v3.25.2
Subordinated loans
6 Months Ended
Jun. 30, 2025
Subordinated liabilities [abstract]  
Subordinated loans
10 Subordinated loans
Changes in subordinated loans
in EUR million30 June 202531 December 2024
Opening balance as at 1 January17,878  15,401  
Additions1,232  4,603  
Redemptions / Disposals-1,818  -2,931  
Amortisation11  28  
Other-7  24  
Changes in unrealised revaluations270  188  
Foreign exchange movement-1,000  565  
Closing balance16,566  17,878  
Subordinated loans are bonds issued by ING Groep N.V. and its subsidiaries to raise Tier 1 and Tier 2 (CRR- eligible) capital. Under IFRS these securities are classified as liabilities, and for regulatory purposes they are considered as capital.
In 2025 ING Groep N.V. issued EUR 1.25 billion 4.13% Fixed Rate Subordinated Green Tier 2 Notes in May.

In 2025 ING Groep N.V. redeemed EUR 750 million 2.00% Fixed Subordinated Tier 2 notes in March and USD 1.25 billion 6.50% Perpetual AT1 Contingent Convertible Capital Securities in April.