v3.26.1
Risk management (Tables)
 6 Months Ended
Jun. 30, 2026
Risk Management [Abstract]  
Gross carrying amount per IFRS 9 stage and rating class
Gross carrying amount per IFRS 9 stage and rating class (*)1
in EUR million
12-month ECL  (Stage 1)
Lifetime ECL not credit impaired (Stage 2)
Lifetime ECL credit impaired (Stage 3)
Total
Rating class
Gross carrying amount
Provisions
Gross carrying amount
Provisions
Gross carrying amount
Provisions
Gross carrying amount
Provisions
30 June
2026
31 December
2025
30 June
2026
31 December
2025
30 June
2026
31 December
2025
30 June
2026
31 December
2025
30 June
2026
31 December
2025
30 June
2026
31 December
2025
30 June
2026
31 December
2025
30 June
2026
31 December
2025
Investment grade
1 (AAA)
97,210
79,938
2
2
580
126
97,790
80,064
2
2
2-4 (AA)
147,104
146,878
12
11
1,310
1,437
1
1
148,414
148,315
13
13
5-7 (A)
332,702
299,699
47
39
8,561
5,394
8
6
341,263
305,093
54
45
8-10 (BBB)
345,826
334,845
85
77
22,779
19,168
53
43
368,606
354,012
138
119
Non-investment
grade
11-13 (BB)
158,122
156,373
170
165
18,793
17,217
99
89
176,915
173,589
268
254
14-16 (B)
28,251
26,187
141
147
23,844
22,668
404
357
52,095
48,855
545
504
17 (CCC)
503
412
5
5
4,427
4,682
232
224
4,929
5,094
237
228
Performing
Restructuring
18 (CC)
3,802
4,349
206
262
3,802
4,349
206
262
19 (C)
1,918
2,447
183
198
1,918
2,447
183
198
Non-performing
loans
20-22 (D)
14,207
13,590
4,568
4,476
14,207
13,590
4,568
4,476
Total
1,109,717
1,044,332
462
446
86,015
77,487
1,184
1,179
14,207
13,590
4,568
4,476
1,209,939
1,135,409
6,214
6,101
1Stage 3 lifetime credit impaired provision includes €25 million (31 December 2025: €29 million) on purchased or originated credit impaired.
Changes in loan loss provisions and gross carrying amounts
Changes in gross carrying amounts and loan loss provisions (*)1, 2
in EUR million
12-month ECL 
(Stage 1)
Lifetime ECL not
credit impaired
(Stage 2)
Lifetime ECL credit
impaired (Stage 3)
Total
12-month ECL     
(Stage 1)
Lifetime ECL not
credit impaired
(Stage 2)
Lifetime ECL credit
impaired (Stage 3)
Total
Gross
carrying
amount
Provisions
Gross
carrying
amount
Provisions
Gross
carrying
amount
Provisions
Gross
carrying
amount
Provisions
Gross
carrying
amount
Provisions
Gross
carrying
amount
Provisions
Gross
carrying
amount
Provisions
Gross
carrying
amount
Provisions
30 June 2026
31 December 2025
Opening balance as at 1 January
1,044,332
446
77,487
1,179
13,590
4,476
1,135,409
6,101
954,943
409
79,888
1,130
13,742
4,509
1,048,574
6,049
Transfer into 12-month ECL (Stage 1)
14,038
18
-13,947
-141
-91
-12
-135
21,773
21
-21,555
-199
-218
-35
-212
Transfer into lifetime ECL not credit impaired (Stage 2)
-33,493
-39
34,234
353
-741
-61
253
-37,208
-50
38,174
533
-966
-115
368
Transfer into lifetime ECL credit impaired (Stage 3)
-1,072
-6
-2,247
-175
3,319
754
572
-2,534
-14
-2,172
-138
4,705
1,259
1,108
Net remeasurement of loan loss provisions
13
62
137
212
7
-53
349
302
New financial assets originated or purchased
150,628
110
1
150,628
111
263,371
189
22
2
263,393
191
Financial assets that have been derecognised
-75,360
-43
-6,342
-79
-862
-260
-82,564
-382
-119,098
-78
-12,295
-147
-1,422
-240
-132,814
-465
Net drawdowns and repayments
11,160
-3,143
-274
7,743
-57,493
-5,739
-853
-64,085
Changes in models/risk parameters
-14
-3
10
-7
-33
71
-35
3
Increase in loan loss provisions
39
16
569
624
43
68
1,185
1,296
Write-offs
-414
-408
-414
-408
-937
-937
-937
-937
Disposals
-510
-28
-2
-320
-145
-858
-147
-666
-3
-84
-3
-564
-286
-1,314
-291
Recoveries of amounts previously written off
29
29
58
58
Foreign exchange and other movements
-6
-23
1
-9
47
-5
16
21,242
-4
1,269
-16
80
-53
22,591
-73
Closing balance
1,109,717
462
86,015
1,184
14,207
4,568
1,209,939
6,214
1,044,332
446
77,487
1,179
13,590
4,476
1,135,409
6,101
1 Stage 3 lifetime credit impaired provision includes €25 million (31 December 2025:€29 million) on purchased or originated credit impaired.
2 The addition to the loan provision (in the consolidated statement of profit or loss) amounts to €625 million (31 December 2025: €1,304 million) of which €628 million (31 December 2025: €1,301 million) related to IFRS 9 eligible financial assets, €-4 million (31 December 2025: €-5 million) related to non-credit
replacement guarantees and €1 million (31 December 2025: €8 million) to modification gains and losses on restructured financial assets.
Sensitivity analysis for credit risk
Sensitivity analysis as at 30 June 2026 (*)
2026
2027
2028
Unweighted
ECL (€ mln)
Probability
-weighting
Reportable
ECL (€ mln)1
Netherlands
Upside scenario
Real GDP
1.5
2.9
2.5
297
20%
410
Unemployment
3.8
3.6
3.5
HPI
3.8
8.4
7.2
Baseline scenario
Real GDP
1.0
1.2
1.5
381
60%
Unemployment
4.2
4.3
4.4
HPI
2.7
2.6
2.7
Downside scenario
Real GDP
0.2
-1.8
-0.3
608
20%
Unemployment
4.9
6.3
7.2
HPI
1.2
-5.2
-4.8
Germany
Upside scenario
Real GDP
1.3
3.2
2.2
541
20%
589
Unemployment
3.3
2.8
2.3
HPI
2.8
9.1
10.0
Baseline scenario
Real GDP
0.7
1.2
1.2
582
60%
Unemployment
3.8
3.6
3.4
HPI
1.6
4.9
6.4
Downside scenario
Real GDP
-0.2
-2.2
-0.5
660
20%
Unemployment
4.2
5.3
5.5
HPI
0.3
-0.5
1.8
Belgium
Upside scenario
Real GDP
1.3
2.6
2.1
551
20%
604
Unemployment
5.6
5.1
4.9
HPI
4.8
5.0
4.9
Baseline scenario
Real GDP
0.7
1.1
1.6
593
60%
Unemployment
6.3
6.3
6.0
HPI
4.2
3.8
4.2
Downside scenario
Real GDP
-0.2
-1.6
1.2
692
20%
Unemployment
6.9
7.7
8.2
HPI
3.5
1.7
2.7
United States
Upside scenario
Real GDP
2.5
3.2
2.9
67
20%
98
Unemployment
3.9
2.9
2.6
HPI
3.3
7.9
11.2
Baseline scenario
Real GDP
2.1
2.0
2.1
89
60%
Unemployment
4.6
4.4
4.2
HPI
2.3
2.6
3.5
Downside scenario
Real GDP
1.2
-1.0
0.7
159
20%
Unemployment
6.2
7.1
7.5
HPI
0.4
-7.6
-6.1
1Excluding management adjustments.
Sensitivity analysis as at 31 December 2025 (*)
2026
2027
2028
Unweighted
ECL (€ mln)
Probability
-weighting
Reportable
ECL (€ mln)1
Netherlands
Upside scenario
Real GDP
2.6
2.9
2.3
288
20%
389
Unemployment
3.5
3.2
3.2
HPI
8.2
8.5
7.0
Baseline scenario
Real GDP
1.1
1.4
1.5
364
60%
Unemployment
4.0
3.9
4.1
HPI
4.4
3.0
2.9
Downside scenario
Real GDP
-1.2
-0.9
0.2
566
20%
Unemployment
5.5
6.5
7.4
HPI
-0.8
-5.1
-5.1
Germany
Upside scenario
Real GDP
2.8
3.0
1.8
584
20%
633
Unemployment
3.0
2.4
2.2
HPI
8.2
9.8
9.4
Baseline scenario
Real GDP
1.1
1.5
1.3
623
60%
Unemployment
3.5
3.2
3.1
HPI
5.0
6.2
6.3
Downside scenario
Real GDP
-1.7
-1.1
0.4
713
20%
Unemployment
4.7
5.3
5.6
HPI
0.9
0.4
2.7
Belgium
Upside scenario
Real GDP
2.7
2.3
1.9
544
20%
596
Unemployment
5.1
4.6
4.5
HPI
5.2
4.9
5.4
Baseline scenario
Real GDP
1.1
1.4
1.6
585
60%
Unemployment
5.9
5.6
5.5
HPI
3.7
4.2
4.4
Downside scenario
Real GDP
-1.5
0.1
1.4
682
20%
Unemployment
7.0
7.7
7.9
HPI
1.8
2.6
2.6
United States
Upside scenario
Real GDP
3.2
2.9
2.7
64
20%
105
Unemployment
3.2
2.5
2.6
HPI
4.8
9.4
10.9
Baseline scenario
Real GDP
2.0
2.0
2.0
92
60%
Unemployment
4.3
4.1
4.1
HPI
1.4
2.7
3.6
Downside scenario
Real GDP
-0.4
-0.1
0.8
184
20%
Unemployment
6.7
7.2
7.5
HPI
-5.1
-7.9
-5.5
1  Excluding management adjustments.
Management Adjustments Management adjustments applied this reporting period (*)
In times of volatility and uncertainty, where portfolio quality and the
economic environment can change rapidly, models alone may not be able
to accurately predict losses. In these cases, management adjustments can
be applied to appropriately reflect ECL. Management adjustments can also
be applied where the impact of the updated macroeconomic scenarios is
over- or under-estimated by the IFRS9 models, or to account for model
redevelopment, recalibration, and periodic assessment procedures that
have not yet been incorporated into the IFRS9 models.
ING has an internal governance framework and controls in place to assess
the appropriateness of all management adjustments.
Management adjustments to ECL models (*)
in EUR million
30 June
2026
31 December
20251
Economic sector / portfolio based adjustments
102
27
Mortgage portfolio adjustments
70
121
Climate transition risk
41
47
Other Post Model Adjustments
-27
-12
Total management adjustments
185
183
1 ING changed the presentation of Management Adjustment types as of 2026. The comparative
figure for 2025 have been updated accordingly. The reclassifications do not affect the total amount of
Management Adjustments.
Asset class category average threshold investment grade
Quantitative SICR thresholds  (*)
30 June 2026
31 December 2025
Average threshold ratio
Investment
grade (rating
grade 1-10)
Non-investment
grade (rating
grade 11-17)
Investment
grade (rating
grade 1-10)
Non-investment
grade (rating
grade 11-17)
Asset class category
Mortgages
2.9
2.4
2.9
2.4
Consumer lending
2.9
2.3
2.9
2.3
Business lending
2.7
2.0
2.7
2.0
Governments and financial institutions
2.9
1.7
2.9
1.8
Other Wholesale Banking
2.8
2.1
2.7
1.9