AllAnalyst Report
logoMorningstarNovember 06, 2020

ING Groep N.V.: ING Groep Reveals New Dividend Policy and Capital Targets During Third-Quarter 2020 Results

Symbols
ING
Sector(s)
Financial Services
Rating
Premium
Current Price
$11.82
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support--a precondition of which--was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE

Analyst Profile

Johann Scholtz

Equity Analyst
Johann Scholtz is an equity analyst for Morningstar, Holland B.V., a wholly owned subsidiary of Morningstar, Inc. He covers European banks. Before joining Morningstar in 2017, Scholtz spent 11 years covering various sectors in South Africa as a buy- and sell-side analyst.Scholtz holds a Bachelor of Commerce degree in Finance from Stellenbosch University. He holds the Chartered Financial Analyst® designation and he is a Chartered Accountant CA(SA).