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 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 by Sustainalytics
and MSCI and our ‘A-list’ rating by CDP. 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 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, 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) changes in the
fiscal position and the future economic performance of the United
States, including potential consequences of a downgrade of the
sovereign credit rating of the US government, (7) consequences of
the United Kingdom’s withdrawal from the European Union, (8)
changes in or discontinuation of ‘benchmark’ indices, (9) inflation
and deflation in our principal markets, (10) changes in conditions
in the credit and capital markets generally, including changes in
borrower and counterparty creditworthiness, (11) failures of banks
falling under the scope of state compensation schemes, (12)
non-compliance with or changes in laws and regulations, including
those financial services and tax laws, and the interpretation and
application thereof, (13) geopolitical risks, political
instabilities and policies and actions of governmental and
regulatory authorities, (14) ING’s ability to meet minimum capital
and other prudential regulatory requirements, (15) outcome of
current and future litigation, enforcement proceedings,
investigations or other regulatory actions, including claims by
customers, (16) 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, (17) risks and
challenges related to cybercrime including the effects of
cyberattacks and changes in legislation and regulation related to
cybersecurity and data privacy, (18) changes in general competitive
factors, (19) the inability to protect our intellectual property
and infringement claims by third parties, (20) changes in credit
ratings, (21) business, operational, regulatory, reputation and
other risks and challenges in connection with climate change, (22)
inability to attract and retain key personnel, (23) future
liabilities under defined benefit retirement plans, (24) failure to
manage business risks, including in connection with use of models,
use of derivatives, or maintaining appropriate policies and
guidelines, (25) 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, (26) 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. |