ING Direct 2015 Annual Report Download - page 188

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
Other retail portfolio also saw an improvement, mainly in Belgium and Luxembourg. The numbers shown are conservative as the
savings pledged to the mortgage product, ‘Spaarhypotheek’ (or Mortgage with external Saving account) present in the Dutch
mortgage portfolio are not taken into account in the table above.
For the Residential Mortgages portfolio, the guarantees relate to mortgages covered by governmental insurers under the Nationale
Hypotheek Garantie (NHG) in the Netherlands. The NHG guarantees the repayment of a loan in case of a forced property sale.
Business Lending portfolio
Business Lending is an important business of ING Bank, accounting for 38.9% of the total ING Bank’s outstandings. In line with our
objective to give stakeholders insight into the portfolio, we present the Business Lending portfolio per Industry breakdown in
accordance with the NAICS definition and per Region and main market. Business Lending presented in this section does not include
Pre-settlement and Investment & Money Market exposures, which are separately exhibited in the next sections.
Business Lending per economic sector
Cover type
Value to Loan
Industry
Out-
stan-
dings
Mort-
gages
Eligible
Financial
Colla-
teral
Other
CRR/CRD
IV eligible
Guaran-
tees
Non
CRR/CRD
IV eligible
No Cover
>0% -
25%
>25%-
50%
>50% -
75%
>75% -
<100% ≥ 100%
Real Estate
43,129
66,819
1,602
1,080
7,072
6,550
6.80%
1.09%
1.96%
6.79%
17.78%
65.57%
Natural Resources
41,967
4,080
3,927
15,497
21,793
23,362
23.59%
9.43%
11.48%
13.50%
14.10%
27.90%
Transportation &
Logistics
24,877
3,575
468
22,224
8,258
8,601
16.04%
5.21%
2.95%
6.16%
11.35%
58.29%
Commercial Banks
22,367
14
267
619
1,195
1,200
89.40%
3.69%
1.36%
0.57%
1.29%
3.69%
Central Banks
21,714
0
1
0
5
0
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Services
18,477
8,197
1,282
4,450
5,586
10,287
29.95%
4.59%
4.09%
9.40%
9.96%
42.01%
Non-Bank Financial
Institutions
16,702 2,288 5,022 4,401 4,668 9,370 37.63% 7.57% 5.46% 8.70% 7.10% 33.55%
General Industries
16,661
4,673
671
6,211
5,432
11,913
31.54%
3.38%
8.07%
10.73%
10.16%
36.11%
Food, Beverages &
Personal Care
16,458 6,239 550 6,909 7,177 18,213 26.87% 4.50% 7.04% 11.64% 11.51% 38.44%
Chemicals, Health &
Pharmaceuticals
13,300 6,937 357 4,803 2,782 6,160 32.47% 4.29% 3.91% 11.81% 13.97% 33.56%
Others3
60,336
16,760
2,589
15,536
26,192
34,688
40.54%
5.84%
3.95%
6.61%
9.38%
33.68%
Total Business Lending
295,987
119,583
16,736
81,729
90,158
130,344
36.76%
4.75%
4.65%
7.67%
10.41%
35.75%
of which Total Non-
performing
9,841
5,171
287
2,993
3,521
4,180
24.24%
2.87%
8.07%
15.80%
16.24%
32.79%
1 Including loans to ING Group.
2 Excluding intercompany positions.
3 ‘Others’ comprises industries with outstandings below EUR 10 billion.
Cover values including guarantees received - Business Lending portfolio – 20151,2
ING Bank Annual Report 2015 186