Company ING Groep N.V.

Company ING Groep N.V.

INGA

NL0011821202

Banks

Analysts' Consensus

Equities

INGA

NL0011821202

Banks

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

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Holdings

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Ratings for ING Groep N.V.

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Banks

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Holdings

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Ratings for ING Groep N.V.

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Banks

Market Closed - Euronext Amsterdam Other stock markets 11:36:21 2024-04-23 am EDT			5-day change	1st Jan Change
15.6 ^EUR	+1.55%		+6.09%	+15.33%

Apr. 23	Indices: Euro Stoxx 50 on top, Kospi in slow motion
Apr. 22	Asia Week Ahead: BoJ Decision, Korea Q1 GDP Plus Regional Inflation Data	MT

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

EUR in Million	2022	Weight	2023	Weight	Delta
Wholesale Banking 31.3 %	6,325	34.1 %	7,057	31.3 %	+11.57%
Retail Netherlands 22.2 %	4,196	22.6 %	5,001	22.2 %	+19.18%
Retail Other 18.8 %	3,663	19.7 %	4,233	18.8 %	+15.56%
Retail Germany 14.0 %	2,172	11.7 %	3,152	14.0 %	+45.12%
Retail Belgium 11.9 %	2,147	11.6 %	2,683	11.9 %	+24.97%
Corporate Line 2.0 %	58	0.3 %	450	2.0 %	+675.86%

EUR in Million	2022	Weight	2023	Weight	Delta
Netherlands 28.5 %	5,033	27.1 %	5,171	28.5 %	+2.74%
Poland 13.0 %	1,652	8.9 %	2,350	13.0 %	+42.25%
Belgium 10.6 %	2,353	12.7 %	1,917	10.6 %	-18.53%
Germany 6.9 %	2,815	15.2 %	1,244	6.9 %	-55.81%
Spain 6.4 %	877	4.7 %	1,156	6.4 %	+31.81%
United States 6.2 %	892	4.8 %	1,124	6.2 %	+26.01%
Australia 5.7 %	948	5.1 %	1,033	5.7 %	+8.97%
United Kingdom 4.2 %	693	3.7 %	758	4.2 %	+9.38%
Romania 3.8 %	584	3.1 %	690	3.8 %	+18.15%
Luxembourg 3.2 %	422	2.3 %	587	3.2 %	+39.10%
Italy 2.4 %	345	1.9 %	433	2.4 %	+25.51%
Singapore 2.0 %	354	1.9 %	354	2.0 %	0.00%
Switzerland 1.4 %	290	1.6 %	248	1.4 %	-14.48%
France 1.2 %	372	2.0 %	221	1.2 %	-40.59%
Russia 0.8 %	246	1.3 %	136	0.8 %	-44.72%
Hong Kong 0.6 %	82	0.4 %	101	0.6 %	+23.17%
South Korea 0.5 %	86	0.5 %	92	0.5 %	+6.98%
Hungary 0.5 %	82	0.4 %	85	0.5 %	+3.66%
Ireland 0.5 %	66	0.4 %	83	0.5 %	+25.76%
Czech Republic 0.4 %	78	0.4 %	76	0.4 %	-2.56%
Ukraine 0.3 %	45	0.2 %	53	0.3 %	+17.78%
Japan 0.2 %	30	0.2 %	40	0.2 %	+33.33%
Taiwan 0.2 %	33	0.2 %	39	0.2 %	+18.18%
Bulgaria 0.1 %	15	0.1 %	23	0.1 %	+53.33%
Slovakia 0.1 %	15	0.1 %	20	0.1 %	+33.33%
Brazil 0.1 %	17	0.1 %	18	0.1 %	+5.88%
China 0.1 %	30	0.2 %	18	0.1 %	-40.00%
Portugal 0.1 %	15	0.1 %	17	0.1 %	+13.33%
Turkey 0.1 %	64	0.3 %	14	0.1 %	-78.12%
Philippines 0.1 %	10	0.1 %	10	0.1 %	0.00%
Austria 0.0 %	19	0.1 %	9	0.0 %	-52.63%
United Arab Emirates 0.0 %	-1	0.0 %	-2	0.0 %	+100.00%

Managers	Title	Age	Since
Steven van Rijswijk CEO	Chief Executive Officer	54	94-12-31
Tanate Phutrakul DFI	Director of Finance/CFO	59	19-02-06
Marnix van Stiphout COO	Chief Operating Officer	54	97-12-31
Sjoerd Miltenburg IRC	Investor Relations Contact	41	06-12-31
Mark Milders IRC	Investor Relations Contact	-	17-03-30
Robert Londrigan PRN	Corporate Officer/Principal	-	-
Beate Zwijnenberg PRN	Corporate Officer/Principal	-	-
Anne-Sophie Castelnau PRN	Corporate Officer/Principal	-	21-03-31
Cindy van Eldert-Klep SEC	Corporate Secretary	-	-
Ljiljana Cortan PRN	Corporate Officer/Principal	53	20-12-31

Members of the board	Title	Age	Since
Kallol Karl Guha CHM	Chairman	60	23-06-30
Alun Michael Rees BRD	Director/Board Member	68	19-04-22
Lodewijk Hijmans van den Bergh BRD	Director/Board Member	60	21-04-25
Hendrica Verhagen BRD	Director/Board Member	57	19-09-30
Alexandra Reich BRD	Director/Board Member	60	23-04-23
Juan Calafat Colombás BRD	Director/Board Member	61	20-09-30
Margarete Haase BRD	Director/Board Member	71	17-05-07
Harold Naus BRD	Director/Board Member	55	20-04-27
Herman Hulst BRD	Director/Board Member	69	20-04-27

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	3,498,194,000	3,148,658,257 ( 90.01 %)	154,571,000 ( 4.419 %)	90.01 %
Stock B	0	5,296,020	0	5,296,020 ( 100.00 %)

Name	Equities	%	Valuation
ING GROEP N.V. 5.055 %	175,453,820	5.055 %	2 889 M €
Artisan Partners LP 3.173 %	110,126,133	3.173 %	1 813 M €
Norges Bank Investment Management 2.931 %	101,729,749	2.931 %	1 675 M €
Amundi Asset Management SA (Investment Management) 2.491 %	86,469,922	2.491 %	1 424 M €
Capital Research & Management Co. (Global Investors) 1.658 %	57,557,399	1.658 %	948 M €
Union Investment Privatfonds GmbH 0.9986 %	34,661,940	0.9986 %	571 M €
Lyxor International Asset Management SAS 0.9432 %	32,738,328	0.9432 %	539 M €
Barings (UK) Ltd. 0.6828 %	23,697,851	0.6828 %	390 M €
MFS International Singapore Pte. Ltd. 0.5956 %	20,671,662	0.5956 %	340 M €
Eleva Capital LLP 0.5514 %	19,140,336	0.5514 %	315 M €

Name	Equities	%	Valuation
Fisher Asset Management LLC 1.835 %	63,677,437	1.835 %	1 050 M €
U.S. Trust Company of Delaware 0.2556 %	8,871,125	0.2556 %	146 M €
The Ayco Co. LP 0.2469 %	8,568,136	0.2469 %	141 M €
Eaton Vance Management 0.2200 %	7,634,497	0.2200 %	126 M €
Aristotle Capital Management LLC 0.2096 %	7,275,609	0.2096 %	120 M €
RBC Private Counsel (USA), Inc. 0.2059 %	7,145,379	0.2059 %	118 M €
Lazard Asset Management LLC 0.1438 %	4,992,066	0.1438 %	82 M €
Fidelity Management & Research Co. LLC 0.1390 %	4,823,721	0.1390 %	80 M €
Wells Fargo Bank NA 0.1210 %	4,198,601	0.1210 %	69 M €
Aperio Group LLC 0.0930 %	3,227,161	0.0930 %	53 M €

Name	Equities	%	Valuation
TwentyFour Asset Management LLP -	32,951,000	-	33 M €
Ibercaja Gestión SGIIC SA -	11,825,986	-	12 M €
PineBridge Investments Management Taiwan Ltd. -	6,663,841	-	7 M €
GIIC Fineco SA SGIIC -	6,018,805	-	6 M €
PIMCO Europe Ltd. -	5,900,000	-	6 M €
Flaherty & Crumrine, Inc. -	3,885,000	-	4 M €
Eurizon Capital SGR SpA -	2,500,000	-	3 M €
Union Investment Privatfonds GmbH -	1,400,000	-	1 M €
abrdn Australia Ltd. -	1,250,000	-	1 M €
Amundi Asset Management SA (Investment Management) -	1,200,000	-	1 M €

Name	Equities	%	Valuation
ING BANK SLASKI S.A. 75.00%	97,575,000	75.00%	8,307,118,855 $
ING GROEP N.V. 5.05%	175,453,820	5.05%	2,888,966,455 $
BANK OF BEIJING CO., LTD. 15.10%	2,755,013,100	15.10%	2,157,533,409 $
MICROSOFT CORPORATION 0.04%	2,776,714	0.04%	1,168,219,114 $
TMBTHANACHART BANK 22.85%	22,190,033,791	22.85%	1,106,838,885 $
NVIDIA CORPORATION 0.04%	1,051,622	0.04%	950,203,574 $
AMAZON.COM, INC. 0.04%	4,629,277	0.04%	835,028,985 $
APPLE INC. 0.03%	4,641,848	0.03%	795,984,095 $
MASTERCARD, INC. 0.12%	1,151,969	0.12%	554,753,711 $
BROADCOM INC. 0.05%	246,587	0.05%	326,828,876 $

ING Groep NV

Bijlmerdreef 106

1102 CT, Amsterdam

+31 20 563 9111

http://www.ing.com

Name	Category and Sector
ING BANK SLASKI S.A.	Regional Banks
ING Bank NV, Amsterdam, succursale de Lancy/Genève ING Bank NV, Amsterdam, succursale de Lancy/Genève Regional BanksFinance ING Bank NV, Amsterdam, succursale de Lancy/Genève provides commercial banking services. Its banking products include saving and current accounts, credit cards, loans and investments. The firm offers vehicle insurance, home insurance, life insurance and retirement plans. The company was founded in 1871 and is headquartered in Brussels, Belgium.	Regional Banks
Bank Mendes Gans NV Bank Mendes Gans NV Regional BanksFinance Bank Mendes Gans NV provides commercial banking services. The firm primarily provides liquidity and information management services. The company was founded in 1883 and is headquartered in Amsterdam, the Netherlands.	Regional Banks
ING Bank NV ING Bank NV Major BanksFinance ING Bank NV engages in the provision of banking, investment, life insurance, and retirement services. It operates through the following segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The Retail Netherlands segment offers current and savings accounts, business lending, mortgages, and other consumer lending in the Netherlands. The Retail Belgium segment focuses in the retail and private banking activities in Belgium and offered services like the Netherland segment. The Retail Germany segment consists of current and savings accounts, mortgages, and other customer lending. The Retail Other segment comprises income from retail banking activities in the rest of the world, including the SME and mid-corporate segments. The Wholesale Banking segment include income from wholesale banking activities (a full range of products is offered from cash management to corporate finance), real estate, and lease. The Corporate Line Banking segment comprises corporate line banking and the run-off portfolio of Real Estate. The company was founded in 1991 and is headquartered in Amsterdam, the Netherlands.	Major Banks
Interhyp AG Interhyp AG Finance/Rental/LeasingFinance Interhyp AG provides mortgage broker services. The company's brokers and consults in relation to residential mortgages, building society savings plan and insurance policies on the internet by telephone. The company was founded in 1999 by Robert Haselsteiner and Marcus Wolsdorf and is headquartered in Munich, Germany.	Finance/Rental/Leasing
Record Bank NV Record Bank NV Major BanksFinance Part of ING Groep NV, Record Bank NV is a national commercial bank that provides banking services. The private company is based in Brussels, Belgium.	Major Banks
ING Bank (Eurasia) CJSC ING Bank (Eurasia) CJSC Insurance Brokers/ServicesFinance Part of ING Groep NV, ING Bank (Eurasia) CJSC is a Russian company that provides brokerage services. The private company is based in Moscow, Russian Federation. The company was founded in 1994. Luc Truyens has been the CEO of the company since 2012.	Insurance Brokers/Services
ING Bank (Australia) Ltd. ING Bank (Australia) Ltd. Regional BanksFinance ING Bank (Australia) Ltd. provides banking services. The firm offers savings accounts, term deposits, everyday accounts, and home loan products such as variable and fixed home loans, construction loans, and commercial loans. It also provides business products including business savings accounts, business and wholesale term deposits, and commercial mortgages and property loans. The company was founded on May 4, 1971 and is headquartered in Sydney, Australia.	Regional Banks
ING Bank AS ING Bank AS Investment Banks/BrokersFinance Part of ING Groep NV, ING Bank AS is a Turkish company that provides brokerage services. The private company is based in Istanbul, Turkey. Pinar Abay has been the CEO of the company since 2011.	Investment Banks/Brokers
ING-DiBa AG ING-DiBa AG Regional BanksFinance ING-DiBa AG is the brokerage subsidiary of ING Holding Deutschland GmbH, which is ultimately held by Stichting ING Aandelen in The Netherlands. The firm is headquartered in Frankfurt and was founded in 1965. ING provides brokerage services.	Regional Banks
ING Luxembourg SA ING Luxembourg SA Regional BanksFinance ING Luxembourg SA provides banking services. It offers electronic and mobile banking; investment and loan consulting; savings account; credit transfer; and insurance policies. The company was founded on September 15, 1960 and is headquartered in Luxembourg.	Regional Banks
Pure German Lion RMBS 2008 GmbH	Finance/Rental/Leasing
ING Financial Holdings Corp. ING Financial Holdings Corp. Financial ConglomeratesFinance ING Financial Holdings Corp. operates as an investment holding company. The company is headquartered in New York, NY.	Financial Conglomerates
ING Vastgoed Ontwikkeling BV
3W Holding BV
ING Real Estate BV ING Real Estate BV Real Estate DevelopmentFinance Part of ING Groep NV, ING Real Estate BV engages in possession, management and disposal of immovable property & other assets. The private company is based in Amsterdam, Netherlands.	Real Estate Development
Ing Lease Belgium SA/NV Ing Lease Belgium SA/NV Financial ConglomeratesFinance Founded in 1961, Ing Lease Belgium SA/NV is a Belgian financial services company. The private company is based in Brussels, Belgium.	Financial Conglomerates
Ing Rei Investment II BV Ing Rei Investment II BV Real Estate DevelopmentFinance Part of Stichting ING Aandelen, Ing Rei Investment II BV develops real estate properties. The private company is based in Amsterdam, Netherlands.	Real Estate Development
Ing Real Estate Investment Management Holding BV
Ing Support Holding BV
ING Commercial Finance Polska SA ING Commercial Finance Polska SA Finance/Rental/LeasingFinance Part of ING Groep NV, ING Commercial Finance Polska SA specializes in factoring and comprehensive management of receivables portfolios. Based in Warsaw, Poland, the private company was founded in 1994, and Tomasz Mazurkiewicz has been the CEO of the company since 2009. The Polish company provides an individual approach to each client, professional support, and clear rules of cooperation.	Finance/Rental/Leasing
ING Lease (Polska) Sp zoo ING Lease (Polska) Sp zoo Real Estate DevelopmentFinance ING Lease Polska Sp zoo provides lease services. It also offers insurance. The company was founded on October 25, 1995 and is headquartered in Warsaw, Poland.	Real Estate Development
ING (US) Funding LLC	Finance/Rental/Leasing
Entero BV Entero BV Financial ConglomeratesFinance Part of ING Groep NV, Entero BV is a Dutch company that provides investment services. The private company is based in Amsterdam, Netherlands.	Financial Conglomerates
ING Bank NV (Dublin Branch) ING Bank NV (Dublin Branch) Regional BanksFinance Part of ING Groep NV, ING Bank NV (Dublin Branch) is an Irish company that provides banking services. The private company is located in Ireland.	Regional Banks
Compagnie de Gestion financière du Manoir SA
ING Deutschland GmbH ING Deutschland GmbH Financial ConglomeratesFinance Part of ING Groep NV, ING Deutschland GmbH is a financial services provider. The private company is based in Frankfurt am Main, Germany. The CEOs of the German company are Bernhard Ernst Geilen, Remco Nieland, Nicolaas Cornelis Jue.	Financial Conglomerates
ING Solutions Investment Management SA ING Solutions Investment Management SA Investment ManagersFinance ING Solutions Investment Management SA (ISIM) is an asset management firm headquartered in Luxembourg. The firm is a subsidiary of ING Luxembourg SA, which is owned by ING Groep NV (AMS: INGA) in the Netherlands. ISIM offers a range of funds for various investors.	Investment Managers
IDOL 2015-1 Trust	Finance/Rental/Leasing
Fonds de Pension ING Luxembourg ASBL	Investment Managers
Idol 2016-1 Trust	Finance/Rental/Leasing
ING Menkul Degerler AS
ING Finansal Kiralama AS
IDOL 2017-1 Trust	Finance/Rental/Leasing
ING Business Shared Services BV
ING Global Services & Operations, Inc.
Ing Cgip Ltd.
IBAL Covered Bond Trust	Investment Trusts/Mutual Funds
ING Faktoring AS
ING Portfoy Ikinci Degisken Fon	Investment Trusts/Mutual Funds
The Trustee for IDOL 2011-1 Trust	Investment Trusts/Mutual Funds
IDOL 2013-1 Trust	Investment Trusts/Mutual Funds
IDOL 2012-1 Trust	Investment Trusts/Mutual Funds
The Trustee for IDOL 2013-2 Trust	Investment Trusts/Mutual Funds
IDOL 2011-2 Trust	Investment Trusts/Mutual Funds
The Trustee for Medi Consumables Pty Ltd. Superannuation	Investment Trusts/Mutual Funds
ING Investment Holding (Polska) SA
ING Bank NV (France) ING Bank NV (France) Regional BanksFinance ING Bank NV (France) provides monetary intermediation services. The private company is located in France.	Regional Banks
Ing Vastgoed Como Ii B V Ing Vastgoed Como Ii B V Financial ConglomeratesFinance Ing Vastgoed Como Ii B V functions as an investment holding Dutch company. The private company is located in Netherlands.	Financial Conglomerates
Ing Rei Investment Europe BV Ing Rei Investment Europe BV Financial ConglomeratesFinance ING REI Investment Europe BV is an investment holding Dutch company that provides project development services. The private company is based in Amsterdam, Netherlands and has subsidiaries in Netherlands.	Financial Conglomerates
Nationale-Nederlanden Intervest II BV
ING Real Estate Lion Mexico Fund BV
ING REIM Development US Holding BV
Cofiton BV
ING Vastgoed CiBoGa BV
ING RE Logistics Bergkirchen Investment BV
The Trustee for IDOL 2023-1 Trust	Investment Trusts/Mutual Funds
Fiduciaire du Crédit Fiduciaire Van Het Krediet

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.6 EUR

Average target price

16.25 EUR

Spread / Average Target

+4.18%

Consensus

Estimates Revisions

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