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If we exclude the volatile Other income category, ING Groep relies on net interest income for 79% of its revenues - a key concern during ECB monetary policy normalization. Lower NII and a normalizing cost of risk resulted in ING reporting a return on equity of 13% in 2024, below the exceptional 14.8% result in 2023. The bank's ROE is forecast at above 12% in 2025, impacted by higher costs and the ongoing effects of ECB rate cuts on NII.
Shares of ING Groep N.V. have been pretty soft since my last update, trailing the wider European financials space. Fourth quarter net income missed sell-side expectations, with lower Eurozone interest rates weighing on the bank's deposit margin. The core capital returns story remains in place here - with 2025 set to be another bumper year for dividends and buybacks.
NEW YORK , Feb. 6, 2025 /PRNewswire/ -- ING Capital LLC today announced the closing of $424 million in credit facilities for International Transportation Service (ITS), to support a significant terminal redevelopment that will expand yard capacity by 50% and electrify its current fleet. ITS is a container terminal operator owned by a Macquarie Asset Management (MAM) managed vehicle at the Port of Long Beach within the San Pedro Bay complex in Southern California.
ING Groep , the largest Dutch bank by assets, reported lower-than-expected fourth-quarter profit on Thursday, weighed by higher operating expenses and loan loss provisions.
Dutch lender ING Groep is considering buying rival banks in major European countries to boost its size, the Chief Executive told Reuters, potentially joining a wave of takeovers that are sweeping the region's financial sector.
Dutch lender ING Groep said on Tuesday it reached an agreement to sell its business in Russia to Global Development JSC, effectively ending all activities in the Russian market.
Exchange traded funds (ETFs) offer an easy ingress for investors to get gold exposure. With that, research firm ING is forecasting more inflows into gold-focused ETFs in 2025.
Launched in June 2024, the sustainability-linked revolving credit facility was designed to support working-class communities. MIAMI and NEW YORK , Oct. 1, 2024 /PRNewswire/ -- Lafayette Square USA, Inc. ("Lafayette Square"), a business development company, announced today that ING Capital LLC ("ING") has increased commitments to the hybrid credit facility that closed earlier this year.
Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: ING Group N.V. 2024" company profile has been added to ResearchAndMarkets.com's offering.
Dutch lender ING is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero, the bank's chief executive told Reuters.