Company: INGVF
Filing Date: 2025-04-24
Form Type: F-3ASR
Source: 0001193125-25-093692
Chunk: 9

Company: ING GROEP NV
Filing Date: 2025-04-24
Form: F-3ASR
Chunk 9
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| • |     | changes affecting interest rate levels; |

| • |     | any default of a major market participant and related market disruption; |

| • |     | changes in performance of financial markets, including in Europe and developing markets; |

| • |     | fiscal uncertainty in Europe and the United States; |

| • |     | discontinuation of or changes in ‘benchmark’ indices; |

| • |     | inflation and deflation in our principal markets; |

| • |     | changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty 
 creditworthiness;                                                                                                 |

| • |     | failures of banks falling under the scope of state compensation schemes; |

| • |     | non-compliance with or changes in laws and regulations, including those                                                
 concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof; |

| • |     | geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities,  
 including in connection with the invasion of Russia into Ukraine and the related international response measures; |

| • |     | legal and regulatory risks in certain countries with less developed legal and regulatory frameworks; |

| • |     | prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on 
 dividends and distributions, (also among members of the group);                                              |

| • |     | ING’s ability to meet minimum capital and other prudential regulatory requirements; |

| • |     | changes in regulation of US commodities and derivatives businesses of ING and its customers; |

| • |     | application of bank recovery and resolution regimes, including write-down and conversion powers in relation to 
 our securities;                                                                                                |

| • |     | outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, 
 including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues;   |

| • |     | changes in tax laws and regulations and risks of non-compliance or 
 investigation in connection with tax laws, including FATCA;        |

| • |     | operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human                                                                                                                                           
 error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data 
 sets utilized in artificial intelligence;                                                                                                                                                                                                              |

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