Last €13.04 EUR
Change Today +0.10 / 0.77%
Volume 15.7K
As of 6:47 AM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

ing groep nv-cva (INGA) Snapshot

Open
€13.09
Previous Close
€12.94
Day High
€13.12
Day Low
€12.97
52 Week High
03/2/15 - €13.42
52 Week Low
05/19/14 - €9.35
Market Cap
50.3B
Average Volume 10 Days
9.9K
EPS TTM
--
Shares Outstanding
3.9B
EX-Date
--
P/E TM
--
Dividend
€0.12
Dividend Yield
--
Current Stock Chart for ING GROEP NV-CVA (INGA)

ing groep nv-cva (INGA) Details

ING Groep N.V., a financial institution, provides banking, investment, life insurance, and retirement services for individuals, families, small businesses, large corporations, institutions, and governments. It operates through Retail Netherlands; Retail Belgium; Retail Germany; Retail Rest Of The World; Commercial Banking; Netherland Life; Netherland Non-Life; Insurance Europe; Japan Life; Investment Management; Other; and Japan Closed Block VA segments. The company accepts various deposits products, such as current and savings accounts; and offers business lending, mortgages, consumer lending, cash management, corporate finance, real estate, and lease products. It also provides a range of life and individual life, and health insurance products, as well as offers pension administration and management services under the AZL brand. In addition, the company provides non-life insurance products, including motor, transport, fire, liability, travel, disability, and accident insurance products to retail, self-employed, small and medium-sized enterprises (SMEs), and corporate customers through regular and mandated brokers, ING Bank, and direct through the Internet; and corporate owned life insurance products to SMEs and owners, as well as employees of SMEs through independent agents and bancassurance. Further, it offers investment management products and advisory services to retail and institutional customers; and single premium variable annuity products. The company was founded in 1991 and is headquartered in Amsterdam, the Netherlands. ING Groep N.V. is a subsidiary of Stichting ING Aandelen.

52,898 Employees
Last Reported Date: 02/12/15
Founded in 1991

ing groep nv-cva (INGA) Top Compensated Officers

Chairman of Executive Board, Chief Executive ...
Total Annual Compensation: €794.0K
Chief Financial Officer and Member of Executi...
Total Annual Compensation: €750.0K
Chief Risk Officer and Member of Executive Bo...
Total Annual Compensation: €750.0K
Compensation as of Fiscal Year 2013.

ing groep nv-cva (INGA) Key Developments

ING Groep N.V. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 2014; Proposes Dividend for the Year 2014; Reports Impairment Charge for the Fourth Quarter of 2014

ING Groep N.V. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 2014. For the quarter, the company reported underlying net result of EUR 548 million and EUR 686 million a year ago. Net income was EUR 1,176 million or EUR 0.30 per share, including results from discontinued operations of NN Group and Voya against EUR 626 million or EUR 0.16 per share a year ago. Underlying result before tax was EUR 783 million against EUR 904 million a year ago. Total underlying income was EUR 3,756 million against EUR 3,815 million a year ago. Underlying return on equity was 5.9% against 8.1% a year ago. For the full year 2014, the company reported underlying net profit of EUR 3,424 million, up 8.5% from EUR 3,155 million reported in full year of 2013. The improvement in underlying net profit was driven by higher interest results, disciplined expense control and lower risk costs, and despite negative CVA/DVA impacts. Net income was EUR 1,251 million or EUR 0.32 per share, including special items and Insurance results against EUR 3,545 million or EUR 0.93 per share a year ago. Return on equity was 9.9%, up from 9.0% in 2013. Underlying result before tax was EUR 4,724 million against EUR 4,323 million a year ago. Total underlying income was EUR 15,296 million against EUR 15,305 million a year ago. Four quarter of 2014 included an EUR 11 million impairment on an Industry Lending. The company will propose to pay cash dividend of EUR 0.12 per share at the AGM in May 2015.

ING Groep N.V., Q4 2014 Earnings Call, Feb 11, 2015

ING Groep N.V., Q4 2014 Earnings Call, Feb 11, 2015

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.

 

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Industry Analysis

INGA

Industry Average

Valuation INGA Industry Range
Price/Earnings 17.6x
Price/Sales 3.4x
Price/Book 0.9x
Price/Cash Flow 34.5x
TEV/Sales NM Not Meaningful
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