ING Bank Vice-chairman Koos Timmermans to speak at Goldman Sachs conference
June 16 2015 - 2:31AM
Koos Timmermans, Vice-chairman of ING Bank, will
address international analysts and investors at the Goldman Sachs
European Financials Conference in Rome today.
ING's Think Forward Strategy is one of the topics
Mr. Timmermans will elaborate on. He will talk about the digital
transformation of both Retail and Commercial Banking which is
gaining momentum, illustrated by the rapidly growing proportion of
customers who are in contact with ING via a mobile device. In the
Netherlands, for example, this number grew from 24% in 2012 to 64%
in Q1 2015.
Mr. Timmermans, responsible for ING's Benelux
activities, will also review the bank's financial performance in
this important region where ING has top three market shares in both
Retail and Commercial Banking and give an overview of ING Group's
strong Q1 2015 results.
The recent deconsolidation of NN Group by ING
Group will be addressed by Mr. Timmermans as well. The remaining
stake in NN has been brought back to 38.2% over the past few weeks
resulting in a pro-forma CET1 ratio for ING Group of approximately
12.4% on a fully loaded basis.
The full presentation by Mr. Timmermans can be
viewed/downloaded via ING's corporate website
www.ing.com/presentations or via www.slideshare.net.
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
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videobankonline.com, or can be requested by emailing
info@videobankonline.com. ING presentations are available at
SlideShare.
For convenient access to the latest financial information and press
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Press enquiries |
Investor enquiries |
Diederik
Heinink |
ING Group
Investor Relations |
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576 6396 |
diederik.heinink@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 and holding a significant stake in the
listed insurer NN Group NV. The purpose of ING Bank is empowering
people to stay a step ahead in life and in business. ING Bank's
53,000 employees offer retail and commercial banking services to
customers in over 40 countries.
ING Group shares are listed (in the form of
depositary receipts) on the exchanges of Amsterdam (INGA NA,
ING.AS), Brussels and on the New York Stock Exchange (ADRs: ING US,
ING.N).
Sustainability forms an integral part of ING's
corporate strategy, which is evidenced by ING Group shares being
included in the FTSE4Good index and in the Dow Jones Sustainability
Index (Europe and World) where ING is the industry leader in the
diversified financials group.
Important legal information
Certain of the statements contained in this document 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, 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) consequences of a potential
(partial) break-up of the euro, (4) ING's implementation of the
restructuring plan as agreed with the European Commission, (5)
changes in the availability of, and costs associated with, sources
of liquidity such as interbank funding, as well as conditions in
the credit markets generally, including changes in borrower and
counterparty creditworthiness, (6) the frequency and severity of
insured loss events, (7) changes affecting mortality and morbidity
levels and trends, (8) changes affecting persistency levels, (9)
changes affecting interest rate levels, (10) changes affecting
currency exchange rates, (11) changes in investor, customer and
policyholder behaviour, (12) changes in general competitive
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policies of governments and/or regulatory authorities, (15)
conclusions with regard to purchase accounting assumptions and
methodologies, (16) changes in ownership that could affect the
future availability to us of net operating loss, net capital and
built-in loss carry forwards, (17) changes in credit-ratings, (18)
ING's ability to achieve projected operational synergies and (19)
the other risks and uncertainties detailed in the risk factors
section contained in the most recent annual report of ING Groep
N.V.
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 buy, any securities. |
PR GS Conference Rome
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Source: ING Group via Globenewswire
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