ING’s market risk up 13% on higher SVAR
Q2 figures marked reversal of downward trend for modelled market RWAs
ING Bank’s modelled market risk charges rose 13% in the second quarter inflated by the bank’s stressed value-at-risk (SVAR) component, pushing capital requirements to their highest in a year.
SVAR-based RWAs climbed 29% to €4.3 billion ($4.7 billion) in the three months to end-June, the highest reading since Q2 2022. This pushed the output of ING’s market risk models to €9.5 billion, an increase of just over €1 billion from end-March.
VAR-based RWAs were up just €3 million to €2.3 billion
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