ING Groep N.V. Website

ING Groep N.V.

ENXTAM-INGA

Company Overview

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides debt capital market, working capital, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, equity market, finance, payments and cash management, and trade services and solutions, as well as savings, investment, insurance, mortgage, and digital banking services. The company serves customers, corporate clients, and financial institutions, including small and medium-sized, and mid-corporates. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

  • Name

    ING Groep N.V.

  • CEO

    Steven J. A. van Rijswijk

  • Website

    www.ing.com

  • Sector

    Banks

  • Year Founded

    1762

Company Statistics

Profile

  • Market Cap

    —

  • EV

    —

  • Shares Out

    —

  • Revenue

    —

  • Employees

    —

Margins

  • Gross

    —

  • EBITDA

    —

  • Operating

    —

  • Pre-Tax

    —

  • Net

    —

  • FCF

    —

Returns (5Yr Avg)

  • ROA

    —

  • ROTA

    —

  • ROE

    —

  • ROCE

    —

  • ROIC

    —

Valuation (TTM)

  • P/E

    —

  • P/B

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

  • EV/Gross Profit

    —

Valuation (NTM)

  • Price Target

    —

  • P/E

    —

  • PEG

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

Financial Health

  • Cash

    —

  • Net Debt

    —

  • Debt/Equity

    —

  • EBIT/Interest

    —

Growth (CAGR)

  • Rev 3Yr

    —

  • Rev 5Yr

    —

  • Rev 10Yr

    —

  • Dil EPS 3Yr

    —

  • Dil EPS 5Yr

    —

  • Dil EPS 10Yr

    —

  • Rev Fwd 2Yr

    —

  • EBITDA Fwd 2Yr

    —

  • EPS Fwd 2Yr

    —

  • EPS LT Growth Est

    —

Dividends

  • Yield

    —

  • Payout

    —

  • DPS

    —

  • DPS Growth 3Yr

    —

  • DPS Growth 5Yr

    —

  • DPS Growth 10Yr

    —

  • DPS Growth Fwd 2Yr

    —

Bulls Say

  • ING benefits from a very attractive funding structure dominated by cheap, sticky retail deposits.

  • It was ahead of the curve in developing digital channels. ING DiBa in Germany is one of the most successful digital banks in Europe.

  • ING continues to generate organic capital, which will provide support for ongoing high shareholder distributions.

Bears Say

  • ING relies on net interest income for the bulk of its revenue, and without the tailwind from higher interest rates, growing revenue will be challenging.

  • Outside of the Netherlands (32% of assets), ING is not a dominant player in any of the markets it operates in. This is reflected in the relatively low profitability of ING in Belgium (14% of assets).

  • ING is getting close to its target capital adequacy, and share buybacks will gradually decrease over time.

Source: Morningstar Analysis - Sep 12, 2025

What's happening

Nov 12, 2025 - Dec 12, 2025

ING Groep NV: Strategic Moves Amidst Mixed Market Sentiment

  • ING Groep NV extended its collaboration with Broadcom to enhance its private cloud infrastructure, positively impacting investor sentiment.
  • Fitch Ratings affirmed ING Belgium's credit rating at 'AA-' with a stable outlook, reflecting solid financial health but also market stability concerns.
  • Despite challenges, ING set ambitious long-term targets including a 19% return on equity by 2035 and plans to double its client base through digital innovation.

Over the past month, ING Groep NV experienced a positive stock movement of 2.5%, outperforming the S&P 500's return of 0.7% by a notable margin of 1.9%. This performance was significantly influenced by key developments within the company aimed at enhancing operational efficiency and digital capabilities. A major highlight was the announcement regarding an extension of ING's collaboration with Broadcom to improve its private cloud infrastructure using VMware Cloud Foundation 9.0, which contributed positively to investor sentiment.

However, not all news during this period was favorable for ING Groep NV. Fitch Ratings affirmed that ING Belgium maintained an 'AA-' credit rating with a stable outlook; while this indicates solid financial health for this subsidiary, it also reflects broader concerns about market stability that may have weighed on overall investor confidence in the company. Additionally, there were bearish sentiments surrounding the acquisition of Goldman Sachs TFI by ING Bank Slaski for approximately $108 million; although it consolidated ownership in Poland’s asset management sector, analysts noted potential impacts on capital ratios that could affect future financial flexibility.

Despite these challenges and risks associated with short-term performance—such as regulatory implications from acquisitions—ING has set ambitious long-term targets including achieving a return on equity of 19% by 2035 and doubling its client base through enhanced digital innovation strategies aimed at improving customer experience. This forward-looking approach has been well-received among investors who are focused on growth prospects amid current uncertainties in global markets.

Overall, while certain events posed risks to immediate performance metrics—including underperformance relative to the Financials (XLF) sector by -0.7%—the overarching narrative remains one of strategic growth and investment in technology designed to bolster competitive advantage over time.

ENXTAM:INGA