Company: INGVF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001628280-25-036812
Chunk: 16

Company: ING GROEP NV
Filing Date: 2025-07-31
Form: 6-K
Chunk 16
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                            |     |   962 |        |     | 1,194 |        |     | -19 | %        |
| Adjustment of the IFRS-EU 'IAS 39 carve out'  |     |   786 |        |     | 1,099 |        |     | -28 | %        |
| Net result IFRS-IASB                          |     | 1,748 |        |     | 2,293 |        |     | -24 | %        |
| Key financial metrics                         |     |       |        |     |       |        |     |     |          |
| Net core lending growth (in EUR  billion)1    |     |   2.3 |        |     |  -0.5 |        |     |     |          |
| Net core deposits growth (in EUR  billion)1   |     |   2.9 |        |     |  10.0 |        |     |     |          |
| Risk costs in bps of average customer lending |     |    24 |        |     |    31 |        |     |     |          |

1 For a definition and reconciliation of net core lending growth and net core deposits growth, see the appendix ' Alternative performance measures '.

Without application of the EU 'IAS 39 carve-out’, ING’s net result of Wholesale Banking amounted to EUR 1,748 million in the first half of 2025, compared to EUR 2,293 million in the same period of 2024. The adjustment of the EU ‘IAS 39 carve-out’, included in the net result was EUR 786 million, compared with EUR 1,099 million in the first half of 2024, due to fair value changes on derivatives related to asset-liability-management activities for the mortgages and savings portfolios in the Benelux, Germany, France, Spain, Italy and Romania. These fair value changes were mainly a result of changes in market interest rates. No hedge accounting is applied to these derivatives under IFRS-IASB. The IFRS-EU net result (when applying the EU ‘IAS 39 carve-out’) decreased to EUR 962 million from EUR 1,194 million in the first six months of 2024. Wholesale Banking reported a result before tax of EUR 1,324 million in the first half of 2025 compared with EUR 1,623 million in the same period of the previous year