ING Direct 2013 Annual Report Download - page 392

Corporate credit risk disclosure
This table presents READ, segmented by relevant factors, and the analysis for the exposure class ‘Corporates’. The Industry breakdown
for this table is based on the NAICS system (North American Industry Classification System).
Corporate - credit risk disclosure in READ
2013 2012 Delta %
Corporate Total per rating 216,408 241,043 –10.2%
Performing 206,452 231,535 –10.80%
Impaired/Non-performing 9,956 9,508 4.70%
Corporate Geography/business units 216,408 241,043 –10.20%
Africa 727 731 –0.60%
America 23,626 28,573 –17.30%
Asia 20,464 22,074 –7. 30%
Australia 2,722 3,333 –18.30%
Europe 168,870 186,332 –9.40%
Europe 168,870 186,332 –9.40%
Netherlands 56,425 64,952 –13.10%
Belgium 29,840 31,772 – 6.10%
Germany 5,154 6,005 –14.20%
Rest of Europe 77,450 83,604 –7.4 0%
Corporate Industry 216,408 241,043 –10.20%
Real Estate 42,279 51,371 –17.70%
Natural Resources 37,046 41,665 –11.10%
Transportation & Logistics 21,434 9,252 131.70%
Food, Beverages & Personal Care 15,717 22,060 –28.80%
Services 15,109 18,084 –16.50%
Other 84,823 98,611 –14.00%
Corporate PD Bands 216,408 241,043 –18.40%
<0.05% 9,106 13,989 –34.90%
0.05% to 0.5% 92,315 89,922 –19.20%
0.5% to 5% 84,089 104,606 –19.60%
5% to 10% 7,235 9,059 –20.10%
10% to 20% 5,531 7,026 –21.30%
20% to 50% 8,170 6,820 19.80%
more than >50% 9,961 9,620 3.50%
Includes both AIRB and SA portfolios; excludes equities and ONCOA.
The off balance commitment calculations, which is a factor of the READ, has now been brought more in line with the actual experience for
the best rated Corporates and Institutions portfolios, resulting in a significant READ decrease. ING now has a long track record of showing
that it is too conservative as a minimal amount of guarantees and LC’s has been called resulting in a significant READ decrease. The
targeted reduction of the REF portfolio, the sale of ING’s Real Estate Finance (US) assets to Wells Fargo and the further decline of the ING
Lease run-off portfolio have contributed to the decline and have led to an improvement of the risk profile of the Corporates portfolio.
Additional Pillar 3 information continued
390 ING Group Annual Report 2013