|Bid||11.52 x 27000|
|Ask||11.54 x 34100|
|Day's Range||11.61 - 11.68|
|52 Week Range||9.22 - 13.72|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||8.76|
|Forward Dividend & Yield||0.77 (6.65%)|
|1y Target Est||16.00|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of ING Bank Slaski S.A. Limassol, November 22, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of ING Bank Slaski S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
(Bloomberg) -- ING Groep NV won a court order allowing it to make a claim against oil tycoon Igho Sanomi’s London homes over millions owed to the bank. The problem is the bank has competition.ING’s Brussels and Geneva branch was granted a charging order for his apartments in Chelsea and Belgravia and his wife’s home in Kilburn, some of London’s most luxurious neighborhoods, by a judge in London Tuesday. The bank is owed 2.07 million pounds ($2.7 million) by Sanomi’s company Taleveras Energy, ING lawyer Rupert Cohen told the court.The oil firm originally owed $2.5 million but repaid $300,000 and accumulated 199 days of interest on the debt. The oil trader now also owes 13,533 pounds in legal costs to the bank.Credit Suisse was granted a similar order against his London homes in April over $3 million in unpaid debts. This charge takes priority over ING’s because the bank is owed more by Sanomi, Cohen said.Sanomi, who didn’t attend the hearing, didn’t respond to a request for comment. He acknowledges the debt owed and doesn’t object to the order, his lawyer Edward Mills-Webb told the court. Mills-Webb, however, disputed the amount that was owed to ING.ING didn’t immediately respond to a request for comment.It’s been a tricky period for Sanomi and Taleveras, which traded more than 100 million barrels of crude oil per year and was seeking to supply biofuel to the U.S. military, Bloomberg reported in 2017.Banque Cantonale de Geneve had also made a freezing order against the apartments, but dropped it after settling with Sanomi in May, according to court filings.Credit Suisse also previously won an order related to Sanomi’s private jet, which is currently listed as sold. In February, a judge ordered the trader to pay private jet firm Aravco Ltd. about $160,000.(Corrects to reflect nature of order in headline and first paragraph.)To contact the reporter on this story: Ellen Milligan in London at firstname.lastname@example.orgTo contact the editor responsible for this story: Anthony Aarons at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of ING Belgium SA/NV and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
ING Groep N.V. (AMS:INGA) shareholders should be happy to see the share price up 24% in the last quarter. But that...
The Dutch lender made a net profit of EUR1.34 billion for the quarter, up from EUR776 million for the same period last year but lower than consensus forecasts of EUR1.37 billion, taken from FactSet and based on three analysts’ forecasts.
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Moody's Investors Service ("Moody's") has today assigned Baa1 long-term and Prime-2 short-term local and foreign currency issuer ratings to ING Bank Hipoteczny S.A. (ING BH) a mortgage bank which is a fully owned subsidiary of the fifth largest bank in Poland, ING Bank Slaski S.A. (Deposits A2 stable, Baseline Credit Assessment baa2). Concurrently, the rating agency has assigned to the mortgage bank A2(cr) long-term and Prime-1(cr) short-term Counterparty Risk Assessments (CR Assessment) and A2 long-term and Prime-1 short-term Counterparty Risk Ratings (CRRs).