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Subordinated loans
6 Months Ended
Jun. 30, 2022
Subordinated loans [abstract]  
Subordinated loans
9
 
Subordinated loans
Subordinated loans issued by ING Groep N.V.
 
include bonds issued to raise Tier 1 and Tier 2 (CRD IV eligible)
capital for ING Bank N.V.
 
Under IFRS these bonds are classified as liabilities and for regulatory purposes, they
are considered capital. Subordinated loans issued by ING Group companies comprise,
 
for the most part,
subordinated loans which are subordinated to all current
 
and future liabilities of ING Bank N.V.
Changes in subordinated loans
 
In EUR million
30
 
June
2022
31
 
December
 
2021
Opening balance
 
16,715
15,805
New issuances
3,163
Repayments
-990
-2,449
Exchange rate differences
708
609
Other changes
-960
-413
Closing balance
15,473
16,715
ING Groep N.V.
 
redeemed in April 2022 USD
1
 
billion
6.875
% Perpetual Additional Tier 1 Contingent
Convertible Capital Securities and in May 2022 JPY
10
 
billion
1.10
% Subordinated Tier 2 Notes on the first call
dates.