Mortgage add-on elevates ING credit risk
Credit RWAs up 4.2% on loan growth and Belgian regulator-set multiplier
Regulatory add-ons swelled ING Group’s credit risk-weighted assets (RWAs) in the second quarter, contributing to a 20 basis point drop in its common equity Tier 1 (CET1) capital ratio.
Credit RWAs jumped 4.2% in the three months to June 30, to €276 billion ($320 billion) from €265 billion. ING said the growth was driven by an expanding loan book and an add-on for Belgian mortgage exposures imposed by the National Bank of Belgium.
This increase in credit RWAs was only partly offset by lower
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