Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 169

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 6
Chunk 169
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 CRO, it represents 18 percent out of the maximum 20 percent cap (see table 1. '2024 variable remuneration outcomes').
Certain components of variable remuneration are not recognised in the statement of profit or loss directly, but are allocated over the vesting period of the award. As recognised in the profit or loss statement of 2024, the expenses for each EB member, relating to their role on the EB, amount to €2.6 million for the CEO, €1.8 million for the CFO and €2.0 million for the CRO. These amounts include deferred elements from previous years, paid out in 2024.
The following paragraphs (i.e. total direct compensation, pension costs and benefits) show the remuneration awarded to individual Executive Board members with respect to the performance years 2024 and 2023. All EB remuneration is paid directly by ING.

    The IRRF consists of the most important regulatory requirements with respect to remuneration, to which all remuneration policies of majority-owned entities have to adhere. Furthermore, it consists of our general remuneration principles that apply to all staff globally working under the responsibility of ING.
    ING indemnifies the members of the EB against direct financial losses in connection with claims from third parties filed, or threatened to be filed, against them by virtue of their service as a member of the EB, as far as permitted by law, on the conditions laid down in the Articles of Association and their commission contract. ING has taken out liability insurance for the members of the EB.
ING Group Annual Report 2024 on Form 20-F 100

Contents       Part I         Part II        Part III       Additional information        Financial statements    

2. 2024 remuneration outcomes                                                                                                                                                                                                                                                                           
                                                                             1. Fixed remuneration                              2. Variable remuneration   3. Extraordinary items             4. Pension benefits         5. Total remuneration         6. Proportion of fixed and variable remuneration
Amounts in euros                                   Base salary           Fees       Other benefits         One-year variable1   Multi-year variable     
(rounded figures)                                                                                                                                       
Steven van Rijswijk (CEO)             2024     1,847,300               —            507,200                  311,800            —                          —                                      27,900                    2,694,200                                                      88.4% / 11.6%