ING Groenbank N.V.

ING Groenbank N.V. is a Dutch specialist bank within the ING Group that finances projects eligible under the national Green Projects Scheme (Regeling groenprojecten), acting as a conduit between green savings raised from customers and loans to certified sustainable initiatives. The bank focuses on sectors such as renewable energy, sustainable real estate, nature conservation, organic agriculture, clean mobility and circular/cooling technologies, with borrowers required to obtain a groenverklaring from the Netherlands Enterprise Agency (RVO). It operates under a Dutch banking license and is supervised by De Nederlandsche Bank (prudential) and the Authority for the Financial Markets (conduct), with prudential rules aligned to EU banking standards. Retail-facing product availability, typically green savings accounts or term deposits distributed through ING’s Netherlands channels, can be intermittent and subject to allocation limits, eligibility criteria and documentation requirements; access is primarily geared to the Dutch market and customer servicing is mainly in Dutch. Interest rates and loan pricing reflect market conditions and the constraints of the Green Projects Scheme; investors may, depending on personal circumstances and applicable law, qualify for favorable Dutch tax treatment for green investments, subject to caps and changing regulations. Deposits qualify for the Dutch Deposit Guarantee Scheme up to the statutory limit per depositor per bank, separate from coverage at ING Bank N.V. as the entities are distinct. Key risks include potential policy or quota changes to the scheme, certification risk for projects, sector concentration, and standard bank interest-rate, liquidity and credit risks; financial reporting is consolidated within the wider ING Group and standalone public credit ratings for the entity are not commonly disclosed.