Ing Groep N.v. · EURONEXT:INGA
Ing Groep — Q2 2026 Earnings Presentation
31 slides from Ing Groep's earnings presentation, Jul 30, 2026
Slide 1: 2Q2026 Accelerated growth in customer base and customer balances
2Q2026 Accelerated growth in customer base and customer balances 30 July 2026
Slide 2: Strong customer activity drives profitability
Strong customer activity drives profitability Commercial growth Positive operating jaws Four-quarter rolling, YoY +5.1% Mobile primary +377,000 39% of our 41 mln customers customers +1,055,000 YoY are mobile primary1) +3.1pp +2.0% €15.2 bln 8.1% annualised net core Lending lending growth in 2Q2026 g
Slide 3: Our 'Growing the difference' strategy is delivering accelerated growth
Our ‘Growing the difference’ strategy is delivering accelerated growth Accelerated growth and diversification post-CMD June 2024 Customer Customer lending deposits CAGRs • Capital deployed into profitable • Continuously increasing book, pre- / post-CMD organic growth, supporting priced at attractive
Slide 4: Consistent execution of our strategy continues to drive value
Consistent execution of our strategy continues to drive value Private individuals Business Banking Private Banking Wholesale Banking Accelerating growth Deploying our high Building a third pillar Diversifying income and delivering value return model in based on strong and increasing other countries
Slide 5: Disciplined RWA management enhances our return profile
Disciplined RWA management enhances our return profile Effective capital management Capital optimisation in Wholesale Banking Rebalancing the return profile Customer lending and RWA growth RWA growth (YoY, in € bln) RWA share in total (excl. Corporate Line) (YoY, in € bln and %) 9.6% 1.8% 67.0 50% +
Slide 6: Increasing profitability and continued buybacks accelerate EPS accretion
Increasing profitability and continued buybacks accelerate EPS accretion Increasing profitability (in € mln and %) Shares outstanding (in mln) EPS accretion (in €) Net result and ROTE (four-quarter rolling) Earnings per share (four-quarter rolling) 14.5% +16% 13.9% 13.6% 2.30 13.0% 12.9% 6,701 2,981
Slide 7: Continued attractive shareholder return
Continued attractive shareholder return Distributions (in € mln) Share price and distributions per share (in €) As distributed in the respective quarter 30.0 27.7 8.00 3,368 24.0 7.00 25.0 22.1 22.1 2,567 6.00 18.6 22.9 5.00 2,152 1,964 20.0 21.0 4.00 19.6 2,125 15.0 16.8 18.0 3.00 1,039 1,115 734 2
Slide 8: Outlook for 2026 and 2027
Outlook for 2026 and 2027 8
Slide 9: Upgraded outlook for 2026 and 2027
Upgraded outlook for 2026 and 2027 Outlook 2026 Outlook 2027 Previous Upgraded Previous Upgraded Mobile primary customers +1 mln per annum +1 mln per annum Fee income +5-10% growth ~€5.0 bln >€5 bln €5.3-€5.5 bln Total income ~€24 bln >€24.5 bln >€25 bln >€26 bln Operating expenses €12.6-€12.8 bln1)
Slide 10: 2Q2026 results
2Q2026 results 10
Slide 11: Total income supported by strong growth in commercial NII and fees
Total income supported by strong growth in commercial NII and fees Commercial NII (in € mln) Fee income (in € mln) All other income (in € mln) Total income (in € mln) +10.7% +13.9% +3.0% +10.2% 6,284 4,060 4,174 5,702 5,898 5,797 5,823 3,772 3,823 3,928 1,221 1,236 1,278 1,122 1,165 910 833 809 649
Slide 12: Continued growth in customer balances
Continued growth in customer balances Customer lending (in € bln) Strong growth in customer lending • €12.1 bln growth in Retail Banking, as Net core lending growth €15.2 bln demand for mortgages remained 3.0 solid, alongside growth in both 7.1 0.9 4.2 2.4 761.6 business and consumer lending 744.0 •
Slide 13: Higher commercial NII supported by volume growth
Higher commercial NII supported by volume growth Breakdown commercial NII (in € mln) Average customer balances (in € bln)1) Development of margins (in bps) +10.7% +6.8% 4,060 4,174 223 222 223 226 226 3,772 3,823 3,928 1,892 686 689 710 1,704 1,795 680 678 1,659 1,674 125 125 126 126 124 98 99 99 10
Slide 14: Continued momentum of rising fee income
Continued momentum of rising fee income Fee income per product category (in € mln) Structural growth • Retail Banking fees grew 16% YoY +14% across markets 1,221 1,236 1,278 • +1.1 mln mobile primary customers 1,122 1,165 73 65 52 78 66 68 74 79 92 69 377 • +5% in number of Business Banking 290 310
Slide 15: All other income reflects reduced market volatility
All other income reflects reduced market volatility All other income (in € mln) • Strong recovery in hedge ineffectiveness results, which had negatively impacted the previous 809 910 quarter 54 833 91 56 • Financial Markets recorded stronger 106 21 59 trading income QoQ, supported by 22 649 91 4 28
Slide 16: Higher expenses mainly reflecting seasonal effects
Higher expenses mainly reflecting seasonal effects Expenses (in € mln) Regulatory costs (in € mln) Incidental items (in € mln) Excluding regulatory costs and incidental items +4.2% 2,841 2,872 2,872 2,865 2,961 361 324 116 104 73 78 67 78 46 30 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 2Q2025 3Q2025 4Q2025
Slide 17: Risk costs remained well below the through-the-cycle average
Risk costs remained well below the through-the-cycle average Risk costs per business line (in € mln) Stage 2 ratio Stage 3 ratio Totals including Corporate Line 1.7% 8.6% 8.6% 1.7% 1.7% 17 19 20 19 15 8.3% 1.6% 8.3% 8.3% 8.1% 8.2% 1.6% 8.1% 365 8.0% 1.6% 1.5% 326 346 1.5% 1.6% 299 8.2% 1.5% 62 279 7
Slide 18: CET1 ratio increased to 13.1%, supported by capital optimisation
CET1 ratio increased to 13.1%, supported by capital optimisation CET1 capital ratio development (in %) +0.6% +0.0% +0.1% 13.1% ~13% 13.0% 12.9% -0.1% -0.6% 11.1% 1Q2026 Ongoing share Pro forma Net result Reserved profits Other capital RWA 2Q2026 Basel IV CET1 buyback 1Q2026 (100%) movements movement
Slide 19: Concluding remarks
Concluding remarks 19
Slide 20: Concluding remarks
Concluding remarks • Consistent execution of our ‘Growing the difference’ strategy with strong progress across all segments • Accelerated growth and income diversification, supporting positive operating jaws • Ahead of plan in allocating capital to higher return segments, enhancing the Group's overa
Slide 21: Q&A
Q&A 21
Slide 22: Appendix
Appendix 22
Slide 23: 2Q2026 results overview
2Q2026 results overview 2Q2026 results overview (in € mln) Reported P&L Volatile items P&L excluding volatile items Commercial NII 4,174 0 4,174 Fee income 1,278 1 1,277 All other income 833 88 745 Total income 6,284 88 6,195 Expenses excl. regulatory costs 3,008 46 2,961 Regulatory costs 78 0 78 Op
Slide 24: Volatile income and expense items
Volatile income and expense items Volatile items (in € mln) 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 WB/FM – valuation adjustments -26 22 -4 30 -25 Capital gains/losses -14 5 13 5 15 Hedge ineffectiveness1) -49 21 12 -81 91 Other items income2) -21 30 54 -25 8 Total volatile items – income -110 77 75 -71
Slide 25: Retail Banking countries contributing to strong returns
Retail Banking countries contributing to strong returns Retail Banking Total Netherlands Belgium1) Germany Spain Italy Australia Poland Romania Türkiye Scale (2Q2026) Customers (mln) 41.2 7.8 2.4 9.5 4.7 1.4 2.8 4.6 1.9 6.0 o.w. primary (mln) 17.4 5.0 1.2 3.4 1.9 0.6 1.2 2.4 1.1 0.6 o.w. mobile prim
Slide 26: Short-to-medium term liability margin outlook remained relatively stable
Short-to-medium term liability margin outlook remained relatively stable Replicating income on Retail eurozone 3-month EURIBOR forward curves customer deposits Total liability margin Implied interest rates, end-of-period, in bps Interest income in € bln1) Average liability margin in bps1) 13.8 400 1
Slide 27: Granular deposit base
Granular deposit base Total customer deposits per segment (in € bln) • Highly insured, granular and growing Total includes Corporate Line customer deposits represent a strong funding base 738 736 721 753 773 42 40 39 43 • ~70% of total deposits is from 76 82 80 15 83 83 private individuals, of which
Slide 28: Additions to loan loss provisions per Stage
Additions to loan loss provisions per Stage Stage 1 provisioning (in € mln) Stage 2 provisioning (in € mln) Stage 3 provisioning (in € mln) Total includes Corporate Line Including modifications; total includes Corporate Line 389 52 361 19 26 31 19 297 15 9 270 7 18 44 143 216 19 1 33 19 221 78 17 12
Slide 29: Well-diversified lending credit outstandings by activity
Well-diversified lending credit outstandings1) by activity ING Group Retail Banking Wholesale Banking 6% 6% 12% 24% 34% 18% 4% 21% €880 bln €577 bln €577 bln €299 bln 11% 10% 5% 26% 58% 66% 67% 8% 5% 18% Retail Banking Residential mortgages Mortgages Netherlands Lending Wholesale Banking Consumer le
Slide 30: Wholesale Banking lending credit outstandings
Wholesale Banking lending credit outstandings1) Diversification across geographies Diversification across sectors 1% 9% Netherlands 4% 7% Real Estate, Infra & Construction 19% BeLux Commodities, Food & Agri 10% 11% Germany 32% TMT & Healthcare 2% Spain, Italy, Poland, Romania Transportation & Logist
Slide 31: Important legal information
Important legal information ING Group’s financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principl