ING Direct 2015 Annual Report Download - page 177

Contents
Who we are
Report of the
Management
Board
Corporate
Governance
Consolidated
annual accounts
Parent company
annual accounts
Other
information
Additional
information
Notes to the Consolidated annual accounts of ING Bank - continued
Wholesale Banking Retail Banking Benelux
Retail Challengers &
Growth Markets Corporate Line Total ING Bank
2015
2014
2015
2014
2015
2014
2015
2014
2015
2014
Private Individuals
0.1%
0.0%
74.0%
73.6%
62.9%
59.6%
0.0%
0.0%
39.4%
40.9%
Commercial Banks
14.3%
15.4%
0.3%
0.3%
7.8%
8.1%
54.6%
45.1%
8.8%
8.8%
Central Governments
10.5%
11.9%
1.2%
1.2%
7.1%
8.0%
34.1%
35.0%
7.0%
7.5%
Non-Bank Financial
Institutions
11.7%
12.2%
0.8%
0.8%
4.3%
5.0%
11.3%
19.9%
6.4%
6.5%
Real Estate
10.0%
10.3%
4.7%
4.9%
0.8%
0.7%
0.0%
0.0%
5.8%
5.7%
Natural Resources
13.0%
14.0%
0.4%
0.4%
0.7%
0.6%
0.0%
0.0%
5.7%
5.6%
Central Banks
8.4%
4.2%
0.1%
0.1%
1.6%
1.7%
0.0%
0.0%
4.0%
2.1%
Transportation &
Logistics
7.6%
7.4%
1.1%
1.2%
0.4%
0.3%
0.0%
0.0%
3.6%
3.3%
Lower Public
Administration
0.9%
0.9%
2.4%
2.7%
7.0%
8.0%
0.0%
0.0%
3.0%
3.5%
Food, Beverages &
Personal Care
3.8%
3.4%
2.1%
2.1%
1.4%
1.2%
0.0%
0.0%
2.6%
2.3%
Services
3.1%
2.9%
3.6%
3.3%
0.7%
0.5%
0.0%
0.0%
2.5%
2.3%
General Industries
3.3%
3.8%
1.5%
1.5%
1.7%
1.3%
0.0%
0.0%
2.3%
2.3%
Other
13.3%
13.6%
7.8%
7.9%
3.6%
5.0%
0.0%
0.0%
9.0%
9.2%
Total
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
1 Based on the total amount of credit risk in the respective column using ING Bank’s internal credit risk measurement methodologies. Economic sectors below 2%
are not shown separately but grouped in Other.
During 2015, the overall portfolio continued to expand, which caused shifts in the concentration per economic sector. A prominent
place is taken by Non-Bank Financial Institutions, due to increased positions at CCPs, and by Commercial Banks which are traditionally
the largest concentrations. The Central Bank concentration increased mainly due to regulatory reserve deposits at the Central Banks in
Europe and Japan. The concentration of mortgages continued to decrease, reflected in the decreased private individuals figure. The
share of Real Estate in the bank's portfolio increased slightly due to increased exposure in the primary markets.
Country risk
Growth in the portfolio was mainly observed in Wholesale Banking, where Netherlands and Rest of Europe showed the largest increase
in absolute figures. On the other hand there was a decrease in Retail Banking Benelux, mainly seen in the Netherlands, due to lower
proportion of Dutch mortgages in the overall portfolio.
Wholesale Banking Retail Banking Benelux
Retail Challengers &
Growth Markets Corporate Line Total ING Bank
2015
2014
2015
2014
2015
2014
2015
2014
2015
2014
Netherlands
16.5%
15.2%
67.4%
68.5%
0.5%
0.8%
56.5%
49.2%
27.6%
28.2%
Belgium
7.1%
6.6%
30.4%
29.5%
0.6%
0.4%
0.0%
0.0%
12.0%
12.0%
Germany
4.9%
5.0%
0.2%
0.2%
43.7%
44.9%
4.4%
4.1%
13.2%
14.1%
Rest of Europe2
40.5%
41.8%
1.8%
1.6%
37.6%
35.9%
1.5%
2.1%
28.2%
27.4%
Americas
18.1%
17.2%
0.1%
0.1%
1.5%
1.4%
0.2%
7.2%
8.6%
7.6%
Australia
0.9%
1.0%
15.9%
16.3%
0.3%
0.3%
3.4%
3.5%
Asia/Pacific
11.2%
12.3%
0.1%
0.1%
0.2%
0.3%
37.1%
37.1%
6.6%
6.8%
Rest of World
0.8%
0.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.4%
0.4%
Total
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
1 Geographic areas are based on the primary country of risk and not based on country of residence for private individuals.
2 The top 5 exposures within Rest of Europe are to United Kingdom, Spain, France, Poland and Italy
Risk concentration: ING Bank portfolio, by economic sector1
Largest economic exposures: ING Bank portfolio, by geographic area1
ING Bank Annual Report 2015 175