ADVFN - Advanced Financial Network.
HOME» NYSE » I » ING Stock Price » ING Stock News

Ing Share News

 Ing Groep N.v. Stock Price
ING Stock Price
 Ing Groep N.v. Stock Chart
ING Stock Chart
 Ing Groep N.v. Stock News
ING Stock News
 Ing Groep N.v. Company Information
ING Company Information
 Ing Groep N.v. Stock Trades
ING Stock Trades

ING Says Exposure To Spain Is Large But Well Protected

AMSTERDAM -(Dow Jones)- Dutch financial services company ING Groep NV (INGA.AE) Wednesday said that its large exposure to Spain is no source of concern despite the country's economic woes. ING's exposure to Spain is among the largest of its European peers at over EUR40 billion. It has come into focus as the debt crisis in the euro zone is heating up again with attention shifting to Spain, which is struggling with a deep housing market slump and soaring unemployment rates. In a report published last week, analysts at Rabobank said the worries have pressured ING's share price and pushed insurance costs for ING Bank's debt higher. But in a conference call with journalists, Chief Executive Jan Hommen said that ING's exposure is significant, but well-protected. "There are some serious issues in Spain, but we have done pretty well," he said. And Chief Risk Officer Wilfred Nagel said there is no reason at this stage to take additional measures, even though real-estate prices in Spain are under pressure. ING, the Netherlands' biggest bank, holds around EUR1.3 billion in Spanish government debt. Through its online banking franchise in Spain, ING Direct, the Dutch group has built up a substantial exposure to the Spanish mortgage market. It includes EUR16.84 billion in covered bonds that are backed by mortgages, EUR4.13 billion worth of mortgage-backed securities, and EUR632 million in real estate-loans. ING has also originated EUR9.18 billion in mortgages and has EUR2.04 billion outstanding loans to Spanish financial institutions. -By Maarten van Tartwijk; Dow Jones Newswires; +31 20 571 5201; maarten.vantartwijk@dowjones.com

Stock News for Ing (ING)
DateTimeHeadline
08/13/201412:26:02European Banks Ink Loan to Russian Steelmaker
08/06/201417:51:35ADR Shares End Mixed; ING Group Shares Trade Actively
08/04/201410:50:11ING Groep 2Q 2014 -- Forecast
06/13/201411:07:37Poland's May CPI Falls Unexpectedly
06/05/201415:01:13ING Moves Ahead With NN Unit IPO -- Update
06/05/201402:42:07ING Moves Ahead With NN Unit IPO
05/16/201404:20:08ING Groep Completes EUR1.125 Billion Note Issue
05/07/201417:32:03ADR Shares End Mixed; Delhaize, ING Shares Active
05/07/201409:07:17ING Hit By Restructuring Costs -- Update
05/07/201403:24:59ING Hit By Restructuring Costs
05/06/201417:18:57ING Groep 1Q Results -- Forecast
04/29/201404:03:13Dutch Central Bank Sets Out Capital Buffers
04/22/201402:58:35ING Bank Names Roel Louwhoff as Chief Operating Officer
04/02/201412:49:22European Stocks Notch Seventh Straight Day of Gains--Update
04/01/201403:41:57Singapore OCBC Makes Near US$5 Billion Offer For Wing Hang Bank...
03/31/201417:16:48ADR Shares End Higher; ING, Novartis Shares Active
03/31/201412:29:09EUROPE MARKETS: European Stocks End Mixed On Inflation Jitters
03/31/201410:29:55EUROPE MARKETS: European Stocks Push Higher After Weak Inflation
03/31/201407:13:19ING Aims to Resume Dividends Next Year -- Update
03/31/201406:22:12EUROPE MARKETS: European Stocks Pare Gains After Weak Inflation...

Ing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad