ING Group : 3Q24e € 1.63bn net profit, a stable NII and commission income, costs up
>Conclusion: Q3 € 1.63bn net profit, stable NII and commission income, cost up - For 3Q24, we expect a net profit of € 1.63bn whereby we assumed 20bp loan losses vs outstanding loans. For 3Q24 we expect a quite stable qoq a underlying net interest income (NII) and a small cost increase. The commission income is expected to remain quite stable qoq. For end 3Q24 we expect a CET1 ratio of 14.25% incl. some small RWA mitigation actions. As ING wants to bring their CET1 ra...ING Groep is a global financial institution based in the Netherlands. Co. is engaged in offering a wide range of retail and wholesale banking services to customers in over 40 countries across Europe, the Americas, Asia and Australia. In addition to the basic banking services of lending, payments and cash management and treasury, Co. provides tailored banking solutions in areas including corporate finance, commercial finance (factoring), equity markets and debt capital markets to help clients achieve their business goals. Co.'s operations are organized along five segments: Retail Netherlands; RetailBelgium: Retail Germany: Retail Other; and Wholesale Banking.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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