ING Groep (INGA) investor relations material

Executive summary

• Accelerated growth in customer base and balances, with 1.1 million new mobile primary customers year-over-year and 8.1% annualized net core lending growth in 2Q2026, exceeding the 5% outlook.

• Net result for 2Q2026 reached €1,947 million, up 16% year-over-year and 25% sequentially, driven by strong commercial momentum and growth in both interest and fee income.

• Strategy execution has led to upgraded outlooks for 2026 and 2027, with higher ROTE and income targets, and positive operating jaws.

• Fee income and sustainable financing volumes have grown significantly, supporting income diversification.

Financial highlights

• Total income increased by 10% year-over-year to €6,284 million in 2Q2026, driven by commercial net interest income and fee growth.

• Net profit of EUR 6.7 billion over the past 12 months; EPS up 16% year-on-year.

• Net interest income increased 16.7% year-over-year to €4,126 million; net fee and commission income rose 13.9% to €1,278 million.

• Net core lending grew by €15.2 billion and net core deposits by €15.9 billion in 2Q2026.

• Core equity Tier 1 ratio improved to 13.1%.

Outlook and guidance

• Upgraded 2026 and 2027 outlook: total income expected to exceed €24.5 billion in 2026 and €26 billion in 2027.

• Fee income projected at ~€5.0 billion in 2026 and €5.3–5.5 billion in 2027.

• Operating expenses expected between €12.6–12.8 billion in 2026.

• ROTE expected to exceed 15% in 2026 and 16% in 2027.

• CET1 capital ratio guidance maintained at ~13%.