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 57,000 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. ING's ESG
rating by MSCI was affirmed 'AA' in December 2021. ING Group shares
are included in major sustainability and Environmental, Social and
Governance (ESG) index products of leading providers STOXX,
Morningstar and FTSE Russell. In January 2021, ING received an ESG
evaluation score of 83 ('strong') from S&P Global Ratings.
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 and customer behaviour, 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) political
instability and fiscal uncertainty in Europe and the United States
(7) discontinuation of or changes in ‘benchmark’ indices (8)
inflation and deflation in our principal markets (9) changes in
conditions in the credit and capital markets generally, including
changes in borrower and counterparty creditworthiness (10) failures
of banks falling under the scope of state compensation schemes (11)
non-compliance with or changes in laws and regulations, including
those concerning financial services, financial economic crimes and
tax laws, and the interpretation and application thereof (12)
geopolitical risks, political instabilities and policies and
actions of governmental and regulatory authorities (13) legal and
regulatory risks in certain countries with less developed legal and
regulatory frameworks (14) prudential supervision and regulations,
including in relation to stress tests and regulatory restrictions
on dividends and distributions, (also among members of the group)
(15) regulatory consequences of the United Kingdom’s withdrawal
from the European Union, including authorizations and equivalence
decisions (16) ING’s ability to meet minimum capital and other
prudential regulatory requirements (17) changes in regulation of US
commodities and derivatives businesses of ING and its customers
(18) application of bank recovery and resolution regimes, including
write-down and conversion powers in relation to our securities (19)
outcome of current and future litigation, enforcement proceedings,
investigations or other regulatory actions, including claims by
customers who feel mislead and other conduct issues (20) changes in
tax laws and regulations and risks of non-compliance or
investigation in connection with tax laws, including FATCA (21)
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 (22) risks and challenges related
to cybercrime including the effects of cyber-attacks and changes in
legislation and regulation related to cybersecurity and data
privacy (23) changes in general competitive factors, including
ability to increase or maintain market share (24) the inability to
protect our intellectual property and infringement claims by third
parties (25) inability of counterparties to meet financial
obligations or ability to enforce rights against such
counterparties (26) changes in credit ratings (27) business,
operational, regulatory, reputation and other risks and challenges
in connection with climate change (28) inability to attract and
retain key personnel (29) future liabilities under defined benefit
retirement plans (30) failure to manage business risks, including
in connection with use of models, use of derivatives, or
maintaining appropriate policies and guidelines (31) 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, and (32) 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. |