ING Groep ADR Rep 1 Ord Shs ING

Financial Services Banks - Global

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.

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ING Groep ADR Rep 1 Ord Shs

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Post by prestedon Jan 22, 2025 12:52pm

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Post# 36415407

Buy back will be done by April 2025

So, after spending 25 billion Euros in BB, what will they do with the money? Their reserves are 20% higher than required by BIS rules, so it's either acquisition or dividend. The div right now is 7.3% and not reflected in the SP, so if they up it I think we could see a SP of $30 before very long.
Just MHO. GLTAL

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