ING posts 1Q2026 net result of EUR1,556 million, driven by continued growth in customer balances and fee income
Profit before tax of EUR2,258 million, up 6% year-on-year and 8%
quarter-on-quarter
-- Further increase in commercial net interest income, supported by
sustained growth in customer balances and a higher liability margin
-- Strong fee income growth in both Retail and Wholesale Banking, up
13% year-on-year
-- Operating expenses decline compared with the fourth quarter and
are broadly stable year-on-year
-- Four-quarter rolling average return on tangible equity of 13.9%;
CET1 ratio of 13.0%
-- Announcement of a EUR1.0 billion share buyback
CEO statement
"The first quarter of 2026 unfolded against a backdrop of ongoing
geopolitical and macroeconomic uncertainty, marked by energy-security
risks in the Middle East and the direct and indirect effects across
the economies in which we operate. We continue to support our customers
and clients in navigating these circumstances," said Steven van Rijswijk,
CEO of ING Group. "Our strong performance demonstrates the resilience
of our business. We worked closely with our customers and clients
on financing, transactions and risk management, while executing our
strategy of accelerating growth, increasing impact and delivering
value. Based on current assumptions and scenarios, we're on track
to achieve our upgraded outlook as communicated during our 2025 full-year
results.
"Our mobile primary customer base has increased by 125,000, particularly
supported by growth in Germany, Poland and Spain, as we continue
to do more business with more customers. The number of active investment
product customers has increased by 116,000, with strong growth in
Germany.
"Total income has risen 3% and our net result has increased 7% year-on-year,
supported by strong commercial net interest income and a 13% year-on-year
increase in fee income. This was mainly driven by our growing customer
base and higher customer trading activity in Retail Banking, and
strong deal flow in Wholesale Banking, especially in Lending, Trade
Finance Services and Corporate Finance.
"Lending volumes in Retail Banking have grown by EUR9.4 billion,
of which EUR5.9 billion in mortgages, driven by strong production
in the Netherlands, Germany, Italy and Australia as demand for mortgages
remained solid. Business Banking lending has grown by EUR2.6 billion
as we continue to expand our franchise. In Private Banking & Wealth
Management, assets under management and e-brokerage have increased
to EUR281 billion, up 15% year-on-year. Retail deposits have grown
by EUR4.3 billion due to inflows in savings and deposits, while at
the same time customers continued to move money into investment products.
"In Wholesale Banking, lending has grown by EUR5.6 billion, driven
by a strong net inflow in Lending. Wholesale Banking deposits have
grown by EUR2.9 billion, reflecting higher balances in Payments &
Cash Management. Our sustainable volume mobilised has increased to
EUR34 billion, 11% higher than in the same period last year as we
continue to support our clients in their sustainable transitions.
"Expenses excluding regulatory costs declined 3% versus the previous
quarter while showing only a moderate increase year-on-year, as we
maintain a disciplined approach to managing our cost structure. Risk
costs remained below the through-the-cycle-average at 19 basis points,
as a prudent management overlay to address the possible economic
effects of the war in the Middle East was offset by repayments. The
four-quarter rolling average return on tangible equity rose to 13.9%
and our CET1 ratio was 13.0%, which includes the impact of an updated
dividend reserving approach.
"We announce a share buyback programme of EUR1.0 billion as we continue
to return capital in excess of our 13% target to our shareholders.
Operating at the right level of capital is in the best interest of
all our stakeholders, including our customers and the economies where
we do business.
"We are confident in our ability to serve our customers and clients
from a position of strength as we navigate the ongoing geopolitical
and macroeconomic uncertainties. We thank our employees across the
world who have contributed to our strong performance this quarter."
Further information
All publications related to ING's 1Q 2026 results can be found at
the quarterly results page on ING.com. For more on investor information,
go to the Investor Overview on ING.com.
A short ING ON AIR video with CEO Steven van Rijswijk discussing
our 1Q 2026 results is available on Youtube.
For further information on ING, please visit www.ING.com. Frequent
news updates can be found in the Newsroom or via the @ING_news feed
on X. Photos of ING operations, buildings and its executives are
available for download at Flickr.
Investor conference call and webcast
Steven van Rijswijk (CEO), Ida Lerner (CRO) and Andrea Cesaroni (Head
of Risk Management) will discuss the results in an Investor conference
call on 30 April 2026 at 9:00 a.m. CET. Members of the investment
community can join the conference call at +31 20 708 5074 $(NL)$, or
+44 330 551 0202 (UK) (registration required via invitation) and
via live audio webcast at www.ing.com.
Investor enquiries
E: investor.relations@ing.com
Press enquiries
T: +31 20 576 5000
E: media.relations@ing.com
ING Profile
ING is a global financial institution with a strong European base,
offering banking services through its operating company ING Bank.
The purpose of ING Bank is: empowering people to stay a step ahead
in life and in business. ING Bank's more than 60,000 employees offer
retail and wholesale banking services to customers in over 100 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA NA,
INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING
US, ING.N).
ING aims to put sustainability at the heart of what we do. Our policies
and actions are assessed by independent research and ratings providers,
which give updates on them annually. ING's ESG rating by MSCI has
been upgraded from 'AA' to 'AAA' in October 2025. As of June 2025,
in Sustainalytics' view, ING's management of ESG material risk is
'Strong' with an ESG risk rating of 18.0 (low risk). ING Group shares
are also included in major sustainability and ESG index products
of leading providers. Here are some examples: Euronext, STOXX, Morningstar
and FTSE Russell.
Important legal information
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invasion of Russia into Ukraine and related international response
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(23) inability of counterparties to meet financial obligations or
ability to enforce rights against such counterparties (24) changes
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transition and other risks and challenges in connection with climate
change, diversity, equity and inclusion and other ESG-related matters,
including data gathering and reporting and also including managing
the conflicting laws and requirements of governments, regulators
and authorities with respect to these topics (26) inability to attract
and retain key personnel (27) future liabilities under defined benefit
retirement plans (28) failure to manage business risks, including
in connection with use of models, use of derivatives, or maintaining
appropriate policies and guidelines (29) changes in capital and credit
markets, including interbank funding, as well as customer deposits,
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Attachment
-- Full ING 1Q2026 results Press Release (PDF)
(END) Dow Jones Newswires
April 30, 2026 00:59 ET (04:59 GMT)
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