This month, ING has made it possible to withdraw up to €100 per day without a card. Called ING cash code, all you need now is a code from your mobile banking app and you can make a withdrawal from a Geldmaat ATM.
The European bank stress tests didn't reveal big capital gaps. Overall, we think the results confirm that the banking system is strongly capitalised and we see the results as supportive for bank risk
ING Group was subject to the 2023 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.
Global temperatures have shattered records this month, heightening the urgency to reduce carbon emissions. But the energy transition and the shift to electric vehicles, in particular, is fraught with challenges, as ING Commodities Strategist Ewa Manthey explains in this podcast
ING today announced the appointment of Görkem Köseoğlu as chief technology officer and member of the Management Board Banking. Görkem will take up his position on 1 September, succeeding Ron van Kemenade, who stepped down effective 30 April 2023.
Countries and companies are increasingly wary of possible shortages of raw materials going forward and seek to secure supply. Battery metal demand is also evolving as demand shifts between chemistries. Current interdependence is significant and actors seek to reduce supply risk in light of the energy transition
The dynamics of tightening supply and soaring demand for electric vehicle batteries are becoming increasingly fragile. Battery manufacturers are now looking into new technology with advanced chemistry compositions to ensure long-term metals supply, but progress will be impacted by the outlook for metals prices
Reaching net zero emissions will require massive amounts of critical raw materials, which are currently used in everything from solar panels to electric vehicles. For EVs, diversifying battery manufacturing and critical raw materials supplies will be key to ensuring secure and sustainable supply chains
ING announced today that, in line with the launch of our €1.5 billion share buyback programme announced on 11 May 2023, we repurchased 1,614,295 shares during the week of 17 July 2023 up to and including 21 July 2023.
The European Central Bank looks set to hike rates by 25bp on Thursday. With the bleak economic outlook and disinflation gaining traction, however, the end to rate hikes is near
