ING Group : Stable result for Q2 expected, uncertain on loan losses, possible small SBB
>Conclusion: € 1.1bn normal profit but uncertainty on loan provisions - For 2Q22, we expect ING to report an underlying net profit of € 1.1bn where we assume loan losses of about 23bp of loans. Given the volatile uncertain economic and geopolitical situation the loan loss provision is the most uncertain of the quarter. We expect a marginal qoq rise of the net interest income (NII). The 2Q22 commission income is likely to be good mainly in retail by SME account fee inc...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.