ING Group : ING reaction to situation at SNS REAAL

              ING Group : ING reaction to situation at SNS REAAL

In the interest of stability in the Dutch financial sector, ING welcomes the
measures presented today by the Dutch Finance Ministry to nationalise SNS
REAAL.

As a consequence of the arrangements made by the Dutch government, ING and the
other Dutch banks will be required to pay a one-time levy of EUR 1 billion in
2014. For ING, based on current limited information, this is estimated to
result in a charge of EUR 300-350 million.

ING Bank's core Tier 1 ratio remains strong. The levy is estimated to
correspond to an impact of approximately 12 basis points on ING Bank's core
Tier 1 ratio based on the 11.8% pro-forma core Tier 1 ratio as reported after
the EUR 1.125 million repayment to the Dutch State in November 2012.

ING will carefully assess further details on form, amount and timing of the
levy as they become available.



Media enquiries          Investor enquiries
Raymond Vermeulen          ING Group Investor Relations
+31 20 576 6369            +31 20 576 6396
Raymond.Vermeulen@ing.com  Investor.Relations@ing.com

ING PROFILE
ING is a global financial institution of Dutch origin, offering banking,
investments, life insurance and retirement services to meet the needs of a
broad customer base. Going forward, we will concentrate on our position as an
international retail, direct and commercial bank, while creating an optimal
base for an independent future for our insurance and investment management
operations.

IMPORTANT LEGAL INFORMATION
Certain of the statements contained in this document 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, without limitation: (1) changes in general economic conditions, in
particular economic conditions in ING's core markets, (2) changes in
performance of financial markets, including developing markets, (3)
consequences of a potential (partial) break-up of the euro, (4) the
implementation of ING's restructuring plan to separate banking and insurance
operations, (5) changes in the availability of, and costs associated with,
sources of liquidity such as interbank funding, as well as conditions in the
credit markets generally, including changes in borrower and counterparty
creditworthiness, (6) the frequency and severity of insured loss events, (7)
changes affecting mortality and morbidity levels and trends, (8) changes
affecting persistency levels, (9) changes affecting interest rate levels, (10)
changes affecting currency exchange rates, (11) changes in investor, customer
and policyholder behaviour, (12) changes in general competitive factors, (13)
changes in laws and regulations, (14) changes in the policies of governments
and/or regulatory authorities, (15) conclusions with regard to purchase
accounting assumptions and methodologies, (16) changes in ownership that could
affect the future availability to us of net operating loss, net capital and
built-in loss carry forwards, (17) changes in credit-ratings, (18) ING's
ability to achieve projected operational synergies and (19) the other risks
and uncertainties detailed in the risk factors section contained in the most
recent annual report of ING Groep N.V. 

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 buy, any securities.



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