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ING Groep: Isabel Fernandez To Step Down From Management Board Banking
ING Posts Q2 Net Result Down At EUR 299 Million
ING Co-Leads Consortium To Give Northvolt $1.6 Billion Boost
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 Executive Board, Chief Executive Officer
Chief Financial Officer, Member of the Management Board Banking
Member of the Management Board Banking and Head of Market Leaders
Isabel Fernandez Niemann
Member of the Management Board Banking, Head of Wholesale Banking
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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.
ING Groep NV, the largest Dutch bank reported on Friday first-quarter pretax earnings of 1.02 billion euros ($1.11 billion), down 35.7% from the corresponding period a year ago, citing higher bad loan provisions and lower valuations as a result of the coronavirus pandemic.
* ING PROVIDES UPDATE ON DIVIDEND IN THE CONTEXT OF THE CORONAVIRUS PANDEMIC
* REDEEMS USD 1 BILLION 6.000% PERPETUAL ADDITIONAL TIER 1 CONTINGENT CONVERTIBLE CAPITAL SECURITIES Source text for Eikon: Further company coverage:
UBS <UBSG.S>, the world's largest bank to the rich, named the head of ING <INGA.AS> as chief executive on Thursday, seeking to tap his tech knowledge after he transformed the Dutch lender into one of Europe's most successful online banks.
* ING GROEP NV - RALPH HAMERS, CEO OF ING, WILL STEP DOWN FROM HIS POSITION AND LEAVE ING AS OF 30 JUNE 2020
UBS Group AG is set to name Ralph Hamers, the chief executive officer of ING Groep NV , as its new head, the Financial Times reported on Wednesday.
ING Deutschland, the online-only German division of the Dutch bank ING Groep <INGA.AS>, will start charging fees for some of its accounts, as it feels the bite from ultra-low interest rates, the company announced on Thursday.
ING Groep, the largest Dutch financial services company, reported a fourth-quarter pre-tax profit of 1.34 billion euros ($1.47 billion) on Thursday, slightly below analysts' estimates as regulatory costs rose.
ING Groep, the largest Dutch financial services company, on Thursday reported a fourth-quarter pre-tax profit of 1.34 billion euros ($1.47 billion), slightly below analysts' estimates as regulatory costs rose.
ING Groep NV reported third-quarter underlying pretax profit of 1.91 billion euros ($2.13 billion), slightly above analyst expectations but less than a year ago, as regulatory costs rose and the bank's loan book shrank by a billion euros.
ING Groep NV , the largest financial services firm, on Thursday reported underlying pretax profit of 1.91 billion euros ($2.13 billion), a hair better than analyst expectations but worse than a year ago, as regulatory costs increased and the bank issued fewer loans
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