XML 120 R79.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Disclosure of reserves within equity [abstract] |
Summary of equity |
Total equity
In EUR million | 2023 | 2022 | 2021
Share capital and share premium |  |  |
- Share capital | 35 | 37 | 39
- Share premium | 17,116 | 17,116 | 17,105
| 17,151 | 17,154 | 17,144
Other reserves |  |  |
- Revaluation reserve: Equity securities at FVOCI | 1,152 | 1,187 | 1,282
- Revaluation reserve: Debt instruments at FVOCI | -280 | -341 | 96
- Revaluation reserve: Cash flow hedge | -2,058 | -3,055 | -153
- Revaluation reserve: Credit liability | 31 | 70 | -80
- Revaluation reserve: Property in own use | 178 | 176 | 208
- Net defined benefit asset/liability remeasurement reserve | -317 | -232 | -212
- Currency translation reserve | -2,527 | -2,395 | -3,483
- Share of associates and joint ventures and other reserves | 3,047 | 3,603 | 3,416
- Treasury shares | -1,994 | -1,205 | -1,612
| -2,767 | -2,192 | -540
Retained earnings | 40,299 | 41,538 | 35,462
Shareholders’ equity (parent) | 54,684 | 56,500 | 52,066
Non-controlling interests | 944 | 504 | 736
Total equity | 55,628 | 57,004 | 52,802
Schedule of share capital |
Share capital
|  | Ordinary shares (par value EUR 0.01)
| Number x 1,000 | In EUR million
| 2023 | 2022 | 2021 | 2023 | 2022 | 2021
Authorised share capital | 9,142,000 | 9,142,000 | 14,729,000 | 91 | 91 | 147
Unissued share capital | 5,643,806 | 5,415,461 | 10,824,935 | 56 | 54 | 108
Issued share capital | 3,498,194 | 3,726,539 | 3,904,065 | 35 | 37 | 39
Reserves and other equity interest |
Changes in issued share capital
| Ordinary shares (par value EUR 0.01)
| Number x 1,000 | In EUR million
Issued share capital as at 31 December 2020 | 3,900,669 | 39
Issue of shares | 3,397 |
Issued share capital as at 31 December 2021 | 3,904,065 | 39
Issue of shares | 2,935 |
Cancellation of shares | -180,461 | -2
Issued share capital as at 31 December 2022 | 3,726,539 | 37
Issue of shares | 5 | 0
Cancellation of shares | -228,350 | -2
Issued share capital as at 31 December 2023 | 3,498,194 | 35
Share premium
In EUR million | 2023 | 2022 | 2021
Opening balance | 17,116 | 17,105 | 17,089
Issue of shares | 0 | 12 | 16
Closing balance | 17,116 | 17,116 | 17,105
Changes in revaluation reserve: Equity securities and Debt instruments at FVOCI
| Equity securities at FVOCI | Debt instruments at FVOCI
In EUR million | 2023 | 2022 | 2021 | 2023 | 2022 | 2021
Opening balance | 1,187 | 1,282 | 1,181 | -341 | 96 | 309
Unrealised revaluations | -35 | -118 | 94 | 53 | -412 | -173
Realised gains/losses transferred to the statement of profit or loss |  |  |  | 9 | -25 | -40
Realised revaluations transferred to retained earnings | 1 | 23 | 6 |  |  |
Closing balance | 1,152 | 1,187 | 1,282 | -280 | -341 | 96
Changes in cash flow hedge and credit liability reserve
| Cash flow hedge | Credit liability
In EUR million | 2023 | 2022 | 2021 | 2023 | 2022 | 2021
Opening balance | -3,055 | -153 | 1,450 | 70 | -80 | -117
Changes in credit liability reserve |  |  |  | -39 | 165 | 37
Unrealised revaluations | 997 | -2,901 | -1,603 |  |  |
Realised revaluations transferred to retained earnings |  |  |  |  | -15 |
Closing balance | -2,058 | -3,055 | -153 | 31 | 70 | -80
Changes in Property in own use reserve |  |
In EUR million | 2023 | 2022 | 2021
Opening balance | 176 | 208 | 221
Impact IAS 29 on opening balance 1 |  | -20 |
Unrealised revaluations | 10 | 15 | -2
Realised revaluations transferred to retained earnings | -8 | -26 | -11
Closing balance | 178 | 176 | 208
1 Impact of application of hyperinflation accounting under IAS 29.
Changes in currency translation reserve
In EUR million | 2023 | 2022 | 2021
Opening balance | -2,395 | -3,483 | -3,636
Impact IAS 29 on opening balance 1 |  | 647 |
Unrealised revaluations | 183 | -7 | -61
Realised gains/losses transferred to the statement of profit or loss |  | 4 |
Exchange rate differences | -316 | 444 | 214
Closing balance | -2,527 | -2,395 | -3,483
1 Impact of application of hyperinflation accounting under IAS 29.
Changes in share of associates, joint ventures and other reserves
In EUR million | 2023 | 2022 | 2021
Opening balance | 3,603 | 3,416 | 3,246
Result for the year | 336 | 161 | 191
Transfer to/from retained earnings | -892 | 26 | -21
Closing balance | 3,047 | 3,603 | 3,416
Changes in treasury shares
| In EUR million | Number x 1,000
| 2023 | 2022 | 2021 | 2023 | 2022 | 2021
Opening balance | -1,205 | -1,612 | -4 | 107,395 | 128,301 | 572
Purchased/sold for trading purposes | -7 | 4 | -4 | 464 | -312 | 102
Purchased under staff share plans | -42 |  |  | 3,156 |  |
Distributed under staff share plans | 41 |  |  | -3,106 |  |
Purchased Share buyback programme | -3,482 | -1,721 | -1,604 | 275,013 | 159,866 | 127,628
Cancelled Share buyback programme | 2,701 | 2,124 |  | -228,350 | -180,461 |
Closing balance | -1,994 | -1,205 | -1,612 | 154,571 | 107,395 | 128,301
Changes in retained earnings
In EUR million | 2023 | 2022 | 2021
Opening balance | 41,538 | 35,462 | 32,149
Impact on opening balance 1 | -45 | -563 |
Transfer to/from other reserves | 899 | -8 | 26
Result for the year | 3,804 | 11,965 | 5,760
Dividend and other distributions | -2,668 | -3,349 | -2,342
Employee share plans | -7 | 15 | 12
Changes in composition of the group and other changes | -3,222 | -1,984 | -143
Closing balance | 40,299 | 41,538 | 35,462
1 In 2023, changes in policy following the adoption of IFRS 17 and change in policy for non-financial guarantees. 2022: impact of application of hyperinflation accounting under IAS 29.
Non-distributable reserves
In EUR million | 2023 | 2022 | 2021
ING Bank | 6,727 | 8,408 | 8,205
Other | 0 | 0 | 0
Non-distributable reserves | 6,727 | 8,408 | 8,205
The following table shows the movement of the cash flow hedge reserve:
Movement cash flow hedge reserve
in EUR million | 2023 | 2022
Opening balance | -3,055 | -153
Value changes recognised in OCI | 1,922 | -3,982
Amounts recycled to profit or loss | -325 | -313
Income tax | -381 | 1,123
Exchange rate and other changes | -103 | 20
Adjustment for non controlling interest | -116 | 251
Movement for the year | 997 | -2,901
Ending balance | -2,058 | -3,055

X
- Definition The disclosure of classes of share capital. [Refer: Share capital [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 79 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_79_a&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of reserves within equity. [Refer: Other reserves [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 79 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_79_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfReservesWithinEquityAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of equity. + References No definition available. + Details
Name: | ing_DisclosureOfEquityTableTextBlock
Namespace Prefix: | ing_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration