Business description: ING Groep N.V.

ING Groep N.V. is the leading financial services group in Benelux. Income breaks down by activity as follows:

- retail banking (66.7%). Revenues breaks down by country between the Netherlands (33.2%), Germany (20.9%), Belgium (17.8%), and other (28.1%);

- corporate banking (31.3%);

- other (2%).

At the end of 2023, the group managed EUR 650.3 billion in current deposits and EUR 642.4 billion in current credits.

Number of employees: 60,000

Sales by Activity: ING Groep N.V.

Fiscal Period: December20192020202120222023

Banking - Wholesale Banking

4.77B 4.04B 5.8B 5.1B 7.15B

Retail Banking Netherlands

4.41B 4.31B 4.34B 4.13B 5B

Retail Banking Other

3.14B 2.67B 3.4B 3.36B 3.92B

Retail Banking Germany

2.04B 2.06B 1.96B 2.04B 3.03B

Retail Banking Belgium

2.26B 1.86B 2.25B 2.01B 2.51B

Banking - Corporate Line

568M 16M 226M 56M 445M

Unallocated EU 'IAS 39 Carve Out' Impact

- - - 11.86B -4.46B
See all business segments

Geographical breakdown of sales: ING Groep N.V.

Fiscal Period: December20192020202120222023

Netherlands

5.56B 5.41B 5.68B 8.83B 5.17B

Poland

1.34B 1.4B 1.51B 1.65B 2.35B

Belgium

2.72B 2.58B 2.72B 4.36B 1.92B

Germany

2.48B 2.54B 2.39B 8.57B 1.24B

Spain

706M 679M 743M 899M 1.16B

United States

813M 720M 936M 892M 1.12B

Australia

701M 740M 782M 948M 1.03B

United Kingdom

594M 546M 636M 693M 758M

Romania

457M 456M 495M 584M 690M

Luxemburg

322M 300M 338M 503M 587M

Italy

269M 337M 335M 345M 433M

Singapore

349M 353M 331M 354M 354M

Switzerland

234M 187M 241M 290M 248M

France

302M 266M 271M 557M 221M

Russia

93M 51M 38M 246M 136M

Hong Kong

96M 92M 79M 82M 101M

South Korea

60M 66M 65M 86M 92M

Hungary

24M 43M 44M 82M 85M

Ireland

71M 72M 70M 66M 83M

Czech Republic

94M 83M 121M 78M 76M

Ukraine

43M 26M 22M 45M 53M

Japan

31M 29M 25M 30M 40M

Taiwan

26M 36M 26M 33M 39M

Bulgaria

12M 13M 14M 15M 23M

Slovakia

14M 18M 15M 15M 20M

Brazil

43M 30M 13M 17M 18M

China

35M 26M 26M 30M 18M

Portugal

18M 16M 15M 15M 17M

Turkey

677M 420M 335M 64M 14M

Philippines

25M 13M 6M 10M 10M

Austria

80M 75M 175M 19M 9M

Colombia

1M 1M - - -

Malaysia

1M 1M - - -

Mexico

1M 1M 1M - -

Canada

3M 3M - - -

United Arab Emirates

-1M - - -1M -2M
See all geographic segments

Managers: ING Groep N.V.

Director TitleAgeSince
Chief Executive Officer 54 30/06/2020
Director of Finance/CFO 59 06/02/2019
Chief Operating Officer 54 31/08/2021
Investor Relations Contact 41 11/10/2023
Corporate Officer/Principal - -
See ING GROEP N.V. governance

Members of the board: ING Groep N.V.

Manager TitleAgeSince
Director/Board Member 71 07/05/2017
Director/Board Member 68 22/04/2019
Director/Board Member 58 30/09/2019
Director/Board Member 69 27/04/2020
Director/Board Member 55 27/04/2020
Director/Board Member 62 30/09/2020
Director/Board Member 61 25/04/2021
Director/Board Member 61 23/04/2023
Chairman 60 30/06/2023
Composition of the Board of Directors

Shareholders: ING Groep N.V.

NameEquities%Valuation
Capital Research & Management Co. (Global Investors)
6.639 %
214,691,773 6.639 % 3 324 M €
164,835,091 5.098 % 2 552 M €
Norges Bank Investment Management
3.056 %
98,803,996 3.056 % 1 530 M €
MFS International Singapore Pte Ltd.
0.7247 %
23,433,338 0.7247 % 363 M €
Amundi Asset Management SA (Investment Management)
0.3172 %
10,257,340 0.3172 % 159 M €
NameEquities%Valuation
Fisher Asset Management LLC
2.117 %
68,451,083 2.117 % 1 058 M €
The Ayco Co. LP
0.2449 %
7,917,736 0.2449 % 122 M €
Arrowstreet Capital LP
0.2409 %
7,788,413 0.2409 % 120 M €
Eaton Vance Management
0.2359 %
7,629,606 0.2359 % 118 M €
U.S. Trust Company of Delaware
0.2327 %
7,523,084 0.2327 % 116 M €
List of ING GROEP N.V. shareholders

Holdings: ING Groep N.V.

NameEquities%Valuation
97,575,00075.00%5,677,780,942 $
164,835,0915.10%2,551,940,615 $
2,755,013,10015.10%2,178,691,910 $
11,761,4000.05%1,626,013,550 $
6,120,1050.04%1,452,484,520 $
2,899,6080.04%1,227,868,004 $
22,190,033,79122.78%1,138,792,534 $
1,822,8790.20%971,485,134 $
3,500,5070.03%727,720,400 $
1,068,4240.05%613,617,272 $

Company details: ING Groep N.V.

ING Groep NV

Bijlmerdreef 106

1102 CT, Amsterdam

+31 20 563 9111

http://www.ing.com
address ING Groep N.V.(INGA)

Group companies: ING Groep N.V.

NameCategory and Sector
IBAL Covered Bond Trust
Investment Trusts/Mutual Funds
Finance/Rental/Leasing
Ing Support Holding BV
Cofiton BV
ING Vastgoed CiBoGa BV
See all subsidiaries

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Change 5d. change 1-year change 3-years change Capi. ($)
-2.07%-2.82%+8.31%+21.70%49.29B
+0.28%+0.05%+53.07%+52.38%686B
+0.72%-0.63%+49.37%+3.50%354B
+1.04%+3.42%+32.60%+11.78%288B
-0.62%-2.00%+55.65%+42.63%238B
+1.28%+3.95%+40.22%+18.83%203B
+1.83%+5.71%+36.97%+41.45%190B
+0.06%+1.31%+42.32%+37.17%179B
+0.36%+1.27%+22.96%+76.41%171B
-0.21%-0.35%+13.74%+23.04%168B
Average +0.16%+0.84%+35.52%+32.89% 252.56B
Weighted average by Cap. +0.25%+0.31%+41.93%+34.46%
See all sector performances
Trading Rating
Investor Rating
ESG Refinitiv
A-
surperformance-ratings-light-chart ING-GROEP-N-VMore Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
15.06EUR
Average target price
18.39EUR
Spread / Average Target
+22.13%
Consensus

Quarterly revenue - Rate of surprise

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