ING 1Q2023 Financial Targets Update

Risk costs reflect high quality loan book Risk costs per business line (in € mln) Stage 2 ratio 987 Stage 3 ratio 10.2% 9.4% 8.9% 939 7.2% 403 6.6% 7.0% 7.1% 1.6% 6.6% 1.5% 1.5% 1.4% 1.4% 128 269 152 5.6% 5.3% 1.4% 202 1.4% 1.4% 65 5.8% 1.4% 1.4% 88 5.5% 274 203 242 5.2% 1.2% 1.3% 1.4% 113 4.6% 4.5% 1.1% 1.2% 48 -90 1Q2022 202022 3Q2022 4Q2022 1Q2023 1Q2022 2Q2022 3Q2022 4Q2022 1Q2023 1Q2022 2Q2022 3Q2022 4Q2022 1Q2023 Wholesale Banking Retail Banking ING - Wholesale Banking Retail Banking ■ Risk costs were €152 mln, or 9 bps of average customer lending, below the through-the-cycle average of ~25 bps Risk costs included a €60 mln release reflecting improved macro-economic indicators €67 mln was added to management overlays, as lower overlays for risks from second order effects of the current economic environment were offset by additions for model adjustments. At the end of 1Q2023, the total amount of management overlays was €521 mln Risk costs in Retail Banking included the aforementioned model adjustments, collective Stage 3 provisions, primarily for consumer loans, and a €46 mln addition for CHF-indexed mortgages in Poland. In Wholesale Banking, risk costs reflected a €118 mln release for our Russia-related portfolio, which was mainly driven by lower Russia-related exposure and improved macro-economic indicators The Stage 2 ratio decreased to 6.6%, mainly driven by lower Russia-related exposure in Wholesale Banking. The Stage 3 ratio remained low at 1.4% 13

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