ING to host Investor Update 2022
13 Juni 2022 - 08:00AM
GlobeNewswire Inc.
ING to host Investor Update 2022
ING to host Investor Update 2022
ING is hosting an institutional Investor Update today, 13 June
2022, in Amsterdam, the Netherlands. Steven van Rijswijk, CEO of
ING, and the other members of ING’s Management Board will provide a
strategy update and present our digital approach, our
sustainability efforts and our financials. The presentations will
be followed by a Q&A session for analysts and institutional
investors
During the Investor Update we will share the financial targets
for the period 2022-2025. In this period, we target an average
annual total income growth of 3% and an annual average fee income
growth between 5% and 10%. For 2025, we target a cost income ratio
of 50-52%, a CET1 ratio of around 12.5% and a return on equity of
12%.
“In addition to these financial targets, we have set a target
for our commitment to support our Wholesale Banking clients in
their green transition and commit to mobilise €125 billion of
sustainable finance per annum by 2025. We intend to lead in the
sustainable transition and by focusing on the volume mobilised, we
clearly mark transactions where we support our clients’ transition
towards their own sustainability goals as well as delivering on our
commitment to reduce the CO2 emission intensity of ING’s
portfolio,” said Steven van Rijswijk.
The Investor Update will start at 13.00 CET and will conclude at
approximately 17.00 CET. The presentations can be viewed live via
webcast via this link. A replay of the webcast will be available
after the event. All materials presented at the Investor Update are
available online at www.ing.com/investorday.
Note for editors
For further information on ING, please visit www.ing.com.
Frequent news updates can be found in the Newsroom or via the
@ING_news Twitter feed. Photos of ING operations, buildings and its
executives are available for download at Flickr.
| Press
enquiriesChristoph Linke+31 20 576
4315Christoph.Linke@ing.com |
|
Investor
enquiriesING Group Investor
RelationsInvestor.Relations@ing.com |
|
ING PROFILEING is a global financial institution
with a strong European base, offering banking services through its
operating company ING Bank. The purpose of ING Bank is empowering
people to stay a step ahead in life and in business. ING Bank’s
more than 57,000 employees off er retail and wholesale banking
services to customers in over 40 countries. ING Group shares
are listed on the exchanges of Amsterdam (INGA NA, INGA.AS),
Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING’s strategy,
evidenced by ING’s leading position in sector benchmarks. ING's ESG
rating by MSCI was affirmed 'AA' in December 2021. ING Group shares
are included in major sustainability and Environmental, Social and
Governance (ESG) index products of leading providers STOXX,
Morningstar and FTSE Russell. In January 2021, ING received an ESG
evaluation score of 83 ('strong') from S&P Global Ratings.
IMPORTANT LEGAL INFORMATIONElements of this
press release contain or may contain information about ING Groep
N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to
(4) of EU Regulation No 596/2014. Certain of the statements
contained herein are not historical facts, including, without
limitation, certain statements made of future expectations and
other forward-looking statements that are based on management’s
current views and assumptions and involve known and unknown risks
and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. Actual results, performance or events may differ
materially from those in such statements due to a number of
factors, including, without limitation: (1) changes in general
economic conditions and customer behaviour, in particular economic
conditions in ING’s core markets, including changes affecting
currency exchange rates and the regional and global economic impact
of the invasion of Russia into Ukraine and related international
response measures (2) effects of the Covid-19 pandemic and related
response measures, including lockdowns and travel restrictions, on
economic conditions in countries in which ING operates, on ING’s
business and operations and on ING’s employees, customers and
counterparties (3) changes affecting interest rate levels (4) any
default of a major market participant and related market disruption
(5) changes in performance of financial markets, including in
Europe and developing markets (6) fiscal uncertainty in Europe and
the United States (7) discontinuation of or changes in ‘benchmark’
indices (8) inflation and deflation in our principal markets (9)
changes in conditions in the credit and capital markets generally,
including changes in borrower and counterparty creditworthiness
(10) failures of banks falling under the scope of state
compensation schemes (11) non-compliance with or changes in laws
and regulations, including those concerning financial services,
financial economic crimes and tax laws, and the interpretation and
application thereof (12) geopolitical risks, political
instabilities and policies and actions of governmental and
regulatory authorities, including in connection with the invasion
of Russia into Ukraine and related international response measures
(13) legal and regulatory risks in certain countries with less
developed legal and regulatory frameworks (14) prudential
supervision and regulations, including in relation to stress tests
and regulatory restrictions on dividends and distributions (also
among members of the group) (15) regulatory consequences of
the United Kingdom’s withdrawal from the European Union, including
authorizations and equivalence decisions (16) ING’s ability to meet
minimum capital and other prudential regulatory requirements (17)
changes in regulation of US commodities and derivatives businesses
of ING and its customers (18) application of bank recovery and
resolution regimes, including write down and conversion powers in
relation to our securities (19) outcome of current and future
litigation, enforcement proceedings, investigations or other
regulatory actions, including claims by customers or stakeholders
who feel misled or treated unfairly, and other conduct issues (20)
changes in tax laws and regulations and risks of non-compliance or
investigation in connection with tax laws, including FATCA (21)
operational and IT risks, such as system disruptions or failures,
breaches of security, cyber-attacks, human error, changes in
operational practices or inadequate controls including in respect
of third parties with which we do business (22) risks and
challenges related to cybercrime including the effects of
cyberattacks and changes in legislation and regulation related to
cybersecurity and data privacy (23) changes in general competitive
factors, including ability to increase or maintain market share
(24) inability to protect our intellectual property and
infringement claims by third parties (25) inability of
counterparties to meet financial obligations or ability to enforce
rights against such counterparties (26) changes in credit ratings
(27) business, operational, regulatory, reputation, transition and
other risks and challenges in connection with climate change and
ESG-related matters (28) inability to attract and retain key
personnel (29) future liabilities under defi ned benefit retirement
plans (30) failure to manage business risks, including in
connection with use of models, use of derivatives, or maintaining
appropriate policies and guidelines (31) changes in capital and
credit markets, including interbank funding, as well as customer
deposits, which provide the liquidity and capital required to fund
our operations, and (32) the other risks and uncertainties detailed
in the most recent annual report of ING Groep N.V. (including the
Risk Factors contained therein) and ING’s more recent disclosures,
including press releases, which are available on www.ING.com. This
document may contain inactive textual addresses to internet
websites operated by us and third parties. Reference to such
websites is made for information purposes only, and information
found at such websites is not incorporated by reference into this
document. ING does not make any representation or warranty with
respect to the accuracy or completeness of, or take any
responsibility for, any information found at any websites operated
by third parties. ING specifically disclaims any liability with
respect to any information found at websites operated by third
parties. ING cannot guarantee that websites operated by third
parties remain available following the publication of this
document, or that any information found at such websites will not
change following the filing of this document. Many of those factors
are beyond ING’s control. Any forward looking statements made by or
on behalf of ING speak only as of the date they are made, and ING
assumes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information
or for any other reason. This document does not constitute an offer
to sell, or a solicitation of an offer to purchase, any securities
in the United States or any other jurisdiction. |
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