ING Historical Trend Data 1Q2024 Introduction
General comments
- The Historical Trend Data document includes quarterly financial trend data and details of restatements. The Historical Trend Data document is published on a quarterly basis.
- In this document consolidated results of ING Group are based on IFRS as adopted by the European Union (IFRS-EU).
- Hyperinflation accounting (IAS 29) has become applicable for ING's subsidiary in Türkiye since 2Q2022 with restrospective application from 1 January 2022.
- Allocation keys are used to calculate segmental information; e.g. Retail vs. Wholesale Banking and product information. These allocation keys might be refined over time.
- Small differences are possible due to rounding.
- All figures are unaudited.
Product segmentation Wholesale Banking | ||
Product Group | Sub products | |
• | Lending | Project and Asset-based Finance excluding Trade & Commodity Finance |
Real Estate Finance Corporate Clients | ||
General Lending | ||
• | Daily Banking & Trade Finance | Transaction Services |
Trade & Commodity Finance | ||
• | Financial Markets | Financial Markets Clients & Products |
• | Treasury & Other | |
WB-part Treasury (Asset & Liability Management and Treasury) | ||
General Lease and Real Estate run-off portfolios | ||
General Leasing (non run-off) | ||
Corporate Finance | ||
Other | ||
Unaudited | ING Group Historical Trend Data 1Q2024 |
Table of contents
1. Profit or loss | 2. Balance sheet and other | 3. Customer lending/deposits | ||||
1.1 | Profit or loss: Comparable quarters | 2.1 | Consolidated Balance Sheet: Total assets - | 3.1 | Customer lending/deposits: 1Q2024 Segment split | |
1.2 | Profit or loss: 1Q2024 Segment split | Comparable quarters | 3.2 | Customer lending/deposits: Quarterly overview | ||
1.3 | Profit or loss: Quarterly overview | 2.2 | Consolidated Balance Sheet: Total assets - | 3.3 | Customer lending/deposits: Retail Banking | |
1.4 | Profit or loss: Retail Banking | Quarterly overview | 3.4 | Customer lending/deposits: Retail Banking Netherlands | ||
1.5 | Profit or loss: Retail Banking Netherlands | 2.3 | Consolidated Balance Sheet: Total liabilities and equity - | 3.5 | Customer lending/deposits: Retail Banking Belgium | |
1.6 Profit or loss: Retail Banking Belgium | Comparable quarters | 3.6 | Customer lending/deposits: Retail Banking Germany | |||
1.7 | Profit or loss: Retail Banking Germany | 2.4 | Consolidated Balance Sheet: Total liabilities and equity - | 3.7 | Customer lending/deposits: Retail Banking Other | |
1.8 | Profit or loss: Retail Banking Other | Quarterly overview | 3.8 | Customer lending/deposits: Wholesale Banking | ||
1.9 | Profit or loss: Wholesale Banking | 2.5 | Total equity: Comparable quarters | 3.9 | Customer lending/deposits: Wholesale Banking - Lending | |
1.10 | Wholesale Banking income by product | 2.6 | Total equity: Quarterly overview | 3.10 | Customer lending/deposits: Wholesale Banking - | |
1.11 | Profit or loss: Corporate Line | 2.7 | Capital position | Daily Banking & Trade Finance | ||
1.12 | Geographical split: 1Q2024 | 2.8 | Funding | 3.11 | Customer lending/deposits: Wholesale Banking - | |
1.13 | Geographical split: Comparable quarters | 2.9 | Investments: ING Group | Financial Markets | ||
1.14 | Geographical split: Netherlands | 3.12 | Customer lending/deposits: Wholesale Banking - | |||
1.15 | Geographical split: Belgium | Treasury & Other | ||||
1.16 | Geographical split: Germany | 3.13 | Customer lending/deposits: Corporate Line | |||
1.17 | Geographical split: Other Challengers | 3.14 | Customer lending/deposits: 1Q2024 Geographical split | |||
1.18 | Geographical split: Growth Markets | 3.15 | Customer lending/deposits: Geographical Netherlands | |||
1.19 | Geographical split: Wholesale Banking Rest of World | 3.16 | Customer lending/deposits: Geographical Belgium | |||
1.20 | Geographical split: Other | 3.17 | Customer lending/deposits: Geographical Germany | |||
3.18 | Customer lending/deposits: Geographical Other Challengers | |||||
3.19 | Customer lending/deposits: Geographical Growth Markets | |||||
3.20 | Customer lending/deposits: Geographical Wholesale | |||||
Banking Rest of World | ||||||
3.21 | Customer lending/deposits: Geographical Other |
Unaudited | ING Group Historical Trend Data 1Q2024 |
ING 1.1 Profit or loss: Comparable quarters
Profit or loss
ING Group | of which: Retail Banking | of which: Wholesale Banking | of which: Corporate Line | |||||||||
In € million | 1Q2024 | 1Q2023 | 4Q2023 | 1Q2024 | 1Q2023 | 4Q2023 | 1Q2024 | 1Q2023 | 4Q2023 | 1Q2024 | 1Q2023 | 4Q2023 |
Profit or loss | ||||||||||||
Net interest income | 3,825 | 4,012 | 3,875 | 2,933 | 2,817 | 2,795 | 842 | 1,059 | 962 | 50 | 136 | 117 |
Net fee and commission income | 998 | 896 | 879 | 646 | 575 | 586 | 354 | 323 | 296 | -2 | -3 | -2 |
Investment income | 8 | 15 | -24 | 5 | 12 | -19 | 2 | 3 | -5 | 0 | 0 | 0 |
Other income | 752 | 644 | 679 | 172 | 308 | 332 | 551 | 406 | 342 | 30 | -70 | 5 |
Total income | 5,583 | 5,567 | 5,408 | 3,757 | 3,712 | 3,693 | 1,749 | 1,791 | 1,595 | 78 | 63 | 120 |
Expenses excl. regulatory costs | 2,674 | 2,546 | 2,758 | 1,750 | 1,703 | 1,836 | 805 | 725 | 800 | 119 | 118 | 122 |
Regulatory costs 1) | 358 | 525 | 317 | 321 | 389 | 207 | 37 | 136 | 110 | - | -0 | -0 |
Operating expenses | 3,032 | 3,071 | 3,075 | 2,072 | 2,092 | 2,043 | 841 | 860 | 910 | 119 | 118 | 122 |
Gross result | 2,551 | 2,496 | 2,333 | 1,685 | 1,620 | 1,650 | 907 | 931 | 685 | -42 | -55 | -2 |
Addition to loan loss provisions | 258 | 152 | 86 | 165 | 242 | 86 | 93 | -90 | -1 | 0 | 0 | 2 |
Result before tax | 2,293 | 2,344 | 2,247 | 1,520 | 1,379 | 1,565 | 814 | 1,021 | 686 | -42 | -55 | -4 |
Taxation | 653 | 715 | 620 | 423 | 443 | 441 | 225 | 270 | 151 | 6 | 3 | 28 |
Non-controlling interests | 61 | 38 | 68 | 48 | 26 | 54 | 13 | 11 | 14 | - | - | - |
Net result | 1,578 | 1,591 | 1,558 | 1,050 | 910 | 1,070 | 575 | 739 | 520 | -48 | -58 | -32 |
Key figures | ||||||||||||
Interest margin | 1.51% | 1.59% | 1.54% | |||||||||
Cost/income ratio | 54.3% | 55.2% | 56.9% | 55.1% | 56.4% | 55.3% | 48.1% | 48.0% | 57.1% | n.a. | n.a. | n.a. |
Risk costs in bps of average customer lending | 16 | 9 | 5 | 14 | 21 | 8 | 20 | -19 | -0 | n.a. | n.a. | n.a. |
Return on equity based on IFRS-EU equity | 12.8% | 13.0% | 12.6% | |||||||||
Return on equity based on 12.5% CET1 2) | 16.3% | 15.8% | 16.3% | 22.6% | 19.2% | 23.2% | 12.5% | 15.2% | 11.4% | -10.0% | -12.0% | -6.9% |
Risk-weighted assets (end of period) | 323,063 | 327,377 | 319,169 | 156,353 | 155,587 | 154,366 | 150,677 | 156,218 | 150,288 | 16,033 | 15,571 | 14,515 |
Employees (internal FTEs, end of period) | 60,678 | 58,693 | 60,360 | 45,139 | 43,853 | 44,930 | 15,499 | 14,687 | 15,391 | 41 | 154 | 39 |
Four-quarter rolling average key figures | ||||||||||||
Interest margin | 1.55% | 1.40% | 1.56% | |||||||||
Cost/income ratio | 51.0% | 58.0% | 51.2% | 50.9% | 60.1% | 51.2% | 47.0% | 48.0% | 47.0% | n.a. | n.a. | n.a. |
Return on equity based on IFRS-EU equity | 14.8% | 9.7% | 14.8% | |||||||||
Return on equity based on 12.5% CET1 2) | 18.7% | 11.8% | 18.6% | 25.7% | 15.2% | 24.8% | 14.7% | 11.6% | 15.4% | -12.8% | -23.1% | -13.3% |
- Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes ('DGS') and resolution funds.
- Annualised after-tax return divided by average equity based on 12.5% of RWA.
Unaudited | ING Group Historical Trend Data 1Q2024 |
ING 1.2 Profit or loss: 1Q2024 Segment split
Profit or loss 1Q2024
Retail | Retail | Retail | Retail | Retail | Wholesale | Corporate | ||
In € million | Total | Banking | Netherlands | Belgium | Germany | Other | Banking | Line |
Balance sheet related interest | 3,825 | 3,278 | 813 | 602 | 766 | 1,096 | 1,081 | -534 |
Capital charge on book equity | - | -309 | -15 | -70 | -87 | -137 | -207 | 516 |
Interest benefit on total capital | - | -35 | -12 | -8 | -5 | -10 | -32 | 67 |
Net interest income | 3,825 | 2,933 | 787 | 524 | 674 | 948 | 842 | 50 |
Net fee and commission income | 998 | 646 | 250 | 148 | 105 | 144 | 354 | -2 |
Investment income | 1 | -0 | - | 0 | -0 | -0 | 1 | 0 |
Realised gains and fair value changes on investments | 7 | 5 | 3 | 2 | -0 | 0 | 2 | -0 |
Total investment income | 8 | 5 | 3 | 2 | -0 | 0 | 2 | 0 |
Valuation result and net trading income | 721 | 153 | 136 | 12 | -49 | 53 | 579 | -11 |
Other income | 31 | 19 | 9 | 5 | 2 | 3 | -28 | 40 |
Total other income | 752 | 172 | 145 | 17 | -46 | 56 | 551 | 30 |
Total income | 5,583 | 3,757 | 1,185 | 691 | 733 | 1,149 | 1,749 | 78 |
Expenses excl. regulatory costs | 2,674 | 1,750 | 483 | 387 | 292 | 589 | 805 | 119 |
Regulatory costs 1) | 358 | 321 | 20 | 203 | 20 | 79 | 37 | - |
Operating expenses | 3,032 | 2,072 | 503 | 589 | 312 | 667 | 841 | 119 |
Gross result | 2,551 | 1,685 | 682 | 101 | 421 | 481 | 907 | -42 |
Addition to loan loss provisions | 258 | 165 | -17 | 44 | 40 | 99 | 93 | 0 |
Result before tax | 2,293 | 1,520 | 699 | 58 | 382 | 383 | 814 | -42 |
Taxation | 653 | 423 | 179 | 27 | 126 | 90 | 225 | 6 |
Non-controlling interests | 61 | 48 | - | 0 | 0 | 47 | 13 | - |
Net result | 1,578 | 1,050 | 520 | 30 | 255 | 245 | 575 | -48 |
Key figures | ||||||||
Interest margin | 1.51% | |||||||
Cost/income ratio | 54.3% | 55.1% | 42.5% | 85.3% | 42.5% | 58.1% | 48.1% | n.a. |
Risk costs in bps of average customer lending | 16 | 14 | -4 | 19 | 15 | 36 | 20 | n.a. |
Return on equity based on IFRS-EU equity | 12.8% | |||||||
Return on equity based on 12.5% CET1 2) | 16.3% | 22.6% | 32.6% | 2.8% | 33.5% | 20.5% | 12.5% | -10.0% |
Risk-weighted assets (end of period) | 323,063 | 156,353 | 51,297 | 34,276 | 24,761 | 46,019 | 150,677 | 16,033 |
Employees (internal FTEs, end of period) | 60,678 | 45,139 | 12,532 | 7,537 | 6,009 | 19,061 | 15,499 | 41 |
Four-quarter rolling average key figures | ||||||||
Interest margin | 1.55% | |||||||
Cost/income ratio | 51.0% | 50.9% | 42.4% | 68.9% | 39.3% | 57.3% | 47.0% | n.a. |
Return on equity based on IFRS-EU equity | 14.8% | |||||||
Return on equity based on 12.5% CET1 2) | 18.7% | 25.7% | 33.6% | 12.5% | 34.7% | 21.4% | 14.7% | -12.8% |
- Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes ('DGS') and resolution funds.
- Annualised after-tax return divided by average equity based on 12.5% of RWA.
Unaudited | ING Group Historical Trend Data 1Q2024 |
ING 1.3 Profit or loss: Quarterly overview
Profit or loss
In € million | 4Q2024 | 3Q2024 | 2Q2024 | 1Q2024 | 4Q2023 | 3Q2023 | 2Q2023 | 1Q2023 |
Interest income | 14,764 | 13,796 | 14,198 | 12,975 | 11,258 | |||
Minus: interest expense | 10,939 | 9,922 | 10,170 | 8,914 | 7,246 | |||
Net interest income | 3,825 | 3,875 | 4,028 | 4,061 | 4,012 | |||
Net fee and commission income | 998 | 879 | 909 | 912 | 896 | |||
Investment income | 1 | 1 | 102 | 2 | 1 | |||
Realised gains and fair value changes on investments | 7 | -25 | 0 | -0 | 15 | |||
Total investment income | 8 | -24 | 103 | 1 | 15 | |||
Valuation result and net trading income | 721 | 605 | 885 | 727 | 692 | |||
Other income | 31 | 74 | -83 | 58 | -48 | |||
Total other income | 752 | 679 | 802 | 785 | 644 | |||
Total income | 5,583 | 5,408 | 5,842 | 5,759 | 5,567 | |||
Staff expenses | 1,706 | 1,716 | 1,689 | 1,704 | 1,616 | |||
Regulatory costs 1) | 358 | 317 | 109 | 91 | 525 | |||
Other expenses | 968 | 1,042 | 995 | 830 | 929 | |||
Operating expenses | 3,032 | 3,075 | 2,793 | 2,626 | 3,071 | |||
Gross result | 2,551 | 2,333 | 3,049 | 3,133 | 2,496 | |||
Addition to loan loss provisions | 258 | 86 | 183 | 98 | 152 | |||
Result before tax | 2,293 | 2,247 | 2,866 | 3,035 | 2,344 | |||
Taxation | 653 | 620 | 817 | 818 | 715 | |||
Non-controlling interests | 61 | 68 | 67 | 62 | 38 | |||
Net result | 1,578 | 1,558 | 1,982 | 2,155 | 1,591 | |||
Key figures | ||||||||
Interest margin | 1.51% | 1.54% | 1.57% | 1.56% | 1.59% | |||
Cost/income ratio | 54.3% | 56.9% | 47.8% | 45.6% | 55.2% | |||
Risk costs in bps of average customer lending | 16 | 5 | 11 | 6 | 9 | |||
Return on equity based on IFRS-EU equity | 12.8% | 12.6% | 16.0% | 17.5% | 13.0% | |||
Return on equity based on 12.5% CET1 2) | 16.3% | 16.3% | 20.4% | 21.8% | 15.8% | |||
Risk-weighted assets (end of period) | 323,063 | 319,169 | 320,797 | 322,926 | 327,377 | |||
Employees (internal FTEs, end of period) | 60,678 | 60,360 | 60,174 | 59,474 | 58,693 | |||
Four-quarter rolling average key figures | ||||||||
interest margin | 1.55% | 1.56% | 1.52% | 1.45% | 1.40% | |||
Cost/income ratio | 51.0% | 51.2% | 51.6% | 54.4% | 58.0% | |||
Return on equity based on IFRS-EU equity | 14.8% | 14.8% | 13.8% | 11.7% | 9.7% | |||
Return on equity based on 12.5% CET1 2) | 18.7% | 18.6% | 17.2% | 14.3% | 11.8% |
- Regulatory costs comprise bank taxes and contributions to the deposit guarantee schemes ('DGS') and resolution funds.
- Annualised after-tax return divided by average equity based on 12.5% of RWA.
Unaudited | ING Group Historical Trend Data 1Q2024 |
ING 1.4 Profit or loss: Retail Banking
Profit or loss Retail Banking
In € million | 4Q2024 | 3Q2024 | 2Q2024 | 1Q2024 | 4Q2023 | 3Q2023 | 2Q2023 | 1Q2023 |
Balance sheet related interest | 3,278 | 3,178 | 3,272 | 3,202 | 3,066 | |||
Capital charge on book equity | -309 | -311 | -268 | -231 | -187 | |||
Interest benefit on total capital | -35 | -71 | -68 | -60 | -62 | |||
Net interest income | 2,933 | 2,795 | 2,936 | 2,911 | 2,817 | |||
Net fee and commission income | 646 | 586 | 608 | 569 | 575 | |||
Investment income | -0 | 2 | 6 | 2 | 0 | |||
Realised gains and fair value changes on investments | 5 | -22 | 1 | -0 | 11 | |||
Total investment income | 5 | -19 | 7 | 1 | 12 | |||
Valuation result and net trading income | 153 | 293 | 331 | 248 | 295 | |||
Other income | 19 | 39 | 15 | 38 | 13 | |||
Total other income | 172 | 332 | 346 | 285 | 308 | |||
Total income | 3,757 | 3,693 | 3,897 | 3,766 | 3,712 | |||
Expenses excl. regulatory costs | 1,750 | 1,836 | 1,739 | 1,660 | 1,703 | |||
Regulatory costs | 321 | 207 | 94 | 81 | 389 | |||
Operating expenses | 2,072 | 2,043 | 1,833 | 1,741 | 2,092 | |||
Gross result | 1,685 | 1,650 | 2,064 | 2,025 | 1,620 | |||
Addition to loan loss provisions | 165 | 86 | 166 | 113 | 242 | |||
Result before tax | 1,520 | 1,565 | 1,898 | 1,911 | 1,379 | |||
Taxation | 423 | 441 | 540 | 488 | 443 | |||
Non-controlling interests | 48 | 54 | 48 | 46 | 26 | |||
Net result | 1,050 | 1,070 | 1,310 | 1,377 | 910 | |||
Key figures | ||||||||
Cost/income ratio | 55.1% | 55.3% | 47.0% | 46.2% | 56.4% | |||
Risk costs in bps of average customer lending | 14 | 8 | 15 | 10 | 21 | |||
Return on equity based on 12.5% CET1 1) | 22.6% | 23.2% | 27.8% | 29.1% | 19.2% | |||
Risk-weighted assets (end of period) | 156,353 | 154,366 | 155,449 | 157,248 | 155,587 | |||
Employees (internal FTEs, end of period) | 45,139 | 44,930 | 44,865 | 44,403 | 43,853 | |||
Four-quarter rolling average key figures | ||||||||
Cost/income ratio | 50.9% | 51.2% | 51.7% | 56.0% | 60.1% | |||
Return on equity based on 12.5% CET1 1) | 25.7% | 24.8% | 23.2% | 18.5% | 15.2% |
- Annualised after-tax return divided by average equity based on 12.5% of RWA.
Unaudited | ING Group Historical Trend Data 1Q2024 |
ING 1.5 Profit or loss: Retail Banking Netherlands
Profit or loss Retail Banking Netherlands
In € million | 4Q2024 | 3Q2024 | 2Q2024 | 1Q2024 | 4Q2023 | 3Q2023 | 2Q2023 | 1Q2023 |
Balance sheet related interest | 813 | 748 | 788 | 838 | 874 | |||
Capital charge on book equity | -15 | -24 | -19 | -11 | -10 | |||
Interest benefit on total capital | -12 | -24 | -23 | -20 | -21 | |||
Net interest income | 787 | 700 | 746 | 807 | 843 | |||
Net fee and commission income | 250 | 242 | 246 | 235 | 235 | |||
Investment income | - | 0 | 1 | 0 | 1 | |||
Realised gains and fair value changes on investments | 3 | 1 | 2 | -0 | 2 | |||
Total investment income | 3 | 1 | 3 | 0 | 3 | |||
Valuation result and net trading income | 136 | 230 | 276 | 176 | 216 | |||
Other income | 9 | 16 | 10 | 7 | 8 | |||
Total other income | 145 | 247 | 286 | 183 | 224 | |||
Total income | 1,185 | 1,190 | 1,281 | 1,226 | 1,305 | |||
Expenses excl. regulatory costs | 483 | 494 | 489 | 466 | 474 | |||
Regulatory costs | 20 | 72 | 27 | 21 | 93 | |||
Operating expenses | 503 | 566 | 516 | 487 | 567 | |||
Gross result | 682 | 624 | 765 | 739 | 738 | |||
Addition to loan loss provisions | -17 | -35 | -1 | -14 | 56 | |||
Result before tax | 699 | 660 | 766 | 753 | 682 | |||
Taxation | 179 | 171 | 198 | 193 | 178 | |||
Non-controlling interests | - | - | - | - | - | |||
Net result | 520 | 489 | 569 | 559 | 504 | |||
Key figures | ||||||||
Cost/income ratio | 42.5% | 47.5% | 40.3% | 39.7% | 43.4% | |||
Risk costs in bps of average customer lending | -4 | -9 | -0 | -4 | 15 | |||
Return on equity based on 12.5% CET1 1) | 32.6% | 30.7% | 35.7% | 35.2% | 31.8% | |||
Risk-weighted assets (end of period) | 51,297 | 50,662 | 51,094 | 50,820 | 50,807 | |||
Employees (internal FTEs, end of period) | 12,532 | 12,354 | 12,199 | 11,925 | 11,670 | |||
Four-quarter rolling average key figures | ||||||||
Cost/income ratio | 42.4% | 42.7% | 43.8% | 47.0% | 48.3% | |||
Return on equity based on 12.5% CET1 1) | 33.6% | 33.4% | 30.7% | 26.9% | 24.8% |
- Annualised after-tax return divided by average equity based on 12.5% of RWA.
Unaudited | ING Group Historical Trend Data 1Q2024 |
ING 1.6 Profit or loss: Retail Banking Belgium
Profit or loss Retail Banking Belgium 1)
In € million | 4Q2024 | 3Q2024 | 2Q2024 | 1Q2024 | 4Q2023 | 3Q2023 | 2Q2023 | 1Q2023 |
Balance sheet related interest | 602 | 607 | 626 | 585 | 546 | |||
Capital charge on book equity | -70 | -80 | -69 | -55 | -38 | |||
Interest benefit on total capital | -8 | -15 | -14 | -13 | -14 | |||
Net interest income | 524 | 511 | 543 | 516 | 494 | |||
Net fee and commission income | 148 | 129 | 133 | 125 | 115 | |||
Investment income | 0 | 2 | 4 | -0 | 0 | |||
Realised gains and fair value changes on investments | 2 | -1 | 0 | -0 | 1 | |||
Total investment income | 2 | 1 | 4 | -1 | 1 | |||
Valuation result and net trading income | 12 | -6 | 15 | 22 | 30 | |||
Other income | 5 | 24 | -1 | 26 | 1 | |||
Total other income | 17 | 17 | 15 | 48 | 31 | |||
Total income | 691 | 658 | 695 | 689 | 641 | |||
Expenses excl. regulatory costs | 387 | 425 | 437 | 396 | 383 | |||
Regulatory costs | 203 | 30 | - | 3 | 177 | |||
Operating expenses | 589 | 456 | 437 | 399 | 560 | |||
Gross result | 101 | 202 | 257 | 290 | 81 | |||
Addition to loan loss provisions | 44 | 28 | 50 | 13 | 78 | |||
Result before tax | 58 | 174 | 208 | 277 | 3 | |||
Taxation | 27 | 32 | 55 | 69 | 26 | |||
Non-controlling interests | 0 | 0 | 0 | 0 | 0 | |||
Net result | 30 | 141 | 153 | 207 | -22 | |||
Key figures | ||||||||
Cost/income ratio | 85.3% | 69.3% | 63.0% | 57.9% | 87.4% | |||
Risk costs in bps of average customer lending | 19 | 12 | 21 | 6 | 34 | |||
Return on equity based on 12.5% CET1 2) | 2.8% | 13.2% | 14.5% | 19.4% | -2.1% | |||
Risk-weighted assets (end of period) | 34,276 | 34,603 | 33,699 | 33,641 | 34,602 | |||
Employees (internal FTEs, end of period) | 7,537 | 7,583 | 7,601 | 7,630 | 7,588 | |||
Four-quarter rolling average key figures | ||||||||
Cost/income ratio | 68.9% | 69.1% | 68.4% | 76.0% | 81.8% | |||
Return on equity based on 12.5% CET1 2) | 12.5% | 11.2% | 10.9% | 5.1% | 2.1% |
- Including ING Luxembourg.
- Annualised after-tax return divided by average equity based on 12.5% of RWA.
Unaudited | ING Group Historical Trend Data 1Q2024 |
ING 1.7 Profit or loss: Retail Banking Germany
Profit or loss Retail Banking Germany
In € million | 4Q2024 | 3Q2024 | 2Q2024 | 1Q2024 | 4Q2023 | 3Q2023 | 2Q2023 | 1Q2023 |
Balance sheet related interest | 766 | 804 | 837 | 809 | 718 | |||
Capital charge on book equity | -87 | -83 | -72 | -63 | -41 | |||
Interest benefit on total capital | -5 | -12 | -12 | -11 | -12 | |||
Net interest income | 674 | 709 | 753 | 736 | 665 | |||
Net fee and commission income | 105 | 84 | 93 | 83 | 96 | |||
Investment income | -0 | 0 | 0 | -0 | -0 | |||
Realised gains and fair value changes on investments | -0 | -17 | 0 | - | 3 | |||
Total investment income | -0 | -17 | 1 | -0 | 3 | |||
Valuation result and net trading income | -49 | -3 | -10 | -30 | -14 | |||
Other income | 2 | -4 | 3 | 2 | 2 | |||
Total other income | -46 | -7 | -7 | -29 | -12 | |||
Total income | 733 | 769 | 839 | 790 | 753 | |||
Expenses excl. regulatory costs | 292 | 309 | 284 | 270 | 283 | |||
Regulatory costs | 20 | 26 | 18 | 12 | 40 | |||
Operating expenses | 312 | 335 | 303 | 282 | 323 | |||
Gross result | 421 | 434 | 537 | 508 | 430 | |||
Addition to loan loss provisions | 40 | 25 | 46 | 16 | 33 | |||
Result before tax | 382 | 409 | 491 | 493 | 397 | |||
Taxation | 126 | 169 | 173 | 148 | 141 | |||
Non-controlling interests | 0 | 0 | 0 | 0 | -0 | |||
Net result | 255 | 241 | 318 | 344 | 256 | |||
Key figures | ||||||||
Cost/income ratio | 42.5% | 43.5% | 36.0% | 35.7% | 42.9% | |||
Risk costs in bps of average customer lending | 15 | 10 | 18 | 6 | 13 | |||
Return on equity based on 12.5% CET1 1) | 33.5% | 30.2% | 36.3% | 38.3% | 28.1% | |||
Risk-weighted assets (end of period) | 24,761 | 24,025 | 27,070 | 28,997 | 28,541 | |||
Employees (internal FTEs, end of period) | 6,009 | 5,969 | 5,899 | 5,857 | 5,849 | |||
Four-quarter rolling average key figures | ||||||||
Cost/income ratio | 39.3% | 39.4% | 40.2% | 43.2% | 48.9% | |||
Return on equity based on 12.5% CET1 1) | 34.7% | 33.3% | 30.3% | 26.2% | 21.0% |
- Annualised after-tax return divided by average equity based on 12.5% of RWA.
Unaudited | ING Group Historical Trend Data 1Q2024 |
ING 1.8 Profit or loss: Retail Banking Other
Profit or loss Retail Banking Other 1)
In € million | 4Q2023 | 3Q2023 | 2Q2023 | 1Q2023 | 4Q2023 | 3Q2023 | 2Q2023 | 1Q2023 |
Balance sheet related interest | 1,096 | 1,020 | 1,022 | 970 | 929 | |||
Capital charge on book equity | -137 | -125 | -109 | -102 | -98 | |||
Interest benefit on total capital | -10 | -20 | -19 | -16 | -16 | |||
Net interest income | 948 | 875 | 895 | 853 | 815 | |||
Net fee and commission income | 144 | 131 | 136 | 125 | 128 | |||
Investment income | -0 | 0 | 0 | 2 | -0 | |||
Realised gains and fair value changes on investments | 0 | -4 | -1 | 0 | 5 | |||
Total investment income | 0 | -4 | -1 | 2 | 5 | |||
Valuation result and net trading income | 53 | 72 | 50 | 80 | 63 | |||
Other income | 3 | 3 | 3 | 3 | 2 | |||
Total other income | 56 | 75 | 53 | 82 | 65 | |||
Total income | 1,149 | 1,077 | 1,082 | 1,061 | 1,013 | |||
Expenses excl. regulatory costs | 589 | 608 | 528 | 528 | 562 | |||
Regulatory costs | 79 | 79 | 49 | 45 | 80 | |||
Operating expenses | 667 | 687 | 577 | 573 | 642 | |||
Gross result | 481 | 390 | 505 | 488 | 371 | |||
Addition to loan loss provisions | 99 | 68 | 72 | 99 | 75 | |||
Result before tax | 383 | 322 | 433 | 389 | 296 | |||
Taxation | 90 | 69 | 114 | 78 | 98 | |||
Non-controlling interests | 47 | 54 | 48 | 45 | 26 | |||
Net result | 245 | 199 | 271 | 266 | 172 | |||
Key figures | ||||||||
Cost/income ratio | 58.1% | 63.8% | 53.3% | 54.0% | 63.4% | |||
Risk costs in bps of average customer lending | 36 | 25 | 27 | 37 | 28 | |||
Return on equity based on 12.5% CET1 2) | 20.5% | 18.3% | 23.4% | 23.4% | 15.2% | |||
Risk-weighted assets (end of period) | 46,019 | 45,076 | 43,587 | 43,791 | 41,636 | |||
Employees (internal FTEs, end of period) | 19,061 | 19,024 | 19,165 | 18,990 | 18,745 | |||
Four-quarter rolling average key figures | ||||||||
Cost/income ratio | 57.3% | 58.6% | 58.5% | 64.0% | 68.7% | |||
Return on equity based on 12.5% CET1 2) | 21.4% | 20.1% | 19.3% | 13.9% | 10.8% |
- Includes: Australia, Italy, Spain, Poland, Romania, Türkiye, and Other.
- Annualised after-tax return divided by average equity based on 12.5% of RWA.
Unaudited | ING Group Historical Trend Data 1Q2024 |
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ING Groep NV published this content on 02 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 11:52:16 UTC.