Great results and more buy-backs Thursday, May 2, 2024, 12:59 AM ET
ING posts 1Q2024 net result of EUR1,578 million, with strong commercial performance
ING posts 1Q2024 net result of EUR1,578 million,
with strong commercial performance
1Q2024 profit before tax of EUR2,293 million; 4-quarter rolling return on equity of 14.8% on higher CET1 ratio of 14.8% -- Net interest income from lending and liabilities remains strong -- Double-digit growth in fee income, with strong contributions from both Retail and Wholesale Banking -- Increase of 99,000 primary customers, net core deposits growth of EUR13.5 billion and net core lending growth of EUR4.2 billion while keeping our focus on capital efficiency -- EUR2.5 billion share buyback as we continue to align our capital to our target level All this and yielding 7%!GLTAL