Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 171

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 6
Chunk 171
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 Board remuneration policy agreed with shareholders. These factors include the salary increases of other employees within ING, the increase of general price indices, and market competitiveness. In terms of market competitiveness, the total compensation for each EB member is behind the market median when compared to the equivalent total compensation levels for comparable roles in our Dutch and European peer group. Therefore, the SB considers it appropriate to increase the base salary of the CEO by 4.0% and 6.0% for the CFO and CRO, in line with the current Executive Board remuneration policy. After these base salary increases, the total compensation for each EB member remains behind the market median across our peer group.
2025 annual variable remuneration performance measures 
Performance measures with appropriately stretching targets were selected to cover a range of financial, non-financial and risk objectives that support the key strategic priorities of ING. For the 2025 annual variable remuneration, the performance measures and weightings are shown on the next page. 

ING Group Annual Report 2024 on Form 20-F 

Contents       Part I         Part II        Part III       Additional information        Financial statements    
For 2025, the following target areas and percentage weightings will be taken into account for the EB members:

6. 2025 Target areas                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     CEO               CFO               CRO
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Weighting         Weighting         Weighting
Financial                                                                                       Profit before tax                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      16.7%             16.7%              8.3%
Return on equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     16.7%             16.7%              8.3%
Operational expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 16.7%             16.7%              8.3%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       50%               50%               25%
Non-financial                                                                                   Customer                                                                                                                                                                                                                                                               ▪Increase number of mobile primary customers as this leads to deeper relationships, greater customer satisfaction, and ultimately customers choosing ING for more of their financial needs▪Increase customer satisfaction of Retail and Wholesale by increasing NPS              7.5%                5%                NA
Risk &amp; Regulatory                                                                           ▪Manage financial risk within risk appetite, with a specific focus on the revision of the use of internal models▪Manage non-financial risk within risk appetite, with a specific focus on the IT risk management▪Maintain operational effectiveness of KYC