25 February 2019 |
Negative interest rates to make savers hoard
Savers would prefer to hoard cash outside of bank accounts rather than spend it, if interest rates turn negative, according to an international survey.
Savers would prefer to hoard cash outside of bank accounts rather than spend it, if interest rates turn negative, according to an international survey.
“ING recorded a successful third quarter during which we made good progress on our Think Forward priorities”, said Ralph Hamers, CEO of ING Group. “We accelerated our innovation efforts by establishing partnerships with financial technology companies, generating new ideas which will help us to further create a differentiating customer experience. At the same time our strengthened sustainability focus was recognised by leading external sustainability benchmarks in their annual reviews. In terms of financial performance, ING Bank delivered another solid quarter, with increased lending, lower risk costs and a continued strong capital position.”
Confidence in European house prices continues to rise, but higher costs are putting a strain on consumers with many struggling to pay the rent or mortgage each month.
International media professionals agree: social media increasingly influence the news. American PR professionals in particular welcome social media as a reliable source of information, German journalists are the most sceptical.
Today, ING CEO Ralph Hamers will address the Bank of America Merrill Lynch Annual Banking, Insurance & Diversified Financials CEO Conference in London.
William Connelly, ING´s Global Head of Commercial Banking, addresses international analysts and investors at the ING Benelux Conference in London today. He elaborates on the solid performance of ING’s Commercial Bank that contributed 42% to ING Bank’s 2015 first half year’s profit on the back of a consistent strategy and a strong client franchise.
ING has acquired the Belgian digital loyalty platform Qustomer. With Qustomer, users can collect and redeem loyalty points from shops and other retail outlets using a physical card with QR code technology or via the Qustomer application on their smartphone.
Following the publication of our 2Q2015 results yesterday, both our CEO Ralph Hamers and our CFO Patrick Flynn spoke to various media.
“ING posted a strong set of commercial and financial results during the second quarter of 2015,” said Ralph Hamers, CEO of ING Group. “We also achieved a key milestone in our restructuring by reducing our stake in NN Group to 37.6% and deconsolidating it from our accounts, thereby ending restrictions on price leadership and acquisitions.”
An international study of almost 15,000 consumers across 15 countries reveals the profound effect that sharing technologies could have on economies worldwide, with participation predicted to rise in the next 12 months.