UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXC ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCH ACT OF 1934 Commissio ...

ING Groep NV (NYSE:ING) Q4 2023 Earnings Conference Call February 1, 2024 3:00 AM ET Company Participants Steven van Rijswijk - CEO Tanate Phutrakul - CFO Conference Call Participants Giulia Miotto - Morgan Stanley Tarik El Mejjad - Bank of America Merrill Lynch Raul Sinha - JPMorgan Chase & Co. Samuel Moran-Smyth - Barclays Bank Kirishanthan Vijayarajah - HSBC Michael Harrison - Redburn Benoit Petrarque - Kepler Cheuvreux Johan Ekblom - UBS Hugh Moorhead - Berenberg Marta Sánchez Romero - Citigroup Operato ...

Our cost-to-income ratio decreased to 51.6%, in line with the '25 target. Our costs are well under control, despite the ongoing pressure from elevated inflation levels, and we also continue to invest in our business, which will support commercial growth and brings operational efficiency in the longer term. On our CET1 ratio, we intend to move to our targeted CET1 ratio of around 12.5% by '25. And as mentioned before, the next steps will reflect the strong capital generation and capital discipline, and we wi ...

Exhibit 99.1 Amsterdam. 2 Novem ING posts 3Q2023 net result of €1,982 million, driven by strong income in both Retail and Wholesale Banking Profit before tax increases significantly year-on-year to €2,866 million; CET1 ratio rises to 15.2% · Strong performance in both Retail and Wholesale Banking and 4-auarter rolling RoE improves to 13.8% CEO statement "ING recorded another strong set of results in the third quarter of 2023, with net result more than doubling on the prior year", said Steven van Rijswijk, C ...

Second quarter 2023 results do your thing | --- | |--------------------------| | | | mobile-only customers 1) | | 60% | | versus 57% in 1Q2023 | 23% year-on-year 1) Retail customers who used the mobile channel at least once in the last quarter 2) Volume mobilised for WB clients; includes loan products, capital markets, derivatives and advisory propositions that support clients by financing their sustainable activities and in the transition to a more sustainable business model. In case of an ESG lead role th ...

Financial Data and Key Metrics Changes - The company reported a total income growth of 23% year-on-year, primarily driven by higher interest income on liabilities [24][32] - The four-quarter rolling average return on equity increased to 11.7%, with a CET1 ratio of 14.9% [24][50] - The net interest margin for the quarter decreased by 3 basis points to 156 basis points, driven by an increase in the total balance sheet [42] Business Line Data and Key Metrics Changes - In Wholesale Banking, total income reached €47 billion in the first half of 2023, a growth of 17% compared to the same period in 2022 [23] - Retail mortgages continued to grow, particularly in Australia, the Netherlands, and Germany, despite a significant drop in mortgage transactions in those markets [43] - Fee income from Wholesale Banking increased due to higher deal flow, while Retail Banking saw stable fee income despite lower investment product fees [45] Market Data and Key Metrics Changes - The company experienced a significant inflow of deposits in Germany, amounting to €16 billion, with two-thirds coming from existing customers [44][113] - The overall loan demand is expected to remain subdued due to heightened macroeconomic uncertainty [43] Company Strategy and Development Direction - The company aims to enhance customer experience and has increased the straight-through processing of retail customer journeys to 69%, targeting over 75% by 2025 [26][27] - Sustainability is a key strategic pillar, with initiatives to support clients in transitioning to sustainable business models [28] - The company plans to maintain a strong capital position while aiming for a CET1 ratio target of 12.5% by 2025 [36][98] Management's Comments on Operating Environment and Future Outlook - Management remains vigilant regarding the economic environment, particularly concerning inflation and interest rates, while expressing confidence in the quality of the loan book [38][73] - The company expects continued tailwinds from higher interest rates, with a focus on prudent lending practices [32][116] Other Important Information - The Dutch Central Bank reduced the systematic risk buffer requirement for the company from 2.5% to 2%, leading to a decrease in the fully loaded SREP requirement [37] - The company will pay an interim cash dividend of €0.35 per share on August 14, 2023, bringing total year-to-date distributions to around €4.5 billion [24][58] Q&A Session Summary Question: On net interest income sustainability - Management indicated that the reallocation of Treasury positions to other income can be volatile, and while NII is expected to remain strong, it may decline slightly in Q3 [61][63] Question: Cost of risk guidance for the second half of the year - Management refrained from providing specific guidance but noted that the quality of the portfolio has proven resilient [64][66] Question: Timing of NII peak given expected ECB rate changes - Management acknowledged the uncertainty but emphasized the importance of customer deposits and competitive dynamics in various markets [70][72] Question: Deposit campaign in Germany - The campaign aimed to increase customer numbers, with a goal of reaching 10 million customers by the end of 2025 [113][114] Question: Growth of the replication portfolio - The growth in the replication portfolio is driven by customer activities and market conditions, with expectations for continued growth as deposit demand remains strong [121][135]

Exhibit 99.1 NG Corporate Communicatio nsterdam. 3 August 2023 ING posts 2Q2023 net result of €2,155 million with strong income growth and low risk costs Profit before tax increases significantly to €3,035 million in 2Q2023; CET1 ratio rises to 14.9% CEO statement "The second quarter of 2023 was characterised by ongoing challenges, as economic sentiment weakened, geopolitical uncertainties persisted and inflation remained elevated - albeit less pronounced than in previous guarters," said Steven van Riiswilk ...

Company Participants Operator Before handing this conference call over to Steven van Rijswijk, Chief Executive Officer of ING Group, let me first say, that today's comments may include forward-looking statements such as statements regarding future developments and our business, expectations for our future financial performance, and any statements not including as historical fact. Furthermore, nothing in today's comments constitutes an offer to sell or solicitation of any offer to buy any securities. Good mo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...

EXHIBIT 99.1 ING to nominate Alexandra Reich as member of the Supervisory Board, releases proxy materials for 2023 AGM The agenda also includes the proposal to the AGM to reappoint KPMG Accountants N.V. as external auditor of ING Group for a period of two years, to audit the financial statements for each of the financial years 2024 and 2025. KPMG was appointed as ING's auditor at the 2015 AGM and was reappointed for a period of four years in 2020. After the audit of the 2025 financial statements, KPMG will ...