ING Direct 2015 Annual Report Download - page 183

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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
2015
2014
Region
Forborne
assets
Of which:
Perfor-
ming
Of which:
Non-Perfor-
ming
Forborne
assets
Of which:
Perfor-
ming
Of which:
Non-Perfor-
ming
Europe
Netherlands
1,229
406
823
1,690
762
928
Belgium
63
17
46
129
34
94
Germany
5
5
0
62
36
26
Ukraine
641
0
640
217
38
180
Italy
549
145
404
320
134
186
Spain
263
101
162
227
149
78
Rest of Europe
497
182
315
778
251
526
Africa
92
0
92
9
9
0
America
237
7
230
165
18
147
Asia
80
18
62
61
6
55
Australia
0
0
0
0
0
0
Total
3,655
881
2,774
3,657
1,437
2,221
2015
2014
Forborne
assets
Of which:
Perfor-
ming
Of which:
Non-Perfor-
ming
Forborne
assets
Of which:
Perfor-
ming
Of which:
Non-Perfor-
ming
Real Estate
1,327
383
944
1,560
858
702
Natural Resources
960
26
934
390
85
305
General Industries
316
105
211
319
71
247
Services
213
125
88
170
54
116
Transportation & Logistics
208
55
153
194
57
137
Utilities
186
2
184
246
52
193
Builders & Contractors
182
113
70
429
165
264
Food, Beverages & Personal Care
68
37
32
71
24
47
Retail
42
3
38
53
2
51
Telecom
38
9
29
60
0
59
Non-Bank Financial Institutions
30
3
27
46
10
36
Automotive
27
3
24
22
16
6
Other
57
17
40
98
42
56
Total
3,655
881
2,774
3,657
1,437
2,221
The overall amount of Wholesale Banking forborne assets remained flat compared to 2014. The forborne assets are mainly
concentrated in Real Estate and Natural Resources. Together they account for 63% (2014: 53%) of the total forborne assets portfolio
and 68% (2014: 45%) of the total non-performing forborne assets portfolio.
Even though the Real Estate sector stabilized slightly compared to previous years, the impact of the prior deterioration is still visible in
the forborne assets, due to its probation periods. The decrease in the performing Real Estate forborne assets was mainly driven by
outflow in the Netherlands , due to sale and repayments. While on the other hand, the non-performing forborne assets increased
mainly due to new inflow, coming from the Netherlands and Italy, for which the latter one was the result of expanding the forborne
assets definition.
The increase in the non-performing forborne assets in Natural Resources was mostly attributable to Mining activities in the Ukraine
which is caused by the negative political and economic situation in the region. The increase in Natural Resources was offset by outflow
from the non-performing forborne assets, mainly seen in the United Kingdom, of which the largest contributor was a bankrupt client.
Another bankruptcy in the Netherlands resulted in a decrease in forborne assets in Builders & Contractors.
Wholesale Banking: Forborne assets by Geographical Region
Wholesale Banking: Forborne assets by Industry
ING Bank Annual Report 2015 181