ING Direct 2009 Annual Report Download - page 255
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Regulatory required capital ING Group
2009 2008
Shareholders’ equity (parent) 33,863 17,33 4
Core Tier 1 securities 5,000 10,000
Excluding: Revaluation reserves (1) 1,953 10,044
Group hybrid capital 11,478 11,655
Goodwill and intangibles deductible from Tier 1 –3,244 –3,275
Minorities 915 1,593
Capital base ING Group 49,966 47,351
Subordinated loans ING Bank N.V. (included in Tier 2) 10,127 11,879
Subordinated loans ING Verzekeringen N.V. 2,250 2,250
Capital base including subordinated loans 62,343 61,480
Required capital banking operations 28,709 34,369
Required capital insurance operations 7,774 8,582
Total required capital 36,484 42,951
Surplus capital 25,859 18,529
Group capital ratio 171% 143%
(1) Revaluation reserves debt securities, crediting to life policyholders and cashflow hedge (see ING’s Capital base table).
Capital adequacy and ratios
Quantitative disclosures on capital measures and ratios
Group Bank Insurance
2009 2008 2009 2008 2009 2008
Tier 1 ratio (Bank)
Year-end actual Tier 1 ratio 10.23% 9.32%
Regulatory minimum Tier 1 ratio 4.00% 4.00%
Target minimum Tier 1 ratio 9.00% 7.20%
BIS ratio (Bank)
Year-end actual BIS ratio 13.46% 12.78%
Regulatory minimum BIS ratio 8.00% 8.00%
Target minimum BIS ratio 10.50% 10.80%
Capital coverage ratio (Insurance)
Year-end actual Capital coverage ratio 270% 256%
Required capital 100% 100%
Target ratio 150% 150%
Debt/Equity ratio
Debt/Equity ratio 12.35% 13.55% 9.74% 8.78%
Target maximum Debt/Equity ratio 15.00% 15.00% 15.00% 15.00%
ING Group Annual Report 2009 253
Capital management (continued)
2.1 Consolidated annual accounts