ING Groep NV (INGA) - Net Assets

Latest as of December 2025: €50.95 Billion EUR ≈ $59.57 Billion USD

Based on the latest financial reports, ING Groep NV (INGA) has net assets worth €50.95 Billion EUR (≈ $59.57 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.05 Trillion ≈ $1.23 Trillion USD) and total liabilities (€1.00 Trillion ≈ $1.17 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check INGA tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€50.95 Billion
% of Total Assets	4.83%
Annual Growth Rate	3.24%
5-Year Change	-6.78%
10-Year Change	1.1%
Growth Volatility	253.49

ING Groep NV - Net Assets Trend (1997–2025)

This chart illustrates how ING Groep NV's net assets have evolved over time, based on quarterly financial data. See ING Groep NV liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for ING Groep NV (1997–2025)

The table below shows the annual net assets of ING Groep NV from 1997 to 2025. For live valuation and market cap data, see INGA stock market capitalisation.

Year	Net Assets	Change
2025-12-31	€50.95 Billion ≈ $59.57 Billion	-0.70%
2024-12-31	€51.31 Billion ≈ $59.99 Billion	-1.68%
2023-12-31	€52.18 Billion ≈ $61.01 Billion	+3.52%
2022-12-31	€50.41 Billion ≈ $58.94 Billion	-7.77%
2021-12-31	€54.66 Billion ≈ $63.90 Billion	-93.63%
2020-12-31	€857.83 Billion ≈ $1.00 Trillion	+13.48%
2019-12-31	€755.92 Billion ≈ $883.75 Billion	+1361.20%
2018-12-31	€51.73 Billion ≈ $60.48 Billion	+1.20%
2017-12-31	€51.12 Billion ≈ $59.77 Billion	+1.43%
2016-12-31	€50.40 Billion ≈ $58.92 Billion	+3.98%
2015-12-31	€48.47 Billion ≈ $56.67 Billion	-17.14%
2014-12-31	€58.50 Billion ≈ $68.39 Billion	+17.34%
2013-12-31	€49.85 Billion ≈ $58.28 Billion	-5.66%
2012-12-31	€52.84 Billion ≈ $61.78 Billion	+14.30%
2011-12-31	€46.23 Billion ≈ $54.05 Billion	+4.83%
2010-12-31	€44.10 Billion ≈ $51.56 Billion	+19.07%
2009-12-31	€37.04 Billion ≈ $43.30 Billion	+28.03%
2008-12-31	€28.93 Billion ≈ $33.82 Billion	-26.82%
2007-12-31	€39.53 Billion ≈ $46.22 Billion	-4.09%
2006-12-31	€41.22 Billion ≈ $48.18 Billion	+7.34%
2005-12-31	€38.40 Billion ≈ $44.89 Billion	+30.87%
2004-12-31	€29.34 Billion ≈ $34.30 Billion	+18.30%
2003-12-31	€24.80 Billion ≈ $28.99 Billion	+10.82%
2002-12-31	€22.38 Billion ≈ $26.16 Billion	-12.45%
2001-12-31	€25.56 Billion ≈ $29.88 Billion	-12.04%
2000-12-31	€29.06 Billion ≈ $33.98 Billion	-19.57%
1999-12-31	€36.13 Billion ≈ $42.24 Billion	+22.35%
1998-12-31	€29.53 Billion ≈ $34.53 Billion	+41.44%
1997-12-31	€20.88 Billion ≈ $24.41 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to ING Groep NV's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	€50.95 Billion	100.00%
Total Equity	€50.95 Billion	100.00%

ING Groep NV Competitors by Market Cap

The table below lists competitors of ING Groep NV ranked by their market capitalization.

Company	Market Cap
Suzhou Dongshan Precision Manufacturing Co Ltd SHE:002384	$73.17 Billion
CAIXABANK UN.ADR 1/3 DL 1 F:FV9J	$73.43 Billion
Norfolk Southern Corporation NYSE:NSC	$73.44 Billion
Cigna Corp NYSE:CI	$73.58 Billion
Vale SA ADR NYSE:VALE	$72.74 Billion
TC Energy Corp TO:TRP	$72.19 Billion
Hilton Worldwide Holdings Inc NYSE:HLT	$72.11 Billion
O’Reilly Automotive Inc NASDAQ:ORLY	$71.97 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ING Groep NV's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 50,314,000,000 to 50,953,000,000, a change of 639,000,000 (1.3%).
Net income of 6,328,000,000 contributed positively to equity growth.
Other comprehensive income increased equity by 2,529,000,000.
Other factors decreased equity by 8,218,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€6.33 Billion	+12.42%
Other Comprehensive Income	€2.53 Billion	+4.96%
Other Changes	€-8.22 Billion	-16.13%
Total Change	€-	1.27%

Book Value vs Market Value Analysis

This analysis compares ING Groep NV's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.61x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 2.08x to 1.61x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1997-12-31	€13.23	€27.53	x
1998-12-31	€15.09	€27.53	x
1999-12-31	€18.13	€27.53	x
2000-12-31	€14.36	€27.53	x
2001-12-31	€12.36	€27.53	x
2002-12-31	€10.52	€27.53	x
2003-12-31	€11.45	€27.53	x
2004-12-31	€12.76	€27.53	x
2005-12-31	€17.70	€27.53	x
2006-12-31	€17.58	€27.53	x
2007-12-31	€13.25	€27.53	x
2008-12-31	€6.51	€27.53	x
2009-12-31	€11.56	€27.53	x
2010-12-31	€10.13	€27.53	x
2011-12-31	€11.20	€27.53	x
2012-12-31	€13.02	€27.53	x
2013-12-31	€11.07	€27.53	x
2014-12-31	€13.08	€27.53	x
2015-12-31	€12.41	€27.53	x
2016-12-31	€12.84	€27.53	x
2017-12-31	€12.95	€27.53	x
2018-12-31	€13.10	€27.53	x
2019-12-31	€13.80	€27.53	x
2020-12-31	€12.22	€27.53	x
2021-12-31	€13.86	€27.53	x
2022-12-31	€13.77	€27.53	x
2023-12-31	€14.37	€27.53	x
2024-12-31	€15.58	€27.53	x
2025-12-31	€17.07	€27.53	x

Capital Efficiency Dashboard

This dashboard shows how efficiently ING Groep NV utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 12.42%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 27.47%
• Asset Turnover: 0.02x
• Equity Multiplier: 20.69x
Recent ROE (12.42%) is above the historical average (12.29%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1997	8.90%	6.93%	0.10x	13.45x	€-227.44 Million
1998	9.18%	7.12%	0.09x	13.58x	€-237.22 Million
1999	14.04%	10.90%	0.09x	14.06x	€1.42 Billion
2000	43.28%	20.72%	0.09x	23.48x	€9.24 Billion
2001	19.02%	6.25%	0.10x	29.31x	€2.17 Billion
2002	22.06%	5.96%	0.11x	35.12x	€2.46 Billion
2003	17.49%	5.95%	0.09x	33.69x	€1.73 Billion
2004	21.98%	8.86%	0.08x	31.91x	€3.25 Billion
2005	19.56%	10.71%	0.06x	30.15x	€3.67 Billion
2006	20.10%	10.55%	0.06x	32.05x	€3.87 Billion
2007	24.84%	12.22%	0.06x	35.27x	€5.52 Billion
2008	-4.21%	-1.09%	0.05x	76.82x	€-2.46 Billion
2009	-4.57%	-3.11%	0.04x	37.27x	€-4.54 Billion
2010	7.24%	5.22%	0.04x	32.39x	€-1.06 Billion
2011	11.17%	8.79%	0.04x	30.00x	€494.80 Million
2012	6.58%	8.12%	0.03x	23.47x	€-1.69 Billion
2013	10.78%	16.39%	0.03x	25.37x	€333.00 Million
2014	2.48%	8.18%	0.02x	19.69x	€-3.79 Billion
2015	8.38%	24.23%	0.02x	17.60x	€-773.20 Million
2016	9.34%	26.75%	0.02x	16.97x	€-328.30 Million
2017	9.73%	27.60%	0.02x	16.79x	€-135.60 Million
2018	9.23%	25.87%	0.02x	17.42x	€-390.00 Million
2019	8.89%	26.12%	0.02x	16.58x	€-596.00 Million
2020	5.21%	13.95%	0.02x	19.66x	€-2.28 Billion
2021	8.86%	18.52%	0.03x	17.64x	€-616.00 Million
2022	7.36%	10.93%	0.03x	19.39x	€-1.32 Billion
2023	14.22%	41.34%	0.02x	19.04x	€2.16 Billion
2024	12.70%	28.26%	0.02x	20.28x	€1.36 Billion
2025	12.42%	27.47%	0.02x	20.69x	€1.23 Billion

Industry Comparison

This section compares ING Groep NV's net assets metrics with peer companies in the Banks - Diversified industry.

Industry Context

Industry: Banks - Diversified
Average net assets among peers: $21,360,000,000
Average return on equity (ROE) among peers: 10.82%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
ING Groep NV (INGA)	€50.95 Billion	8.90%	19.69x	$72.74 Billion
ABN Amro Group NV (ABN)	$21.36 Billion	10.82%	16.85x	$27.13 Billion

About ING Groep NV

AS:INGA Netherlands Banks - Diversified

Market Cap

$93.14 Billion

€79.67 Billion EUR

Market Cap Rank

#372 Global

#3 in Netherlands

Share Price

€27.53

Change (1 day)

+0.13%

52-Week Range

€17.75 - €27.53

All Time High

€27.53