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Condensed financial information of the parent company (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Parent company condensed statement of financial position | Parent company condensed statement of financial position as at 31 December before appropriation of result
in EUR million | 2023 | 2022 |  |  | 2023 | 2022
Assets |  |  |  | Equity |  |
Investments in group companies | 43,687 | 49,192 |  | Share capital | 35 | 37
Fixed assets | 43,687 | 49,192 |  | Share premium | 17,116 | 17,116
|  |  |  | Legal and statutory reserves | -773 | -986
Receivables from group companies 1 | 70,524 | 65,704 |  | Other reserves | 35,761 | 29,002
Other assets | 11 | 16 |  | Unappropriated result | 2,544 | 11,331
Current assets | 70,535 | 65,720 |  | Total equity | 54,684 | 56,500
|  |  |  | Liabilities |  |
|  |  |  | Subordinated loans | 16,330 | 16,441
|  |  |  | Debenture loans | 42,569 | 41,609
|  |  |  | Other non-current liabilities | 0 | 0
|  |  |  | Non-current liabilities | 58,899 | 58,051
|  |  |  | Amounts owed to group companies | 56 | 56
|  |  |  | Other liabilities | 584 | 305
|  |  |  | Current liabilities | 639 | 360
Total assets | 114,222 | 114,912 |  | Total equity and liabilities | 114,222 | 114,912
1 Receivables from Group companies include EUR 16,330 million subordinated loans provided by ING Groep N.V. to ING Bank N.V. (2022: EUR 16,441 million).
Parent company condensed statement of profit or loss | Parent company condensed statement of profit or loss for the years ended 31 December
in EUR million | 2023 | 2022 | 2021
Staff expenses | 0 | 0 | 3
Other expenses | 7 | 9 | 5
Total expenses | 7 | 8 | 8
Interest and other financial income | 2,003 | 1,466 | 1,148
Valuation results | 0 | -1 | 0
Interest and other financial expenses | -1,828 | -1,450 | -1,143
Net interest and other financial income | 174 | 15 | 5
Result before tax | 167 | 7 | -3
Taxation | 43 | 2 | 0
Result after tax | 124 | 5 | -3
Result from (disposal of) group companies and participating interests after taxation | 4,016 | 12,121 | 5,954
Net result | 4,140 | 12,126 | 5,951
Parent company condensed statement of changes in equity | Parent company condensed statement of changes in equity
in EUR million | Share capital | Share premium | Legal and statutory reserves | Other reserves | Unappropriated results | Total
Balance as at 31 December 2022 | 37 | 17,116 | -986 | 29,002 | 11,331 | 56,500
Realised and unrealised revaluations of equity securities |  |  | -34 | -1 |  | -35
Unrealised revaluations debt instruments and other revaluations |  |  | 53 |  |  | 53
Realised gains/losses transferred to the statement of profit or loss |  |  | 9 |  |  | 9
Changes in cash flow hedge reserve |  |  | 997 |  |  | 997
Change in fair value of own credit risk of financial liabilities at fair value through profit or loss |  |  | -39 |  |  | -39
Realised and unrealised revaluations property in own use |  |  | 2 | 8 |  | 10
Remeasurement of the net defined benefit asset/liability |  |  | -85 |  |  | -85
Exchange rate differences and other |  |  | -132 |  |  | -132
Total amount recognised directly in equity |  |  | 770 | 7 |  | 776
Net result |  |  | 336 |  | 3,804 | 4,140
Total comprehensive income net of tax |  |  | 1,106 | 7 | 3,804 | 4,916
Transfer from Unappropriated result |  |  |  | 9,923 | -9,923 |
Dividends and other distributions |  |  |  |  | -2,668 | -2,668
Share buyback | -2 |  |  | -3,998 |  | -4,000
Changes in treasury shares |  |  |  | -8 |  | -8
Employee share plans |  |  |  | -7 |  | -7
Changes in the composition of the group and other changes |  |  | -892 | 842 |  | -50
Balance as at 31 December 2023 | 35 | 17,116 | -773 | 35,761 | 2,544 | 54,684
Parent company condensed statement of changes in equity - continued
in EUR million | Share capital | Share premium | Legal and statutory reserves | Other reserves | Unappropriated results | Total
Balance as at 31 December 2021 | 39 | 17,105 | 1,073 | 28,909 | 4,940 | 52,066
Realised and unrealised revaluations of equity securities |  |  | -95 | -23 |  | -118
Unrealised revaluations debt instruments and other revaluations |  |  | -413 |  |  | -413
Realised gains/losses transferred to the statement of profit or loss |  |  | -24 |  |  | -24
Changes in cash flow hedge reserve |  |  | -2,901 |  |  | -2,901
Change in fair value of own credit risk of financial liabilities at fair value through profit or loss |  |  | 150 | 15 |  | 165
Realised and unrealised revaluations property in own use |  |  | -32 | 26 |  | -5
Remeasurement of the net defined benefit asset/liability |  |  | -19 |  |  | -19
Exchange rate differences and other |  |  | 1,115 | -26 |  | 1,088
Total amount recognised directly in equity |  |  | -2,220 | -8 |  | -2,228
Net result |  |  | 161 |  | 11,965 | 12,126
Total comprehensive income net of tax |  |  | -2,059 | -8 | 11,965 | 9,898
Transfer from Unappropriated result |  |  |  | 4,940 | -4,940 |
Dividends and other cash distributions |  |  |  | -2,715 | -634 | -3,349
Share buyback programme | -2 |  |  | -1,580 |  | -1,582
Changes in treasury shares |  |  |  | 4 |  | 4
Employee share plans |  | 12 |  | 15 |  | 27
Changes in the composition of the group and other changes |  |  |  | -564 |  | -564
Balance as at 31 December 2022 | 37 | 17,116 | -986 | 29,002 | 11,331 | 56,500
Parent company condensed statement of changes in equity - continued
in EUR million | Share capital | Share premium | Legal and statutory reserves | Other reserves | Unappropriated results | Total
Balance as at 31 December 2020 | 39 | 17,089 | 2,347 | 29,988 | 2,156 | 51,619
Realised and unrealised revaluations of equity securities |  |  | 101 | -6 |  | 94
Unrealised revaluations debt instruments and other revaluations |  |  | -173 |  |  | -173
Realised gains/losses transferred to the statement of profit or loss |  |  | -40 |  |  | -40
Changes in cash flow hedge reserve |  |  | -1,603 |  |  | -1,603
Change in fair value of own credit risk of financial liabilities at fair value through profit or loss |  |  | 37 |  |  | 37
Realised and unrealised revaluations property in own use |  |  | -13 | 11 |  | -2
Remeasurement of the net defined benefit asset/liability |  |  | 95 |  |  | 95
Exchange rate differences and other |  |  | 132 | 18 |  | 150
Total amount recognised directly in equity |  |  | -1,465 | 23 |  | -1,442
Net result |  |  | 191 |  | 5,760 | 5,951
Total comprehensive income net of tax |  |  | -1,274 | 23 | 5,760 | 4,509
Transfer from Unappropriated result |  |  |  | 2,156 | -2,156 |
Dividends and other cash distributions |  |  |  | -1,522 | -820 | -2,342
Share buyback programme |  |  |  | -1,744 |  | -1,744
Changes in treasury shares |  |  |  | -4 |  | -4
Employee share plans |  | 16 |  | 12 |  | 29
Balance as at 31 December 2021 | 39 | 17,105 | 1,073 | 28,909 | 4,940 | 52,066
Parent company condensed statement of changes in cash flows | Parent company condensed statement of cash flows for the years ended 31 December
in EUR million |  | 2023 | 2022 | 2021 |  |  |  | 2023 | 2022 | 2021
Cash flows from operating activities |  |  |  |  | Cash flows from financing activities |  |  |
Result before tax |  | 167 | 7 | -3 |  | Proceeds from debt securities | 6,012 | 11,176 | 7,912
Adjusted for: | – non-cash items in Result before tax | 221 | 213 | 65 |  | Repayments of debt securities | -4,591 | -4,302 |
Taxation paid |  | 0 | 16 | 0 |  | Proceeds from issuance of subordinated loans | 2,240 | 993 | 3,182
Changes in: | – Net change in Loans and advances to/from banks, not available/payable on demand | -6,485 | -8,191 | -9,298 |  | Repayments of subordinated loans | -2,132 | -1,090 | -994
| – Other | 19 | -84 | -86 |  | Purchase of treasury shares (share buyback programme) | -3,524 | -1,721 | -1,604
Net cash flow from/(used in) operating activities | -6,079 | -8,040 | -9,323 |  | Dividends paid | -2,964 | -3,052 | -2,342
|  |  |  |  | Other financing |  |  | 1
Cash flows from investing activities |  |  |  |  | Net cash flow from/(used in) financing activities | -4,959 | 2,004 | 6,154
Disposals and redemptions: | – dividends received from group companies | 10,269 | 6,277 | 3,125 |  |  |  |  |
| – securities at amortised cost | 1,000 |  |  |  | Net cash flow | 231 | 241 | -44
Net cash flow from/(used in) investing activities | 11,269 | 6,277 | 3,125 |  |  |  |  |
|  |  |  |  |  | Cash and cash equivalents at beginning of year | 383 | 142 | 186
|  |  |  |  | Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | -1
|  |  |  |  |  | Cash and cash equivalents at end of year | 614 | 383 | 142
Five-year schedule of maturities of debt |
| Subordinated loans | Debenture loans
in EUR million | 2023 | 2022 | 2023 | 2022
Less than 1 year |  |  | 1,474 | 4,639
1 to 2 years |  |  | 3,250 | 1,570
2 to 3 years |  |  | 7,616 | 3,250
3 to 4 years |  |  | 7,049 | 7,716
4 to 5 years |  |  | 7,306 | 5,563
Longer than 5 years | 9,317 | 10,113 | 15,875 | 18,872
Maturity not applicable | 7,014 | 6,329 |  |
| 16,330 | 16,441 | 42,569 | 41,609

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