Company: INGVF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001628280-25-036812
Chunk: 13

Company: ING GROEP NV
Filing Date: 2025-07-31
Form: 6-K
Chunk 13
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 in the prior year) due to lower margins on liabilities. However, fee income increased significantly, while expenses remained well-contained.

Customer balances were up year-on-year. Customer deposits continued to rise, following successful campaigns in the second half of 2024, with a net core deposits growth (excluding Treasury) of EUR 0.7 billion in the first half of 2025. Net core lending growth (also excluding Treasury) was EUR 1.7 billion, of which EUR 0.4 billion was in mortgages and EUR 1.3 billion in other lending.

Commercial NII declined 12% to EUR 831 million, primarily due to reduced liability margins. Other NII dropped by EUR 49 million due to Treasury, but this was fully offset by an increase in other income for Treasury.

ING Group Condensed consolidated interim financial information on form 6-K for the six month period ended 30 June 2025 - Unaudited 10

| 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 |

Net fee and commission income rose 11% to EUR 339 million, reflecting higher fees from daily banking as well as from investment and insurance products.

Operating expenses amounted to EUR 995 million, including EUR 226 million of regulatory costs and EUR 8 million of restructuring costs. In the first half of 2024, EUR 175 million of regulatory costs and EUR 39 million of restructuring costs had been recorded. Expenses excluding regulatory costs and these restructuring costs declined slightly, as the impact of automatic salary indexation was offset by FTE reductions.

The net addition to the provision for loan losses amounted to EUR 76 million, an annualised 15 basis points of average customer lending, compared with EUR 65 million in the first six months of 2024. Risk costs in 2025 included an increase in collective provisions for business lending clients.

#### Retail Germany
Retail Germany recorded a result before tax of EUR 667 million in the first half of 2025 compared with EUR 805 million in the same period of 2024. The decline was due to normalising liability margins.

We continued to achieve strong commercial growth in Germany, with a double-digit increase year-on-year in both the number of primary customers and total customer balances. In the first half of 2025, customer deposits (excluding Treasury