ING announced today that as a result of the impairment test triggered by the Covid-19 pandemic, it expects to book approximately €300 million as an impairment on the goodwill on its balance sheet in its second quarter 2020 results. The goodwill is related to a number of acquisitions in the past.
“We’ve had a positive start to the year, with first-quarter results that show good commercial momentum,” said Ralph Hamers, CEO of ING Group.
“This past year has been filled with both achievements to be proud of and challenges to overcome and learn from,” said Ralph Hamers, CEO of ING Group.
“We performed well in the third quarter. Even with the ongoing negative interest rate environment, our net interest income has remained resilient,” said Ralph Hamers, CEO of ING Group.
“We achieved good results in the second quarter, with solid profitability and healthy growth in both lending and deposits. We added more than 300,000 primary customers in 2Q2019, which demonstrates that our customer experience continues to be differentiating and drive growth,” said Ralph Hamers, CEO of ING Group.
ING announced today that Steven van Rijswijk, currently member of the Executive Board and chief risk officer of ING, will succeed Ralph Hamers as CEO and chairman of the Executive Board.
ING reports outcome of 2020 EU-wide Transparency Exercise
In line with our purpose to empower customers, we’re taking actions to do our part in supporting retail and wholesale banking customers to adapt to this new situation.
The Annual General Meeting (AGM) of ING Groep N.V. was held today at ING’s corporate office Cedar in Amsterdam and was broadcast live via ING’s website.
In the context of the coronavirus pandemic, ING today provides an update on the 2020 Annual General Meeting.