Investor Presentaiton

Low risk costs reflecting high quality and resilience of the loan book Risk costs per business line (in € mln)¹) Stage 2 ratio²) Stage 3 ratio 403 11.2% 1.5% 10.8% 1.5% 10.2% 1.5% 128 1.4% 269 8.9% 1.4% 152 202 65 88 98 274 88 6.6% 7.0% 7.1% 7.2% 6.9% 1.4% 1.4% 1.4% 1.4% 203 242 5.3% 1.3% 1.4% 1.3% 1.3% 113 113 5.8% 5.5% 5.2% 5.1% 1.2% -15 -90 4.5% 1.2% 2Q2022 3Q2022 4Q2022 1Q2023 2Q2023 2Q2022 3Q2022 4Q2022 1Q2023 2Q2023 Retail Banking Wholesale Banking ING Retail Banking Wholesale Banking -ING Retail Banking 2Q2022 3Q2022 4Q2022 1Q2023 2Q2023 ■ Risk costs were €98 mln, or 6 bps of average customer lending, well below the through-the-cycle average of ~25 bps -Wholesale Banking ■ €39 mln was added to management overlays, mainly reflecting the current inflation and interest environment, as well as some regular model adjustments. At the end of 2Q2023, the total amount of management overlays was €560 mln In Wholesale Banking, risk costs related to a few individual files were more than offset by a further release of Russia-related provisions as we continue to reduce our exposure. In Retail Banking, there were limited additions to risk costs in Poland, Spain and Belgium In Stage 3 we saw modest inflow of individual files with no clear trends identifiable, the Stage 3 ratio remained low at 1.4% The Stage 2 ratio decreased to 6.9%, as Stage 2 outstandings declined by €2.5 bln, mainly reflecting deleveraging in Russia and movements in the Watch List portfolio 1) Totals including Corporate Line 2) Comparative 1Q2023 numbers have been adjusted, including an IFRS 9 scope change after the adoption of IFRS 17 11

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