Ing Groep N.V. (ING) has released an update.
ING Groep N.V. has reported a robust start to 2024, with a net result of €1,578 million and a profit before tax of €2,293 million, signifying a strong commercial performance and a return on equity of 14.8%. The company saw a surge in fee income, a growth in primary customers by 99,000, and substantial increases in net core deposits and lending. Highlighting their commitment to sustainability, ING also announced a €2.5 billion share buyback program and reported a 13% increase in sustainable finance mobilized to €24.7 billion.
For further insights into ING stock, check out TipRanks’ Stock Analysis page.
