Company Overview of ING Bank N.V.
ING Bank N.V. provides retail and commercial banking services in Europe, Asia, Australia, and internationally. It offers its products and services to individuals, small and medium-sized enterprises, multinational corporations, governments, financial institutions, and supranational organizations. The company was incorporated in 1927 and is headquartered in Amsterdam, Netherlands. ING Bank N.V. is a subsidiary of ING Groep N.V.
Amsterdam, 1102 MG
Founded in 1927
Key Executives for ING Bank N.V.
Chairman of Management Board and Group Chief Executive Officer
Chief Financial Officer and Member of The Management Board
Chief Operating Officer and Member of the Management Board
Member of Management Board and Chief Executive Officer of Commercial Banking
Chairman of The Management Board of Ing Commercial Banking In Russia and Chief Executive Officer of Ing Commercial Banking In Russia
Compensation as of Fiscal Year 2014.
ING Bank N.V. Key Developments
ING Bank Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Feb 17 15
ING Bank reported earnings results for the fourth quarter and year ended December 31, 2014. The company has reported that net income for the fourth quarter ended December 31, 2014 was €1.18 billion, or €0.30 per share, compared to €626 million, or €0.16 per share, for the same quarter ended December 31, 2013. Interest income for the fourth quarter ended December 31, 2014 was €3.21 billion, compared to €2.95 billion for the same quarter ended December 31, 2013.
Net income for the year ended December 31, 2014 was €1.25 billion, or €0.32 per share, compared to €3.54 billion, or €0.93 per share, for the same period ended December 31, 2013. Interest income for the year ended December 31, 2014 was €12.38 billion, compared to €11.80 billion for the same period ended December 31, 2013.
ING Bank Proposes Dividend for Ordinary Share
Feb 11 15
ING Bank announced the reinstatement of dividend payments on ordinary shares with a proposed cash dividend of EUR 0.12 per share.
ING Group Announces Group and Parent Financial Results for the Fourth Quarter and Year of 2014
Feb 11 15
ING Group announced group and parent financial results for the year of 2014. For the year, on parent basis, the company reported underlying net profit of EUR 3,424 million, up 8.5% from full-year 2013. Full-year 2014 underlying return on IFRS-EU equity improved to 9.9%. The banks's underlying net profit for the full-year 2014 was EUR 3,424 million, up 8.5% from 2013. The improvement was driven by high r interest results, disciplined expense control and lower risk costs, and despite negative CVA/DVA impacts. Total net inflow of funds entrusted amounted to EUR 16.8 billion.
For the quarter, on parent basis, the company's underlying net result was EUR 548 million reflects redundancy provisions, annual Dutch bank tax and negative CVA/DVA. Fourth-quarter result was dampened by redundancy provisions related to these actions, the annual Dutch bank tax and negative CVA/DVA impacts which lowered the underlying result before tax to EUR 783 million. Excluding those items, the underlying result before tax was a strong EUR 1,376 million.
For the year, on group basis, the company's full-year 2014 net result EUR 1,251 million or EUR 0.32 per share, including special items and Insurance results. Full-year 2014 underlying net profit was EUR 3,424 million, up 8.5% from full-year 2013.
For the quarter, on group basis, the company's underlying net result was EUR 1,176 million or EUR 0.30 per share, including results from discontinued operations of NN Group and Voya.
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