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Condensed financial information of the parent company
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed financial information of the parent company Condensed financial information of the parent company
Parent company condensed statement of financial position
as at 31 December before appropriation of result
in EUR million2024202320242023
Assets
Equity
Investments in group companies
45,18743,687Share capital3135
Fixed assets45,18743,687Share premium17,11617,116
Legal and statutory reserves78-773
Receivables from group companies 1
77,73970,524Other reserves31,39735,761
Other assets1611Unappropriated result4,0802,544
Current assets77,75570,535Total equity52,70354,684
Liabilities
Subordinated loans
18,52216,330
Debenture loans49,75142,569
Other non-current liabilities
00
Non-current liabilities68,27358,899
Amounts owed to group companies7256
Other liabilities
1,893584
Current liabilities1,966639
Total assets122,942114,222Total equity and liabilities122,942114,222
1     Receivables from Group companies include EUR 18,523 million subordinated loans provided by ING Groep N.V. to ING Bank N.V. (2023: EUR 16,330 million).
Parent company condensed statement of profit or loss
for the years ended 31 December
in EUR million202420232022
Staff expenses
000
Other expenses
879
Total expenses878
Interest and other financial income
2,4972,0031,466
Valuation results00-1
Interest and other financial expenses
-2,217-1,828-1,450
Net interest and other financial income28117415
Result before tax2731677
Taxation
70432
Result after tax2021245
Result from (disposal of) group companies and participating interests after taxation
5,1324,01612,121
Net result5,3344,14012,126
Parent company condensed statement of other comprehensive income
for the years ended 31 December
in EUR million202420232022
Net result5,334  4,140  12,126  
Other comprehensive income
Items that will not be reclassified to the statement of profit or loss:
Equity-accounted investees - share of OCI604-14922
Items that may subsequently be reclassified to the statement of profit or loss:
Equity-accounted investees - share of OCI706926-2,250
Total other comprehensive income1,311776-2,228
Total comprehensive income6,6454,9169,898
Parent company condensed statement of changes in equity
in EUR million
Share capital
Share premium
Legal and statutory reserves
Other reserves
Unappropriated results
Total
Balance as at 31 December 20233517,116-77335,7612,54454,684
Net results1255,2095,334
Amounts net of tax directly recognised in equity1,31101,311
Total comprehensive income net of tax1,4365,2096,645
Dividends-498-3,626-4,124
Share buyback programmes, commitment-4,500-4,500
Share buyback programmes, cancellation of shares-44
Employee share-based compensation plans22
Other changes in treasury shares22
Transfers-585631-47
Other changes-5-5
Balance as at 31 December 20243117,1167831,3974,08052,703
Parent company condensed statement of changes in equity - continued
in EUR million
Share capital
Share premium
Legal and statutory reserves
Other reserves
Unappropriated results
Total
Balance as at 31 December 202237  17,116  -986  29,002  11,331  56,500  
Net results 336    3,804  4,140  
Amounts net of tax directly recognised in equity 776      776  
Total comprehensive income net of tax1,1123,8044,916
Dividends     -2,668  -2,668  
Share buyback programmes, commitment   -4,000    -4,000  
Share buyback programmes, cancellation of shares-2     2      
Employee share-based compensation plans   -7    -7  
Other changes in treasury shares   -7    -7  
Transfers -899  10,823  -9,923    
Other changes   -50    -50  
Balance as at 31 December 202335  17,116  -773  35,761  2,544  54,684  
Parent company condensed statement of changes in equity - continued
in EUR million
Share capital
Share premium
Legal and statutory reserves
Other reserves
Unappropriated results
Total
Balance as at 31 December 202139  17,105  1,073  28,892  4,957  52,066  
Net results161  11,965  12,126  
Amounts net of tax directly recognised in equity-2,228  -2,228  
Total comprehensive income net of tax-2,06711,9659,898
Dividends-1,171  -2,178  -3,349  
Share buyback programmes, commitment-1,583  -1,583  
Share buyback programmes, cancellation of shares-2  2    
Employee share-based compensation plans 12  15  27  
Other changes in treasury shares4  4  
Transfers8  3,405  -3,412    
Other changes-562  -562  
Balance as at 31 December 202237  17,116  -986  29,002  11,331  56,500  
Parent company condensed statement of cash flows
for the years ended 31 December
in EUR million202420232022202420232022
Cash flows from operating activities
Cash flows from financing activities
Result before tax273  167  7  Proceeds from debt securities9,480  6,012  11,176  
Adjusted for:– non-cash items in Result before tax232  221  213  Repayments of debt securities-3,695  -4,591  -4,302  
Taxation paid0  0  16  Proceeds from issuance of subordinated loans4,492  2,240  993  
Changes in:–  Net change in Loans and advances to/from banks, not available/payable on demand-5,899  -6,485  -8,191  Repayments of subordinated loans-2,944  -2,132  -1,090  
–  Other
-66  19  -84  Purchase of treasury shares (share buyback programme)-3,817  -3,524  -1,721  
Net cash flow from/(used in) operating activities-5,461  -6,079  -8,040  Dividends paid-3,626  -2,964  -3,052  
Other financing      
Cash flows from investing activitiesNet cash flow from/(used in) financing activities-109  -4,959  2,004  
Disposals and redemptions:– dividends received from group companies4,986  10,269  6,277  
– securities at amortised cost  1,000    Net cash flow-583  231  241  
Net cash flow from/(used in) investing activities4,986  11,269  6,277  
Cash and cash equivalents at beginning of year
614  383  142  
Effect of exchange rate changes on cash and cash equivalents0  0  0  
Cash and cash equivalents at end of year
31  614  383  
Five-year schedule of maturities of subordinated and debenture loans
Subordinated loansDebenture loans
in EUR million2024202320242023
Less than 1 year  1,010  1,474  
1 to 2 years  8,053  3,250  
2 to 3 years  7,401  7,616  
3 to 4 years  7,523  7,049  
4 to 5 years  6,220  7,306  
Longer than 5 years10,035  9,317  19,544  15,875  
Maturity not applicable8,487  7,014  
18,522  16,330  49,751  42,569  
As at 31 December 2024 ING Groep N.V. has issued USD 8,750 million (2023: USD 7,750 million) Perpetual Additional Tier 1 Contingent Convertible Capital Securities which can, in accordance with their terms and conditions, convert by operation of law into ordinary shares if the conditions to such a conversion are fulfilled. As a result of this conversion, the issued share capital can increase by up to 982 million (2023: 864 million) ordinary shares. Reference is made to the ING Group Consolidated financial statements, Note 18 'Subordinated loans' and Note 19 'Equity'.
The amount of debentures held by Group companies as at 31 December 2024 is EUR 10 million (2023: nil).