Company: INGVF
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0001193125-25-146837
Chunk: 3

Company: ING GROEP NV
Filing Date: 2025-06-25
Form: 11-K
Chunk 3
---
OB.

We conducted our audit in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not
required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of
expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audit included performing procedures to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis,
evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by the Plan’s management, as well as evaluating the overall
presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ Hancock Askew &
Co., LLP

We have served as the Plan’s auditor since 2018.

Peachtree Corners, Georgia

June 12, 2024

ING FINANCIAL SERVICES LLC 401(k) SAVINGS PLAN Statements of Net Assets Available for Benefits As of December 31, 2024 and 2023

| Assets:                             |     | 2024 |             |     | 2023 |             |
|:------------------------------------|:----|:-----|------------:|:----|:-----|------------:|
| Investments, at fair value (note 3) |     | $    | 453,077,912 |     | $    | 401,139,918 |
| Notes receivable from participants  |     |      |   1,548,815 |     |      |   1,455,630 |
| Net assets available for benefits   |     | $    | 454,626,727 |     | $    | 402,595,548 |

The accompanying notes are an integral part of the financial statements. -4-

ING FINANCIAL SERVICES LLC 401(k) SAVINGS PLAN Statement of Changes in Net Assets Available for Benefits Year Ended December 31, 2024

| Additions:                                             
 Investment income:                                     |     |   |             |