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ING Q1 Total Income Up At 4.70 Billion Euros
ING To Separate Operations, Technology Board Roles
ING Reviews Strategic Options For Retail Banking Operations In Austria
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.
Cedar, Bijlmerdreef 106
Independent Chairman of the Supervisory Board
Steven J.A. van Rijswijk
Chairman of the Management Board Banking, Chief Executive Officer, Member of the Executive Board
A. M. G. Rees
Independent Vice Chairman of the Supervisory Board
Chief Financial Officer, Member of the Management Board Banking, Member of the Executive Board
Roel M.M. Louwhoff
Chief Operations Officer, Chief Transformation Officer, Member of the Management Board Banking
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* Net interest income down, cost to income ratio up (Updates with CEO remarks)
ING Groep NV, the largest Dutch bank, reported better- than-expected first quarter net profit of 1.01 billion euros on Thursday, saying it had good fee income and fewer bad loans than a year ago at the start of the coronavirus pandemic.
Dutch bank ING said on Thursday it would scrap 440 jobs in the Netherlands as it plans to close 69 local branches offices in the coming year.
European stocks edged lower on Friday, on track to end the second straight week of gains, as investors awaited more signs of progress in U.S. stimulus measures, while a rise in shares of ASML and ING kept declines in check.
ING Groep NV, the largest Dutch bank, on Friday beat fourth-quarter expectations with a 1.05 billion euro ($1.27 billion) pretax profit helped by lower loan loss provisions and a boom in retail investment.
ING Groep NV, the largest Dutch bank, on Friday reported better than expected fourth quarter pre-tax earnings of 1.05 billion euros ($1.27 billion), as the company incurred lower loan losses than it did earlier in the coronavirus pandemic.
A Dutch court on Wednesday ordered a criminal investigation into the role UBS Chief Executive Ralph Hamers played in ING Group's failure to crack down on money laundering when he was head of the Dutch bank.
UBS said on Wednesday it had "full confidence" in Chief Executive Ralph Hamers' ability to lead the Swiss wealth manager after a Dutch court ordered a probe into Hamers' role in overseeing anti-money laundering compliance at ING Group, his former employer.
ING Groep NV, the largest Dutch financial services company, said on Friday it had sold part of its Payvision payments business, including cutting ties with online pornography and gambling customers.
ING Groep NV <INGA.AS>, the largest Dutch bank, on Thursday reported lower-than-expected pre-tax profit of 1.20 billion euros ($1.41 billion) for the third quarter on declining interest income amid the coronavirus pandemic and said it intends to cut 1,000 jobs.
ING Groep NV, the largest Dutch bank, on Thursday reported lower than expected pre-tax profit of 1.20 billion euros ($1.41 billion) for the third quarter on declining interest income amid the coronavirus pandemic and said it intends to cut 1,000 jobs.
ING Group NV on Wednesday hit back at reports citing the "FinCEN Files," that said a Polish ING subsidiary had altered the name of a Russian sender on sanctions blacklists on a large payment in 2014 in order to conceal the sender's identity.
* Provisions 1.34 bln euros vs 209 mln euros in Q2 2019 (Adds CEO quotes on provisions)
ING Groep NV, the largest Dutch financial group, on Thursday reported second-quarter pretax profit of 542 million euros ($644 million), as it took 1.34 billion euros in provisions for bad loans amid the coronavirus pandemic.
ING Groep said on Tuesday it expects to write off about 300 million euros ($351.9 million) from the value of its past acquisitions, as the Dutch bank was badly affected from the economic fallout of the coronavirus crisis.
Singapore-based Cleantech Solar has secured a $75 million loan from Dutch bank ING Groep NV to finance its expansion across Southeast Asia, the companies said in a joint statement on Tuesday.
ING Groep NV, the largest Dutch bank, said on Friday Chief Risk Officer Steven van Rijswijk would replace Ralph Hamers as the chief executive officer from July 1. Hamers, credited with helping ING develop its successful online banking platform, in February announced he was...
ING Groep NV, the largest Dutch bank, said on Friday that Chief Risk Officer Steven van Rijswijk would replace Ralph Hamers as CEO from July 1. ING and Hamers said in February that Hamers would leave the Dutch bank to become CEO of Swiss bank UBS Group AG. Van Rijswijk is...
ING Groep NV <INGA.AS> reported a 36% fall in first-quarter pretax earnings that beat forecasts as the Netherlands' largest bank booked higher loan loss provisions but retail operations held up well.
ING Groep NV, the largest Dutch bank, on Friday posted first-quarter pretax earnings of 1.02 billion euros ($1.11 billion), down 35.7% from last year, citing higher provisions taken for the potential fallout from the coronavirus outbreak.
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