Risk management (Tables)	6 Months Ended
Risk management (Tables)	Jun. 30, 2022
Geographical Exposures [Line Items]
Gross carrying amount per IFRS 9 stage and rating class	Gross carrying amount per IFRS 9 stage and rating class () 1 in EUR million 12-month ECL (Stage 1) Lifetime ECL not credit impaired (Stage 2) Lifetime ECL credit impaired (Stage 3) Total 30 June 2022 Rating class Gross Carrying Amount Provisions Gross Carrying Amount Provisions Gross Carrying Amount Provisions Gross Carrying Amount Provisions Investment grade 1 (AAA) 116,616 1 0 0 116,616 1 2-4 (AA) 112,044 3 259 0 112,303 3 5-7 (A) 170,785 13 1,402 1 172,187 14 8-10 (BBB) 336,871 62 9,745 21 346,616 83 Non-Investment grade 11-13 (BB) 164,326 231 13,745 82 178,071 314 14-16 (B) 27,239 180 16,083 367 43,322 548 17 (CCC) 6,267 7 4,391 213 10,658 220 Substandard grade 18 (CC) 5,654 780 5,654 780 19 (C) 2,710 420 2,710 420 Non-performing loans 20-22 (D) 11,831 3,640 11,831 3,640 Total 934,148 497 53,989 1,885 11,831 3,640 999,968 6,022 1 IAS 37 provisions are established for non-credit replacement guarantees not in the scope of IFRS 9. Total IAS 37 provisions (€ 117 million) are excluded. Gross carrying amount per IFRS 9 stage and rating class () 1 in EUR million 12-month ECL (Stage 1) Lifetime ECL not credit impaired (Stage 2) Lifetime ECL credit impaired (Stage 3) Total 31 December 2021 Rating class Gross Carrying Amount Provisions Gross Carrying Amount Provisions Gross Carrying Amount Provisions Gross Carrying Amount Provisions Investment grade 1 (AAA) 107,788 3 0 107,788 3 2-4 (AA) 106,673 5 197 106,870 5 5-7 (A) 152,167 17 1,000 1 153,167 17 8-10 (BBB) 328,302 73 7,232 14 335,533 87 Non-Investment grade 11-13 (BB) 163,228 208 14,679 86 177,908 294 14-16 (B) 26,852 185 17,931 404 44,783 589 17 (CCC) 5,377 10 4,354 198 9,730 207 Substandard grade 18 (CC) 2,314 173 2,314 173 19 (C) 1,769 142 1,769 142 Non-performing loans 20-22 (D) 12,072 3,851 12,072 3,851 Total 890,387 501 49,476 1,016 12,072 3,851 951,934 5,368 1 IAS 37 provisions are established for non-credit replacement guarantees not in the scope of IFRS 9. Total IAS 37 provisions (€ 114.4 million) are excluded.
Changes in loan loss provisions and gross carrying amounts	Changes in gross carrying amounts and loan loss provisions () 1, 2 in EUR million 12-month ECL (Stage 1) Lifetime ECL not credit impaired (Stage 2) Lifetime ECL credit impaired (Stage 3) Total 30 June 2022 Gross carrying amount Provisions Gross carrying amount Provisions Gross carrying amount Provisions Gross carrying amount Provisions Opening balance 890,386 501 49,476 1,016 12,072 3,851 951,934 5,368 Transfer into 12-month ECL (Stage 1) 8,534 13 -8,259 -115 -275 -28 -0 -130 Transfer into lifetime ECL not credit impaired (Stage 2) -17,556 -53 18,174 720 -618 -71 -0 596 Transfer into lifetime ECL credit impaired (Stage 3) -1,451 -9 -851 -53 2,302 611 0 549 Net remeasurement of loan loss provisions -39 301 4 266 New financial assets originated or purchased 119,993 123 119,993 123 Financial assets that have been derecognised -75,384 -34 -5,313 -49 -2,080 -137 -82,777 -220 Net drawdowns and repayments 9,625 761 431 10,818 Changes in models/risk parameters Increase in loan loss provisions 1 804 379 1,184 Write-offs -648 -648 Recoveries of amounts previously written off 28 28 Foreign exchange and other movements -5 65 30 90 Closing balance 934,148 497 53,989 1,885 11,831 3,640 999,968 6,022 1 Stage 3 Lifetime credit impaired provision includes € 5 million on Purchased or Originated Credit Impaired. 2 The addition to the loan provision (in the consolidated statement of profit or loss) amounts to € 1,189 million of which € 1,184 million related to IFRS-9 eligible financial assets, € 4 million related to non-credit replacement guarantees and € 1 million to modification gains and losses on restructured financial assets. Changes in gross carrying amounts and loan loss provisions () 1, 2 in EUR million 12-month ECL (Stage 1) Lifetime ECL not credit impaired (Stage 2) Lifetime ECL credit impaired (Stage 3) Total 31 December 2021 Gross carrying amount Provisions Gross carrying amount Provisions Gross carrying amount Provisions Gross carrying amount Provisions Opening balance 844,231 581 59,313 1,476 13,398 3,797 916,942 5,854 Transfer into 12-month ECL (Stage 1) 15,157 20 -14,322 -279 -835 -54 -0 -313 Transfer into lifetime ECL not credit impaired (Stage 2) -19,737 -32 20,537 206 -800 -75 -0 100 Transfer into lifetime ECL credit impaired (Stage 3) -2,166 -13 -1,589 -96 3,755 820 -0 712 Net remeasurement of loan loss provisions -130 -228 404 46 New financial assets originated or purchased 208,501 149 208,501 149 Financial assets that have been derecognised -125,819 -73 -11,935 -104 -1,898 -237 -139,652 -414 Net drawdowns and repayments -29,781 -2,527 -694 -33,002 Changes in models/risk parameters 12 41 130 184 Increase in loan loss provisions -67 -460 989 462 Write-offs -854 -854 -854 -854 Recoveries of amounts previously written off 45 45 Foreign exchange and other movements -13 1 -125 -138 Closing balance 890,386 501 49,476 1,016 12,072 3,851 951,934 5,368 1 Stage 3 Lifetime credit impaired provision includes € 4 million on Purchased or Originated Credit Impaired. 2 The addition to the loan provision (in the condensed consolidated statement of profit or loss) amounts to € 516 million of which € 462 million related to IFRS-9 eligible financial assets, € 43 million related to non-credit replacement guarantees and € 11 million to modification gains and losses on restructured financial assets.
Management adjustments explanatory	Management adjustments to ECL models (*) in EUR million 30 June 2022 31 December 2021 Economic sector based adjustments 68 341 Second order impact adjustments 268 0 Payment holiday adjustments 0 32 Mortgage portfolio adjustments 131 124 Other Post Model Adjustments 1 25 121 Total management adjustments 492 618 1 Prior period figure has been updated to conform to current year presentation
Sensitivity Analsis	Sensitivity analysis as at June 2022 () 2022 2023 2024 Un-weighted ECL (Eur mln) Probability- weighting Reportable ECL (Eur mln) 1 Netherlands Upside scenario Real GDP 3.6 2.5 3.0 297 20% 361 Unemployment 3.7 3.7 3.5 HPI 17.6 15.7 4.1 Baseline Scenario Real GDP 2.8 1.3 1.8 337 60% Unemployment 4.1 4.5 4.7 HPI 14.8 2.7 1.9 Downside scenario Real GDP 0.3 -1.4 0.8 494 20% Unemployment 5.8 6.9 8.0 HPI 11.1 -13.4 -0.9 Germany Upside scenario Real GDP 2.8 3.6 2.3 642 20% 787 Unemployment 2.7 2.6 2.2 HPI 11.7 6.3 4.8 Baseline Scenario Real GDP 1.8 2.1 1.8 772 60% Unemployment 3.1 3.2 3.3 HPI 10.8 3.3 1.4 Downside scenario Real GDP -0.3 -1.2 0.6 977 20% Unemployment 4.6 5.3 5.8 HPI 9.0 -2.1 -2.3 Belgium Upside scenario Real GDP 3.1 3.0 2.2 546 20% 608 Unemployment 5.2 5.1 5.2 HPI 4.8 3.0 2.5 Baseline Scenario Real GDP 2.4 1.8 1.8 596 60% Unemployment 5.7 5.7 5.8 HPI 4.4 2.3 2.0 Downside scenario Real GDP 0.8 -0.3 1.3 705 20% Unemployment 6.9 7.7 8.2 HPI 3.2 0.3 0.7 United States Upside scenario Real GDP 3.9 2.5 2.4 68 20% 156 Unemployment 3.6 3.3 2.8 HPI 10.1 4.4 8.1 Baseline Scenario Real GDP 2.4 1.5 1.7 124 60% Unemployment 3.9 4.2 4.2 HPI 9.8 1.2 2.3 Downside scenario Real GDP 0.2 -1.6 0.1 342 20% Unemployment 6.0 7.2 8.3 HPI 8.7 -4.3 -4.1 1 Excluding management adjustments. Sensitivity analysis as at December 2021 () 2022 2023 2024 Un-weighted ECL (Eur mln) Probability- weighting Reportable ECL (Eur mln) 1 Netherlands Upside scenario Real GDP 5.1 2.9 2.7 259 20% 307 Unemployment 3.2 2.9 2.9 HPI 23.3 10.9 0.9 Baseline Scenario Real GDP 3.4 2.0 1.7 289 60% Unemployment 3.7 4.1 4.3 HPI 13.1 2.8 0.8 Downside scenario Real GDP -1.5 1.2 0.7 411 20% Unemployment 5.6 6.8 7.8 HPI 0.3 -7.7 0.6 Germany Upside scenario Real GDP 6.2 3.1 1.6 457 20% 483 Unemployment 2.9 2.2 1.9 HPI 12.9 7.9 5.3 Baseline Scenario Real GDP 4.0 2.3 1.4 475 60% Unemployment 3.4 3.1 3.1 HPI 10.4 4.6 1.9 Downside scenario Real GDP -0.6 0.9 0.8 535 20% Unemployment 5.0 5.4 5.7 HPI 5.3 0.4 -2.1 Belgium Upside scenario Real GDP 4.6 2.5 2.0 364 20% 393 Unemployment 5.6 5.6 5.9 HPI 3.9 2.7 2.9 Baseline Scenario Real GDP 3.1 2.0 1.8 383 60% Unemployment 6.1 6.3 6.3 HPI 3.0 2.3 2.3 Downside scenario Real GDP -0.4 1.4 1.4 451 20% Unemployment 7.6 8.6 9.0 HPI 0.4 1.0 1.0 United States Upside scenario Real GDP 6.7 2.4 3.1 28 20% 75 Unemployment 3.5 2.5 2.4 HPI 10.4 8.1 8.7 Baseline Scenario Real GDP 4.0 2.5 2.1 55 60% Unemployment 4.0 3.7 3.7 HPI 9.1 3.0 3.3 Downside scenario Real GDP -0.7 1.1 0.3 183 20% Unemployment 6.5 7.4 8.0 HPI 5.3 -3.2 -3.0 1 Excluding management adjustments.
Reconciliation of model ECL to total ECL	Reconciliation of model (reportable) ECL to total ECL (*) in EUR million 30 June 2022 31 December 2021 Total model ECL 1 3,337 2,408 ECL from individually assessed impairments 2,193 2,342 ECL from management adjustments 1 492 618 Total ECL 6,022 5,368 1 Prior period figure has been updated to conform to current year presentation
Asset class category average threshold investment grade	Quantitative SICR thresholds (*) 30 June 2022 31 December 2021 Average threshold ratio Investment grade (rating grade 1-10) Non- investment grade (rating grade 11-17) Investment grade (rating grade 1-10) Non- investment grade (rating grade 11-17) Asset class category Mortgages 2.7 2.3 2.7 2.2 Consumer Lending 3.4 1.8 2.8 1.7 Business Lending 3.4 2.2 4.0 2.2 Governments and Fin. Institutions 7.7 2.2 7.9 2.2 Other Wholesale Banking 4.3 1.9 4.5 2.0
Non-derivative financial instruments to transition to alternative benchmarks	Non derivative Financial instruments to transition to alternative benchmarks () in EUR million at 30 June 2022 Financial Assets non-derivative Financial Liabilities non-derivative Off balance sheet commitments Carrying value Carrying value Nominal value By benchmark rate GBP LIBOR USD LIBOR 40,485 1,501 9,979 CHF LIBOR EONIA Total 40,485 1,501 9,979 Non derivative Financial instruments to transition to alternative benchmarks () in EUR million at 31 December 2021 Financial Assets non-derivative Financial Liabilities non-derivative Off balance sheet commitments Carrying value Carrying value Nominal value By benchmark rate GBP LIBOR 764 350 USD LIBOR 41,805 1,542 16,435 CHF LIBOR 1 EONIA 23 184 Total 42,570 1,565 16,969
Derivative financial instruments to transition to alternative benchmarks	Derivative Financial instruments to transition to alternative benchmarks (*) 30 June 2022 31 December 2021 in EUR million Nominal value Nominal value By benchmark rate 1 GBP LIBOR 822 USD LIBOR 508,877 488,499 2 Total 508,877 489,321 1 For cross currency swaps all legs of the swap are included that are linked to a main IBOR that is significant to ING Group. 2 The prior period has been updated to improve consistency and comparability.