ING Groep reports Q4 net result per share EUR 0.45 vs. EUR 0.30 last year

Reports Q4 CET1 ratio 14.7%, up 0.2% vs. last year. “In many respects 2023 was a challenging year, as geopolitical and economic shocks affected many of our clients and the societies we operate in. At the same time, most economies proved resilient with low unemployment, inflation coming down, and rates turning positive at an unprecedented pace. In that context, we were able to continue the successful execution of our strategy by increasing the number of customers, working to provide them with a superior customer experience, further improving our digital offerings and helping our clients in their sustainable transitions,” said CEO Steven van Rijswijk. “We’re pleased to see that both Retail and Wholesale Banking contributed to our strong results, with net profit almost doubling to EUR 7.3 billion and a full year RoE of 14.8%. This was driven by higher net interest income and our continued low risk costs, reflecting our strong asset quality.”