Company: INGVF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001628280-25-036812
Chunk: 45

Company: ING GROEP NV
Filing Date: 2025-07-31
Form: 6-K
Chunk 45
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 state. The terminal value comprises the majority of the total VIU. Key assumptions used in the VIU calculation as at 30 June 2025 The VIU is determined using a valuation model which is subject to multiple management assumptions. The key assumptions, i.e. those to which the overall result is most sensitive to, are the following: • Expected future earnings of TTB: Short- to medium-term expectations are based on forecasts derived from broker consensus. Longer-term and steady-state expectations into perpetuity are derived using reasonable and supportable assumptions capturing a combination of TTB specific and market data points; A capital maintenance charge is applied, which is management’s forecast of the earnings that need to be withheld in order for TTB to meet target regulatory requirements over the forecast period; • Discount rate (cost of equity): 10.75%, based on the capital asset pricing model (CAPM) calculated for TTB using current market data and expert judgement; and • Terminal growth rate: 2.19% consistent with current long term government bond yield in Thailand as a proxy for a risk-free rate. The model was evaluated for reasonably possible changes to key assumptions in the model. This reflects the sensitivity of the VIU to each key assumption on its own and it is possible that more than one favourable and/or unfavourable change may occur at the same time. The selected rates of reasonably possible changes

to key assumptions are based on external analysts’ forecasts and other relevant external data sources, which can change period to period. The sensitivity of the VIU to each key assumption is as follows: • A favourable change of 10% in the cash flows would result in an increase in VIU of EUR 65million, while an unfavourable change of - 10% would result in a decrease in VIU of EUR - 66million; • A favourable change of - 1% in the discount rate would result in an increase in VIU of EUR 110million, while an unfavourable change of 1% would result in a decrease in VIU of EUR - 87million; • A favourable change of 1% in the terminal growth rate would result in an increase in VIU of EUR 75million, while an unfavourable change of - 1% would result in a decrease in VIU of EUR - 59million;

7 Customer deposits

| Customer deposits                     |     |         |              |     |         |                  |
| in EUR million                        |     |         | 30 June