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ING Groep NV

INGA.AS

Latest Trade

7.94EUR

Change

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Today's Range

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52 Week Range

4.23

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11.26

As of on the Euronext Amsterdam Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

ING Bank N.V. Announces Offer To Purchase Notes For Cash

Nov 10 (Reuters) - ING Groep NV <INGA.AS>::ING BANK N.V. ANNOUNCES AN OFFER TO PURCHASE NOTES FOR CASH.ING BANK N.V. NOTES CONCERNED: NOVEMBER 2021 NOTES; FEBRUARY 2022 NOTES; APRIL 2022 NOTES.

ING Q3 Pretax Profit EUR 1.20 Bln; To Cut 1,000 Jobs

Nov 5 (Reuters) - ING Groep NV <INGA.AS>::REG-ING POSTS 3Q2020 NET RESULT OF €788 MILLION.ING PROVIDES CAPITAL UPDATE WITH REVISED CET1 AMBITION AND DISTRIBUTION POLICY.ING 3Q2020 RESULT BEFORE TAX OF EUR 1,204 MILLION.RESULT REFLECTS SIGNIFICANTLY LOWER RISK COSTS COMPARED TO 2Q2020, AND IMPAIRMENTS ON OUR EQUITY STAKE IN TMB AND ON CAPITALISED SOFTWARE.NEW DISTRIBUTION POLICY OF A 50% PAY-OUT RATIO OF RESILIENT NET PROFIT, IN CASH OR A COMBINATION OF CASH AND SHARE REPURCHASES.WE'VE DECIDED TO CONSIDERABLY REDUCE SCOPE OF MAGGIE, PROGRAMME LAUNCHED TO PROVIDE STANDARDISED CUSTOMER EXPERIENCE AND INTEGRATE PRODUCT OFFERING IN FOUR OF OUR EUROPEAN CHALLENGER COUNTRIES.CHANGE IN MAGGIE'S SCOPE HAS LED TO AN IMPAIRMENT OF EUR 140 MILLION, PRIMARILY RELATED TO CAPITALISED SOFTWARE DEVELOPMENT COSTS.REFOCUSING OF OUR WHOLESALE AND RETAIL ACTIVITIES WILL RESULT IN A HEADCOUNT REDUCTION OF APPROXIMATELY 1,000 FTES BY YEAR-END 2021.OUR NEW LONG-TERM CET1 RATIO AMBITION LEVEL OF AROUND 12.5% TRANSLATES INTO A AROUND 200 BPS BUFFER OVER CURRENT MINIMUM REGULATORY REQUIREMENTS.WE WILL MANAGE WELL ABOVE THIS AMBITION LEVEL WHILE COVID-19-RELATED UNCERTAINTIES REMAIN.ING’S NET RESULT PER SHARE WAS €0.20 IN THE THIRD QUARTER OF 2020.ING’S THIRD-QUARTER 2020 RESULT BEFORE TAX WAS €1,204 MILLION, DOWN 37.0% FROM THE YEAR-AGO QUARTER.TOTAL INCOME DECLINED BY €340 MILLION, OR 7.3%, TO €4,286 MILLION COMPARED WITH THE THIRD QUARTER OF 2019.CURRENT CET1 RATIO IS 15.3%.

ING Groep: Isabel Fernandez To Step Down From Management Board Banking

Aug 12 (Reuters) - ING GROEP NV <INGA.AS>::ISABEL FERNANDEZ TO STEP DOWN FROM ING MANAGEMENT BOARD BANKING AS OF 31 DECEMBER 2020.

ING Posts Q2 Net Result Down At EUR 299 Million

Aug 6 (Reuters) - ING Groep NV <INGA.AS>::REG-ING POSTS 2Q2020 NET RESULT OF EUR 299 MILLION.ING 2Q2020 RESULT BEFORE TAX OF EUR 542 MILLION.NET INTEREST INCOME AND FEE INCOME REMAINED RESILIENT; INCOME FURTHERMORE SUPPORTED BY POSITIVE VALUATION ADJUSTMENTS.IMPACT OF COVID-19 WAS REFLECTED IN HIGHER RISK PROVISIONING AND GOODWILL IMPAIRMENTS WE BOOKED IN Q2.WE REMAIN STRONGLY CAPITALISED WITH A CET1 RATIO OF 15%.POSTS 2Q2020 NET RESULT OF EUR 299 MILLION VS EUR 1.44 bln YOY .Q2 TOTAL UNDERLYING INCOME EUR 4.67 BILLION VERSUS EUR 4.67 BILLION YEAR AGO.Q2 NET INTEREST INCOME EUR 3.43 BILLION VERSUS EUR 3.45 BILLION SEEN IN REFINITIV POLL.RESULT REFLECTS HIGHER COLLECTIVE PROVISIONING TRIGGERED BY WORSENED MACRO-ECONOMIC OUTLOOK, HIGHER INDIVIDUAL STAGE 3 PROVISIONS, IMPAIRMENTS ON GOODWILL.

ING Co-Leads Consortium To Give Northvolt $1.6 Billion Boost

July 29 (Reuters) - ING Groep NV <INGA.AS>::ING HELPS POWER GREEN BATTERY GIGAFACTORY.ING CO-LEADS CONSORTIUM TO GIVE SUSTAINABLE BATTERY PRODUCER NORTHVOLT A $1.6 BILLION BOOST TO ACCELERATE ELECTRIFICATION OF TRANSPORTATION.HAS ADDED TO ITS FAST-GROWING PORTFOLIO OF SUSTAINABLE LOANS, BECOMING A LEAD LENDER IN A $1.6 BILLION DEBT FINANCING PACKAGE FOR SWEDEN'S NORTHVOLT.

ING To Book About EUR 300 Mln Goodwill Impairment In Q2 Results

July 28 (Reuters) - ING Groep NV <INGA.AS>::EXPECTS TO BOOK APPROXIMATELY EUR 300 MILLION AS AN IMPAIRMENT ON GOODWILL ON ITS BALANCE SHEET IN ITS Q2 2020 RESULTS.ACCOUNTING ADJUSTMENT DOES NOT INVOLVE ANY CASH OUTFLOW AND WILL NOT IMPACT ING'S CAPITAL RATIOS.IMPAIRMENT ANNOUNCED TODAY FOLLOWS NEGATIVE DEVELOPMENTS IN MACRO-ECONOMIC OUTLOOK FOR RELEVANT BUSINESS UNITS IN CONTEXT OF COVID-19 PANDEMIC.GOODWILL IS RELATED TO A NUMBER OF ACQUISITIONS IN PAST.

ING Groep: ING In Germany And Amazon Join Forces In SME Lending

June 30 (Reuters) - ING Groep NV <INGA.AS>::ING IN GERMANY AND AMAZON JOIN FORCES IN SME LENDING.ING TO COOPERATE WITH AMAZON IN OFFERING LOANS TO ELIGIBLE SELLERS THROUGH AMAZON'S SELLER PORTAL.ING IN GERMANY WILL PROVIDE THESE SELLERS WITH LOANS OF BETWEEN EUR 10,000-750,000 WITH A REPAYMENT PERIOD OF UP TO THREE YEARS.

ING Belgium CEO Erik Van Den Eynden To Leave On October 1

June 30 (Reuters) - ING GROEP NV <INGA.AS>::ERIK VAN DEN EYNDEN, CEO OF ING IN BELGIUM, TO LEAVE ING BELGIUM.HANS DE MUNCK, CFO OF ING IN BELGIUM WILL ACT AS CEO AD INTERIM (SUBJECT TO ANY NECESSARY REGULATORY APPROVAL), EFFECTIVE 1 OCTOBER 2020.

Steven Van Rijswijk To Succeed Ralph Hamers As CEO Of ING

June 19 (Reuters) - ING Groep NV <INGA.AS>::STEVEN VAN RIJSWIJK TO SUCCEED RALPH HAMERS AS CEO OF ING.ING GROEP NV - SUPERVISORY BOARD HAS APPOINTED STEVEN VAN RIJSWIJK EFFECTIVE 1 JULY 2020.

ING Q1 Result Before Tax Down 35.7% At 1.02 Billion Euros

May 8 (Reuters) - ING Groep NV <INGA.AS>::ING POSTS 1Q2020 NET RESULT OF €670 MILLION.Q1 NET CORE LENDING INCREASED BY €12.3 BILLION IN 1Q2020, LARGELY REFLECTING LIQUIDITY PROVIDED IN LATE MARCH; NET CUSTOMER DEPOSIT INFLOW AMOUNTED TO €9.2 BILLION.Q1 2020 RESULT BEFORE TAX OF EUR 1,017 MILLION, 35.7% LOWER THAN IN 1Q2019.ING’S RETURN ON IFRS-EU EQUITY WAS 5.1% IN THE FIRST QUARTER OF 2020..ING'S COMMERCIAL PERFORMANCE IN Q1 WAS BROADLY IN LINE WITH YEAR-EARLIER PERIOD -CEO.REMAINS CONFIDENT ABOUT ING'S FUTURE - CEO.Q1 TOTAL INCOME DECREASED BY €65 MILLION, OR 1.4%, TO €4,511 MILLION COMPARED WITH Q1 2019.GIVEN UNCERTAINTY IN CURRENT ENVIRONMENT WILL NEED TO LOOK CLOSELY AT COST BASE TO ENSURE THAT EXPENSES OPTIMALLY SUPPORT STRATEGIC PRIORITIES AND OTHER AREAS OF HIGH IMPORTANCE - CEO.ING IS WELL CAPITALISED AND HAS A VERY STABLE FUNDING BASE -CEO.Q1 FOUR-QUARTER ROLLING ROE WAS 8.4% AND CET1 RATIO STOOD AT 14.0%.THIS GIVES US FLEXIBILITY TO SUPPORT OUR CUSTOMERS AND SOCIETY DURING CRISIS AND WORK TOGETHER WITH GOVERNMENTS AND REGULATORS TOWARDS RECOVERY -CEO.END-Q1 CASH AND BALANCES WITH CENTRAL BANKS INCREASED BY €10.6 BILLION TO €63.8 BILLION.IN Q1 AVERAGE VALUE-AT-RISK (VAR) FOR ING GROUP’S TRADING PORTFOLIO INCREASED TO €22 MILLION FROM €11 MILLION IN PREVIOUS QUARTER.LEVERAGE RATIO ON 31 MARCH 2020 WAS 4.3% VERSUS 4.6% ON 31 DECEMBER 2019.Q1 EUR 661 MILLION OF NET ADDITIONS TO LOAN LOSS PROVISIONS COMPARED WITH EUR 207 MILLION IN YEAR-AGO QUARTER.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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