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 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 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.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 defi
ned 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. |