ING Groep NV Q2 2024 Credit Impairment Data Filed

TL;DR

ING filed Q2 credit impairment data showing loan loss provisions across business and consumer segments.

AI Summary

ING Groep NV filed a 6-K report for the period ending June 30, 2024. The filing includes financial data related to credit impairment for various stages, such as Stage One, Stage Two, and Stage Three, across different lending segments including Business Lending and Consumer Lending. Specific figures for Gross Carrying Amount are provided for these categories as of June 30, 2024, and December 31, 2023.

Why It Matters

This filing provides insight into ING's credit risk exposure and the effectiveness of its loan loss provisioning, which can impact investor confidence and the company's financial health.

Risk Assessment

Risk Level: low — This is a routine financial filing providing standard disclosure of credit impairment data.

Key Numbers

• N/A — Gross Carrying Amount (Specific amounts not detailed in the provided snippet, but reported for various credit impairment stages.)

Key Players & Entities

• ING GROEP NV (company) — Filer of the report
• 2024-06-30 (date) — Reporting period end date
• 2023-12-31 (date) — Prior period end date for comparison

FAQ

Filing Documents

• ing-20240630.htm (6-K) — 3795KB
• ing-20240630_g1.jpg (GRAPHIC) — 76KB
• 0001628280-24-033900.txt ( ) — 19725KB
• ing-20240630.xsd (EX-101.SCH) — 152KB
• ing-20240630_cal.xml (EX-101.CAL) — 149KB
• ing-20240630_def.xml (EX-101.DEF) — 641KB
• ing-20240630_lab.xml (EX-101.LAB) — 1057KB
• ing-20240630_pre.xml (EX-101.PRE) — 869KB
• ing-20240630_htm.xml (XML) — 4914KB

Signatures

Signatures 64 ING Group Interim financial report on form 6-K for the six month period ended 30 June 2024 - Unaudited 3 Presentation of information The condensed consolidated interim financial statements included in this report on Form 6-K are prepared in accordance with International Accounting Standard 34 Interim Financial Reporting' as adopted by the International Accounting Standards Board (IFRS-IASB'). In preparing the financial statements in this document, except as described otherwise, the same accounting principles are applied as in ING Groep N.V.'s Annual Report on Form 20-F for the year ended 31 December 2023 (the "2023 Form 20-F"). In this report, and unless otherwise stated or the context otherwise dictates, references to "ING Groep N.V.", "ING Groep" and "ING Group" refer to ING Groep N.V. and references to "ING", the "Company", the "Group", "we" and "us" refer to ING Groep N.V. and its consolidated subsidiaries. ING Groep N.V.'s primary banking subsidiary is ING Bank N.V. (together with its consolidated subsidiaries, "ING Bank"). References to "Executive Board" and "Supervisory Board" refer to the Executive Board or Supervisory Board of ING Groep N.V., respectively. ING presents its Condensed consolidated interim financial statements in euros, the currency of the European Economic and Monetary Union. Unless otherwise specified or the context otherwise requires, references to "$", "US$" and "Dollars" are to the United States dollars and references to "EUR" are to euros. ING prepares financial information in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS-IASB") for purposes of reporting with the U.S. Securities and Exchange Commission ("SEC"), including financial information contained herein. ING Group's accounting policies and its use of various options under IFRS-IASB are described under Note 1.2 Basis of preparation of the Condensed consolidated interim financial sta

View Full Filing

View this 6-K filing on SEC EDGAR