EBA reports on outcome of 2018 EU-wide stress test
02 Noviembre 2018 - 11:07AM
ING Group was subject to the 2018 EU-wide stress
test conducted by the European Banking Authority (EBA), in
cooperation with the De Nederlandsche Bank, the European Central
Bank (ECB), and the European Systemic Risk Board (ESRB). ING Group
notes the announcements made today by the EBA on the EU-wide stress
test and fully acknowledges the outcomes of this exercise.
The 2018 EU-wide stress test does not contain a
pass fail threshold and instead is designed to be used as an
important source of information for the purposes of the SREP. The
results will assist competent authorities in assessing ING Group's
ability to meet applicable prudential requirements under stressed
scenarios.
The adverse stress test scenario was set by the
ECB/ESRB and covers a three-year time horizon (2018-2020). The
stress test has been carried out applying a static balance sheet
assumption as at December 2017, and therefore does not take into
account future business strategies and management actions. It is
not a forecast of ING Group's profits.
Under the hypothetical baseline scenario and EBA's
methodological instructions, ING Group would have a fully loaded
common equity Tier 1 capital ratio (CET1) of 13.99% in 2020. Under
the hypothetical adverse scenario and EBA's methodological
instructions, ING Group would have a fully loaded CET1 ratio of
10.70% in 2020. ING Group published an actual fully loaded CET1
ratio of 14.51% per 31 December 2017. As of 30 September 2018 ING
Group reported a fully loaded CET1 ratio of 14,0%.
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Note for editors
Detailed information on the outcome of the 2018
EU-wide stress test is provided by the EBA through disclosure
templates available at eba.europa.eu.
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ING PROFILE
ING is a global financial institution with a strong European base,
offering banking services through its operating company ING Bank.
The purpose of ING Bank is empowering people to stay a step ahead
in life and in business. ING Bank's more than 52,000 employees
offer retail and wholesale banking services to customers in over 40
countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA AS,
INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING
US, ING.N).
Sustainability forms an integral part of ING's strategy, evidenced
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IMPORTANT LEGAL INFORMATION
Elements of this press release contain or may contain information
about ING Groep N.V. and/ or ING Bank N.V. within the meaning of
Article 7(1) to (4) of EU Regulation No 596/
2014.
Projects may be subject to regulatory approvals.
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 a number of factors, including, 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) potential consequences of European
Union countries leaving the European Union or a break-up of the
euro, (4) changes in the availability of, and costs associated
with, sources of liquidity such as interbank funding, as well as
conditions in the credit and capital markets generally, including
changes in borrower and counterparty creditworthiness,
(5) changes affecting interest rate levels, (6) changes
affecting currency exchange rates, (7) changes in investor and
customer behaviour, (8) changes in general competitive
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under International Financial Reporting Standards (IFRS) and
the application thereof, (12) conclusions with regard to
purchase accounting assumptions and methodologies, and other
changes in accounting assumptions and methodologies including
changes in valuation of issued securities and credit market
exposure, (13) changes in ownership that could affect the
future availability to us of net operating loss, net capital and
built-in loss carry forwards, (14) changes in credit ratings,
(15) the outcome of current and future legal and regulatory
proceedings, (16) operational risks, such as system
disruptions or failures, breaches of security, cyber attacks, human
error, changes in operational practices or inadequate controls
including in respect of third parties with which we do business,
(17) the inability to protect our intellectual property and
infringement claims by third parties, (18) the inability to
retain key personnel, (19) business, operational, regulatory,
reputation and other risks in connection with climate change,
(20) ING's ability to achieve its strategy, including
projected operational synergies and cost-saving programmes and
(21) the other risks and uncertainties detailed in the most
recent annual report of ING Groep N.V. (including the Risk Factors
contained therein) and ING's more recent disclosures,
including press releases, which are available on www.ING.com. Many
of those factors are beyond ING's control.
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.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 purchase, any securities in the United
States or any other jurisdiction. |
EBA reports on outcome of 2018
EU-wide stress test
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announcement is distributed by West Corporation on behalf of West
Corporation clients.
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information contained therein.
Source: ING Group via Globenewswire
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