Uit de laatste earnings call, transcript, als reactie op de vraag "what about turkey.."
Steven J. A. van Rijswijk ING Groep N.V. - Chief Risk Officer & Member of the Executive Board
On Turkey, yes, I mean, we are watching the developments in Turkey carefully. We have a loan book of about EUR 15 billion, which we by
and large have kept flat. It has decreased a bit quarter-on-quarter based on change in FX rates. Total loan book there as part of the total
loan book in -- for ING is about 2.3%. The Stage 3 provisioning is of a similar level, so about 2% to 2.5%. So that's actually fairly low. And
if you then look in the composition of that loan book, we have a mortgage book of a bit below EUR 1 billion. So we keep that limited and
relatively short dated. On SME and mid-corporates what we have done is we have -- we are working also with the state in terms of the
guarantee that they give for lending, which currently is about EUR 1.5 billion. And we want to limit that to some extent because you want
to be careful not to overextend your loans which are supported by the guarantee because that guarantee is also subject to a certain level
of NPL levels and we want to stay within that. And when it comes to foreign exchange loans, which are largely in Wholesale Banking,
there we want to make sure that to the extent that we give loans to these companies in euro or in dollars, that they also have euro or
dollar revenues to deal with that. And that's what you see in mid-corporate. But also with the corporates in the way they publish their
results compared to some other countries, there is good information available to actually see that they make dollar or euro income. In
that regard, we are trying to match the funding that we give in foreign currencies to the revenues and the income that they make. So in
that sense, we keep a keen eye on the developments over there. But until now based on what we're doing, the size of it and the risk cost
that we are make, it's well under control.