XML 81 R24.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Provisions | 12 Months Ended
--- | ---
Dec. 31, 2024
Disclosure of other provisions [abstract] |
Provisions | 15 Provisions
Provisions by type
in EUR million | 2024 | 2023
Reorganisation provisions | 201 |  | 231 |
Litigation provisions | 288 |  | 193 |
Other provisions | 139 |  | 355 |
| 628 |  | 779 |
Loan loss provisions for guarantees | 146 |  | 142 |
| 774 |  | 920 |
Changes in provisions
| Reorganisation | Litigation | Other provisions | Total
in EUR million | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023
Opening balance as at 1 January | 231 |  | 418 |  | 193 |  | 150 |  | 355 |  | 455 |  | 779 |  | 1,022 |
Additions 1 | 146 |  | 207 |  | 116 |  | 78 |  | 26 |  | 39 |  | 288 |  | 325 |
Interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Releases 1 | -4 |  | -34 |  | -15 |  | -26 |  | -46 |  | -22 |  | -64 |  | -82 |
Utilised | -163 |  | -356 |  | -31 |  | -23 |  | -196 |  | -11 |  | -390 |  | -389 |
Exchange rate differences |  |  | -1 |  | 1 |  | 1 |  | -1 |  | -3 |  |  |  | -4 |
Other changes | -10 |  | -3 |  | 25 |  | 13 |  | 1 |  | -104 |  | 16 |  | -94 |
Closing balance | 201 |  | 231 |  | 288 |  | 193 |  | 139 |  | 355 |  | 628 |  | 779 |
1 Additions to provisions and unused amounts released are presented in Note 26 'Other operating expenses' in the Statement of Profit or Loss. As at 31 December 2024, amounts expected to be settled within 12 months in provisions amount to EUR 574 million (2023: EUR 720 million). The amounts included are based on best estimates with regard to amounts and timing of cash flows required to settle the obligation. Reorganisation provisions The additions in 2024 mainly relate to restructuring activities in Belgium, the Netherlands, and at head office. In 2023, the additions to the reorganisation provisions mainly relate to restructuring activities in Belgium, Poland, and the Netherlands. These initiatives are implemented over a period of several years and the estimate of the reorganisation provisions is inherently uncertain. Litigation provisions Reference is made to Note 41 'Legal proceedings' for developments in litigation provisions. Other provisions In 2024, the utilisations in the Other provisions mainly relate to the provision for the compensation of Dutch retail customers for past interest charges that did not sufficiently track market rates. This provision of EUR 180 million was recognized in 2021 and subsequently had been increased by EUR 75 million in 2023. In 2023, ING Group voluntarily changed its accounting policy for non-financial guarantees that are subject to contractual indemnification rights from IAS 37 principles to loan commitment accounting under IFRS 9. The change from IAS 37 to IFRS 9 resulted in derecognition of the existing IAS 37 provision of EUR 109 million as per 1 January 2023 and recognition of a provision for expected credit losses of EUR 151 million for non-financial guarantees as per 1 January 2023 (EUR 42 million pre-tax impact on Equity at the beginning of 2023). This change is included in Other changes in the movement table. For details and changes on loan loss provisioning, refer to ‘Risk management – Credit risk’ paragraph 'Loan loss provisioning'.

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

X
- Definition The disclosure of provisions. [Refer: Provisions] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfProvisionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration