ING Groep NVNYSE: ING

ING Groep N.V. (NYSE:ING ) Q3 2024 Earnings Conference Call October 31, 2024 4:00 AM ET Company Participants Steven van Rijswijk - Chief Executive Officer Tanate Phutrakul - Chief Financial Officer Ljiljana Cortan - Chief Risk Officer Conference Call Participants Benjamin Goy - Deutsche Bank AG Guillaume Tiberghien - BNP Paribas Exane Tarik El Mejjad - Bank of America Merrill Lynch Farquhar Murray - Autonomous Research LLP Kirishanthan Vijayarajah - HSBC Samuel Moran-Smyth - Barclays Bank Giulia Miotto - Morgan Stanley Benoit Petrarque - Kepler Cheuvreux Anke Reingen - RBC Capital Markets Matthew Clark - Mediobanca Operator Good morning, this is Laura welcoming you to ING's 3Q 2024 Conference Call.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Launched in June 2024, the sustainability-linked revolving credit facility was designed to support working-class communities. MIAMI and NEW YORK , Oct. 1, 2024 /PRNewswire/ -- Lafayette Square USA, Inc. ("Lafayette Square"), a business development company, announced today that ING Capital LLC ("ING") has increased commitments to the hybrid credit facility that closed earlier this year.

Dutch lender ING is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero, the bank's chief executive told Reuters.

Carsten Brzeski, global head of macro research at ING Bank, discusses European Central Bank's interest rate cut, saying it was a "very dovish" one.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

ING Groep N.V. reported Q2 earnings showing rates are now a headwind for growth, leading to a premium valuation. Despite strong fundamentals and high dividend yield, ING's revenue decline and cost pressures make it less attractive for investment. ING's profitability is expected to decline in the near future, with uncertain macroeconomic conditions potentially impacting earnings growth.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.