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ISP - ING Groep NV

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GlobeNewswire
Progress on share buyback programme
Progress on share buyback programme ING announced today that, in line with the launch of our €1.5 billion share buyback programme announced on 11 May 2023, we repurchased 1,687,860 shares during the week of 22 May 2023 up to and including 26 May 2023. The shares were repurchased at an average price of €12.04 for a total amount of €20,328,322.53. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at www.ing.com/
Bloomberg
Oil Rallies as Saudi Minister Warns Short Sellers of Pain Ahead
(Bloomberg) -- Oil rose to near $73 as traders evaluated a warning from Saudi Energy Minister Prince Abdulaziz bin Salman to short-sellers, offsetting a lack of tangible progress in US debt-limit talks.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutLuxury Stocks Lose $30 Billion in One Day on Demand FearsXi Upends the Secretive World of $10,000-an-Hour China ExpertsChina’s New Covid Wave Set to See 65 Mi
Bloomberg
Oil Edges Up to $71 With Debt-Ceiling Talks Restraining Rebound
(Bloomberg) -- Oil steadied near $71 a barrel after four weeks of losses, though the US debt-ceiling negotiations injected a risk-off sentiment in broader markets that’s restraining crude’s relief rally. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryMichael Burry Doubles Alibaba Stake in Big Bet on China TechChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubS&P ETF Barely Bu
GlobeNewswire
ING announces share buyback programme of up to €1.5 billion
ING announces share buyback programme of up to €1.5 billion ING announced today a share buyback programme under which it plans to repurchase ordinary shares of ING Groep N.V., for a maximum total amount of €1.5 billion. The purpose of the share buyback programme is to reduce the share capital of ING. It is a next step in converging our CET1 ratio towards our target of around 12.5% by 2025, as announced during our Investor Update in June 2022. ING Group’s CET1 ratio was 14.8% at the end of the fi
GlobeNewswire
ING posts 1Q2023 net result of €1,591 million with strong income growth and modest risk costs
ING posts 1Q2023 net result of €1,591 million with strong income growth and modest risk costs Profit before tax increases strongly to €2,344 million in 1Q2023; CET1 ratio strengthens to 14.8% • Significant income growth, with rising interest rates having a positive impact on liability margins • Modest risk costs, reflecting strong asset quality • Growth of 106,000 in primary customers and increase in net core deposits of €1.3 billion • Additional distribution to shareholders of €1.5 billion CEO
Bloomberg
Oil Slips as US Crude Stock Build Offsets Nascent Demand Uptick
(Bloomberg) -- Oil fell for the first time this week after US government data showed a build in crude inventories. Most Read from BloombergTucker Carlson’s Twitter Move Wipes $235 Million From RumbleSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Markets WrapWest Texas Intermediate settled under $73 Wedne
Bloomberg
Czechs Warn Rates May Rise Further as Inflation Risks Persist
(Bloomberg) -- The Czech central bank warned it may have to raise borrowing costs if home-grown inflation risks escalate, calling investors’ bets on monetary easing “premature.” The koruna gained.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItUS Looks Past India’s Rights Record as China Worries DeepenBanker Pay Surges For Those Willing to Work in Saudi ArabiaCarl Icahn’s Wealth Plunges $10 Billion
PR Newswire
SWIFT CURRENT ENERGY CLOSES PROJECT FINANCING ON 266 MW TRES BAHIAS SOLAR PROJECT IN SOUTHEAST TEXAS
Swift Current Energy ("Swift Current") today announced that it has closed project financing with ING Capital, LLC ("ING") and has received a tax equity commitment from Morgan Stanley Renewables Inc. ("Morgan Stanley") for its 266 MWdc (195 MWac) Tres Bahias Solar project located in Southeast Texas. The solar project is currently under construction and is expected to commence operations by the end of 2023.
GlobeNewswire
Results of ING’s 2023 Annual General Meeting
Results of ING’s 2023 Annual General Meeting The Annual General Meeting (AGM) of ING Groep N.V. was held today in Amsterdam. The AGM adopted all agenda items, including the annual accounts for 2022, discharge of the members of the Executive Board and the Supervisory Board and the dividend for 2022. Alexandra Reich was appointed as member of the Supervisory Board as per the end of the AGM. Karl Guha was appointed effective 1 July 2023. It is the intention of the Supervisory Board to elect him as
GlobeNewswire
Change of venue for 2023 Annual General Meeting
Change of venue for 2023 Annual General Meeting ING announced today that it has decided to change the venue for the 2023 Annual General Meeting in order to accommodate the high number of shareholders that have registered to attend in a safe and orderly manner. The meeting will now take place in the Muziekgebouw aan ’t IJ, Piet Heinkade 1 in Amsterdam, the Netherlands. As announced before, the meeting will be held on Monday 24 April 2023 at 14:00 CEST. Full details of all agenda items as publishe
PR Newswire
ING Americas & Rock The Street, Wall Street Celebrate Financial Literacy Month with Reimagined Career Center for High School Girls & Alumnae Pursuing Math
Rock The Street, Wall Street (RTSWS), bringing the world of math and finance to diverse high school girls, and ING Americas announce a reimagined Student & Alumnae Career Center.
The Wall Street Journal
Credit Suisse Has UBS Worried, Spurring Return of Sergio Ermotti
Hiring a trusted pair of hands for the task of integrating Credit Suisse is good news, but also highlights the nervousness of UBS’s board.
GlobeNewswire
ING to file 2022 Annual Report on Form 20-F
ING to file 2022 Annual Report on Form 20-F ING will today file its Annual Report on Form 20-F for the year ended 31 December 2022 with the United States Securities and Exchange Commission (SEC). The 2022 Form 20-F will be available on the ING website and can be downloaded from the SEC website (sec.gov) later today. Shareholders or holders of ADRs can also request a hard copy of ING’s audited financial statements, free of charge, at www.ing.com/Investor-relations/Financial-performance/Annual-rep
GlobeNewswire
ING to nominate Alexandra Reich as member of the Supervisory Board, releases proxy materials for 2023 AGM
ING to nominate Alexandra Reich as member of the Supervisory Board, releases proxy materials for 2023 AGM ING will propose to the Annual General Meeting (AGM) on Monday 24 April 2023 to appoint Alexandra Reich to the Supervisory Board. Upon decision by the AGM, the appointment of Alexandra Reich will be effective as of the end of the AGM. The proposed appointment is part of the agenda for the 2023 AGM as published today and has been approved by the European Central Bank. Alexandra Reich (Austria
GlobeNewswire
ING publishes 2022 Annual Report
ING publishes 2022 Annual Report ING today published its 2022 Annual Report. Under the theme “making the difference for people and planet” we give stakeholders an insight into our strategy, business activities and performance over the past year. Our activities are presented in the context of our strategic priorities: providing a superior customer experience and putting sustainability at the heart of what we do. On Sustainability, the report includes enhanced disclosures around our climate ambiti
GlobeNewswire
ING completes share repurchase for employee compensation
ING completes share repurchase for employee compensation ING Group announced today that it has completed the share repurchase for employee compensation which started on 1 March 2023. The total number of shares repurchased under the programme is 3,155,748 ordinary shares at an average price of €13.18 for a total consideration of €41,604,305.25. The purpose of the share repurchase is to meet obligations under the share-based compensation plans. For detailed information on the daily repurchased sha
GlobeNewswire
ING to nominate Karl Guha as Supervisory Board chairman
ING to nominate Karl Guha as Supervisory Board chairman ING announced today that it will propose to appoint Karl Guha to the Supervisory Board at the Annual General Meeting to be held on 24 April 2023. Upon decision by the AGM, the appointment will be effective as of the end of the AGM. It is the intention of the Supervisory Board to elect Karl Guha as its chairman effective 1 July 2023. He will then succeed Hans Wijers, who will retire from the Supervisory Board as of that date, as was announce
GlobeNewswire
ING to repurchase shares for employee compensation
ING to repurchase shares for employee compensation ING announced today the start of a share repurchase programme under which it plans to repurchase ordinary shares of ING Groep N.V., for a maximum total amount of €50 million. The purpose of the share repurchase programme is to meet obligations under the share-based compensation plans. ING Group’s CET1 ratio was 14.5% at the end of the fourth quarter of 2022, which is well above the prevailing CET1 ratio requirement of 10.58%. After fulfilling de
PR Newswire
Kamps, Inc. Completes First Circular Green Loan for a U.S. Pallet Organization
Kamps, Inc. ("Kamps"), one of the nation's leading pallet organizations, announced that it has amended its senior credit facility to introduce Green Loan provisions, executing the first Green Loan for a pallet company in the United States. ING Capital LLC ("ING") acted as sole Green Loan Structuring Agent on the transaction. Other lenders in the facility include Oaktree Capital Management, L.P., Adams Street Credit Advisors LP, Churchill Asset Management LLC, BlackRock Capital Investment Advisor
GlobeNewswire
Hans Wijers to retire as ING Supervisory Board chairman
Hans Wijers to retire as ING Supervisory Board chairman ING announced today that Hans Wijers has expressed the intention for personal reasons to hand over his duties as chairman and retire from the ING Group Supervisory Board in the second half of 2023. Hans Wijers was appointed to the Supervisory Board in 2017 and became its chairman in 2018. In 2021 he was reappointed for a second term. Hans Wijers said: “It has been an honour to serve as a member and chairman of the Supervisory Board of this
GlobeNewswire
ING posts FY2022 net result of €3,674 million, proposed final 2022 dividend of €0.389 per share
ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5% • Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income • Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter • Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing
GlobeNewswire
ING completes share buyback programme; remaining €297 million cash to be paid to shareholders in January
ING completes share buyback programme; remaining €297 million cash to be paid to shareholders in January ING announced today that it has completed the share buyback programme which started on 3 November 2022. The total number of shares repurchased under the programme is 107,032,745 ordinary shares at an average price of €11.25 for a total consideration of €1,203,635,570.77. During the last week of the programme from 26 December 2022 up to and including 28 December 2022, ING has repurchased 43 sh
GlobeNewswire
ING Group 2022 SREP process completed
ING Group 2022 SREP process completed ING Group has been notified of the European Central Bank (ECB) decision on the 2022 Supervisory Review and Evaluation Process (SREP), based on which it has taken a decision on ING’s prudential requirements, including capital requirements for 2023. ING Group’s fully loaded CET1 requirement is 10.96%, reflecting a countercyclical capital buffer of 47bps (fully loaded per Q3 2023). The current countercyclical capital buffer for ING Group is 4bps. In terms of Pi
GlobeNewswire
ING announces changes to Management Board Banking
ING announces changes to Management Board Banking ING today announced some changes to the Management Board Banking. In line with our strategic priorities and in order to further simplify our management structure, we will combine the roles of head of Retail Banking, Challengers & Growth Markets and Market Leaders. Pinar Abay, currently head of Market Leaders, will be appointed to the role effective 15 May 2023 (subject to regulatory approval). She will continue to be responsible for our businesse
GlobeNewswire
ING reports outcome of 2022 EU-wide Transparency Exercise
ING reports outcome of 2022 EU-wide Transparency Exercise ING Groep N.V. notes the announcements made today by the European Banking Authority and the European Central Bank (ECB) regarding the information of the 2022 EU-wide Transparency Exercise and fulfilment of the EBA Board of Supervisors’ decision. The EBA Board of Supervisors approved the package for the EU‐wide Transparency Exercise, which since 2016 is performed on an annual basis and published along with the Risk Assessment Report (RAR).