ING Groep NV (ING Groep NV) Credit Losses Provision : $558 Mil (As of Dec. 2023)

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What is ING Groep NV Credit Losses Provision?

ING Groep NV's credit losses provision for the three months ended in Dec. 2023 was $94 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $558 Mil.

ING Groep NV's quarterly credit losses provision increased from Jun. 2023 ($106 Mil) to Sep. 2023 ($195 Mil) but then declined from Sep. 2023 ($195 Mil) to Dec. 2023 ($94 Mil).

ING Groep NV's annual credit losses provision increased from Dec. 2021 ($555 Mil) to Dec. 2022 ($1,971 Mil) but then declined from Dec. 2022 ($1,971 Mil) to Dec. 2023 ($540 Mil).

ING Groep NV Credit Losses Provision Historical Data

The historical data trend for ING Groep NV's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ING Groep NV Credit Losses Provision Chart

ING Groep NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1,244.44

3,221.41

554.80

1,971.40

539.80

ING Groep NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															284.96	162.74	106.18	195.30	93.78

ING Groep NV Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $558 Mil.

ING Groep NV (ING Groep NV) Business Description

Industry

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Traded in Other Exchanges

INGVF:USA INGA:Netherlands INGA:Italy 0A2K:UK INGAa:UK 0RIC:UK INN1:Germany INNA:Germany INN1:Germany INN1:Germany INNA:Germany INN1:Germany INGG34:Brazil INGA:Austria ING:Argentina

Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.