ING Group : Koos Timmermans to present at Goldman Sachs Conference

      ING Group : Koos Timmermans to present at Goldman Sachs Conference

Today, Koos Timmermans, Vice-Chairman of ING Bank, will address the Goldman
Sachs Seventeenth Annual European Financials Conference in Brussels.

In his presentation, Mr Timmermans will demonstrate how ING Bank's balance
sheet optimisation programme is ahead of plan. After taking major strides in
2012 to optimise the balance sheet and de-risk the investment portfolio, ING
Bank is now comfortably meeting its capital, funding and liquidity targets,
creating room to selectively grow the loan book and to focus on improvement of
the Net Interest Margin.

Mr Timmermans will show how ING Bank's conservative risk approach has led to a
relatively low risk profile despite the uptick in risk costs due to the
economic downturn.

Elaborating on the Bank's progress on reaching its long-term targets as laid
down in the Ambition 2015 programme, Mr Timmermans will reiterate how the Bank
is further optimising its cost structure ensuring that the cost/income target
of 50-53% will be reached by 2015. He will conclude his presentation by
showing how ING Bank is on track to reach the Return on Equity target of
10-13% by the same year.

Today's presentation "Towards Ambition 2015" by Koos Timmermans can be
viewed/downloaded via ING's corporate website or SlideShare.

Press enquiries                             Investor enquiries
Frans Middendorff                           Investor Relations
+31 20 57 66385                             +31 20 57 66396
Frans.Middendorff@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 herein 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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