Company: INGVF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001628280-25-036812
Chunk: 7

Company: ING GROEP NV
Filing Date: 2025-07-31
Form: 6-K
Chunk 7
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 the carve-out is re-instated as this is the measure at which management monitors the business. The IFRS-EU ‘IAS 39 carve-out’ adjustment relates to fair value portfolio hedge accounting strategies for the mortgage and savings portfolios in the Benelux, Germany and Other Challengers that are not eligible under IFRS-IASB. As no hedge accounting is applied to these mortgage and savings portfolios under IFRS-IASB, the fair value changes of the derivatives are not offset by fair value changes of the hedge items (mortgages and savings). Consolidated results of operations In the first half of 2025, ING’s IFRS-IASB net result decreased to EUR 3,915 million, or -12%, compared with EUR 4,456 million in the same period of 2024. In the first six months of 2025, the result included a positive adjustment of the EU ‘IAS 39 carve-out’ of EUR 786 million, compared with EUR 1,099 million in the first half of 2024 due to reversing the impact of applying the EU ‘IAS 39 carve-out’. The positive adjustment is mainly driven by positive fair value changes on derivatives related to asset-liability-management activities for the mortgage and deposits portfolios due to an increase in long-term interest rates during 2025. As no fair value hedge accounting is applied to these mortgage and deposits portfolios under IFRS-IASB, the net positive fair value changes of the derivatives are not offset by net negative fair value changes on the hedged items (mortgages and deposits).

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

| 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 |

ING’s IFRS-EU net result in the first half of 2025 was EUR 3,130 million compared with EUR 3,358 million in the same period of 2024. The result before tax declined 7.6% to EUR 4,493 million from EUR 4,861 million in the first half of 2024. In the first half of 2025, we achieved sustained commercial growth, driven by strong deposit inflows and increased mortgage volumes. Total income remained