Stress test reaffirms ING’s capital strength and ability to deliver for our clients

The European Union (EU) announced the results of its stress testing of Europe’s 91 largest banks on Friday 23 July 2010. As expected, ING performed very well in the test, reaffirming its strong capital position for the years ahead.

The stress test simulated how Europe’s banks would cope under worsening economic conditions and identified which banks would need to raise capital in order to be in line with a minimum benchmark set by the EU.

ING comfortably passed the CEBS (Committee of European Bank Supervisors) stress test. The adverse scenarios would lead to a Tier 1 ratio (the main measure of a bank’s financial strength from a regulator’s point of view) of 8.8% in 2011, which is comfortably above the CEBS minimum benchmark of 6%.

The result does not require ING to source any additional capital and shows that ING has more than sufficient buffer to absorb adverse shocks. The stress test results show ING would have a Tier 1 capital that is EUR 11.9 billion higher than the required Tier 1 capital based on the CEBS Tier 1 ratio benchmark of 6%.

This satisfactory result reaffirms ING confidence in the future and further supports the success of its businesses in the interests of its customers and all other stakeholders. ING has always strongly supported balanced stress tests and hopes this European stress test initiative will contribute to improving confidence in the financial industry.

For more details please visit www.ing.com