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Home > Top Stories > ING publishes 2012 Annual Report and Sustainability Report

ING publishes 2012 Annual Report and Sustainability Report

Published by Gbaf News

Posted on March 27, 2013

3 min read

Last updated: January 22, 2026

Graph depicting market decline following ECB and Facebook news - Global Banking & Finance Review — This image illustrates the significant market downturn triggered by the European Central Bank's inflation remarks and Facebook's 25% share drop. It highlights the global financial impact on stocks and investor sentiment.

ING announced today the release of the 2012 Annual Report of ING Group providing extensive information on the company, its strategy, businesses, financial performance and governance. ING also published the 2012 ‘ING in Society’ Report today, highlighting progress, achievements and priorities in the area of social and environmental responsibility and describing the sustainability policies and practices that are most material to ING’s business as a financial services provider.

The Corporate Governance section in the Annual Report includes information on changes in the Supervisory Board and an update on the composition of the Executive Board, both in the context of the upcoming 2013 annual General Meeting (AGM) which is scheduled for 13 May 2013.

Piet Klaver has decided to resign from the Supervisory Board at the AGM. Piet Klaver was appointed to the Supervisory Board at the 2006 AGM and was reappointed in 2010. He will resign because other commitments are increasingly demanding his time and attention. “I want to thank Piet Klaver for his very valuable contributions during his many years on the Supervisory Board and wish him well for the future,” said Jeroen van der Veer, chairman of the Supervisory Board of ING Group.

Lodewijk de Waal has decided not to apply for reappointment at the AGM. Lodewijk de Waal was appointed to the Supervisory Board at the 2009 AGM as one of the two state nominees in the context of the financial support the Dutch State extended to ING. “I want to express my gratitude to Lodewijk de Waal for his important contributions to ING, especially in light of the special and delicate position he had as a state nominee. We wish him well for the future,” said Jeroen van der Veer.

Tineke Bahlmann is recommended for reappointment at the 2013 AGM by the Dutch State. She was also appointed to the Supervisory Board at the 2009 AGM as one of the two state nominees. The Dutch State has indicated not to use its right to recommend a second candidate for appointment as a member of the Supervisory Board at this moment.

With regard to the composition of the Executive Board, the Supervisory Board will propose to the AGM to reappoint Patrick Flynn as a member of the Executive Board for a consecutive period of four years. Patrick Flynn was appointed to the Executive Board at the 2009 AGM and has since served as chief financial officer of ING Group.

As announced on 22 February 2013, the Supervisory Board will propose to appoint Ralph Hamers as a member of the Executive Board per the AGM. At 1 October 2013, Ralph Hamers will succeed Jan Hommen as chairman of the Executive Board and CEO. In that context the Supervisory Board will propose to the AGM to reappoint Jan Hommen for the period until 1 October 2013.

The full proxy materials relating to the AGM on 13 May 2013 will be made available on the ING website (www.ing.com) as of 28 March 2013.

The Annual Report of ING Groep N.V. as well as the Annual Reports of ING Bank N.V. and ING Verzekeringen N.V. (ING Insurance) are available on the ING website (www.ing.com/annualreports). The printed version of the ING Group Annual Report in English will be available as of 4 April 2013.

ING will also today file its Annual Report on Form 20-F for the year ended 31 December 2012 with the United States Securities and Exchange Commission (SEC). The 2012 Form 20-F can be downloaded as of later today from the SEC website (www.sec.gov) and at www.ing.com.