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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ING Groep    INGA   NL0011821202

ING GROEP

(INGA)
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ING Groep : Commerzbank hires ING's Roland Boekhout as new head of corporate clients

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07/11/2019 | 08:01am EDT

FRANKFURT (Reuters) - Commerzbank is hiring ING's Roland Boekhout as its new head of corporate clients, replacing Michael Reuther from January, the two banks said on Thursday.

Boekhout, who has been with the Dutch bank since 1991 and led ING's Germany business from 2010-2017, has been a board member at ING since 2017. He is the first external manager to join Commerzbank's board since the German lender's merger with Dresdner Bank in 2009.

Reuther, who led Commerzbank's cash cow unit catering to Germany's swathe of medium-sized companies and was part of Commerzbank's executive board since 2006, announced in late 2018 that he would step down this year.

(Reporting by Arno Schuetze; Editing by Thomas Seythal)

Stocks mentioned in the article
ChangeLast1st jan.
COMMERZBANK AG -0.67% 5.029 Delayed Quote.-12.59%
ING GROEP -0.07% 8.488 Delayed Quote.-9.76%
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Financials (EUR)
Sales 2019 18 308 M
EBIT 2019 8 029 M
Net income 2019 5 117 M
Debt 2019 -
Yield 2019 8,20%
P/E ratio 2019 6,44x
P/E ratio 2020 6,52x
Capi. / Sales2019 1,81x
Capi. / Sales2020 1,79x
Capitalization 33 083 M
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Technical analysis trends ING GROEP
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 12,54  €
Last Close Price 8,49  €
Spread / Highest target 83,7%
Spread / Average Target 47,7%
Spread / Lowest Target -17,4%
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NameTitle
Ralph A. J. G. Hamers Chairman-Executive Board & Chief Executive Officer
Gerardus Johannes Wijers Chairman-Supervisory Board
Tanate Phutrakul Chief Financial Officer & Member-Management Board
Henk W. Breukink Independent Member-Supervisory Board
Robert W. P. Reibestein Independent Member-Supervisory Board
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