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    INGA   NL0011821202

ING GROEP N.V.

(INGA)
  Report
Real-time Euronext Amsterdam  -  06:07 2022-11-28 am EST
11.59 EUR   -0.38%
11/25ING GROEP N.V. : RBC reiterates its Neutral rating
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11/22Progress on share buyback programme
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ING to refocus innovation approach, bringing initiatives closer to customers

09/13/2022 | 10:35am EST

ING announced it is adapting its innovation approach, bringing initiatives closer to the business, in line with our strategic focus on providing a superior customer experience and putting sustainability at the heart of what we do.

'We have a well-recognised track record of innovation and using technology to better serve our customers,' said Steven van Rijswijk, CEO of ING. 'To keep meeting - and exceeding - customer expectations in a fast-moving competitive environment, we have to stay on top of emerging trends and technologies and identify opportunities with the potential to have a real impact. The best way to achieve this is by sharpening our focus on a selected few promising initiatives and letting more of the core business innovation activities take place in our businesses, as close as we can to where we make a difference for our customers.'

To accelerate the benefits for customers, core business innovation initiatives will be transferred to the businesses and functions, spun out to the market, or discontinued when no alternative is available.

Centrally, at group level, we intend to combine our innovation arm, ING Neo, with the Corporate Strategy team. The Group Strategy and Innovation department (GS&I), set to start in January 2023, will focus on identifying disruptive, next-generation opportunities , concentrating on a selective number of high-potential, high impact initiatives.

Contact:

ING Wholesale Banking

T: +91 22 6666 6400

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about ING GROEP N.V.
11/25ING GROEP N.V. : RBC reiterates its Neutral rating
MD
11/25Rally in rupee-crosses an opportunity for Indian exporters - analysts
RE
11/22Progress on share buyback programme
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11/15Fitch Maintains ING's Rating on Strong Business Profile
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11/15Progress on share buyback programme
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More news
Analyst Recommendations on ING GROEP N.V.
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Financials
Sales 2022 18 502 M 19 238 M 19 238 M
Net income 2022 3 603 M 3 746 M 3 746 M
Net Debt 2022 - - -
P/E ratio 2022 12,0x
Yield 2022 6,14%
Capitalization 42 234 M 43 916 M 43 916 M
Capi. / Sales 2022 2,28x
Capi. / Sales 2023 2,10x
Nbr of Employees 58 000
Free-Float 94,6%
Chart ING GROEP N.V.
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ING Groep N.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends ING GROEP N.V.
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 11,63 €
Average target price 14,09 €
Spread / Average Target 21,1%
EPS Revisions
Managers and Directors
Steven van Rijswijk Chief Executive Officer
Tanate Phutrakul Chief Financial Officer
Gerardus Johannes Wijers Chairman-Supervisory Board
Ronnie Henricus van Kemenade Chief Technology Officer
Marnix van Stiphout Chief Operating & Transformation Officer
Sector and Competitors