Balance Sheet ING Groep N.V.

Equities

INGA

NL0011821202

Banks

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16.29 ^EUR	+0.77%		+0.34%	+20.48%

09-04	Study: Interest rates boost Europe's banks - German institutions weaken	DP
09-03	ING: share buy-backs sharply curbed	CF

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Published financial data: ING GROEP N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	25.35B	20.85B	18.64B	24.44B	44.66B
Interest Income On Investments	3.11B	1.84B	2.47B	3.93B	7.74B
Interest Income, Total	28.45B	22.7B	21.11B	28.37B	52.4B
Interest On Deposits	11.29B	7.49B	5.53B	10.02B	28.51B
Total Interest On Borrowings	3.08B	1.6B	1.97B	3.76B	7.73B
Interest Expense, Total	14.38B	9.09B	7.5B	13.78B	36.24B
Net Interest Income	14.08B	13.6B	13.61B	14.59B	16.16B
Income From Trading Activities	-	-	-	-	-
Gain (Loss) on Sale of Assets	117M	-3M	-29M	6M	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	46M	-2M	42M	-165M	-13M
Income (Loss) on Equity Invest. (Income Block)	48M	66M	141M	92M	149M
Total Other Non Interest Income	4.02B	4.03B	4.65B	16.23B	2.07B
Non Interest Income, Total	4.23B	4.09B	4.8B	16.16B	2.2B
Revenues Before Provison For Loan Losses	18.31B	17.69B	18.42B	30.75B	18.36B
Provision For Loan Losses	1.12B	2.68B	516M	1.33B	738M
Total Revenues	17.19B	15.02B	17.9B	29.42B	17.63B
Salaries And Other Employee Benefits	5.71B	5.79B	5.91B	6.13B	6.69B
Amort. of Goodwill & Intang. Assets	-	-	-	-	-
Selling General & Admin Expenses, Total	432M	354M	336M	357M	400M
Total Other Non Interest Expense	4.14B	4.28B	4.57B	4.42B	4.21B
Non Interest Expense, Total	10.29B	10.42B	10.82B	10.9B	11.3B
EBT, Excl. Unusual Items	6.9B	4.6B	7.08B	18.52B	6.33B
Restructuring Charges	-6M	-149M	-214M	-170M	-173M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-310M	-	-32M	-
Asset Writedown	-59M	-248M	-121M	-47M	-38M
Legal Settlements	-	-21M	-39M	-51M	-52M
Other Unusual Items	-	-58.67M	70.92M	-867M	-26.73M
EBT, Incl. Unusual Items	6.84B	3.81B	6.78B	17.36B	6.04B
Income Tax Expense	1.96B	1.25B	1.88B	5.13B	1.66B
Earnings From Continuing Operations	4.88B	2.56B	4.9B	12.23B	4.38B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	4.88B	2.56B	4.9B	12.23B	4.38B
Minority Interest	-99M	-78M	-128M	-102M	-235M
Net Income - (IS)	4.78B	2.48B	4.78B	12.13B	4.14B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	4.78B	2.48B	4.78B	12.13B	4.14B
Net Income to Common Excl. Extra Items	4.78B	2.48B	4.78B	12.13B	4.14B
Per Share Items
Net EPS - Basic	1.23	0.64	1.23	3.35	1.16
Basic EPS - Continuing Operations	1.23	0.64	1.23	3.35	1.16
Basic Weighted Average Shares Outstanding	3.89B	3.9B	3.89B	3.62B	3.56B
Net EPS - Diluted	1.23	0.64	1.23	3.35	1.16
Diluted EPS - Continuing Operations	1.23	0.64	1.23	3.35	1.16
Diluted Weighted Average Shares Outstanding	3.9B	3.9B	3.89B	3.62B	3.57B
Normalized Basic EPS	1.08	0.72	1.11	3.17	1.04
Normalized Diluted EPS	1.08	0.72	1.11	3.17	1.04
Dividend Per Share	0.24	0.12	0.89	0.56	1.11
Payout Ratio	55.43	-	49.04	25.51	71.67
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	28.6	32.71	27.68	29.55	27.53
Current Domestic Taxes	488M	355M	459M	498M	601M
Current Foreign Taxes	1.48B	1.02B	1.45B	1.51B	2.12B
Total Current Taxes	1.97B	1.37B	1.91B	2.01B	2.72B
Deferred Domestic Taxes	42M	64M	47M	901M	-141M
Deferred Foreign Taxes	-57M	-189M	-78M	2.22B	-918M
Total Deferred Taxes	-15M	-125M	-31M	3.12B	-1.06B
Normalized Net Income	4.21B	2.79B	4.3B	11.48B	3.72B
Non-Cash Pension Expense	-4M	-4M	-6M	-7M	-22M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	41M	19M	31M	26M	31M
Total Stock-Based Compensation	41M	19M	31M	26M	31M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	11.33B	11.12B	9.83B	15.63B	9.52B
Investment Securities, Total	135B	145B	135B	142B	155B
Trading Asset Securities, Total	43.69B	47.18B	47.29B	54.42B	59.63B
Mortgage Backed Securities	-	-	-	-	-
Total investments	179B	192B	183B	196B	214B
Gross Loans	643B	620B	649B	672B	662B
Allowance For Loan Losses	-4.6B	-5.8B	-5.3B	-6.02B	-5.65B
Other Adjustments to Gross Loans	-580M	-508M	-525M	-792M	-1.04B
Net Loans	637B	614B	643B	665B	656B
Gross Property Plant And Equipment	6.77B	6.65B	6.4B	6.38B	6.04B
Accumulated Depreciation	-3.6B	-3.81B	-3.89B	-3.93B	-3.64B
Net Property Plant And Equipment	3.17B	2.84B	2.52B	2.45B	2.4B
Goodwill	907M	533M	472M	464M	469M
Other Intangibles, Total	1.01B	861M	684M	638M	729M
Investment in Real Estate	46M	20M	26M	18M	14M
Accrued Interest Receivable	783M	781M	798M	917M	523M
Other Receivables	251M	419M	549M	349M	311M
Restricted Cash	51.18B	109B	105B	85.93B	88.63B
Other Current Assets, Total	2.93B	2.29B	2.48B	5.22B	4.34B
Deferred Tax Assets Long-Term (Collected)	730M	773M	957M	1.42B	1.08B
Other Real Estate Owned And Foreclosed	-	-	-	-	-
Other Long-Term Assets, Total	3.26B	2.8B	2.7B	2.69B	2.24B
Total Assets	892B	937B	951B	977B	980B
Liabilities
Accrued Expenses, Total	968M	925M	1.02B	998M	1.36B
Interest Bearing Deposits	565B	621B	672B	670B	648B
Non-Interest Bearing Deposits	43.99B	67.21B	30.39B	26.96B	25.73B
Total Deposits	609B	688B	702B	697B	674B
Short-Term Borrowings	62.03B	68.54B	55.25B	77.05B	70.88B
Current Portion of Long-Term Debt	51.81B	27.01B	37.95B	37.22B	49.13B
Current Portion of Leases	16M	225M	217M	232M	237M
Long-Term Debt	91.61B	77.39B	76.85B	81.1B	99.71B
Long-Term Leases	1.49B	1.12B	1B	941M	925M
Trust Preferred Securities (BS)	-	-	-	-	-
Current Income Taxes Payable	554M	342M	271M	325M	396M
Accrued Interest Payable	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	6.86B	7.11B	9B	9.06B	14.81B
Pension & Other Post Retirement Benefits	567M	433M	299M	168M	194M
Deferred Tax Liability Non-Current	695M	584M	603M	2.65B	1.45B
Other Non Current Liabilities	11.22B	10.19B	11.78B	12.66B	12.05B
Total Liabilities	837B	882B	897B	920B	925B
Common Stock, Total	39M	39M	39M	37M	35M
Additional Paid In Capital	17.08B	17.09B	17.1B	17.12B	17.12B
Retained Earnings	32.66B	35.18B	37.32B	41.54B	40.3B
Treasury Stock	-10M	-4M	-	-1.2B	-1.99B
Comprehensive Income and Other	4B	2.33B	-543M	-987M	-772M
Total Common Equity	53.77B	54.64B	53.92B	56.5B	54.68B
Minority Interest	893M	1.02B	736M	504M	944M
Total Equity	54.66B	55.66B	54.66B	57B	55.63B
Total Liabilities And Equity	892B	937B	951B	977B	980B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.9B	3.9B	3.78B	3.62B	3.34B
ECS Total Common Shares Outstanding	3.9B	3.9B	3.78B	3.62B	3.34B
Book Value / Share	13.8	14.01	14.28	15.61	16.35
Tangible Book Value	51.85B	53.24B	52.76B	55.4B	53.49B
Tangible Book Value Per Share	13.31	13.65	13.97	15.31	16
Average Assets	-	-	-	1,035B	1,027B
Average Loans	-	-	-	655B	646B
Total Debt	207B	174B	171B	197B	221B
Deposits at Interest - Cash	52.01B	110B	106B	93.71B	91.43B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-226M	-375M	-556M	-477M	-391M
Net Debt	101B	62.68B	66.23B	72.3B	93.38B
Equity Method Investments, Total	1.79B	1.48B	1.59B	1.5B	1.51B
Full Time Employees	50.88K	53.36K	57K	57.57K	60K
Part Time Employees	5.31K	5.2K	-	-	-
Assets on Operating Lease - Gross	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.78B	2.48B	4.78B	12.13B	4.14B
Depreciation, Depletion & Amortization	552M	578M	573M	485M	461M
Amortization of Goodwill and Intangible Assets - (CF)	2M	2M	1M	-	-
Total Depreciation, Depletion & Amortization	554M	580M	574M	485M	461M
Amortization of Deferred Charges, Total	235M	249M	260M	226M	213M
Total Asset Writedown	-	-	-	-	1.81B
Provision for Credit Losses	1.12B	2.68B	516M	1.86B	520M
Change in Trading Asset Securities	23.94B	-5.43B	-282M	-9.59B	-10.5B
Change in Other Net Operating Assets (Collected)	-32.78B	17.05B	-40.11B	-11.73B	15.86B
Other Operating Activities	-260M	850M	547M	-2.57B	-543M
Cash from Operations	-2.41B	18.46B	-33.72B	-9.19B	11.95B
Capital Expenditure	-355M	-287M	-184M	-231M	-246M
Sale of Property, Plant, and Equipment	81M	75M	39M	83M	57M
Cash Acquisitions	-17M	-	-	-	-
Divestitures	-	-3M	27M	7M	-
Sale (Purchase) of Real Estate Properties (Collected)	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-2.95B	-8.27B	6.34B	-5.17B	-8.36B
Net (Increase) Decrease in Loans Originated / Sold - Investing	744M	-	-	-	-
Other Investing Activities, Total	-	-2M	-1M	-	1M
Cash from Investing	-2.5B	-8.49B	6.22B	-5.31B	-8.54B
Long-Term Debt Issued, Total	94.22B	67.47B	88.28B	93.69B	119B
Total Debt Issued	94.22B	67.47B	88.28B	93.69B	119B
Long-Term Debt Repaid, Total	-95.7B	-102B	-78.9B	-84.23B	-93.76B
Total Debt Repaid	-95.7B	-102B	-78.9B	-84.23B	-93.76B
Issuance of Common Stock	1M	5M	-	-	-
Repurchase of Common Stock	-	-	-1.61B	-1.72B	-3.53B
Common Dividends Paid	-2.65B	-	-2.34B	-3.09B	-2.97B
Common & Preferred Stock Dividends Paid	-2.65B	-	-2.34B	-3.09B	-2.97B
Net Increase (Decrease) in Deposit Accounts - (CF)	15.47B	82.78B	18.78B	-1.92B	-23.29B
Other Financing Activities, Total	-26M	-3M	-39M	-1M	-
Cash from Financing	11.31B	47.99B	24.16B	2.73B	-4.89B
Foreign Exchange Rate Adjustments	95M	-425M	-565M	-504M	-898M
Miscellaneous Cash Flow Adjustments	1M	-	-	-	-
Net Change in Cash	6.5B	57.54B	-3.9B	-12.27B	-2.38B
Supplemental Items
Cash Interest Paid	14.55B	9.67B	8.7B	14.19B	33.73B
Cash Income Tax Paid (Refund)	2.34B	1.73B	1.87B	1.47B	2.7B
Net Debt Issued / Repaid	-1.48B	-34.8B	9.38B	9.46B	24.9B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.55	0.28	0.52	1.27	0.45
Return On Equity %	9.17	4.65	8.89	22.27	7.77
Return on Common Equity	9.13	4.58	8.8	22.34	7.45
Shareholders Value Added	-1.5B	-3.92B	-1.6B	5.72B	-2.42B
Margin Analysis
SG&A Margin	35.76	40.93	34.89	22.03	40.24
Net Interest Income / Total Revenues %	81.92	90.58	76.05	49.59	91.69
EBT Excl. Non-Recurring Items Margin %	40.15	30.6	39.57	62.96	35.89
Income From Continuing Operations Margin %	28.39	17.07	27.4	41.56	24.82
Net Income Margin %	27.82	16.55	26.68	41.21	23.49
Net Avail. For Common Margin %	27.82	16.55	26.68	41.21	23.49
Normalized Net Income Margin	24.52	18.61	24.02	39	21.1
Asset quality
Nonperforming Loans / Total Loans %	1.79	2.18	1.85	1.74	1.76
Nonperforming Loans / Total Assets %	1.29	1.44	1.26	1.2	1.19
Nonperforming Assets / Total Assets %	1.3	1.45	1.27	1.2	1.19
NPAs / Loans and OREO	1.8	2.19	1.86	1.75	1.76
NPAs / Equity	21.18	24.38	22.09	20.57	21.01
Allowance for Credit Losses / Net Charge-offs %	471.21	499.74	654.64	568.56	543.37
Allowance for Credit Losses / Nonperforming Loans %	40.07	42.99	44.06	51.5	48.49
Allowance for Credit Losses / Total Loans %	0.72	0.94	0.82	0.9	0.85
Net Charge-offs / Total Average Loans %