ING Groep NV (ING Groep NV) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is ING Groep NV Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

ING Groep NV's Net Charge Offs to Average Loans % for the annual that ended in Dec. 2017 was 0.20% , which is lower than 0.23% for the pervious year ended in Dec. 2016.

The historical rank and industry rank for ING Groep NV's Net Charge Offs to Average Loans % or its related term are showing as below:

ING's Net Charge Offs to Average Loans % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

ING Groep NV Net Charge Offs to Average Loans % Historical Data

The historical data trend for ING Groep NV's Net Charge Offs to Average Loans % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ING Groep NV Net Charge Offs to Average Loans % Chart

ING Groep NV Annual Data

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Dec16

Dec17

Net Charge Offs to Average Loans %

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Competitive Comparison of ING Groep NV's Net Charge Offs to Average Loans %

For the Banks - Diversified subindustry, ING Groep NV's Net Charge Offs to Average Loans %, along with its competitors' market caps and Net Charge Offs to Average Loans % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ING Groep NV (NYSE:ING) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

ING Groep NV (NYSE:ING) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

ING Groep NV Net Charge Offs to Average Loans % Related Terms

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ING Groep NV (ING Groep NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ING Groep NV (NYSE:ING) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

INGVF:USA INGA:Netherlands INGA:Italy 0A2K:UK INGAa:UK 0RIC:UK INN1:Germany INNA:Germany INN1:Germany INN1:Germany INNA:Germany INN1:Germany INGG34:Brazil INGA:Austria ING:Argentina

Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.