Q3 2025 ING Groep NV Earnings Call Transcript

Oct 30, 2025 / 08:00 AM GMT

Release Date Price: $23.94

Transcript

Key Points

Positve

ING Groep NV (ING) reported strong commercial momentum with significant growth in mobile primary customers, adding nearly 200,000 in the quarter.
The loan book expanded significantly, with retail seeing an 8.6 billion increase in net core lending, primarily driven by residential mortgages.
Sustainable finance volumes increased by 29% compared to the previous year, demonstrating ING's commitment to supporting clients in their sustainability transitions.
ING announced a EUR 1.6 billion distribution, including a new share buyback and a cash dividend, reflecting strong capital generation and shareholder returns.
Fee income grew by 15% year-on-year, driven by structural revenue drivers across both retail and wholesale banking, leading to an increased full-year growth outlook.

Negative

Core deposits declined slightly due to promotional campaigns and seasonal spending patterns, particularly in Germany and Belgium.
The CET1 ratio target was revised to around 13%, indicating increased regulatory requirements and potential capital pressures.
There were incidental expenses related to restructuring provisions, expected to result in $30 million in annualized cost savings, indicating ongoing cost management challenges.
Retail deposit outflows were noted, attributed to the conclusion of promotional savings campaigns and seasonal effects.
The lending margin experienced compression due to a greater share of mortgage financing, with expectations for normalization in the future.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INGA.AS - ING Groep NV
Q3 2025 ING Groep NV Earnings Call
Oct 30, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

Thank you and good morning and welcome to our resource call for the 3rd quarter of 2025. I hope you are all well and thank you for joining us. As usual, I'm joined by our CRA Liliana Choran and our CEO Put.

While macroeconomic and geopolitical uncertainty remains prevalent, we have again delivered a strong quarter as we continue to execute our strategy to accelerate growth, increase our impacts, and deliver customer value.

In today's presentation, I will start by sharing further insights into how our capital allocation will continue to fuel growth and increase returns, and I will also update you on our long-term capital targets.

Thereafter tonight we will walk you through the quarterly financials,

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