ING
PROFILE ING 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 51,000 employees offer retail and wholesale banking
services to customers in over 40 countries. ING Group shares are
listed on the exchanges of Amsterdam (INGA AS, 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 ranking as a leader in the banks industry group by
Sustainalytics. ING Group shares are included in the FTSE4Good
index and in the Dow Jones Sustainability Index (Europe and World),
where ING is also among the leaders in the banks industry group.
IMPORTANT LEGAL INFORMATION Elements 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. 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, in particular economic conditions in ING's
core markets, (2) changes in performance of financial markets,
including developing markets, (3) potential consequences of the
United Kingdom leaving the European Union or a break-up of the
euro, (4) changes in the fiscal position and the future economic
performance of the US including potential consequences of a
European sovereign debt crisis (5) potential consequences of a
European sovereign debt crisis (6) changes in the availability of,
and costs associated with, sources of liquidity such as interbank
funding, (7) changes in the conditions in the credit and capital
markets generally, including changes in borrower and counterparty
creditworthiness, (8) changes affecting interest rate levels, (9)
inflation and deflation in our principal markets, (10) changes
affecting currency exchange rates, (11) changes in investor and
customer behaviour, (12) changes in general competitive factors,
(13) changes in or discontinuation of 'benchmark' indices, (14)
changes in laws and regulations and the interpretation and
application thereof, (15) changes in compliance obligations
including, but not limited to, those posed by the implementation of
DAC6, (16) geopolitical risks, political instability and policies
and actions of governmental and regulatory authorities, (17)
changes in standards and interpretations under International
Financial Reporting Standards (IFRS) and the application thereof,
(18) conclusions with regard to purchase accounting assumptions and
methodologies, and other changes in accounting assumptions and
methodologies including changes in valuation of issued securities
and credit market exposure, (19) changes in ownership that could
affect the future availability to us of net operating loss, net
capital and built-in loss carry forwards, (20) changes in credit
ratings, (21) the outcome of current and future legal and
regulatory proceedings, (22) 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,
(23) risks and changes related to cybercrime including the effects
of cyber-attacks and changes in legislation and regulations related
to cybersecurity and data privacy, (24) the inability to protect
our intellectual property and infringement claims by third parties,
(25) the inability to retain key personnel, (26) business,
operational, regulatory, reputation and other risks in connection
with climate change, (27) ING's ability to achieve its strategy,
including projected operational synergies and cost-saving
programmes and (28) 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, (29)
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. |