ING 1Q2023 Financial Targets Update

Well-diversified Commercial Real Estate (CRE) portfolio Portfolio overview ■ CRE portfolio of €47.9 bln (5.9% of loan book) vs €56 bln cap, with a low Stage 3 ratio of 1.0% and average 47% LtV Strict underwriting criteria ■ Prudent underwriting criteria including strict cash flow covenants) and affordability check at higher interest rates Focus on diversified portfolios (in principle no single tenants or assets) mainly with large professional parties Early anticipation of trends, such as the focus on energy- efficient buildings and the growth of e-commerce (less retail and office, more logistics) CRE by asset type (as per 1Q2023) 7% 8% 5% €47.9 bln 12% 22% 23% CRE by geography²) Office Residential Retail Industrial Mixed Construction 23% Other Office by geography²) ,3% 5% 3% 6% 2% 4% 16% 3% 1% 4% 36% 12% 6% 6% ■ Construction finance is to professional parties within a strict risk appetite (mainly residential development, minimum % of pre-sold units, recourse on shareholders with stable cash flows). No financing of speculative real estate development €47.9 bln €11.2 bln 6% 12% 11% 8% 8% 13% 17% 18% Netherlands US Poland Belux France Australia UK Germany Spain Italy Other 1) For example Interest Coverage Ratio, Debt Service Coverage Ratio, Debt Yield, Net Operating Income, Weighted Average Lease Expiry 2) Geographical split based on country of residence 22 22

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