ING Group : Stable Q3 result, small SBB, the NII rise is starting, updated 23/24/25 EPS
>Conclusion: € 1.1bn normal profit but uncertainty on loan provisions - For 3Q22, we expect a net profit of € 1.1bn incl. a € -210m one-off for Poland, and 34bp in loan loss provisions (LT average 25bp). For 3Q22 we expect some increase of the net interest income (NII) excl. TLTRO3/Financial Markets/Poland one-off by rising rates. The 3Q22 commission income is likely to remain under some pressure by the distressed capital markets, and the costs are still well under co...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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