AllAnalyst Report
logoMorningstarMay 06, 2021

ING Groep N.V.: ING Reports Comfortable First-Quarter Earnings Beat

Symbols
ING
Sector(s)
Financial Services
Rating
Current Price
$13.26
Fair Value
Economic Moat
Stewardship
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.

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