ING Group has been notified of the European Central Bank (ECB) decision on the 2016 Supervisory Review and Evaluation Process (SREP), which will set the capital requirements for 2017.

The common equity Tier 1 requirement for ING Group will be 9.0% in 2017. This includes Pillar 2 requirement (P2R) but excludes the non-mandatory Pillar 2 guidance (P2G) which is not disclosed.

Under the new Maximum Distributable Amount (MDA) framework, ING's trigger level will decline from 10.25% in 2016 to 9.0% in 2017, and is expected to rise to 11.75% in 2019 assuming unchanged P2R requirements.

On 30 September 2016, ING Group's phased-in (transitional) common equity Tier 1 ratio as well as the fully-loaded common equity Tier 1 ratio were both at 13.5%, well in excess of the regulatory requirements.

Source: ING statement