Test E

Table 1. ING Group key figures

First Half

Second Quarter

In EUR million

1H

1H

%

2Q

2Q

%

2004

2003

Change

2004

2003

Change

Operating profit before tax:

- Insurance Europe

774

798

-3.0

365

400

-8.8

- Insurance Americas

800

634

26.feb

460

395

16.mai

- Insurance Asia/Pacific

527

176

199.4

405

105

285.7

- Other

-43

88

39

184

Insurance operating profit before tax

2,058

1,696

21.mar

1,269

1,084

17.jan

- Wholesale Banking

1,17

752

55.6

511

358

42.7

- Retail Banking

678

493

37.5

351

257

36.6

- ING Direct

203

31

554.8

128

24

433.3

- Other

-71

-66

-21

-25

Banking operating profit before tax

1,98

1,21

63.6

969

614

57.8

Total operating profit before tax

4,038

2,906

39.0

2,238

1,698

31.aug

Taxation

1,1

678

62.2

568

444

27.sep

Third-party interests

142

160

-11.3

65

88

-26.1

Operating net profit*

2,796

2,068

35.2

1,605

1,166

37.7

- of which Insurance

1,469

1,265

16.jan

935

761

22.sep

- of which Banking

1,327

803

65.3

670

405

65.4

Capital gains/negative value adjustment shares

47

-38

36

697

Net profit

2,843

2,03

40.0

1,641

1,863

-11.9

Net profit per share (In EUR)

jan.36

01.mar

32.0

0.79

0.95

-16.8

Operating net return on equity**

24.8%

21.5%

Debt/equity ratio***

12.1%

14.4%

Total staff (average FTEs)

113,3

115,5

-1.9

Table 1. ING Group key figures

First Half

Second Quarter

In EUR million

2004

2003

Change

2004

2003

Change

Operating profit before tax:

- Insurance Europe

774

798

-3.0

365

400

-8.8

- Insurance Americas

800

634

26.feb

460

395

16.mai

- Insurance Asia/Pacific

527

176

199.4

405

105

285.7

- Other

-43

184

Insurance operating profit before tax

2,058

1,696

21.mar

1,269

1,084

17.jan

- Wholesale Banking

1,17

752

55.6

511

358

42.7

- Retail Banking

678

493

37.5

351

257

36.6

- ING Direct

203

554.8

128

433.3

- Other

-71

-66

-21

-25

Banking operating profit before tax

1,98

1,21

63.6

969

614

57.8

Total operating profit before tax

4,038

2,906

39.0

2,238

1,698

31.aug

Taxation

1,1

678

62.2

568

444

27.sep

Third-party interests

142

160

-11.3

-26.1

Operating net profit*

2,796

2,068

35.2

1,605

1,166

37.7

- of which Insurance

1,469

1,265

16.jan

935

761

22.sep

- of which Banking

1,327

803

65.3

670

405

65.4

Capital gains/negative value adjustment shares

-38

697

Net profit

2,843

2,03

40.0

1,641

1,863

-11.9

Net profit per share (In EUR)

jan.36

01.mar

32.0

0.79

0.95

-16.8

Operating net return on equity**

24.8%

21.5%

Debt/equity ratio***

12.1%

14.4%

Total staff (average FTEs)

113,3

115,5

-1.9

Table 1. ING Group key figures
	*First Half*			*Second Quarter*
In EUR million	1H	1H	%	2Q	2Q	%
In EUR million	2004	2003	Change	2004	2003	Change
Operating profit before tax:
- Insurance Europe	774	798	-3.0	365	400	-8.8
- Insurance Americas	800	634	26.feb	460	395	16.mai
- Insurance Asia/Pacific	527	176	199.4	405	105	285.7
- Other	-43	88		39	184
Insurance operating profit before tax	2,058	1,696	21.mar	1,269	1,084	17.jan

- Wholesale Banking	1,17	752	55.6	511	358	42.7
- Retail Banking	678	493	37.5	351	257	36.6
- ING Direct	203	31	554.8	128	24	433.3
- Other	-71	-66		-21	-25
Banking operating profit before tax	1,98	1,21	63.6	969	614	57.8

Total operating profit before tax	4,038	2,906	39.0	2,238	1,698	31.aug
Taxation	1,1	678	62.2	568	444	27.sep
Third-party interests	142	160	-11.3	65	88	-26.1
Operating net profit*	2,796	2,068	35.2	1,605	1,166	37.7
- of which Insurance	1,469	1,265	16.jan	935	761	22.sep
- of which Banking	1,327	803	65.3	670	405	65.4

Capital gains/negative value adjustment shares
Capital gains/negative value adjustment shares	47	-38		36	697
Net profit	2,843	2,03	40.0	1,641	1,863	-11.9

Net profit per share (In EUR)	jan.36	01.mar	32.0	0.79	0.95	-16.8
Operating net return on equity**	24.8%	21.5%
Debt/equity ratio***	12.1%	14.4%
Total staff (average FTEs)	113,3	115,5	-1.9

Test E_II