ING Group's 2016 SREP process completed
(Thomson Reuters ONE) -
ING Group has been notified of the European Central Bank (ECB) decision on the
2016 Supervisory Review and Evaluation Process (SREP), which will set the
capital requirements for 2017. The common equity Tier 1 requirement for ING
Group will be 9.0% in 2017. This includes Pillar 2 requirement (P2R) but
excludes the non-mandatory Pillar 2 guidance (P2G) which is not disclosed.
Under the new Maximum Distributable Amount (MDA) framework, ING's trigger level
will decline from 10.25% in 2016 to 9.0% in 2017, and is expected to rise to
11.75% in 2019 assuming unchanged P2R requirements.
On 30 September 2016, ING Group's phased-in (transitional) common equity Tier 1
ratio as well as the fully-loaded common equity Tier 1 ratio were both at
13.5%, well in excess of the regulatory requirements.
Further information on our capital requirements and resolution plans can be
found in the updated ING Group Credit Update presentation on the Fixed income
section of our website.
Note for editors
For further information on ING, please visit www.ing.com. Frequent news updates
can be found in the Newsroom or via the (at)ING_news Twitter feed. Photos of ING
operations, buildings and its executives are available for download at Flickr.
Footage (B-roll) of ING is available via videobankonline.com, or can be
requested by emailing info(at)videobankonline.com. ING presentations are available
at SlideShare.
Press enquiries Investor enquiries
Christoph Linke ING Group Investor Relations
+31 20 576 4315 +31 20 576 6396
Christoph.Linke(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. The purpose of ING Bank
is empowering people to stay a step ahead in life and in business. ING Bank's
52,000 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, which is evidenced by
the number one position among 395 banks ranked by Sustainalytics. ING Group
shares are 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
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, 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) potential consequences of European Union countries leaving the
European Union, (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 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. 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.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ING Group via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 30.11.2016 - 08:52 Uhr
Sprache: Deutsch
News-ID 509920
Anzahl Zeichen: 6109
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"ING Group's 2016 SREP process completed"
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