ING Group : Good 1Q23 profit by further NII rise, € 2.25bn SBB as expected
>Conclusion: Good 1Q23 profit by further NII rise, € 2.25bn SBB as expected - For 1Q23, we expect a net profit of € 1.26bn with still moderate loan losses. For 1Q23 we expect a further increase of the net interest income (NII) as a result of higher interest rates in Q1 still moderate/low deposit competition. The 1Q23 commission income is likely to remain stable by the distressed capital markets, and the costs are rising moderately as the Dutch wage increase is from 1 ...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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