ING Direct 2015 Annual Report Download - page 273

Contents
Report of the
Executive Board
Corporate
Governance
Consolidated
annual accounts
Parent company
annual accounts
Other
information
Additional
information
Additional Pillar III information - continued
The table below presents the ING bank portfolio excluding equities per loan type. Exposures represent the outstandings and a loan is
presented as secured by collateral or a guarantee if such a cover exists on a facility type. The secured amounts represent the part of
the loan that is covered by the collateral. If a loan would have both collateral and a guarantee than these are both shown in the table
below in the designated column.
Exposures
unsecured:
carrying
amount
Exposures
secured by
collateral
Exposures
secured by
collateral of
which:
secured
amount
Exposures
secured by
financial
guarantees
Exposures
secured by
financial
guarantees
of which:
secured
amount
Exposures
secured by
credit
derivatives
Exposures
secured by
credit
derivatives
of which:
secured
amount
Loans
Wholesale Banking
93,102
113,038
97,317
39,832
30,165
n.a.
n.a.
Retail Banking
52,006
329,451
319,280
33,361
27,277
n.a.
n.a.
Debt securities
98,463
2,122
2,120
1,008
1,007
n.a.
n.a.
Counterparties
49,474
3,069
1,084
211
204
n.a.
n.a.
Total
293,045
447,680
419,801
74,412
58,653
n.a.
n.a.
Maximum exposure to credit risk
The following table present our maximum exposure to Credit Risk in the AIRB and SA portfolios and associated collateral held and
other credit enhancements (netting and collateral) that do not qualify for offsetting in our financial statements for the periods
specified. The netting credit enhancement component includes the effects of legally enforceable netting agreement as well as the
offset of negative mark-to-markets from derivatives against pledged cash collateral. The collateral credit enhancement component
which is referred to as Cover Values mainly includes real estate, guarantees and collateral in the form of cash.
ING records collateral value per facility. Those figures are based on original cover values although some business units attempt to
update to current market values. This is inherently difficult in volatile markets. Some facilities will have multiple levels of collateral
while others have no collateral. The total figures may not reflect the collateral value per facility.
Pre-settlement
Cover
Values
Cover
Values
Cover
Values
Cover Values
Gross
exposure
before netting
and collateral
Exposure
after
netting
Exposure
after netting
and
collateral
Outstanding
of which pre-
settlement*
Total
outstanding
Mortgages
Eligible
Financial
Collateral Guarantees
Other
CRR/CRD IV
eligible
AIRB
Sovereigns
7,052
2,870
2,526
2,333
105,724
668
37
2,022
214
Institutions
145,996
46,789
34,326
35,348
90,508
1,622
4,472
3,903
2,234
Corporates
13,235
11,425
11,145
14,090
220,214
97,193
11,091
50,712
75,131
Res. Mortgage secured
270,912
441,324
2,787
25,602
244
Other Retail
44
40
40
51
28,419
19,484
1,387
6,486
4,386
Securitisations
429
429
429
601
7,461
Total AIRB
166,756
61,553
48,466
52,423
723,238
560,291
19,774
88,725
82,209
SA
Sovereigns
39
39
39
15
2,882
Institutions
694
649
149
84
4,061
2
31
Corporates
32
20
20
36
9,686
3,784
123
134
4
Res. Mortgage secured
6,952
14,667
1
Other Retail
10
10
10
16
9,674
1,732
232
2
1
Total SA
775
718
218
151
33,255
20,183
358
167
5
Total
167,531
62,271
48,684
52,574
756,466
580,398
20,132
88,892
82,215
Include both AIRB and SA portfolios; excludes equities and ONCOA.
AIRB collateral values are before haircut, SA collateral values used are values after haircut.
Credit risk mitigation techniques per 31 December 2015
Maximum Exposure to Credit Risk per 31 December 2015
ING Bank Annual Report 2015 271