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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 balance1
-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 balance1
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 balance1
-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