Company: INGVF
Filing Date: 2025-03-18
Form Type: 424B5
Source: 0001193125-25-056511
Chunk: 73

Company: ING GROEP NV
Filing Date: 2025-03-18
Form: 424B5
Chunk 73
---
 or advertisements in connection with the notes may be distributed or published in or from any country or jurisdiction, except under circumstances that will result in compliance with any applicable rules and
regulations of any such country or jurisdiction.

S-56

VALIDITY OF NOTES

Sullivan & Cromwell LLP, United States counsel to the Issuer, will pass upon the validity of the notes under New York law. Linklaters
LLP, Amsterdam, The Netherlands, Dutch counsel to the Issuer, will pass on the validity of the notes under Dutch law. Davis Polk & Wardwell London LLP, United States counsel for the underwriters, will pass upon certain matters of New York
law for the underwriters.

S-57

EXPERTS

The consolidated financial statements of ING Groep N.V. as of December 31, 2024 and 2023 and for each of the years in the three-year
period ended December 31, 2024 appearing in the 2024 Form 20-F, and management’s assessment of the effectiveness of the internal control over financial reporting as of December 31, 2024 have
been incorporated by reference herein and in the registration statement in reliance upon the reports of KPMG Accountants N.V., independent registered public accounting firm, incorporated by reference herein, and upon the authority of said firm as
experts in accounting and auditing.

S-58

Filed Pursuant to Rule 424(b)(2)
Registration No. 333-266516

PROSPECTUS

ING GROEP N.V.

(Amsterdam, The Netherlands)

$20,000,000,000

Debt Securities

Capital Securities

Ordinary Shares

American Depositary Shares

ING Groep N.V. from time to time may offer to sell debt
securities, capital securities, ordinary shares and American depositary shares, or “ADSs,” representing our ordinary shares. ADSs, representing our ordinary shares, are listed on the New York Stock Exchange under the symbol
“ING.”

When we offer securities, we will provide you with a prospectus supplement describing the terms of the specific issues
of securities including their offering price and the specific manner in which they may be offered. You should read this prospectus and the accompanying supplement carefully before you invest. We may offer and sell the securities directly to
purchasers, through underwriters, dealers or agents, including ING Financial Markets LLC or another of our affiliates, or through any combination of these methods, on a