Report
Steven Gould

ING : Renforcement du capital mais fragilité opérationnelle persistante

>Le T2 2020 confirme, selon nous, les fragilités sur l’opérationnel - ING délivre au T2 2020 une copie mitigée sur l’opérationnel, – le RN s’établit ainsi à 299 M€, bien en deçà des attentes (-51% vs consensus 613 M€, -79% yoy), même si cela est en partie lié à la comptabilisation de ~0.3 Md€ de dépréciation de GW (annoncée la semaine dernière). Au-delà de ce one-off négatif, la performance underlying reste assez décevante avec un RCAI à 542 M€ soit -36% par rapport a...
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

Other Reports on these Companies
Other Reports from Oddo BHF
Ghada Ben Sedrine ... (+2)
  • Ghada Ben Sedrine
  • Nicolas David
Benoit Valleaux ... (+5)
  • Benoit Valleaux
  • Roland Pfaender
  • MBA
  • CFA
  • CCRA
Ghada Ben Sedrine ... (+2)
  • Ghada Ben Sedrine
  • Nicolas David

ResearchPool Subscriptions

Get the most out of your insights

Get in touch