ING: ECB lowers capital requirement
Following the finalization of the Supervisory Review and Evaluation Process (SREP) conducted by the ECB, the 'CET1' capital ratio requirement will be 10.78% as of January 1, 2024, compared with 10.83% previously.
In a press release, ING reports that its CET1 ratio was already well above this threshold, at 15.2% as of September 30.
ING shares were up 0.5% on Monday morning on the Amsterdam stock exchange following this announcement, compared with a 0.1% decline for the AEX stock market index.
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