ING posts 2Q2026 net result of EUR1,947 million, reflecting accelerated
growth in customer base and customer balances
Profit before tax of EUR2,919 million, up 23% year-on-year and
29% quarter-on-quarter
-- Mobile primary customer base expands by 377,000 in the quarter,
demonstrating continued commercial momentum
-- EUR15.2 billion of net core lending growth and EUR15.9 billion
of net core deposit inflows
-- Fee income of EUR1,278 million, up 14% year-on-year and 3% higher
quarter-on-quarter
-- Return on tangible equity 17.0% in 2Q2026 and 14.5% on a four-quarter
rolling basis; CET1 ratio 13.1%
-- ING will pay an interim cash dividend of EUR0.40 per ordinary
share
-- Upgraded 2026 and 2027 outlook for fees and total income, with
ROTE now expected at >15% and >16%, respectively(1)
CEO statement
"ING has had an excellent second quarter of 2026, with strong
results across all business lines as more customers did more business
with us," said Steven van Rijswijk, CEO of ING. "These results
reflect the continued progress we are making and show that we
are successfully supporting our clients and customers during this
period of ongoing uncertainty.
"During the quarter, more customers have chosen to bank with ING,
with our mobile primary customer base growing by 377,000, with
strong contributions from the Netherlands, Germany and Spain.
Total income was 10% higher and the net result has increased 16%
year-on-year, supported by growth in both interest and fee income,
reflecting our strong commercial momentum across the franchise.
"In Retail Banking, lending has grown by EUR12.1 billion, or 9%
on an annualised basis. We have helped more people finance their
homes, leading to a EUR7.1 billion growth in mortgages, especially
in the Netherlands, Germany, Italy and Australia. We have also
extended more loans to our Business Banking clients, resulting
in lending growth of EUR4.2 billion. And customers have continued
to entrust more of their savings to us, supported by successful
deposit gathering campaigns across several markets and resulting
in EUR16.7 billion Retail deposits growth, or 10% on an annualised
basis.
"Retail fee income has grown by 16% year-on-year, benefiting from
our growing customer base and increased customer activity. We
also continued to help more customers invest for their future.
The number of active investment product customers has increased
by 110,000 in the quarter, with strong growth in Germany in particular,
and total assets under management have grown 27% year on year
to EUR322 billion, partially supported by the full consolidation
of Polish asset manager TFI, after acquiring the remaining stake.
To further accelerate our growth in Private Banking, we have announced
a strategic investment in leading Spanish wealth manager Singular
Bank, which will strengthen our position in one of Europe's largest
wealth markets. The transaction is expected to close in the first
quarter of 2027.
"In Wholesale Banking, we have seen strong performance across
Lending, Daily Banking & Trade Finance, and Financial Markets.
Quarterly lending growth was EUR3 billion, or 6% on an annualised
basis, mainly driven by consistent demand for financing from our
clients as well as growth in Transaction Services. We also improved
capital efficiency, reducing riskweighted assets despite continued
lending growth. Wholesale Banking fee income has increased 11%
year-on-year, as we continue to support more clients in their
investment needs.
"Expenses increased, mainly reflecting wage inflation and continued
investments to support business growth, including marketing expenses.
Risk costs have remained below the through-the-cycle average at
15 basis points of average customer lending. Return on tangible
equity was 17.0% in the second quarter, bringing the four-quarter
rolling average to 14.5%. Our CET1 ratio was 13.1%, which includes
the EUR1.0 billion RWA relief from another significant risk-transfer
$(SRT)$ transaction completed during the quarter.
"As we continue to support our clients in their transition to
a more sustainable future, we financed EUR86.5 billion in sustainable
volume mobilised in the first half of 2026. Furthermore, we helped
more customers finance energy-efficient homes and provided more
financing for home renovations aimed at improving energy efficiency.
"Looking ahead, we remain well positioned to support our customers
and clients, as we build on our strong momentum and disciplined
strategic execution. We thank our employees for their dedication
and contribution to these results."
(1) See footnote on page 5.
Further information
All publications related to ING's 2Q 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 2Q 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 (CFO) and Andrea Cesaroni
(CRO) will discuss the results in an Investor conference call
on 30 July 2026 at 9:00 a.m. CEST. 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
T: +31 20 576 6396
E: investor.relations@ing.com
Press enquiries
T: +31 20 576 5000
E: media.relations@ing.com
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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
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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:
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about ING Groep N.V. and/ or ING Bank N.V. within the meaning
of Article 7(1) to (4) of EU Regulation No 596/2014 ('Market Abuse
Regulation').
ING Group's financial statements are prepared in accordance with
International Financial Reporting Standards as adopted by the
European Union ('IFRS- EU'). In preparing the financial information
in this document, except as described otherwise, the same accounting
principles are applied as in the 2025 ING Group consolidated financial
statements. All figures in this document are unaudited. Small
differences are possible in the tables due to rounding.
Certain of the statements contained herein are not historical
facts, including, without limitation, certain statements made
of future expectations and other forward-looking statements that
are based on management's current views and assumptions and involve
known and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those
expressed or implied in such statements. Actual results, performance
or events may differ materially from those in such statements
due to a number of factors, including, without limitation: (1)
changes in general economic conditions and customer behaviour,
in particular economic conditions in ING's core markets, including
changes affecting currency exchange rates and the regional and
global economic impact of the invasion of Russia into Ukraine
and related international response measures (2) changes affecting
interest rate levels (3) any default of a major market participant
and related market disruption (4) changes in performance of financial
markets, including in Europe and developing markets (5) fiscal
uncertainty in Europe and the United States (6) discontinuation
of or changes in 'benchmark' indices (7) inflation and deflation
in our principal markets (8) changes in conditions in the credit
and capital markets generally, including changes in borrower and
counterparty creditworthiness (9) failures of banks falling under
the scope of state compensation schemes (10) noncompliance with
or changes in laws and regulations, including those concerning
financial services, financial economic crimes and tax laws, and
the interpretation and application thereof (11) geopolitical risks,
political instabilities and policies and actions of governmental
and regulatory authorities, including in connection with the invasion
of Russia into Ukraine, other existing or emerging military conflicts,
the risk of further military escalation, geopolitical tensions,
trade restrictions and the related international response measures
(12) legal and regulatory risks in certain countries with less
developed legal and regulatory frameworks (13) prudential supervision
and regulations, including in relation to stress tests and regulatory
restrictions on dividends and distributions (also among members
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