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2015-03-25

ING Group: Aris Bogdaneris to become Head of Challengers & Growth Markets and member of the Management Board of ING Bank

ING Bank welcomes Aris Bogdaneris to become its Head of Retail
Challengers&Growth Markets and become a member of the Management Board as of
1 June 2015. Retail Challengers&Growth Markets covers all the markets where
ING is active in both Retail and Commercial Banking outside the Benelux.

Aris (Canadian, 1963) has long and wide international experience in banking,
operations and IT, having served for more than 25 year at various
international financial institutions in Europe and North America. He will
join ING from Raiffeisen Bank International where he was a member of the
Management Board responsible for the Retail Banking business as well as the
Chief Operating Officer overseeing Information Technology and
Operations/Shared Service Centres throughout the group which serves over 14
million customers in 16 countries. Prior to this role, he worked at Budapest
Bank in Hungary, a subsidiary of GE Capital, where he held various positions,
including Head of Retail, Chief Operating Officer and Chairman and CEO. He
joined Budapest Bank from General Electric in the US where he was a Corporate
Auditor.

Aris holds a Master's in International Relations and Economics from Johns
Hopkins University in Washington DC. The appointment of Aris Bogdaneris has
been approved by the Dutch Central Bank (DNB) and the European Central Bank.

Ralph Hamers, CEO of ING said: "Aris has broad experience and deep
understanding of retail banking and IT, areas that are increasingly
intertwined in today's digital world. With his knowledge, international
background and extensive experience in managing cross-border businesses, he
will play an important role in the successful execution of our Think Forward
strategy of creating a differentiating customer experience, helping ING
converge to a direct-first model while investing in innovation to achieve
digital leadership in the Challengers&Growth Markets."

NOTE FOR EDITORS

A short interview with Aris Bogdaneris on his career and view on the banking
sector is available online atwww.ing.com.

For further information on ING, please visiting.com. Frequent news updates can
be found in theNewsroomor via the@ING_newstwitter feed. Photos of ING
operations, buildings and its executives are available for download
atFlickr.com.Footage (B-roll) of ING is available viavideobankonline.com, or
can be requested by emailinginfo@videobankonline.com. ING presentations are
available atSlideShare.

For convenient access to the latest financial information and press releases
both online and offline, download the ING Group Investor Relations and Media
app for iOs on theApple Storeor for Android onGoogle Play.

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| Press enquiries Investor enquiries |
| Raymond Vermeulen ING Group Investor Relations |
|+31 20 576 6369 +31 20 576 6396 |
| Raymond.Vermeulen@ing.com Investor.Relations@ing.com |
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ING PROFILE

ING is a global financial institution with a strong European base, offering
banking services through its operating company ING Bank and holding a
significant stake in the listed insurer NN Group NV. The purpose of ING Bank
is empowering people to stay a step ahead in life and in business. ING Bank's
53,000 employees offer retail and commercial banking services to customers in
over 40 countries.
ING Group shares are listed (in the form of depositary receipts) on the
exchanges of Amsterdam (INGA NA, ING.AS), Brussels and on the New York Stock
Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's corporate strategy, which is
evidenced by ING Group shares being included in the FTSE4Good index and in
the Dow Jones Sustainability Index (Europe and World) where ING is the
industry leader in the diversified financials group.

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| IMPORTANT LEGAL INFORMATION |
| |
|Certain of the statements contained in this document are not historical facts, |
|including, without limitation, certain statements made of future expectations |
|and other forward-looking statements that are based on management's current |
|views and assumptions and involve known and unknown risks and uncertainties |
|that could cause actual results, performance or events to differ materially |
|from those expressed or implied in such statements. Actual results, |
|performance or events may differ materially from those in such statements due |
|to, without limitation: (1) changes in general economic conditions, in |
|particular economic conditions in ING's core markets, (2) changes in |
|performance of financial markets, including developing markets, (3) |
|consequences of a potential (partial) break-up of the euro, (4) the |
|implementation of ING's restructuring plan to separate banking and insurance |
|operations, (5) changes in the availability of, and costs associated with, |
|sources of liquidity such as interbank funding, as well as conditions in the |
|credit markets generally, including changes in borrower and counterparty |
|creditworthiness, (6) the frequency and severity of insured loss events, (7) |
|changes affecting mortality and morbidity levels and trends, (8) changes |
|affecting persistency levels, (9) changes affecting interest rate levels, |
|(10) changes affecting currency exchange rates, (11) changes in investor, |
|customer and policyholder behaviour, (12) changes in general competitive |
|factors, (13) changes in laws and regulations, (14) changes in the policies |
|of governments and/or regulatory authorities, (15) conclusions with regard to |
|purchase accounting assumptions and methodologies, (16) changes in ownership |
|that could affect the future availability to us of net operating loss, net |
|capital and built-in loss carry forwards, (17) changes in credit-ratings, |
|(18) ING's ability to achieve projected operational synergies and (19) the |
|other risks and uncertainties detailed in the risk factors section contained |
|in the most recent annual report of ING Groep N.V. |
| |
| |
| |
|Any forward-looking statements made by or on behalf of ING speak only as of |
|the date they are made, and, ING assumes no obligation to publicly update or |
|revise any forward-looking statements, whether as a result of new information |
|or for any other reason. This document does not constitute an offer to sell, |
|or a solicitation of an offer to buy, any securities. |
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PDF version of press release
http://hugin.info/130668/R/1906121/678531.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ING Group via Globenewswire

HUG#1906121

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