ING Direct 2015 Annual Report Download - page 189

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
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
40,592
60,158
1,218
1,084
5,659
6,120
7.0%
1.0%
1.9%
10.3%
19.2%
60.5%
Natural Resources
38,653
3,888
3,266
19,457
15,311
19,963
20.4%
9.1%
14.0%
13.8%
14.2%
28.5%
Transportation &
Logistics
21,431 3,844 647 19,579 5,309 6,687 18.2% 3.4% 3.5% 7.1% 12.1% 55.8%
Commercial Banks
21,845
66
168
168
637
579
90.0%
3.4%
2.3%
0.8%
0.9%
2.6%
Services
15,744
7,851
1,036
4,306
3,941
7,635
30.8%
3.8%
5.5%
7.5%
10.6%
41.9%
Food, Beverages &
Personal Care
15,376
6,114
954
7,983
3,067
15,524
28.1%
4.5%
7.5%
12.6%
14.7%
32.6%
General Industries
15,912
4,611
723
6,481
4,080
10,539
32.6%
4.8%
7.9%
10.2%
10.0%
34.5%
Non-Bank Financial
Institutions
13,741
2,064
5,921
2,409
3,415
5,987
34.9%
7.6%
2.6%
12.2%
7.9%
34.8%
Builders & Contractors
12,394
6,641
306
4,271
2,878
9,401
29.6%
6.2%
5.6%
9.6%
10.2%
38.8%
Chemicals, Health &
Pharmaceuticals
11,914 6,610 351 4,291 1,892 4,945 32.7% 5.0% 7.5% 10.6% 12.6% 31.7%
Others3
54,815
10,972
3,089
13,886
10,646
23,281
49.9%
3.5%
3.0%
6.5%
9.0%
28.0%
Total Business Lending
262,415
112,817
17,680
83,916
56,835
110,661
33.7%
4.5%
5.5%
9.0%
11.6%
35.8%
of which Total Non-
performing
10,584
6,067
446
3,120
3,216
3,852
25.2%
3.3%
8.2%
13.9%
15.5%
33.9%
1 Including loans to ING Group and NN Group.
2 Excluding intercompany positions.
3 ‘Others’ comprises industries with outstandings below EUR 10 billion.
Similar to the Retail Lending portfolio, the risk profile of the Business Lending portfolio continued to improve in 2015, which is displayed
by lower NPLs as well as increased cover values. The percentage of non-covered loans also showed an increase driven by increased
outstandings towards Central Banks for which no collateral is received.
The improved economic environment resulted in an increased demand for Real Estate lending, resulting in 6.3% increase in sector
outstandings. In addition, the cover values of this traditionally well collateralized sector also increased over 2015. New transactions
were done on more conservative collateral terms and improved real estate markets further helped to boost the total coverage in Real
Estate.
The risk profile also improved due to an increase in outstandings for sectors such as Transportation & Logistics and Utilities which,
traditionally, have higher coverage. This improvement was however partially negated by growth seen in outstandings to traditionally
low collateralized sectors like Commercial Banks and General Industries. The coverage of the non-performing part improved and an
overall decrease was seen in the non-performing outstandings.
Cover values including guarantees received - Business Lending portfolio – 20141,2
ING Bank Annual Report 2015 187