ING Reports Strong Q3 2026 Results with Increased Return on Tangible Equity
ING Group N.V. (ING) reported robust third-quarter 2026 results, highlighted by a 16% return on tangible equity and significant growth in its customer base, which now exceeds 41 million individuals. The bank's net core lending grew by EUR 11 billion, while fee income saw a 9% year-over-year increase driven by improved cross-selling of investment products. The company is currently outperforming its original 2027 financial targets, with total income projected to exceed those goals by at least EUR 1 billion. To optimize operations, ING is restructuring its wholesale banking division into a new Corporate and Institutional Banking unit, which will involve approximately 400 redundancies and a EUR 175 million provision in the fourth quarter. Despite some volatility in interest rate hedging affecting other income, ING maintains a strong capital position with a CET1 ratio of 13.3%. The bank also announced a total capital distribution of EUR 1.9 billion for shareholders through share buybacks and cash payments.
Tickers: $ING
Topics: capital distribution customer growth earnings report financial guidance net interest income
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Part of the story Citizens Financial Services Reports Growth in Net Income and Interest Income for Q3 2026 (63 articles)