# ING Group N.V. - Recent Events (fiscal Q2 2026) ING Groep N.V. reports in euros on Form 6-K. Amounts below are converted from euros to US dollars (average rate for flows over a period, closing rate for balances and one-day events); percentages, ratios and share counts are as the company gives them. ## Filings that contain financial statements - **Form 6-K, accession 0001628280-26-050785, filed 2026-07-30.** Condensed consolidated interim financial information for the six months ended 30 June 2026 (unaudited): statement of financial position, statement of profit or loss, statement of comprehensive income, statements of changes in equity and statement of cash flows, with notes (including Note 20, businesses acquired, and Note 21, subsequent events). - **Form 6-K, Exhibit 99.1, accession 0001171843-26-005044, filed 2026-07-30.** ING press release for 2Q2026 with unaudited results tables: consolidated results with 2Q2026, 1Q2026, 2Q2025, 6M2026 and 6M2025 columns, segment results, a condensed balance sheet, the change in shareholders' equity and capital figures. - **Form 6-K, accession 0001171843-26-006947, filed 2026-10-29.** The 3Q2026 results press release. On EDGAR it is a summary of results with a link to a PDF and carries no financial statement tables. It falls after the quarter and is covered below as a later event. ## Second-quarter results and outlook - **2026-07-30 - 2Q2026 results (0001171843-26-005044).** Net result was $2.26 billion, up 16% year on year and 25% on 1Q2026. Profit before tax was $3.40 billion, up 23% year on year and 29% quarter on quarter. Fee income was $1.49 billion, up 14% year on year. Return on tangible equity was 17.0% for the quarter (14.5% on a four-quarter rolling basis) and the CET1 ratio was 13.1%. Net core lending grew by $17.68 billion and net core deposits by $18.49 billion in the quarter; mobile primary customers rose by 377,000. Risk costs were 15 basis points of average customer lending. Another significant risk-transfer transaction completed in the quarter gave $1.16 billion of risk-weighted-asset relief. - **Guidance raised (same release).** ING upgraded its 2026 and 2027 outlook. For 2026, total income is now expected to exceed $28.45 billion, including about $5.81 billion of fee income; operating expenses (excluding incidental items after 1Q2026) are projected at $14.63 billion to $14.86 billion; return on tangible equity is expected above 15%. For 2027, total income is expected to exceed $30.19 billion, with fee income of $6.15 billion to $6.39 billion, operating expenses of about $15.09 billion and return on tangible equity above 16%. CET1 guidance is unchanged at about 13%. The outlook excludes any impact of an exit from Russia. - **Interim dividend (same release).** An interim dividend for the first half of 2026 of $0.47 per ordinary share (up from the prior-year first-half interim dividend) was paid in cash on 10 August 2026, with the ex-date on 3 August 2026. Because ING's American depositary shares represent one ordinary share each, the per-ADS amount is the same. The final 2025 dividend of $2.46 billion was paid during the second quarter and reduced shareholders' equity. ## Capital actions - **Share buyback (programme announced 30 April 2026).** The programme was for up to $1.17 billion, scheduled to end no later than 26 October 2026. By 30 June 2026 about 13.5 million shares had been repurchased for $399.60 million (0001171843-26-005044). ING then filed weekly progress notices on Form 6-K. Cumulative completion rose from 39.24% in the notice of 14 July 2026 (0001171843-26-004617) to 45.16% on 28 July (0001171843-26-004908), 61.74% on 25 August (0001171843-26-005725), 82.05% on 29 September (0001171843-26-006268) and 96.48% on 20 October (0001171843-26-006699). - **2026-10-27 - Buyback completed (0001171843-26-006831).** ING reported the programme complete with 34,954,008 shares repurchased. Purchases exceeded 100% of the maximum amount because of performance arrangements with the executing broker; ING's total consideration was limited to the programme size and the broker funded the excess. - **2026-08-14 - Senior note redemption (0001171843-26-005519).** ING announced it would redeem in full USD 500 million of Callable Floating Rate Senior Notes due 2027 and USD 1,250 million of 6.083% Callable Fixed-to-Floating Rate Senior Notes due 2027 on their call date of 11 September 2026, at principal plus accrued interest. - **2026-09-17 - Additional Tier 1 redemption (0001171843-26-006079).** ING announced it would redeem USD 1,500 million of 5.750% Perpetual Additional Tier 1 Contingent Convertible Capital Securities on the call date of 16 November 2026, at principal plus accrued interest. - **2026-10-29 - New distribution (0001171843-26-006948; announced with 0001171843-26-006947).** ING announced a shareholder distribution of up to $2.13 billion, made up of a share buyback of up to $1.85 billion and a cash payment of $279.98 million, to keep CET1 near its ~13% target. The buyback began on 29 October 2026 and is to end no later than 26 April 2027; the cash payment is due 14 January 2027. The ECB has approved the distribution, and the filing says the roughly 56 basis point CET1 effect is already included in the 13.3% reported for 3Q2026. ## Acquisitions and strategy - **Goldman Sachs TFI (Poland) - closed.** On 24 April 2026 ING Bank Slaski acquired the remaining 55% of Goldman Sachs TFI for cash consideration of $110.15 million, bringing ING to full ownership. The filing records goodwill of $131.44 million and a $29.08 million gain on revaluing the existing 45% stake (Note 20); TFI has been consolidated since the second quarter (0001628280-26-050785, Note 20; 0001171843-26-005044). - **2026-07-06 - Singular Bank (Spain) - signed, not closed (0001171843-26-004462).** ING announced it will acquire a stake of about 40% in Spanish private bank Singular Bank, which has about $21.71 billion of client invested assets, from Warburg Pincus. Closing is expected in the first quarter of 2027, subject to customary regulatory approvals, with minimal expected CET1 impact. The interim statements treat it as a subsequent event (Note 21). - **Russia.** The interim statements say that in April 2026 ING terminated the agreement to sell its business in Russia, judging there was no realistic expectation the buyer would obtain the necessary approvals, so the business is no longer treated as held for sale (0001628280-26-050785, Note 1). The 2Q2026 outlook excludes the potential impact of the intended exit. - **2026-10-29 - Wholesale Banking (0001171843-26-006947).** The 3Q2026 release says ING is refocusing and simplifying Wholesale Banking; the EDGAR summary gives no further detail. ## Management, governance and regulation - **2026-04-21 and 2026-05-12 - Rating actions on ING Bank N.V. (0001171843-26-005044).** On 21 April 2026 Moody's lowered ING Bank N.V.'s long-term issuer and senior unsecured ratings from A1 to A2, which the release ties to EU-wide full depositor preference under the CMDI package rather than to a change in ING's fundamentals. On 12 May 2026 Fitch raised ING Bank N.V.'s long-term issuer rating from AA- to AA following its updated bank rating criteria. - **2026-07-31 - Extraordinary General Meeting (0001171843-26-005100).** Shareholders approved Andrea Cesaroni as a member of the Executive Board (CRO). From 31 July 2026 the board is Steven van Rijswijk (CEO), Ida Lerner (CFO) and Andrea Cesaroni (CRO). - **2026-08-25 - Supervisory Board (0001171843-26-005722).** Alexandra Reich announced her resignation from the Supervisory Board effective 1 September 2026. - **2026-10-28 - ECB capital requirements (0001171843-26-006879).** The 2026 SREP outcome left the Pillar 2 requirement at 170 basis points; the fully loaded CET1 requirement is 11.12% and the total capital requirement 15.37%. The leverage ratio requirement is 3.6%. At 30 June 2026 ING's CET1 ratio was 13.1% and its leverage ratio 4.2%. ## Later results (after quarter end) - **2026-10-29 - 3Q2026 results (0001171843-26-006947).** Net result was $2.13 billion, up 3.5% year on year; profit before tax $3.11 billion, up 5.7%; fee income $1.46 billion, up 9.3%; return on tangible equity 16.3%; CET1 ratio 13.3%. Two further significant risk-transfer transactions gave $3.45 billion of risk-weighted-asset relief. Risk costs were affected by a management overlay. Management said ING is on track for its 2026 outlook and will hold a Capital Markets Day on 14 June 2027. This release is a summary with a PDF link and has no statement tables. ## Other - Weekly share buyback notices were the bulk of the Form 6-K filings from July through October 2026 and are summarised above. - Legal matters disclosed in the interim statements (Dutch consumer-credit compensation, climate litigation brought by Milieudefensie, and claims from Russia-linked entities) are described as ongoing; ING states no material legal provision is currently required for the Russian claims (0001628280-26-050785, Note 19).