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ING Group 2019 SREP process completed

Written by Customer Service on . Posted in Public Companies.

ING Group 2019 SREP process completedING Group has been notified of the European Central Bank (ECB) decision on the 2019 Supervisory Review and Evaluation Process (SREP), based on which it has taken a decision on ING’s prudential requirements, including capital requirements for 2020.The common equity Tier 1 requirement for ING Group will increase during the year from the current 11.83% to 11.96% as of 1 August 2020. The higher requirement  is caused by the increase of the mandatory countercyclical buffer in 2020.As of 31 October 2019, ING fully-loaded common equity Tier 1 ratio was 14.6%, well in excess of the regulatory requirements.Further information on our capital requirements and resolution plans can be found in the updated ING Group Credit Update presentation on the Fixed Income Section of our website.Note for editorsFor further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news Twitter feed. Photos of ING operations, buildings and its executives are available for download at Flickr. Footage (B-roll) of ING is available via ing.yourmediakit.com or can be requested by emailing info@yourmediakit.com. ING presentations are available at SlideShare. AttachmentING Group 2019 SREP process completed

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