ING Group : Russia made 1Q22 earnings and excess cap less, more positive on CMD
>Conclusion: the 1Q22 result and excess cap was less, CMD better - The 1Q22 net profit was somewhat less than expected by more Russia related impairments. However, underlying the Q1 net interest income was marginally less than expected but the net commission income and expenses were both marginally better than expected. Most of the direct Russia capital impact has been taken. As a result of taking the Russia impact in 1Q22 the excess capital was about € 1bn less than ...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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