Company: INGVF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001628280-25-036812
Chunk: 17

Company: ING GROEP NV
Filing Date: 2025-07-31
Form: 6-K
Chunk 17
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. Total income declined 3.6%, as strong performances in Financial Markets and our cash pooling business were more than offset by margin compression in Payments & Cash Management and softer results in Lending. Earnings were impacted by higher investment costs for future business growth and EUR 90 million of restructuring provisions. Disciplined capital management contributed to a 5.0% reduction in risk-weighted assets and a return on equity of 10.5%. Net core lending growth amounted to EUR 2.3 billion, driven by higher volumes in Working Capital Solutions and short-term trade-related financing. These increases were partly offset by subdued demand for long-term corporate loans during the first half of 2025 due to economic uncertainty, as well as our ongoing efforts to optimise capital usage. Net customer deposits growth was EUR 2.9 billion, mainly reflecting successful initiatives in Money Markets and higher short-term client balances in our cash pooling business. Total income for Lending declined 6.1% to EUR 1,565 million due to subdued demand, a low level of primary syndications, as well as secondary loan sales. Our continued focus on capital management helped reduce risk-weighted assets in Lending by over 10%. Income from Daily Banking & Trade Finance declined slightly year-on-year. Volume growth across all products, an 11% increase in fee income and strong commercial momentum in our cash pooling business largely offset lower interest margins in Payments & Cash Management.

ING Group Condensed consolidated interim financial information on form 6-K for the six month period ended 30 June 2025 - Unaudited 12

| 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 |

Financial Markets income rose 6.5% to EUR 787 million. We achieved strong results in Forex, Interest Rate Derivatives, and Non-Linear products, benefiting from strong clients flows and favourable market conditions.

Income from Treasury & Other declined year-on-year due to a EUR 70 million one-off income recorded in the first half of 2024 and lower Treasury results. This was partly offset by higher income from Corporate Investments.

The first half of 2025 included EUR 90 million of restructuring costs, of which EUR 85 million was attributable to workforce redundancies. These organisational changes are aimed at making our teams fit for the future. Excluding