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ING PROFILEING 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
more than 55,000 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,
evidenced by ING’s leading position in sector benchmarks by
Sustainalytics and MSCI and our ‘A-list’ rating by CDP. ING Group
shares are included in major sustainability and Environmental,
Social and Governance (ESG) index products of leading providers
STOXX, Morningstar and FTSE
Russell. IMPORTANT LEGAL
INFORMATIONElements 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 a number of factors, including, without
limitation: (1) changes in general economic conditions, in
particular economic conditions in ING’s core markets, including
changes affecting currency exchange rates, (2) the effects of the
Covid-19 pandemic and related response measures, including
lockdowns and travel restrictions, on economic conditions in
countries in which ING operates, on ING’s business and operations
and on ING’s employees, customers and counterparties, (3) changes
affecting interest rate levels, (4) any default of a major market
participant and related market disruption, (5) changes in
performance of financial markets, including in Europe and
developing markets, (6) changes in the fiscal position and the
future economic performance of the United States, including
potential consequences of a downgrade of the sovereign credit
rating of the US government, (7) consequences of the United
Kingdom’s withdrawal from the European Union, (8) changes in or
discontinuation of ‘benchmark’ indices, (9) inflation and deflation
in our principal markets, (10) changes in conditions in the credit
and capital markets generally, including changes in borrower and
counterparty creditworthiness, (11) failures of banks falling under
the scope of state compensation schemes, (12) non-compliance with
or changes in laws and regulations, including those financial
services and tax laws, and the interpretation and application
thereof, (13) geopolitical risks, political instabilities and
policies and actions of governmental and regulatory authorities,
(14) ING’s ability to meet minimum capital and other prudential
regulatory requirements, (15) outcome of current and future
litigation, enforcement proceedings, investigations or other
regulatory actions, including claims by customers, (16) operational
risks, such as system disruptions or failures, breaches of
security, cyber-attacks, human error, changes in operational
practices or inadequate controls including in respect of third
parties with which we do business, (17) risks and challenges
related to cybercrime including the effects of cyber- attacks and
changes in legislation and regulation related to cybersecurity and
data privacy, (18) changes in general competitive factors, (19) the
inability to protect our intellectual property and infringement
claims by third parties, (20) changes in credit ratings, (21)
business, operational, regulatory, reputation and other risks and
challenges in connection with climate change, (22) inability to
attract and retain key personnel, (23) future liabilities under
defined benefit retirement plans, (24) failure to manage business
risks, including in connection with use of models, use of
derivatives, or maintaining appropriate policies and guidelines,
(25) changes in capital and credit markets, including interbank
funding, as well as customer deposits, which provide the liquidity
and capital required to fund our operations, (26) 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.This document may contain inactive textual
addresses to internet websites operated by us and third parties.
Reference to such websites is made for information purposes only,
and information found at such websites is not incorporated by
reference into this document. ING does not make any representation
or warranty with respect to the accuracy or completeness of, or
take any responsibility for, any information found at any websites
operated by third parties. ING specifically disclaims any liability
with respect to any information found at websites operated by third
parties. ING cannot guarantee that websites operated by third
parties remain available following the publication of this
document, or that any information found at such websites will not
change following the filing of this document. Many of those factors
are beyond ING’s control.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. |