ING tops EU peers with hedge-heavy CVA charges
Bank’s €59.4bn CVA hedges dominated by non-CDS instruments
ING Bank reported €59.4 billion ($70.1 billion) in notional hedges for credit valuation adjustment (CVA) risk at end-2025 – several times more than its European Union peers and overwhelmingly composed of non-credit-spread instruments.
Alongside €2.9 billion of single-name credit default swaps (CDSs) and €4 billion of index CDSs, the bank disclosed €52.6 billion in other derivatives used as CVA
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