$36.40
−1.41%Research · Sep 3, 2026
[ING] ING Group Thesis 2026: Return on Equity Recovers as Net Interest Income Guides Higher
ING Group FY25 (Dec 31, 2025) at €23.0B total income. NI €6.33B; EPS €2.12 (+29%). Customer base +7M YoY to 178M. Q4 +350K mobile primary, +€10.1B retail + €10.3B wholesale lending. CET1 13%+. Capital return €7.6B (€3.82B div + €3.82B buyback). FY26: income ~€24B, NII €14.9B, fees +5-10%, ROE 14%.