ING AGM adopts 2016 Annual Accounts
Amsterdam, 8 May 2017, 18:05 CET
The Annual General Meeting (AGM) of ING Groep N.V. adopted the 2016 Annual Accounts today and declared a total dividend for 2016 of EUR 0.66 per ordinary share. Taking into account the interim cash dividend of EUR 0.24 paid in August 2016, the final dividend amounts to EUR 0.42 per share, to be paid fully in cash. ING’s shares will be quoted ex-dividend on Euronext Amsterdam as of 10 May 2017, coinciding with the publication of ING’s first quarter 2017 results. The record date for the final dividend 2016 entitlement is 11 May 2017. The final dividend will be made payable on 18 May 2017. For holders of American Depositary Receipts (ADR), the final dividend will be made payable on 25 May 2017.
The AGM reappointed CEO Ralph Hamers and appointed Koos Timmermans and Steven van Rijswijk as members to the Executive Board of ING. As announced on 16 March 2017, Koos Timmermans will become chief financial officer, succeeding Patrick Flynn, who has decided to pursue his career outside of ING. Steven van Rijswijk will succeed Wilfred Nagel who continues as a member of the Executive Board and chief risk officer until 1 August 2017. Steven van Rijswijk will become chief risk officer as per that date.
The AGM reappointed Hermann-Josef Lamberti, Robert Reibestein and Jeroen van der Veer to the Supervisory Board of ING. In addition, the AGM appointed Jan Peter Balkenende, Margarete Haase and Hans Wijers as members of the Supervisory Board. As announced on 16 March 2017, Isabel Martín Castellá has retired from the Supervisory Board as per the end of the AGM 2017, having reached the ING age limit for the Supervisory Board members.
After the AGM, the Supervisory Board of ING consists of:
|Jeroen van der Veer, Chairman**||Margarete Haase*|
|Jan Peter Balkenende*||Hermann-Josef Lamberti|
|Eric Boyer de la Giroday||Robert Reibestein|
|Henk Breukink||Ann Sherry|
|Mariana Gheorghe||Hans Wijers*|
*The appointments of Jan Peter Balkenende and Hans Wijers will become effective as per 1 September 2017. In light of a planned reduction of the total number of her board positions, the appointment of Margarete Haase will become effective at a later date upon the decision of the Supervisory Board.
** It is the intention of the Supervisory Board that Hans Wijers succeeds Jeroen van der Veer as chairman of the Supervisory Board as per the end of the 2018 AGM. Therefore the AGM has reappointed Jeroen van der Veer as member of the Supervisory Board for a period of one year; i.e. ending per the end of the 2018 AGM.
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For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the@ING_news Twitter feed. Photos of ING operations, buildings and its executives are available for download at Flickr. Footage (B-roll) of ING is available via ing.yourmediakit.com or can be requested by emailing email@example.com. ING presentations are available at SlideShare.
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s 52,000 employees offer retail and wholesale banking services to customers in over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA AS, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING’s strategy, which is evidenced by the number one position among 395 banks ranked by Sustainalytics. ING Group shares are being included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World) where ING is among the leaders in the Banks industry group.
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