ING posts 2019 net result of €4,781 million; 4Q2019 net result of €880 million
"Looking back at 2019, we see a year of solid commercial performance despite the challenging rate environment, geopolitical uncertainties and an increasingly complex and demanding regulatory environment. The fourth quarter of 2019 proved challenging," said Ralph Hamers, CEO of ING Group.
ING is relocating some of its Financial Market trading operations from London to Brussels
ING is moving some of the trading operations of its Financial Markets department from London to Brussels. Following Brexit, the European Central Bank (ECB) will classify the UK as a non-EU or third country. As a consequence, ING is expected to move a number of EU-related trading operations to a location within the EU. Brussels has been chosen as a location because of its existing infrastructure.
ING to enter NCP-facilitated dialogue with NGOs on palm oil
The NCP today announced in an initial assessment that the notification by these NGOs (Friends of the Earth Netherlands in cooperation with its partners in Indonesia and Liberia) merits further investigation. The NCP did not express an opinion on either the correctness of the statements made by the NGOs or the response provided by ING.
ING continues to be climate action leader, says CDP
ING maintains its A-list status in CDP’s annual list of the world's businesses leading on environmental performance. This result shows ING’s continuous commitment on climate action leadership, being recognised by CDP as an A-list company for the fifth year in a row.