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ING Groep N.V
(NYSE:ING) 

ING stock logo

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various...

Founded: 1991
Full Time Employees: 56,492
Sector: Financial Services
Industry: Banks-Diversified
Financial Services
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• Market Cap:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2012-06-25 
     
      revenues:
    		 
      net investment income
    		4,968,800,000 
      fee income
    		3,743,200,000 
      premiums
    		1,770,000,000 
      net realized gains
    		 
      total other-than-temporary impairment losses
    		-550,600,000 
      portion of other-than-temporary impairment losses recognized in other comprehensive income
    		47,900,000 
      net other-than-temporary impairments recognized in earnings
    		-502,700,000 
      other net realized capital gains
    		-1,028,700,000 
      total net realized capital gains
    		-1,531,400,000 
      other revenue
    		456,500,000 
      income related to consolidated investment entities:
    		 
      changes in fair value related to collateralized loan obligations
    		-48,800,000 
      total revenues
    		9,886,700,000 
      yoy
    		 
      qoq
    		 
      benefits and expenses:
    		 
      policyholder benefits
    		3,454,400,000 
      interest credited to contract owner account balances
    		2,455,500,000 
      operating expenses
    		3,030,800,000 
      net amortization of deferred policy acquisition costs and value of business acquired
    		387,000,000 
      interest expense
    		139,300,000 
      operating expenses related to consolidated investment entities:
    		 
      other income
    		73,500,000 
      total benefits and expenses
    		9,608,900,000 
      income before income taxes
    		277,800,000 
      income tax benefit
    		175,000,000 
      net income
    		102,800,000 
      yoy
    		 
      qoq
    		 
      net income margin %
    		1.04% 
      less: net income attributable to non-controlling interest
    		190,900,000 
      net income available to
    		 
      ing u.s., inc.’s common shareholder
    		-88,100,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-06-30 2024-12-31 2024-06-30 2023-06-30 2019-06-30 2017-12-31 2017-06-30 2016-12-31 2016-08-04 2015-12-31 2014-12-31 2014-05-07 2013-12-31 2012-11-07 2012-08-08 2012-08-07 2012-06-25 2011-12-31 2011-11-04 2011-08-04 2011-06-30 2011-05-05 2010-12-31 2010-11-10 2010-08-11 2010-06-30 2010-05-12 2010-02-16 2009-12-31 2009-06-30 2009-05-13 2008-12-31 2008-11-12 2008-08-13 2008-06-30 2008-05-14 2007-12-31 2007-11-07 2007-08-09 2007-08-08 2007-06-30 2006-12-31 2006-11-09 2006-08-10 2006-06-30 2006-05-11 2006-02-15 2005-12-31 2005-11-30 2005-11-10 2005-06-30 2005-02-16 2004-12-31 2003-12-31 2002-12-31 
                                                             
        assets
      		                                                       
        cash and balances with central banks
      		75,565  97,073 113,636 52,171  17,894  26,121   21,253  28,367 16,181 16,181,000,000   25,077 12,091 12,091,000,000 16,301  13,342 13,365 13,365,000,000 17,957 13,072  20,794,000,000 19,696,000,000  20,747 13,162  14,456  13,397 12,718 12,718 12,406 14,326,000,000 12,782 15,582 14,326 10,882 14,326 13,084,000,000 11,414,000,000 11,995 14,073,000,000 13,084    
        loans and advances to banks
      		50,080  27,443 32,905 34,584  27,987                                                 
        financial assets at fair value through profit or loss 2,4
      		152,486  149,579                                                     
        financial assets at fair value through other comprehensive income 3,4
      		49,846  46,343                                                     
        securities at amortised cost 4
      		53,805  49,537 48,212 45,970                                                   
        loans and advances to customers 5
      		693,285  662,687 646,193 607,081             596,877,000,000                   552,964,000,000                   
        investments in associates and joint ventures 6
      		1,536  1,459 1,485                                                    
        property and equipment
      		2,418  2,435 2,425 2,825  1,938  1,972   2,368  2,689 2,746 2,746,000,000   2,874 2,920 2,920,000,000 6,159  6,115 6,160 6,160,000,000 6,099 6,132  6,368,000,000 6,386,000,000  6,361 6,318  6,117  6,120 6,225 6,225 6,237 11,001,000,000 6,172 5,821 6,031 5,823 6,031 5,757,000,000 6,837,000,000 5,847 7,022,000,000 5,757 1,252,000,000 3,223,000,000 3,579,000,000 
        intangible assets
      		1,409  1,245 1,120 1,917       1,816  2,707 2,929    3,728 3,975  5,104  5,203 6,295  6,186 5,372  6,594,000,000          3,505   3,613 3,668   3,522 3,661,000,000        
        current tax assets
      		489 485 402 283 392 324 350 314                                                
        deferred tax assets
      		771  1,020 1,238 950  1,291                                                 
        other assets
      		9,285  8,388 10,593 11,363       19,973  28,523 30,069 30,069,000,000 1,476,300,000  30,394 31,426 31,426,000,000 34,319  36,731 40,238 40,237,000,000  36,469  41,866,000,000 45,400,000,000  76,696 68,969  65,694  62,679 61,843 37,222 66,374  31,501 30,531 56,065 52,357 31,063 30,160,000,000  53,904 61,237,000,000 54,010 12,672,000,000 17,162,000,000 17,965,000,000 
        total assets
      		1,090,974 1,023,856 1,047,610 1,037,465 909,945 843,878 859,646 842,216 885,659 837,855 987,706,000,000 948,448 1,076,602,000,000 1,248,096 1,237,248 1,231,121,000,000 203,572,800,000 1,273,580,000,000 1,282,296 1,240,731 1,237,315,000,000 1,229,235 1,242,844,000,000 1,260,698 1,272,595 1,267,385,000,000 1,236,218 1,247,110 1,159,972,000,000 1,184,337,000,000 1,271,836,000,000 1,331,663,000,000 1,375,814 1,369,946 1,328,648,000,000 1,303,203 1,312,510,000,000 1,306,013 1,319,432 1,319,432 1,312,510 1,228,433,000,000 1,220,735 1,220,903 1,226,307 1,200,676 1,226,307 1,158,639,000,000 1,108,651,000,000 1,134,482 1,365,037,000,000 1,158,639 866,201,000,000 818,777,000,000 762,514,000,000 
        cash and balances with central banks 2
      		 70,353    21,989  18,144  21,458 12,233,000,000  13,316,000,000                                           
        loans and advances to banks 3
      		 21,770    28,811  28,858                                                
        financial assets at fair value through profit or loss 4,6
      		                                                       
        – trading assets
      		 72,897    116,748  114,504  131,467 136,959,000,000  114,247,000,000     123,688,000,000                                      
        – non-trading derivatives
      		 2,463    2,231  2,490  3,347 4,384,000,000  8,546,000,000     17,159,000,000                                      
        – designated as at fair value through profit or loss
      		 5,740    4,242  5,099                                                
        – mandatorily at fair value through profit or loss
      		 56,481                                                      
        financial assets at fair value through other comprehensive income 5,6
      		 46,389                                                      
        securities at amortised cost 6
      		 50,273                                                      
        loans and advances to customers 7
      		 683,611                                                      
        investments in associates and joint ventures 8
      		 1,679                                                      
        property and equipment 9
      		 2,434        2,027 2,100,000,000  2,446,000,000                                           
        intangible assets 10
      		 1,334        1,567 1,655,000,000  1,841,000,000                                           
        deferred tax assets 33
      		 1,001                                                      
        other assets 11
      		 6,945                                   40,099,000,000                   
        financial assets at fair value through profit or loss 2
      		   141,983 118,928  143,143  154,628                                               
        financial assets at fair value through other comprehensive income 3
      		   37,391 31,294                                                   
        in eur million
      		                                                       
        investments in associates and joint ventures
      		    1,317  1,066  956   2,813                                            
        assets and liabilities held for sale 6
      		    1,154                                                   
        liabilities
      		                                                       
        deposits from banks
      		    38,095  39,248                                                 
        customer deposits
      		    571,001  533,196                                                 
        financial liabilities at fair value through profit or loss 7
      		    99,448  103,202                                                 
        current tax liabilities
      		    487 750 571 546                                                
        deferred tax liabilities
      		    121  360                                                 
        provisions
      		    853  1,873                                                 
        other liabilities
      		    16,084       21,272  31,408 32,290 30,731,000,000 1,563,600,000  34,165 33,396 32,533,000,000 34,886  39,300 40,990 39,669,000,000  37,527  40,916,000,000 46,143,000,000  45,739 41,597  41,528  44,238 41,980 41,980 43,859 57,401,000,000 38,715 37,942 38,278 38,779 38,278 39,007,000,000 41,441,000,000 41,945 51,425,000,000 39,007 78,029,000,000 41,604,000,000 43,996,000,000 
        debt securities in issue 8
      		    118,929                                                   
        subordinated loans 9
      		    14,205  16,340  6,713                                               
        total liabilities
      		    859,222 794,734 811,356 794,353 835,954 792,245 933,025,000,000 901,760 1,026,749,000,000 1,191,199 1,182,807 1,181,248,000,000 189,646,700,000 1,227,351,000,000 1,234,020 1,196,610 1,195,747,000,000 1,183,426 1,198,745,000,000 1,212,226 1,224,961 1,223,640,000,000 1,191,986 1,199,826 1,122,936,000,000 1,153,657,000,000 1,241,329,000,000 1,302,735,000,000 1,350,180 1,339,981 1,301,974,000,000 1,269,619 1,272,979,000,000 1,264,978 1,279,157 1,279,157 1,272,979 1,183,853,000,000 1,182,155 1,185,880 1,185,092 1,162,534 1,185,092 1,120,214,000,000 1,063,034,000,000 1,097,052 1,319,447,000,000 1,120,214 836,840,000,000 786,550,000,000 732,900,000,000 
        equity 10
      		                                                       
        share capital and share premium
      		    17,116 17,045 17,043 16,989                                                
        other reserves
      		    4,218 4,362 4,963 5,897                                22,741   17,951 17,785   20,408         
        retained earnings
      		    28,528 27,022 25,610 24,371                                                
        shareholders’ equity
      		    49,862 48,429 47,616 47,257 49,086  46,634,000,000 45,380 42,440,000,000 52,877 50,514 45,946,000,000   44,528 40,288 37,736,000,000 40,067 38,370,000,000 42,476 41,623 37,734,000,000 38,235 41,555 31,121,000,000 19,605,000,000 19,370,000,000 17,334,000,000 23,723 28,060 15,080,000,000 31,584  38,859 38,166 38,166 37,208 40,647,000,000 36,729 33,214 38,266  38,266      25,866,000,000 28,007,000,000 25,060,000,000 
        non-controlling interests
      		    862 715 674 606 619                                               
        total equity
      		    50,723 49,144 48,290 47,863 49,705 45,610 54,681,000,000 46,688 49,853,000,000 56,897 54,441 49,873,000,000  46,229,000,000 48,276 44,120 41,568,000,000 45,809 44,099,000,000 48,472 47,634 43,745,000,000 44,232 47,284 37,036,000,000 30,680,000,000 30,507,000,000 28,928,000,000 25,634 29,965 26,674,000,000 33,584 39,531,000,000 41,035 40,276 40,276 39,531  38,580 35,023 41,215 38,142 41,215   37,430 45,590,000,000 38,425    
        total liabilities and equity
      		    909,945 843,878  842,216                                                
        ing group report on form 6-k for the period ended 30 june 2019 - unaudited
      		    8                                                   
        financial assets at fair value through profit or loss 4
      		                                                       
        investments 5
      		                                                       
        – available-for-sale
      		     69,730  82,912  87,000 95,402,000,000  137,897,000,000     208,539,000,000                                      
        – held-to-maturity
      		     9,343  8,751  7,826 2,239,000,000  3,098,000,000     8,868,000,000                                      
        loans and advances to customers 6
      		     571,909    533,429 512,433,000,000  526,965,000,000                                           
        investments in associates and joint ventures 7
      		     1,088  1,141  962 953,000,000                                             
        property and equipment 8
      		     1,801  2,002          2,886,000,000                   6,237,000,000                   
        intangible assets 9
      		     1,469  1,484          3,558,000,000                   5,740,000,000                   
        deferred tax assets 36
      		     1,106  1,641                                                
        other assets 10
      		     13,087  14,722                                                
        deposits from banks 11
      		     36,821                                                  
        customer deposits 12
      		     539,828                                                  
        financial liabilities at fair value through profit or loss 13
      		                                                       
        – trading liabilities
      		     73,596  83,167  88,807 97,091,000,000  73,491,000,000     107,682,000,000                                      
        deferred tax liabilities 36
      		     362  624                                                
        provisions 14
      		     1,713                                                  
        other liabilities 15
      		     16,064                                                  
        debt securities in issue 16
      		     96,086     126,352,000,000  127,727,000,000                                           
        subordinated loans 17
      		     15,968                                                  
        equity 18
      		                                                       
        investments 3
      		      83,441  96,335       205,318,000,000     207,807,000,000     237,113,000,000                              
        loans and advances to customers 4
      		      565,421         604,077,000,000     585,692,000,000     607,543,000,000                              
        intangible assets 5
      		      1,491  1,600       2,929,000,000     3,975,000,000     6,295,000,000                              
        other assets 6
      		      15,624                                                 
        other liabilities 8
      		      17,598                                                 
        debt securities in issue 9
      		      98,968  119,384                                               
        total equity and liabilities
      		      859,646  885,659 837,855 987,706,000,000 948,448 1,076,602,000,000 1,248,096 1,237,248 1,231,121,000,000  1,273,580,000,000 1,282,296 1,240,731 1,237,315,000,000 1,229,235 1,242,844,000,000 1,260,698 1,272,595 1,267,385,000,000 1,236,218 1,247,110 1,159,972,000,000 1,184,337,000,000 1,271,836,000,000 1,331,663,000,000 1,375,814 1,369,946 1,328,648,000,000 1,303,203 1,312,510,000,000 1,306,013 1,319,432 1,319,432 1,312,510 1,228,433,000,000 1,220,735 1,220,903 1,226,307 1,200,676 1,226,307 1,158,639,000,000  1,134,482 1,365,037,000,000 1,158,639    
        loans and advances to customers1 6
      		       560,154                                                
        assets held for sale 11
      		         2,153        62,483,000,000                                      
        deposits from banks 12
      		       31,964                                                
        customer deposits1 13
      		       522,908                                                
        financial liabilities at fair value through profit or loss 14
      		                                                       
        provisions 15
      		       2,028                                                
        other liabilities 16
      		       16,852                                                
        debt securities in issue 17
      		       103,234                                                
        subordinated loans 18
      		       17,223                                                
        liabilities held for sale
      		           18  106,473 61,559    62,767 58,991  399  1,224 253  227 424                            
        equity 19
      		                                                       
        amounts due from banks
      		        29,024   49,481  44,788 47,395 47,395,000,000   55,098 56,580 56,580,000,000 55,435  59,108 56,109 56,109,000,000 61,624 51,828  51,355,000,000 57,011,000,000  68,575 69,834  52,796  51,470 56,675 56,675 48,875 39,868,000,000 51,745 56,275 39,868 56,402 39,868 47,466,000,000 56,828,000,000 60,509 70,069,000,000 47,466    
        loans and advances to customers1 4
      		        554,969                                               
        real estate investments
      		        76   1,055  1,339 1,342 1,342,000,000   1,742 1,743 1,743,000,000 1,857  2,041 3,709 3,709,000,000 3,683 1,900  4,141,000,000 4,228,000,000                         
        assets held for sale 6
      		               63,876,000,000     61,188,000,000     313,000,000                              
        other assets 7
      		        19,978                                               
        equity 8
      		                                                       
        other borrowed funds 9
      		        10,099                                               
        amounts due to banks
      		        34,682   29,882  51,367 58,874 58,874,000,000   86,803 81,889 81,889,000,000 79,341  78,869 85,542 85,542,000,000 96,564 72,852  104,135,000,000 123,538,000,000  178,290 161,299  149,340  148,133 136,718 136,718 166,972 120,839,000,000 113,771 116,212 120,839 119,419 120,839 122,234,000,000  124,510 159,389,000,000 122,234    
        customer deposits and other funds on deposit1
      		        512,819                                               
        financial liabilities at fair value through profit or loss 10
      		        130,557                                               
        other liabilities 11
      		        21,700                                               
        amounts due from banks 3
      		         29,988 37,119,000,000  43,012,000,000                                           
        financial assets at fair value through profit and loss 4
      		                                                       
        – designated as at fair value through profit and loss
      		         3,234 2,756,000,000  2,790,000,000     5,437,000,000                                      
        real estate investments 8
      		         77 80,000,000  810,000,000                                           
        other assets 12
      		         13,320        31,016,000,000                                      
        equity 13
      		                                                       
        shareholders’ equity (parent) 1
      		         44,972                                              
        minority interests
      		         638 8,047,000,000 625 5,913,000,000 1,020 927 927,000,000  777,000,000 748 832 832,000,000 742 729,000,000 997 1,011 1,011,000,000 997 729 915,000,000 1,075,000,000 1,137,000,000 1,594,000,000 1,911 1,905 1,594,000,000 2,001 2,323,000,000 2,176 2,110 2,110 2,323 3,933,000,000 1,851 1,809 2,949  2,949      3,495,000,000 4,220,000,000 4,554,000,000 
        subordinated loans 14
      		         7,265        8,858,000,000                   7,325,000,000                   
        debt securities in issue 15
      		         121,289        139,861,000,000                   66,995,000,000                   
        other borrowed funds 16
      		         9,146        19,684,000,000                   27,058,000,000                   
        amounts due to banks 17
      		         33,813                                              
        customer deposits and other funds on deposit 18
      		         500,746                                              
        financial liabilities at fair value through profit and loss 19
      		                                                       
        liabilities held for sale 11
      		                 64,265,000,000                                      
        other liabilities1 20
      		         14,306                                              
        – investments for risk of policyholders
      		            39,589,000,000     116,438,000,000                                      
        reinsurance contracts 18
      		            252,000,000                                           
        deferred acquisition costs 11
      		            1,353,000,000                                           
        assets held for sale 12
      		          165,427,000,000  156,885,000,000                                           
        other assets 13
      		          13,966,000,000  21,549,000,000                                           
        equity 14
      		                                                       
        non-voting equity securities
      		           683 1,500,000,000 3,000 3,000 3,000,000,000   3,000 3,000 3,000,000,000 5,000  5,000 5,000  5,000 5,000  10,000,000,000 10,000,000,000                         
        subordinated loans 15
      		          6,861,000,000  6,889,000,000                                           
        other borrowed funds 17
      		          11,297,000,000  13,706,000,000                                           
        insurance and investment contracts 18
      		            111,551,000,000                                           
        amounts due to banks 19
      		          29,999,000,000  27,257,000,000                                           
        customer deposits and other funds on deposit 20
      		          483,871,000,000  474,320,000,000                                           
        financial liabilities at fair value through profit and loss 21
      		                                                       
        liabilities held for sale 12
      		          142,106,000,000  146,402,000,000                                           
        other liabilities 22
      		          15,857,000,000  20,396,000,000                                           
        financial assets at fair value through p&l
      		           166,374  251,432 244,584    270,177 255,190  249,310  277,592 274,374               354,101   304,780 292,787  282,232 317,470         
        investments
      		           146,414  199,335 205,318    214,894 207,807  229,503  232,720 237,113   234,240  207,517,000,000   271,868 271,699  276,124  296,854 304,611 304,611 292,650  315,889 320,476 311,581 328,455 311,581   315,801 385,637,000,000 322,712    
        loans and advances to customers
      		           532,141  572,873 610,204    597,083 589,108  611,138  605,580 612,753  590,316 613,204  585,855,000,000   631,474 592,642  568,606  529,912 516,860 516,860 552,964 474,472,000,000 468,460 470,077 474,437 449,910 474,437 439,181,000,000 435,548,000,000 455,025 537,303,000,000 439,181    
        reinsurance contracts
      		           275  5,461 5,679 5,679,000,000   5,807 5,447 5,447,000,000 5,544  5,759 6,394 6,394,000,000 5,937 5,789  5,656,000,000 5,729,000,000  5,966 5,684  5,582  6,119 6,399 6,399 5,874 6,529,000,000 7,029 7,026 6,529 7,672 6,529 8,285,000,000 7,833,000,000 7,339 9,573,000,000 8,285    
        deferred acquisition costs
      		           1,411  4,634 4,670 4,670,000,000   10,138 10,021 10,021,000,000 10,125  10,867 11,944 11,944,000,000 12,110 10,604  11,393,000,000 11,615,000,000         10,675   10,187 10,126   10,163 9,604,000,000        
        total assets excl. assets held for sale
      		           945,374  1,144,381 1,173,371                                         
        assets held for sale
      		           3,074  103,714 63,876    61,955 61,188  680  1,879 313  307 681                            
        equity
      		                                                       
        subordinated loans
      		           6,959  8,938 9,089 9,089,000,000   10,844 10,180 10,180,000,000 10,213  10,635 11,333 11,332,000,000 10,535 10,645  10,238,000,000 10,619,000,000  10,178 9,635  6,978  6,502 6,673 6,673 7,325  6,143 6,726 6,014 6,870 6,014 6,096,000,000  5,364 6,036,000,000 6,096    
        debt securities in issue
      		           131,662  159,961 157,926 157,926,000,000   139,790 151,593 151,593,000,000 140,145  130,955 124,020 124,020,000,000 129,628 135,604  122,891,000,000 114,131,000,000         85,983   74,755 86,001   78,133 81,262,000,000        
        other borrowed funds
      		           14,765  18,060 19,560 19,560,000,000   21,608 19,526 19,526,000,000 19,829  26,530 27,050 27,050,000,000 25,173 22,291  26,362,000,000 29,530,000,000         26,541   29,501 29,360   29,639 32,252,000,000        
        insurance and investment contracts
      		           113,836  233,747 234,252 234,252,000,000   267,063 259,599 259,599,000,000 263,154  264,859 271,592 271,592,000,000 258,825 270,582  238,015,000,000 236,386,000,000  259,752 253,587  254,105  271,746 277,764 277,764 265,712  267,773 258,515 268,683 265,679 268,683 263,487,000,000   305,322,000,000     
        customer deposits and other funds on deposits
      		           482,648  444,955 472,916    458,620 458,262  513,274  502,496 511,263  488,076 511,362            526,941    504,674            
        financial liabilities at fair value through p&l
      		           100,718  136,291 136,341    152,362 123,174  122,184  157,356 152,919  142,811             176,342   149,722 146,235  130,106 146,611   92,096  103,620    
        total liabilities excl. liabilities held for sale
      		           901,742  1,084,726 1,121,248                                         
        investments in associates 7
      		            2,006,000,000                                           
        investments in associates
      		             2,235 2,255 2,255,000,000   3,329 3,235 3,235,000,000 3,761  3,762 3,829 3,829,000,000 3,865 3,925  3,946,000,000 4,064,000,000            3,927 3,762   4,343 3,622,000,000        
        financial assets at fair value through profit and loss 2
      		               244,584,000,000     255,190,000,000     274,374,000,000                              
        customer deposits and other funds on deposit
      		               472,916,000,000     458,262,000,000     511,263,000,000    461,796,000,000 516,629,000,000  557,203 535,881  527,483  529,476 526,941  525,216  501,560  496,680 483,598 496,680 465,712,000,000  458,649 549,504,000,000 465,712    
        financial liabilities at fair value through profit and loss 7
      		               136,341,000,000     123,174,000,000     152,919,000,000                              
        liabilities held for sale 6
      		               61,559,000,000     58,991,000,000     253,000,000                              
        investments:
      		                          227,497                             
        fixed maturities, available-for-sale, at fair value
      		                67,405,600,000                                       
        fixed maturities, at fair value using the fair value option
      		                3,010,300,000                                       
        equity securities, available-for-sale, at fair value
      		                353,800,000                                       
        short-term investments
      		                3,572,700,000                                       
        mortgage loans on real estate, net of valuation allowance of 4.4 at 2011 and 7.0 at 2010
      		                8,691,100,000                                       
        loan – dutch state obligation
      		                1,792,700,000                                       
        policy loans
      		                2,263,900,000                                       
        limited partnerships/corporations
      		                599,600,000                                       
        derivatives
      		                2,660,900,000                                       
        other investments
      		                215,100,000                                       
        securities pledged
      		                2,253,500,000                                       
        total investments
      		                92,819,200,000                         311,909,000,000       315,762,000,000    398,014,000,000 270,031,000,000 236,599,000,000 
        cash and cash equivalents
      		                638,000,000                                       
        short-term investments under securities loan agreements, including collateral delivered
      		                1,075,900,000                                       
        accrued investment income
      		                881,700,000                                       
        reinsurance recoverable
      		                7,723,400,000                                       
        deferred policy acquisition costs, value of business acquired
      		                4,352,300,000                                       
        sales inducements to contract holders
      		                307,300,000                                       
        current income taxes
      		                26,000,000                                       
        goodwill and other intangible assets
      		                382,500,000                                     4,315,000,000 4,601,000,000 
        assets related to consolidated investment entities:
      		                                                       
        limited partnerships/corporations, at fair value
      		                2,860,300,000                                       
        corporate loans, at fair value using the fair value option
      		                2,162,900,000                                       
        assets held in separate accounts
      		                88,714,500,000                                       
        liabilities and shareholder’s equity
      		                                                       
        future policy benefits
      		                26,312,600,000                                       
        contract owner account balances
      		                62,045,800,000                                       
        payables under securities loan agreements, including collateral held
      		                1,781,800,000                                       
        short-term debt
      		                1,054,600,000                                       
        long-term debt
      		                1,343,100,000                                       
        funds held under reinsurance agreements
      		                1,307,600,000                                       
        pension and other post-employment provisions
      		                797,700,000                                       
        deferred income taxes
      		                513,000,000                                       
        liabilities related to consolidated investment entities:
      		                                                       
        collateralized loan obligations notes, at fair value using the fair value option
      		                2,057,100,000                                       
        liabilities related to separate accounts
      		                88,714,500,000                                       
        shareholder’s equity:
      		                                                       
        common stock
      		                                                       
        additional paid-in capital
      		                22,867,500,000                                       
        accumulated other comprehensive income
      		                2,595,000,000                                       
        appropriated-consolidated investment entities
      		                126,500,000                                       
        unappropriated
      		                -13,235,100,000                                       
        total ing u.s., inc. shareholder’s equity
      		                12,353,900,000                                       
        non-controlling interest
      		                1,572,200,000                                       
        total shareholder’s equity
      		                13,926,100,000                                       
        total liabilities and shareholder’s equity
      		                203,572,800,000                                       
        cash and balances with central banks 1
      		                 31,194,000,000                   12,406,000,000                   
        amounts due from banks 2
      		                 45,323,000,000                   48,875,000,000                   
        financial assets at fair value through profit and loss 3
      		                                                       
        investments 4
      		                                                       
        reinsurance contracts 17
      		                 5,870,000,000                   5,874,000,000                   
        investments in associates 6
      		                 2,370,000,000                   5,014,000,000                   
        real estate investments 7
      		                 1,670,000,000                   4,829,000,000                   
        deferred acquisition costs 10
      		                 10,204,000,000                   10,692,000,000                   
        shareholders’ equity (parent) 13
      		                 42,452,000,000                                      
        non-voting equity securities 13
      		                 3,000,000,000                                      
        insurance and investment contracts 17
      		                 278,833,000,000                   265,712,000,000                   
        amounts due to banks 18
      		                 72,233,000,000                   166,972,000,000                   
        customer deposits and other funds on deposit 19
      		                 467,547,000,000                   525,216,000,000                   
        financial liabilities at fair value through profit and loss 20
      		                                                       
        other liabilities 21
      		                 33,202,000,000                   43,859,000,000                   
        cash and balances with central banks 1)
      		                      13,072,000,000      15,390,000,000   22,045,000,000   22,045,000,000                     
        amounts due from banks 2)
      		                      51,828,000,000      43,397,000,000   48,447,000,000   48,447,000,000                     
        financial assets at fair value through profit and loss 3)
      		                                                       
        - trading assets
      		                      125,675,000,000      111,444,000,000                   149,187,000,000        
        - investments for risk of policyholders
      		                      120,481,000,000      104,597,000,000                   100,961,000,000        
        - non-trading derivatives
      		                      11,722,000,000      11,632,000,000                   7,766,000,000        
        - designated as at fair value through profit and loss
      		                      6,016,000,000      5,517,000,000                           
        investments 4)
      		                                                       
        - available-for-sale
      		                      222,547,000,000      197,703,000,000                   305,707,000,000        
        - held-to-maturity
      		                      11,693,000,000      14,409,000,000                   18,937,000,000        
        loans and advances to customers 5)
      		                      608,938,000,000      575,275,000,000   619,791,000,000   616,776,000,000                     
        reinsurance contracts 17)
      		                      5,789,000,000      5,480,000,000   5,797,000,000   5,797,000,000                     
        investments in associates 6)
      		                      3,925,000,000      3,699,000,000   4,355,000,000   4,355,000,000                     
        real estate investments 7)
      		                      1,900,000,000      3,638,000,000   4,300,000,000   4,300,000,000                     
        property and equipment 8)
      		                      6,132,000,000      6,119,000,000   6,396,000,000   6,396,000,000                     
        intangible assets 9)
      		                      5,372,000,000      6,021,000,000   6,915,000,000   6,915,000,000                     
        deferred acquisition costs 10)
      		                      10,604,000,000      11,398,000,000   11,843,000,000   11,843,000,000                     
        assets held for sale 11)
      		                      681,000,000      5,024,000,000                           
        other assets 12)
      		                      36,469,000,000      39,229,000,000                           
        non-voting equity securities 13)
      		                      5,000,000,000      5,000,000,000                           
        subordinated loans 14)
      		                      10,645,000,000      10,099,000,000   10,281,000,000   10,281,000,000                     
        debt securities in issue 15)
      		                      135,604,000,000      119,981,000,000   96,488,000,000   96,488,000,000                     
        other borrowed funds 16)
      		                      22,291,000,000      23,151,000,000   31,198,000,000   31,198,000,000                     
        insurance and investment contracts 17)
      		                      270,582,000,000      240,858,000,000   240,790,000,000   240,790,000,000                     
        amounts due to banks 18)
      		                      72,852,000,000      84,235,000,000   152,265,000,000   152,265,000,000                     
        customer deposits and other funds on deposit 19)
      		                      511,362,000,000      469,508,000,000   522,783,000,000   522,783,000,000                     
        financial liabilities at fair value through profit and loss 20)
      		                                                       
        - trading liabilities
      		                      108,050,000,000      98,245,000,000                   92,058,000,000        
        liabilities held for sale 11)
      		                      424,000,000      4,890,000,000                           
        other liabilities 21)
      		                      36,446,000,000      40,425,000,000   60,532,000,000   59,771,000,000                     
        non - voting equity securities
      		                         5,000,000,000                              
        financial assets at fair value through p&l:
      		                          262,536                             
        other assets:
      		                          38,101                             
        other liabilities:
      		                          40,147                             
        financial assets at fair value through profit and loss
      		                           263,894  238,852,000,000 255,585,000,000  294,127 341,638  313,828  339,462 354,101                 
        financial liabilities at fair value through profit and loss
      		                           138,538  149,304,000,000 164,353,000,000  172,614 217,858  183,509  166,381 176,342                 
        investments: 4)
      		                                                       
        preference shares
      		                                 2  21  119 215 215 21  215 215 215 296 215 296,000,000  296 365,000,000 296    
        investments 2
      		                              214,225,000,000                         
        loans and advances to customers 3
      		                              641,075,000,000                         
        intangible assets 4
      		                              6,822,000,000                         
        — trading assets
      		                               160,378,000,000   160,378,000,000  193,213,000,000                   
        — investments for risk of policyholders
      		                               95,366,000,000   95,366,000,000  114,827,000,000                   
        — non-trading derivatives
      		                               16,484,000,000   16,484,000,000  7,637,000,000                   
        — designated as at fair value through profit and loss
      		                               8,277,000,000   8,277,000,000  11,453,000,000                   
        — available-for-sale
      		                               242,852,000,000   242,852,000,000  275,897,000,000                   
        — held-to-maturity
      		                               15,440,000,000   15,440,000,000  16,753,000,000                   
        other assets 11)
      		                               62,977,000,000   62,977,000,000                     
        non-voting equity securities 12)
      		                               10,000,000,000   10,000,000,000                     
        preference shares 13)
      		                                                       
        — trading liabilities
      		                               152,616,000,000   152,616,000,000  148,988,000,000                   
        debt securities in issue/other borrowed funds
      		                                126,404 120,122  106,655  98,383 112,524  94,053    107,772 111,744    112,379 131,927,000,000 113,514    
        shareholders’ equity (parent) 12
      		                                    37,208,000,000                   
        preference shares 13
      		                                    21,000,000                   
        * unaudited
      		                                                       
        investment in associates
      		                                       5,438                
        investment property
      		                                       5,003   4,650 4,772   6,974 5,031,000,000        
        equity and liabilities
      		                                                       
        share capital & share premium
      		                                       9,228   8,874 8,874   8,878         
        revaluation reserve equities
      		                                       6,597   4,747 4,072   5,236         
        revaluation reserve fixed income
      		                                       -517   3,674 1,339   3,064         
        other revaluation reserves
      		                                       676   1,121 942   1,153         
        currency translation reserve
      		                                       -559   362 202   -473         
        financial assets at fair value through profit or loss
      		                                        327,130    317,470     214,925 268,485,000,000 260,378    
        financial liabilities at fair value through profit or loss
      		                                        169,821    146,611      105,132,000,000     
        trading account assets
      		                                         193,977,000,000       128,972,000,000    47,103,000,000 65,230,000,000 65,245,000,000 
        investments for risk of policyholders
      		                                         44,248,000,000              
        separate accounts assets
      		                                         66,299,000,000              
        goodwill
      		                                         4,146,000,000       4,162,000,000       
        deferred policy acquisition costs
      		                                         13,076,000,000       11,443,000,000    10,350,000,000 9,342,000,000 10,236,000,000 
        participating interests
      		                                         2,529,000,000       2,127,000,000    3,304,000,000 1,382,000,000 1,568,000,000 
        other assets/receivables
      		                                         46,053,000,000              
        short-term borrowings and current maturities of long term debt
      		                                         63,038,000,000       47,874,000,000       
        long-term borrowings, excluding current maturities
      		                                         50,745,000,000       62,809,000,000     56,677,000,000 64,299,000,000 
        deposits
      		                                         496,680,000,000       445,664,000,000    435,907,000,000 306,354,000,000 244,331,000,000 
        future policy benefits, claims reserves, other policyholder funds and unearned premiums
      		                                         200,876,000,000       243,977,000,000    210,107,000,000 203,361,000,000 203,526,000,000 
        trading account liabilities
      		                                         127,975,000,000       93,656,000,000     25,104,000,000 30,130,000,000 
        separate accounts liabilities
      		                                         66,299,000,000              
        group equity
      		                                         44,580,000,000      38,425,000,000        
        non-trading derivatives
      		                                             6,943    9,137 11,638,000,000 7,766    
        capital and reserves
      		                                             36,362   42,523,000,000 35,363 43,537,000,000 36,736    
        third-party interests
      		                                             1,780  1,689,000,000 3,094,000,000 2,067 2,053,000,000 1,689    
        change in capital & reserves
      		                                                       
        capital & reserves
      		                                             36,736          
        net profit first three months 2006/year 2005
      		                                             2,006          
        unrealised revaluations equities
      		                                             850          
        unrealised revaluations debt securities
      		                                             -2,944          
        transfer to insurance liabilities
      		                                             977          
        realised capital gains equities released to p&l
      		                                             -179          
        realised capital gains debt securities released to p&l
      		                                             -33          
        change in cashflow hedge reserve
      		                                             -457          
        other revaluations
      		                                             141          
        changes re-own shares
      		                                             -347          
        exchange rate differences
      		                                             -412          
        cash dividend
      		                                                       
        other
      		                                             24          
        total changes
      		                                             -374          
        - designated as at fair value through profit or loss
      		                                               10,230,000,000        
        - other
      		                                                       
        equity attributable to equity holders of the company
      		                                               36,736,000,000        
        separate accounts
      		                                                90,250,000,000     70,552,000,000 64,282,000,000 
        other assets/ receivables
      		                                                37,475,000,000       
        banks
      		                                                127,613,000,000    57,300,000,000 61,185,000,000 45,760,000,000 
        total liabilities, minority interests and shareholders’ equity
      		                                                1,108,651,000,000    866,201,000,000 818,777,000,000  
        insurance and investments contracts
      		                                                 254,271  263,487    
        loans
      		                                                    317,466,000,000 288,148,000,000 280,568,000,000 
        cash and due from banks
      		                                                    8,807,000,000 11,738,000,000 11,421,000,000 
        reinsurance receivables
      		                                                    388,000,000 5,349,000,000 7,880,000,000 
        other receivables
      		                                                    9,545,000,000 11,120,000,000 12,810,000,000 
        short-term borrowings and current maturities of long-term debt
      		                                                     52,464,000,000 50,225,000,000 
        total liabilities, minority interests and shareholders’equity
      		                                                      762,514,000,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-06-30 2024-06-30 2023-06-30 2019-06-30 2017-06-30 2016-08-04 2012-08-07 2011-06-30 2010-06-30 2009-11-12 2009-09-08 2009-06-30 2009-05-13 
                     
          cash flows from operating activities
        		             
          result before tax
        		5,558 6,373 4,609 2,493   2,196,000,000 4,790,000,000 -1,590,000,000 -475,000,000 -1,590,000,000 -5,196,000,000 -874,000,000 
          adjusted for:
        		330 331 328 388 260 260        
          – addition to loan loss provisions
        		612 559 250 416   982,000,000       
          – revaluations
        		613 -80            
          – exchange rate differences and other
        		-2,519             
          taxation paid
        		-1,129 -1,307 -1,073     -761,000,000 -31,000,000 -41,000,000 -31,000,000 -49,000,000 -89,000,000 
          changes in:
        		-19,168 -5,222 -28,943   102        
          – deposits from banks, not payable on demand
        		-529 -6,181            
          – trading assets
        		8,242 -12,975            
          – trading liabilities
        		-8,868 -3,485            
          – loans and advances to customers
        		-22,641 -13,819 -4,727           
          – customer deposits
        		53,363 41,652 36,962 15,297          
          – non–trading derivatives
        		2,108             
          – assets designated at fair value through profit or loss
        		914 769            
          – assets mandatorily at fair value through profit or loss
        		-28,235 -14,427            
          – other assets
        		-2,108 -1,200            
          – other financial liabilities at fair value through profit or loss
        		19,050 11,874            
          – provisions and other liabilities
        		4,899 1,875            
          net cash flow from operating activities
        		10,491 5,948 4,491 3,754  4,499  -17,610,000,000 -25,337,000,000 -22,222,000,000 -25,337,000,000 12,823,000,000 -22,753,000,000 
          cash flows from investing activities
        		             
          investments and advances:
        		-1 -22 -31           
          - financial assets at fair value through other comprehensive income
        		-11,324 -11,040 -11,548           
          – securities at amortised cost1
        		-81,126             
          – property and equipment
        		-124 -172 -89 71          
          – other investments
        		-200 -152 -115 1          
          disposals and redemptions:
        		116 44  6 197         
          – disposal of subsidiaries, net of cash disposed
        		             
          net cash flow from investing activities
        		-8,829 -6,532  2,346 6,471 2,454  -3,587,000,000 4,322,000,000 3,754,000,000 4,322,000,000  2,725,000,000 
          cash flows from financing activities
        		             
          proceeds from debt securities1
        		80,301             
          repayments of debt securities1
        		-65,413             
          proceeds from issuance of subordinated loans
        		1,232 2,385  1,089        2,721,000,000  
          repayments of subordinated loans
        		-1,818 -1,970            
          repayments of principal portion of lease liabilities
        		-143 -136            
          purchase/sale of treasury shares
        		-2,047   8          
          dividends paid
        		-2,843 -2,750          -3,207,000,000  
          net cash flow from financing activities
        		9,268 10,948     14,630,000,000 15,667,000,000 18,895,000,000 13,846,000,000 18,895,000,000 45,726,000,000  
          net cash flow
        		10,931 10,364  2,174  5,069  -5,530,000,000 -2,120,000,000 -4,622,000,000 -2,120,000,000   
          cash and cash equivalents at beginning of the period
        		69,069 93,012            
          effect of exchange rate changes on cash and cash equivalents
        		-610 -1,366      -206,000,000 -36,000,000 -32,000,000 -36,000,000 -464,000,000  
          cash and cash equivalents at end of the period
        		79,389 102,010  49,650          
          – exchange rate differences and other.
        		 1,858            
          – non-trading derivatives
        		 -647            
          - securities at amortised cost
        		 -48,584 -25,403 7,441          
          proceeds from debt securities
        		 65,628  54,835          
          repayments of debt securities
        		 -50,636            
          purchase of treasury shares
        		 -1,573            
          – other non-cash items in result before tax
        		  102           
          – net change in trading assets and trading liabilities
        		  -4,968           
          – other
        		  1,952 53   2,196,000,000       
          - associates and joint ventures
        		             
          - financial assest at fair value through other comprehensive income
        		   8,982          
          – loans sold
        		   401          
          cash and cash equivalents at beginning of year
        		   47,529        -16,811,000,000  
          result before tax1
        		    4,250 3,482        
          net cash flow from investing activities 30
        		             
          in eur million
        		             
          proceeds from debt securities 31
        		             
          repayments of debt securities 31
        		             
          proceeds from issuance of subordinated loans 31
        		             
          repayments of subordinated loans5 31
        		             
          proceeds from nn group divestments and related transactions
        		             
          cash and cash equivalents at end of year 32
        		             
          proceeds from debt securities and subordinated loans
        		    52,325         
          repayments of debt securities and subordinated loans4
        		             
          changes in treasury shares
        		             
          dividends paid 19
        		             
          6 month period
        		             
          cash and cash equivalents at beginning of period
        		      34,279,000,000 20,740,000,000 31,271,000,000 31,271,000,000 31,271,000,000   
          cash and cash equivalents at end of period
        		      22,498,000,000 15,004,000,000 29,115,000,000 26,617,000,000 29,115,000,000   
          cash and cash equivalents comprises the following items:
        		             
          treasury bills and other eligible bills
        		      3,650,000,000 3,808,000,000 6,997,000,000 9,218,000,000 6,997,000,000   
          deposits from banks/loans and advances to banks
        		             
          cash and balances with central banks
        		      16,181,000,000 12,091,000,000 20,794,000,000 14,316,000,000 20,794,000,000   
          net cash flow from investing activities 31
        		             
          repayments of subordinated loans6
        		             
          repayment and premium paid on non-voting equity securities
        		             
          dividends paid 30
        		             
          proceeds from borrowed funds and debt securities
        		     69,024 251,007,000,000 174,175,000,000 234,324,000,000 360,802,000,000 234,324,000,000 391,915,000,000  
          repayments of borrowed funds and debt securities
        		       -155,552,000,000 -215,021,000,000 -346,557,000,000 -215,021,000,000 -354,015,000,000  
          proceeds from partial divestment of nn group6
        		             
          dividends paid 18
        		             
          other net cash flows from financing activities7
        		     5        
          amounts due from/to banks
        		      925,000,000 -895,000,000 1,324,000,000 3,083,000,000 1,324,000,000   
          result before tax 1
        		             
          net cash flow from investing activities 33
        		             
          repayment of non-voting equity securities
        		             
          repurchase premium paid on non-voting equity securities
        		             
          proceeds of ipo nn group 30
        		             
          proceeds of ipo voya 30
        		             
          proceeds from partial divestment of nn group 4
        		             
          proceeds from issuance of undated subordinated notes
        		             
          dividends paid 32
        		             
          net cash flow 34
        		             
          cash and cash equivalents at end of year 35
        		             
          net cash flow from investing activities 36
        		             
          repurchase premium
        		       -1,000,000,000      
          payments to acquire treasury shares
        		           -2,388,000,000  
          sales of treasury shares
        		           252,000,000  
          proceeds of ipo nn group 14
        		             
          proceeds of ipo voya 14
        		             
          net cash flow 37
        		             
          cash and cash equivalents at end of year 38
        		             
          net cash flow from investing activities 39
        		             
          proceeds of ing u.s. 14
        		             
          net cash flow 40
        		             
          cash and cash equivalents at end of year 41
        		             
          adjusted for: – depreciation
        		      384,000,000       
          – deferred acquisition costs and value of business acquired
        		             
          – increase in provisions for insurance and investment contracts
        		      716,000,000       
          changes in: – amounts due from banks, not available on demand
        		      1,070,000,000       
          – other financial assets at fair value through profit and loss
        		      35,000,000       
          – amounts due to banks, not payable on demand
        		             
          – customer deposits and other funds on deposit
        		      2,279,000,000       
          – other financial liabilities at fair value through profit and loss
        		      544,000,000       
          – other liabilities
        		      1,392,000,000       
          investments and advances – available-for-sale investments
        		          -91,310,000,000   
          – investments for risk of policyholders
        		      32,387,000,000       
          disposals and redemptions – available-for-sale investments
        		      67,109,000,000    94,706,000,000   
          other net cash flow from financing activities
        		      131,000,000 44,000,000 17,000,000 -399,000,000 -408,000,000   
          cash and cash equivalents classified as assets held for sale
        		      1,742,000,000       
          cash flows from operating activities:
        		             
          net income
        		             
          adjustments to reconcile net income to net cash from operating activities:
        		             
          capitalization of deferred policy acquisition costs, value of business acquired, and sales inducements
        		             
          net amortization of deferred policy acquisition costs, value of business acquired, and sales inducements
        		             
          net accretion/amortization of discount/premium
        		             
          future policy benefits, claims reserves, and interest credited
        		             
          provision for deferred income taxes
        		             
          net realized capital losses
        		             
          depreciation and amortization
        		             
          loss on conversion of debt to equity
        		             
          losses on consolidated investment entities
        		             
          losses on limited partnerships/corporations
        		             
          loss on divestment of businesses
        		             
          change in:
        		             
          accrued investment income
        		             
          reinsurance recoverable
        		             
          other receivable and assets accruals
        		             
          other payables and accruals
        		             
          funds held under reinsurance agreements
        		             
          decrease in cash held by consolidated investment entities
        		             
          other
        		             
          net cash from operating activities
        		             
          capital expenditures
        		             
          free cash flows
        		             
          cash flows from investing activities:
        		             
          proceeds from the sale, maturity, disposal or redemption of:
        		             
          fixed maturities
        		             
          equity securities, available-for-sale
        		             
          mortgage loans on real estate
        		             
          loan – dutch state obligation
        		             
          limited partnerships/corporations
        		             
          acquisition of:
        		             
          short-term investments
        		             
          policy loans
        		             
          derivatives
        		             
          other investments
        		             
          sales from consolidated investment entities
        		             
          purchase of consolidated investment entities
        		             
          collateral received
        		             
          divestment sale of businesses, net of cash disposed of 57.5 in 2010 and 115.0 in 2009
        		             
          purchases of fixed assets
        		             
          net cash from investment activities
        		             
          cash flows from financing activities:
        		             
          deposits received for investment contracts
        		             
          maturities and withdrawals from investment contracts
        		             
          proceeds from issuance of long-term debt
        		             
          repayment of long-term debt
        		             
          short-term debt
        		             
          borrowings of consolidated investment entities
        		             
          repayments of debt of consolidated investment entities
        		             
          contributions from (distributions to) partners in consolidated investment entities
        		             
          contribution of capital
        		             
          net cash from financing activities
        		             
          net increase in cash and cash equivalents
        		             
          cash and cash equivalents, beginning of year
        		             
          cash and cash equivalents, end of year
        		             
          supplemental cash flow information:
        		             
          income taxes paid
        		             
          interest paid
        		             
          non-cash investment and financing activities:
        		             
          debt extinguishment
        		             
          capital contribution
        		             
          non-cash transfer alt-a
        		             
          net cash flow from investing activities 53
        		             
          issuance of ordinary shares
        		           448,000,000  
          net cash flow 54
        		             
          cash and cash equivalents at end of year 55
        		             
          adjusted for
        		       853,000,000 811,000,000 1,239,000,000   403,000,000 
          changes in
        		       -5,501,000,000 4,105,000,000 4,860,000,000   -617,000,000 
          investments and advances
        		       -113,143,000,000 -91,310,000,000 -116,905,000,000    
          disposals and redemptions
        		       105,377,000,000 94,706,000,000 120,459,000,000   1,316,000,000 
          repurchase of non-voting equity securities
        		       -2,000,000,000      
          - depreciation
        		             
          - deferred acquisition costs and value of business acquired
        		          -339,000,000   
          - increase in provisions for insurance and investment contracts
        		          1,715,000,000   
          - addition to loan loss provisions
        		          1,625,000,000   
          - other
        		          1,718,000,000   
          - amounts due from banks, not available on demand
        		             
          - trading assets
        		          44,757,000,000   
          - non-trading derivatives
        		          35,000,000   
          - other financial assets at fair value through profit and loss
        		          261,000,000   
          - loans and advances to customers
        		          2,050,000,000   
          - other assets
        		          4,574,000,000   
          - amounts due to banks, not payable on demand
        		          -51,172,000,000   
          - customer deposits and other funds on deposit
        		          10,698,000,000   
          - trading liabilities
        		          -35,083,000,000   
          - other financial liabilities at fair value through profit and loss
        		          -3,638,000,000   
          - other liabilities
        		          -5,833,000,000   
          - group companies
        		             
          - associates
        		             
          - available-for-sale investments
        		             
          - held-to-maturity investments
        		             
          - real estate investments
        		             
          - property and equipment
        		             
          - assets subject to operating leases
        		             
          - investments for risk of policyholders
        		          -31,217,000,000   
          - other investments
        		          -1,264,000,000   
          net cash flow from investing activities 53)
        		             
          issuance of non-voting equity securities
        		           10,000,000,000  
          net cash flow 54)
        		             
          cash and cash equivalents at end of year 55)
        		             
          dividend paid
        		        -425,000,000     
          adjusted for – depreciation
        		          811,000,000   
          changes in – amounts due from banks, not available on demand
        		          4,105,000,000   
          — depreciation
        		           1,492,000,000  
          — deferred acquisition costs and value of business acquired
        		           -444,000,000  
          — increase in provisions for insurance and investment contracts
        		           16,363,000,000  
          — addition to loan loss provisions
        		           1,280,000,000  
          — other
        		           6,955,000,000  
          — amounts due from banks, not available on demand
        		           7,162,000,000  
          — trading assets
        		           32,386,000,000  
          — non-trading derivatives
        		           -2,020,000,000  
          — other financial assets at fair value through profit and loss
        		           3,174,000,000  
          — loans and advances to customers
        		           -72,506,000,000  
          — other assets
        		           -11,847,000,000  
          — amounts due to banks, not payable on demand
        		           13,210,000,000  
          — customer deposits and other funds on deposit
        		           6,831,000,000  
          — trading liabilities
        		           3,501,000,000  
          — other financial liabilities at fair value through profit and loss
        		           13,016,000,000  
          — other liabilities
        		           -485,000,000  
          — group companies
        		           -1,725,000,000  
          — associates
        		           -1,034,000,000  
          — available-for-sale investments
        		           -228,291,000,000  
          — held-to-maturity investments
        		           -314,000,000  
          — real estate investments
        		           -905,000,000  
          — property and equipment
        		           -708,000,000  
          — assets subject to operating leases
        		           -1,401,000,000  
          — investments for risk of policyholders
        		           -64,735,000,000  
          — other investments
        		           -881,000,000  
          net cash flow from investing activities 51)
        		           -10,003,000,000  
          net cash flow 52)
        		           48,546,000,000  
          cash and cash equivalents at end of year 53)
        		           31,271,000,000  
          investment and advances
        		             
          sale of treasury shares
        		             
          cash and cash equivalents comprises the following items
        		             
          group companies
        		             
          associates
        		             
          available-for-sale investments
        		             
          held-to-maturity investments
        		             
          real estate investments
        		             
          property and equipment
        		             
          assets subject to operating leases
        		             
          investments for risk of policyholders
        		             
          *
        		             
          - available-for-sale-investments
        		             
          - assets subject to operating lease
        		             
          - investments for the risk of policyholders
        		             
          - investment properties
        		             
          net cash flow from investment activities
        		             
          cash and equivalents at beginning of period
        		             
          effect of exchange-rate changes on cash and equivalents
        		             
          cash and equivalents at end of period
        		             
          assets subject to operating lease
        		             
          profit before tax
        		             
          adjusted for — depreciation
        		             
          — deferred acquisition costs and voba
        		             
          changes in — amounts due from banks, not available on demand
        		             
          investments and advances — group companies
        		             
          disposals and redemptions — group companies
        		             
          net cash flow from investing activities 51
        		             
          net cash flow 52
        		             
          implementation ias 32/39
        		             
          cash and cash equivalents at end of year 53
        		             
          the accompanying notes referenced from 2.5.1 to 2.5.7 are an integral part of these condensed consolidated interim accounts
        		             
          – depreciation
        		             
          – deferred acquisition costs and voba
        		             
          – addition to loan loss provision
        		             
          – amounts due from banks, not available on demand
        		             
          – group companies
        		             
          – associates
        		             
          – available-for-sale investments
        		             
          – held-to-maturity investments
        		             
          – real estate investments
        		             
          – assets subject to operating leases
        		             
          net cash flow from investing activities52)
        		             
          borrowed funds and debt securities53)
        		             
          deposits by reinsurers
        		             
          net cash flow54)
        		             
          cash and cash equivalents at end of year55)
        		             
          - group companies - - associates
        		             
          - held-to-maturity-investments
        		             
          - investments for risk policyholders
        		             
          borrowed funds and debt securities
        		             
          cash and equivalents at beginning of year
        		             
          cash and equivalents comprises the following items:
        		             
          – amortization of deferred acquisition costs and voba
        		             
          – additions to the provision for loan losses
        		             
          movements in
        		             
          – other financial assets at fair value through profit or loss
        		             
          – associates and group companies
        		             
          – investment property
        		             
          – investments for the risk of policyholders
        		             
          effect of exchange-rate changes on cash and cash equivalents
        		             
          cash and cash equivalents at end of year
        		             
          - associated undertakings
        		             
          - available-for-sale investment securities
        		             
          - held-to-maturity investment securities
        		             
          - investment property
        		             
          repayment from borrowed funds and debt securities
        		             
          in this summary, cash comprises the following items:
        		             
          loans and advances to banks on demand
        		             
          — associated undertakings
        		             
          — available-for-sale-investment securities
        		             
          — held-to-maturity-investment securities
        		             
          — investment properties
        		             
          — investments for the risk of policyholders
        		             
          — available-for-sale investment securities
        		             
          — held-to-maturity investment securities
        		             
          proceeds from insurance of subordinated loans
        		             
          cash comprises the following items:
        		             
          treasury bills
        		             
          loans and advances to banks
        		             
          cash and bank balances and call money of the insurance operations
        		             
          amounts due to/from banks
        		             
          - participating interests
        		             
          - investments in shares and property
        		             
          - investments in fixed-interest securities
        		             
          net investment for risk of policyholders
        		             
          subordinated loans of group companies
        		             
          bonds, loans taken up and deposits by reinsurers
        		             
          private placements of ordinary shares
        		             
          private placements of preference shares of group companies
        		             
          changes in shares ing groep n.v.
        		             
          cash dividends
        		             
          cash at beginning of year
        		             
          exchange rate differences
        		             
          cash at end of period
        		             
          in eur x million
        		             
          – participating interests
        		             
          – investments in shares and property
        		             
          – investments in fixed–interest securities
        		             
          purchase of shares ing groep n.v
        		             
          life insurance
        		             
          non–life insurance
        		             
          total before taxation
        		             
          taxation/third parties
        		             
          net
        		             
          changes in shares ing groep n.v
        		             
          purchase of shares ing groep n.v.
        		             
          non-life insurance
        		             
          total after taxation