Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ING Groep N.V.    INGA   NL0011821202

ING GROEP N.V.

(INGA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 08/10 03:59:58 pm
6.787 EUR   +2.76%
07:10aING GROEP N.V. : Barclays reiterates its Neutral rating
MD
03:42aING GROEP N.V. : Berenberg reiterates its Buy rating
MD
08/09ING GROEP N.V. : Jefferies reiterates its Buy rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

ING Groep N : accelerates Dutch branch closures as customers go digital

share with twitter share with LinkedIn share with facebook
07/10/2020 | 03:26am EDT
FILE PHOTO: The logo of ING bank is pictured at the entrance of the group's main office in Brussels

Dutch bank ING will close a quarter of its bank branches in the Netherlands as the COVID-19 pandemic has accelerated the switch to digital banking, it said on Friday.

Dutch bank ING will close a quarter of its bank branches in the Netherlands as the COVID-19 pandemic has accelerated the switch to digital banking, it said on Friday.

The largest bank in the Netherlands said it would shut 42 of its 170 branches in its home market. Almost all of the 150 employees affected will be offered other jobs within ING.

"We already had a plan, but the corona-crisis accelerated it", ING Netherlands director Ruud van Dusschoten told Dutch newspaper De Telegraaf.

ING temporarily closed many of its branches during the Netherlands' partial lockdown from March to June, even though stores were allowed to remain open.

Since reopening, these branches have not attracted many customers, Van Dusschoten said.

"We have seen the use of our digital banking options increase even further. The need for offices keeps getting less."

(Reporting by Bart Meijer; Editing by Mark Potter)

share with twitter share with LinkedIn share with facebook
Latest news on ING GROEP N.V.
07:10aING GROEP N.V. : Barclays reiterates its Neutral rating
MD
03:42aING GROEP N.V. : Berenberg reiterates its Buy rating
MD
08/09ING GROEP N.V. : Jefferies reiterates its Buy rating
MD
08/07LIVESTOCK HIGHLIGHTS : Top Stories of the Day
DJ
08/07GRAIN HIGHLIGHTS : Top Stories of the Day
DJ
08/07ING GROEP N.V. : Gets a Buy rating from Kepler Cheuvreux
MD
08/07ING GROEP N.V. : RBC reiterates its Buy rating
MD
08/07ING GROEP N.V. : Buy rating from UBS
MD
08/07China Trade Rides a Wave in July After Coronavirus Restrictions Ease
DJ
08/07ING GROEP N.V. : Gets a Neutral rating from Credit Suisse
MD
More news
Financials
Sales 2020 17 836 M 20 959 M 20 959 M
Net income 2020 2 703 M 3 176 M 3 176 M
Net Debt 2020 - - -
P/E ratio 2020 9,69x
Yield 2020 4,03%
Capitalization 25 758 M 30 360 M 30 268 M
Capi. / Sales 2020 1,44x
Capi. / Sales 2021 1,44x
Nbr of Employees 55 000
Free-Float 100,0%
Chart ING GROEP N.V.
Duration : Period :
ING Groep N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ING GROEP N.V.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 8,16 €
Last Close Price 6,61 €
Spread / Highest target 96,8%
Spread / Average Target 23,5%
Spread / Lowest Target -31,7%
EPS Revisions
Managers
NameTitle
Steven van Rijswijk Chief Executive Officer
Gerardus Johannes Wijers Chairman-Supervisory Board
Tanate Phutrakul Chief Financial Officer
Mariana Gheorghe Member-Supervisory Board
Margarete Haase Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ING GROEP N.V.-38.20%30 360
JPMORGAN CHASE & CO.-28.71%302 870
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED-24.00%243 766
BANK OF AMERICA CORPORATION-25.87%226 220
CHINA CONSTRUCTION BANK CORPORATION-15.45%185 016
CHINA MERCHANTS BANK CO.. LTD.-2.58%130 129