ING Group : FY24 target marginally less, targets FY27 better, mitigating B4 fully loaded
>Conclusion: FY24 target marginally less, targets FY27 better, Basel 4 fully loaded they plan to mitigate - The FY24 targets were marginally less than consensus and the FY27 (quite far away) are higher than expected. Further they target a marginally better future lending margin. On Basel 4 fully loaded impact they do not disclose the impact but mention that they plan to mitigate the impact. In total the market generally appreciates higher FY27 targets. As the company ...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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