XML 162 R105.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Condensed financial information of the parent company (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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 | 2024 | 2023 |  |  | 2024 | 2023
Assets |  |  |  | Equity |  |
Investments in group companies | 45,187 | 43,687 |  | Share capital | 31 | 35
Fixed assets | 45,187 | 43,687 |  | Share premium | 17,116 | 17,116
|  |  |  | Legal and statutory reserves | 78 | -773
Receivables from group companies 1 | 77,739 | 70,524 |  | Other reserves | 31,397 | 35,761
Other assets | 16 | 11 |  | Unappropriated result | 4,080 | 2,544
Current assets | 77,755 | 70,535 |  | Total equity | 52,703 | 54,684
|  |  |  | Liabilities |  |
|  |  |  | Subordinated loans | 18,522 | 16,330
|  |  |  | Debenture loans | 49,751 | 42,569
|  |  |  | Other non-current liabilities | 0 | 0
|  |  |  | Non-current liabilities | 68,273 | 58,899
|  |  |  | Amounts owed to group companies | 72 | 56
|  |  |  | Other liabilities | 1,893 | 584
|  |  |  | Current liabilities | 1,966 | 639
Total assets | 122,942 | 114,222 |  | Total equity and liabilities | 122,942 | 114,222
1 Receivables from Group companies include EUR 18,523 million subordinated loans provided by ING Groep N.V. to ING Bank N.V. (2023: EUR 16,330 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 | 2024 | 2023 | 2022
Staff expenses | 0 | 0 | 0
Other expenses | 8 | 7 | 9
Total expenses | 8 | 7 | 8
Interest and other financial income | 2,497 | 2,003 | 1,466
Valuation results | 0 | 0 | -1
Interest and other financial expenses | -2,217 | -1,828 | -1,450
Net interest and other financial income | 281 | 174 | 15
Result before tax | 273 | 167 | 7
Taxation | 70 | 43 | 2
Result after tax | 202 | 124 | 5
Result from (disposal of) group companies and participating interests after taxation | 5,132 | 4,016 | 12,121
Net result | 5,334 | 4,140 | 12,126
Parent company condensed statement of other comprehensive income | Parent company condensed statement of other comprehensive income for the years ended 31 December
in EUR million | 2024 | 2023 | 2022
Net result | 5,334 |  | 4,140 |  | 12,126 |
Other comprehensive income |  |  |
Items that will not be reclassified to the statement of profit or loss: |  |  |
Equity-accounted investees - share of OCI | 604 | -149 | 22
Items that may subsequently be reclassified to the statement of profit or loss: |  |  |
Equity-accounted investees - share of OCI | 706 | 926 | -2,250
Total other comprehensive income | 1,311 | 776 | -2,228
Total comprehensive income | 6,645 | 4,916 | 9,898
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 2023 | 35 | 17,116 | -773 | 35,761 | 2,544 | 54,684
Net results |  |  | 125 |  | 5,209 | 5,334
Amounts net of tax directly recognised in equity |  |  | 1,311 |  | 0 | 1,311
Total comprehensive income net of tax |  |  | 1,436 |  | 5,209 | 6,645
Dividends |  |  |  | -498 | -3,626 | -4,124
Share buyback programmes, commitment |  |  |  | -4,500 |  | -4,500
Share buyback programmes, cancellation of shares | -4 |  |  | 4 |  |
Employee share-based compensation plans |  |  |  | 2 |  | 2
Other changes in treasury shares |  |  |  | 2 |  | 2
Transfers |  |  | -585 | 631 | -47 |
Other changes |  |  |  | -5 |  | -5
Balance as at 31 December 2024 | 31 | 17,116 | 78 | 31,397 | 4,080 | 52,703
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 2022 | 37 |  | 17,116 |  | -986 |  | 29,002 |  | 11,331 |  | 56,500 |
Net results |  |  | 336 |  |  |  | 3,804 |  | 4,140 |
Amounts net of tax directly recognised in equity |  |  | 776 |  |  |  |  |  | 776 |
Total comprehensive income net of tax |  |  | 1,112 |  | 3,804 | 4,916
Dividends |  |  |  |  |  |  | -2,668 |  | -2,668 |
Share buyback programmes, commitment |  |  |  |  | -4,000 |  |  |  | -4,000 |
Share buyback programmes, cancellation of shares | -2 |  |  |  |  | 2 |  |  |  |  |
Employee share-based compensation plans |  |  |  |  | -7 |  |  |  | -7 |
Other changes in treasury shares |  |  |  |  | -7 |  |  |  | -7 |
Transfers |  |  | -899 |  | 10,823 |  | -9,923 |  |  |
Other changes |  |  |  |  | -50 |  |  |  | -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 |  | 28,892 |  | 4,957 |  | 52,066 |
Net results |  |  | 161 |  |  | 11,965 |  | 12,126 |
Amounts net of tax directly recognised in equity |  |  | -2,228 |  |  |  | -2,228 |
Total comprehensive income net of tax |  |  | -2,067 |  | 11,965 | 9,898
Dividends |  |  |  | -1,171 |  | -2,178 |  | -3,349 |
Share buyback programmes, commitment |  |  |  | -1,583 |  |  | -1,583 |
Share buyback programmes, cancellation of shares | -2 |  |  |  | 2 |  |  |  |
Employee share-based compensation plans |  | 12 |  |  | 15 |  |  | 27 |
Other changes in treasury shares |  |  |  | 4 |  |  | 4 |
Transfers |  |  | 8 |  | 3,405 |  | -3,412 |  |  |
Other changes |  |  |  | -562 |  |  | -562 |
Balance as at 31 December 2022 | 37 |  | 17,116 |  | -986 |  | 29,002 |  | 11,331 |  | 56,500 |
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 |  | 2024 | 2023 | 2022 |  |  |  | 2024 | 2023 | 2022
Cash flows from operating activities |  |  |  |  | Cash flows from financing activities |  |  |
Result before tax |  | 273 |  | 167 |  | 7 |  |  | Proceeds from debt securities | 9,480 |  | 6,012 |  | 11,176 |
Adjusted for: | – non-cash items in Result before tax | 232 |  | 221 |  | 213 |  |  | Repayments of debt securities | -3,695 |  | -4,591 |  | -4,302 |
Taxation paid |  | 0 |  | 0 |  | 16 |  |  | Proceeds from issuance of subordinated loans | 4,492 |  | 2,240 |  | 993 |
Changes in: | – Net change in Loans and advances to/from banks, not available/payable on demand | -5,899 |  | -6,485 |  | -8,191 |  |  | Repayments of subordinated loans | -2,944 |  | -2,132 |  | -1,090 |
| – Other | -66 |  | 19 |  | -84 |  |  | Purchase of treasury shares (share buyback programme) | -3,817 |  | -3,524 |  | -1,721 |
Net cash flow from/(used in) operating activities | -5,461 |  | -6,079 |  | -8,040 |  |  | Dividends paid | -3,626 |  | -2,964 |  | -3,052 |
|  |  |  |  | Other financing |  |  |  |  |  |
Cash flows from investing activities |  |  |  |  | Net cash flow from/(used in) financing activities | -109 |  | -4,959 |  | 2,004 |
Disposals and redemptions: | – dividends received from group companies | 4,986 |  | 10,269 |  | 6,277 |  |  |  |  |  |
| – securities at amortised cost |  |  | 1,000 |  |  |  |  | Net cash flow | -583 |  | 231 |  | 241 |
Net cash flow from/(used in) investing activities | 4,986 |  | 11,269 |  | 6,277 |  |  |  |  |  |
|  |  |  |  |  | Cash and cash equivalents at beginning of year | 614 |  | 383 |  | 142 |
|  |  |  |  | Effect of exchange rate changes on cash and cash equivalents | 0 |  | 0 |  | 0 |
|  |  |  |  |  | Cash and cash equivalents at end of year | 31 |  | 614 |  | 383 |
Five-year schedule of maturities of debt |
| Subordinated loans | Debenture loans
in EUR million | 2024 | 2023 | 2024 | 2023
Less than 1 year |  |  |  | 1,010 |  | 1,474 |
1 to 2 years |  |  |  | 8,053 |  | 3,250 |
2 to 3 years |  |  |  | 7,401 |  | 7,616 |
3 to 4 years |  |  |  | 7,523 |  | 7,049 |
4 to 5 years |  |  |  | 6,220 |  | 7,306 |
Longer than 5 years | 10,035 |  | 9,317 |  | 19,544 |  | 15,875 |
Maturity not applicable | 8,487 |  | 7,014 |  |  |
| 18,522 |  | 16,330 |  | 49,751 |  | 42,569 |

X
- Definition The disclosure of a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. [Refer: Derivative financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 39 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_39_a&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC + Details
Name: | srt_CondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC + Details
Name: | srt_ScheduleOfCondensedFinancialStatementsTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration