Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 9

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 9
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| · |     | 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 (as defined below);                                                                                               |

| · |     | 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; |

| · |     | risks and challenges related to cybercrime including the effects of cyber-attacks and changes in legislation and regulation related to cybersecurity and data               
 privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing; |

| · |     | changes in general competitive factors, including ability to increase or maintain market share; |

| · |     | inability to protect our intellectual property and infringement claims by third parties; |

| · |     | inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties; |

| · |     | changes in credit ratings; |

| · |     | business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change, diversity, equity and inclusion and                                                  
 other and ESG-related matters, including data gathering and reporting and also including managing the conflicting laws and requirements of governments, regulators and authorities with respect to these topics; |

| · |     | inability to attract and retain key personnel; |

| · |     | future liabilities under defined benefit retirement plans; |

| · |     | failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines; and |

| · |     | changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our 
 operations.                                                                                                                                                    |

Any forward-looking statements made herein or in the documents incorporated by reference herein speak only as of the date they are made and it should not be assumed that they have been revised or updated in the light of new information or future events. Except as required by the U.S