ING is fifth in the 2017 list of world’s 100 most sustainable corporations. The ranking is done by Corporate Knights, the world’s largest magazine focused on sustainability and responsible business.
ING Group has been notified of the European Central Bank (ECB) decision on the 2018 Supervisory Review and Evaluation Process (SREP), which will set the capital requirements for 2019. The common equity Tier 1 requirement for ING Group will be 11.8% in 2019.
The focus on circular is increasing among US businesses, according to a new ING survey.
ING Bank notes the announcements made today by the European Banking Authority (EBA) and De Nederlandsche Bank (DNB) regarding the information of the 2015 EU-wide Transparency Exercise and fulfilment of the EBA Board of Supervisors’ decision.
ING announced today that Carin Gorter has resigned as a Member of the Supervisory Board of ING Group, following the proposal to appoint her as Chief Risk Officer at Rabobank. Carin Gorter was appointed to the ING Group Supervisory Board in May 2013. Within the Supervisory Board she was a member of the Audit Committee, the Risk Committee and the Corporate Governance Committee.
ING Commercial Banking has increased the volume of financing by 7% for sustainable clients and projects in the first half year of 2015, reaching over €20.9 billion in comparison to year-end 2014. “This is in line with ING’s target to grow its financing of sustainable transitions and includes loans to renewable energy schemes, environmental outperformers and other sustainability projects,” reports Leonie Schreve, ING Global Head of Sustainable Finance.
In order to improve the customer experience and enhance operational excellence, ING will take measures to further expand digital banking, strengthen local advisory capabilities in the branch network and to make additional IT investments in its Dutch retail banking unit.
ING Vysya Bank (Vysya) and Kotak Mahindra Bank (Kotak) today announced their intention to merge their respective businesses.
ING Group will propose to the 2015 Annual General Meeting of Shareholders the appointment of KPMG Accountants N.V. as its auditor. Under Dutch legislation, ING is required to change its auditor as of January 2016. The nomination of KPMG is the result of a thorough tender process overseen by the Audit Committee of the Supervisory Board, as reported in the 2013 Annual Report and in accordance with the ING Group Policy on Auditors Independence.
ING has notified the Dutch State that it intends to make the final repayment of EUR 1,025 million on the core Tier 1 securities on 7 November 2014 - half a year ahead of the repayment schedule as agreed with the European Commission in 2012.