and the notes thereto in the 2024 Form 20-F.The accounting principles used to prepare this information comply with IFRS as issued by the International Accounting Standards Board.

|                                                                          |     | As of December 31, 2024 |         |   |     | As Adjusted    |         |   |
|:-------------------------------------------------------------------------|:----|:------------------------|--------:|:--|:----|:---------------|--------:|:--|
|                                                                          |     | -in € millions          |         |   |     | -in € millions |         |   |
| Capitalization                                                           |     |                         |         |   |     |                |         |   |
| Share capital(1)                                                         |     |                         |      31 |   |     |                |      31 |   |
| Share premium                                                            |     |                         |  17,116 |   |     |                |  17,116 |   |
| Other reserves                                                           |     |                         |    (687 | ) |     |                |    (687 | ) |
| Retained earnings                                                        |     |                         |  36,243 |   |     |                |  36,243 |   |
| Shareholders’ equity                                                     
 (parent)(2)                                                              |     |                         |  52,703 |   |     |                |  52,703 |   |
| Non-controlling interests                                                |     |