Q1 2022 ING Groep NV Pre-Recorded Earnings Interview with CEO Transcript

May 06, 2022

May 06, 2022 / NTS GMT
Unidentified Analyst -

Welcome, Steven. Eventful quarter, again.

Questions and Answers:

Unidentified Analyst -

Said that, are you ready?

Steven J. A. van Rijswijk - ING Groep N.V. - CEO and Chairman of the Executive Board & Management Board Banking

Yes.

Unidentified Analyst -

Agree or disagree. The first quarter of 2022 can be split in 2.

Steven J. A. van Rijswijk - ING Groep N.V. - CEO and Chairman of the Executive Board & Management Board Banking

I agree. It started with optimism. The Corona measures were fading away in Europe and the economy was recovering. And then the 24th of February hit, which was the start of the invasion in Ukraine, and that changed everything.

Unidentified Analyst -

We have a wholesale banking business in Ukraine. How are the people over there?

Steven J. A. van Rijswijk - ING Groep N.V. - CEO and Chairman of the Executive Board & Management Board

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