ING Groep NV

ING Groep NV engages in the provision of banking, investments, life and non-life insurance, and retirement and asset management services. It operates through the following segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and consumer lending. The Retail Belgium segment provides banking, life and non-life insurance, and asset management products and services. The Retail Germany segment deals with retail and private banking, which offers current and savings accounts, mortgages, and customer lending. The Retail Other segment covers income from retail banking activities. The Wholesale Banking segment includes cash management to corporate finance, real estate, and lease. The Corporate Line segment represents capital management activities and certain income and expense items. The company was founded on March 4, 1991 and is headquartered in Amsterdam, the Netherlands.

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ING appoints Sjoerd Miltenburg as Head of Investor Relations ING today announced the appointment of Sjoerd Miltenburg (40) as its new Head of Investor Relations. He succeeds Mark Milders, who was made responsible for ING's Wholesale Banking activities in the Netherlands on 1 October.

ING appoints Sjoerd Miltenburg as Head of Investor Relations

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ING publishes 2023 Climate Report ING today published its annual Climate Report. This report explains how our financing impacts climate change, as well as how climate change impacts our business.

ING publishes 2023 Climate Report

Governments must set tougher rules to aid the decarbonisation of real estate and other sectors, ING's CEO said, warning that the Dutch bank will otherwise struggle to hit its climate targets.

Dutch bank ING urges policy shift to help it hit climate targets

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Higher Eurozone base rates and stable levels of bad debt have landed ING in a sweet spot after years of chronically low earnings. The bank is now generating a strong double-digit return on tangible equity yet the market continues to price these shares below tangible book value. A return to the levels of earnings power seen in the past decade is something to consider, but even so these shares would remain inexpensive.

ING Groep: The Market Is Skeptical Of Its Earnings Power

ING Groep N.V. (NYSE:ING ) Q2 2023 Earnings Conference Call August 3, 2023 3:00 AM ET Company Participants Steven van Rijswijk - CEO Tanate Phutrakul - CFO Ljiljana Cortan - Chief Risk Officer Conference Call Participants Jon Peace - Credit Suisse Giulia Miotto - Morgan Stanley Raul Sinha - JPMorgan Tarik El Mejjad - Bank of America Benoit Petrarque - Kepler Cheuvreux Benjamin Goy - Deutsche Bank Kiri Vijayarajah - HSBC Amit Goel - Barclays Bank Flora Bocahut - Jefferies Guillaume Tiberghien - BNP Paribas Exane Chris Hallam - Goldman Sachs Farquhar Murray - Autonomous Matt Clark - Mediobanca Anke Reingen - RBC Capital Markets Operator Good morning.

ING Groep N.V. (ING) Q2 2023 Earnings Call Transcript

ING posts 2Q2023 net result of €2,155 million with strong income growth and low risk costs   Profit before tax increases significantly to €3,035 million in 2Q2023; CET1 ratio rises to 14.9% • Good interest income after a long period of negative rates • Operating expenses excluding regulatory costs slightly lower quarter-on-quarter • Low risk costs, reflecting strong asset quality • Growth of 227,000 primary customers and an increase in net core deposits of €17 billion • Four-quarter rolling RoE increased to 11.7%; ING will pay an interim cash dividend of €0.35 per ordinary share   CEO statement“The second quarter of 2023 was characterised by ongoing challenges, as economic sentiment weakened, geopolitical uncertainties persisted and inflation remained elevated - albeit less pronounced than in previous quarters,” said Steven van Rijswijk, CEO of ING. “In these circumstances, we continued to deliver strong results.

ING posts 2Q2023 net result of €2,155 million with strong income growth and low risk costs

ING appoint s G ö rkem K ö seo ğ lu as chief tech nology officer  and member of the Management Board Banking

ING appoints Görkem Köseoğlu as chief technology officer and member of the Management Board Banking

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Dutch bank ING Groep NV is suing Chinese copper trader and Maike Metals International Co founder He Jinbi over more than $147 million in payments owed by Maike's trading arm Triway International Ltd, Bloomberg News reported on Monday.

ING Groep suing Chinese copper trader He Jinbi over unpaid debt - Bloomberg

ING Groep reported solid profit thanks to net interest income development, lower regulatory costs, and low provisions. The bank announced a €1.5 billion buyback, but we are forecasting a higher share repurchase program. We see solid progress towards ING's 2025 financial targets. The company is now a buy.

ING Groep Is Another Buy Opportunity

ING Groep is one of the best European banks due to strong fundamentals, an excess capital position, and a high-dividend yield. The rising interest rate environment is a strong support for earnings and dividend growth.

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