ING announced today that it will redeem two series of outstanding perpetual securities: the €750 million ING Perpetual Securities II (NL0000113587) and the €1 billion ING Perpetual Securities III (NL0000116127), both on the optional redemption date of 30 September 2021.
2Q2021 result before tax of €2,065 million; capital position strengthens to 15.7%
ING Group was subject to the 2021 EU-wide stress test conducted by the European Banking Authority (EBA), in cooperation with the European Central Bank (ECB), the European Systemic Risk Board (ESRB) and De Nederlandsche Bank.
ING announced today it has reached an agreement to transfer ING’s Retail Banking operations in Austria to bank99, the bank of Österreichische Post, the Austrian postal services.
ING announced today that it is conducting a strategic review of its Retail Banking business in France. The review is focused solely on the Retail Banking business and not on ING’s Wholesale Banking activities in France.
“ING delivered a strong performance in the first quarter of 2021. The sharp rebound in net profit compared to the year-earlier period was driven by a good increase in fee income and lower risk costs,” said ING CEO Steven van Rijswijk.
The AGM adopted all agenda items, including the annual accounts for 2020, discharge of the (former) members of the Executive Board and the Supervisory Board and the dividend for 2020.
ING announced today that in order to further strengthen its position as a digital leader in banking it will separate the Management Board Banking roles for technology and operations.
ING announced today that Andrew Bester will be appointed member of the Management Board Banking and head of Wholesale Banking.
ING Groep N.V. today published the proxy materials for its Annual General Meeting (AGM), to be held on Monday 26 April 2021.