ING Group released this morning its numbers for Q2 21. The numbers were mostly in line with expectations, except for loan losses which were well below expectations. This was, however, expected given the recent publications from other global banks. Our expectations being below consensus’ forecasts, we will revise upwards our EPSs for 2021 and 2022.
The CET1 ratio is at 15.7% and 15.4% under Basel IV. Management has a 12.5% CET1 ratio target and will pay therefore some dividends/SBB at the end of ....
06 Aug 2021
Numbers in line, capital distribution is starting
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Numbers in line, capital distribution is starting
ING Group released this morning its numbers for Q2 21. The numbers were mostly in line with expectations, except for loan losses which were well below expectations. This was, however, expected given the recent publications from other global banks. Our expectations being below consensus’ forecasts, we will revise upwards our EPSs for 2021 and 2022.
The CET1 ratio is at 15.7% and 15.4% under Basel IV. Management has a 12.5% CET1 ratio target and will pay therefore some dividends/SBB at the end of ....