ING posts 2Q2022 internet results of €1,178 million, supported by elevated earnings and modest threat prices


2Q2022 revenue earlier than tax of €1,743 million; capital place stays sturdy with a 14.7% CET1 ratio Greater internet curiosity earnings, supported by a rise in legal responsibility margins

Will increase in each buyer lending and buyer deposits spotlight the power of our common banking mannequin

Danger prices within the quarter had been modest as ebook high quality stays sturdy

Hyperinflationary circumstances in Turkey require software of IAS 29, which mixed with a goodwill impairment had an affect of €-277 million on internet revenue, however the affect on CET1 was barely optimistic

ING declares interim money dividend of €0.17 per unusual share

CEO assertion

“The backdrop to ING’s efficiency within the second quarter of 2022 was certainly one of ongoing geopolitical uncertainty and strain on the worldwide economic system,” stated ING CEO Steven van Rijswijk. “Regardless of these troublesome working circumstances, I’m happy with our outcomes. I imagine resilience and adaptableness are two of ING’s core strengths, and we confirmed these qualities as soon as once more by rising our main buyer base by 228,000 for the reason that first quarter and persevering with to diversify our revenues, with payment earnings up 4% year-on-year. Our resilience is underpinned by our sturdy capital place and threat administration framework, with restricted threat prices within the second quarter. There was a small quarter-on-quarter rise in underlying bills, however that was effectively under inflation.

“At our Investor Replace in June, I used to be proud that we had been in a position to present how effectively ING has carried out on many key monetary metrics over the previous few years, together with in the course of the pandemic. Wanting forward, we intention to bolster our place because the main common financial institution in Europe by specializing in delivering worth via our Retail Banking and Wholesale Banking companies. The power of our Wholesale Financial institution is in its mix of world attain, native data and sector experience, and through this quarter Wholesale Banking elevated its earnings contribution by €338 million in contrast with the second quarter of final 12 months. In Retail Banking we’re focusing our capital, value and efforts on the place we are able to construct enough native scale. On this method we are able to supply really superior buyer propositions, appeal to and retain the precise expertise, and obtain good returns.

“Our sturdy industrial efficiency on this quarter flows from our overarching strategic priorities: to offer a superior buyer expertise and put sustainability on the coronary heart of what we do. That is how we intention to make a distinction for folks and the planet. We proceed to spend money on a buyer expertise that’s related, simple, private and on the spot, tailor-made to the wants of our buyer segments. Our sturdy, scalable know-how and operations basis facilitates digital innovation, which in flip results in impactful enhancements for purchasers. Examples from the second quarter embrace a extra digital mortgage software course of in Romania and Belgium, new simple cost prospects within the Dutch app, and account aggregation in Spain. With regards to sustainability, we now have dedicated to aligning with local weather objectives limiting the rise in international temperatures to 1.5 levels Celsius. We have subsequently set intermediate sector-specific objectives for 2030 that match a worldwide emissions lower of 45% in comparison with 2010 ranges.

“The financial and political challenges the world is going through will probably persist for the foreseeable future. Regardless of this unsettling outlook, I’m assured in ING’s potential to offer the required help to our prospects and to proceed to create worth for all stakeholders, whereas intensifying our efforts within the struggle in opposition to local weather change.”

Analyst and investor convention name

4 August 2022 at 9:00 am CEST

Stay audio webcast

Media convention name

4 August 2022 at 11:00 am CEST

Stay audio webcast


ING is a worldwide monetary establishment with a robust European base, providing banking companies via its working firm ING Financial institution. The aim of ING Financial institution is empowering folks to remain a step forward in life and in enterprise. ING Financial institution’s greater than 57,000 staff supply retail and wholesale banking companies to prospects in over 40 international locations.

ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Inventory Change (ADRs: ING US, ING.N).

Sustainability is an integral a part of ING’s technique, evidenced by ING’s main place in sector benchmarks. ING’s Environmental, Social and Governance (ESG) ranking by MSCI was affirmed ‘AA’ in December 2021. As of September 2021, Sustainalytics considers ING’s administration of ESG materials threat to be ‘sturdy’, and in June 2022 ING obtained an ESG ranking of ‘sturdy’ from S&P International Scores. ING Group shares are additionally included in main sustainability and ESG index merchandise of main suppliers STOXX, Morningstar and FTSE Russell.

Additional info

All publications associated to ING’s 2Q2022 outcomes will be discovered at, together with a video with CEO Steven van Rijswijk.The ‘ING ON AIR’ video can also be obtainable on YouTube.

Further monetary info is obtainable at

• ING Group Historic Development Knowledge

• ING Group Outcomes presentation

• ING Group Credit score Replace presentation

For additional info on ING, please go to Frequent information updates will be discovered within the Newsroom or through the @ING_news Twitter feed. Images of ING operations, buildings and its executives can be found for obtain at Flickr. ING shows can be found at SlideShare.