ING Bank

31/12/15 31/12/14
Row in transitional own Row in transitional own
funds template funds template
IFRS Balance sheet Note (Table Annex VI) IFRS Balance sheet Note (Table Annex VI)
Assets (EURm)
Amounts due from banks 29,966 3 12, 41, 56 37,122 3 12, 41, 56
Financial assets at fair value through profit and loss 137,935 4 7 144,023 4 7
Investments - available for sale 87,000 5 19, 41, 56 95,401 5 19, 41, 56
Loans and advances to customers 536,543 6 12, 41, 56 518,119 6 12, 41, 56
Investments in associates and joint ventures 842 7 19, 41, 56 861 7 19, 41, 56
Intangible assets 1,567 10 8, 41 1,655 10 8, 41
Assets held for sale 0 11 19, 41, 56 729 11 19, 41, 56
Other Assets 13,287 12 14,051 12

– of which: Deferred tax assets that rely on future profitability

10 10
excluding those arising from temporary differences

– of which: Pension assets net of tax 15 15

Liabilities (EURm)
Minority Interest 638 13 622 13
– of which: Qualifying own funds included in consolidated T2
48 48
capital
Subordinated loans 15,920 14 16,599 14
– of which: AT1 Capital instruments and the related share premium
30 30
accounts
– of which: Amount of qualifying items referred to in Article
484(4) and the related share premium accounts subject to phase out 33 33
from AT1
– of which: T2 Capital instruments and the related share premium
46 46
accounts
– of which: Amounts of qualifying items referred to in Article
484 (5) and the related share premium accounts subject to phase 47 47
out from T2
Financial liabilities at fair value through profit and loss 105,787 18 116,999 18
– of which: cumulative gains and losses due to changes in own
14 14
credit risk on fair valued liabilities
Other Liabilities 15,222 19 16,075 19
– of which: deductible deferred tax liabilities associated with
deferred tax assets that rely on future profitability and not arise 10 10
from temporary differences

Equity (EURm)
Shareholders equity 40,857 13 38,064 13
– of which: share capital 1 1
– of which: share premium reserve 1 1
– of which: accumulated other comprehensive income 3 3
– of which: regulatory adjustments to unrealised gains pursuant to
26a 26a
Article 468
– of which: Amount to be deducted from or added to Common
Equity Tier 1 capital with regard to additional filters and 26b 26b
deductions required pre CRR
– of which: Fair value reserves related to gains or losses on cash
11 11
flow hedges
– of which: profit/loss for the year 5a 5a
– of which: Retained earnings 2 2
– of which: Direct holdings by an institution of own CET1
16 16
instruments

Minority Interest 638 13 622 13

– of which: minority interest amount allowed in consolidated
5, 48 5, 48
CET1

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ING Bank Capital instruments main features – Common Equity Tier 1, at 31 December 2015
T2 T2 T2 T2 T2 T2 T2 T2 T2

1 Issuer ING Bank N.V. ING Bank N.V. ING Bank N.V. ING Bank N.V. ING Bank N.V. ING Bank N.V. ING Bank N.V. ING Bank N.V. ING Bank N.V.

Unique identifier (eg CUSIP, ISIN or Bloomberg identifier for

2 CZ0000000039 XS0309973104 XS0366066149 XS0366066222 US449786AY82 USN45780CT38 XS0995102695 XS0995102778 XS1037382535
private placement)
3 Governing law(s) of the instrument Laws of the Czech Republic Laws of the Netherlands Laws of the Netherlands Laws of England Laws of the Netherlands Laws of the Netherlands Laws of the Netherlands Laws of the Netherlands Laws of the Netherlands

Regulatory treatment

4 Transitional CRR rules Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2 Tier 2

5 Post-transitional CRR rules Tier 2 Ineligible Ineligible Ineligible Tier 2 Tier 2 Tier 2 Tier 2 Tier 2

6 Eligible at solo / (sub-)consolidated / solo&(sub-)consolidated Solo and (Sub-)Consolidated Solo and (Sub-)Consolidated Solo and (Sub-)Consolidated Solo and (Sub-)Consolidated Solo and (Sub-)Consolidated Solo and (Sub-)Consolidated Solo and (Sub-)Consolidated Solo and (Sub-)Consolidated Solo and (Sub-)Consolidated

7 Instrument type (types to be specified by each jurisdiction) Tier 2 Tier 2 (grandfathered) Tier 2 (grandfathered) Tier 2 (grandfathered) Tier 2 Tier 2 Tier 2 Tier 2 Tier 2

Amount recognised in regulatory capital (Currency in million, as

of most recent reporting date).
Specify in particular if some parts of the instruments are in
8 CZK 2,000.0 EUR 150.0 EUR 995.1 GBP 800.0 USD 1,632.3 USD 367.7 EUR 1,057.5 USD 2,058.3 EUR 1,500.0
different tiers of the regulatory capital and if the amount
recognised in regulatory capital is different from the amount
issued.

9 Nominal amount of instrument CZK 2,000,000,000 EUR 150,000,000 EUR 1,000,000,000 GBP 800,000,000 USD 1,632,320,000 USD 367,680,000 EUR 1,057,499,000 USD 2,058,294,000 EUR 1,500,000,000

9a Issue price 100 100 100 100 100 100 100 100 100

9b Redemption price 100 100 100 100 100 100 100 100 100

10 Accounting classification Liability – amortised cost Liability – amortised cost Liability – amortised cost Liability – amortised cost Liability – amortised cost Liability – amortised cost Liability – amortised cost Liability – amortised cost Liability – amortised cost

11 Original date of issuance 17 Dec 1999 12 Jul 2007 29 May 2008 29 May 2008 25 Sep 2013 25 Sep 2013 21 Nov 2013 21 Nov 2013 25 Feb 2014

12 Perpetual or dated Dated Dated Dated Dated Dated Dated Dated Dated Dated

13 Original maturity date 17 Dec 2019 12 Jul 2027 29 May 2023 29 May 2023 25 Sep 2023 25 Sep 2023 21 Nov 2023 21 Nov 2023 25 Feb 2026

14 Issuer call subject to prior supervisory approval Yes Yes Yes Yes N/A N/A N/A N/A N/A

15 Optional call date, contingent call dates and redemption amount 17 Dec 2009 12 Jul 2017 29 May 2018 29 May 2018 N/A N/A 21 Nov 2018 21 Nov 2018 25 Feb 2021

On every interest payment date On every interest payment date On every interest payment date
16 Subsequent call dates, if applicable N/A
thereafter thereafter thereafter
none none none none none
Coupons / dividends

17 Fixed or floating dividend/coupon Fixed Floating Fixed to floating Fixed to floating Fixed Fixed Fixed Fixed Fixed

0.44575% (updated quartely) 10

year CMS + margin of 0.04 per
6.125%; (as from 29/5/2018: 3 6.875%; (as from 29/5/2018: 3 4.125% (reset after the first call 3.625% (reset after the first call
18 Coupon rate and any related index 4.5000% cent. per annum. From July 2022 3
month EURIBOR+255bp) month EURIBOR+255bp)
5.8000% 5.8000% 3.50% (reset after the first call date)
date) date)
month Euribor + margin of 125 bps
per annum

19 Existence of a dividend stopper No No No No No No No No No

Fully discretionary, partially discretionary or mandatory (in

20a Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory
terms of timing)
Fully discretionary, partially discretionary or mandatory (in
20b Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory Mandatory
terms of amount)
21 Existence of step up or other incentive to redeem No Yes Yes Yes No No No No No

22 Noncumulative or cumulative Noncumulative Noncumulative Noncumulative Noncumulative Noncumulative Noncumulative Noncumulative Noncumulative Noncumulative

23 Convertible or non-convertible Nonconvertible Nonconvertible Nonconvertible Nonconvertible Nonconvertible Nonconvertible Nonconvertible Nonconvertible Nonconvertible

24 If convertible, conversion trigger(s) N/A N/A N/A N/A N/A N/A N/A N/A N/A

25 If convertible, fully or partially N/A N/A N/A N/A N/A N/A N/A N/A N/A

26 If convertible, conversion rate N/A N/A N/A N/A N/A N/A N/A N/A N/A

27 If convertible, mandatory or optional conversion N/A N/A N/A N/A N/A N/A N/A N/A N/A

28 If convertible, specify instrument type convertible into N/A N/A N/A N/A N/A N/A N/A N/A N/A

29 If convertible, specify issuer of instrument it converts into N/A N/A N/A N/A N/A N/A N/A N/A N/A

30 Write-down features No No No No No No No No No

31 If write-down, write-down trigger(s) N/A N/A N/A N/A N/A N/A N/A N/A N/A

32 If write-down, fully or partially N/A N/A N/A N/A N/A N/A N/A N/A N/A

33 If write-down, permanent or temporary N/A N/A N/A N/A N/A N/A N/A N/A N/A

34 If temporary write-down, description of write-up mechanism N/A N/A N/A N/A N/A N/A N/A N/A N/A

Position in subordination hierarchy in liquidation (specify

35 Senior Senior Senior Senior Senior Senior Senior Senior Senior
instrument type immediately senior to instrument)

36 Non-compliant transitioned features No Yes Yes Yes No No No No No

37 If yes, specify non-compliant features step up step up step up

ING Bank
31/12/15 31/12/14

Amount subject to Amount subject to

pre-regulation (EU) pre-regulation (EU)
No 575/2013 No 575/2013
Regulation (EU) no 575/2013 article Amount at treatment or Amount at treatment or
reference disclosure date prescribed residual disclosure date prescribed residual
amount of amount of
regulation (EU) No regulation (EU) No
575/2013 575/2013

Common Equity Tier 1 capital: instruments and reserves

26 (1), 27, 28, 29,

1 Capital instruments and the related share premium accounts 17,067 17,067
EBA list 26 (3)

of which: Ordinary Shares EBA list 26 (3) 17,067 17,067

2 Retained Earnings 26 (1) c 15,614 12,857

Accumulated other comprehensive income (and other reserves, to include unrealised gains and losses
3 26 (1) (d) +(e) 5,717 5,479
under the applicable accounting standards
3a Funds for general baning risk 26 (1) (f)
Amount of qualifying items referred to Article 484 (3) and the related share premium accounts subject to
4 486 |(2)
phase out from CET1
Public sector capital injections grandfathered until 1 Januari 2018 483 (2)

5 Minority interest (amount allowed in consolidated CET1) 84, 479, 480 305 265

5a Independently received interim profits net of any forseeable charge of dividend 26 (2) 2,459 2,661

6 Common Equity Tier 1 (CET1) capital before regulatory adjustments 41,162 38,329

Common Equity Tier 1 capital: regulatory adjustments

7 Additional value adjustments (negative amount) 34, 105 -44 -35

8 Intangible assets (net of related tax liability) (negative amount) 36 (1) (b), 37, 472 (4) -627 -940 -331 -1,324

9 Empty set in EU

Deffered tax assets that rely on future profitability excluding thise arising from temporary differences
10 36 (1) c, 38, 472 (5) -113 -169 -54 -217
(net of related tax liability where the conditions in Article 38 (3) are met) (negative amount)

11 Fair value reserves related to gains or losses on cash flow hedges 33 (a) -675 -875

36 (1) (d), 40, 159, -454 -681 -263 -1,051

12 Negative amounts resulting from the calculation of expected loss amounts
472 (6)

13 Any increase in equity that results from securitised assets (negative amount) 32 (1)

14 Gains or losses on liabilities valued at fair value resulting from changes in own credit standing 33 (b) 68 -32 202 -37

15 Defined-benefit pension fund assets (negative amount) 36 (1) (e), 41, 472 (7) -257 -386 -118 -471

16 Direct and indirect holdings by an institution of own CET1 instruments (negative amount) 36 (1) (f), 42, 472 (8) -18 -46

Holdings of the CET1 instruments of financial sector entities where those entities have reciprocal cross
17 holdings with the institution designed to inflate artificially the own funds of the institution (negative 36 (1) (g), 44, 472 (9)
amount)

Direct and indirect holdings by the institution of the CET1 instruments of financial sector entities where 36 (1) (h), 43, 45, 46 ,
18 the institution does not have a significant investment in those entities (amount above the 10% threshold
and net of eligible short positions) (negative amount) 49 (2) (3), 79, 472 (10)

36 (1) (i), 43, 45, 47,

Direct, indirect and synthetic holdings by the institution of the CET1 instruments of financial sector
19 entities where the institution has a significant investment in those entities (amount above 10% threshold 48 (1) (b), 49 (1) to -17 -68
and net of eligible short positions) (negative amount)
(3), 79, 470, 472 (11)

20 Empty Set in the EU

Exposure amount of the following items which qualify for a RW of 1250%, where the institution opts
20a 36 (1) (k)
for the deduction alternative
20b of which: qualifying holdings outside the financial sector (negative amount) 36 (1) (k) (i), 89 to 91

36 (1) (k) (ii)

243 (1) (b)

20c of which: securitisation positions (negative amount)
244 (1) (b)

258

20d of which: free deliveries (negative amount) 36 (1) (k) (iii), 379 (3)

Deferred tax assets arising from temporary differences (amount above 10% threshold, net of related tax 36 (1) (c), 38, 48 (1)
21
liability where the conditions in 38 (3) are met) (negative amount) (a), 470, 472 (5)

22 Amount exceeding the 15% threshold (negative amount) 48 (1)

of which: direct and indirect holdings by the institution of the CET1 instruments of financial sector 36 (1) (i), 48 (1) (b),
23
entities where the institution has a significant investment in those entities 470, 472 (11)

24 Empty Set in the EU

36 (1) (c), 38, 48 (1)

25 of which: deferred tax assets arising from temporary differences
(a), 470, 472 (5)

25a Losses for the current financial year (negative amount) 36 (1) (a), 472 (3)

25b Foreseeable tax charges relating to CET1 items (negative amount) 36 (1) (I)
Regulatory adjustments applied to Common Equity Tier 1 in respect of amounts subject to pre-CRR
26 -2,289 -3,536
treatment

26a Regulatory adjustments relating to unrealised gains and losses pursuant to Articles 467 and 468 -2,533 -3,906

Of which: prudential filter for unrealised gains on Investment Property valued at fair value 468 -196 -291

Of which: prudential filter for unrealised gains on Available for Sale Equity Securities 468 -1,580 -2,018

Of which: prudential filter for unrealised gains on Available for Sale Debt Securities 468 -758 -1,597

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ING Bank
31/12/15 31/12/14

Amount subject to Amount subject to

pre-regulation (EU) pre-regulation (EU)
No 575/2013 No 575/2013
Regulation (EU) no 575/2013 article Amount at treatment or Amount at treatment or
reference disclosure date prescribed residual disclosure date prescribed residual
amount of amount of
regulation (EU) No regulation (EU) No
575/2013 575/2013

Amount to be deducted from or added to Common Equity Tier 1 capital with regard to additional filters
26b 481 244 370
and deductions required pre CRR
Of which: prudential filter regarding the introduction of amendments to IAS 19 481 244 370

27 Qualifying AT1 deductions that exceed the AT1 capital of the institution (negative amount) 36 (1) U) -

28 Total regulatory adjustments to Common equity Tier 1 (CET1) -4,409 -5,073

29 Common Equity Tier 1 (CET1) capital 36,754 33,256

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ING Bank
31/12/15 31/12/14

Amount subject to Amount subject to

pre-regulation (EU) pre-regulation (EU)
No 575/2013 No 575/2013
Regulation (EU) no 575/2013 article Amount at treatment or Amount at treatment or
reference disclosure date prescribed residual disclosure date prescribed residual
amount of amount of
regulation (EU) No regulation (EU) No
575/2013 575/2013

Additional Tier 1 (AT1) capital: Instruments

30 Capital instruments and the related share premium accounts 51, 52 3,531 1,988

31 of which: classified as equity under applicable accounting standards

32 of which: classified as liabilities under applicable accounting standards

Amount of qualifying items referred to in Article 484 (4) and the related share premium accounts subject
33 486 (3) 3,718 3,739
to phase out from AT1
Public sector capital injections grandfathered until 1 January 2018 483 (3)
Qualifying Tier 1 capital included in consolidated AT1 capital (including minority interests not included
34 85, 86, 480
in row 5) issued by subsidiaries and held by third parties
35 of which: instruments issued by subsidiaries subject to phase out 486 (3)

36 Additional Tier 1 (AT1) capital before regulatory adjustments 7,248 5,727

Additional Tier 1 (AT1) capital: regulatory adjustments

52 (1) (b), 56 (a), 57,

37 Direct and indirect holdings by an institution of own AT1 Instruments (negative amount)
475 (2)
Holdings of the AT1 instruments of financial sector entities where those entities have reciprocal cross
38 holdings with the institution designed to inflate artificially the own funds of the institution (negative 56 (b), 58, 475 (3)
amount)
Direct and indirect holdings of the AT1 instruments of financial sector entities where the institution does 56 (c), 59, 60, 79, 475
39 not have a significant investment in those entities (amount above the 10% threshold and net of eligible
short posilions) (negative amount) (4)
Direct and indirect holdings by the institution of the AT1 instruments of financial sector entities where
40 the insti- tution has a significant investment in those entities (amount above the 10% threshold net of 56 (d), 59, 79, 475 (4)
eligible short positions) (negative amount)
Regulatory adjustments applied to additional tier 1 in respect of amounts subject to pre-CRR treatment
41 and transitional treatments subject to phase out as prescribed in Regulation (EU) No 575/2013 (i.e. CRR -1,281 -1,883
residual amounts)
472, 472(3)(a), 472
Residual amounts deducted from Additional Tier 1 capital with regard to deduction from Common (4), 472 (6), 472 (8)
41a Equity Tier 1 capital during the transitional period pursuant to article 472 of Regulation (EU) No -1,281 -1,883
575/2013 (a), 472 (9), 472 (10)

(a), 472 (11) (a)

Of which items to be detailed line by line, e.g. Material net interim losses, intangibles, shortfall of
provisions to expected losses etc

Residual amounts deducted from Additional Tier 1 capital with regard to deduction from Tier 2 capital 477, 477 (3), 477 (4)
41b
during the transitional period pursuant to article 475 of Regulation (EU) No 575/2013 (a)

Of which items to be detailed line by line, e.g. Reciprocal cross holdings in Tier 2 instruments, direct
holdings of non-significant investments in the capital of other financial sector entities, etc

Amount to be deducted from or added to Additional Tier 1 capital with regard to additional filters and
41c 467, 468, 481
deductions required pre- CRR
Of which: ... possible filter for unrealised losses 467

Of which: ... possible filter for unrealised gains 468

Of which: ... 481

42 Qualifying T2 deductions that exceed the T2 capital of the institution (negative amount) 56 (e)

43 Total regulatory adjustments to Additional Tier 1 (AT1) capital -1,281 -1,883

44 Additional Tier 1 (AT1) capital 5,968 3,844

45 Tier 1 capital (T1 = CET1 + AT1) 42,721 37,100

Tier 2 (T2) capital: Instruments and provisions

46 Capital instruments and the related share premium accounts 62, 63 6,229 5,778

Amount of qualifying items referred to in Article 484 (5) and the related share premium accounts subject
47 486 (4) 2,341 3,593
to phase out from T2
Public sector capital injections grandfathered until 1 January 2018 483 (4)

Qualifying own funds instruments included in consolidated T2 capital (including minority interests and
48 87, 88, 480 102 103
AT1 instruments not included in rows 5 or 34) issued by subsidiaries and held by third parties

49 of which: instruments issued by subsidiaries subject to phase out 486 (4)

50 Credit risk adjustments 62 (c) & (d)

51 Tier 2 (T2) capital before regulatory adjustments 8,672 9,474

Tier 2 (T2) capital: regulatory adjustments

Direct and indirect holdings by an institution of own T2 instruments and subordinated loans (negative 63 (b) (i), 66 (a), 67,
52
amount) 477 (2)
Holdings of the T2 instruments and subordinated loans of financial sector entities where those entities
53 have reciprocal cross holdings with the institution designed to inflate artificially the own funds of the 66 (b), 68, 477 (3)
institution (negative amount)

Direct and indirect holdings of the T2 instruments and subordinated loans of financial sector entities 66 (c), 69, 70, 79, 477
54 where the institution does not have a significant investment in those entities (amount above 10%
threshold and net of eligible short positions) (negative amount) (4)

54a Of which new holdings not subject to transitional arrangements

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ING Bank
31/12/15 31/12/14

Amount subject to Amount subject to

pre-regulation (EU) pre-regulation (EU)
No 575/2013 No 575/2013
Regulation (EU) no 575/2013 article Amount at treatment or Amount at treatment or
reference disclosure date prescribed residual disclosure date prescribed residual
amount of amount of
regulation (EU) No regulation (EU) No
575/2013 575/2013

54b Of which holdings existing before 1 January 2013 and subject to transitional arrangements

Direct and indirect holdings by the institution of the T2 instruments and subordinated loans of financial
55 sector entities where the institution has a significant investment in those entities (net of eligible short 66 (d), 69, 79, 477 (4)
positions) (negative amount)
Regulatory adjustments applied to tier 2 in respect of amounts subject to pre-CRR treatment and
56 transitional treatments subject to phase out as prescribed in Regu- lation (EU) No 575/2013 (i.e. CRR -340 -559
residual amounts)
472 , 472(3)(a), 472

Residual amounts deducted from Tier 2capital with regard to deduction from Common Equity Tier 1 (4), 472 (6), 472 (8)
56a -340 -559
capital during the transitional period pursuant to article 472 of Regulation (EU) No 575/2013 (a), 472 (9), 472 (10)

(a), 472 (11) (a)

Of which items to be detailed line by line, e.g. Material net interim losses, intangibles, shortfall of
provisions to expected losses etc

Residual amounts deducted from Tier 2 capital with regard to deduction from Additional Tier 1 capital 475, 475 (2) (a), 475
56b
during the transitional period pursuant to article 475 of Regulation (EU) No 575/2013 (3), 475 (4) (a)

Of which items to be detailed line by line, e.g. reciprocal cross holdings in at1 instruments, direct
holdings of non significant investments in the capital of other financial sector entities , etc

Amount to be deducted from or added to Tier 2 capital with regard to additional filters and deductions
56c 467, 468, 481
required pre CRR
Of which: ... possible filter for unrealised losses 467

Of which: ... possible filter for unrealised gains 468

Of which: ... 481

57 Total regulatory adjustments to Tier 2 (T2) capital -340 -559

58 Tier 2 (T2) capital 8,331 8,915

59 Total capital (TC = T1 + T2) 51,053 46,015

Risk weighted assets in respect of amounts subject to pre-CRR treatment and transitional treatments
59a
subject to phase out as prescribed in Regulation (EU) No 575/ 2013(i.e. CRR residual amounts)

60 Total risk weighted assets 318,202 296,319

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ING Bank
31/12/15 31/12/14

Amount subject to Amount subject to

pre-regulation (EU) pre-regulation (EU)
No 575/2013 No 575/2013
Regulation (EU) no 575/2013 article Amount at treatment or Amount at treatment or
reference disclosure date prescribed residual disclosure date prescribed residual
amount of amount of
regulation (EU) No regulation (EU) No
575/2013 575/2013

Capital ratios and buffers

61 Common Equity Tier 1 (as a percentage of risk exposure amount) 92 (2) (a), 465 11.55% 11.20%

62 Tier 1 (as a percentage of risk exposure amount) 92 (2) (b), 465 13.43% 12.50%

63 Total capital (as a percentage of risk exposure amount) 92 (2) (c) 16.04% 15.50%

Institution specific buffer requirement (CET1 requirement in accordance with article 92 (1) (a) plus
capital conser- vation and countercyclical buffer requirements , plus systemic risk buffer, plus the
64 CRD 128, 129, 130
systemically important institution buffer (G-Sll or 0-Sll buffer), expressed as a percentage of risk
exposure amount)

65 of which: capital conservation buffer requirement

66 of which: countercyclical buffer requirement

67 of which: systemic risk buffer requirement

of which: Global Systemically Important Institution (G-Sll) or Other Systemically Important
67a CRD 131
Institution (0-Sll) buffer

68 Common Equity Tier 1 available to meet buffers (as a percentage of risk exposure amount) CRD 128 7.05% 6.70%

69 [non relevant in EU regulation]

70 [non relevant in EU regulation]

71 [non relevant in EU regulation]

Capital ratios and buffers

36 (1) (h), 45, 46, 472 (10)

Direct and indirect holdings of the capital of financial sector entities where the institution does not have
72 a significant investment in those entities (amount below 10% threshold and net of eligible short 56 (c), 59, 60, 475 (4) 1,467 227
positions)
66 (c), 69, 70, 477 (4)

Direct and indirect holdings by the institution of the CET 1 instruments of financial sector entities 36 (1) (i), 45 , 48, 470,
73 where the institution has a significant investment in those entities (amount below 10% threshold and net 3,293 3,327
of eligible short positions) 472 (11)

74 Empty Set in the EU

Deferred tax assets arising from temporary differences (amount below 10% threshold, net of related tax 36 (1) (c), 38, 48, 470,
75 376 651
liability where the conditions in Article 38 (3) are met) 472 (5)

Applicable caps on the lnclusion of provisions in Tier 2

Credit risk adjustments included in T2 in respect of exposures subject to standardized approach (prior to
76 62
the application of the cap)
77 Cap on inclusion of credit risk adjustments in T2 under standardised approach 62 284 244

Credit risk adjustments included in T2 in respect of exposures subject to internal ratings-based approach
78 62
(prior to the application of the cap)

79 Cap for inclusion of credit risk adjustments in T2 under internal ratings-based approach 62 1,422 1,342

Capital Instruments subject to phase-out arrangements (only applicable between 1 Jan 2013 and 1 Jan 2022)

80 Current cap on CET1 instruments subject to phase out arrangements 484 (3), 486 (2) & (5)

81 Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities) 484 (3), 486 (2) & (5)

82 Current cap on AT1 instruments subject to phase out arrangements 484 (4), 486 (3) & (5) 4,742 5,419

83 Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) 484 (4), 486 (3) & (5)

84 Current cap on T2 instruments subject to phase out arrangements 484 (5), 486 (4) & (5) 5,206 5,949

85 Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) 484 (5), 486 (4) & (5)

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DISCLAIMER

Certain of the statements contained in this Annual Report are not historical facts, including, without limitation, certain statements
made of future expectations and other forward-looking statements that are based on management's current views and assumptions and
involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such
statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING Bank's
core markets, (2) changes in performance of financial markets, including developing markets, (3) consequences of a potential
(partial) break-up of the euro, (4) the implementation of ING's restructuring plan to separate banking and insurance operations, (5)
changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, as well as conditions in the
credit markets generally, including changes in borrower and counterparty creditworthiness, (6) the frequency and severity of insured
loss events, (7) changes affecting mortality and morbidity levels and trends, (8) changes affecting persistency levels, (9) changes
affecting interest rate levels, (10) changes affecting currency exchange rates, (11) changes in investor, customer and policyholder
behaviour, (12) changes in general competitive factors, (13) changes in laws and regulations, (14) changes in the policies of
governments and/or regulatory authorities, (15) conclusions with regard to purchase accounting assumptions and methodologies, (16)
changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards,
(17) changes in credit ratings, (18) ING's ability to achieve projected operational synergies and (19) the other risks and uncertainties
detailed in the risk factors section contained in the most recent annual report of ING Groep N.V.

Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and, ING assumes no
obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other
reason. See 'Risk factors' and 'Risk management' sections of this Annual Report.