ING Revises Growth 2022-2025 Targets; Expects Annual Average Fee Income Growth of 5%-10%
13 Juni 2022 - 08:53AM
Dow Jones News
By Michael Susin
ING Bank NV said Monday that it expects total income growth to
increase an average of 3% a year, as it updated its targets for the
period between 2022 and 2025.
The Dutch multinational bank said it is targeting annual average
fee income growth of between 5% and 10%.
It also expects a common equity Tier 1 ratio--the comparison of
the bank's capital against its assets--of around 12.5%, and a
return on equity of 12%, ING said.
"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 mobilize 125 billion euros
($131.47 billion) of sustainable finance per annum by 2025," Chief
Executive Officer Steven van Rijswijk said.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
June 13, 2022 02:38 ET (06:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
ING Groep NV (EU:INGA)
Historical Stock Chart
Von Mai 2023 bis Jun 2023
ING Groep NV (EU:INGA)
Historical Stock Chart
Von Jun 2022 bis Jun 2023
