Edition:
United States

ING Groep NV (INGA.AS)

INGA.AS on Amsterdam Stock Exchange

10.27EUR
11:35am EDT
Change (% chg)

€0.20 (+1.97%)
Prev Close
€10.07
Open
€10.17
Day's High
€10.32
Day's Low
€10.14
Volume
11,933,793
Avg. Vol
14,851,104
52-wk High
€13.28
52-wk Low
€9.09

Latest Key Developments (Source: Significant Developments)

ING Decides Against Further Advances On Commerzbank - Handelsblatt
Monday, 10 Jun 2019 08:06am EDT 

June 10 (Reuters) - HANDELSBLATT::ACCORDING TO INFORMATION OBTAINED BY HANDELSBLATT FROM FINANCIAL CIRCLES, ING <<>> HAS DECIDED NOT TO MAKE FURTHER ADVANCES ON MERGER WITH COMMERZBANK <<>>.NEITHER ING NOR COMMERZBANK WANTED TO COMMENT ON THE INFORMATION.  Full Article

Stern Groep: Conditional Refinancing Agreement Concerning Sale Of SternLease
Friday, 29 Mar 2019 03:20am EDT 

March 29 (Reuters) - STERN GROEP NV ::ANNOUNCED ON THURSDAY CONCLUSION OF REFINANCING AGREEMENT IN CASE SHAREHOLDERS APPROVE SALE OF STERNLEASE TO ALD AUTOMOTIVE ON MAY 31, 2019.ABN AMRO, ING AND RABOBANK TO ACT AS REFINANCING BANKS.ARRANGEMENT CONCLUDED FOR A 3-YEAR PERIOD AND FOR AMOUNT OF EUR 60 MLN .ABN AMRO AND ING PARTICIPATE EACH FOR EUR 22 MILLION AND RABOBANK FOR EUR 16 MILLION..IF SHAREHOLDERS DO NOT APPROVE SALE OF STERNLEASE TO ALD AUTOMOTIVE, CURRENT CREDIT FACILITIES WILL CONTINUE TO APPLY.  Full Article

ING Posts 2018 Net Result Of 4.70 Billion Euros
Wednesday, 6 Feb 2019 12:59am EST 

Feb 6 (Reuters) - ING GROEP NV ::REG-ING POSTS 2018 NET RESULT OF €4,703 MILLION; 4Q18 NET RESULT OF €1,273 MILLION.RETAIL CUSTOMER BASE GREW TO 38.4 MILLION IN 4Q18, AND PRIMARY CUSTOMER RELATIONSHIPS GREW BY 300,000 TO REACH 12.5 MILLION.NET CORE LENDING INCREASED BY EUR 3.2 BILLION IN 4Q18.Q4 REUTERS POLL: TOTAL UNDERL INCOME EUR 4.42 BILLION; NET INTEREST INCOME EUR 3.48 BILLION; NET RESULT EUR 1.12 BILLION.END-Q4 CORE TIER 1 RATIO SEEN AT 14.1 PERCENT IN REUTERS POLL.FULL-YEAR UNDERLYING ROE ROSE TO 11.2% AND FULLY LOADED CET1 RATIO IS STRONG AT 14.5%.FY2018 DIVIDEND OF EUR 0.68 PER SHARE.OUR GLOBAL CUSTOMER BASE GREW BY ONE MILLION CUSTOMERS OVER YEAR TO REACH 38.4 MILLION, AND NUMBER OF PRIMARY CUSTOMERS INCREASED 9.9% TO 12.5 MILLION - CEO.Q4 NET RESULT ING GROUP EUR 1.27 BILLION VERSUS EUR 1.12 BILLION IN REUTERS POLL.Q4 NET INTEREST INCOME EUR 3.57 BILLION VERSUS EUR 3.51 BILLION YEAR AGO.NET GROWTH IN CORE LENDING AMOUNTED TO EUR 36.6 BILLION, WHILE NET GROWTH IN CUSTOMER DEPOSITS WAS EUR 19.3 BILLION - CEO.ING'S FULL-YEAR UNDERLYING PRE-TAX RESULT ROSE 4.5% TO EUR 7,524 MILLION - CEO.Q4 TOTAL UNDERLYING INCOME EUR 4.50 BILLION VERSUS EUR 4.42 BILLION IN REUTERS POLL.ING'S FULL-YEAR UNDERLYING RETURN ON EQUITY INCREASED FROM 2017 TO 11.2% AND FULLY LOADED CET1 RATIO CAME IN STRONG AT 14.5%.ING AIMS TO PAY A PROGRESSIVE DIVIDEND.  Full Article

ING Says Tanate Phutrakul To Succeed Koos Timmermans As CFO
Tuesday, 4 Dec 2018 04:22pm EST 

Dec 5 (Reuters) - ING GROEP NV ::SAID ON TUESDAY TANATE PHUTRAKUL TO SUCCEED KOOS TIMMERMANS AS CHIEF FINANCIAL OFFICER OF ING.  Full Article

ING Reports Q3 Net Result Of 776 Million Euros
Thursday, 1 Nov 2018 01:59am EDT 

Nov 1 (Reuters) - ING GROEP NV ::REG-ING POSTS 3Q18 NET RESULT OF €776 MILLION.ING 3Q18 UNDERLYING PRE-TAX RESULT OF EUR 2,124 MILLION; NET RESULT WAS EUR 776 MILLION AFTER EUR 775 MILLION SETTLEMENT AMOUNT.3Q18 RESULT REFLECTS CONTINUED BUSINESS GROWTH AT RESILIENT MARGINS, LOW LEVEL OF RISK COSTS AND EXPENSE CONTROL.3Q18 NET RESULT INCLUDES EUR 775 MILLION SETTLEMENT AGREEMENT WITH DUTCH AUTHORITIES AS ANNOUNCED ON 4 SEPTEMBER 2018.PRIMARY CUSTOMER BASE INCREASED IN 3Q18 BY 200,000 TO 12.2 MILLION AND TOTAL RETAIL CUSTOMER BASE STOOD AT 38.0 MILLION.NET CORE LENDING WAS WELL DIVERSIFIED AND GREW BY EUR 6.8 BILLION IN 3Q18; NET CUSTOMER DEPOSIT INFLOW AMOUNTED TO EUR 3.4 BILLION.ING'S 3Q18 FOUR-QUARTER ROLLING AVERAGE UNDERLYING ROE WAS 10.7% AND FULLY LOADED CET1 RATIO REMAINED STRONG AT 14.0%.Q3 NET INTEREST INCOME EUR 3.5 BILLION VERSUS EUR 3.47 BILLION IN REUTERS POLL.Q3 NET RESULT EUR 776 MILLION VERSUS EUR 630 MILLION IN REUTERS POLL.Q3 TOTAL UNDERLYING INCOME EUR 4.65 BILLION VERSUS EUR 4.50 BILLION IN REUTERS POLL.ING GROUP'S FULLY LOADED CET1 RATIO REMAINED STRONG AT 14.0% IN Q3.REUTERS POLL: Q3 NET INTEREST INCOME: EUR 3.47 BILLION; Q3 TOTAL UNDERLYING INCOME EUR 4.50 BILLION.  Full Article

ING Bank Slaski Gets EUR 100 Mln Loan From Parent Company
Tuesday, 30 Oct 2018 08:54am EDT 

Oct 30 (Reuters) - ING BANK SLASKI SA ::SIGNS EUR 100 MILLION LOAN AGREEMENT WITH ING BANK N.V. <<>>.TO FILE MOTION TO THE POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) TO INCLUDE THE AMOUNT OF THE 10-YEAR LOAN IN TIER II CAPITAL.ING BANK OWNS 75% PF STAKE IN ING BANK SLASKI .  Full Article

Koos Timmermans To Step Down As CFO And Member Of Executive Board Of ING Group
Tuesday, 11 Sep 2018 01:30am EDT 

Sept 11 (Reuters) - ING GROEP NV ::KOOS TIMMERMANS TO STEP DOWN AS CFO AND MEMBER OF THE EXECUTIVE BOARD OF ING GROUP.RESIGNATION FOLLOWS ANNOUNCEMENT ON 4 SEPTEMBER 2018 OF SETTLEMENT REGARDING SHORTCOMINGS IN EXECUTION OF CUSTOMER DUE DILIGENCE POLICIES.SEARCH PROCESS FOR A SUCCESSOR FOR KOOS TIMMERMANS HAS BEEN STARTED.KOOS TIMMERMANS HAS AGREED TO REMAIN IN HIS POSITION UNTIL SUCCESSION PROCESS.  Full Article

ING Receives Notice From SEC On Conclusion Of Investigation
Wednesday, 5 Sep 2018 02:40am EDT 

Sept 5 (Reuters) - ING GROEP NV ::REG-ING RECEIVES NOTICE FROM SEC ON CONCLUSION OF INVESTIGATION.DIVISION OF ENFORCEMENT DOES NOT INTEND TO RECOMMEND AN SEC ENFORCEMENT ACTION AGAINST ING.  Full Article

ING Reaches Settlement Agreement With Dutch Authorities On Regulatory Issues In ING Netherlands Business
Tuesday, 4 Sep 2018 01:05am EDT 

Sept 4 (Reuters) - ING GROEP NV ::REG-ING REACHES SETTLEMENT AGREEMENT WITH DUTCH AUTHORITIES ON REGULATORY ISSUES IN THE ING NETHERLANDS BUSINESS.SAYS AGREES TO PAY A FINE OF EUR 675 MILLION AND EUR 100 MILLION FOR DISGORGEMENT.ACKNOWLEDGES SERIOUS SHORTCOMINGS IN EXECUTION OF CUSTOMER DUE DILIGENCE POLICIES TO PREVENT FINANCIAL ECONOMIC CRIME AT ING NETHERLANDS IN PERIOD INVESTIGATED (2010-2016).SINCERELY REGRETS THAT THESE SHORTCOMINGS ENABLED CUSTOMERS TO MISUSE ACCOUNTS OF ING NETHERLANDS.INITIATED MEASURES AGAINST A NUMBER OF (FORMER) SENIOR EMPLOYEES WITH BROADER RESPONSIBILITY FOR THE SAFEGUARDING AND EXECUTION OF FEC CDD POLICIES AND PROCEDURES IN ING NETHERLANDS.ING NETHERLANDS HAS TAKEN VARIOUS STEPS TO ENHANCE ITS COMPLIANCE RISK MANAGEMENT AND WILL FURTHER STRENGTHEN ITS COMPLIANCE CULTURE AND AWARENESS.SAYS BASED ON SETTLEMENT AGREEMENT ANNOUNCED TODAY, ING EXPECTS THAT THIS MATTER WILL ALSO BE RESOLVED WITH SEC.EVENT TO HAVE A COMBINED IMPACT ON ING GROUP'S Q3 2018 NET RESULT OF EUR 775 MILLION.  Full Article

NSI Confirms It Is In Detailed Discussions With ING And Amsterdam
Tuesday, 5 Jun 2018 12:47am EDT 

June 5 (Reuters) - NSI NV ::CONFIRMS IS IN DETAILED DISCUSSIONS WITH ING AND AMSTERDAM FOR POTENTIAL REDEVELOPMENT OF LAANDERPOORT ASSET.PROJECT DOES NOT HAVE PLANNING CONSENT YET, NOR HAVE ANY OF PARTIES INVOLVED MADE FORMAL COMMITMENTS TO THIS DATE.  Full Article

Photo

ING will not pursue Commerzbank tie-up: Handelsblatt

BERLIN Dutch lender ING Groep has decided against a tie-up with Germany's Commerzbank, German business daily Handelsblatt said in a pre-released report on Monday, citing financial sources.