Report
Cor Kluis

ING : Rising interest rates positive but will take quite some time to show in NII

>Conclusion: Rising rates positives but until mid-2023 to show in NII - As a result of the sharp rise/recovery of the interest rates the focus shifted to how positive rising euro rates would be for the Benelux banks. In this note we give some sensitivity analysis. Main conclusion is that with the current risen/recovered euro interest rate rise the negative strain of the replicating portfolio on the NII stopped and can marginally add to the NII. However, the clear reco...
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
Cor Kluis

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