ING publishes its 2021 Annual Report
10 März 2022 - 01:00PM
GlobeNewswire Inc.
ING publishes its 2021 Annual Report
ING today published its 2021 Annual Report, giving stakeholders
an insight into its business activities, performance and strategy
over the past year.
In addition to the financial statements, the report looks back
on a year in in which Covid-19, low interest rates, rising
inflation and growing geopolitical tensions continued to influence
people and businesses everywhere. It illustrates how ING responded
to these and other developments and highlights how the bank creates
long-term value for its customers, employees and society.
It also features interviews with ING’s chief executive officer
Steven van Rijswijk and Hans Wijers, chairman of the Supervisory
Board, who reflect on some of the topics that mattered most in
2021.
The 2021 Annual Report is available to download on ing.com,
along with the 2021 ING Bank Annual Report, Pillar III Report and
other relevant documents.
Note for editors
For further information on ING, please visit www.ing.com.
Frequent news updates can be found in the Newsroom or via the
@ING_news Twitter feed. Photos of ING operations, buildings and its
executives are available for download at Flickr. ING presentations
are available at SlideShare.
| Press
enquiries |
|
Investor
enquiries |
| Raymond
Vermeulen |
|
ING Group
Investor Relations |
| +31 20 576
6369 |
|
Investor.Relations@ing.com |
|
Raymond.Vermeulen@ing.com |
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ING PROFILEING is a global financial institution
with a strong European base, offering banking services through its
operating company ING Bank. The purpose of ING Bank is empowering
people to stay a step ahead in life and in business. ING Bank’s
more than 57,000 employees offer retail and wholesale banking
services to customers in over 40 countries.ING Group shares are
listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels
and on the New York Stock Exchange (ADRs: ING US,
ING.N).Sustainability forms an integral part of ING’s strategy,
evidenced by ING’s leading position in sector benchmarks. ING's ESG
rating by MSCI was affirmed 'AA' in December 2021. ING Group shares
are included in major sustainability and Environmental, Social and
Governance (ESG) index products of leading providers STOXX,
Morningstar and FTSE Russell. In January 2021, ING received an ESG
evaluation score of 83 ('strong') from S&P Global
Ratings. IMPORTANT LEGAL INFORMATIONElements
of this press release contain or may contain information about ING
Groep N.V. and / or ING Bank N.V. within the meaning of Article
7(1) to (4) of EU Regulation No 596/2014.ING Group’s annual
accounts 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 principles are applied as
in the 2020 ING Group consolidated annual accounts. All figures in
this document are unaudited. Small differences are possible in the
tables due to rounding. Certain of the statements contained herein
are not historical facts, including, without limitation, certain
statements made of future expectations and other forward-looking
statements that are based on management’s current views and
assumptions and involve known and unknown risks and uncertainties
that could cause actual results, performance or events to differ
materially from those expressed or implied in such statements.
Actual results, performance or events may differ materially from
those in such statements due to a number of factors, including,
without limitation: (1) changes in general economic conditions and
customer behaviour, in particular economic conditions in ING’s core
markets, including changes affecting currency exchange rates (2) the
effects of the Covid-19 pandemic and related response measures,
including lockdowns and travel restrictions, on economic conditions
in countries in which ING operates, on ING’s business and
operations and on ING’s employees, customers and counterparties (3)
changes affecting interest rate levels (4) any default of a major
market participant and related market disruption (5) changes in
performance of financial markets, including in Europe and
developing markets (6) political instability and fiscal uncertainty
in Europe and the United States (7) discontinuation of or changes
in ‘benchmark’ indices (8) inflation and deflation in our principal
markets (9) changes in conditions in the credit and capital markets
generally, including changes in borrower and counterparty
creditworthiness (10) failures of banks falling under the scope of
state compensation schemes (11) non-compliance with or changes in
laws and regulations, including those concerning financial
services, financial economic crimes and tax laws, and the
interpretation and application thereof (12) geopolitical risks,
political instabilities and policies and actions of governmental
and regulatory authorities (13) legal and regulatory risks in
certain countries with less developed legal and regulatory
frameworks (14) prudential supervision and regulations, including
in relation to stress tests and regulatory restrictions on
dividends and distributions, (also among members of the group) (15)
regulatory consequences of the United Kingdom’s withdrawal from the
European Union, including authorizations and equivalence decisions
(16) ING’s ability to meet minimum capital and other prudential
regulatory requirements (17) changes in regulation of US
commodities and derivatives businesses of ING and its customers
(18) application of bank recovery and resolution regimes, including
write-down and conversion powers in relation to our securities (19)
outcome of current and future litigation, enforcement proceedings,
investigations or other regulatory actions, including claims by
customers who feel mislead and other conduct issues (20) changes in
tax laws and regulations and risks of non-compliance or
investigation in connection with tax laws, including FATCA (21)
operational risks, such as system disruptions or failures, breaches
of security, cyber-attacks, human error, changes in operational
practices or inadequate controls including in respect of third
parties with which we do business (22) risks and challenges related
to cybercrime including the effects of cyber-attacks and changes in
legislation and regulation related to cybersecurity and data
privacy (23) changes in general competitive factors, including
ability to increase or maintain market share (24) the inability to
protect our intellectual property and infringement claims by third
parties (25) inability of counterparties to meet financial
obligations or ability to enforce rights against such
counterparties (26) changes in credit ratings (27) business,
operational, regulatory, reputation and other risks and challenges
in connection with climate change (28) inability to attract and
retain key personnel (29) future liabilities under defined benefit
retirement plans (30) failure to manage business risks, including
in connection with use of models, use of derivatives, or
maintaining appropriate policies and guidelines (31) changes in
capital and credit markets, including interbank funding, as well as
customer deposits, which provide the liquidity and capital required
to fund our operations, and (32) the other risks and uncertainties
detailed in the most recent annual report of ING Groep N.V.
(including the Risk Factors contained therein) and ING’s more
recent disclosures, including press releases, which are available
on www.ING.com.This document may contain inactive textual addresses
to internet websites operated by us and third parties. Reference to
such websites is made for information purposes only, and
information found at such websites is not incorporated by reference
into this document. ING does not make any representation or
warranty with respect to the accuracy or completeness of, or take
any responsibility for, any information found at any websites
operated by third parties. ING specifically disclaims any liability
with respect to any information found at websites operated by third
parties. ING cannot guarantee that websites operated by third
parties remain available following the publication of this
document, or that any information found at such websites will not
change following the filing of this document. Many of those factors
are beyond ING’s control. Any forward looking statements made by or
on behalf of ING speak only as of the date they are made, and ING
assumes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information
or for any other reason. This document does not constitute an offer
to sell, or a solicitation of an offer to purchase, any securities
in the United States or any other jurisdiction. |
- PDF version of press release
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