ING Bank reports outcome EU-wide Transparency Exercise 2013
(Thomson Reuters ONE) -
ING Bank notes the announcements made today by the European Banking Authority
(EBA) and De Nederlandsche Bank (DNB) regarding the information of the EU-wide
Transparency Exercise 2013 and fulfillment of the EBA Board of Supervisors
decision.
Background 2013 EU-wide Transparency Exercise
In May 2013 the EBA adjusted the timeline of the next EU-wide stress test so to
conduct the exercise in 2014 once the asset quality reviews are completed.
However, to ensure transparency and comparability over the years, the EBA's
Board of Supervisors (BoS) decided to provide, in the second half of 2013,
appropriate disclosure on the actual exposures of the EU banking sector. In its
October meeting the BoS agreed on the form and scope of the transparency
exercise to be conducted in November/December 2013 to assure a sufficient and
appropriate level of information for market participants. The sample of the
exercise includes 64 banks and for each of them the following set of information
was collected for disclosure:
I. Composition of capital(1)
II. Composition of RWA by risk type(2)
III. Exposures to sovereigns (central, regional and local governments)
in EEA(3) (direct and indirect exposures by maturity buckets
and country)
IV. Credit risk exposures (defaulted and non-defaulted) and RWAs
by country with breakdowns for Institutions, Commercial RE,
Retail and Corporate(4); displayed by regulatory approach
(AIRB,F-IRB, STA)
V. LTV per portfolio, value adjustments and provisions
VI. Market risk and securitisation exposures
(1)Current capital definition augmented by information in accordance with EBA's
capital preservation
recommendation.
(2)Credit risk, market risk, securitisation, other credit risk, operational
risk, transitional floors and others.
(3)For the Recap, only EEA sovereigns have been considered since the purpose was
to compute the sovereign buffer.
(4)Exact breakdown as follows: Central Government, Institutions, Corporates,
Retail (of which SMEs, secured by RE property, revolving and others), Equity,
Securitisation and other assets.
The outcome of the exercise related to ING Bank can be found in the annexes,
which can be viewed/downloaded via ING's corporate website.
Press enquiries Investor enquiries
Frans Middendorff ING Group Investor Relations
+31 20 576 6385 +31 20 57 66396
Frans.Middendorff(at)ing.com Investor.Relations(at)ing.com
ING PROFILE
ING is a global financial institution of Dutch origin, offering banking,
investments, life insurance and retirement services to meet the needs of a
broad customer base. Going forward, we will concentrate on our position as an
international retail, direct and commercial bank, while creating an optimal
base for an independent future for our insurance and investment management
operations
IMPORTANT LEGAL INFORMATION
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, 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) consequences of a
potential (partial) break-up of the euro, (4) the implementation of ING's
restructuring plan to separate banking and insurance
operations, (5) changes in the availability of, and costs associated with,
sources of liquidity such as interbank funding, as well as
conditions in the credit markets generally, including changes in borrower and
counterparty creditworthiness, (6) the frequency
and severity of insured loss events, (7) changes affecting mortality and
morbidity levels and trends, (8) changes affecting persistency levels, (9)
changes affecting interest rate levels, (10) changes affecting currency
exchange rates, (11) changes in investor, customer and policyholder behaviour,
(12) changes in general competitive factors, (13) changes in laws and
regulations, (14) changes in the policies of governments and/or regulatory
authorities, (15) conclusions with regard to purchase accounting assumptions
and methodologies, (16) changes in ownership that could affect the future
availability to us of net operating loss, net capital and built-in loss carry
forwards, (17) changes in credit-ratings, (18) ING's ability to achieve
projected operational synergies and (19) the other risks and uncertainties
detailed in the Risk Factors section contained in the most recent annual
report of ING Groep N.V. 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 buy, any
securities.
PDF version of Press Release:
http://hugin.info/130668/R/1750166/589696.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ING Group via GlobeNewswire
[HUG#1750166]
Unternehmensinformation / Kurzprofil:
Datum: 16.12.2013 - 18:00 Uhr
Sprache: Deutsch
News-ID 324705
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contact information:
Town:
Amsterdam
Kategorie:
Business News
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