ING Group : Healthy Q4 profit by clear NII rise, cost growth in 2023, TP increased
>Conclusion: Healthy Q4 profit by clear NII rise, cost growth in 2023 - For 4Q22, we expect a healthy net profit of € 1.14bn incl. a € -170m after tax TLTRO related cost. For 4Q22 we expect a clear increase of the net interest income (NII) as a result of the fast rising interest rates and the still quite low deposit competition. The 4Q22 commission income is likely to remain stable by the distressed capital markets, and the costs are still well under control albeit th...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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