Live interview Fox Business with CEO Ralph Hamers
Amsterdam, 25 September 2015
This morning CEO Ralph Hamers joined Fox Business anchor woman Maria Bartiromo for a live interview in “Mornings with Maria”.
USA’s second quarter GDP growth
Ralph Hamers discussed the global economic growth in the context of the USA’s second quarter GDP growth, published today, as well as how economies in emerging markets impact the European economy.
Another topic was the low interest environment. Ralph Hamers explained that while negative for depositors, the low interest environment also provides opportunities as relatively cheap lending will ultimately drive higher demand while refinancing of mortgages will also stimulate consumer purchasing power.
Further expand the model of digital banking
Ralph further commented on how banks are dealing with the regulatory environment. He also elaborates on the investments ING is making to further expand the model of digital banking to create a differentiating customer experience. Despite the financial investments needed, ultimately this will decrease overall costs for the bank as well.