Amsterdam, 5 February 2024
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ING to propose Deloitte as new external auditor
ING will propose to the 2024 Annual General Meeting of Shareholders to appoint Deloitte Accountants
BV as its next external auditor for a term of four years starting on 1 January 2026. The AGM will take
place on 22 April 2024.
Under European and Dutch legislation, ING is required to change its auditor at regular intervals. The
nomination of Deloitte is the result of a thorough tender process overseen by the Audit Committee of
the Supervisory Board and in accordance with the ING Group Policy on Auditors Independence.
The audit of the 2023, 2024 and 2025 annual accounts will still be performed by KPMG Accountants
NV, who have been ING’s auditor since January 2016 and will have reached the legally set maximum
duration of 10 years at the end of 2025.
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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 60,000
employees offer retail and wholesale banking services to customers in over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange
(ADRs: ING US, ING.N).
Sustainability is an integral part of ING’s strategy, evidenced by ING’s leading position in sector benchmarks. ING's
Environmental, Social and Governance (ESG) rating by MSCI was affirmed 'AA' in July 2023. As of December 2023, Sustainalytics
considers ING’s management of ESG material risk to be ‘strong’. ING Group shares are also included in major sustainability and
ESG index products of leading providers Euronext, STOXX, Morningstar and FTSE Russell.
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 (‘Market Abuse Regulation’).
ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In
preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2022 ING Group
consolidated annual accounts. The financial statements for 2023 are in progress and may be subject to adjustments from subsequent events. All figures in this
document are unaudited. Small differences are possible in the tables due to rounding.
Certain of the statements contained herein (including the statements contained in the section entitled ‘2024 Outlook’ in this document) 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 and customer behaviour, in particular economic
conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia
into Ukraine and related international response measures (2) ongoing and residual effects of the Covid-19 pandemic and related response measures on
economic conditions in countries in which ING operates (3) changes affecting interest rate levels (4) any default of a major market participant and related
market disruption (5) changes in performance of financial markets, including in Europe and developing markets (6) fiscal uncertainty in Europe and the United
States (7) discontinuation of or changes in ‘benchmark’ indices (8) inflation and deflation in our principal markets (9) changes in conditions in the credit and
capital markets generally, including changes in borrower and counterparty creditworthiness (10) failures of banks falling under the scope of state
compensation schemes (11) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic