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Top related persons:
Steven van Rijswijk - 2 Banks - 1 NII - 1 Jefferies - 1 Ljiljana Cortan - 1 That's - 1
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Russia
Top related orgs:
ING - 2 ING Group - 1 ING Groep - 1 Treasury - 1 Financial Markets - 1 HSBC - 1 UniCredit - 1 BBVA - 1

Search resuls for: "Steven van Rijswijk"


5 mentions found


☆ ING CEO: Euro zone economies holding up despite interest rate hikes
  + stars: | 2024-01-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailING CEO: Euro zone economies holding up despite interest rate hikesSteven van Rijswijk, CEO of ING Group, explains the resilience of euro zone economies amid interest rate hikes and gives his inflation outlook for 2024.
Persons: Steven van Rijswijk Organizations: ING, ING Group
☆ ING announces new buyback programme, Q3 net profit beats estimates
  + stars: | 2023-11-02 | by ( ) www.cnbc.com   time to read: +2 min
ING Groep, the largest Dutch bank, on Thursday announced its second share buyback programme of the year, of up to 2.5 billion euros ($2.65 billion), following third-quarter net profits that more than doubled from the previous year. The bank, which serves more than 38 million customers, stressed that it remains vigilant as global economic growth is slowing. The net interest income (NII), a key measure of earnings on loans minus deposit costs, reached 4.03 billion euros in the quarter, below 4.12 billion euros expected in a company-compiled consensus. Net additions to loan loss provisions amounted to 183 million euros, lower than 322 million euros expected in the company-compiled consensus, partially due to what Chief Risk Officer Ljiljana Cortan described as "successful de-risking from Russia". The bank's net profit rose 103% to 1.98 billion euros between July and September, beating the 1.83 billion euros in the company-compiled consensus.
Persons: Banks, Steven van Rijswijk, NII, Jefferies, Ljiljana Cortan, That's Organizations: ING Groep, Treasury, Financial Markets, ING, HSBC, UniCredit, BBVA, Deutsche Bank Locations: Russia
☆ ING profits grow, bad loans fall, CEO sees margins improving
  + stars: | 2023-02-02 | by ( ) www.reuters.com   time to read: +2 min
Core lending growth was a modest 3.1 billion euros, down from 13.4 billion euros in the fourth quarter of 2021. Interest margins were 1.36% versus 1.37% a year ago, but Van Rijswijk said they should improve in 2023. Analysts had forecast net profit at 1.03 billion euros according to data from Refinitiv, up from 945 million euros in the fourth quarter of 2021. Loan loss provisions of 269 million were down 22% from 346 million euros a year ago. Total income rose 5% to 4.87 billion euros thanks to higher rates, offset by lower fees and commissions.
☆ Energy prices are the biggest thing we need to worry about in 2023, ING CEO says
  + stars: | 2023-01-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy prices are the biggest thing we need to worry about in 2023, ING CEO saysSteven van Rijswijk, the CEO of ING, talks to CNBC at the World Economic Forum about his biggest concerns looking ahead to the rest of the year.
☆ ING Groep launches $1.5 bln buyback after Q3 pre-tax profit slumps
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, Nov 3 (Reuters) - ING Groep NV (INGA.AS), the largest Dutch bank, reported on Thursday a quarterly pre-tax profit of 1.38 billion euros ($1.36 billion), below expectations due to one-off charges, and also rolled out a fresh share buyback worth 1.5 billion euros. Analysts had forecast a pre-tax profit at 1.50 billion euros, according to Refinitiv data, compared with 1.92 billion euros posted last year. Chief Executive Officer Steven van Rijswijk said the company had seen a "solid performance, especially in light of the challenging economic and geopolitical environment". Additions to loan loss provisions increased to 403 million euros in the reported period from 39 million euros a year ago, but in line with the "through the cycle average", ING said. Without the one-off charges, margins would have improved to 1.42%, Van Rijswijk said.
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