ING GROEP NV
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Feb 26, 2026
Contents
Cover page
Show cover page
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 20-F
(Mark One)
| ☐ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
OR
For the fiscal year ended 31 December 2025
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
OR
| ☐ | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
Commission File Number:001-14642
ING GROEP NV
(Exact name of Registrant as specified in its charter)
ING GROUP
(Translation of Registrant’s name into English)
(Jurisdiction of incorporation or organization)
P.O. Box 1800,1000 BV Amsterdam
(Address of principal executive offices)
Erwin Olijslager
Telephone: +31 20 564 7705
E-mail: Erwin.Olijslager@ing.com
(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Securities registered or to be registered pursuant to Section 12(b) of the Act.
| Title of each class | Trading symbols | Name of each exchange on which registered |
|---|---|---|
| American Depositary Shares | ING | New York Stock Exchange |
| Ordinary shares | New York Stock Exchange(i) | |
| 3.950% Fixed Rate Senior Notes due 2027 | ING27 | New York Stock Exchange |
| 4.550% Fixed Rate Senior Notes due 2028 | ING28 | New York Stock Exchange |
| 4.050% Fixed Rate Senior Notes due 2029 | ING29 | New York Stock Exchange |
| 1.726% Callable Fixed-to-Floating Rate Senior Notes due 2027 | ING27A | New York Stock Exchange |
| 2.727% Callable Fixed-to-Floating Rate Senior Notes due 2032 | ING32 | New York Stock Exchange |
| Callable Floating Rate Senior Notes due 2027 | ING27B | New York Stock Exchange |
| 4.017% Callable Fixed-to-Floating Rate Senior Notes due 2028 | ING28A | New York Stock Exchange |
| 4.252% Callable Fixed-to-Floating Rate Senior Notes due 2033 | ING33 | New York Stock Exchange |
| 6.083% Callable Fixed-to-Floating Rate Senior Notes due 2027 | ING27C | New York Stock Exchange |
| $500,000,000 Callable Floating Rate Senior Notes due 2027 | ING27D | New York Stock Exchange |
| $1,250,000,000 6.114% Callable Fixed-to-Floating Rate Senior Notes due 2034 | ING34 | New York Stock Exchange |
| 5.335% Callable Fixed-to-Floating Rate Senior Notes due 2030 | ING30 | New York Stock Exchange |
| 5.550% Callable Fixed-to-Floating Rate Senior Notes due 2035 | ING35 | New York Stock Exchange |
| 4.858% Callable Fixed-to-Floating Rate Senior Notes due 2029 | ING29A | New York Stock Exchange |
| 5.066% Callable Fixed-to-Floating Rate Senior Notes due 2031 | ING31 | New York Stock Exchange |
| 5.525% Callable Fixed-to-Floating Rate Senior Notes due 2036 | ING36 | New York Stock Exchange |
| Callable Floating Rate Senior Notes due 2029 | ING29B | New York Stock Exchange |
(i)Not for trading, but only in connection with the registration of American Depositary Shares representing
such ordinary shares, pursuant to the requirements of the Securities and Exchange Commission.
Securities registered or to be registered pursuant to Section 12(g) of the Act. None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act. None
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the
close of the period covered by the annual report.
Ordinary Shares, nominal value EUR 0.01 per Ordinary Share 2,902,437,688
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act. ☒Yes ☐ No
If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. ☐ Yes☒ No
Note — Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or
15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of
the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
☒Yes ☐ No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to
be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or
for such shorter period that the registrant was required to submit and post such files). ☒Yes ☐ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, or an emerging growth company. See definition of “large accelerated filer,” accelerated filer,” and “emerging
growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Emerging growth company ☐
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.☐
| † | The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. |
|---|
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s
assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the
Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit
report.☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial
statements of the registrant included in the filing reflect the correction of an error to previously issued financial
statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis
of incentive based compensation received by any of the registrant’s executive officers during the relevant recovery
period pursuant to §240.10D-1(b).☐
Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements
included in this filing:
| U.S. GAAP ☐ | International Financial Reporting Standards as issued by the International Accounting Standards Board ☒ | Other ☐ |
|---|
If “Other” has been checked in response to the previous question, indicate by check mark which financial
statement item the registrant has elected to follow.
☐ Item 17 ☐ Item 18
If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). ☐ Yes☒ No
| ING Group Annual Report on Form 20-F | Contents | Part I | Part II | Part III | Additional information | Financial statements | 5 |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.