ING Group 2024 SREP process completed

Core Viewpoint - The European Central Bank (ECB) has notified ING Group regarding its decision on the 2024 Supervisory Review and Evaluation Process (SREP), which includes prudential requirements and capital requirements for 2025 [1]. Capital Requirements - ING Group's fully loaded Common Equity Tier 1 (CET1) requirement remains unchanged at 10.87%, which includes a countercyclical capital buffer of 94 basis points as of the third quarter of 2024 [2]. - The Pillar 2 additional own funds requirement (P2R) is set at 165 basis points and will be applicable starting January 1, 2025 [2]. Current Financial Position - As of September 30, 2024, ING's CET1 ratio stands at 14.3%, significantly above the regulatory requirements [3].