ING reports outcome of EU-wide Transparency Exercise
November 24 2015 - 12:54PM
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 |
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Investor enquiries |
Raymond Vermeulen |
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ING Group Investor Relations |
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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
HUG#1968804
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