Company: INGVF
Filing Date: 2025-03-20
Form Type: 424B5
Source: 0001193125-25-058308
Chunk: 81

Company: ING GROEP NV
Filing Date: 2025-03-20
Form: 424B5
Chunk 81
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, including changes affecting currency                              
 exchange rates, any additional supply chain disruptions and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures; |

| · |     | the effects of the COVID-19 pandemic and related response measures, including lockdowns and travel restrictions, on                      
 economic conditions in countries in which we operate, on our business and operations and on our employees, customers and counterparties; |

| · |     | changes affecting interest rate levels; |

| · |     | any default of a major market participant and related market disruption; |

| · |     | changes in performance of financial markets, including in Europe and developing markets; |

| · |     | fiscal uncertainty in Europe and the United States; |

| · |     | potential consequences of a European sovereign debt crisis; |

| · |     | discontinuation of or changes in ‘benchmark’ indices; |

| · |     | inflation and deflation in our principal markets; |

| · |     | changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness; |

| · |     | failures of banks falling under the scope of state compensation schemes; |

| · |     | non-compliance with or changes in laws and regulations, including those concerning financial services, financial 
 economic crimes and tax laws, and the interpretation and application thereof;                                    |

| · |     | geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of 
 Russia into Ukraine and related international response measures;                                                                                              |

| · |     | legal and regulatory risks in certain countries with less developed legal and regulatory frameworks; |

| · |     | prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions, (also among members 
 of the group);                                                                                                                                                |

| · |     | regulatory consequences of the United Kingdom’s withdrawal from the European Union, including authorizations and equivalence decisions; |

| · |     | our ability to meet minimum capital and other prudential regulatory requirements; |

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| · |     | changes in standards and interpretations under International Financial Reporting Standards (IFRS) and the application thereof; |

| · |     | changes in regulation of U.S. commodities and derivatives businesses of ING and its customers; |

| · |     | application of bank recovery and resolution regimes, including write-down and conversion powers in relation to our securities; |

| · |