ING reports outcome of EU-wide Transparency Exercise
(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 2015 EU-
wide Transparency Exercise and fulfilment of the EBA Board of Supervisors'
decision.
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.
Background 2015 EU-wide Transparency Exercise
The Board of Supervisors of the EBA decided in its meeting of 24 of February
2015 to carry out a Transparency Exercise in 2015. In its April meeting, the
Board of Supervisors agreed on the form and scope of the transparency exercise
to be conducted in September-November 2015 to assure a sufficient and
appropriate level of information to market participants. A testing phase was
carried out with participating banks between May and July 2015 in order to
design the process and templates.
The data collection relies as much as possible on the information reported to
the EBA on a regular basis through the supervisory reporting framework (FINREP,
COREP) and most of the templates were centrally filled in by the EBA and sent
afterwards for verification by banks and supervisors. Banks had the chance to
correct any errors detected and to resubmit correct data through the regular
COREP/FINREP reporting channels. The only exception to that process covers the
templates on Sovereign Exposures and Leverage Ratio which banks had to fill in
by themselves.
Note for editors
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Press enquiries Investor enquiries
Raymond Vermeulen ING Group Investor Relations
+31 20 576 6369 +31 20 576 6396
Raymond.Vermeulen(at)ing.com Investor.Relations(at)ing.com
ING Profile
ING is a global financial institution with a strong European base, offering
banking services through its operating company ING Bank and holding a
significant stake in the listed insurer NN Group NV. The purpose of ING Bank is
empowering people to stay a step ahead in life and in business. ING Bank's more
than 52,000 employees offer retail and commercial banking services to customers
in over 40 countries.
ING Group shares are listed (in the form of depositary receipts) on the
exchanges of Amsterdam (INGA NA, ING.AS), Brussels and on the New York Stock
Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's corporate strategy, which is
evidenced by ING Group shares being included in the FTSE4Good index and in the
Dow Jones Sustainability Index (Europe and World). where ING is among the
leaders in the Banks industry group.
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) ING's
implementation of the restructuring plan as agreed with the European
Commission, (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) changes affecting interest rate levels, (7) changes
affecting currency exchange rates, (8) changes in investor and customer
behaviour, (9) changes in general competitive factors, (10) changes in laws
and regulations, (11) changes in the policies of governments and/or regulatory
authorities, (12) conclusions with regard to purchase accounting assumptions
and methodologies, (13) changes in ownership that could affect the future
availability to us of net operating loss, net capital and built-in loss carry
forwards, (14) changes in credit ratings, (15) ING's ability to achieve
projected operational synergies and (16) 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 purchase, any securities in the United States or any other
jurisdiction. The securities of NN Group have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold within the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act.
PDF version of press release:
http://hugin.info/130668/R/1968804/719485.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#1968804]
Unternehmensinformation / Kurzprofil:
Datum: 24.11.2015 - 18:50 Uhr
Sprache: Deutsch
News-ID 435561
Anzahl Zeichen: 7245
contact information:
Town:
Amsterdam
Kategorie:
Business News
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