ING Group has announced the completion of the 2024 Supervisory Review and Evaluation Process (SREP) conducted by the European Central Bank (ECB). This process determines the prudential requirements for ING, including capital requirements for the upcoming year.
The ECB's decision has left ING Group’s fully loaded Common Equity Tier 1 (CET1) requirement unchanged at 10.87%. This includes a countercyclical capital buffer of 94 basis points as of the third quarter of 2024. Additionally, the Pillar 2 additional own funds requirement (P2R) remains steady at 165 basis points and will be effective from January 1, 2025.
As reported on September 30, 2024, ING's CET1 ratio was at 14.3%, significantly above the regulatory minimums. Further details regarding ING’s capital requirements are available on their official platforms.