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ING Groep NV

INGA.AS

Latest Trade

12.64EUR

Change

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Today's Range

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52 Week Range

7.14

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13.74

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

Latest Developments

ING Groep Invests In Thought Machine

Dec 2 (Reuters) - ING GROEP NV <INGA.AS>::INVESTS IN CLOUD BANKING.HAS INVESTED IN THOUGHT MACHINE, A BRITISH FINTECH THAT HELPS BANKS MOVE AWAY FROM LEGACY IT INFRASTRUCTURES TO A MODERN, CLOUD-BASED PLATFORM.THOUGHT MACHINE HAS RAISED $200 MILLION IN A FUNDING ROUND THAT LIFTS ITS VALUATION ABOVE $1 BILLION.SECURITY AND REGULATION ISSUES REMAIN A HURDLE FOR BANKS IN ADOPTING TECHNOLOGY.Further company coverage: INGA.AS. (Gdansk Newsroom). ((gdansk.newsroom@thomsonreuters.com; +48 587 696 600;)).

ING And AXA To Refocus Partnership On Local Distribution Of Insurance Propositions

Nov 25 (Reuters) - ING GROEP NV <INGA.AS>::AXA AND ING TO REFOCUS ON LOCAL DISTRIBUTION OF INSURANCE PROPOSITIONS.PROPOSED APPROACH REFLECTS THE REDUCED NUMBER OF MARKETS COVERED BY THE PARTNERSHIP.IT WOULD BETTER ENABLE AXA AND ING TO RESPOND TO THE SPECIFIC INSURANCE DEMANDS OF LOCAL CUSTOMERS AND DISTRIBUTION PREFERENCES IN SELECTED ING RETAIL BANKING MARKETS.ING WILL CONTINUE TO FOCUS ON DELIVERING A DIFFERENTIATING CUSTOMER EXPERIENCE IN ALL ITS MARKETS.SERVICES TO EXISTING CUSTOMERS ARE CURRENTLY NOT IMPACTED AND WILL BE MAINTAINED.

ING Q3 Net Result Up At EUR 1.37 Bln

Nov 4 (Reuters) - ING GROEP NV <INGA.AS>::ING POSTS 3Q2021 NET RESULT OF €1,367 MILLION.3Q2021 RESULT BEFORE TAX OF EUR 1,924 MILLION.END Q3 CET1 RATIO AT 15.8%.RISK COSTS REMAIN LOW AS OVERALL BOOK QUALITY IS STRONG.RESUMPTION OF CAPITAL DISTRIBUTION THROUGH DIVIDENDS AND LAUNCH OF SHARE BUYBACK PROGRAMME IN OCTOBER.RESUMPTION OF CAPITAL DISTRIBUTION THROUGH DIVIDENDS AND LAUNCH OF SHARE BUYBACK PROGRAMME IN OCTOBER.Q3 TOTAL INCOME EUR 4.65 BILLION VERSUS EUR 4.29 BILLION YEAR AGO.Q3 NET RESULT EUR 1.37 BILLION VERSUS EUR 788 MILLION YEAR AGO.Q3 RESULT BEFORE TAX EUR 1.92 BILLION VERSUS EUR 1.20 BILLION YEAR AGO.IN QUARTER, ON RISK COSTS, WE WERE ABLE TO RELEASE SOME OF THE ADDITIONAL PROVISIONS WE TOOK EARLIER.WE'VE SHARPENED OUR TARGET FOR UPSTREAM OIL & GAS AND NOW AIM TO REDUCE OUR FUNDING FOR THIS SECTOR BY 12% BY 2025 (FROM 2019).Q3: WE GAINED ABOUT 95,000 PRIMARY CUSTOMERS SINCE THE LAST QUARTER, BRINGING THE TOTAL NUMBER OF PRIMARY CUSTOMERS TO 14.1 MILLION.

ING Groep: Payvision Will Start Phasing Out Its Services As PSP, Acquirer

Oct 28 (Reuters) - ING Groep NV <INGA.AS>::SUBSIDIARY PAYVISION WILL START PHASING OUT ITS SERVICES AS A PAYMENT SERVICE PROVIDER (PSP) AND ACQUIRER..ING HAS CONCLUDED THAT IT IS NOT FEASIBLE TO ACHIEVE ITS AMBITIONS WITH PAYVISION.AIM IS TO COMPLETE PHASE-OUT PROCESS BY Q2 OF 2022.

ING To Phase Out Payvision By Q2 2022

Oct 28 (Reuters) - ING GROEP NV <INGA.AS>::ING PHASES OUT PAYVISION.AIM IS TO COMPLETE PHASE-OUT PROCESS BY Q2 OF 2022.PAYVISION WILL CONTINUE TO FULFIL ITS CONTRACTUAL OBLIGATIONS TO MEET CLIENTS’ EXPECTATIONS.ING HAS CONCLUDED THAT IT IS NOT FEASIBLE TO ACHIEVE ITS AMBITIONS WITH PAYVISION.

Credit Agricole and Credit Mutuel join SocGen in interest for ING France unit - Les Echos

Oct 8 (Reuters) - : (Reporting by Sudip Kar-Gupta). ((sudip.kargupta@thomsonreuters.com;)).

ING Announces €1.7 Billion Share Buyback Programme

Oct 1 (Reuters) - ING Groep NV <INGA.AS>::ING ANNOUNCES €1.7 BILLION SHARE BUYBACK PROGRAMME.PURPOSE OF SHARE BUYBACK PROGRAMME IS TO REDUCE SHARE CAPITAL OF ING.SHARE BUYBACK PROGRAMME WILL COMMENCE ON 5 OCTOBER 2021 AND IS EXPECTED TO END NO LATER THAN 5 MAY 2022.HAS ENTERED INTO A NON-DISCRETIONARY ARRANGEMENT WITH A FINANCIAL INTERMEDIARY TO CONDUCT BUYBACK.ECB HAS LIFTED ITS RECOMMENDATION TO LIMIT SHAREHOLDER REMUNERATION UNTIL 30 SEPTEMBER 2021 AND HAS APPROVED SHARE BUYBACK PROGRAMME.A MAXIMUM TOTAL VALUE OF EUR 1,744 MLN AND FOR A NUMBER OF SHARES NOT EXCEEDING AUTHORITY GRANTED BY GENERAL MEETING OF SHAREHOLDERS (10% OF ISSUED SHARES).

SocGen interested in ING France - Les Echos

Sept 28 (Reuters) - : (Reporting by Mathieu Rosemain;). ((sudip.kargupta@thomsonreuters.com;)).

ING To Redeem Two Series Of Outstanding Perpetual Securities

Aug 6 (Reuters) - ING Groep NV <INGA.AS>::WILL REDEEM TWO SERIES OF OUTSTANDING PERPETUAL SECURITIES: EUR 750 MILLION ING PERPETUAL SECURITIES II AND EUR 1 BILLION ING PERPETUAL SECURITIES III.BOTH ON OPTIONAL REDEMPTION DATE OF 30 SEPTEMBER 2021..

ING To Distribute 2019 Reserves In Cash Or Via Share Buy-back

Aug 6 (Reuters) - ING Groep NV <INGA.AS>::REG-ING POSTS 2Q2021 NET RESULT OF €1,459 MILLION.Q2 GROWTH IN FEE INCOME OF 18.3% YEAR-ON-YEAR, ESPECIALLY IN DAILY BANKING AND INVESTMENT PRODUCTS.2Q2021 RESULT BEFORE TAX OF EUR 2,065 MILLION; CAPITAL POSITION STRENGTHENS TO 15.7%.Q2 NET RELEASE OF RISK COSTS FOLLOWING AN UPDATE OF MACROECONOMIC INDICATORS. EXPENSES REMAINED UNDER CONTROL..PRIMARY CUSTOMER BASE ROSE BY 281,000 IN 2Q2021 TO 14.0 MILLION..NET CORE LENDING GROWTH OF EUR -3.7 BILLION IN 2Q2021 DUE TO REPAYMENTS;.Q2 NET CORE LENDING GROWTH OF EUR -3.7 BILLION IN 2Q2021.Q2 NET CORE DEPOSITS GROWTH OF EUR 4.9 BILLION.WE WILL DISTRIBUTE EUR 3,618 MILLION AFTER 30 SEPTEMBER 2021.WE WILL PAY AN AMOUNT OF EUR 0.48 PER SHARE IN OCTOBER 2021.ADDITIONAL DISTRIBUTION OF EUR 1,744 MILLION RELATED TO AMOUNT RESERVED OVER 2019.Q2 TOTAL INCOME EUR 4.52 BILLION VERSUS EUR 4.67 BILLION YEAR AGO.2019 RESERVES WILL BE IN FORM OF CASH AND/OR A SHARE BUYBACK, SUBJECT TO RELEVANT APPROVALS..Q2 NET RESULT EUR 1.46 BILLION VERSUS EUR 299 MILLION YEAR AGO.Q2 RESULT BEFORE TAX EUR 2.07 MILLION VERSUS EUR 542 MILLION YEAR AGO.OUR EMPLOYEES ARE STILL LARGELY WORKING FROM HOME, SUPPORTED BY THE APPROPRIATE TOOLS.CET1 RATIO AT 15.7% VERSUS 15.0% YEAR AGO.Q2 COST OF RISK -6 BPS OF AVERAGE CUSTOMER LENDING VERSUS 85 BPS IN 2Q2020.

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

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