ING posts 4Q2020 net result of €727 million, FY2020 net result of €2,485 million
“As the pandemic impacted our customers, business clients and society, it also had an impact on us. Despite these corona-related headwinds and the continuing negative interest rate environment, our results were resilient and we continued to see more customers choose ING.”
ING reports outcome of 2020 EU-wide Transparency Exercise and Risk Assessment Report
ING notes the announcements made today by the European Banking Authority (EBA) and the European Central Bank (ECB) regarding the information of the 2020 EU-wide Transparency Exercise and Risk Assessment Report.
Statement on ‘FinCen Files’ reporting
As a gatekeeper to the financial system, ING has an important responsibility to help protect customers, society and the financial system against financial economic crimes. This is a challenge the financial industry faces globally. ING takes its responsibility extremely seriously.
ING to book goodwill impairment in second quarter
ING announced today that as a result of the impairment test triggered by the Covid-19 pandemic, it expects to book approximately €300 million as an impairment on the goodwill on its balance sheet in its second quarter 2020 results. The goodwill is related to a number of acquisitions in the past.