ING's 14th IR Symposium: Managing risk for profitable growth

At ING's 14th Investor Relations Symposium in London Michel Tilmant, Chief Executive Officer of ING Group, will outline how ING capitalises on the evolution of customers needs. As people become older and richer, customers need to save more to sustain themselves for a longer retirement. With its full spectrum of wealth management and retirement services products, its strong distribution reach, leading brand and broad customer base, ING is well positioned to capitalise on the evolution of customers needs and to continue to deliver profitable growth.

 

Risk management supports ING's profitable growth strategy by contributing to product design, providing lower costs of risk and funding and more efficient capitalisation. Koos Timmermans, Chief Risk Officer of ING Group, will elaborate on ING's well diversified risk profile and how risk management supports decision making by documenting the trade off between risk, return and growth opportunities. 

 

ING has systematically invested to improve its risk management capabilities over the past years. Risk management is embedded in the way ING manages the business, from product development up to strategic decision making. Koos Timmermans will present ING's Risk Dashboard, which shows the integrated risk profile of ING Group and will be audited and reported annually as of 2008. The Risk Dashboard identifies risk concentrations and potential risk mitigating actions. It allows the Executive Board to take strategic decisions using comparable risk measures and maximise value creation by efficient capital allocation. Koos Timmermans will also outline ING's diversified liquidity structure.

 

ING's risk profile is characterised by the diversification of our businesses and high quality assets. Peter Staal, General Manager of  Corporate Credit Risk Management ING Group, will elaborate on ING's approach to credit risk exposure and will reconfirm ING's limited exposure to those asset classes that are currently under pressure.

 

As economic capital concepts gain acceptance from regulators and rating agencies, ING will benefit increasingly in the form of lower capital requirements. Under Basel II and Solvency II, regulatory capital requirements are moving closer into line with the sophisticated economic capital models used internally by ING. ING has been using economic capital internally in product development and return measurement to support management decisions.  Tom Wilson, ING's CRO Insurance, will outline ING Insurance economic capital model which will be part of ING's Annual Report 2007.

 

 

 

 

We will offer members of the media the opportunity to view the live webcast starting

at 10.00 CET on  www.ing.com, click "Investor Relations".

 

The presentations and interviews with Michel Tilmant, CEO of ING Group, John Hele, CFO of ING Group  and Koos Timmermans, CRO of ING Group  will also be available at  www.ing.com.

 

If you are not able to view the webcast, you can also listen in by telephone at the following numbers:

 

From the Netherlands/Europe: +31 20 7965213

From the UK: +44 208 817 9301

From the USA and Canada: +1 718 354 1226

 

The programme for the Investor Relations Symposium is as follows:

(Times indicated are U.K. time)

09:00 am	Introduction
	John Hele, Chief Financial Offiicer ING Group
09.10 am	Risk Management (Part I)
	Koos Timmermans, Chief Risk Officer ING Group
	Credit Risk Management
	Peter Staal, General Manager Corporate Credit Risk Management ING Group
	Risk Management (Part II)
	Koos Timmermans
12.00 pm	Michel Tilmant Chairman of the Executive Board ING Group
2.15 pm	Insurance Economic Capital
	Tom Wilson, Chief Insurance Risk Officer ING Group
3.45 pm	Wrap-up and Disclosure
	John Hele