Last $12.72 USD
Change Today +0.45 / 3.67%
Volume 2.7M
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ing groep n.v.-sponsored adr (ING) Key Developments

ING to Slash 1,700 Jobs

ING announced it will slash 1,700 local jobs over the next three years, as it upgraded its automated online banking services. In addition a further 1,075 external contract jobs will also be scrapped. The cuts will mainly target its Amsterdam-based headquarters, its IT department and call centres. ING planned to standardise all its online banking systems including its mobile app, website, call centre and branches into a single service and upgrade its IT systems at a cost of EUR 200 million. The job cuts however will lead to a total gross cost saving of around EUR 270 million from 2018 onwards.

ING Groep N.V. - Special Call

To improve the customer experience and enhance operational excellence, ING will take measures to further expand digital banking, strengthen local advisory capabilities in the branch network and to make additional IT investments in its Dutch retail banking unit

ING Groep N.V. Presents at Nomura Financial Services Conference 2014, Nov-20-2014

ING Groep N.V. Presents at Nomura Financial Services Conference 2014, Nov-20-2014 . Venue: 1 Angel Lane, London EC4R 3AB, United Kingdom.

ING Group Presents at The 14th IFR Bank Capital Conference, Nov-20-2014 02:00 PM

ING Group Presents at The 14th IFR Bank Capital Conference, Nov-20-2014 02:00 PM. Venue: Thomson Reuters, 30, South Colonnade, London, United Kingdom. Speakers: Romke van der Weerdt, Managing Director, Strategic Capital Advisory.

ING Groep N.V. Presents at Citi's Global Financial Conference 2014, Nov-19-2014

ING Groep N.V. Presents at Citi's Global Financial Conference 2014, Nov-19-2014 . Venue: The Ritz Carlton Hotel, 7 Raffles Ave, Singapore, Singapore. Speakers: Malcolm Brown, Head of Investor Relations, Patrick G. Flynn, Chief Financial Officer and Member of Executive Board.

 

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ING

Industry Average

Valuation ING Industry Range
Price/Earnings 18.5x
Price/Sales 1.5x
Price/Book 0.8x
Price/Cash Flow 51.6x
TEV/Sales NM Not Meaningful
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