ING Group : Earnings in line and quality marginally less, no SBB yet, NII rise gradually
>Conclusion: Earnings in line and quality marginally less, no SBB yet - The 2Q22 earnings were in line with expectations and the quality was marginally less. ING sees the NII improving in 2H22 vs 1H22 supported by risen interest rates and not yet paying back TLTRO thereby delaying that adverse effect to 2023. There was no extra cap return announced, and by the geopolitical uncertainty we moved our expected € 0.6bn SBB to 4Q22. The uncertain geopolitical situation (Ru...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.