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ING Group reported a 7.8% decline in Q1 2025 net profit to €1.45bn, impacted by higher regulatory costs and loan provisions. Total income rose 1% year-on-year to €5.63bn, driven by increased retail balances and fee income, while net core lending grew by €6.8bn. The bank announced a €2bn share buyback program and expects flat full-year income, with a targeted 5-10% increase in fee income.
ING Groep NV announced a €2 billion buyback and reported a net income of €1.46 billion for Q1, exceeding analyst expectations. Despite macroeconomic uncertainties, the bank reaffirmed its capital targets and plans to lower its CET1 ratio to about 12.5% by 2027, while emphasizing opportunities for growth in Europe through regulatory simplification and infrastructure investments.
ING reported a first-quarter net profit of 1.46 billion euros, surpassing expectations, and announced a 2 billion euro share buyback, boosting its shares by up to 5.7%. The bank's CET-1 ratio stood at 13.6%, with a revised target of 12.8% to 13% by year-end, reflecting macroeconomic uncertainties. CEO Steven van Rijswijk highlighted strong deposit growth and increased mortgage volumes as key drivers of the results.
ING reported a first-quarter net profit of 1.46 billion euros, surpassing expectations, and announced a 2 billion euro share buyback, boosting its shares by 4.3%. The results were driven by strong deposit growth and increased mortgage volumes, despite ongoing macroeconomic uncertainties. The bank aims to maintain a CET-1 ratio of 12.8% to 13% by year-end, while continuing to explore merger and acquisition opportunities.
ING Groep NV has announced a €2 billion buyback while extending its timeline for achieving a CET1 ratio of 12.8-13.0% by year-end 2025, up from a previous target of 12.5%. The bank's net income for Q1 reached €1.46 billion, surpassing analyst expectations, as it navigates economic uncertainties and seeks to enhance competitiveness through regulatory simplification and infrastructure investments.
ING Groep reported a net profit of 1.455 billion euros for Q1, surpassing estimates despite a 7.8% decline year-over-year due to increased costs. Total income rose 1.0% to 5.64 billion euros, aided by higher fees and commissions, while the bank announced a $2.26 billion buyback. The common equity Tier 1 ratio remained stable at 13.6%, supporting its guidance for 2025 and 2027 targets.
ING reported a net result of €1,455 million for Q1 2025, driven by strong growth in customer balances and fee income, alongside a profit before tax of €2,124 million. The bank's CET1 ratio stands at 13.6%, with a €2.0 billion share buyback announced amid ongoing geopolitical and macroeconomic uncertainties. Retail Banking saw a significant increase in customer deposits and mortgage applications, while Wholesale Banking maintained stable income despite turbulent market conditions.
ING Groep N.V. held its 2025 Annual General Meeting in Amsterdam, where all agenda items were adopted, including the annual accounts for 2024 and the discharge of the Executive and Supervisory Board members. Steven van Rijswijk and Ljiljana Čortan were reappointed to the Executive Board, while Stuart Graham and Petri Hofsté joined the Supervisory Board. Margarete Haase and Lodewijk Hijmans van den Bergh were also reappointed.
In 2024, Europe's top bankers are earning record salaries, led by Sergio Ermotti of UBS at 15.4 million euros, followed by Andrea Orcel of Unicredit at 13.2 million euros. Other notable figures include Christian Sewing of Deutsche Bank at 9.8 million euros and Hector Grisi of Santander at 8.3 million euros. These high earnings are driven by substantial bank profits, despite rising interest rates, while discussions in Switzerland about limiting executive pay could impact future compensation dynamics.
Sergio Ermotti, CEO of UBS, topped the list of Europe's bank executives with a remuneration of 14.9 million francs for 2024, significantly outpacing his peers. Despite investor criticism, both UBS and UniCredit defended their compensation packages, citing strong company performance and competitive talent markets. The rising profitability in the banking sector has led to increased bonuses across the industry, particularly in investment banking, while some CEOs, like those of Credit Agricole and ING, remain at the lower end of the pay scale due to less reliance on this sector.
Steven van Rijswijk
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