ING AGM adopts 2016 Annual Accounts
May 08 2017 - 12:04PM
The Annual General Meeting (AGM) of ING Groep N.V.
adopted the 2016 Annual Accounts today and declared a total
dividend for 2016 of EUR 0.66 per ordinary share. Taking into
account the interim cash dividend of EUR 0.24 paid in August 2016,
the final dividend amounts to EUR 0.42 per share, to be paid fully
in cash. ING's shares will be quoted ex-dividend on Euronext
Amsterdam as of 10 May 2017, coinciding with the publication of
ING's first quarter 2017 results. The record date for the final
dividend 2016 entitlement is 11 May 2017. The final dividend will
be made payable on 18 May 2017. For holders of American Depositary
Receipts (ADR), the final dividend will be made payable on 25 May
2017.
The AGM reappointed CEO Ralph Hamers and appointed
Koos Timmermans and Steven van Rijswijk as members to the Executive
Board of ING. As announced on 16 March 2017, Koos Timmermans will
become chief financial officer, succeeding Patrick Flynn, who has
decided to pursue his career outside of ING. Steven van Rijswijk
will succeed Wilfred Nagel who continues as a member of the
Executive Board and chief risk officer until 1 August 2017. Steven
van Rijswijk will become chief risk officer as per that date.
The AGM reappointed Hermann-Josef Lamberti, Robert
Reibestein and Jeroen van der Veer to the Supervisory Board
of ING. In addition, the AGM appointed Jan Peter Balkenende,
Margarete Haase and Hans Wijers as members of the Supervisory
Board. As announced on 16 March 2017, Isabel Martín Castellá has
retired from the Supervisory Board as per the end of the AGM 2017,
having reached the ING age limit for the Supervisory Board
members.
After the AGM, the Supervisory Board of ING
consists of:
Jeroen
van der Veer, Chairman** |
Margarete
Haase* |
Jan Peter
Balkenende*
Eric Boyer de la Giroday |
Hermann-Josef Lamberti
Robert Reibestein |
Henk
Breukink |
Ann
Sherry |
Mariana
Gheorghe |
Hans
Wijers*
|
*The appointments of Jan Peter Balkenende and Hans
Wijers will become effective as per 1 September 2017. In light of a
planned reduction of the total number of her board positions, the
appointment of Margarete Haase will become effective at a later
date upon the decision of the Supervisory Board.
** It is the intention of the Supervisory Board that Hans Wijers
succeeds Jeroen van der Veer as chairman of the Supervisory Board
as per the end of the 2018 AGM. Therefore the AGM has reappointed
Jeroen van der Veer as member of the Supervisory Board for a period
of one year; i.e. ending per the end of the 2018 AGM.
Note for editors
For further information on ING, please visit
www.ing.com. Frequent news updates can be found in the Newsroom or
via the @ING_news Twitter feed. Photos of ING operations, buildings
and its executives are available for download at Flickr. Footage
(B-roll) of ING is available via ing.yourmediakit.com or can be
requested by emailing info@yourmediakit.com. ING presentations are
available at SlideShare.
Press enquiries |
|
Investor enquiries |
Carolien van der Giessen |
|
ING Group Investor Relations |
+31 20 576 6836 |
|
+31 20 576 6396 |
Carolien.van.der.Giessen@ing.com |
|
Investor.Relations@ing.com |
ING PROFILE
ING is a global financial institution with a strong European base,
offering banking services through its operating company ING Bank.
The purpose of ING Bank is empowering people to stay a step ahead
in life and in business. ING Bank's 52,000 employees offer retail
and wholesale banking services to customers in over 40
countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA AS,
INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING
US, ING.N).
Sustainability forms an integral part of ING's strategy, which is
evidenced by the number one position among 395 banks ranked by
Sustainalytics. ING Group shares are being included in the
FTSE4Good index and in the Dow Jones Sustainability Index (Europe
and World) where ING is among the leaders in the Banks
industry group.
IMPORTANT LEGAL INFORMATION
Elements of this press release contain or may contain information
about ING Groep N.V. and/ or ING Bank N.V. within the meaning of
Article 7(1) to (4) of EU Regulation No 596/
2014.
Projects may be subject to regulatory approvals. Insofar as they
could have an impact in Belgium, all projects described are
proposed intentions of the bank. No formal decisions will be taken
until the information and consultation phases with the Work Council
have been properly finalised.
Certain of the statements contained herein are not historical
facts, including, without limitation, certain statements made of
future expectations and other forward-looking statements that are
based on management's current views and assumptions and involve
known and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those
expressed or implied in such statements. Actual results,
performance or events may differ materially from those in such
statements due to a number of factors, including, without
limitation: (1) changes in general economic conditions, in
particular economic conditions in ING's core markets,
(2) changes in performance of financial markets, including
developing markets, (3) potential consequences of European
Union countries leaving the European Union or a break-up of the
euro, (4) changes in the availability of, and costs associated
with, sources of liquidity such as interbank funding, as well as
conditions in the credit and capital markets generally, including
changes in borrower and counterparty creditworthiness,
(5) changes affecting interest rate levels, (6) changes
affecting currency exchange rates, (7) changes in investor and
customer behaviour, (8) changes in general competitive
factors, (9) changes in laws and regulations and the
interpretation and application thereof, (10) geopolitical
risks and policies and actions of governmental and regulatory
authorities, (11) changes in standards and interpretations
under International Financial Reporting Standards (IFRS) and
the application thereof, (12) conclusions with regard to
purchase accounting assumptions and methodologies, and other
changes in accounting assumptions and methodologies including
changes in valuation of issued securities and credit market
exposure, (13) changes in ownership that could affect the
future availability to us of net operating loss, net capital and
built-in loss carry forwards, (14) changes in credit ratings,
(15) the outcome of current and future legal and regulatory
proceedings, (16) ING's ability to achieve its strategy,
including projected operational synergies and cost-saving
programmes and (17) the other risks and uncertainties detailed
in the most recent annual report of ING Groep N.V. (including the
Risk Factors contained therein) and ING's more recent
disclosures, including press releases, which are available on
www.ING.com. Many of those factors are beyond ING's
control.
Any forward looking statements made by or on behalf of ING speak
only as of the date they are made, and ING assumes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information or for any other reason.
This document does not constitute an offer to sell, or a
solicitation of an offer to purchase, any securities in the United
States or any other jurisdiction. |
AGM press release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ING Group via Globenewswire
ING Groep NV (EU:INGA)
Historical Stock Chart
From Feb 2024 to Mar 2024
ING Groep NV (EU:INGA)
Historical Stock Chart
From Mar 2023 to Mar 2024