Company: INGVF
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-196042
Chunk: 48

Company: ING GROEP NV
Filing Date: 2025-09-04
Form: 424B5
Chunk 48
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 ratios are calculated. If the Competent Authority’s rules, guidance or expectations in relation to
capital or leverage were to be amended in the future and depending on the content of binding regulatory technical standards developed by the EBA, it could be materially more difficult for the Group to maintain compliance with prudential
requirements. This may result in a need for further management actions to meet the changed requirements, such as: increasing capital, reducing leverage and risk weighted assets, modifying legal entity structure (including with regard to issuance and
deployment of capital and funding for the Group) and changing the Group’s business mix or exiting other businesses and/or undertaking other actions to strengthen the Issuer’s capital position.

CRD IV also introduced a new calculation of CET1 and risk weighted assets. Future regulatory changes to the calculation of CET1 and/or risk
weighted assets may negatively affect the Group CET1 Ratio and thus increase the risk of a Trigger Event, which will lead to Conversion, as a result of which you could lose all or part of the value of your investment in the Securities.

Under CRD IV, the Issuer is required to calculate the Group’s capital resources for regulatory purposes on the basis of “common
equity tier 1 capital” and calculate the Group’s risk weighted assets or Group Total Risk Exposure Amount, which represent the Group’s assets adjusted for their associated risk, on a different basis than the Issuer did prior to CRD
IV.

Any changes that may occur in the application of the CRD IV rules in The Netherlands subsequent to the date of this prospectus
supplement and/or any subsequent changes to such rules and other variables may individually and/or in the aggregate negatively affect the Group CET1 Ratio and thus increase the risk of a Trigger Event, which will lead to Conversion, as a result of
which you could lose all or part of the value of your investment in the Securities.

The Group may be impacted by the implementation of
further regulations which have been or are currently under consultation or are yet to be finalized. By way of example, these include the Banking Reform Package proposals announced by the European Commission in November 2016 and published in the
Official Journal on June 7, 2019, and the Basel III Finalization (also referred to as “Basel IV” by the industry) formally

S-41

announced by the BCBS in December 2017. On October 27, 2021, the European Commission published the legislative proposals to implement the Basel III Finalization in the