ING reports outcome of EU-wide Transparency Exercise
December 02 2016 - 4:21PM
ING Group notes the announcements made today by the European
Banking Authority and De Nederlandsche Bank regarding the
information of the EU-wide Transparency Exercise 2016 and
fulfilment of the EBA Board of Supervisors' decision.
The outcome of the exercise related to ING Group can be found in
the annexes on the EBA website.
Background 2016 EU-wide Transparency
Exercise
The Board of Supervisors of the EBA decided in its meeting of 20
April 2016 to carry out a Transparency Exercise in 2016, which will
be done onwards regularly with annual frequency. It will be
published at the same time as the Risk Assessment Report (RAR). The
annual transparency exercise will be based solely on COREP/FINREP
data on the form and scope to assure a sufficient and appropriate
level of information to market participants.
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 supervisory reporting channels.
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
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executives are available for download at Flickr. Footage (B-roll)
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at SlideShare.
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Investor enquiries |
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ING Group Investor Relations |
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Christoph.Linke@ing.com |
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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. 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. |
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/cf44feb1-297e-4b46-a1b5-cc6a16456222
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