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ING Groep NV (ING)

ING on New York Consolidated

27 Oct 2016
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$0.12 (+0.92%)
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Latest Key Developments (Source: Significant Developments)

Dia signs deal with ING for cash withdrawal in its store network
Thursday, 8 Sep 2016 05:26am EDT 

Distribuidora Internacional de Alimentacion SA :Says signs agreement with financial entity ING for cash withdrawal at its store network.  Full Article

Poland's Pekao may attract foreign interest -ING Polish unit head
Wednesday, 3 Aug 2016 07:10am EDT 

ING Bank Slaski SA : The chief executive of the Polish unit of ING , ING Bank Slaski , told reporters on Wednesday that if Bank Pekao is put up for sale by its Italian owner Unicredit , it may attract interest from foreign banks. . "There is demand to enter markets such as Poland, because Poland still looks very attractive. One just has to look at indicators," ING Bank Slaski CEO Brunon Bartkiewicz said. . "Pekao is too big for funds, or investors from outside the (banking) sector ... but for a large banking group which would like to expand its activities in this part of Europe it (Pekao) could be an attractive buy," Bartkiewicz said. . UniCredit is considering selling its entire stake in Bank Pekao, Bloomberg reported in July, citing people familiar with the matter. [nL8N1AD1V2] Further company coverage: [INGP.WA] [PEO.WA] (Reporting by Marcin Goclowski; Writing by Marcin Goettig; Editing by Adrian Croft) ((marcin.goettig@thomsonreuters.com;)).  Full Article

ING Groep Q2 underlying net result up 26.7 pct at 1,417 million euros
Wednesday, 3 Aug 2016 12:59am EDT 

ING Groep NV :Q2 underlying net result was 1,417 million euros ($1.59 billion), up 26.7 pct from the second quarter of 2015.  Full Article

ING Q2 results beat estimates
Wednesday, 3 Aug 2016 12:59am EDT 

ING Groep NV : Q2 total underlying income 4.55 billion euros ($5.10 billion) versus 4.22 billion euros in Reuters poll . Q2 interest result 3.27 billion euros versus 3.22 billion euros in Reuters poll . Q2 underlying net result 1.06 billion euros in Reuters poll . ING group’s fully-loaded CET1 ratio rose to 13.1 pct, excluding the 2,552 million euros net profit from the first half of 2016 . Declare an interim cash dividend of 0.24 euro per ordinary share, which is equal to the interim dividend paid over the first half of 2015 . ING gained approximately 650,000 new retail customers and established roughly 350,000 primary relationships in H1 2016 . Core lending grew by 14.8 billion euros in Q2 2016 as ING continues to provide financing to clients across geographies and sectors . Second quarter ended relatively calmly in terms of corporate credit risk, but the full Brexit impact could come later in the year .The first post-referendum readings show just a slight deterioration in confidence.  Full Article

ING to adopt framework for compensation of dutch SME clients with interest rate derivatives
Tuesday, 5 Jul 2016 02:16am EDT 

ING Groep NV : ING to adopt framework for compensation of dutch SME clients with interest rate derivatives .Ing expects to increase its provision for this issue by around 150 million euros ($166.8 million), to be booked in Q2 of 2016.  Full Article

Investors file U.S. lawsuit accusing banks of conspiring to rig derivative prices incorporating Singapore rate benchmarks
Friday, 1 Jul 2016 03:44pm EDT 

: Investors file U.S. lawsuit accusing banks of conspiring to rig derivative prices incorporating Singapore rate benchmarks-filing . Lawsuit alleges rigging based on Singapore interbank offered rate, Singapore swap offer rate . Some defendants include Citigroup Bank, of America, JPMorgan Chase rbs, UBS, ING, BNP Paribas Oversea Chinese Banking Corp- . Defendants also include Barclays, Credit Agricole Credit Suisse stanchart, Dbs, Mitsubishi Ufj HSBC, Macquarie, Commerzbank.  Full Article

Erste Bank Hungary buys 2.3 pct stake in Budapest bourse
Tuesday, 31 May 2016 04:12am EDT 

Erste Bank Hungary : To buy 2.3 percent stake in Budapest Stock Exchange from local unit of ING Bank Further company coverage: [ERST.VI] [ING.AS] (Reporting by Gergely Szakacs) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

ING Groep Q1 underlying net result down at 842 million euros
Tuesday, 10 May 2016 01:11am EDT 

ING Groep NV : Q1 underlying net result 842 million euros ($957.52 million) . Q1 underlying pre-tax result 1,186 million euros; or 1,682 million euros before 496 million euros of regulatory costs in quarter . Q1 net result 1,257 million euros (0.32 euro per share) including profit on sales of NN Group shares in January . Ended quarter with a strong fully-loaded CET1 ratio of 12.9 pct, excluding first-quarter net profit and impact of NN share sale in April .ING Bank attracted 8.8 billion euros of net customer deposits and recorded 7.1 billion euros of net core lending growth in Q1.  Full Article

ING Groep to sell remaining shares in NN Group
Thursday, 14 Apr 2016 11:40am EDT 

ING Groep NV:ING to sell remaining shares in NN Group.To sell its remaining 45.7 million ordinary shares in NN Group.Ordinary shares will be sold by way of an accelerated book building offering to institutional investors.Sale of ING's 14.1 pct stake is final transaction in ING's programme to divest all of its insurance and investment management businesses.Offer price will be determined at conclusion of book building process.Book is open with immediate effect and is expected to close ultimately by 17:30 CET on April 15, 2016.Credit Suisse, ING Bank, JP Morgan and UBS are acting as joint global coordinators for offering.Transaction is expected to settle on April 19, 2016.  Full Article

ING Groep to be included in the BEL 20 index
Friday, 4 Mar 2016 11:40am EST 

Euronext NV:Announces yearly review of the BEL 20, BEL Mid and BEL small indices.Galapagos NV, ING Groep NV and Ontex Group NV to be included in the BEL 20.Befimmo SA, Delta Lloyd NV and D'Ieteren SA to be removed from the BEL 20.Befimmo, D'Ieteren and Leasinvest Real Estate CVA to be included in the BEL Mid index.Ascencio SCA, Galapagos and Ontex Group to be removed from the BEL Mid.Leasinvest and Viohalco SA to be removed from the BEL Small index.Changes will be effective as of March 21, 2016.  Full Article

ING says oil price drop offers chance to expand Middle East business

DUBAI, Oct 27 Dutch bank ING Group is aiming to expand its business in the Middle East where it sees greater demand for bank finance and advisory work after the slump in oil prices, its regional chief executive said.