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v3.24.2.u1

Segments (Tables) | 6 Months Ended
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Jun. 30, 2024
Disclosure of operating segments [abstract] |
Schedule of ING Group total | The following table specifies the segments by line of business and main sources of income of each of the segments:
Specification of the main sources of income of each of the segments by line of business
Segments by line of business | Main source of income
Retail Netherlands | Income from retail and private banking activities in the Netherlands, including the Business Banking segments. The main products offered are current and savings accounts, investment products, business lending, mortgages and consumer lending.
Retail Belgium | Income from retail and private banking activities in Belgium and Luxembourg, including the Business Banking segments. The main products offered are similar to those in the Netherlands.
Retail Germany | Income from retail and private banking activities in Germany, including the Business Banking segments. The main products offered are similar to those in the Netherlands.
Retail Other | Income from retail banking activities in the rest of the world, including the Business Banking segments in specific geographies. The main products offered are similar to those in the Netherlands.
Wholesale Banking | Income from wholesale banking activities. The main products are: lending, payments & cash management, working capital solutions, trade finance, financial markets, corporate finance and treasury.
Specification of geographical split of the segments
Geographical split of the segments | Main countries
The Netherlands |
Belgium | Including Luxembourg
Germany |
Other Challengers | Australia, Italy, Spain and Portugal
Growth Markets | Poland, Romania and Türkiye
Wholesale Banking Rest of World | UK, Ireland & Middle East, Americas, Asia and other countries in Europe
Other | Corporate Line
ING Group Total |  |  |
| 1 January to 30 June | 1 January to 30 June
in EUR million | 2024 | 2023
| ING Bank | Other | Total ING Group | ING Bank | Other | Total ING Group
Income |  |  |  |  |  |
– Net interest income | 7,508 |  | 147 |  | 7,655 |  | 8,021 |  | 52 |  | 8,073 |
– Net fee and commission income | 1,995 |  | 3 |  | 1,998 |  | 1,807 |  |  |  | 1,807 |
– Total investment and other income | 1,647 |  |  |  | 1,647 |  | 1,440 |  | 5 |  | 1,445 |
Total income | 11,149 |  | 150 |  | 11,300 |  | 11,268 |  | 58 |  | 11,325 |
Expenditure |  |  |  |  |  |
– Operating expenses | 5,874 |  | 6 |  | 5,880 |  | 5,692 |  | 4 |  | 5,696 |
– Addition to loan loss provisions | 559 |  |  |  | 559 |  | 250 |  |  |  | 250 |
Total expenses | 6,433 |  | 6 |  | 6,439 |  | 5,942 |  | 4 |  | 5,946 |
Result before taxation | 4,716 |  | 144 |  | 4,861 |  | 5,326 |  | 53 |  | 5,379 |
Taxation | 1,347 |  | 38 |  | 1,385 |  | 1,519 |  | 14 |  | 1,533 |
Non-controlling interests | 118 |  |  |  | 118 |  | 100 |  |  |  | 100 |
Net result IFRS-EU | 3,251 |  | 107 |  | 3,358 |  | 3,707 |  | 39 |  | 3,746 |
Reversal of the IFRS-EU 'IAS 39 carve out' impact | 1,099 |  |  | 1,099 |  | -540 |  |  | -540 |
Net result IFRS-IASB | 4,350 |  | 107 |  | 4,456 |  | 3,166 |  | 39 |  | 3,206 |
Summary of reconciliation between IFRS and underlying income, expenses and net result |
Reconciliation between IFRS-IASB and IFRS-EU income, expense and net result
| 1 January to 30 June | 1 January to 30 June
in EUR million | 2024 | 2023
| Income | Expenses | Taxation | Non-controlling interests | Net result 1 | Income | Expenses | Taxation | Non-controlling interests | Net result 1
Net result IFRS-IASB attributable to equity holder of the parent | 12,812 |  | 6,439 |  | 1,798 |  | 118 |  | 4,456 |  | 10,555 |  | 5,946 |  | 1,303 |  | 100 |  | 3,206 |
IFRS-EU 'IAS 39 carve out' impact 2 | -1,512 |  |  | -414 |  |  | -1,099 |  | 770 |  |  | 230 |  |  | 540 |
Result IFRS-EU 3 | 11,300 |  | 6,439 |  | 1,385 |  | 118 |  | 3,358 |  | 11,325 |  | 5,946 |  | 1,533 |  | 100 |  | 3,746 |
1 Net result, after tax and non-controlling interests. 2 ING prepares its results filed with SEC in accordance with IFRS-IASB. This information is prepared by reversing the hedge accounting impacts that applied under the IFRS-EU 'carve-out' version of IAS 39. For the IFRS-EU result, the impact of the carve-out is re-instated as this is the measure at which management monitors the business. 3 IFRS-EU figures include the impact of applying the IFRS-EU 'IAS 39 carve-out'.
Summary of segments banking by line of business |
Segments by line of business
| 1 January to 30 June | 1 January to 30 June
in EUR million | 2024 | 2023
| Retail Netherlands | Retail Belgium | Retail Germany | Retail Other | Wholesale Banking | Corporate Line | Total | Retail Netherlands | Retail Belgium | Retail Germany | Retail Other | Wholesale Banking | Corporate Line | Total
Income |  |  |  |  |  |  |  |  |  |  |  |  |  |
– Net interest income | 1,534 |  | 1,052 |  | 1,337 |  | 1,884 |  | 1,737 |  | 111 |  | 7,655 |  | 1,650 |  | 1,010 |  | 1,401 |  | 1,668 |  | 2,076 |  | 269 |  | 8,073 |
– Net fee and commission income | 513 |  | 306 |  | 212 |  | 293 |  | 676 |  | -3 |  | 1,998 |  | 471 |  | 240 |  | 180 |  | 253 |  | 669 |  | -6 |  | 1,807 |
– Total investment and other income | 376 |  | 43 |  | -51 |  | 120 |  | 1,166 |  | -8 |  | 1,647 |  | 410 |  | 80 |  | -37 |  | 154 |  | 892 |  | -54 |  | 1,445 |
Total income | 2,423 |  | 1,402 |  | 1,498 |  | 2,297 |  | 3,580 |  | 99 |  | 11,300 |  | 2,530 |  | 1,330 |  | 1,543 |  | 2,075 |  | 3,637 |  | 210 |  | 11,325 |
Expenditure |  |  |  |  |  |  |  |  |  |  |  |  |  |
– Operating expenses | 1,023 |  | 980 |  | 628 |  | 1,388 |  | 1,662 |  | 199 |  | 5,880 |  | 1,053 |  | 959 |  | 605 |  | 1,215 |  | 1,630 |  | 233 |  | 5,696 |
– Addition to loan loss provisions | -43 |  | 65 |  | 65 |  | 176 |  | 295 |  |  |  | 559 |  | 42 |  | 91 |  | 49 |  | 174 |  | -105 |  |  |  | 250 |
Total expenses | 980 |  | 1,045 |  | 693 |  | 1,564 |  | 1,957 |  | 199 |  | 6,439 |  | 1,095 |  | 1,050 |  | 654 |  | 1,389 |  | 1,525 |  | 233 |  | 5,946 |
Result before taxation | 1,443 |  | 357 |  | 805 |  | 733 |  | 1,623 |  | -100 |  | 4,861 |  | 1,435 |  | 280 |  | 889 |  | 686 |  | 2,112 |  | -23 |  | 5,379 |
Taxation | 371 |  | 109 |  | 265 |  | 173 |  | 406 |  | 61 |  | 1,385 |  | 372 |  | 95 |  | 289 |  | 176 |  | 495 |  | 107 |  | 1,533 |
Non-controlling interests | 0 |  | 0 |  | 1 |  | 96 |  | 22 |  | 0 |  | 118 |  | 0 |  | 0 |  | 0 |  | 72 |  | 28 |  | 0 |  | 100 |
Net result IFRS-EU | 1,072 |  | 248 |  | 540 |  | 465 |  | 1,194 |  | -161 |  | 3,358 |  | 1,063 |  | 185 |  | 601 |  | 438 |  | 1,589 |  | -130 |  | 3,746 |
Reversal of the IFRS-EU 'IAS 39 carve out' impact |  |  |  |  | 1,099 |  |  | 1,099 |  |  |  |  |  | -540 |  |  | -540 |
Net result IFRS-IASB | 1,072 |  | 248 |  | 540 |  | 465 |  | 2,293 |  | -161 |  | 4,456 |  | 1,063 |  | 185 |  | 601 |  | 438 |  | 1,049 |  | -130 |  | 3,206 |
Summary of geographical segments banking |
Geographical split of the segments
| 1 January to 30 June | 1 January to 30 June
in EUR million | 2024 | 2023
| Nether-lands | Belgium | Germany | Other Challengers | Growth markets | Wholesale Banking Rest of World | Other | Total | Nether-lands | Belgium | Germany | Other Challengers | Growth markets | Wholesale Banking Rest of World | Other | Total
Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
– Net interest income | 1,572 |  | 1,327 |  | 1,609 |  | 1,085 |  | 1,168 |  | 785 |  | 109 |  | 7,655 |  | 2,077 |  | 1,343 |  | 1,667 |  | 1,061 |  | 922 |  | 734 |  | 268 |  | 8,073 |
– Net fee and commission income | 649 |  | 441 |  | 236 |  | 166 |  | 212 |  | 297 |  | -3 |  | 1,998 |  | 617 |  | 364 |  | 206 |  | 151 |  | 185 |  | 289 |  | -6 |  | 1,807 |
– Total investment and other income | 877 |  | 49 |  | -46 |  | 14 |  | 199 |  | 556 |  | -3 |  | 1,647 |  | 664 |  | 105 |  | -40 |  | 16 |  | 273 |  | 479 |  | -51 |  | 1,445 |
Total income | 3,099 |  | 1,817 |  | 1,799 |  | 1,265 |  | 1,579 |  | 1,637 |  | 103 |  | 11,300 |  | 3,359 |  | 1,813 |  | 1,832 |  | 1,228 |  | 1,380 |  | 1,502 |  | 211 |  | 11,325 |
Expenditure |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
– Operating expenses | 1,423 |  | 1,155 |  | 732 |  | 723 |  | 869 |  | 778 |  | 200 |  | 5,880 |  | 1,502 |  | 1,134 |  | 702 |  | 658 |  | 722 |  | 743 |  | 234 |  | 5,696 |
– Addition to loan loss provisions | -25 |  | 55 |  | 83 |  | 85 |  | 130 |  | 231 |  |  |  | 559 |  | -21 |  | 91 |  | -39 |  | 98 |  | 111 |  | 11 |  |  |  | 250 |
Total expenses | 1,398 |  | 1,210 |  | 815 |  | 809 |  | 998 |  | 1,009 |  | 200 |  | 6,439 |  | 1,481 |  | 1,225 |  | 662 |  | 755 |  | 834 |  | 755 |  | 234 |  | 5,946 |
Result before taxation | 1,701 |  | 608 |  | 984 |  | 456 |  | 581 |  | 628 |  | -97 |  | 4,861 |  | 1,878 |  | 588 |  | 1,170 |  | 472 |  | 546 |  | 748 |  | -23 |  | 5,379 |
Retail Banking | 1,443 |  | 357 |  | 805 |  | 282 |  | 451 |  |  |  |  |  | 3,338 |  | 1,435 |  | 280 |  | 889 |  | 334 |  | 351 |  |  |  |  |  | 3,290 |
Wholesale Banking | 258 |  | 251 |  | 179 |  | 174 |  | 130 |  | 628 |  | 3 |  | 1,623 |  | 442 |  | 308 |  | 280 |  | 138 |  | 195 |  | 748 |  | 1 |  | 2,112 |
Corporate Line |  |  |  |  |  |  |  |  |  |  |  |  | -100 |  | -100 |  |  |  |  |  |  |  |  |  |  |  |  |  | -23 |  | -23 |
Result before taxation | 1,701 |  | 608 |  | 984 |  | 456 |  | 581 |  | 628 |  | -97 |  | 4,861 |  | 1,878 |  | 588 |  | 1,170 |  | 472 |  | 546 |  | 748 |  | -23 |  | 5,379 |
Taxation | 451 |  | 180 |  | 321 |  | 141 |  | 109 |  | 132 |  | 52 |  | 1,385 |  | 453 |  | 179 |  | 381 |  | 123 |  | 115 |  | 188 |  | 94 |  | 1,533 |
Non-controlling interests |  |  |  |  | 1 |  |  |  | 118 |  |  |  |  |  | 118 |  |  |  |  |  |  |  |  |  | 100 |  |  |  |  |  | 100 |
Net result IFRS-EU | 1,250 |  | 428 |  | 663 |  | 315 |  | 354 |  | 497 |  | -149 |  | 3,358 |  | 1,425 |  | 408 |  | 789 |  | 350 |  | 331 |  | 560 |  | -117 |  | 3,746 |
Reversal of the IFRS-EU 'IAS 39 carve out' impact | 479 |  | 337 |  | 289 |  | 4 |  |  | -11 |  |  | 1,099 |  | -65 |  | -113 |  | -350 |  | -2 |  |  | -12 |  |  | -540 |
Net result IFRS-IASB | 1,730 |  | 764 |  | 952 |  | 320 |  | 354 |  | 486 |  | -149 |  | 4,456 |  | 1,360 |  | 296 |  | 439 |  | 348 |  | 331 |  | 548 |  | -117 |  | 3,206 |

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