Report
Steven Gould

ING : Le T3 2020 souligne des fragilités déjà là avant crise COVID

>Baisse du CdR mais pression persistante sur le levier opérationnel - ING délivre au T3 2020 une copie décevante sur l’opérationnel, le RN s’établit ainsi à 788 M€ (vs cons 909 M€, -13% yoy), avec notamment des revenus plus faibles qu’attendu (4.3 Md€, -3% vs cons) et une base de coûts plus élevée (2.6 Md€, +6% vs cons), insuffisamment contrebalancée par l’évolution rassurante des provisions (469 M€, -33% vs cons & -65% qoq).Cela vient confirmer les fragilités d...
Underlying
ING Groep NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Steven Gould

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