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

Company: ING GROEP NV
Filing Date: 2025-07-31
Form: 6-K
Chunk 31
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 December 2024: € 50million in total) is reported in Wholesale Banking (€ 18million) and in Business Banking (€ 14million) because the prevailing risks from increased levels of interest rates and inflation still exist for this sector in these portfolios. This management adjustment is reflected in Stage 1 and Stage 2. I n the Retail Banking segment, specific portfolio-based adjustments have been recognized. As of 30 June 2025, the economic sector / portfolio based adjustment in Stage 2 of € 20million (31 December 2024: € 38

ING Group Condensed consolidated interim financial information on form 6-K for the six month period ended 30 June 2025 - Unaudited 20

| 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 |

million) relates to the Business Banking portfolio in Germany (€ 9million), to cover for the increased uncertainty in the German economy, and to the Mortgage portfolio in Australia (€ 11million), to cover for emerging risks in that portfolio. The overall Mortgage portfolio adjustment of € 112million as of 30 June 2025 remained at the same level compared to 31 December 2024 (€ 112million) and fully relates to the management adjustment in Stage 2 for the risk segmentation model that captures affordability, repayment and refinancing risk on performing mortgage customers with a bullet loan in the Netherlands. As of 30 June 2025, the adjustment of € 44million (31 December 2024: € 29million) accounts for the impact of climate transition risk in both Wholesale Banking (€ 25million) and Business Banking (€ 19million). Climate transition risk is expected to lead to a structural change in credit risk, which means specific business activities will become structurally riskier due to environmental policies, technological progress or changes in market sentiment and preferences. The current IFRS 9 models do not directly capture this novel risk. The management adjustment to ECL models for business clients was made to specifically cover for the medium- to long-term transition risk on high greenhouse gas-emitting sectors and is reported in Stage 2. Other management adjustments mainly relate to the impact of model redevelopment or recalibration and periodic model assessment procedures that have not been incorporated in the ECL models yet. The impact on