Press releases

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16 March 2017 | Press release, Strategy

ING nominates Jan Peter Balkenende, Margarete Haase and Hans Wijers as members of the Supervisory Board

ING will propose to the 2017 Annual General Meeting (AGM) on Monday 8 May 2017 to appoint Jan Peter Balkenende, Margarete Haase and Hans Wijers to the Supervisory Board.

14 March 2017 | Press release, Strategy

ING announces changes to Executive Board, Management Board Banking, and senior management

ING will propose to the 2017 Annual General Meeting (AGM) on 8 May 2017 to appoint Koos Timmermans and Steven van Rijswijk as members of the Executive Board. Upon appointment they will also become members of the Management Board Banking of ING. Koos Timmermans will become chief financial officer as of the date of the AGM, succeeding Patrick Flynn who has decided to pursue his career outside of ING. Steven van Rijswijk will become chief risk officer as of 1 August 2017, succeeding Wilfred Nagel, who will retire as of that date.

10 February 2017 | Press release

ING to call USD 1,100 million 7.20% perpetual on 15 March 2017

ING Group announced today it will redeem USD 1,100 million 7.20% ING Perpetual Debt Securities on the call date of 15 March 2017, in line with ING’s goal to continuously optimize its capital structure.

2 February 2017 | Press release, Financial

ING 2016 underlying net profit EUR 4,976 million; FY 2016 dividend of EUR 0.66 per ordinary share

“ING has made significant progress in accelerating our Think Forward strategy, while consistently delivering on our customer promise,” said Ralph Hamers, CEO of ING Group.

2 December 2016 | Press release

ING reports outcome of EU-wide Transparency Exercise

ING Group notes the announcements made today by the European Banking Authority and De Nederlandsche Bank regarding the information of the EU-wide Transparency Exercise 2016 and fulfilment of the EBA Board of Supervisors’ decision.

30 November 2016 | Press release

ING Group's 2016 SREP process completed

ING Group has been notified of the European Central Bank (ECB) decision on the 2016 Supervisory Review and Evaluation Process (SREP), which will set the capital requirements for 2017. The common equity Tier 1 requirement for ING Group will be 9.0% in 2017. This includes Pillar 2 requirement (P2R) but excludes the non-mandatory Pillar 2 guidance (P2G) which is not disclosed.

3 November 2016 | Press release, Financial

ING 3Q16 underlying net result EUR 1,336 million

“ING delivered another quarterly result that exemplifies our Think Forward strategy in action,” said Ralph Hamers, CEO of ING Group.

3 October 2016 | Press release

ING strategy update: Accelerating Think Forward

‘Accelerating Think Forward’ is the theme of the strategy update that CEO Ralph Hamers and other executives will present today at the ING Group Investor Day in Amsterdam, the Netherlands. To accelerate the Think Forward strategy, ING will introduce a number of initiatives to further improve the customer experience, further grow primary customers and lending, and increase efficiency.

29 September 2016 | Press release

ING reduces its stake in Kotak Mahindra Bank to 3.9% with the sale of 46.7 million shares for EUR 490 million

ING today announced the sale of 46.7 million ordinary shares of Kotak Mahindra Bank (Kotak). The shares were sold at a price of INR 782.32 per share. Gross proceeds to ING from the offering amount to approximately EUR 490 million (at the current exchange rate). The sale reduces ING’s stake in Kotak from currently 6.4% to 3.9%. ING’s remaining stake in Kotak will be subject to a 90 day lock-up following settlement of the transaction which is expected to occur on 4 October 2016.

11 August 2016 | Press release

ING to call USD 800 million 7.05% perpetual on 15 September 2016

ING Group announced today it will redeem USD 800 million 7.05% ING Perpetual Debt Securities on the call date of 15 September 2016, in line with ING’s goal to continuously optimize its capital structure.